The cryptocurrency exchange claims millions of users in more than 100 countries. In addition, the platform allegedly has more than 1,800 employees, is trusted by 145,000 ecosystem partners, and is backed by “prominent investors from Silicon Valley, London, and Wall Street.” However, the company does not provide the names of regulators or a link to a license.

Is this project reliable? Maybe you find it rather dubious? We investigated the legality of Moluc.com and the list of services of this exchange in our review. Check out the details of this company.

How to Trade

Customers of this crypto exchange get the opportunity to “easily invest and safely save, spend, earn and use digital coins”. The company provides two account types. The trading conditions are disclosed in more detail on the Premium account:

  • One-time access fee of 0.015 BTC.
  • Minimum deposit of 0.002 BTC.
  • Deposit fee of 2.5%.
  • Up to $30,020 in exclusive rewards.

Moluc.com encourages traders to join their “world’s most trusted” Web 3 platform. However, they make no guarantees to users about the safety of their funds.

When you register your account, you must agree that it may be blocked “for any reason”. In this case, the firm will not be liable for any damage caused to you.

The exchange invites clients to join the Affiliate Program. It promises 10%-30% ‌referrals’ trading commission.

Moluc.com Vital Info

There is no information about the location, team members, and founders of the resource in the “About Us” section. In general, the website of this crypto exchange is full of false merits of the platform, and pseudo advantages are presented without any documentation. For example, the mention of cold storage. However, there are no specific wallet addresses and it is impossible to see the reserves of this exchange. The founders’ claim of over 1800 employees and millions of customers is not credible. Since the domain was not created until August 2024.

As for the registration and permission for financial activities, there are no copies of documents on the official website of this exchange or even a mention of the address of the headquarters or the country of residence. Meanwhile, disputes are governed by the courts of San Francisco, California, as stated in the Terms of Use. Despite this, we have not found any evidence of Moluc brand registration either in the USA or other jurisdictions.

FAQ

What are the key facts about Moluc.com?

Presumably, this exchange is operating illegally, as there is no evidence of its registration either on the website or in the global registry of legal entities. Besides, the statistics about working capital, number of clients and employees do not match with a fresh domain.

What's the risk to my wallet when working with this exchange?

You should not connect your Web3 wallets to such a dubious site, as there is a high risk of your funds being stolen. The platform is dangerous because it can block your account at any time as it operates illegally.

How can I give my thoughts about Moluc.com?

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