Topic: Why are crypto exchanges not truthful? - page 2. (Read 362 times)
Cryptocurrency exchanges cannot appear been truthful to you in trying to satisfy you as you'd always expected because it will be to their own detriments as they were all out for business as well, the worst harm you could also do to yourself lies in giving attentiveness to every of their adverts, ads, and sweet quoted post, all is to bring you in to their altcoins patronage and other services been advertised and ones you get into it you begin to discover new things entirely from the ones initially thought or expected.
Some exchanges are just shady.
Just also know that some sites have sweet ways of luring newbies which would later not be true.
I signed up on Bybit through an ad that says free 1500$ for first depositors and after clicking I was forced to make first deposit and I later find out that the free 1500$ is for futures trading and you still need to trade futures with your money, why can't the ad says free 1500$ for futures trading? It's same with Bitgert... The most annoying one is Crypto.com
You were lured by $1500. You should not have believed that. Even if you go for future trading, I do not believe that kind of money would be given by an exchange. Just also know that some sites have sweet ways of luring newbies which would later not be true.
The online Ads should, were they to be ethical, at least include a link to the promotional terms. Nevertheless, ethics is not a high priority, and tends to fall well below moneymaking. Some countries have stricter rules and regulations that apply to the cryptosphere, although I don’t expect this to be a general norm.
For example, Spain recently explicitly regulated crypto-asset advertising, and although it’s something relatively new, it does mean that clearly deceiving campaigns can and will be denounced to the concerning authorities. There are also prerequisites (in Spain) for campaigns that have an intended audience of over 100K viewer impacts, with a mandatory pre-communication to the supervisors, who could demand changes or a halt altogether. We’ve still yet to see how it plays out in practical terms there.
For example, Spain recently explicitly regulated crypto-asset advertising, and although it’s something relatively new, it does mean that clearly deceiving campaigns can and will be denounced to the concerning authorities. There are also prerequisites (in Spain) for campaigns that have an intended audience of over 100K viewer impacts, with a mandatory pre-communication to the supervisors, who could demand changes or a halt altogether. We’ve still yet to see how it plays out in practical terms there.
That's the scheme that many exchanges do to attract people by false advertisements. The thing is you should never believe anything that says free money especially that kind of amount which is not small to start with and surely it requires something that you should do after you get that so called free money if what they claimed is true. If you want to find an exchange that you can trust then better find it yourself rather than choosing an exchange that you saw in an ad. If you want to find an exchange much faster and also through ads then you should make some research or exploring first before depositing any funds. What I see is that you are being greedy when you saw the ad that says free $1500. There is no such thing as free money all the time (since there's some platform gives free money around $5-$10 per person but limited only and also very seldom to happen).
There's no free lunch, let alone for a month.
To avoid this kind of dishonesty, then stop being greedy.
To avoid this kind of dishonesty, then stop being greedy.
It's just typical shady marketing. They're technically not wrong, it's just that they didn't specify the details. Be prepared to see a lot of those not only in the cryptocurrency space, but even in the broader finance industry.
these people are just liars.
Yes, they are. Their aim is to get you signed up for their platform. They hope they may like the platform, get over their initial lies and remain there, since you've already filled KYC.
I've seen such behavior in all kind of stores/business. Some years ago in my country, a certain car maker had advertising about cars starting from price_x. I've found out soon that allegedly they only had one car (for the entire country) at that price, but the strategy was to get people into the showroom and .. show what they had (at higher price, obviously).
My take? Don't just sign up for a platform because of the ads, since you can easily go to even worse experience, like getting your money stolen by scam platforms, which also put out banners here and there.
Also, you may want to read Why KYC is extremely dangerous – and useless; it should hopefully make you understand that 25$ is not worth it, even if it's real.
Some crypto exchanges are so annoying, they lied to new users just to make them sign up on their websites, what is there gains luring people with this trick that ruins their trust?
I signed up on Bybit through an ad that says free 1500$ for first depositors and after clicking I was forced to make first deposit and I later find out that the free 1500$ is for futures trading and you still need to trade futures with your money, why can't the ad says free 1500$ for futures trading? It's same with Bitgert... The most annoying one is Crypto.com
Crypto dot com promised 25$ on new users signing up through a popular Youtuber and after KYC verification they revealed that you have to buy some CRO in thousands before you can claim the free 25$, these people are just liars.
I signed up on Bybit through an ad that says free 1500$ for first depositors and after clicking I was forced to make first deposit and I later find out that the free 1500$ is for futures trading and you still need to trade futures with your money, why can't the ad says free 1500$ for futures trading? It's same with Bitgert... The most annoying one is Crypto.com
Crypto dot com promised 25$ on new users signing up through a popular Youtuber and after KYC verification they revealed that you have to buy some CRO in thousands before you can claim the free 25$, these people are just liars.
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