Any feedback about "Transactive" ?

[Blackcrypto]

Hello guys,

Any review/feedback about "Transactive Group"

Thanks​

 

[Blackcrypto]

please any feedback ?? ?

 

[Sols]

Transactive provide high-risk financial institutions like Migom Bank and Macropay with account and processing services.

Be careful with them.

 

[Blackcrypto]

Transactive provide high-risk financial institutions like Migom Bank and Macropay with account and processing services.

Be careful with them.

Hey! thank you for your feedback
"Be careful with them" why? Have you heard anything about them?

 

[GlobalConsult]

And why should to be careful?

They have an e-money license in the UK and LT and also offer SEPA loading for various cryptoexchangers such e.g. KuCoin,

 

[Sols]

"Be careful with them" why? Have you heard anything about them?

I wouldn't store wealth with them. Use them to receive funds but move them elsewhere.

They have a clientele that will eventually attract regulatory attention. If there is anything they aren't doing properly, you don't want to risk having your funds stuck during an audit.

 

[lostguy]

I wouldn't store wealth with them. Use them to receive funds but move them elsewhere.

General rule to apply for all EMI's - the money can go through but should not be stored there.

 

[brunelloch]

General rule to apply for all EMI's - the money can go through but should not be stored there.

Can you elaborate here a bit more. From the security perspective, would not you be safer and better off to hold your money with EMI rather than a traditional bank?