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Topic: Cat.ex exchange? (Read 242 times)
Was following NWC token which was listed on their exchange, so thanks to everyone for sharing their opinion.
Yeah, i have a bit experience with Cat.Ex exchange for trading with a few altcoins. This exchange is so much familiar but something wrong happened with trading volumes it’s really looking fake figure according to coinmarketcap data it’s very suspicious. If some scam accusation is already created but there are valid proofs i think. Even i used it many times without any single problem. You can use it i hope you will never face in any trouble. But i am just confusing about how much it’s real volume.
I first thought where do people find these funny exchanges, then headed directly to CMC and yes, there it was with a $440 million 24H trading volume.
Just look at this phony trading activity;
ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H
That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.
Just look at this phony trading activity;
ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H
That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.
Unusual trading activity with 24-hour volume and this is in the TRX pair, and what I know is greater in 24-hour volume exchange is the average BTC and ETH pair but Catex exchange uses TRX to increase the fake volume they make.
Maybe they are doing the pump themselves and keep their native tokens alive in this bearish market? I may have crossed path of this exchanges before but I also never used them probably because they are not well know at that time.
The only native token success story is BNB and that's why I'm quite surprised to see them doing good as well. But we can't discount the fact that it could be fake volumes, just to get them above waters because of the worsening alt market conditions.
The only native token success story is BNB and that's why I'm quite surprised to see them doing good as well. But we can't discount the fact that it could be fake volumes, just to get them above waters because of the worsening alt market conditions.
I have never used their exchange. I remember seeing a thread about them in my local forum. They have their own native token that they use to pay out dividends to their members. Like with all the other native exchange tokens you can take advantage of lower fees when you use their token, standard stuff.
They are listed on CMC and looking at the charts they aren't doing that bad compared to many other alts that are getting slaughtered. They are up 56.45% from the date of their listing.
They are listed on CMC and looking at the charts they aren't doing that bad compared to many other alts that are getting slaughtered. They are up 56.45% from the date of their listing.
I think a volume at the exchange place can all be made by yourself and that means this volume is no longer a sure thing because it can be used to be a market strategy when the volume is high so many investors will start to be interested in the place of exchange and many will trade there.
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
I haven't tried Cat.ex exchange yet and will probably not try it very soon because that is another exchange which is doubtful for me. I mean they do not have a bad reputation over this forum such as scam accusation, slow or no support, not being able to withdraw or held token or coin, and so on, but their 24-hour volume of $434,859,514 USD or equivalent to 54,631BTC is already an indication that they are not being honest. I don't believe such figures in an unknown exchange like cat.ex.
I first thought where do people find these funny exchanges, then headed directly to CMC and yes, there it was with a $440 million 24H trading volume.
Just look at this phony trading activity;
ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H
That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.
Just look at this phony trading activity;
ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H
That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.
Catex is not a SCAM exchange because I see a lot of tokens that enter Catex exchanges
So just because they list a lot of tokens they are not a scam exchange according to you? An exchange wants to draw as many people as possible to their exchange, from there it only makes sense they list a wide variety of tokens.I have to do a bit more research to figure out how many of the complaints and scam accusations seem real and not made up by a competing branch, but the reason you state for an exchange to not be a scam is just hilarious, really.
Overall, the thing with these lesser known exchanges is that I wouldn't feel comfortable using them, so I will stick to the reputable exchanges that have been in the business for years.... better safe than sorry.
Indeed, I see several projects listed tokens on Catex, I think it is not a real that fraud, why am I talking like this because I have used Catex as a trade even though not too long ago, yes, the meaning that I feel is there is no risk in Catex exchange if someone else I do not what his opinion about Catex.
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
Do you mean Catex.io?Not sure about the volume. But, I have experience there : of course the trading competition was legit. My problem was about the team. There was a bounty campaign about this exchange and it was managed very bad. The team trying to use the name of Bountyhive in order to make the exchange looks good( at that time, most people thought that's good to join and follow a project managed by Bountyhive). In fact, Bountyhive was not associated with them.
The trading competition and the volume may be legit but the team are close to be scammer.
So to be safe, don't go there... there are a lot better exchanges already no need to find others.
Catex is not a SCAM exchange because I see a lot of tokens that enter Catex exchanges
So just because they list a lot of tokens they are not a scam exchange according to you? An exchange wants to draw as many people as possible to their exchange, from there it only makes sense they list a wide variety of tokens.I have to do a bit more research to figure out how many of the complaints and scam accusations seem real and not made up by a competing branch, but the reason you state for an exchange to not be a scam is just hilarious, really.
Overall, the thing with these lesser known exchanges is that I wouldn't feel comfortable using them, so I will stick to the reputable exchanges that have been in the business for years.... better safe than sorry.
I have never used their exchange. I remember seeing a thread about them in my local forum. They have their own native token that they use to pay out dividends to their members. Like with all the other native exchange tokens you can take advantage of lower fees when you use their token, standard stuff.
They are listed on CMC and looking at the charts they aren't doing that bad compared to many other alts that are getting slaughtered. They are up 56.45% from the date of their listing.
They are listed on CMC and looking at the charts they aren't doing that bad compared to many other alts that are getting slaughtered. They are up 56.45% from the date of their listing.
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
cat-ex exchange I see is good to be used as an option, but right now for cat-ex still can not be used as an exchange with a large volume. because if you see the paint-ex is a new exchange that still does not have much significant development. but the potential for cat-ex exchange will be good if there is overall development Ann thread: Catex Exchange - 80% Profit Sharing Platform.
Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
Catex is not a SCAM exchange because I see a lot of tokens that enter Catex exchanges, there are indeed many pairs, but although a little volume I think is real volume, it also takes time to see large volumes like other exchanges.
Ann thread: Catex Exchange - 80% Profit Sharing Platform.
Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
Now this will make you think if the exchange is legit, why would sacrifice your funds in a new and shady exchange when there are better exchanges to choose in the space. Well unless if your token are not listed anywhere you don't have a choice or you can try DEX, but as much possible stay away from exchanges that raise your suspicion. Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
Ann thread: Catex Exchange - 80% Profit Sharing Platform.
Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
Official rep: Catex.io
Scam accusation: SCAM ALERT! Suspended of accounts by CATEX.IO
As far as https://coinmarketcap.com/exchanges/catex/ goes, lots of trading pairs, but there is little volume, meaning liquidity is questionable.
New exchanges require time to develop their services, many say Catex has a fake trading volume. but so far I have seen them have a number of new token votes there.
I guess they applied a low fee for new token listings.
I guess they applied a low fee for new token listings.
I have used Catex exchange when I sold CAT tokens as a result of prizes, in my opinion there is no problem with Catex exchanges and that is a valid volume, I exchanged with CAT to ETH at the time of withdrawal and deposit is also very short and does not wait long.
So far I dont see any problem in this exchange site but we cannot know the flow of the market this is the firsttime I used this exchange site I try todeposite and exchange my cat token to see if its legit and Yes I exchange it and withdraw but it needs a good marketing strategy to attract more user.
Cat.ex seems like another transaction mining exchange similar to what BitMax.io was, and if the system they've got implemented is similar to that of Bitmax's, then a large amount of the reported volume on the site probably isn't completely legitimate depending on how you view transaction mining, which is a system that encourages people to generate large trading volumes for rewards (one of the reasons why the exchange could gain such a high reported volume a few months ago).
Either way, it's a relatively new exchange that seems to have started up sometime in late 2018 or early 2019. It's certainly not as reputable as other larger and older exchanges out there, and as others have mentioned, I suggest using more well-established sites for trading. If you choose to use this particular site, only deposit what you can afford to lose and keep funds on exchange for as little time as possible.
Either way, it's a relatively new exchange that seems to have started up sometime in late 2018 or early 2019. It's certainly not as reputable as other larger and older exchanges out there, and as others have mentioned, I suggest using more well-established sites for trading. If you choose to use this particular site, only deposit what you can afford to lose and keep funds on exchange for as little time as possible.
I don't have any information about this exchange. What I found is
Is this the same Exchange? I don't know why would anyone use unknown exchange if there's so many exchange out there which are more reputable than this?
So, on January Catex Exchange has launched its bounty campaign in this thread and been running until April 19th. This bounty has been managed by member of a popular bounty website, BountyHive, it's vipganyan. I thought he was a great campaign manager and decided to join the campaign and support the project.
On that day, it was mentioned that bounty would end on April 19th and token distribution will end latest on May 20th. But then when the bounty was running for few weeks, the manager changed the date of distribution to July 20th (latest). I was quiet disappointed but stayed calm as it's normal, they might need time to deliver anything. Spreadsheet was updated well for first few weeks and then the manager turned to a lazy guy who never update the spreadsheet anymore until end of campaign.
I felt like I was scammed once the manager locked the campaign thread and campaign spreadsheet then asked 20 days to calculate everything, such as unprofessional person. But still, I remained to calm. When 20 days passed (on May 10th), spreadsheet wasn't updated, still unlocked and I had no idea why. People asked about it on official telegram group and the team told them to ask directly to the manager or put their question on the thread (which is locked). Unfortunately, the manager is not responsive (perhaps he was enjoying bunch of money from managing the campaign) and the team kept telling people to address their bounty related questions to the unresponsive manager or they would get banned from the group and bounty campaign.
People started to think that bounty manager has scammed them and the team told them that it can't be true because the campaign is managed by reputable company (BountyHive). In fact, The manager just a member of BountyHive and he said this campaign is not BountyHive campaign, but a bitcointalk campaign (So his reputation would affect BountyHive). I tend to think that the manager has scammed Catex team by telling them on behalf of BountyHive (BountyHive team has confirmed that Catex campaign wasn't under their management).
So here, I hope we can get clarifications both from Catex Exchange team and the bounty manager. Also, for BountyHive, make sure you hire a professional person to work with and not a person who will just use your name to rob people's time and money.
Important Links
Catex ANN : https://bitcointalksearch.org/topic/anncatexio-transaction-mining-exchange-105trans-mining-fees-returned-5099776
Catex Bounty : https://bitcointalksearch.org/topic/bounty-catex-platform-transaction-mining-exchange-250k-usd-to-share-5099778
Catex Telegram Group : https://t.me/catex_group
Bounty Manager Telegram : https://t.me/FatihBHive
Bounty Manager Bitcointalk Profile : https://bitcointalksearch.org/user/vipganyan-1548994
On that day, it was mentioned that bounty would end on April 19th and token distribution will end latest on May 20th. But then when the bounty was running for few weeks, the manager changed the date of distribution to July 20th (latest). I was quiet disappointed but stayed calm as it's normal, they might need time to deliver anything. Spreadsheet was updated well for first few weeks and then the manager turned to a lazy guy who never update the spreadsheet anymore until end of campaign.
I felt like I was scammed once the manager locked the campaign thread and campaign spreadsheet then asked 20 days to calculate everything, such as unprofessional person. But still, I remained to calm. When 20 days passed (on May 10th), spreadsheet wasn't updated, still unlocked and I had no idea why. People asked about it on official telegram group and the team told them to ask directly to the manager or put their question on the thread (which is locked). Unfortunately, the manager is not responsive (perhaps he was enjoying bunch of money from managing the campaign) and the team kept telling people to address their bounty related questions to the unresponsive manager or they would get banned from the group and bounty campaign.
People started to think that bounty manager has scammed them and the team told them that it can't be true because the campaign is managed by reputable company (BountyHive). In fact, The manager just a member of BountyHive and he said this campaign is not BountyHive campaign, but a bitcointalk campaign (So his reputation would affect BountyHive). I tend to think that the manager has scammed Catex team by telling them on behalf of BountyHive (BountyHive team has confirmed that Catex campaign wasn't under their management).
So here, I hope we can get clarifications both from Catex Exchange team and the bounty manager. Also, for BountyHive, make sure you hire a professional person to work with and not a person who will just use your name to rob people's time and money.
Important Links
Catex ANN : https://bitcointalksearch.org/topic/anncatexio-transaction-mining-exchange-105trans-mining-fees-returned-5099776
Catex Bounty : https://bitcointalksearch.org/topic/bounty-catex-platform-transaction-mining-exchange-250k-usd-to-share-5099778
Catex Telegram Group : https://t.me/catex_group
Bounty Manager Telegram : https://t.me/FatihBHive
Bounty Manager Bitcointalk Profile : https://bitcointalksearch.org/user/vipganyan-1548994
Is this the same Exchange? I don't know why would anyone use unknown exchange if there's so many exchange out there which are more reputable than this?
Crypto-exchange checkers won't just scrap random data somewhere so there is a valid source.
As long as it is not CMC then that's true. CMC scrapper is terrible. They even list Vindax as the top exchange with a distinct wash trading.
I'd instead use Coingecko, their Trustscore is reliable, at least for now. It tracks the order book depth so you'll know the liquidity and not the (fake) adjusted volume.
Yes, I got the picture. That's why I suggested to OP to make a comparison at each of those site checkers to somehow make his own evaluation about the exchange he is asking. In that way, he will not just rely on the much popular CMC in terms of checking volume concerns.
I also preferred to used Coingecko compare to CMC nowadays.
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
no idea about this exchange never heard and use it before.About the 24 volume and trading pair you can check it here https://www.coingecko.com/en/exchanges/catex?utm_content=catex&utm_medium=search_exchange&utm_source=coingecko
Upon finding information about them, I landed on ANN thread here in the forum which they were actually dong bounty campaign where they paid CATT tokens to their participants. Unsure what happened but they already lock the ANN thread but they are also offering daily dividends to the holders of the coins just like the new exchange projects concept like Vitex. Interesting they are not actually the first to have offered dividends to token holders. My guess is that the holders of CATT are trading there.
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
no idea about this exchange never heard and use it before.About the 24 volume and trading pair you can check it here https://www.coingecko.com/en/exchanges/catex?utm_content=catex&utm_medium=search_exchange&utm_source=coingecko
The catex.io exchange, if you are referring to it, looks kind of sketcy and as you've noticed the volume looks kind of big for a less popular exchange. I'm not a fan of the platform design, it looks cheap and made-in-china if you will.. The trading fee is competitive, 0.10% but it's fixed and you don't get it lowered by having more trading volume. That's a minus. The withdrawal fee is decent, I don't complain about that. I have a rule: if the exchange has a "dice" game integrated into it I'd stay away from it. Are you a casino or a trading platform? Extremely unprofessional..
I recently learn about this exchange when I tried looking into the volume of TRX, I found out its volume are mostly coming from the pairs in Cat.Ex. Check this out https://coinmarketcap.com/currencies/tron/#markets
Don't know how this exchange got the trust from users but thats it, I'm not sending documents to another exchange so I'll stick to the current I'm using.
Don't know how this exchange got the trust from users but thats it, I'm not sending documents to another exchange so I'll stick to the current I'm using.
There are 8 TRX pairs available on Cat.ex, maybe that's why many investors turn to Cat.ex and start trading TRX there, but many also say that Cat.ex is a real exchange, but until now I still haven't try it.
I recently learn about this exchange when I tried looking into the volume of TRX, I found out its volume are mostly coming from the pairs in Cat.Ex. Check this out https://coinmarketcap.com/currencies/tron/#markets
Don't know how this exchange got the trust from users but thats it, I'm not sending documents to another exchange so I'll stick to the current I'm using.
Don't know how this exchange got the trust from users but thats it, I'm not sending documents to another exchange so I'll stick to the current I'm using.
Crypto-exchange checkers won't just scrap random data somewhere so there is a valid source.
As long as it is not CMC then that's true. CMC scrapper is terrible. They even list Vindax as the top exchange with a distinct wash trading.
I'd instead use Coingecko, their Trustscore is reliable, at least for now. It tracks the order book depth so you'll know the liquidity and not the (fake) adjusted volume.
...and are the trading competitions legit?
Do you mean this? 50,000 NewsCrypto (NWC) trading competition coming
For this trading competition, you will need decent funds to compete. If you have some coins already deposited on that exchange, it's worth to try. But if you are just a newcomer and just want to use the exchange because of the competition, I think it's not a good idea unless you understand the risks. About the legitimacy, they are legit* but for the competition, no one knows if there are flaws in the process.
Any insight information about their real volume..
As for the volume, I can fairly say that is decent. You can check their exchange stats on some of the site checkers and do some comparison by yourself.
Crypto-exchange checkers won't just scrap random data somewhere so there is a valid source.
I have used Catex exchange when I sold CAT tokens as a result of prizes, in my opinion there is no problem with Catex exchanges and that is a valid volume, I exchanged with CAT to ETH at the time of withdrawal and deposit is also very short and does not wait long.
You meant catex.io right? If so, I could barely find any reviews concerning this exchange.
Here's the thing. There are already a good number of reputable altcoin-heavy exchanges that we could use(Binance, OKEx, Huobi, etc). So unless this exchange has a certain coin/token that you want to trade but other reputable exchanges don't have that coin/token yet, why are you looking for a new one?
Here's the thing. There are already a good number of reputable altcoin-heavy exchanges that we could use(Binance, OKEx, Huobi, etc). So unless this exchange has a certain coin/token that you want to trade but other reputable exchanges don't have that coin/token yet, why are you looking for a new one?
Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?
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