Company Information

Get to know E-DINAR

Launched around 2016, E-DINAR promoted its own cryptocurrency, EDRCoin (EDR), promising investors daily returns of approximately 0.65% through a process it called "mining." The business model heavily relied on a multi-level marketing (MLM) structure, where participants earned significant bonuses for recruiting new members. This structure, combined with the unsustainably high promised returns, led to widespread accusations of it being a Ponzi and pyramid scheme. The project was particularly popular in Russia, Ukraine, Indonesia, and other parts of Asia before its eventual collapse and the delisting of its coin from exchanges.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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E-DINAR

Algeria

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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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.