Company Information

Get to know Cryptokart

Cryptokart launched in 2018 as a cryptocurrency exchange based in India. The platform was designed to provide a simple and secure environment for Indian users to buy, sell, and trade digital assets like Bitcoin and other altcoins. Its primary offering was a peer-to-peer (P2P) marketplace, which allowed users to trade directly with one another. The company ceased operations following the Reserve Bank of India's (RBI) circular in April 2018, which prohibited regulated financial institutions from providing services to crypto-related businesses, leading to the shutdown of many Indian crypto exchanges.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Cryptokart

Georgia

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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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.