Topic: Exchanges are not recommended. - page 6. (Read 1693 times)
The main problem most exchanges have that really discourage me from using them is fake volumes and not trading. It's not cool. I recommend mostly Binance for trades. I can only use other exchanges only if the coins I want to trade isn't listed on binance. That's just my stance.
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
Help others to avoid this exchanges that cheat traders
Actually, those exchanges are numerous on coinmarketcap. There's been a case where the project CMA wrote a post about IDAX and its fraudulent ways of conducting IEOs for project owners. This and more are some of the shameful stories you will hear of these exchanges
There are some new exchanges that are just out to scam crypto enthusiasts. Some are copycats of some good exchanges like for instance, Hitbtc has a copycat called hibtc. Most of them target traders who deposit huge funds and deny withdrawal. I mainly use Binance, Kucoin, Huobi, Okex, Bitfinex, Gate.io for safety.
There is no exchange which guarantees you security, but of course, it’s for sure you need to use large exchanges which have a reputation. It is not a good idea to trade on the pump exchanges and ALWAYS before deposit your funds for some unknown exchanges you need to teach the reputation of this exchange and what users are talking about it
There are some new exchanges that are just out to scam crypto enthusiasts. Some are copycats of some good exchanges like for instance, Hitbtc has a copycat called hibtc. Most of them target traders who deposit huge funds and deny withdrawal. I mainly use Binance, Kucoin, Huobi, Okex, Bitfinex, Gate.io for safety.
During this time I only trade on exchanges that have large volumes such as Binance and HITBTC. Be wary of new platforms as they can still be manipulated. The Exchange site is very much and many people are complaining because they feel deceived by the new platform. I think it's better to do a safe trade.
Statistics have more than 1000 active trading platforms, only about 100 trading platforms have confidence for traders. Many trading platforms have poor support systems, or insecure security that is easily compromised from outside, or platforms created for the purpose of cheating money from traders there. Use a virtual volume creation bot to fool traders. The advice for you is to trade only in safe and high-volume trading platforms like binance, okex, houbi, ... https://coinmarketcap.com/rankings/exchanges/
For yobit, I have had problems when trying out their investbox, but for transactions, I have never had a problem, and I have also had problems with Poloniex because they enforced an update so I had to do the problem, the old user had to do it and I failed and I lost my assets there , finally I had a problem with P2PB2B exchange withdraw coin problems and had to wait up to 7 days
my only bad experience is with yobit , they have alot of coins that go to the wrong chain and when you deposit you just lose your coins and most coins which have a great pump it is impossible to make a deposit
Then you do what you suppose to do and stop using the exchange since you have noticed this activities by the exchange. The most mistake newbies makes is still continuing on an exchange with numerous complain.You don't have to loses all your funds on an exchange before realizing what to do
my only bad experience is with yobit , they have alot of coins that go to the wrong chain and when you deposit you just lose your coins and most coins which have a great pump it is impossible to make a deposit
HitBTC, their support service is really the worst. But then this was like a year ago since the last time trade at there.
Don't give them any chance anyway, just avoid it.
Don't give them any chance anyway, just avoid it.
reporting fake volumes doesn't deceit either traders nor the coin owners! fake volumes is just a technique the exchanges use to stay on top of the ranking and attempt at competing with each other.
besides, they all do that. nobody is monitoring them and their reported volumes so they can do whatever they like and there is no damage done so nobody cares.
besides, they all do that. nobody is monitoring them and their reported volumes so they can do whatever they like and there is no damage done so nobody cares.
I look most exchanges and I laugh at the kind of deceit portrayed using fake volumes. I remember trading on exchange some days ago, my set sell order was quite low but I just watch as orders higher than mine were picked what do you call that? I just wondered, which normal trader will pick a high order rather than a low one? Smh
I think the majority of exchange platforms are currently counterfeiting the volume of transactions, some sophisticated frauds are difficult for users to recognize, some are crude forged. I have a lot of cases where orders are constantly being executed but my orders are not executed even at lower prices.
There are many bad exchanges i have decided not to trade on anymore, the list goes thus:
1) p2p bad UI/no volume/bot trading/
2). Latoken bad UI/no volume/bot trading
3) Idax scam acquisition from CMA tea/bot trading.
of the three exchanges you mentioned I only had time to wear a latoken exchange. that's all I use it because it sells tokens from bounties listed there. I am not really sure about the trade that happened in Latoken. all like manipulation. 1) p2p bad UI/no volume/bot trading/
2). Latoken bad UI/no volume/bot trading
3) Idax scam acquisition from CMA tea/bot trading.
There are many bad exchanges i have decided not to trade on anymore, the list goes thus:
1) p2p bad UI/no volume/bot trading/
2). Latoken bad UI/no volume/bot trading
3) Idax scam acquisition from CMA tea/bot trading.
1) p2p bad UI/no volume/bot trading/
2). Latoken bad UI/no volume/bot trading
3) Idax scam acquisition from CMA tea/bot trading.
The only thing I can recommend to our fellow crypto enthusiast is never put your Altcoins in exchanges for too long because not only exchanges are prone to hacker, exchanges can be a hacker itself too like they make an announcement that they will suddenly need to close their exchanges and most of them don't announce that they are closing their service instead they will run away with all of the coins deposited on their exchange.
for Example Octaex and other exchanges.
for Example Octaex and other exchanges.
latoken, bitforex, bw, hitbtc, idax. I do not recommend because the volume is fake and also withdraw a few coins, it takes almost 12 hours, the rest that is not recommended is hotbit, because there is an exchange killer, almost every token that starts into hotbit is always dump and last time, deposit a deposit and withdraw very long time it can even reach more than 2 days and in some cases there is a scam because more than 7 days of withdrawal still hasn't entered
One of the exchanges I have had a seemingly bad experience with is hotbit, was shortchanged when depositing a particular coin their then known as BDT and the coin was greatly dumped which the team complained it was the fault of the exchange, aside that the had the highest withdrawal fee among all the exchanges I have used
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
LAToken, there are lots of bad coins traded, you have to be careful LAToken is indeed registered at CMC as one of the biggest exchanges but it is just a fakeHelp others to avoid this exchanges that cheat traders
I saw that most of the new listed tokens in Latoken, there tokens dump to very low price, my advice is don't trust coinmarketcap exchange ranking, after tried to sold tokens in there, then you will know that it's fake trading volume, another same types as Latoken is Coineal.
You are correct that some exchanges really do such things that is why we need to be very careful in doing transactions. I think we need to research for the current latest scam report of these exchanges so we have the idea when we encounter that exchange.
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
Help others to avoid this exchanges that cheat traders
I don't understand at all. Why do you wanna use the unknown and unreliable exchanges.
There is a decent amount of reliable exchanges .. for what is this extreme?
Jump to: