Bitcoin Forum

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!!!!

Do you have evidence to support these claims? I'm finding them slow also, but not sure wheter they are a scam.

I agree this exchange is not good.
They charge total 1%(0.5% as Exchange Fee, 0.5% as Merchant Fee) when withdrawing from the wallet and I have never heard this kind of huge fee.

I also found fake tradings that there were no exact sell/bye orders but showing many trades on the trading history.
Look at ETH/BTC for example. Orders are so small but the volume is massive.

Still did not made any withdraw yet but I am so afraid if I can move my assets to other exchange.

I have never heard of them before and looks like they don't have much volume so those 3 BTC fee to get listed seems quite high.
I don't have any experience with them and I always try to avoid new exchanges like this, I can't trust some random guy with my hard earned money.

I don’t know about this exchange but their terms seems ridiculous to be honest
But still, there is a need for you to provide proofs to this claims because there are several users on this forum and they will be eager to find out more about is

Remember crypto currency is about volatility and Research

I actually tried to register with them, but never received the verification code which was necessary to log in. I guess I may consider myself lucky for that. Thanks for the heads up.

Careful about new exchange right now, too much scam exchange. I think we should to be carefully in this time

Can you give some picture as proof about what you listed out? I think it'll help people believe in you and your report as well :). I can easily say that anyone is a scammer but nobody will believe me if I don't have any proof about that. Beside you should be patient if you're going to use a new exchange until there are some reports about it on the interenet or in this forum :)

Is this real? Do you have any informative links to your accusation? Please post it here so that there is a valid proof that states they are a scam. Two of the coins I knew that listed already in exrates, and these two coins are already in my wallet however, I think this coins are also shitcoins that's why they will list it on a scam exchange.

Just a note I was able to send my coins to different exchange but took 5hrs to process from here and seems they do manual for withdraw.

Exrates stolen me 30 xmr.

Yes i have to agree. with the fake buy and sell orders. just go there and watch BRB for 20 mins with no sell orders and miraculously there will be a buy order with no coins for sale it's just not possible. As for withdraw and deposit i can't confirm as i had no problems

If they are showing fake volume on cmc then maybe cmc is part of speculatiin, i think cmc should also check such stats and make sure they are correct because millions of traders and investors usually check the stats on cmc before making buy sell decision.

If what an exchange offer is too good to be true....then be on the alarm.
Always confirm an exchange review before trading on it.

This is my experience too now that I have entered the token in the Market? Is there another way to solve this problem, my tokens are a fair amount, please give me a briefing on how to make money from and out of the market.
I just found out now that exrate.me is a bad market and it is unclear how they carry out the market function

This is my first time hearing about this exchange. I hate new exchanges that I am not sure of, it will be good to do exchanges on the popular and known ones. Thank you all for sharing, it will save many.

I don't know scam or not, but they are mentioned at many places on the net, especially when talking about small btc forks.. One thing that is really bad there is ridiculously high minimum withdraw amounts for shitty worthless coins that have little value whatsoever and you need a ton of them to do so. Or ton of them to dump and exit  :)

I haven't use the exchange before though the day i try to sign up it was very slow like snail apart from that i have read a lot of bad review about this exchange.

Any advice on what crypto currency has relatively lowest withdrawal limit there? :)

Hi! I prefer Ethereum withdrawals in every exchanger I use. It has lower withdrawal fees compared to bitcoin. Well not unless there's no ethereum withdrawals available which is maybe rare. If I have to trade on a btc pair, I convert my btc to ethereum before withdrawing it. Maybe its a case to case basis. Whether you may need btc too so you just have to face those high withdrawal fees.

I do not think that Exrates me is a scam but I agree, these guys are looking pretty strange. I do not like exchanges with a low volume and almost no coins to trade. Thanks for warning anyway, and put your fingers away from another scam that is called Yobit exchange!

Well, I for one does not like the exchange, I feel any project that is to list there is not actually serious because the volume in the exchange is so low.The exchange really looks bad and has little to zero trades. I advice to avoid it.

Sad to hear that this exchange is not good, this is the exchange site which footballcoin was listed and this is the first exchange after a long time of waiting but sad it is not good to send my balance and do trading with them. Luckily that i already see this thread and as my reference for this exchange.

      It's the first time I hear this exchange, but they have strange and idiotic terms and conditions. I always avoid exchanges that I do not know or that are not old with a good rating. Lately, more and more exchanges are SCAM. It is a very high risk that we do not deserve to assume. Better we choose well-known exchanges, even if trading fees are higher.

There is some extremely shady business going on there at Exrates. They are possibly manipulating the price of Simmitri (and maybe a whole lot of other coins/tokens too). I noticed this, becouse SIM is on the first place of "Biggest gainers and losers" on CMC. Simmitiri went up from from $0.01 to around $0.09 in just a few hours - as far as I am concerned becouse of Exrates. We are talking about a rank 1167 token with a market cap of 85k dollars and a volume of 420k dollars. If you go to the Exrates SIM/BTC page, you can check out the manipulation going on there. I noticed that there are orders filled almost every 10 seconds, but they are fake ones, not from the orderbook. A new sell order appears out of nowhere and gets filled almost immediately. You can see on the attached immage that there are not much buy/sell orders, and although there are sell orders for the fraction of the price, they do not get filled, instead the fake ones are filled all day long.

To be honest, I never heard of such kind of exchange. Don't know how you come up using this while there have some good exchanges. Anyway, why don't you post it in scam accusation with some valid proofs so that we people can get alert? It would really be appreciated.

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.

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

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.
This exchange is the same level as another shitty exchange site just like yobit dude. this is so crap.
more and more fake orders.

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.

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.

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.

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 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

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.

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.

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!

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 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.

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/

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

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.  ;D

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.

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.

If coins and their community trust Exrates then I trust too, I registered on this exchange and have never regretted

They are always pumping their shitcoin one time in a day. I remember about FSBT and there was no any order on the exchange site but CMC shows it has more than 500k USD daily trade volume. This exchange is shitty exchange site. A lot of manipulation and this can't be trusted by anyone.

yes I also noticed this before. I wonder why there are still many traders believe in this platform or are those newbies only and only see the profit that may blind them for any security issues. Always beware guys and DYOR as a habit.

I never am done trading on this exchange, but if you have enough information to your allegations better post it on the scam announcement, where they will have a good chance to defend themselves, but based on your post it's about fake volume and not withdrawal issues so it's about reputation not scamming people.

Just today trade volume is around 30K Bitcoin in EXRATES.ME how it can be scam?
There are no authentic source regarding SCAM because still there are top ranking coin traded and big volume.

How do you know that that volume is real.

On their website and in coinmarketcap they show that they have sold 393 BTC worth of DTRC in 24 hours.

It would mean that they sold the entire coin supply 22x in 24 hours. There is only 18 BTC of DTRC in existence.

They have been caught out falsifying the amounts for a number of coins now.

So when you are trading on there with false volumes they are giving the impression that they are making a lot more sales than they really are.
https://www.youtube.com/watch?v=jxGzGrq5-T8

Exchanges are highly competitive, and exchanges are usually safe when cryptocurrencies take off, but many small exchanges are dangerous when bitcoin falls sharply. For the security of funds we should choose a large exchange.

Totally agree with you, I swear have seen fake volume on There. Last night I wanna sell my TavittCoin on exrates because volume is high and the price also high. I create sell order with cheap price and hope someone can buy it. But, after I check it (now), my sell order still not sold, however volume trading still so high (so strange). So, I decide to make a research and got it. The volume trading is Fake!! I see trade history appearing by itself, I'm so fear using this exchanges, so because that, I decide to sell all my TavittCoin according to the buy order with very cheap price. Look at the screenshoot below:
https://i.postimg.cc/SsfYdC7k/screenshot-2.png
That's trade history from my order, you can see that weirdness. Check by yourself at https://exrates.me or check fantastic volume in here https://www.coingecko.com/id/grafik_harga/tavittcoin/btc

I have long used the services of this exchange and also had problems with them. Why trade where there are a lot of negative reviews. Now a lot of popular exchanges that are very loyal to their customers and many of these exchanges small commission.

Obvious they manipulate BTC Volume, i'm not really sure how i can get my $500 out from there :(

https://i.ibb.co/RPgjDdG/exrates.png (https://ibb.co/RPgjDdG)

https://i.ibb.co/vX69VwV/exrates2.png (https://ibb.co/vX69VwV)

Thanks for giving heads up to community in here. Scammers should be punished for their actions, because of them new people are afraid of investing in crypto currencies and everyone getting hurt from this.

we need evidance from authoer otherwise with all respect you might be just a man who lose money on that exchange and wants to discredit it.

Look at ATB coin charts there :D 500BTC daily volume with buy orders across markets less than 0.2BTC. 98.5% of trade "volume" in Coinmarket comes from there. If no one did, I report this exchange to Coinmarket as it is trash.

Well the exchange might have been seen to pump the prices of coins, but that does not mean it is a scam exchange, because there are so many exchanges that do that. I have an account on it and i have traded there. To affirm their genuineness, i was able to withdraw on it. The only issue i have with them is the withdrawal that takes a lot of time. At first i was worried, but i later discovered that withdrawals are likely to be processed manually.

For me, these numbers do not mean anything, I can go to any exchange and make such screenshots, all exchanges simply attract users, so that the bad would not talk about Exrates  :-\, and the facts are that the output is working and all users get their money. And this is the most important thing.

Those things doesn't actually mean extrate.me is a scam at the start exchange can face all these challenges but time goes on the will rectify all there errors there is no exchange that is 100% perfect.

I agree with you, exchange rates are far from an ideal exchange, but Exrates is quite small, and now I have the feeling that you are aligning them with the top exchanges. The main thing is that the team does not steal users' money and is working on the project. Give them time, and we will see if they become better or not.

Registered on exrates yesterday and sold there my uDoos. All operations took about 3 hours for me. The exchange is not scam for sure.
upd: Also liked that there was no need to pass KYC procedure like on other exchanges

Exchange use fake trading volume is fraud, they can scam us at anytime so best choice is do not use it. There are many reputation exchanges for us and i think EXRATES.ME is not one of them.

read this post - https://cryptomaa.com/btc/keep-bitcoin-safe-exchanges/

you will find how to find scam exchanges

All transactions lie. Coinmarketcap still can not understand how delist did not. There are too many boots there and I think the market itself. you can't even see the purchase as if they are all in a secret way..

I recently received Modul project tokens. They are stuck on this exchange. Now I doubt whether to send there my tokens for sale. Thanks this information was extremely helpful.

I believe also that this exchange is a possible scam exchange. But based on my experience, I have use exrates exchange and I can do trades and withdraws without any problem at all.

i've been observing this exchange for the last couple of hours for bitcore/btx.

https://i.imgur.com/Nfh4sTJ.png?1

the order book has not budged the whole time. there is a borderline immeasurable fraction of a 1 cent buy wall.

yet, whaddya know, tons of multi hundred dollar trades are happening like magic.

pure 100% horseshit. i didn't know anything about it before. i'm certainly not using it now.

Same is happening with other currencies and tokens.

I observed Atlant token for a while and have the same conclusions which are: fake volumes, order book, and trades.

This exchange is a scam , 90 % of the volume is done by bots , order books don't move for days , but funny they have a 3-4 btc daily volume for a tokens that's order book hasn't been touched for days.   Simply a scam.

there's a comment here from a guy who says they shut down his $80,000 account and have blanked him ever since.

https://zycrypto.com/proof-of-keys-hitbtc-reportedly-restricting-withdrawals-is-john-mcafee-right-that-crypto-users-should-boycott-the-exchange/

i don't understand why anyone would risk that much on a nothing exchange but i guess we're all different.

At this time they are faking XLM volumes in great style. i made several orders to check are those orders real or not but not a one matched. full XLM volume in exrates.me is fake!

i also joined telegram group and tryied to talk about the problem there, but got "bunned" momently. their support bot repeats contineously "Don't worry, there is nothing wrong." and "So don't worry, there is nothing to help as there is no problem".

Any proper marketcap listing site should exclude exrate.me from their lists to be able to give adequate informations about volumes. XLM volume is faked at this moment round $15 mio which means it is 20% higher from real volume.


only advice what i could give is that keep your money as far as you can from exrates.me! I will try to take my small money out there and will never look back!

Look, you will find fake volumes on all the exchanges, but this does not mean that they are fraudulent. Just in this way they are trying to attract traders.

How come it didn't? Just by the looks of their interface you can easily tell.
I don't get it why people try this new trading sites without even knowing its legitimacy, if you do arbitrage, then just use known sites.

It will be more better if OP move this to scam accusation section and provide enough proof otherwise it's just allegation.

We do have different mindsets and decisions in life even others see that its an obvious scam exchange but there are really some people who do took risk on putting their money.
They do only realize that they are wrong when they already experience loss of money.

I do agree that most exchangers do really involves with fake or manipulative price orders or volumes but making it as an obvious wont really give good impact on said exchange.

There are plenty of accusations in this thread and suspicions even mine but finally has somebody used this exchange for some time to be able to share a competent opinion with the community?

What I have heard about this exchange so far is that have fake volumes and are a scam but why?

Has anybody lost coins on this exchange, has account blocked with funds or any other problem?

Only thing I have heard and is confirmed that there are very high fees on Exrates especially withdrawal fees for some coins.

I've used this exchange , or tryed using it lets say for the past weeks , the main points are , even though they don't block funds/steal tokens etc from users , they are scamming people in general . 99 % of their volume is fake . They are faking even the BTC/USD pairs , I've carefully followed these to be sure , and inexistent orders happen every 15-20 minutes  with a total volume of around 60 BTC , so around 180 BTC for 1 hour. It's funny cause the entire buy and sell order book doesn't add up to 3-4 BTC.  So basically they're faking their volume , so that they can have a good position on coinmarketcap , I think they're ranked around 18-19th place ,  so they can ask a nice price for listing a token on their exchange  because of their position . I honestly believe this exchange should even ask for 10 $ to list a token on them , it's almost 0 volume there , no trading whatsoever , I was looking at the order books for high value coins , ETH , BTC ,etc , they don't move for hours .      A withdrawal from their exchange takes around 16-48 hours to be processed , which is really unbeliavable .  So I suggest this is probably a few ppl job , and they're simply making money by asking for a high listing fee  due to their good position on cmc because of it's fake value.

You are correct sir. I went in and purposely placed a few sell orders at the lowest price by far. I watched for two days as orders higher than my price were filled. I asked support about it and their response  was laughable. It was either automated or scripted because I brought it up to them several times over the past few days and the canned answer was the same. They are shameless.
I have sold some coins here in the past but the fake volume is worse than I've ever seen.


edit: O, I should mention they pitched to me market maker services and also guaranteed me Coinmarketcap listing within 1 week.

Cannot say if exrates is a scam exchange, but I would like to consider as a fake exchange, where the exchange is populated by bots.

I tried using that exchange and I want to convert my btx to bitcoin I found very good price for that btx at the coin market cap but that is very fake volume. I just use cryptopia but now they are also looking to be a scam exchange because they shut down their wallets for too long without any notice when they are going to make it available.

Is it true that exchanges are a scam, I use them when I sell octoin, but I feel safe and there are no obstacles.
but I don't know for now, because I rarely trade on exchanges

As far as I am concerned, they are not a scam exchange, rather they have been hacked recently. I am not saying that this wasn't a self-hack, it is not in my authority to decide that. There is a notice on their official Twitter page though.

https://twitter.com/Cryptopia_NZ/status/1085084168852291586 (https://twitter.com/Cryptopia_NZ/status/1085084168852291586)

NOT SCAM Im SURE legal bussines of Indonesia, but winds up volumes on some pairs))

They fake 99.9% of the volume!  ::)
Should be on of the top Exchanges in Volume but actuall trading is near zero!
I want to trade XMR to BTC with a tiny volume and its not possible.
Exchange make fake transactions all 10 Minutes but the orderbooks are nearly totally empty.
Hopefully I can withdraw my money ... will report ...

Got my coins back today within 12 hours, so its not a total SCAM.  :P

But still 99.9% of all trades are fake and even for BTC/USD the orderbook is nearly @ ZERO.
So people that want to place a coin there get scammed!
I think you get your money back because there business is to get money by selling now Coin spots on there Exchange and they want a good reputation by people getting there coins back!

My advice: Stay AWAY!!!

They can't have good reputation if they are faking the prices,no one will trade again if they got a penny for gold coins.Its good that you got it but you may paid them decent amount of withdrawal and transaction fee which is actually loss for you and this might be their strategy to make some money.

If you think that the evidence is enough to put the accusations to right manner then better create a thread in this section

https://bitcointalk.org/index.php?board=83.0

With the proper format this issue for sure will be given action by the DTs in forum though i never heard about that exchange and maybe i will never get interested since you have already gives us warning.thanks for this one mate

They only charged 0.0001 XMR for withdraw. That is very cheap and good
With "good reputation" I mean that this thread is only 5 pages strong, because the users got there money back. So they are not 100% pissed!

I have never heard of this exchange before. I checked and it looks like it really scam. But I want to warn you that even well-known exchanges can deceive you. This is a problem in the crypto world right now.

dont use this exchange !!!

LOL are you worry about the volume of the tokens you have in this exchange???

There are many project just launching their projects on small exchanges to get listed as soon as possible. This is one of the exchange for the small scale projects. User friendly matters, you cannot find good feel on this exchange so you may try with big B exchanges if you need great trading experience.

Moreover no one can become big in the first day it will take time grow big. Cheers. :)

use trusted services not to be scammed

agree with that move. it will be handled properly and people might post valid proofs of your claim. heard that exchange though because of one token that I received before from a bounty. but didn't use that exchange as the trading activity was almost inexistent. but 3 BTC as listing fee, are they really out of their mind?

Look at the bold word, if this exchange really based in Indonesia then I just weird because there is no one in this team truly an Indonesian.
1. Chairman of the Board : Vladislav Postoupalski (Zürich Area, Switzerland)
https://www.linkedin.com/in/vladislav-postoupalski-41b015126/
2. Head of Sales : Nina Bar (I'm not sure she is Indonesian)
https://www.linkedin.com/in/nina-bar-b87945170/
3. Sales Specialist :  Juliya Whale (Ukraine)
https://www.linkedin.com/in/juliya-whale-483753173/
4. Sales Specialist : Maria May (Ukraine)
https://www.linkedin.com/in/maria-may-958667173/

And I have not seen information from the financial services authority (OJK) legalizing the exchange site.

They're totally a scam, for no reasons, they will randomly block withdrawals from some accounts.

... it's just another usual ching chang chong crypto scam


fucking chineses

There seems to be a lot of questions like you, that is this really a scam exchange? but I also did not see any doubts about using it. once again very much appreciate and thank you for the information given about https://exrates.me/dashboard, hopefully you can be careful too.
but it is better to provide information as well as evidence of transactions to support trust.

here's a nice example for anyone who's naive to actually want to put there crypto or hard earned cash on a manipulated exchange.

https://twitter.com/Exrates_Me/status/1110156282441289728 go look through the posts and tell me how many times you see someone post "ok" now lets actually use our heads for a moment and think to yourself what kind of comment is that and what kind of person says something like that? theres more than 1 person commenting with that same response (highly doubt thats even a person more like the bots going abit retarded).

oh and don't even bother throwing your money into Etheera either thats a manipulated shit coin, unless of course you're a collector of shit coins then go right ahead.

I have suspected exrates as shit exchange site from the beginning and it looks like etheera and exrates are using both to create a lot of shitty comments on its twitter. Almost all of accounts are using russian names.
the volumes of exrates more than 90% manipulated. 

Looks 99%,to be honest.Because they reported huge volume and good price to CMC but actual condition is different they don't even have any orders near the reported price and I am also having the bad experience.

You'll find alot of the shit exchanges like to have an overly priced bitcoin to draw people in thinking they're going to get a good profit from selling there bitcoin (arbitrage) and that's how they get ya, once you make that deposit you'll probably never get to withdraw or if they do you'll get slugged with the worse withdraw fee

Bitebtc ring a bell anyone?

Hello guys!

I have recently done some transactions in Fiat deposit and withdraw 100 Bitcoin atom. I got 95.80 BTA.

There are some issue now in Fiat deposit. But i think you should be careful enough while doing any huge investments.

Better go for reliable exchange like binance.

I sent 25 sumo (sumokoin) to this exchange but they have no volume. I want to withdraw my coins back, but system allows minimum 560 sumokoin to withdraw. I hate this kind of exchanges. I will never use exrates and unknown exchanges.

why would you sen your funds without checking them first ? its also normal for some exchange to have a minimum coin limit for trades   .  i dont heard this is exchange before but this could be one of those unknown exchanges that we should avoid just to be safe .

p.s : there were also lots of negative feedbacks if you will only do a backread  .  why didnt you scanned this thread  before trying something that your not familliar with ?

It's useless to ask that question since he has sent his sumo coin on there.
When i search on CMC, https://coinmarketcap.com/currencies/sumokoin/#markets thta exchanhe even didn't listed as one of sumo coin exchange, that's why the only one way to withdraw hid money is buying more sumo coin and then withdraw it.

Because I am clearly stupid:) I had to switch to sumokoin in my rig to test, couldn't install sumokoin wallet when I was at the office. I read on some where, tradeogre is still using old wallets so found this one :) Although balance is very small, i feel myself stupid without checking their rules.

I really had a bad experience with this site, deposited my token to trade only for it to vanish when I clicked the sell option without me receiving my payment and my tokens gone. I opened a complaint but never got an answer

I couldn't remember exactly, but they were on CMC or coingecko. But I don't have any idea why they were removed completely. It looks like your solution is the only choice.

I am having huge problem with exrates as well. deposited Beetle Coin and been held in my wallet for more than 6 months without being able to withdraw nor sell. Complained many many times but falling on deaf ears. These guys have all the traits of scammers. Integrity is almost zero. Yesterday I managed to execute the withdrawal feature in my wallet but have not received the coins in my receiving address. emailed them twice to enquire but still no reply. Bloody frustrating

Tested.Not scam. WD takes time like a churchwalk+

I confirm that this is a scam.

At first, they let to withdraw a bit
https://i.imgur.com/FAej3m5.png

But then it stopped
https://i.imgur.com/j1ALoud.png

Here is the support answer:
https://i.imgur.com/hvA1cjh.png
This is not true, because every time I logged in, I received a notification with my IP address. There were no banned countries.
They simply stole the deposit.

After it turned out that there were no authorization attempts from the banned countries, the reason changed to “suspicious orders”.

Finally, now they have obligatory KYC for all users without any prior notice.
And I was banned in their telegram group after asking who is their CEO.

https://i.imgur.com/UZ1UDo1.png

Exrates scam exchange they didn’t let me withdraw my bitcoin and they said suspicious activity and I didn’t do any thing and banned me from telegram     

Exrates.me is bad reputation exchange but i am not sure that regarding scam, recent activities are very suspicious. I have no interest to use this exchange but since 2018 i opened an account just deposit 1 coins which one is listed in there. So i have no way to deposit, i sold in ETH pair and successfully withdrawn in my coinomi wallet. I am not experiencing in the current time.

Exrates is one of the shit exchange ever! I want to mention Coinlim, Coineal names too because these exchanges follow the same way to make people fool and lost! P2PB2B, Coinsbit, Latoken all are same garbage exchange. Though I don't have a clue that they direct scammed people but if you are right then everyone should boycotts these exchanges right now!

If there are no reason for an interested token to list on the exchange one may not have any encounter with the exchange for trade. The exchange itself has a difficult interface to relate with, wash trading. Rated at top 200 exchange and can dump a project with sole listing. Darc matter after so much argument got listed on the exchange and had drastically dumped, no liquidity and few visit on exchange reduce the volume trade for such an interesting project.

I think about cryptopia you have wrong concept, Cryptopia isn't a scam exchange or exist scam. Hacked and scam not same things, for hacked exchange owner can't recover member's assets. Actually it's attacked by hackers we are know that, notice is given in their website when affected, you don't know. Cryptopia is too better than shit exchanges exrates or p2pb2b,

I came on this exchange after years and found a small btc balance. tried to withdraw, and they asked me kyc...

Were you ever able to successfully withdraw? I'm facing the same issue with this scam exchange...it's been a few weeks of trying

I've traded on this exchange before and their withdrawal was processed immediately maybe they've changed? Well I was forced to trade on there because the token is only listed on this exchange, I normal stay away from such exchanges because they aren't reliable

Deposited a few low value cpuminable coins there .... put in a trade order - no results at all ..... kept checking periodically and I see just recent a week or two ago now - exrates.me does not appear to exist anymore.
Tried to contact their email - no reply - bounced email - address not working.
So I suppose that's a lesson - those coins are obviously gone now - good thing it was not many coin and also not much value.

Error 521 Ray ID: 6f9135b02b896820 • 2022-04-09 06:33:10 UTC
Web server is down

Browser - Working
Seattle Cloudflare - Working
exrates.me - Host Error

if you say fraud you must provide evidence because after all saying fraud must be accompanied by clear evidence, people will understand and believe more if you provide evidence such as screenshots etc.

It would seem so. A perfectly execute exit scam. According to Trustpilot, you are not the only victim.


What other proof do you need when the website is already offline? ::)

Red the Trustpilot reviews and see how many people are complaining about getting scammed - https://ie.trustpilot.com/review/exrates.me

Already predicted by some users who got scammed. Finally the host get shutdown and exrate was coming to its end. Just leave your coin as it's already gone. I have some tokens got deposited into this exchange site and i can't even withdraw or open my account again since a long time ago.
You're not the victim but the question is there are so many similar exchange like exrates but people are still using this kind of fraud exchange sites.

Exrate doesn't have liquidity or even users. that's full with bots. that's why your order will never be executed. RIP exrates