Meta Transaction is one of the new crypto trends in Africa. Like several other online businesses, it promises high investment returns, which is why many people are persuaded to join. In this article, we help you understand the legitimacy of Meta Transaction so that you can either continue investing or flee as fast as you can.
What is Meta Transaction?
Meta Transaction is a cryptocurrency trading accessory. This means that it is not the main trading tool. You will need a trading account such as Binance, and then you can add an accessory such as Meta Transaction because of its benefits. Just like uTrading is an accesory that serves a purpose different from Meta Transaction.
When participating in Cryptocurrency trading, you are required to pay what they call gas fees or transaction fees. Without paying these fees, your Crypto transaction cannot be verified. It is at this point where Meta Transaction comes in, it can help you trade without paying the transaction fees. I think this sounds good, who wouldn’t wish to avoid the gas fees?
Is Meta Transaction Licensed?
First and foremost, Meta Transaction is not a Ugandan company. It is a company that is registered and licensed under the United States Money Services business. (MSB) Their license number is 31000212428588. On top of the USA license, they are also licensed in Australia under the Australian Securities and Investments Commission (ASIC). This means that they are a credible company with jurisdiction in USA and Australia.
Is Meta Transaction in Uganda Legit?
The short answer, Meta Transaction in Uganda is a scam that has not yet burst but it will in due time. Allow me give you the details.
Every country has it laws governing investment and currencies. In the case of Uganda, there is no law governing anything to do with Crypto currencies. You are free as a Ugandan to participate in Crypto trading but in case there is any backlash, there is no law that will protect you or offer a place for mitigation.
Meta Transaction is licensed in United States of America and Australia. As a Ugandan, chances are very low that you will get an opportunity to go to these countries to even argue your case. On top of that, even if you succeeded, chances are high that you never dealt with Meta transaction directly, you simply dealt with a middle man who contacted Meta transaction on you behalf. This means that if this individual who is trading on your behalf wakes up one morning and just chooses to disappear, there is no way you can argue your case.
As earlier shared in other scam related posts, everyone who invests money on behalf of people in Uganda is required to have a Capital Markets Authority certificate. Meta Transaction is not one of those companies permitted to invest on behalf of Ugandans.
Recommendation
Flee from Meta Transaction as first as you can. If you can still get your money back, please get it back. The team leaders are not accountable to anyone by law. If they take your money, it will be hard to even trace them. Therefore it will be wise to avoid Meta Transaction Uganda. Please note, Meta transaction can be seen in several other African countries but you should not let this fool you. They have nothing to present regarding licensing in these African countries. They can get you money at the start but like several other online scams but once they have enough money, they will disappear.
My view just wanted to know meta transmission in Uganda how is ascarm
It is not a registered and licensed business in Uganda. The moment the government gets its hand on them, it is their clients who suffer. But even when it is not a government issue, they can close at any time like Century Ranch or BF Ranch and the others
This sunny 256 is a very hopeless man we have been doing this business since 2022 and they have never scammed us why do you mislead people. if you don’t like something don’t spoil it to the public just because you have social media followership. since 2022 up to date why haven’t they scammed us, the business began way back in 2007. If you don’t have what to tell the public keep quite.
The business is legit.ne
Dear Nelly
Thank you for your heartfelt feedback. When you ask me why they have not yet scammed you! The answer is simple, the government has not called them to account the same way they did with Capital Chicken. For you to do investment business in Uganda on behalf of the public, you need a CMA license. Short of that, your business is considered a fraud whether you have scammed people or not. That was my earlier submission and it still remains unchanged.
how much money is required to start meta transaction
25 usdt and above
Use 3551141 as promo code
What about now ??
I express gratitude for the help in this question.
You have hit the mark. Thought excellent, I support.
Clear the person who wrote this article is as less informed about crypto as the Ugandan government…..as long as a company has registered under a powerful economy it uses its influence in foreign countries to build a wider capital base so as to expand there portfolio…..they forgot to update there system with the introduction of AI to trade instead of incompetent individuals….thus isn’t BQLM….RELAX and before you ashame yourself first understand how crypto works.
Finally, Meta Transactions disappeared with people’s money. People were warned but the leaders in Uganda were too foolish and brushing off these warnings. Too bad to all the Ugandans who were scammed billions of shillings…
I was among those who loss there money, with meta transaction, around, 134 by December 27, 2024 , and then all the rest by 03-feb-2025