Company Information

Get to know FuzeX

FuzeX launched in 2018 with the mission to bridge the gap between cryptocurrency and traditional finance by creating a physical payment card (the FuzeX Card) and a supporting digital wallet. The project's goal was to allow users to store multiple cryptocurrencies and spend them at point-of-sale terminals by instantly converting them to local fiat currency. The ecosystem was powered by their native utility token, FXT. Despite a successful Initial Coin Offering (ICO), the company faced significant challenges in delivering the physical cards and achieving its goals, and the project has been inactive since circa 2019.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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FuzeX

Switzerland

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

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

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.