Topic: EXX.COM - Anyone using this exchange? Are they legit? share your experience pls. (Read 286 times)
April 13, 2019, 01:16:04 AM
I don't know if it's legit because the trading volume is too high so I won't take the risk of using new trading site that that. You could also read some feedback about them. It's just that EXX isn't that popular but if you're not comfortable in it you could use other exchanges. I was doubtful about it before so I'm still using binance until now.
December 24, 2018, 05:27:37 PM
With 100 mln trading volume there should not be 10% spread on litecoin (buy/sell) so price difference should give good return while arbitraging. If noone is doing that it means that something stinks.
I think it might be exit scam. I heard lots of issues with this exchange beafore.
I think it might be exit scam. I heard lots of issues with this exchange beafore.
In most cases when the prices on exchanges are highly inflated without a good reason, it means there are withdrawal problems. It definitely can't be Tether causing differences in price like what happened recently because both exchanges use USDT "fiat" pairs.
It's yet another Asian exchange generating fake volumes to climb on the CMC ladder, and it seems very effective. They recently got a massive traffic boost, and it seems that they will keep gaining traffic as time goes by. CMC is the nr1 traffic provider for EXX with 14% and Google is nr2 with 6.5%.
https://www.alexa.com/siteinfo/exx.com
CMC is the perfect way to market your exchange. You just need to generate hundreds of millions in fake volumes.
December 24, 2018, 12:21:56 PM
This exchange already become a scam. Didnt know on when it did ran away.
December 24, 2018, 11:47:02 AM
This site sells LTC at 121 tether whereas Binance sells it at 110. Huge margin. That's why it seems too good to be true and I am so skeptic that they might be a scam or may have some sort of hidden fees or KYC drama. But so far got no bad review. If you're using this exchange pls share your experience about them. Thanks.
If you easily noticed that it's a very high price to sell then the person on the opposite side of the trade probably noticed it's a high price to buy and will move to another exchange. It could be an anomaly or manipulated price to try and catch people out.
December 24, 2018, 06:31:57 AM
EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
Judging if exchange is legit or not by trading volume is not the best idea. Its cummon knowledge that most of crypto exchange (even from top 10 coinmarketcap) are trading with themselve to boost trading volume (free advertisement) or are letting users pump trading volume by token mining while trading - what is nothing more than paying users to pump trading volume paying them in token that they generated for free as much they need.
With 100 mln trading volume there should not be 10% spread on litecoin (buy/sell) so price difference should give good return while arbitraging. If noone is doing that it means that something stinks.
I think it might be exit scam. I heard lots of issues with this exchange beafore.
December 24, 2018, 06:02:00 AM
Looks like EXX.com is offline. Exit scam ?
May 29, 2018, 09:19:37 AM
Yes, they are truly legit. You can watch their trading volume. It's pretty well more than many popular exchanges because Exx dot still not enough popular what it should be. You can trade there without any doubt. But I am not sure you really can sell at that price. Because 10 USD is a pretty big difference for a coin. Maybe someone put a buy order with a high price. If I am wrong then you can sell there by 120 USD Safely.
May 29, 2018, 09:05:45 AM
..the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
Exactly, I noticed that already and it's ridiculous what kind of traders put such high sell orders!! Quote from: 4abrec
..but there are shortcomings in the interface and for me as for active trading it is not suitable
Yes, I felt that way too. Binance is great for that for me.Though I am not sure if any of you two have traded on exx, but thanks for the response and your thoughts.
May 29, 2018, 08:01:45 AM
EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
I agree, often such bugs are very common. As for the exchange itself, I liked it very much, you can trade on it, but there are shortcomings in the interface and for me as for active trading it is not suitable
May 29, 2018, 07:07:20 AM
EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
May 28, 2018, 06:58:23 PM
This site sells LTC at 121 tether whereas Binance sells it at 110. Huge margin. That's why it seems too good to be true and I am so skeptic that they might be a scam or may have some sort of hidden fees or KYC drama. But so far got no bad review. If you're using this exchange pls share your experience about them. Thanks.
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