Crypto Bad Exchanges - page 24. | Bitcointalksearch.org

reallester

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Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

You are right by your lists. P2PB2B most especially is a fucking nonsense exchange. I get almost daily login notifications even when I don't login. A lot of scammers prowling that exchange. Another crazy thing about the exchange is it's fake volume. Shit.
BTW, I'd say Latoken is better off than Probit. Probit is yet another exchange full of shitty coins/tokens with fake volumes and trade. Sometimes I wonder why CMC keeps accumulating fake exchanges. One need to be extremely care where he or she trades crypto

nicecrypto

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As much as the information is valid and much appreciated, I think the target audience to read and utilize this information would be the project team who are always seeking out cheap and scamming exchange to list their tokens,
If a token you own is not listed on any of the above mentioned exchange, there won't be any need for anyone to be in that exchange in the first place, so if project team stop listing on this exchange, people will stop patronizing them.

luckyflop

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I think you should add a few other exchanges such as Yobit, Bcnex exchange ... these are also scam exchanges and stealing a lot of investor money in the past, away from these exchanges if not. want to lose money

hulla

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Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

A lot of accusations have been said about P2PB2B and Latoken but i dont see any reason a genuine crypto enthusiast or investor will choose to Vindax and Systemkoin which are opened not nore than 2 years.

I will be happy if the OP could include tagz and coinhe either.

TopTort777

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Quote from: Pecunia non olet on March 07, 2020, 07:24:10 AM

What is the motivation to trade on this doubtful exchanges? Lower fees? Binance has 0.1% trading fees. Higher security? Coinbase never been hacked. So what is the real deal on this exchanges?

Motivation to trade - lots of alts can easily be listed on these exchanges. As well as scam projects can be listed there (speaking about p2pb2b mainly).

forexandcryptoauditor

copper member

Activity: 1190

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Good analysis and thanks for bringing this up. But then can we say that the projects which are holding their IEO on these exchanges are scam or going to turn out as scam later?
Many projects I see holding their IEO on p2pb2b. So extra caution is required, I would say.

pakhitheboss

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Top Crypto Casino

Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

I have not faced any bad exchange both locally and internationally. I do not think you will also face the problem if you had followed BTT before investing your money into cryptocurrency.

mahilchii

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Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

I really appreciate you for Investing your time and listing is bad exchanges this will surely help some of us and as you mentioned most of them don't care and some of them might criticize you for this topic, but keep doing the good work as you are doing now and keep listing similar exchanges.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Byakuga on March 07, 2020, 04:37:09 AM

The most annoying part about these crypto exchanges is their ranks on rating websites e.g coinmarketcap, I wonder how this website get so blind and over look the fake volumes and watch trades, they need to be exposed

There are other websites similar to coinmarketcap that have implemented their own solutions to try to not include those exchanges at the top since they are obviously faking their volume, it is not perfect but their list of top exchanges by volume is better because of this, however if it was up to me I will blacklist any exchange that tries to fake their volume as we know that is a huge red flag and it means the owners of those exchanges are not above lying and cheating to try to get people to deposit their money with them.

carriebee

sr. member

Activity: 1148

Merit: 251

Numerous users already having a bad experience using this kind of exchange. Many complaints in terms of volume and some can't withdraw. Well, it is best to use another exchange and also users must be selective in using exchange that offer good services.

nekonyun

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and don't forget exrates exchange, this exchange traps small traders that can't wd because fee this exchange is too expensive, this includes fraud because this exchange fee is too high from other exchanges

ven7net

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Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

Of course, you are right that the crypto exchanges indicated in the list raise a lot of questions, but these are not the only exchanges that are worth talking about as doubtful. The fact is that there are a lot of such exchanges, and it is possible that even all exchanges are deceiving their users. First of all, these are the bidding volumes. And if you dig deeper, it turns out that there is generally no exchange on the market that works honestly.

zenhu

sr. member

Activity: 645

Merit: 266

Many exchange have been launched since early 2018. Not all of them will seriously handle their paltform. I think unfamiliar exchange just take advantages from shit token that want to get listed on market.
They got many fees from token listing, and then surely they can easily manipulate volume trades. Ignore them all, just trade your money on big exchange only.

Malam90

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Activity: 1099

Merit: 116

I have observed many exchanges use fake volume and bots as you mentioned the list of exchanges. But i am still use Vindax
P2PB2B and Latoken for bounty token sale as you can see many projects listed their tokens this exchanges. I haven't face any problem there but it is true that we have to be aware before investment in this type of exchange.

electronicash

legendary

Activity: 3178

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p2pB2B exchange were already busted to have fake team member in the past but there seem to have volume in the exchange, this is probably because they have done some IEO in there were users are trading their tokens. this had become the cause of new promising exchange to rise above because of previous scam of the exchanges.

Quote from: Palider on March 07, 2020, 10:23:27 AM

Quote from: Pecunia non olet on March 07, 2020, 07:24:10 AM

What is the motivation to trade on this doubtful exchanges? Lower fees? Binance has 0.1% trading fees. Higher security? Coinbase never been hacked. So what is the real deal on this exchanges?

I think trader of this Exchange are those newbies that think this is the right exchange to invest because they see in market cap that volume is high which is very attractive.

And maybe some traders here are selling thier Airdrop coins or participating in airdrop event of this exchange.

not really newbies but the ones that doesn't spend time here in the forum to learn about them.

Palider

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Merit: 507

Quote from: Pecunia non olet on March 07, 2020, 07:24:10 AM

What is the motivation to trade on this doubtful exchanges? Lower fees? Binance has 0.1% trading fees. Higher security? Coinbase never been hacked. So what is the real deal on this exchanges?

I think trader of this Exchange are those newbies that think this is the right exchange to invest because they see in market cap that volume is high which is very attractive.

And maybe some traders here are selling thier Airdrop coins or participating in airdrop event of this exchange.

[email protected]

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Activity: 1120

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Quote from: Balladtony77 on March 07, 2020, 09:49:56 AM

Bcnex and dcoin should be on the list not because of scam claims but because of their fake volumes and watched trades, many new exchanges are like this

don't be too trusting with new exchanges, I think we have also known trade volume manipulation for a long time to do some trading to attract trade. but I think the problem experienced by BCNEX is more complicated because users cannot make withdrawals on the platform. this is very bad, somehow they can fix this. maybe it's a scam.

smyslov

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Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

We have a lot of bad exchange in the industry, not only these four that are in your list and it is the duty of traders and investors to check every exchange in the market, lest they become a victim of these exchange, and we should also very careful not hold coins that are only traded on these coins, or you will end up hostage of these coins and exchange.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Mighty_crypt on March 07, 2020, 04:14:37 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

These are some weirdass crypto exchange. Like "SystemKoin" exchange? Lol, what kind of an exchange name is this? Never heard of any of these exchanges. Sorry to hear that you had bad experience using those exchanges. This wouldn't have happened if you tried to find reviews for those exchanges. I am pretty much sure people have encountered those exchanges and already reported them at least on this forum. I myself would have thought twice before trying out an exchange named "Latoken".

Balladtony77

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Activity: 378

Merit: 15

Bcnex and dcoin should be on the list not because of scam claims but because of their fake volumes and watched trades, many new exchanges are like this

Topic: Crypto Bad Exchanges - page 24. (Read 4706 times)