Company Information

Get to know Blockbid

Founded in 2017 and based in Melbourne, Australia, Blockbid was a cryptocurrency trading platform that officially launched in 2018. The company's mission was to provide a secure, user-friendly, and comprehensive trading experience by offering the largest number of digital currency pairs available on a single exchange, insured for 95% of holdings, and operating with a simple 0.1% flat trading fee. Despite its ambitious goals and initial funding, the company faced operational challenges and entered voluntary administration in November 2019, ultimately leading to its closure.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Blockbid

Australia

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.