BaFin Warns Against NC Wallet Over Unauthorized Services

On August 19, 2026, BaFin published a consumer notice regarding the websites zafiroco(.)cr/de and ncwallet(.)net/de as well as the NC Wallet app. The regulator found that the operators of these platforms offer financial services without the required authorization.

BaFin is investigating the unknown operators behind the sites and warns against their offerings, citing Section 10(7) KMAG, which allows the regulator to inform the public about providers operating without authorization.

The notice highlights a key concern for users: the provider's true identity is not established, making it difficult for users to reach their money in case of disputes. NC Wallet is classified as a custodial wallet, meaning that the provider holds the private keys to the crypto-assets, rather than the user having exclusive control.