Company Information

Get to know POTS Wallet

PotWallet positioned itself as a financial solution for the legal marijuana industry, which often faces challenges with traditional banking. It offered a Bitcoin wallet and payment processing services for both consumers and merchants, aiming to provide a secure and user-friendly platform to circumvent banking issues in this sector. However, the service became widely reported as non-functional and an exit scam around 2016-2017, with numerous users unable to withdraw their funds.

Industry

Crypto CryptocurrencyPRIMARY
Financial Banking
Financial Other Service

Contact

Social

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POTS Wallet

Name: POTS Wallet
Address: AU

Australia

Founded in

Mar 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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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.

BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

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.