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Topic: Crypto Bad Exchanges - page 2. (Read 4724 times)

member
Activity: 742
Merit: 42
November 10, 2020, 07:12:29 AM
We have witnessed several cryptocurrency exchange controversies in the past months until now. And all those controversies is creating a bad reputation or image to an exchange which users caused them not to trust anymore. But we can see that some of those exchanges who's been in controversy solved their problem in just a matter of days or some weeks, and some never come back anymore. The most recent is the OKEx which is until now still hasn't resolved yet. So users who got affected still waiting.
member
Activity: 182
Merit: 10
November 10, 2020, 06:50:52 AM
I'm simply attempting to do my part, I realize many won't give it a second thought and some don't try to peruse any longer, they are only here for bounties, here is for the individuals who care about perusing and learning. Avoid the accompanying trades, I have an awful involvement in them as of now and I can even now observe not many individuals getting trapped in a similar snare.

Vindax , Systemkoin, P2PB2B, Latoken ETC

For fake volumes and watched trade just as stunts, loss of resources, exchanging of withdrawal addresses, etc, have an exceptional day.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
November 09, 2020, 03:36:24 PM
I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day
Good list, vindax really deserves the first spot that exchange is totally dead, I don't think I want to have anything to do with them, the rest of them including vindax are using fake volumes to attract traders, it will be wise for any trader to ignore this exchanges, if you go on coinmarket cap you will see some exchanges there with really large volumes, some with larger volumes than most popular exchanges, and its obvious now that they are fake volumes and nothing more,its best any trader stick to top exchanges instead of all this wack exchanges.
member
Activity: 182
Merit: 10
November 09, 2020, 03:02:04 AM
I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

That's right, there are a lot of bad exchanges.

I had bad experiences and lost funds at the time with Cryptopia and Yobit.

They stop you with their high interest to withdraw or if not outright they steal your funds ...
But cryptopia exchange isn't as bad as p2pb2b and exmarket, I've used that cryptopia for years with no issue, it's still one of the best altcoin exchange just like stex, but I thought cryptopia exchange refund all users funds? Correct me if I'm wrong
hero member
Activity: 1733
Merit: 502
Nada y Tú?
November 09, 2020, 02:11:52 AM
I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

That's right, there are a lot of bad exchanges.

I had bad experiences and lost funds at the time with Cryptopia and Yobit.

They stop you with their high interest to withdraw or if not outright they steal your funds ...
full member
Activity: 809
Merit: 100
November 09, 2020, 12:16:14 AM
the worst in my opinion is P2PB2B and Vindax, I once stored assets in P2PB2B for about a few months, then I checked my assets there were no longer there, the login was always the wrong password, even though all my data was correct, I wouldn't store assets there anymore too bad In my opinion
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
November 08, 2020, 02:15:29 PM
All these exchanges out there are project killer and any serious developers should please desist from listing there, thanks goodness for the DEXes now, with incentives your project will gain traction. The issue with some of these projects is that you put your money in them, to get it out is war
full member
Activity: 1260
Merit: 103
The OGz Club
November 08, 2020, 10:40:43 AM
I see people saying P2pb2b and Latoken are bad exchanges,
I've used Latoken and withdrawal is very fast, is that a bad exchange?
Indeed, IEOs in Latoken are very fraudulent, and the price after listing becomes very cheap and makes big losses,
but I think it is not a benchmark as a bad exchange.
sr. member
Activity: 644
Merit: 260
November 08, 2020, 10:02:44 AM
It's really annoying to trade such scam exchange with fake volumes. That's why I avoid using that exchanges. Better to use and trade on top exchanges with real volume and traders like binance.
lots of fake volumes that can sometimes trick exchange users in the wrong direction.


The fake volume aspect with exchanges with low reputation such as vindax, p2pb2b is alarming. Also wash trading is excessive in such exchanges. I remember setting a sell order on p2pb2b, it didn't pick for almost 24 hours but when I checked trade history for that pair, I saw orders with prices even higher than mine on the list after the time I placed my sell order. I think coingecko and Coinmarketcap did some upgrade to tackle the issue of fake volume, liquidity feature was also embedded for CMC in this regard. We should be careful with new exchanges especially, I only trade on reputable exchanges with huge volumes / liquidity.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
November 08, 2020, 09:43:22 AM
It's really annoying to trade such scam exchange with fake volumes. That's why I avoid using that exchanges. Better to use and trade on top exchanges with real volume and traders like binance.
Obviously, it's better to avoid before you get annoyed with all of these exchanges, because all of these exchanges only have one same goal, which is to deceive lots of people using them through the system they have created there, lots of fake volumes that can sometimes trick exchange users in the wrong direction.
jr. member
Activity: 313
Merit: 1
November 08, 2020, 09:29:54 AM
I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

It's really annoying to trade such scam exchange with fake volumes. That's why I avoid using that exchanges. Better to use and trade on top exchanges with real volume and traders like binance.
member
Activity: 116
Merit: 10
November 08, 2020, 09:20:13 AM
In today's digital world, the demand for cryptocurrency is immense, it is now very easy to transact in cryptocurrency.
 Exchanges are needed to sell or buy cryptocurrency.
 So you have to have an idea about good exchanges and bad exchanges.
 Bad Exchanges, such as P2PB2B
 They just list tokens or coins.
 IEO runs but does not judge good and evil.
legendary
Activity: 1274
Merit: 1000
November 08, 2020, 09:00:36 AM
P2PB2B, coinsbit, vindex, ex market latoken These are examples of Bad exchange. 
I don't even go close to the mentioned exchanges here, poor volume, delay in withdrawal, poor security, very low Liquidity, poor exchange management, zero community interest are some of the bad aspects why I strongly avoid these terrible mentioned exchanges. For now I do more of Uniswap, and then Binance. Occasionally I use other CEX like hotbit, mxc, and stopped using Kucoin after the recent hack.
I would still use CEX if it involved any decent value. exchange that underestimates customers, making delays that should not occur is an exchange that indicates it has bad credibility.
jr. member
Activity: 36
Merit: 1
November 08, 2020, 08:36:29 AM
When there are many Decentralized Exchanges why we should use centralized one?

For example, Stakenet (XSN) Decentralized Exchange (DEX) make-instance transaction in a totally decentralized platform possible with the lowest fee on the market. Also, you would be able to exchange BTC, ETH, Litecoin and ERC20 Tokens thanks to Lightning Network and Raiden Network.

This is the moment that we should stop using centralized exchanges and start using DEX.

full member
Activity: 658
Merit: 103
November 08, 2020, 08:23:29 AM
Actually, I do not fully recognize those exchanges that you mention. I do not use exchange that is not popular wherein it doesn't have strong community. The exchange that I want should have good reputation not only from customers but also in different medias in the cryptocurrency market. I will never use a exchange that I do not fully recognize because for sure that there is something fishy or something bad that may happen. I will learn to the mistakes of the other which is to use good exchange and avoid opening in an exchange that is not popular and have poor reputation.
full member
Activity: 728
Merit: 104
November 08, 2020, 07:51:56 AM
coinsbit is the worst exchange platform I have ever used. Then Idex, Idex is a decentralized exchange but there is a minimum of withdrawal and a minimum of trading, in my opinion that is very bad
IDEX is not fully decentralized I think, they implement a minimum of transactions and a minimum of withdrawals, besides that we can create an account using email besides logging in using a private key
But at least the volume on idex is real
full member
Activity: 657
Merit: 102
November 08, 2020, 07:43:54 AM
coinsbit is the worst exchange platform I have ever used. Then Idex, Idex is a decentralized exchange but there is a minimum of withdrawal and a minimum of trading, in my opinion that is very bad
member
Activity: 490
Merit: 10
November 08, 2020, 06:18:06 AM
It's very easy to choose top exchanges using coinmarketcap today since they are rated based on liquidity unlike last year when exchanges are rated by volume and some exchanges like p2pb2b exchange that have fake volume was among the list of to exchanges which is very misleading
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
November 07, 2020, 11:13:49 PM
There are lots of crypto exchange available in the market. Very few of them are legit and doing their work properly. Most of them especially the small and the medium exchanges are doing some wrong things like most of them use fake volume bots, or they take high deposit fees. So it's better not to use just any exchange I would suggest you that gi from r bug exchanges like binance ,huobi, kucoin otherwise do some research before put yiur money in any small cap exchange.
hero member
Activity: 1428
Merit: 506
November 07, 2020, 05:01:27 PM
I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day
Ah, Vindax and Latoken totally shit from my opinion. Those exchange are is verry good for scam project. Because,  they work for money, no need verification, not need any details about project. If we look back previous, we can see that's happen many time.
Above list of exchange has low users no volume, no much liquidity, and not that popular. I never used this kind of exchange like la token and vindax, when I open their exchange you may see lack of users and low volume. I usually use binance exchange and uniswap this time, this exchange is very well known in this industry.
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