United States
|5-10 years
MSB License|
Suspicious Overrun|
Medium potential risk
https://rockitcoin.com/
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United States 7.78
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MSB License goes beyond their business with the United States FinCEN license (License No.: 31000177360234), please be aware of the risk!
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Aspect | Information |
Company Name | Rockitcoin |
Registered Country/Area | United States |
Founded year | 5-10 years |
Regulatory Authority | FinCEN (exceeded) |
Numbers of Cryptocurrencies Available | 6 |
Payment Methods | Visa card, Google Pay, Apple Pay, USAA, Wells Fargo Bank, Chime, SoFi, and Mastercard |
Customer Support | Email: support@rockitcoin.com, phone: 1-888-702-4826, Ticket, and Live chat |
Rockitcoin is a cryptocurrency company based in the United States, operating for approximately 5-10 years. It was regulated by FinCEN and offers access to six cryptocurrencies.
Users can buy, sell, and trade cryptocurrencies using Visa card, Google Pay, Apple Pay, USAA, Wells Fargo Bank, Chime, SoFi, and Mastercard. Customer support is available via email, phone, ticketing system, and live chat.
Pros | Cons |
Security measures available | FinCEN exceeded |
Support OTC trading | Limited selection of cryptocurrencies |
Rich educational resources | / |
Pros:
Security measures available: Rockitcoin demonstrates its commitment to user security through the implementation of robust security measures, ensuring the protection of assets and personal information from potential threats.
Support OTC trading: With the inclusion of Over-The-Counter trading options, Rockitcoin provides users the flexibility to execute larger transactions directly, tailored to their unique trading needs.
Rich educational resources: Rockitcoin stands out by offering a wealth of educational resources through a Blog page, enabling users to deepen their understanding of cryptocurrencies and make well-informed decisions within the dynamic digital asset landscape.
Cons:
FinCEN exceeded: The situation where Rockitcoin's regulatory status exceeds FinCEN's guidelines might raise apprehensions regarding the platform's adherence to legal and regulatory standards, potentially affecting user trust and confidence.
Limited selection of cryptocurrencies: Rockitcoin offers access to only six cryptocurrencies, which may limit users' ability to diversify their portfolios and trade lesser-known digital assets.
The regulatory situation of the RockItCoin exchange is as follows:
- Regulatory Agency: The exchange is regulated by the Financial Crimes Enforcement Network (FinCEN).
- Regulation Number: The regulation number for RockItCoin is 31000177360234.
- Regulation Status: According to the information provided, the exchange has exceeded the regulatory requirements set by FinCEN.
- License Type: RockItCoin holds an MSB license (Money Service Business license).
- License Name: The name of the license held by RockItCoin is RockItCoin, LLC.
RockitCoin offers a convenient mobile app available for download on both iOS and Google Play, allowing users to access their accounts and trade cryptocurrencies on the go. To download the app, simply visit the App Store for iOS devices or Google Play Store for Android devices, search for “RockitCoin,” and follow the prompts to install it on your device.
The mobile app provides several advantages over the website, including enhanced accessibility and portability. Users can conveniently manage their accounts and execute trades from anywhere using their smartphones or tablets, without the need for a desktop or laptop computer. Additionally, the app may offer features optimized for mobile usage, providing a user-friendly trading experience tailored to mobile devices.
On the other hand, the website version of RockitCoin may offer a more comprehensive set of features and functionalities, including advanced trading tools, market analysis, and account management options. While the website may provide a more robust trading experience for users who require additional features, the mobile app offers greater flexibility and convenience for users who prefer to trade on the go. Ultimately, users can choose the platform that best suits their trading preferences and needs.
Bitcoin ATM: RockitCoin operates a network of Bitcoin ATMs across the United States, allowing users to conveniently buy and sell Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Dogecoin (DOGE) with cash.
Online crypto purchases: Users can also purchase various cryptocurrencies directly through RockitCoin's website using bank transfers or debit cards.
Over-the-counter (OTC) trading: RockitCoin offers OTC trading services for larger transactions, facilitating the buying and selling of significant cryptocurrency amounts through a dedicated desk.
RockitCoin offers a selection of 6 cryptocurrencies.
Popular choices like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are available alongside Dogecoin (DOGE) and Polygon (MATIC), offering exposure to established and emerging projects within the cryptocurrency space. Additionally, Tether (USDT), a stablecoin pegged to the US dollar, provides users with an option to hedge against market volatility. This range of cryptocurrencies, while not exhaustive, for a set of user preferences and investment goals.
The registration process of RockItCoin can be summarized in the following steps:
1. Visit the RockItCoin website and click on the “BUY BITCOIN ONLINE” button to begin the registration process.
2. Provide your name and email address to get started.
3. Verify your email address by clicking on the verification link sent to your email. This step ensures the validity of your account and helps prevent unauthorized access.
4. Complete the KYC (Know Your Customer) process by providing necessary personal information such as your full name, date of birth, and address. This step is important for compliance with regulatory requirements.
5. Submit any required identification documents for verification, such as a copy of your government-issued ID or proof of address. This step helps to verify your identity and prevent fraudulent activities.
6. Once your account and identification have been verified, you can proceed to fund your account and start trading cryptocurrencies on the RockItCoin platform.
Visa card: Visa cards are widely accepted for payments and offer convenience and security. Users can use their Visa cards to buy cryptocurrencies on Rockitcoin, making transactions hassle-free.
Google Pay: Google Pay enables users to make payments securely using their Android devices. It offers fast and convenient transactions, allowing users to buy cryptocurrencies on Rockitcoin with just a tap on their smartphone.
Apple Pay: Apple Pay provides a secure and convenient way for users to make payments using their Apple devices. With Apple Pay, users can easily buy cryptocurrencies on Rockitcoin using their iPhones, iPads, or Apple Watches.
USAA: USAA is a financial services company that provides banking and insurance services to members of the military community and their families. Users with USAA accounts can use their banking services to purchase cryptocurrencies on Rockitcoin.
Wells Fargo Bank: Wells Fargo is a multinational financial services company that offers banking, investment, and mortgage services. Users with Wells Fargo accounts can use their bank accounts to buy cryptocurrencies on Rockitcoin.
Chime: Chime is a financial technology company that offers online banking services. Users with Chime accounts can use their banking services to purchase cryptocurrencies on Rockitcoin.
SoFi: SoFi is a personal finance company that offers a range of financial products and services, including loans, investments, and banking. Users with SoFi accounts can use their banking services to buy cryptocurrencies on Rockitcoin.
Mastercard: Mastercard is a leading global payments technology company that provides secure and convenient payment solutions. Users with Mastercard cards can use them to buy cryptocurrencies on Rockitcoin, enabling fast and secure transactions.
RockItCoin provides educational resources and tools to assist users in learning about cryptocurrencies and navigating the virtual currency market through a Blog page. Some of the educational resources offered by the exchange include articles, guides, and tutorials that cover various topics related to cryptocurrencies, such as blockchain technology, trading strategies, and security measures.
RockitCoin is the best exchange for traders seeking accessibility and simplicity. Its user-friendly interface and straightforward processes for beginners and casual traders looking to buy or sell cryptocurrencies with ease.
RockItCoin is also suitable for various trading groups due to its convenient and user-friendly platform. Here are some trading groups that may find RockItCoin beneficial:
1. Beginners: RockItCoin provides educational resources and tutorials that can help beginners learn about cryptocurrencies and start trading with confidence. The platform's intuitive interface and user-friendly features make it accessible for those new to virtual currency trading.
2. Diversification Seekers: With only four available cryptocurrencies, Rockitcoin may not be an optimal choice for diversification seekers aiming to build investment portfolio encompassing a broader range of digital assets within the dynamic cryptocurrency market.
3. Convenience Seekers: RockItCoin provides physical kiosks in various locations where users can make cash payments and easily buy or sell cryptocurrencies. This makes it convenient for those who prefer cash transactions or want to have physical interaction when trading.
4. Security-Conscious Traders: RockItCoin prioritizes security measures, such as encryption, 2FA, and cold storage, to protect user assets. Traders who value security will appreciate these measures and the platform's compliance with regulations.
5. Customer Support Dependents: RockItCoin offers customer support through Email, phone, contact us form, social media, and live chat, which can be valuable for those who rely on responsive and accessible support when encountering issues or needing assistance.
In conclusion, RockitCoin offers robust security measures to ensure the safety of users' transactions and accounts. Additionally, the platform supports over-the-counter (OTC) trading for added convenience.
Furthermore, RockitCoin provides rich educational resources to help users learn more about cryptocurrencies and trading strategies.
Q: How does RockitCoin work?
A: RockitCoin operates as a cryptocurrency kiosk network, providing physical locations where users can buy and sell cryptocurrencies using cash or other payment methods.
Q: Where can I find RockitCoin kiosks?
A: RockitCoin kiosks are located in various public locations, such as convenience stores, malls, and gas stations, across different cities and states.
Q: What cryptocurrencies can I buy and sell on RockitCoin?
A: RockitCoin primarily supports popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), but the availability of other cryptocurrencies may vary depending on the location and specific kiosk.
Q: What payment methods are accepted at RockitCoin kiosks?
A: RockitCoin kiosks accept cash as well as debit/credit cards for purchasing cryptocurrencies. Some kiosks may also support additional payment methods.
Q: Is there a limit on the amount of cryptocurrency I can buy or sell at RockitCoin kiosks?
A: Yes, each RockitCoin kiosk may have its own buying and selling limits, which can vary depending on factors like location and regulatory requirements.
Q: How can I contact RockitCoin customer support?
A: RockitCoin provides customer support through various channels, including email, phone, and online chat. Users can reach out to customer support for assistance with any questions or issues they may encounter while using the platform.
User 1:
“RockItCoin is a reliable and secure exchange. I appreciate their strong encryption and 2FA feature, which gives me peace of mind knowing that my funds are protected. The platform is also regulated by FinCEN, so I feel confident that my transactions are compliant with regulations. The interface is clean and easy to navigate, making it simple for me to trade my favorite cryptocurrencies. Customer support is responsive and helpful, addressing my inquiries promptly. The trading fees are reasonable, and I appreciate the variety of cryptocurrencies available for trading. Overall, I've had a positive experience with RockItCoin.”
User 2:
“I've been using RockItCoin for a while now, and I find it to be a user-friendly platform. The interface is intuitive, allowing me to easily buy and sell cryptocurrencies. The liquidity is decent, ensuring that I can execute my trades quickly and efficiently. The selection of cryptocurrencies available is good, allowing me to diversify my portfolio. Customer support has been helpful whenever I've encountered any issues or needed assistance. While the trading fees are reasonable, I would appreciate more transparency in terms of fee structures. The deposit and withdrawal speeds are satisfactory, and I haven't experienced any major delays. Overall, I find RockItCoin to be a stable and reliable exchange for my crypto trading needs.”
There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.
It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.
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