Key Data

• Trading Name: Kvitum
• Legal Entities: Moneyguardian Sp. z o.o.
  
• Activities: Digital wallet provider, payment processor
  
• Location: Poland (Warsaw)
  
• Regulations: no authorization
  
• Key People: Oleksandr Bondarenko
• Latest news: Kvitum
• Latest update: July 16, 2024

Background

Kvitum is the trading name of Moneyguardian Sp. z o.o., registered in Warsaw, Poland, which is managed by the Ukrainian citizen Oleksandr Bondarenko as director.

Offering

Kvitum operates as a payment processor and exchange in the high-risk area. Its offerings include purchasing cryptocurrencies with FIAT and wallet-to-wallet transfers in FIAT and crypto.

Deposits are possible in both FIAT and crypto, whereby bank transfers can only be made via banks in Kazakhstan. Binance Pay is also available for FIAT deposits.

Kvitum requires a successful KYC check to activate most functionalities and to remove transaction limits.

Compliance Check

Kvitum has no known license to operate as a payment processor. We discovered the company as a payment processor in the high-risk area of illegal online casinos.

Rating Conclusion

Due to the lack of authorization and the facilitation of illegal online casinos as a payment processor, we have placed Kvitum on our Red Compliance and Red Risk list.