Topic: What is the worst exchange platform you have ever traded on? (Read 312 times)
CoinSwitch. my transaction was stuck and I've been waiting for an answer from their support all night
I haven't used it yet but i hear that rightbtc and sistemkoin both require KYC for even the smallest withdrawals. Haven't used simex either, plenty of good exchanges to use
When we have plenty of good exchanges to use then why should we go for such cheap exchanges like simex? It is always good to stay with the exchange we have been trading on for years. I personally have 4 exchanges where i trade on with my coins and i would only shift to an other exchange if i think it is more beneficial and trustworthy.Putting our coins into any unknown exchange is the first sign to get scammed. There are a lot of scammers out there who are waiting for us to deposit our money onto their platform.
I dunno how things comes up with some traders doing like that and its so dumb for them to choose those unknown exchange where we can select to trade on bigger one where can can safely trade and store our alts.
But there are instance where we have no choice to trade on some particular cheap exchange and those situations where crazy devs choose those cheap ones which make traders leave no choice to deposit their bought or earned token nor coin.
I don't know much about simex but if it isn't allowing you to withdraw your funds than probably that's a another scam exchange which us been running since months. Usually Kyc documents should be verified within 24-72 hours and exchanges which are been reputed have these kind of fast services. It is not always safe to send our KYC documents to a unknown party as it could make our documents leak and peoples can use them illegally.
I haven't used it yet but i hear that rightbtc and sistemkoin both require KYC for even the smallest withdrawals. Haven't used simex either, plenty of good exchanges to use
When we have plenty of good exchanges to use then why should we go for such cheap exchanges like simex? It is always good to stay with the exchange we have been trading on for years. I personally have 4 exchanges where i trade on with my coins and i would only shift to an other exchange if i think it is more beneficial and trustworthy.Putting our coins into any unknown exchange is the first sign to get scammed. There are a lot of scammers out there who are waiting for us to deposit our money onto their platform.
It was long ago, I think that it was in the same year they started, so I don't know if it's relevant now. It was HitBTC.
They had some bots in there, I don't know if theirs or not, back then I suspected it was theirs, used to attempt price manipulation, I think, and clearly to fake volumes/liquidity.
It was silly. The bots were transacting with each other without noticing my orders (even if mine were at better prices!). How bad can you implement that?
Of course I've left and never looked back.
They had some bots in there, I don't know if theirs or not, back then I suspected it was theirs, used to attempt price manipulation, I think, and clearly to fake volumes/liquidity.
It was silly. The bots were transacting with each other without noticing my orders (even if mine were at better prices!). How bad can you implement that?
Of course I've left and never looked back.
I haven't used it yet but i hear that rightbtc and sistemkoin both require KYC for even the smallest withdrawals. Haven't used simex either, plenty of good exchanges to use
Simex is possibly a scam site. I have seen some more complaint against this site. So, of course, they are doing shaddy job. I would never use an exchange before researching.
Why the heck someone will use noob exchange? We have tons of huge sites so I won't even bother to use those never heard ones. So far, I don't encounter worst exchange nor service, maybe because of I'm very picky in using and don't want to risk my money.
But seriously, I hate doing kyc. It sucks.
If you dont like to experience possible problems you can always choose up with those exchange rather than on risking your assets with unknown ones.
The chance of losing it is surely high since they arent popular yet nor have that reputation.
Simex is possibly a scam site. I have seen some more complaint against this site. So, of course, they are doing shaddy job. I would never use an exchange before researching.
Why the heck someone will use noob exchange? We have tons of huge sites so I won't even bother to use those never heard ones. So far, I don't encounter worst exchange nor service, maybe because of I'm very picky in using and don't want to risk my money.
But seriously, I hate doing kyc. It sucks.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
Simex is possibly a scam site. I have seen some more complaint against this site. So, of course, they are doing shaddy job. I would never use an exchange before researching.
Why these unpopular exchanges are coming in with bad reviews? If the exchange isn't too familiar for you, then stop using them that's the best solution that you can come up with if you love trading.
You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
There are really some scenarios that you wont really have any choice but to use up some shady exchange specially when your coin is just being traded only to that place which you would really end up You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
on using it even though it isnt really familiar nor popular into your ears.
On my part, i didnt experience any hardships about KYC thing on top exchangers ever since.
Top exchanges doesn't have problem on KYC and you can simply contact their support and will receive a response quickly. Unlike with these kind of exchanges, it's either you will receive a response it's not that professional and sometimes they are even rude and scaring you out.
Systemcoin is the shit and worst exchange for me and it's probably a fraud and scam exchange. Once I created an account and checked whether it allows withdraw without KYC and found no such regulation. I deposited and later when I tried to withdraw, it asked me for KYC.
Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
But that looks so weird to see that exchange was having a big daily trade volume. i can even know that after seeing how terrible that platform is. It looks so terrible dude. The worst exchange site should be COSS because it has the same problem as simex too.
volume can be manipulated . i see some unknown sites that have big volumes and have a high number of traders but the site was obviously fake and scam . anyway i dont hear the name simex before and @op you must not try exchange that you are not familliar with . just stick only on the trusted and popular ones and youll be fine . you will have an assurance that your cash can be refunded if ever some issues are found out .
and by the way , i heard coss before . i think this is more trusted than simex .
Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
So far in terms of KYC I have no problem with all the exchanges, they can easily verify the user's account if they submit the right documents, the only problem is the security and withdrawal issue, which I experienced with Yobit. 
Never encountered any exchanges just like simex, but hitbtc give me a problem before, my withdrawal request took 10 days before they send to my wallet, and thats a huge amount of money.
Why these unpopular exchanges are coming in with bad reviews? If the exchange isn't too familiar for you, then stop using them that's the best solution that you can come up with if you love trading.
You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
There are really some scenarios that you wont really have any choice but to use up some shady exchange specially when your coin is just being traded only to that place which you would really end up You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
on using it even though it isnt really familiar nor popular into your ears.
On my part, i didnt experience any hardships about KYC thing on top exchangers ever since.
I am using Simex one time because I have some tokens from bounty which is listed only on this exchange. As I remember I finish everything without any issue and I never use this exchange after that. How important it is, I can not remember what the token was about. 
My tips for worst exchange going to Yobit, EtherDelta and C-Cex
My tips for worst exchange going to Yobit, EtherDelta and C-Cex
Never heard of Simex but I think everyone can agree Yobit is one of the worst exchanges. Not because of KYC which they do not have (and that is great) but because they have the slowest ever platform. I remember, it can take you 10 seconds to click. And sometimes because of the lag,,, you click something wrong and take 10 more seconds to cancel.
But I give them credit for having good markets, the trollbox, and the first to do fork coin trades.
But I give them credit for having good markets, the trollbox, and the first to do fork coin trades.
From my knowledge exrates I think because where the prices are really fake from coinmarket cap,I decided to start trade on that exchange and created the trade for the value which I got only half price from the current market value and later only I realized that prices shpws in coinmarket cap is completely different and morepver they took nearly 12 hours to approve the wothdraw.
That totally sucks and I also never do any trade on that exchange and would like to add etherdelta,towerbee and cryptopia. They are compromise and ugly exchange so by this we should always look up for big ones so that we make sure that we are on safe place.
From my knowledge exrates I think because where the prices are really fake from coinmarket cap,I decided to start trade on that exchange and created the trade for the value which I got only half price from the current market value and later only I realized that prices shpws in coinmarket cap is completely different and morepver they took nearly 12 hours to approve the wothdraw.
i don't have any problem with an exchange that is clear from the start, i simply don't use them if i don't like their rules like having KYC or having some weird rules about it.
my problem is always about those exchanges that aren't honest about their rules and change them as they please. for example exchanges like Bittrex which suddenly scammed thousands of users and closed their accounts because of their sudden change of rules is the worst one. because that is clear definition of a scam.
my problem is always about those exchanges that aren't honest about their rules and change them as they please. for example exchanges like Bittrex which suddenly scammed thousands of users and closed their accounts because of their sudden change of rules is the worst one. because that is clear definition of a scam.
Jump to: