Company Information

Get to know Satowallet

Satowallet was launched as a decentralized cryptocurrency wallet and exchange application designed for mobile and desktop users. It supported a wide range of digital assets, allowing users to store, transact, and trade cryptocurrencies on its platform. However, in mid-2019, the company abruptly ceased operations. Users reported being unable to withdraw their funds, the application was removed from app stores, and the company's website and social media channels went offline, leading to widespread public reports of a multi-million dollar exit scam.

Industry

Crypto ExchangePRIMARY
Financial Other Service
Technology Software Development

Contact

Social

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Satowallet

United Arab Emirates

Founded in

Apr 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

0 reviews

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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.

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.