Zumo Financial Services Limited (Note: we have recently changed our name from Blockstar Developments Limited) has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business, pending the determination of our application by the UK Financial Conduct Authority (FCA). You can find out about the view of the Bank of England on cryptocurrency here:
Nothing on our Zumo Financial Services Limited (trading as Zumo) website, app or in any other material or communication from us is intended to imply that holding cryptocurrency is low-risk or risk-free, and we do not offer nor will we give any advice or recommendation on investments in cryptocurrency or otherwise. There can be no assurance that any cryptocurrency, or other digital asset is or will be viable, liquid, or solvent. They are speculative instruments and involve a substantial degree of personal risk for those who hold them, including the risk of complete loss of capital with no legal recourse. Copyright ©, 2021 Zumo Financial Services LimitedĬryptocurrencies are an unregulated financial product. Zumo Financial Services is now registered with the Financial Conduct Authority’s list of Registered Cryptoasset firms (reference number 901033). ZUMO is a registered trade mark of Zumo Financial Services Limited (EU TM Reg No 17996331) Transactions are secure, as they are cryptographically signed. A blockchain wallet helps someone exchange funds easily.
#How to fund blockchain wallet registration
Zumo Financial Services Limited (trading as Zumo) is registered with the Information Commissioner's Office with registration number ZA557459. A blockchain wallet is a cryptocurrency wallet that allows users to manage different kinds of cryptocurrenciesfor example, Bitcoin or Ethereum. This is used to access the funds stored in the wallet. Limits apply.Zumo is a trading name of Zumo Financial Services Limited, a company registered in Scotland with company registration number SC583644 and with its registered office at Suite 2, Ground Floor, Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS. Read our step-by-step guide to choosing a cryptocurrency wallet thats right for you and compare. Buying, selling, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law.Ģ Purchase Protection is available on eligible purchases. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Consider seeking advice from your financial and tax advisor.Īll custody of and buying and selling in cryptocurrency is performed for PayPal by its licensed service provider, Paxos Trust Company, LLC.īuying, selling, and holding cryptocurrencies is not regulated in many states, including the State of California. PayPal does not make any recommendations regarding buying or selling cryptocurrency. Please see our disclosure here for more details. Learn more about cryptocurrency fees.īuying and selling cryptocurrency is subject to a number of risks and may result in significant losses. Moreover, a cryptocurrency wallet, which can be used to transfer funds.
The exchange rate includes a spread that PayPal earns on each purchase and sale. Bitcoin () is a decentralized digital currency, without a central bank or single.
When you buy or sell cryptocurrency, including when you check out with crypto, we will disclose an exchange rate and any fees you will be charged for that transaction.
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