Topic: Exchanges are not recommended. - page 2. (Read 1693 times)
Not until fake volume is been eradicated from the face of crypto world but for now even some top well known exchanges have fake volumes and are full of bots,the best exchange will always be DEXs and other very few top exchanges like binance
Most exchanges that are on coinmarketcap or coingecko are trash. Almost all of them are manipulating trading volumes and are using bots. And if suddenly, there is a good trading opportunity, they are closing deposits and going into maintenance.
I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange platforms that you do not recommend.
Help others to avoid this exchanges that cheat traders
I have bad experience in Yobit and LaToken exchange because im just lose my tokens after i deposited to these two exchange, thats why be careful when you dealing with Yobit and LaToken the two exchange platform has lack of informative guide for its users in terms of deposit,withdrawal,changing in contracts etc. and because of those lapses users may lose its crypto without warning. Lately i check with Latoken if its improve but still the problem persist, Same as Yobit the support was not exist thats why you cannot reach the team if you need help. if possible avoid using it. In terms of fake volume will thats normaly happening in any exchange so im stay neutral about that issue. Help others to avoid this exchanges that cheat traders
I avoid LATOKEN and HITBTC the most. I think LATOKEN is a manipulation of their trade, and HITBTC is too expensive for transaction and trade costs.
Fake volumes on such exchanges definitely influence investors and gives false promises. Only when trading or exchange of altcoins are required, we should use these exchanges, if no other choices available.
We should avoid storing assets in exchanges even if it provides staking benefits.
We should avoid storing assets in exchanges even if it provides staking benefits.
I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange platforms that you do not recommend.
Help others to avoid this exchanges that cheat traders
i have never experienced anything bad with an exchange so far and i hope it will never happen in the future. so, i can't show which exchange is bad through my own experience. but according to the story and experience of my colleague, the yobit exchange is a very bad exchange.Help others to avoid this exchanges that cheat traders
i hope you are careful when using yobit.
Never really experienced much problems with cryptocurrency exchanges except maybe two. And they are all centralized exchanges. I have few amount on the exchanges to this day. I doubt I will ever recover them.
The only exchanges I have never had problems with are decentralized exchange. I have peace of mind trading on them
It is very difficult to trade on decentralized exchanges and it is very unclear for new users. therefore, for those who are not a very long time in the cryptocurrency, it is best to use Binance for example The only exchanges I have never had problems with are decentralized exchange. I have peace of mind trading on them
As you know new exchanges launching every day, you should not join every exchange and that exchange have a good ranking in coinmarketcap that should be joined, I have a bad experience with HITBTC, don't join this exchange because of freezing accounts.
Reviews about HITBTC exchange are very controversial. Some complain about this exchange, others cann't say anything bad. I belong to the second category. This doesn't mean that users cann't have problems on HITBTC exchange. I can't say anything about that. I just didn't have a negative experience with them.
This topic useful, but very few write their history here. Maybe the use of specialized sites? Here, you can get the most complete information about the exchange, which we talked about - https://revain.org/exchanges/hitbtc
By the way, the exchange is not the highest ratings. I think that's something to think about HITBTC.
I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange platforms that you do not recommend.
Help others to avoid this exchanges that cheat traders
Well, I don't have any record on deceitful exchange platform although there are tiers when it comes to service provision. I always recommend the Bitrue exchange platform to all forms of traders due to the security and low transaction charges. Also, investors get the chance to enroll in the PowerPiggy promotion where coins like BTR, BTC, ETH, DIVI,TUSD etc can be staked for 7.3% and upwards annual interests. Help others to avoid this exchanges that cheat traders
Never really experienced much problems with cryptocurrency exchanges except maybe two. And they are all centralized exchanges. I have few amount on the exchanges to this day. I doubt I will ever recover them.
The only exchanges I have never had problems with are decentralized exchange. I have peace of mind trading on them
The only exchanges I have never had problems with are decentralized exchange. I have peace of mind trading on them
sometimes some exchanges use fake volumes to manipulate traders, especially small trades, so my advice is trade on exchanges that have a good reputation, don't trade on small exchanges, because the security is not guaranteed
but sometimes small exchanges are doing those manipulation because they are still small and they want to do gimicks to attract traders to trade on thier platform while bigger/popular exchanges wont usually do a crazy thing that can damage thier reputation and can potentially loose alot of thier costumers . im not saying that all small exchange are bad , of course there are some that still do thier best to stand out but in a formal way .
sometimes some exchanges use fake volumes to manipulate traders, especially small trades, so my advice is trade on exchanges that have a good reputation, don't trade on small exchanges, because the security is not guaranteed
I am very careful with my coins and do not trade on little-known exchanges. And I want to tell all the newcomers to do the same. If you do not know how to choose a good exchange, just choose a well-known and safe exchange and do not worry about your money.
I have a horrible experience with a exchange called BiteBTC. Once I deposited 0.10 bitcoin, but when I applied for withdraw, it did not allow the withdrawal. Only after that, I came to know that the exchange is a big scam. Stay away from the exchange.
1. Stay away from new exchanges hosting IEO projects,the most easiest way scammers can steal people's money is through IEO projects from new exchanges
2. You can easily lose funds to new exchanges because it will be more easier for them to close and exit scam,do not trade on them
Idax exchange surprised me to the core,after few new projects claimed that they scam they of their IEO funds on their exchanges it was all in vain because i heard very powerful organizations are backing the exchange which is why i think the exchange is not safe at all
2. You can easily lose funds to new exchanges because it will be more easier for them to close and exit scam,do not trade on them
Idax exchange surprised me to the core,after few new projects claimed that they scam they of their IEO funds on their exchanges it was all in vain because i heard very powerful organizations are backing the exchange which is why i think the exchange is not safe at all
Use an exchange on your own risk. It is not always possible to do peer to peer trading, so you can't completely deny the importance of an exchange. So far, I have faced problem only once like two/three years ago using poloniex exchange. My account was blocked do to some false positive alarm triggered by their system. Their support was one of the shittiest one and it took me more than a month to get my account unblocked.
No matter how much they say that they are secure, there is always a risk of them getting hacked. So be sure not to store your coins in an exchange if you are thinking of holding them.
No matter how much they say that they are secure, there is always a risk of them getting hacked. So be sure not to store your coins in an exchange if you are thinking of holding them.
I think that next scammy exchange will be Latoken and VINDAX, these exchanges showed that only care about quick profit.
See CMA scam accusations against VINDAX.
See CMA scam accusations against VINDAX.
You got it wrong dude,CMA never did any IEO on vindax exchange pls dont share wrong information on here,CMA IEO was done on idax which after it became a success idax refused to send fund back to CMA team thats what triggered scam accusation against idax
some exchanges are used to feeding people lies about how demanding a particular IEO sales is on going,fake soldouts here and there just to create fake awareness for the project and the exchange itself so that when ever other IEO comes up again they will have more investors
I think that next scammy exchange will be Latoken and VINDAX, these exchanges showed that only care about quick profit.
See CMA scam accusations against VINDAX.
See CMA scam accusations against VINDAX.
I participated in IEO, with vindax i wait until receive my token after IEO, i am not sure if it scam or no but it look to me everything is good.
Please let me know why you think vindax may become a scam.
Personally, I believe a very few exchanges among hundreds! Because most of the exchange has fake trading volume, only bot trading, no real buyers and many other problems. People are very aware of Yobit exchange, now IDAX is the second one.
I agree with you. that some exchanges have fake trading volumes only bot trading. besides yobit and IDAX, I also found an exchange with a fake trade which is p2pb2b. even when i trade p2pb2b exchanges my coins are not sold but instead disappear somewhere. and surprisingly when the KYC process takes only seconds it has been received. this is a little confusing in my opinion personally.
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