Matbea.com Exchange Review:  Is A Safe Exchange or a Scam?

About Matbea.com

Starting from 2013, Matbea.com Cryptocurrency Exchange is trying its best to earn the trust from the community. Despite that, users hasn’t yet rated or reviewed broker. Have you ever used the matbea? If you did, please spend a minute to leave your valuable feedback, they really appreciate it and put trust on you. Thanks! Despite the fact hadn’t yet collected enough data to list these guys among the rest of the approved exchange services.

A project had started up in June 2013. Despite the fact that they couldn’t find any information about the company that manages matbea.com site (and are not even sure if there’s a legal entity at all), they must say that it’s rather a usual practice for the “exchangers” from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.

Operating Company 

How To  Start With Matbea Cryptocurrency Exchange

To Start Trading With Matbea Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Matbea Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Matbea Cryptocurrency Exchange .

Fees & Limits at matbea

We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the “watch list”, while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with matbea is not yet set, and therefore we can’t state anything about the fees and purchase limits at this broker. Please accept our apologies!

Matbea account verification

Matbea.com broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like matbea operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You’ll get acquainted with the details during an order submission.

Supported countries

The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by matbea.com, it has no blacklisted geographies and no geo-restrictions

New P2P trading opportunities

P2P (peer to peer) trading allows buyers and sellers to interact and make transactions directly, without agents or intermediaries

A wide range of buyers and market prices

Matbea provides a consistently high trading volume for your orders and fully market-based pricing

A large number of payment instruments

P2P allows you to flexibly configure the methods of funds deposit / withdrawal. We are constantly adding new payment methods Russian payment systems are supported for users residing in Russia.

Flexible commission settings

P2P merchants can independently set interest rates on transactions. No fees required for transfers within the platform.

Your funds are in safe hands

Matbea.com use three-factor user authentication:
– SMS or email code
– Google Authenticator
– PIN code

They secure user personal data collection and storage by complying with the general data Protection Regulation GDPR.

They monitor the legality of transactions and comply with all international requirements regarding anti money laundering Policy (AML)

They use cold wallets