Mogo (TSX: MOGO) (NAsdaQ: MOGO) is a digital platform that helps consumers manage their financial health. The company offers products and services including free credit monitoring, a credit builder product, a digital wallet, and a bitcoin buying and selling service.
Mogo is a public company and is listed on the Toronto Stock Exchange and NAsdaq. The company has a market capitalization of CAD $534 million.
Mogo was founded in 2003 by David Feller and Bruce Croxon. The company is headquartered in Vancouver, Canada.
Mogo has approximately 1.5 million members.
Mogo’s products and services are available in Canada, the United States, and Europe.
NOTE: WARNING: Purchasing Bitcoin through Mogo is not without risk. Before engaging in any Bitcoin purchase or transaction, it is important to be aware of the potential risks associated with using Mogo as a platform. These risks include the potential for the Mogo platform to be hacked, or stolen from, as well as the risk of being subject to fraud. Additionally, users should be aware that there is no guarantee that the price of Bitcoin purchased on Mogo will remain consistent over time and should be aware of the potential for market volatility. It is important to do your research and understand all associated risks before purchasing Bitcoin on any platform.
Mogo has partnered with Equifax Canada, TransUnion Canada, and Experian Canada to provide credit monitoring services to its members.
Mogo’s credit builder product helps members improve their credit score by making on-time payments to Mogo each month. Members can also use Mogo’s digital wallet to store and spend their money using a Mogo Visa* Platinum Prepaid Card.
Mogo’s bitcoin buying and selling service allows members to buy and sell bitcoin using their Mogo account. Mogo does not currently offer cryptocurrency mining or trading services.
At this time, we cannot recommend Mogo as a safe place to buy Bitcoin. While the company appears to have a solid reputation overall, there are some concerns about its involvement in the cryptocurrency space. Specifically, we are worried about the lack of information available about the company’s bitcoin buying and selling service.
Moreover, we are concerned that Mogo does not offer any cryptocurrency mining or trading services at this time. As such, we believe that there are better places to buy Bitcoin right now.
10 Related Question Answers Found
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
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