Exchanges With Lots of Scam Coins | Bitcointalksearch.org

TopTort777

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Quote from: shinratensei_ on March 30, 2021, 09:00:55 PM

As far as i know that when you are trading on the crex and it doesn't require KYC for you to be able to withdraw your money from there.
I trade a small amount of money on crex and I rarely find a problem. I just say this based on my experience with crex.

The trick is that you can trade and withdraw without passing KYC (if you have deposited before they decided they need KYC), but to be able to to deposit you need to pass KYC. The system will simply hide behind "*****" deposit address. It will show you deposit address for few second, and if you are quick and lucky you might copy that, but then KYC message will appear. If you decide to deposit without passing KYC, your account wont get the funds, because in these few seconds they show some general deposit address, which is not connected to any user. (like it shows you "123123123" address, but when you pass KYC your deposit address is "qwerty").

tyz

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

What is your defintion of a scam coin? You can not compare decentralized and centralized exchanges because centralized exchanges do determine themself which coins are listed/traded on their platform while decentralized exchanges do usually not. You can trade there all colored coins which exist on a specific blockchain plattform like Ethererum.

So, you should ask for most scam coins on centralized exchanges. My answer: HitBTC

tarable

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Quote from: corel on March 31, 2021, 06:18:02 AM

Don't chase quantity, chase quality.
The fewer coins on the exchange, the more stable the exchange

What is the logic for this? try to explain it completely, because each exchange that has many models of coins with different quantity and quality can also be very good, I see at this point, in general the small quantity of coins will affect the price of the coin if many people are interested in having coins that, but in terms of quality we have to see from another side such as the use and benefits that exist in the coin.

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Every dex will inevitably have one or more scam coins listed.
It's not the dexes fault however, it's the nature of how it's done. For example ForkDelta, any coin on Eth can be traded there, legit or otherwise

Teraboy

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Quote from: corel on March 31, 2021, 06:18:02 AM

Quote from: Kongxx on March 29, 2021, 09:16:14 PM

What else exchanges have plenty of scam coins?

Don't chase quantity, chase quality.
The fewer coins on the exchange, the more stable the exchange

I don't think so, these days it's easy to know how reputable the exchange site itself.
The major exchange sites have so many coins already listed on the site and the point should be people must DYOR before try to use any exchange site.
A lot of newbies didn't wanna try to ask the old users of crypto and they were using the garbage exchange site on their own decision without doin any research

corel

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

What else exchanges have plenty of scam coins?

Don't chase quantity, chase quality.
The fewer coins on the exchange, the more stable the exchange

ivankoh

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Those are high quality DEXs right now. DEX has great advantages and the problem that you encounter and wonder about "coin scams" is the downside of the nature of DEX because it has been misused for bad purposes. Research is required, though, before applying to exotic coins, and this is also the reason why we need CEX. However, it is also necessary to study CEX with caution and do not take any action for strange altcoins!

TastyChillySauce00

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Quote from: ?? on ??

look like the OP didn't undertand if dex was completely different with cex mate
because in dex, we just add the contract address from any project even the new one to trade it there
simple words about yobit "i agree with you"
regards

Exactly, DEX is just like a marketplace where everyone can open their own store giving freedom to people but that also comes at cost which is the uncontrolled scam coins that appear everyday while CEX has human intervention and if any scam coins could get in to the CEX that also means the people behind the exchange approve of that scam coins,t otally different thing.

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HitBTC.
It's not just because they are listing scam coin, a lot of hackers could be lurking on that exchange.
Worse, it could be an inside job. I have no proofs but I am basing it in my experience.
I had not opened my account there for a long time and yet it still updates me that I logged in a different country.
It's like every month someone is logging it in checking if there's a balance.

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Aside from those dex market. You can be sure that there are scam coins too on some centralized markets. As far as I remember mercatox, p2pb2b, latoken are some of the exchanges that have plenty of scam coins. I know these cause I've using those platforms before and trust me those listed coins or majority are scams. They ar ejust listed to gain money from investors like us.

shinratensei_

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Quote from: TopTort777 on March 30, 2021, 02:50:16 PM

It is strange that no one yet mentioned Crex24. These guys sure love to list scam and crap. Total junkyard that forces users to pass KYC if they want to deposit scam or crap. Amazed that bitcointalk is not filled with issues topics like it is filled with p2pb2b or other.

I see one user mention Latoken. Cant say that lots of scam is listed there. Rather decent exchange. Would recommend to use it as main exchange, but from time to time it can be used to get rid of some alts.

Latoken was a scam, this exchange site was creating so many events and the participants didn't even get their reward and almost all of the IEO that runs on LAtoken were garbage coins.
The volume is fully manipulated compared with the total buy and sell order on the exchange site.

As far as i know that when you are trading on the crex and it doesn't require KYC for you to be able to withdraw your money from there.
I trade a small amount of money on crex and I rarely find a problem. I just say this based on my experience with crex.

GreatArkansas

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UNISWAP and PANCAKESWAP are decentralized exchanges, indeed there are much more scam coins that are listed there since it is easy to get your coins listed there.

Speaking of exchanges, it is difficult to compare centralized exchange to decentralized exchange in terms of having scam coins. But if we talk about scam coins with a centralized exchange, I believe that exchanges with very low trading volume and those random exchanges got the most scam coins listed.

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Pancake and Uniswap are prone to altcoin scams because of their low listing fees and there is no audit mechanism process like in a centralized exchange. Talking about exchanges that indicate a scam is actually a lot. ranging from Fake Trading Volume to issues regarding many problematic deposits or withdrawals. Coinsbit, Yobit and P2PB2B are dangerous exchanges if you have assets on these exchanges. There have been many cases in this forum complaining about poor service. Before trading make sure to research briefly to see the reputation

Ulven

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It is a good idea to choose an exchange platform with great care to avoid risks that could easily destroy us. I don't know how these exchanges can gain users' trust? Although it is listing many fake currencies such as YOBIT exchange!!

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Quote from: Willitivity on March 30, 2021, 03:48:15 PM

Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

There are alot of them mate, if I can remember clearly vindax, finebox, p2pb2b, latoken and lastly yobit exchange, all these exchanges I mentioned there are so many junk and scam coins still listed there, there are alot of them but I can't remember all, I think p2pb2b and vindax are the two exchanges with the most shit coins listed, i don't think the owners of these exchanges care much about how legit the coin they are listing is, there are just after the listing fee, then later help to add fake volume,I won't advise anyone to make use of these exchanges.

dont forget the folgory exchange. ive seen a lot of complaints about them and yet they are enjoying high volume of trading. so seems that they are doing wash trading in that platform. but there are really a lot of them, because they list coins even it is a crappy one, if they paid their dues. they dont care about its future or main intentions. and then you will find out that in couple of weeks or so, they have no more trading volume as the devs already abandoned their coin after pocketing their money.

Willitivity

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

There are alot of them mate, if I can remember clearly vindax, finebox, p2pb2b, latoken and lastly yobit exchange, all these exchanges I mentioned there are so many junk and scam coins still listed there, there are alot of them but I can't remember all, I think p2pb2b and vindax are the two exchanges with the most shit coins listed, i don't think the owners of these exchanges care much about how legit the coin they are listing is, there are just after the listing fee, then later help to add fake volume,I won't advise anyone to make use of these exchanges.

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Quote from: awakpane on March 30, 2021, 04:42:16 AM

Finexbok and Vindax exchanges also have a lot of scam coins, even if you deposit on the exchange Finexbox, you can't withdraw your assets. Finexbox and Vindax have a bad reputation. Therefore you have to be careful and avoid these exchanges

this is true, finebox and vindax have a bad reputation...
I bought new coins several times from here but the coins I bought ended up having no value. besides that finebox also imposes high fees on users and that is really annoying.

TopTort777

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It is strange that no one yet mentioned Crex24. These guys sure love to list scam and crap. Total junkyard that forces users to pass KYC if they want to deposit scam or crap. Amazed that bitcointalk is not filled with issues topics like it is filled with p2pb2b or other.

I see one user mention Latoken. Cant say that lots of scam is listed there. Rather decent exchange. Would recommend to use it as main exchange, but from time to time it can be used to get rid of some alts.

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

I think you will be hard-pressed to find a single exchange that at some point during its existence has not accepted several scam coins, the main issue is if they are doing anything to try to lower the amount of those projects that they accept, and if that is the case then that is an exchange that you can use regularly but if not then you should avoid it because most likely they are not above using shady tactics to try to get to your coins too.

However the most important thing is that you do not invest in any of those coins, after all we know that that great deal of the coins that are in the market are outright scams and the only way to win that game is to not play it on the first place.

jossiel

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@OP.

You should compile all of those suggested exchanges that has been seen with scam coins. It would be a great help for the others who are looking for a list like this.

Therefore, they can avoid those exchanges, dex or cex for their own good. But they have no choice if the coin that they've invested is only listed on any of those mentioned exchanges.

ScamViruS

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Everyone can list the coins as they wish in the dex. It is often seen that scammers list fake coins using the name of a popular coin. Therefore, before buying any coin from Decentralized Exchange, its contract address should be checked thoroughly. The amount of Scamcoin increases just when hype is created in the market and traders become interested in buying coins. If you research the crypto market properly, you will see that most of the coins are scamcoin coins, all of them are meant to take money from the crypto community.

There are many centralized exchanges that list the various scamcoins on their exchanges for a listing fee, they don't even care about their users.

dhemasm

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Uniswap, Pancakeswap, Etherdelta, Forkdelta is DEX and basically everyone can add coin there easily so it's not DEX Fault but the people itself, You need to be more careful to some CEX That listed some Scam Coins/Tokens, One Of them is Yobit, Everyone know it was Sh*t Exchange with tons of Scam coins with pump & dump scheme, Careful and DYOR!

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Quote from: makishart on March 29, 2021, 09:22:11 PM

4. yobit

You should always avoid to deal with those sites, they are having very very bad reputation among the crypto users and more than 80% coins listed on those sites were scam coins.

You are not wrong about Yobit, the exchange has many shit coins, I remember there was a coin on the exchange called X10, people are lured to invest on the coin and get 10% daily profit, but if someone can leave the coins for a week, the price would have really dropped to the extent the the person will lose more than the daily reward. There are other coins on the exchange that I analysed to be shit coins, the moment you hold such coins, the moment of losses started, and if continue to hold it, it will lead to more losses.

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Quote from: avikz on March 30, 2021, 09:33:24 AM

Uniswap having scam coins?? Can you please explain instead of throwing a statement out of nowhere? Uniswap is a new swap platform and all coins that are listed there, are active. So I would like to hear from you!

He just doesn't understand how the DEX exchange work.

That's why he things Dex Exchange like Pancake & UNISWAP listed a scam coin on their listed coins, he doesn't know dex exchange can be trade without being listed from UNISWAP by just trading through their smart contract address. For @TS, If you want to safe coins on UNISWAP or Exchange DEX trying to trade on their list coin not using a contract trade.

khiholangkang

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

Uniswap and Pancakeswap are decentralized exchanges, every token created in the ETH network can automatically be traded on uniswap, and if the token is created on the BSC network automatically traded on Pancakeswap or other decentralized exchange.

Regarding exchanges trading scam tokens, there are many examples
LAToken
P2PB2B
Yobit, and many more, especially small exchanges.

avikz

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Uniswap having scam coins?? Can you please explain instead of throwing a statement out of nowhere? Uniswap is a new swap platform and all coins that are listed there, are active. So I would like to hear from you!

Yobit is definitely that one exchange where you will find a lot of dead coins still listed. Also they often introduces new coins that goes inactive after few days of trading. So Yobit is definitely an exchange that encourages scam coin business.

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Quote from: ?? on ??

I believe that all secondary altcoins and tokens can be generically defined as scamcoins, 1inch which is also an aggregator that encompasses almost all of the scam coins, as far as centralized exchanges are concerned, the undisputed king of scamcoins and obviously yobit

I think that you can generalize the dex will always be linked to the scam coin. 1inch is just an aggregator and it was working with any contract that is issued on the ethereum network.
The dex is using a different mechanism compared with the centralized exchange site and this is the fact.

The scammer can list its token into any dex that was supporting the asset.
Basically, this is having the same mechanism as etherdelta and forkdelta in the past.

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Dex are not a problem since everything can be listed there... it's a very easy win.

With Centralized exchange is something different since there is clear malicious action.
YOBIT has listed several coins with a FAKE ticker. It means they were aware of listing fake coins that is clearly a scam attempt.
Generally speaking, if any centralized exchange is listing something that is not "trusted" or likewise a scam I have not a good feeling to use the exchange.

Kunnu

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There are many exchanges in my list which are filled with full of scam coins/tokens like vindax, latoken, coinsbit, yobit etc. I think the owners of these cryptocurrency exchanges don't care about their users and the reputation they just allow to list useless and scam tokens because of money, this is pathetic they must consider to not doing this shameful things otherwise they will have to lose their reputation.

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I think when is comes to centralized exchanges, then from my experience, yobit exchange is the number one in exchanges with a lot of scam coin, then followed by folgory, Hitbtc, and several others I can't remember to mention right now.
When it comes to decentralized exchanges, etherdelta is the number one, followed by forkdelta, and then ether flyer, this are decentralized exchanges that have power to officially list and delist a token, uniswap and PancakeSwap and the likes don't have that power.

xSkylarx

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I would add hotbit on the list. Someone told me that it is easy to list a new altcoin there so there are definitely plenty of shitcoins on that exchange. I once joined a yield farming of a new coin that got rug pull. The devs did not list that token on pancakeswap to exchange but instead they first listed it on hotbit. In less than 5 minutes, the token went from 0.3 down to 0.002. Good thing that my connection is working properly that time that I got to sell it at .02 per token. My busy friends lose some big money that time because their marketing before the presale was very active.

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Quote from: Kongxx on March 29, 2021, 09:16:14 PM

Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Too many to mention.

That is why they are always saying that you must see the contract address of the ERC20 token that you want to swap with because there are numerous scam coins out there especially to those DEX'es that you shared. What are the scam coins there? I don't know TBH but seeing the contract address of the token would help you not to get scammed.

IIRC, pasting just the contract address of the token when you are searching will automatically show the token itself. BTW, those exchanges that you said may have contain some scam coins or some shit coins in general so just be aware whenever you are buying tokens in an exchanges or swapping in DEX'es like Uniswap.

awakpane

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Finexbok and Vindax exchanges also have a lot of scam coins, even if you deposit on the exchange Finexbox, you can't withdraw your assets. Finexbox and Vindax have a bad reputation. Therefore you have to be careful and avoid these exchanges

makishart

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1. Coinsbit
2. p2pb2b
3. folgory

I can mention more sites that have plenty of scam coins but those sites were having so many scam coins.

I forget to mention another one just like

4. yobit

You should always avoid to deal with those sites, they are having very very bad reputation among the crypto users and more than 80% coins listed on those sites were scam coins.

BTW, uniswap and pancakeswap are decentralized swap service and any contract can interact with that swap protocol.

Kongxx

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Besides UNISWAP and PANCAKESWAP, what else exchanges have plenty of scam coins?

What are the scam coins there? So everybody can take note.

Topic: Exchanges With Lots of Scam Coins (Read 301 times)