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Topic: Is KCEX exchange a scam? Anyone have any ideas? - page 2. (Read 257 times)

hero member
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Merit: 542
I was able to access the website just right now.

But I don't know, my gut feeling says that this could be just another fly by night exchange. So I wouldn't even deposit some for trading even if they claim that Zero Trading Fee Event for Spot Trading.

It's better to be safe than sorry.
sr. member
Activity: 1680
Merit: 379
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They did register as an MSB with FinCEN, but the address on their registration is for a private mailbox service in Denver. I don’t believe this type of registration is enough to offer futures trading. The registration might just be to give the appearance of being legitimate. The complaints, not just on the Turkish website you mentioned but also on Reddit and TrustPilot are about their bonus being a scam to get people to register and deposit. If it is not a scam, it is certainly shady.
legendary
Activity: 3276
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Their trading volume is quite good and they are listed in coinmarketcap as many have stated, but honestly in this day and age, why even bother with some exchange that you are not so sure while more popular and reliable exchange exists, more over you can always use DEX if you find the coin you're trading is not listed anywhere.

so really, if you are in so much doubt, just settle for better exchange and better trading volume.
sr. member
Activity: 294
Merit: 433
HODL - BTC
The exchange is listed on Coinmarketcap - https://coinmarketcap.com/id/exchanges/kcex/
But accessing the site, the site is down for maintenance but there is no announcement on their social media, which is a bit suspicious.

I'm honestly new to this exchange too, but I don't know why so many reputable exchanges would choose such an obscure exchange?
I would still avoid exchanges that don't have any credibility.
full member
Activity: 182
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Well this is also the first time I'm coming across such an exchange,  I believe I've heard about  CEX exchange and not KCEX, so I can't really give a review on the exchange, but from the little digging I just did, I've been able to confirm the fact about the domain being registered in 2004 and the exchange only being active for just a year. I also saw some negative feedbacks and complaints, such as issues with account closure without valid reasons or no reason at all, there's also the issue on lack of support to customers.
And yeah, I also saw something about the exchange giving a 100x leverage. I mean that's just crazy.
Anyways, all I can say is, anyone planning on using the exchange should make sure they conduct a thorough research about it before making any move.
hero member
Activity: 2786
Merit: 902
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This is my first time hearing this exchange. If you're gonna use it, make sure you know the risk because it is typically higher with lesser known exchanges.

From the things you pointed above though. It's more than enough reason for me to stay away along with the fact that they haven't built a good reputation yet in the space-- since they're new in the business as well.

By any chance, do you have a platform-specific use case in mind?
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
This exchange: https://www.kcex.com/

Yes, it is a legit exchange. But I have not used the exchange before.

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.
It has been created since 2021.

Also, there have been many complaints about the same issues regarding the KCEX exchange. https://sikayetkripto.com/Marka/KCEX
In the article, there are many negative comments about KCEX and all the existing complaints are brought together. I think they are not giving them their rewards with the bonus programs and information. They are also closing accounts for no reason and not providing support.
Also not having good review on Trustpilot: https://www.trustpilot.com/review/kcex.com. But most well known exchanges review on Trustpilot is not also that good.
newbie
Activity: 56
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Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.

I came across an article like this https://kriptohaberim.com.tr/kcex-com-scam-mi

Also, there have been many complaints about the same issues regarding the KCEX exchange. https://sikayetkripto.com/Marka/KCEX
In the article, there are many negative comments about KCEX and all the existing complaints are brought together. I think they are not giving them their rewards with the bonus programs and information. They are also closing accounts for no reason and not providing support.
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