Your money is safe with BUX as it is protected through the segregation of assets.
This means that BUX’s liabilities are completely separated from your assets.
All our users' funds are held by Stichting Custodian BUX (SCB) in an ‘omnibus account’. The SCB acts as legal owner of the cryptocurrencies and fiat currencies. The assets of SCB are legally segregated and as such protected from insolvency of the BUX company.
The cryptocurrency exchange and wallet provider services are offered via BUX Crypto from BUX Alternative Investments B.V.. BUX Alternative Investments B.V. has a registration with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises BUX Alternative Investments B.V.’s compliance with the Money Laundering and Terrorist Financing (Prevention) Act (Wwft) and the Sanctions Act 1977 (Sanctiewet 1977). BUX Alternative Investments B.V. is not under prudential supervision by DNB or under conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and no specific financial consumer protection.