Topic: EXRATES.ME is a scam Exchange - page 5. (Read 24414 times)
I hope you are wrong. I actually use exrates currently and have not been scammed. Hope what happened with Octaex is not about to play out again? But please, I would like as most people earlier suggested, tell you to verify this allegations. It will be bad if they are not what you tagged the exchange to be.
Yes I believe exrate manipulate their trading volume. Obviously you can see a market for token naturally but if you check the volume there is low but the price is high clear sign of manipulation on the inside. Though if their exchange has a market maker it not help in the grow of a project but can push it to become a pump and dump coin.
It certainly looks like they are manipulating the volume to make it look like they are trading more than they are.
$1,526,211 USD 24 hour trading volume on a $69,095 USD market cap coin.
https://exrates.me/dashboard
https://www.reddit.com/r/SmartlandsPlatform/comments/9cwwbf/price_manipulation_on_exratesme/
More accusations that Exrates is faking volume:
https://www.youtube.com/watch?v=jxGzGrq5-T8
$1,526,211 USD 24 hour trading volume on a $69,095 USD market cap coin.
https://exrates.me/dashboard
https://www.reddit.com/r/SmartlandsPlatform/comments/9cwwbf/price_manipulation_on_exratesme/
More accusations that Exrates is faking volume:
https://www.youtube.com/watch?v=jxGzGrq5-T8
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Hello there ! as someone said above don't really know why people calling them scam they are actually slowly but it's bearable. i've had some accident on their platform my edr deposit wasnt coming on my acc for a while so i wrote to their support and they said that i've just did not put memo cause i was in the rush. So in conclusion want to say that this platform is ok and nothing more and if u don't have any evidence about em i'll continue to trade on their platform and will wait for my withdrawals
Is this really true? excrate is a scam exchange? Im planning to sell my token this week to this exchange because of high volume according to coinmarketcap but Im afraid to use it now upon reading this post, perhaps my coins also scammed its better to use another exchange with low selling volume but legit rather than a scam exchange.
I haven't used them but as for looking for some reviews, I ended up with this one year old review and discussion on reddit.https://www.reddit.com/r/Iota/comments/7d9xfa/experience_with_exratesme/
Thank you so much for informing this I just created an account on this exchange few days before because one of the coins I am trading is listed on this exchange but thanks for informing this I will take care of it now.
Better show some proof of evidence here or accusations before you rant. Anyways what ever the reasons going on first comes first you should post something creative… So we may give you advice or help.
Thank you for paying attention to those scammers, you are doing an excellent service to the community, I have always said that the only way to avoid the success of these scammers is if we stay together as a community and denounce, that's one of the purpose of this forum, after all, it is important to stay informed in all aspects, thank you!
Last month I saw the sales order that I did there was never bought by someone, I tried to place the lowest order, but the history of trading there continued through the order that I applied. They use bots, but after some members have asked questions about the history of sales and purchase transactions there are strange things, the bot suddenly disappears and now runs normally, the limit for pulling coins there is too high for the bounty hunter.
Is this really true? excrate is a scam exchange? Im planning to sell my token this week to this exchange because of high volume according to coinmarketcap but Im afraid to use it now upon reading this post, perhaps my coins also scammed its better to use another exchange with low selling volume but legit rather than a scam exchange.
If it is the only exchange where you can sell your tokens and it seems to have real volume, other than bots, then I would say go for it. Maybe try depositing and selling in smaller batches, I am sure you will not have problems (other than the long waiting period) once you manage to sell those tokens.
Hello all,
As a crypto community member, it’s important to warn all community members that the exchange called Exrates.me is a Scam exchange.
Please don’t list your projects on this so-called Jakarta based exchange
We have investigated them and these are the conclusions:
1. This exchange manipulates its coinmarketcap information, constantly showing a trade volume of usd42m, when there is less than usd200k volume daily
2. All trades are manually manipulated by the Exrates team and it’s not possible to execute any trades
3. Withdrawals take forever to be processed and your deposits get lost with no explanations
4. All the twitter followers and likes are fake, and any announcements of coin listing are just mere scams
5. The trade engine is virtually non existent and everything seems done by hand
Please stay away from this exchange. They charge 3 BTC for listing and their exchange is simply fraud!!
EXRATES.ME is SCAM!!!!
As a crypto community member, it’s important to warn all community members that the exchange called Exrates.me is a Scam exchange.
Please don’t list your projects on this so-called Jakarta based exchange
We have investigated them and these are the conclusions:
1. This exchange manipulates its coinmarketcap information, constantly showing a trade volume of usd42m, when there is less than usd200k volume daily
2. All trades are manually manipulated by the Exrates team and it’s not possible to execute any trades
3. Withdrawals take forever to be processed and your deposits get lost with no explanations
4. All the twitter followers and likes are fake, and any announcements of coin listing are just mere scams
5. The trade engine is virtually non existent and everything seems done by hand
Please stay away from this exchange. They charge 3 BTC for listing and their exchange is simply fraud!!
EXRATES.ME is SCAM!!!!
I just read this info, and I have never traded for exchanges exrates, I think research is needed for this and provide factual concrete evidence. but if I want to trade I recommend for bittrex and binance
Is this really true? excrate is a scam exchange? Im planning to sell my token this week to this exchange because of high volume according to coinmarketcap but Im afraid to use it now upon reading this post, perhaps my coins also scammed its better to use another exchange with low selling volume but legit rather than a scam exchange.
Can I give a opinion about this exchange? Me too, I am so disappointed to this exchange, because at first, the deposit takes time, while the coin in the blockchain it says that it is already verified and the transaction is complete. And also, I am stuck with the withdrawals, until now. And I have no time to follow that up. Gladly I only use small portion of tokens to that exchange.
Please provide any evidence because I did not see any problem with that exchanges site. But if they have problems better to stay away but if there is not until no it"s your choice if you going to trade still or you will leave it because what happen to that exchanges site you will be sacrifice.
They are not an obvious scam exchange, I was able to deposit and withdraw money. The two processes combined took around a day to go through, it is possible that they allow deposits/withdraws manually, so that is the reason for the long waiting periods. On the other hand, there is obviously some shady wash trading going on there and the 1% withdrawal fee they charge is a huge ripoff. All things considered I DO NOT recommend this exchange, but can not provide any convincing evidence that they are scamming people, this is only my personal opinion.
Please provide any evidence because I did not see any problem with that exchanges site. But if they have problems better to stay away but if there is not until no it"s your choice if you going to trade still or you will leave it because what happen to that exchanges site you will be sacrifice.
I agree with this because I can't log in my password on this exchange always say that password incorrect even the password I enter is right then I try to forgot my password then I can log in my account then when I log out and try to log in again they say that it was incorrect so I was a hint that it was a scam sad to say that my btw was there in the exchange and can't get it back.
STAY AWAY FROM THIS SHADY EXCHANGE. I recorded a bit of this activity mentioned. SIM/BTC - Coinmarketcap - Exrates.me(scam). All fake orders as you can see here:
Video: https://filebin.net/9xn69o47iu0xdh2d/exrates.me_scam.mp4?t=b1b9ccfq
I would not feel any surprise to see this crappy exchange sites was using the bot to manipulating the market. remember about coinex and it has even placed on top crypto exchange site caused by the team was manipulating the volume of exchange site. Video: https://filebin.net/9xn69o47iu0xdh2d/exrates.me_scam.mp4?t=b1b9ccfq
This exchange is the same level as another shitty exchange site just like yobit dude. this is so crap.
more and more fake orders.
STAY AWAY FROM THIS SHADY EXCHANGE. I recorded a bit of this activity mentioned. SIM/BTC - Coinmarketcap - Exrates.me(scam). All fake orders as you can see here:
Video: https://filebin.net/9xn69o47iu0xdh2d/exrates.me_scam.mp4?t=b1b9ccfq
http://oi68.tinypic.com/531teu.jpg
Video: https://filebin.net/9xn69o47iu0xdh2d/exrates.me_scam.mp4?t=b1b9ccfq
http://oi68.tinypic.com/531teu.jpg
I am not sure how solid are your allegations the other day i was thinking to create account at exrates because one of the token im holding is listed there, i was just thinking to trade that at exrates but because you have posted the negative review about it through your personal experience i will try to stay away untill i find clarity about these allegations.
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