If you check the Enkuu website, you’ll be appalled. It looks like a child made it without tools, features, or any relevant information. As such, it’s an immediate red flag.
Before we move on with this detailed Enkuu review, we want to say one thing. This exchange doesn’t deserve your trust.
Enkuu is not a legitimate crypto exchange. In fact, it’s entirely anonymous. The website has no legal documents and says nothing about the headquarters or the official owner. Of course, there’s no mention of the regulation either.
Most crypto companies play on the fact that the digital coin market was unregulated once it was created. Today, however, all the companies providing crypto exchange services must be duly regulated, and their business must be registered in the country of service.
In a vain attempt, we searched through the database of FCA, ASIC, BaFin, and other Tier 1 authorities. However, our search yielded no results, proving that Enkuu has no business license. This should be more than enough to dissuade you from investing in the Enkuu scam.
More often than not, such companies are advertising immense returns. Of course, this is all bogus. Depending on whether you trade or stake coins, the returns vary from 1.8% daily to over 2%. It’s a bit too much, especially with an anonymous company.
Instead of trusting companies like Enkuu and DeFi6, you should find a genuine crypto exchange. This is the only way to keep your money safe.
According to website traffic analysis, Enkuu fraud is mainly targeting the following countries:
All these countries have their respective crypto regulators and laws set in place to protect investors. Since our exchange in question follows none, we cannot expect compensation for investors who lose money. This is why our specialists offer free consultation and case investigation.
Enkuu login is only possible through a web browser. The company offers WebTrader with no special tools. You can review the assets and open and close trades. While crypto exchanges often don’t provide third-party software such as MetaTrader or cTrader, some of them are trying to be competitive by designing their own platform with unique features.
What’s odd for a crypto provider, Enkuu doesn’t mention mobile apps for Android or iOS. Therefore, we’re unsure if you can download apps and how.
The company advertises two types of trading assets:
Trading digital assets can be quite lucrative but under controlled conditions. With the Enkuu exchange, we have no information about fees, leverage, or other trading terms. Therefore, the company can easily deduct all your profit under the name of non-existing costs and taxes and let you lose your capital.
Besides trading, the exchange advertises staking, mining, and coin transfer. They say to offer 1.8-2% daily for USDT staking, with a starting amount of 3,000 USDT or 10,000 USDT.
As for other services, they’re also done in USDT, meaning it’s the main currency of the exchange. Once again, we want to remind you that this company is not authorized to handle clients’ funds.
Based on the impression we got on the website, the only way to request Enkuu withdrawal is via crypto. You need to specify the amount in USDT and the wallet, then ask for a transfer.
This is not unusual, but it means that you need another wallet that will allow you to convert digital coins to fiat currency and transfer it to your bank account or a credit card. Furthermore, it means that all transactions are encrypted on blockchain and that you may have difficulty proving whether you received the profit.
If you find yourself at a loss because you’ve been dealing with Enkuu, let us know. Global Fraud Protection has dedicated chargeback experts and CipherTrace crypto analysts to evaluate your case in detail. Once we understand all the specifics, we can offer you the best possible solution for your situation.
Don’t hesitate to fight against online scams. Book a free consultation today, and let’s prepare a detailed report for the relevant authorities.
Enkuu is an unregulated crypto exchange. If you have been scammed or cannot withdraw your money, we might be able to assist. Book a free consultation today.
Enkuu didn’t specify how much money you need in order to open an account.
Enkuu provides its investors with a basic browser-based platform without special features.
The post Enkuu Review: An Exchange That Doesn’t Deserve Your Trust appeared first on Global Fraud Protection.