Aspect Information
Company Name: Namebase
Registered Country: United States
Year Of Establishment: 2019
Regulatory Authority: Unregulated
Number Of Cryptocurrencies Available: 20 +
Fees: 0.1%~ 0.2%
Payment Methods: Credit Card, Debit Card, Bank Transfer, Telegraphic Transfer And Cryptocurrency
Customer Support: Company Phone + 1 (857) 540-5647 Client Server Email Support@namebase.io
General Understanding Of Namebase
Namebase Is A Virtual Currency Trading Platform Located In The United States. It Was Founded In 2019 And Operates Without A Designated Regulator. Namebase Is The Registrar Of Handshake Domains And The Exchange Of Handshake Coins (HNS). It Supports BTC And HNS Deposits (as Well As USD Within 4 Weeks), BTC And HNS Withdrawals (and USD). It Has Been Registered As An MSB With Fincen. Namebase Customers Can Use Their HNS To Bid On And Use Handshake Domains.
Pros And Cons
Pros:
- Multiple Cryptocurrencies Available: Namebase Supports Multiple Cryptocurrencies, Giving Users The Opportunity To Explore And Invest In Different Digital Assets.
- Supports Multiple Payment Methods: Namebase Supports Multiple Payment Methods For Deposits And Withdrawals, Including Credit Cards, Debit Cards, Bank Transfers, Telegraphic Transfers, And Cryptocurrencies.
- 24/7 Customer Support: Namebase Provides 24/7 Customer Support Via Email, Phone, And Live Chat. This Enables Users To Get Timely Help And Resolve Any Questions Or Concerns They May Have.
Cons:
- Non-Normative: Namebase Is Not Regulated By Any Regulatory Body, Raising Concerns About Transparency And Regulation Of Exchanges.
- Limited Educational Resources: A Notable Drawback Of Trading Platform Namebae Is The Lack Of Comprehensive Educational Resources For Its Users.
Regulatory Authority
Namebase Is Not Regulated By Any Regulator, Which May Raise Concerns About The Transparency And Regulation Of Exchanges.
Unregulated Exchanges Lack The Oversight And Legal Protection Provided By Regulators. This Can Lead To A Higher Risk Of Fraud, Market Manipulation, And Security Bugs. Without Proper Regulation, Users May Also Face Challenges When Seeking Recourse Or Resolving Disputes. In Addition, Lack Of Regulation May Result In A Less Transparent Trading Environment, Making It Difficult For Users To Assess The Legitimacy And Reliability Of Exchanges.
Security
Namebase Prioritizes The Security Of The Platform And Takes Several Protective Measures To Protect User Assets. These Measures Include:
1. Encryption: Namebase Utilizes Encryption Technology To Protect User Data, Such As Personal Information And Transaction Details. This Helps Prevent Unauthorized Access And Data Leakage.
2. Two-Factor Authentication (2FA): Namebase Provides Users With The Option To Enable 2fa, Adding An Additional Layer Of Security To Their Accounts. This Authentication Method Requires Users To Provide A Secondary Verification Code Or Token In Addition To Their Password, Thus Reducing The Risk Of Unauthorized Access.
3. Multi-signature Wallet: Namebase Uses A Multi-signature Wallet That Requires Multiple Signatures Or Approvals To Authorize Transactions. This Adds Additional Protection Against Fraudulent Transactions And Unauthorized Fund Transfers.
Available Cryptocurrencies
This Namebase Trading Platform Offers Multiple Cryptocurrencies, Including Bitcoin, Ethereum, Solana, Cardano, Polkadot, Avalanche, Terra, Usd Coin, And Binance Coin. These Cryptocurrencies Are All Traded In US Dollars. In Addition, HNS Is Also Available On The Namebase Trading Platform.
