Fiatwallets (fiatwallets.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 167 City Road London Greater London United Kingdom EC1V 1AW This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fiatwallets.com.
I trusted Fiatwallets (fiatwallets.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Wide product range|Stable platform|Quick verification|Responsive team
Cons: Search feature is basic
My withdrawal request from Fiatwallets (fiatwallets.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Educational resources|Smooth onboarding
Cons: Would like more payment methods
Fiatwallets (fiatwallets.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-currency support|Stable platform|Easy to use platform|Regular platform improvements
Cons: Minimum deposit could be lower
KYC with Fiatwallets (fiatwallets.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Smooth onboarding|Clean UI|Customizable dashboard
Cons: Help articles are sometimes vague|None so far