Company Information

Get to know YallaBit

Founded by Kuwaiti entrepreneurs, YallaBit is a digital asset exchange that aims to provide a fast, easy, and secure way for users in Kuwait and the Middle East to trade cryptocurrencies. The company prides itself on being one of the first licensed and regulated crypto platforms in Kuwait, focusing on user-friendly experiences and integration with local payment systems like KNET. Their mission is to increase the adoption of blockchain technology in the region by offering a reliable and compliant gateway to the digital asset market.

Industry

Crypto ExchangePRIMARY
Financial Other Service

Contact

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YallaBit

Kuwait

Founded in

Nov 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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.