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I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

reporting fake volumes doesn't deceit either traders nor the coin owners! fake volumes is just a technique the exchanges use to stay on top of the ranking and attempt at competing with each other.
besides, they all do that. nobody is monitoring them and their reported volumes so they can do whatever they like and there is no damage done so nobody cares.

And how does it affect you that the exchange has fake volume? I do not think that you will recognize it. Fake volume brings only fake trustworthy, so be careful and do not leave your crypto for a long time on such exchanges.

Well; exchanges are not recommended to keep or store your assets

Regarding volume; it is not entirely everyone’s fault; both project dev and exchange wants to remain on top
Coinmarketcap also promotes fake volume

Which is why doing your own research is always recommended

It is still deceiving no matter if most of them are doing it. What is the goal of doing that? To attract traders and fatten their pockets from the trading fees because they know traders go to exchanges with higher volumes. 

I have none because I don't trade on exchanges,if I deposits my coins on any exchanges I quickly sell or buy instantly and withdraw, I think the safest exchanges now is decentralized exchanges

You may be right but i am not only talk about volume but also about bad experience with exchanges.

Well, probably some exchanges may use certain tricks that sometimes are not good enough for the users such as price manipulation and also fake trading volume. However, we can also analyze from the other sides about its trust and also how the features and security of the exchange. So far, I have no bad experiences with certain exchanges. All exchanges used are fine enough. But, we must be careful when using forkdelta because there are several fake coins that we can meet.

Some exchange that I recommend not trade on it is Latoken, HitBTC, Coineal, IDAX, ... because most of these exchange do not have real volume, most of the volume is from bot of exchange

I have experienced with some bad or even a scam exchange site, my lists are latoken, yobit, idax. Yobit is the worst exchange site in my life that already scammed me more than 0.1 btc and latoken has scammed me 4 ethereum.
Idax is full of fake volumes and shitty response to the users, exrates are at the same level as idax too.

There's a lot of exchanges that were reported in the scam sections, although I have not experienced some of these, they locked the tokens of their users, some of the deposit and withdrawals are not showing up although in the blockchain they are verified, to avoid these exchanges better check their issues in the scam section.

I read about yobit and idax are very bad exchanges, but it is 1st time for me to know latoken is scam.

Indeed there is some exchange who have a bad reputation if I see on the scame accusation but I never use them by myself. I haven't felt the worst exchange when I trade because when I started to trade I'll find a more information against the exchange especially the exchange which I new to use it. But most of my trade only use binance and I havent't found a problem when I use it. Just a little suggestion, find a reputable exchange such as binance, OKEX or bittrex to choose for your trading place. I haven't found there is a user who had a problem with use them, don't try to use an exchange who has a bad reputation you will regret when you found a problem.

Of course there are good exchanges, but we are talking about bad and scam exchanges, we like to hear about your experiences with those scam exchanges.

Still no experience with idax but I can attest with yobit. It's known that they have been listing coins that are likely to be scam and of no volume. Their support is worse and it will take you forever before receiving a reply from them.

Some testify that it's a fine exchange because they haven't experienced any problem but there's more complain than those satisfied traders there.

Bitebtc is one of the popular scam exchange. They have scammed a lot of people, not sending the withdrawn amount. They have a self moderated thread here in the forum. Yobit is infamous exchange with it's shady behavior and a lot of ponzi running on site. A good place for pump and dump.
LAtoken is another large exchange being accused of shady behaviors. Liquid had some problems in the past but I guess are now solved. Bitforex too has a lot of accusation for the exchange of that size.

Liquid.io has been closed.

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Yobit, their support is very very slow (your response even not to get solved for a long time if you have some problems on there). Beside of that, their volume also looks like faked by pump and dump. Better to stay away from them

The exchange I don't recommend is a clone name of HITBTC which goes by the name "HIBTC", please take note of the absence of T after I in the fake exchange. They boast of transaction mining and other stuff to lure traders in but will never pay big withdrawals.

Yobit does not have supports for their users, not slow-supports. I think there is no support from Yobit to their users. However, it is likely incorrect to judge Yobit is a scam exchange. They are a shady, no-support exchange, but has not still been enough to call them as scam one.

Its simple, dont trade with a small exchange platform. Because its really not safe, went they platform got hacked or something like that. Just trade on major exchange, example like binance they have SAFU to avoid the problem hacked so all costumer not really worry about that. But of course the best place to keep your asset its your personal wallet.

I've seen few people that actually received reply from yobit and that's a very rare case. Someone received a reply after three months IIRC. And that's really inconvenient for someone who's looking for a good exchange.

These reviews will help other traders to look for the best exchange that they can stay. As mentioned, avoid also those exchanges that has fake volume. There's a tendency that they will scam your money in the future and that can happen through locking your funds/account.

Just don't trade anything below the top 10 (by volume) (https://coinmarketcap.com), you can avoid so many issues that way. I still don't know why people do anything other than that, the risk is too great with the reward is often slim to none.

I know a lot of people who follow this rule and it's recommended by "veteran" crypto traders.

Yes this is the purpose of creating this post, to avoid those bad exchanges.
Anyone know any information about bad exchanges please share it here with us.

Just use good exchanges. sometimes you need to go to not so good exchanges because that coin is listed only there. You will soon see if they have fake volume since you will not be able to trade your coins without extremely move exchange rate. Shit happens. But reason is that you have a shitcoin. If you use normal coins you can find good exchanges to trade.

Stick with reputable or high volume ones you wont face up any problems in regard to that matter.When it comes to bad exchange
then i do say Yobit exchange is the worst of them all giving you some headache on using plus big fees and maintenance wallets and hold up withdrawals.
Wash trading is pretty common or fake stats thats why stick mostly into binance.

I think choose exchange according to volume not accurate.
Some users here reported that some exchanges are bad even with high volume as this exchanges report fake volume.

Tales about exchange that scammed users will lead to spamming. The best way to go about it is to report the exchange with vital evidence on the right section of the forum.
You owe it to yourself to be very watch full of exchanges you use don't go for low standard exchange or new exchanges(not yet proven their worth)

There are many exchanges in the space that are just scam, no or little volume  but because of the wash trading they reports huge volume on CMC, the worst thing this exchanges do, is that they allowed you to deposit on the exchange but have huge problem withdrawing from the exchanges. For me these are exchanges to avoid at all cost: HitBTC, Exrate, IDAX

Must read - https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap

While you are crying like a kid about exchanges cheating on users, see how this guy turned an illegal scene into legal profession, what a progressive mind some people are the Kings of! I am not in favor of these fake volumes but as long as they make your invested alt look more worthy than the others listed, I will support it as we need to get out of our investments with the best possible returns over them because we already lost a lot in 2018.

There are hundreds of exchanges available here but the truth is most of them are not recommended to use,so better ask for the most prefered rather than what not to choose from.

Anyway you can avoid the exchanges like yobit,hitbtc and all the exchanges which are reporting fake volume on the coins traded in last 24 hours.

Some exchanges not only deceive traders through fake volumes but also conduct fake IEO on their launch pad, thereby making investors loss completely. I just trade on the reputable ones.

I think it's best to use known exchanges. It seems to me there's no point in taking unnecessary risks. We are already taking enough risk with crypto trading.

Apparently you are about this: https://medium.com/@info_85454/idax-pro-scammed-crypto-projects-for-up-to-5-000-000-usd-c2d10a0dd14e

This is not my experience. But the article is very informative. I also noticed that on this exchange are trading coins of scam projects. I have no evidence of my words. But I will say, before trading on this exchange, look for reviews of people who have traded or have any case there.

P.S. The IDAX title can confuse people that this is a decentralized exchange. Cunningly, is not it?

In my opinion Coineal and IDAX still have fake volumes and many people say don't use them anymore, look for real exchanges in trading volumes such as Upbit Binance Gate and use large exchanges to trade in order to secure your assets.

Normally when I feel some exchanges are not good I will never keep my funds on that exchange or been using it. Then and if there is any scam item by the exchanges normally users used to report them on this bitcointalk forum with valid proof.
So so easily avoiding scam crypto exchanges and stay with the top exchanges which have good reputation as well as volume and circulation.

yes I have also heard that, I hope I am not trapped in that hot hole, maybe we should see how the exchange is in the volume and recommendations of many people, we must really investigate first before we make a trade involving our assets.

There are some exchanges that record fake volumes thereby attracting investors to trade on their platform. I prefer to trade on the well known or popular exchange sites rather than the unknown ones.

Well, very few cryptocurrencies are compatible with atomic swaps, and most decentralized exchanges only feature support for the major blockchains and tokens.

Novel blockchains with unique features are often excluded due to the difficulties of integration.

My worst experience ever with an exchange happened to be hotbit. I saw my coin being traded there actively and I moved my coins there for trading only to realize that it was just a bot that was doing the buying at the time I checked the exchange. The bot usually buys below my orders always until I sold very low to those willing to buy very low at that time. I didn't want to keep those coins on me because the project was on the verge of dying.

I don't recommend to put too much money on the exchanges especially on the exchanges that has a low volume of trades and be ware to those exchanges who are just faking the volume of their platform. I don't have any bad experience on the exchanges aside from a higher fees of DEX but it is still ok to trade on that, if your coin is listed on that exchange then you have no choice but to use it. Again, don't store any coin on the exchanges because its not safe.

We can't do nothing about that, only things we can avoid those shit exchange that are not belong on top 50 in the market.
But as long as it is listed on top 10 at least, I could say its recommended in my opinion dude. So as trader we need to be careful
and wise in choosing platform that we are going to make a trade.

do you know if exchanges can be manipulate easily
i was read news yesterday if a person can manipulate volume by pay 15K USD

If you have seen Bitpaction exchanges in 2017 and 2018 you will see tokens that cannot be withdrawn when you want to withdraw a portion of your altcoin.
My advice is, Always be careful what you need to do before making a deposit to a new exchange.
always ask questions before you register for the new crypto exchange, the number of fees and some other questions such as the minimum deposit amount.

During this time, I have not had a problem in using an exchanger service either withdrawal or trading. There may be several crypto investors who have problems but I have not experienced what they have experienced so far. I think it's important to choose an exchanger that has a good reputation to avoid the problem of withdrawal or anything else

LAToken, there are lots of bad coins traded, you have to be careful LAToken is indeed registered at CMC as one of the biggest exchanges but it is just a fake

I have not use them before but this seem to me like a scam exchange. This is probably going to be the worst exchange. It is only in some gambling website I have heard this before. To me I have bad experience using Latoken and Dobitrade. These are the two worse exchange I have ever used. I can't advise my enemy to use any of those two exchanges. Dobitrade has a lot of scam and dead project. They don't delist and you can actually check to confirm this. Presently, there a particular scam project called BNOW. It was listed on dobi and up till this moment, it is still there. Latoken traffic information is mad but you will never believe they have zero liquidity. They are dumping ground for many dead and fake ICO and IEO.

Fake volume is reputed to be present on even the top exchanges, it's somewhat a reality that traders and investors are to cope with. Reason why I do not much value trading volume as a criterion when searching for a cryptocurrency project to get involved in, I look for other parameters, which are more difficult to falsify.

Always be safe on exchanges, do not store your funds.
Invest only what you can afford to lose.
And do your research.

Since this is the purpose of this thread, you should start editing your first post and include all of those reviews and experiences that has been said for the specific exchanges.

So that everyone who visit this thread will have a nice welcoming thread to start with by reading those reviews. It's like a compilation and you can just summarize according to what you have read to make the work easier.

Bitebtc, Latoken and hotbit. These are the exchanges I never trust. volumes are fake and customer service sucks too. I was unable to log in to latoken for days due to a 2FA code error. the customer representative did not care at all. after a few weeks, it recovered spontaneously, and I withdrew my entire balance and never used it again.

So true. Even though it initially looks like a working product, but if it's still just launching, there are usually still many gaps. We must be careful.
Other types of fraud under the guise of exchange are fraudsters who pretend to be admin, we must be careful, usually, they cheat by asking for some funds.

The list will become longer and longer because exchanges born and die over time. So, I think we should stick with essential rules. People tend to be greedy and fall into traps of new born exchanges, with airdropped, ref campaigns, and so on. Then, weeks or months later their birthdays, they make scam exits. Consequently, greedy guys lose their money, and maybe lose their main emails too (if they use main emails to register accounts on scam exchanges).

There are so many exchanges that is not recommended to use because of the fake volumes that can cause us hype to other people and it mislead also to us. Trading Bot are everywhere right now on every exchanges you should find an decent exchange with popularity on the coin marketcap and check the updates of the exchanges everytime on their social media accounts

I'll probably never use Yobit again, not because I've personally had any issues with them, but a lot of other people have.
Like, they're often de-listing coins and do not give you an option to withdraw them in time.

Another exchange I probably won't use again is crypto.com, their trade limits are just way too strict.
Now I have a bit of fiat money on there that I can't even use for trading, because the buy limit of all coins on there is too high.

I read a really good article about exchanges in general. Someone put a lot of effort into that research, compared a lot of exchanges and found their main mistakes. And regarding fake volume, there was a good tip on how to recognize it with volume patterns. If we're looking at the normal distribution or close to normal, most probably it's fake. No peaks - probably fake.

Always go for exchanges with good repute, most exchanges reports fake volumes, not to defraud users but to compete for top exchanges.

And what are you supposed to do with delisted coins then?

I don't understand at all. Why do you wanna use the unknown and unreliable exchanges.
There is a decent amount of reliable exchanges .. for what  is this extreme?

You are correct that some exchanges really do such things that is why we need to be very careful in doing transactions. I think we need to research for the current latest scam report of these exchanges so we have the idea when we encounter that exchange.

I saw that most of the new listed tokens in Latoken, there tokens dump to very low price, my advice is don't trust coinmarketcap exchange ranking, after tried to sold tokens in there, then you will know that it's fake trading volume, another same types as Latoken is Coineal.

One of the exchanges I have had a seemingly bad experience with is hotbit, was shortchanged when depositing a particular coin their then known as BDT and the coin was greatly dumped which the team complained it was the fault of the exchange, aside that the had the highest withdrawal fee among all the exchanges I have used

latoken, bitforex, bw, hitbtc, idax. I do not recommend because the volume is fake and also withdraw a few coins, it takes almost 12 hours, the rest that is not recommended is hotbit, because there is an exchange killer, almost every token that starts into hotbit is always dump and last time, deposit a deposit and withdraw very long time it can even reach more than 2 days and in some cases there is a scam because more than 7 days of withdrawal still hasn't entered

The only thing I can recommend to our fellow crypto enthusiast is never put your Altcoins in exchanges for too long because not only exchanges are prone to hacker, exchanges can be a hacker itself too like they make an announcement that they will suddenly need to close their exchanges and most of them don't announce that they are closing their service instead they will run away with all of the coins deposited on their exchange.
for Example Octaex and other exchanges.

There are many bad exchanges i have decided not to trade on anymore, the list goes thus:
1) p2p bad UI/no volume/bot trading/
2). Latoken bad UI/no volume/bot trading
3) Idax scam acquisition from CMA tea/bot trading.

of the three exchanges you mentioned I only had time to wear a latoken exchange. that's all I use it because it sells tokens from bounties listed there. I am not really sure about the trade that happened in Latoken. all like manipulation.

I think the majority of exchange platforms are currently counterfeiting the volume of transactions, some sophisticated frauds are difficult for users to recognize, some are crude forged. I have a lot of cases where orders are constantly being executed but my orders are not executed even at lower prices.

I look most exchanges and I laugh at the kind of deceit portrayed using fake volumes. I remember trading on exchange some days ago, my set sell order was quite low but I just watch as orders higher than mine were picked what do you call that? I just wondered, which normal trader will pick a high order rather than a low one? Smh

HitBTC, their support service is really the worst. But then this was like a year ago since the last time trade at there.
Don't give them any chance anyway, just avoid it.

my only bad experience is with yobit , they have alot of coins that go to the wrong chain and when you deposit you just lose your coins and most coins which have a great pump it is impossible to make a deposit

Then you do what you suppose to do and stop using the exchange since you have noticed this activities by the exchange. The most mistake newbies makes is still continuing on an exchange with numerous complain.
You don't have to loses all your funds on an exchange before realizing what to do

For yobit, I have had problems when trying out their investbox, but for transactions, I have never had a problem, and I have also had problems with Poloniex because they enforced an update so I had to do the problem, the old user had to do it and I failed and I lost my assets there , finally I had a problem with P2PB2B exchange withdraw coin problems and had to wait up to 7 days

Statistics have more than 1000 active trading platforms, only about 100 trading platforms have confidence for traders. Many trading platforms have poor support systems, or insecure security that is easily compromised from outside, or platforms created for the purpose of cheating money from traders there. Use a virtual volume creation bot to fool traders. The advice for you is to trade only in safe and high-volume trading platforms like binance, okex, houbi, ... https://coinmarketcap.com/rankings/exchanges/

During this time I only trade on exchanges that have large volumes such as Binance and HITBTC. Be wary of new platforms as they can still be manipulated. The Exchange site is very much and many people are complaining because they feel deceived by the new platform. I think it's better to do a safe trade.

There are some new exchanges that are just out to scam crypto enthusiasts. Some are copycats of some good exchanges like for instance,  Hitbtc has a copycat called hibtc. Most of them target traders who deposit huge funds and deny withdrawal. I mainly use Binance, Kucoin, Huobi, Okex, Bitfinex, Gate.io for safety.

There is no exchange which guarantees you security, but of course, it’s for sure you need to use large exchanges which have a reputation. It is not a good idea to trade on the pump exchanges and ALWAYS before deposit your funds for some unknown exchanges you need to teach the reputation of this exchange and what users are talking about it

Actually, those exchanges are numerous on coinmarketcap. There's been a case where the project CMA wrote a post about IDAX and its fraudulent ways of conducting IEOs for project owners. This and more are some of the shameful stories you will hear  of these exchanges

The main problem most exchanges have that really discourage me from using them is fake volumes and not trading. It's not cool. I recommend mostly Binance for trades. I can only use other exchanges only if the coins I want to trade isn't listed on binance. That's just my stance.

Are you still using HITBTC? they have very big commissions. It seems to me that very soon traders will start to leave this exchange because the withdrawal of funds is very expensive

There is a lot of exchanges that serve a fake volume & trades, some of them that i already experienced are Coinbene, Hotbit, and Bitforex.
And the most exchange that bad and i hate so much is HitBTC, they're just charged too much fees for most of the tokens & coins. $7 - $20 just for fees are way too much for me.

I used many exchanges in last few years and most of the exchange have problem. There is very few exchanges which are goot like binance huobi kucoin okex and few some. Some small regional based exchange like wazirx(India) is very responsive. But some big exchanges give me some bad experience. One of them is latoken. Onece I withdraw my ethereum but it takes more than 5 days to come to my wallet. I wanted to contact them but there is no response. I also onece face some problem with kucoin also. At this moment I mostly prefer Dex and binance. Sometimes huobi that's it

I this market nothing is trusted sometimes. When I saw something like binance is hacked it's really awful. And the one of the main things of this market exchanges. And most of the Exchanges creating fake volume and fake trading. That's why I did some research and choice some exchange only this Exchanges I use. In centralised exchange I prefer binance huobi and kucoin that's it. Nothing more than that. In Decentralised one I always go for ddex and switcheo. Recently I am using binance Dex also. That's it for me.

Any particular way how the exchanges deceive traders? Anyways, I do agree that exchanges aren't the best platform (but easiest way) to exchange coins. But, there are fees that eventually add up and it is only when you make a huge exchange you realize how big and ridiculous the fees are. Again, there are chances of exchange getting hacked or scamming you. For this reason, making p2p exchange is the best thing you can do.

There are host of bad exchange that I will not recommend for anyone on this platform to use. The first among then is Yobit. Up till now, I find Yobit too difficult to interact with since I started trading in 2017. If you deposit tokens on the exchange it will take ages to deposit and you keep writing their support every damn day. Another one is P2PB2B. This exchange is know for bot trading. If you place an order on the exchange the bot will just fill 1 token out of 10k tokens. These exchanges are not worth and exchange and I don't see them as exchange with good future.

I can not specifically say about trading on the exchanges listed by you, but my buying and selling experience at HitBtc and Idax left a positive impression.  About Latoken heard from many users and reviews are mostly negative.  My trading experience with this exchange is usually sad.  I made a deposit of tokens and, as it turned out later, below the minimum deposit level of these tokens.  Later I decided to buy tokens and add balance to the trade.  But from the support of the exchange I heard the following.  They, referring to the rules of their exchange, stated to me that the tokens were lost and, like, we can do nothing to help.  Conclusion, carefully read the rules.

I don't have any problem using exchanges except for a few, a number of exchanges make it difficult to withdraw funds, some require rigorous verification, and the unending cases of hack. Apart from these, I find exchanges very useful for crypto.

Fake volume is the order of the day now and many exchanges are doing it just that some are better in covering up than others. I think it always better to withdraw our assets if we aren't trading them for long because most of these exchanges are not to be trusted.

Not only had a lot of problems but yobit already know by so many people as scam exchange site from the beginning. The only exchange site that offers the same mechanism as bitconnect was yobit. Remember about there was a problem with its signature campaign this time it's not clear whether the participants are getting pair or not.

Well, I have never come across any exchange that has deceived a trader or developer, I only know that we have quite number of exchanges that are under performing because they lack the volume to do so, most new exchanges are not gaining much recognition because the larger ones has gain so much popularity and trust of the current users that we have in the market.

If there is any exchange that is practicing what you said, it will surely be same projects and the exchanges that I know has closed up are as a result of their system being hacked, expect maybe it was just a tactics used by them to steal people’s fund. So if we talk about under performing exchanges, we can list a lot, but exchanges deceiving? Not seen any, except exchanges with fake volumes.

i would say poloniex. i remember how they cheated during an xrp pump 3 years ago. they locked the trades for a while and then opened again saying the server is overloaded. anyway nobody uses this exchange anymore.

3 years ago, lots of issues occur with Poloniex, not only with Ripple. The site crashed for so many times, and each time they openned their site, margin crashes killed lots of marginal traders. I remembered those days, and that was one of reasons why Poloniex shut down its troll box.

During this time I had not had a bad experience with an exchanger except cryptopia. The cryptopia was closed because the exchanger was hacked by hackers and currently in the process of liquidation, but besides cryptopia, I think there is no problem. Choosing an exchanger must be careful so as not to occur like cryptopia

The point is that if you have big funds, don't keep it on the stock market, which has a bad image or a lot of fake volume, but save with real exchanges like Binane, Bittrex Huobi, Okex, it will be safer so there are no problems.

Based on my experienced for using exchange in which is not good to me at all are Latoken, Etherdelta, Hotbit, Yobit,
and Waves platform. These are all up to you, this is just my opinion and sharing my bad experienced in different
exchange.

The things you said above I really agree. I thought about the latoken and some other trading platforms. Please take a loss, here I am not talking about security or transaction fee. I would like to say that trading platforms create bots and create virtual volumes. However, when there are some currencies listed, it doesn't even have people interested in trading. So what is the ICO program for, where the investors' money will be

One exchange I would never advice anybody to use or store their funds is Coss exchange, I once deposited a coin there and the wallet immediately started showing that it is on maintainance mode, I asked my friends and theirs is normal, this incident happened over a year ago and up till now, that particular wallet is still on maintainance mode and my funds has been lost, support didn't even bother replying me.

These are very familiar exchanges with bounty hunters when their projects do most of them listed here. For traders, this is not a good exchange to trade, but you can buy cheap tokens here and that waiting list is listed in the big exchange. At that time, the token value is increased and you can earn a big profit

There are some instances that it is part of marketing strategy to attract traders to let them discover if the issue is real. Bad trading result is not the exchange problem. No one to be blame as we are in digital scene.

Exchanges are mainly made for trading purposes so once you are done with trading, just transfer all your funds from the site back to your personal wallet. If you leave your funds there and it gets lost, you dont have to be blaming anyone.

I just heard this, I have made several transactions at LATOKEN, I will not transact there again.
what about IDEX?

There are very few centralized exchanges don't ask for KYCs, but you can choose decentralized exchanges to avoid KYC requirements, if you don't want to do it. Crypto Bridge is one of good decentralized exchanges for you.

I did not fall for such. However, I saw how large scam projects were trying to drag investors into a certain unknown exchange. For example the project NEluns.  I do not really trust and do not know all the exchanges. By this, I check them on CMC.

Most of the centralized exchanges don't ask KYC if you only have small money there, if it is a huge money maybe that you withdrawn a day maybe more than 0.5 BTC they would definitely ask you for KYC. Even in Binance they have withdrawal limit of 0.5 BTC if i'm not mistaken for non-KYC users and most of the users have no problem with that. However I still can't deny the fact that submitting your ID for KYC will grant you freedom by sacrificing your anonimity.

I was once paid a bounty. I was so patient and waited and then it went up and I was pleased to sell it off. The only place that traded the token was OKEX and that is the only reason I used them.
They wanted my phone number which I did not like one bit, I did it anyway since I wanted to sell. I deposited with no problems. I traded for 0.025 BTC which was a handsome reward for the work I did. Wating had paid off and I had doubled the investment since I was paid the bounty. I then go to withdraw.....

Some crap about "suspicious behaviour" I don't know what is suspicious about making a trade and wanting to withdraw so I immediately knew what was going on. They were counting on me not to reveal my KYC so they could keep the btc (which they did) I haven't logged in since.

They held my btc ransom and exploited their position and blackmailed me. I will never use CEX exchange ever again. They will always use KYC as a weapon.


I am too afraid the CEX exchange steals my crypto and blackmails me for KYC. DEX will not do this to me. They risk is less. MY money is my business anyway. It has nothing to do with anyone else. I fill my damn tax form at the end of the year I don't need some faceless clowns from an exchange telling me what to do and how to do it. They don't even know they laws in the differnt countries.

some let us not do KYC, but there are minimum deposit and withdrawal limits that we can do. yes if our goal is to trade I think choosing a really good exchange is the right choice. but if it's only to sell coins from a bounty, I guess wherever we can sell it.
but my advice is to avoid yobit.

Most of exchanges on the market are trash at the moment, because all of them are manipulating trading volume and token prices. Binance, Huobi, Kucoin and IDEX are my favourite exchanges, because it did not mention any suspicious activity on those exchanges.

I am still not faced with problems, i am used not many exchanges it was IDEX Latoken Coineal and STEX.
All this exchanges i am use for selling token which trades only in one of this exchange amd allways successfully withdraw my funds

As long as I trade in exchange I have never experienced fraud from an exchange. I also haven't found an exchange that cheats trade. hopefully not bad things don't happen to me.

I personally have not yet got to the fake exchange and very happy about it, as my friends were on such exchanges, and then could not get their money back, so be careful with the exchanges

I think all exchanges are cheating, because they showing unreal volume of trade, also dont hold your funds on exchange, I was holding tokens on coingather, they stole all funds and close the site.. :-\

The main problem of these exchanges is they can do whatever they want. manipulating the trading volume is the main problem. they do that to attract traders to the exchange.  no one can know it.

I least like the new exchange. There are still many bugs and obstacles in the transaction, sometimes the support is also not responsive. So it's better not to save funds in exchange wallets, the risk is too big, a lot of manipulation, including the fake volume you mentioned.

Fake volume is the exceeding trouble in crypto exchanges, they use trading bots for increasing the daily volume which is fake. The fake volume draws more attention from investors and traders who realize this experience after visiting the exchange. New exchanges don't care about the traders and they are there for making money. Bitcoin pairs are mainly used for bot trading. 

Actually, i will keep in mind all exchange not recommended because we dont know what will happen, there is no guarantee the exchange keep active.

I dont know about not recommended exchange because for me, i worry to try exchange which dont have reputation

Remember to choose only in a site which really has good reputation before. Don't keep too much money on new exchange site, if they are got hacked, their site will be close and you lost your money. Choose like binance or poloniex, even they ever got hacked, they are 100% responsible for any user which their fund have lost during the hack.

Almost all exchanges inflate their trade volume, the data you get on coinmarketcap as the total daily trade is inflated, that is why a single buy order of say 100 million USD for bitcoin can be enough sometimes to shift the market position. What one should be more bothered about is if the exchange are not going to pull some exit scams on users, those are the more serious concerns

yeah you judged all of them before research anything.
This is your fool when lost of your on exchage, because don't researcing and asking where your invested.
post it to https://bitcointalk.org/index.php?board=83.0 when you have scamed or posting there when you fund new one.

anyone who used that exchange site already known very well about any risk that will be gotten by them all consider about that's centralized exchange site. Anyone has already sent their amount to that exchange site in their consequences they must deal with that risks.

Always do your research when visiting new exchanges. Don't believe the reported volume. You should go see how thick the order book. You can also use a DEX, but find out if they can block access to your funds once they're down. A true DEX will not be able to do that.

I think that next scammy exchange will be Latoken and VINDAX, these exchanges showed that only care about quick profit.
See CMA scam accusations against VINDAX.

This your heading should have been some exchanges are not recommended and that will be absolutely the truth. Some are majorly scam who worked with fake ICO teams in which they connive to dupe the unsuspecting cryptocurrency investors which are mostly newbies.

My story is that - as soon as I settled on some of the popular exchanges - so they introduced KYC as a prerequisite for continued trading. I believe that cryptocurrencies were created for anonymity, and not to create the next stock market. Therefore, I do not trade on such exchanges.

You sometime get marveled when you hear the stories, some just fake volumes and even amount raised to just deceive investors to put in much into the project. Personally I don't trust any exchange I just do business with them when I need them.

Just stay away from green exchanges. Only use tried and tested exchanges

There are new exchanges popping up every single day, and a big number of them are outright scams.
I sometimes wonder WHY crypto hasn't moved to decentralized solutions yet, as we see exchanges getting hacked left and right all the time.

A great example of a true DEX solution is Stakenets Lightning DEX.

- Near 0 fees
- Fast transactions if you trade over the lightning network.

100% privacy, maximum security, and ease of use.
It's so decentralized by running on masternodes, that even if the devs was asked to shut down the DEX, they can't.

Do your own research on this one!

I this market there are many Exchanges available. But you can trust very few of them. Even sometim  trusted Exchanges are also fall. So be careful. I used a lots of Exchanges and simply speaking there is mnay problem regarding small Exchanges firstly the volume secondt the customer service.but in big Exchanges there is no issue regarding volume, and customer service also good. So if you have to use a EXCHANGE service you ACN go with either Dex or some pro Exchanges like binance or huobi or okex.

I can remember an incident that was happen with me. Normally i have had tread on "Mercatox exchanger".  Everything was Good but when i did withdraw from that exchanger to "Binance", my dollars had vanished. After some Research, Actual reason I've found is that,, Some exchanges doesn't support desposit/withdraw from exchanges to exchanges. So be careful about it.

As you know new exchanges launching every day, you should not join every exchange and that exchange have a good ranking in coinmarketcap that should be joined, I have a bad experience with HITBTC, don't join this exchange because of freezing accounts.

There gas not been any exchange I have had bad experience with, but at the same time, I am always careful of where I trade. I would have actually mentioned the name of an exchange, but I later got my fund, except that it was delayed for few days.

that's straight up an abuse. I mean, it's their own users right to trasfer the money to wherever they want. If an exchange doesn't allow transfer to certain exchange that's just the same as scamming.
That kind of exchange should be closed because they are the same as stealing their own users money.

LAToken exchange is the worst in my opinion, because a lot of tokens that are not clearly registered there and have no volume

I'm in crytpo since 2016, you didn't believe i used hundreds exchanges, the is that i love to trade on small coins because they've more possibilities of pump /dump, so i used small exchange and top exchanges too, and i knows about many many exchanges and believe me many exchanges have 80 % fake volume just to attract other project to get listed even some exchanges have 95% fake volume it's not just saying it's true, even i can find fake volume exchanges in top 20.

yeah, i agree with you. i don't know who's wrong on that case and why Latoken team not delisting some of coin that have no volume and they keep adding alot of coins, and dont forget with sistemkoin. honestly i dont have issue with them but there's alot issue with sistemkoin on scam accusiations board.

I am not boasting, I have never had any bad experience with exchange ever since I joined the cryptocurrency market, and even down to my local exchange, I am also very picky about them and I try as much as possible to go for the best of them after making my research.

Before Binance was launched, I started using Polenix, but before Polenix started having the issue they had then which would have made me have bad experience, I already switched to Binance, and I must say that ever since I have been suing Binance exchange, I have never for once had issue and even when they were hacked then, it didn’t affect me, although I was just amongst the lucky one.

Before Binance would have issue, I would have simply found another reliable exchange because I am not happy with the things that I have been hearing of them lately.

Personally, I believe a very few exchanges among hundreds! Because most of the exchange has fake trading volume, only bot trading, no real buyers and many other problems. People are very aware of Yobit exchange, now IDAX is the second one.

Unfortunately it is true that some exchange are guilty of cheating devs or traders, some go as far as manipulating trading volume and their order book for personal interest.

It's a technique that you have to know so that you won't be deceived. Many are doing that. So be careful on fake volumes. If you want to avoid being trapped by it, you should start learning how to read the chart. You won't be fooled if you won't let them fool you.

I do not know such exchanges. However, I try to avoid those exchanges that require my KYC, I believe that there is no need to provide their data for trading, but the exchanges want to insure themselves before the SEC and are afraid of it.

I agree with you. that some exchanges have fake trading volumes only bot trading. besides yobit and IDAX, I also found an exchange with a fake trade which is p2pb2b. even when i trade p2pb2b exchanges my coins are not sold but instead disappear somewhere. and surprisingly when the KYC process takes only seconds it has been received. this is a little confusing in my opinion personally.

I participated in IEO, with vindax i wait until receive my token after IEO, i am not sure if it scam or no but it look to me everything is good.
Please let me know why you think vindax may become a scam.

some exchanges are used to feeding people lies about how demanding a particular IEO sales is on going,fake soldouts here and there just to create fake awareness for the project and the exchange itself so that when ever other IEO comes up again they will have more investors

You got it wrong dude,CMA never did any IEO on vindax exchange pls dont share wrong information on here,CMA IEO was done on idax which after it became a success idax refused to send fund back to CMA team thats what triggered scam accusation against idax

Use an exchange on your own risk. It is not always possible to do peer to peer trading, so you can't completely deny the importance of an exchange. So far, I have faced problem only once like two/three years ago using poloniex exchange. My account was blocked do to some false positive alarm triggered by their system. Their support was one of the shittiest one and it took me more than a month to get my account unblocked.
No matter how much they say that they are secure, there is always a risk of them getting hacked. So be sure not to store your coins in an exchange if you are thinking of holding them.

1. Stay away from new exchanges hosting IEO projects,the most easiest way scammers can steal people's money is through IEO projects from new exchanges
2. You can easily lose funds to new exchanges because it will be more easier for them to close and exit scam,do not trade on them

Idax exchange surprised me to the core,after few new projects claimed that they scam they of their IEO funds on their exchanges it was all in vain because i heard very powerful organizations are backing the exchange which is why i think the exchange is not safe at all

I have a horrible experience with a exchange called BiteBTC. Once I deposited 0.10 bitcoin, but when I applied for withdraw, it did not allow the withdrawal. Only after that, I came to know that the exchange is a big scam. Stay away from the exchange.

I am very careful with my coins and do not trade on little-known exchanges. And I want to tell all the newcomers to do the same. If you do not know how to choose a good exchange, just choose a well-known and safe exchange and do not worry about your money.

sometimes some exchanges use fake volumes to manipulate traders, especially small trades, so my advice is trade on exchanges that have a good reputation, don't trade on small exchanges, because the security is not guaranteed

but sometimes small exchanges are doing those manipulation because they are still small and they want to do gimicks to attract traders to trade on thier platform while bigger/popular exchanges wont usually do a crazy thing that can damage thier reputation and can potentially loose alot of thier costumers  . im not saying that all small exchange are bad , of course there are some that still do thier best to stand out but in a formal way  .

Never really experienced much problems with cryptocurrency exchanges except maybe two. And they are all centralized exchanges. I have few amount on the exchanges to this day. I doubt I will ever recover them. 
The only exchanges I have never had problems with are decentralized exchange. I have peace of mind trading on them

Well, I don't have any record on deceitful exchange platform although there are tiers when it comes to service provision. I always recommend the Bitrue exchange platform to all forms of traders due to the security and low transaction charges. Also, investors get the chance to enroll in the PowerPiggy promotion where coins like BTR, BTC, ETH, DIVI,TUSD etc can be staked for 7.3% and upwards annual interests.

Reviews about HITBTC exchange are very controversial. Some complain about this exchange, others cann't say anything bad. I belong to the second category. This doesn't mean that users cann't have problems on HITBTC exchange. I can't say anything about that. I just didn't have a negative experience with them.

This topic useful, but very few write their history here. Maybe the use of specialized sites? Here, you can get the most complete information about the exchange, which we talked about - https://revain.org/exchanges/hitbtc

By the way, the exchange is not the highest ratings. I think that's something to think about HITBTC.

It is very difficult to trade on decentralized exchanges and it is very unclear for new users. therefore, for those who are not a very long time in the cryptocurrency, it is best to use Binance for example

i have never experienced anything bad with an exchange so far and i hope it will never happen in the future. so, i can't show which exchange is bad through my own experience. but according to the story and experience of my colleague, the yobit exchange is a very bad exchange.

i hope you are careful when using yobit.

Fake volumes on such exchanges definitely influence investors and gives false promises. Only when trading or exchange of altcoins are required, we should use these exchanges, if no other choices available.
We should avoid storing assets in exchanges even if it provides staking benefits.

I avoid LATOKEN and HITBTC the most. I think LATOKEN is a manipulation of their trade, and HITBTC is too expensive for transaction and trade costs.

I have bad experience in Yobit and LaToken exchange because im just lose my tokens after i deposited to these two exchange, thats why be careful when you dealing with Yobit and LaToken the two exchange platform has lack of informative guide for its users in terms of deposit,withdrawal,changing in contracts etc. and because of those lapses users may lose its crypto without warning. Lately i check with Latoken if its improve but still the problem persist, Same as Yobit the support was not exist thats why you cannot reach the team if you need help. if possible avoid using it. In terms of fake volume will thats normaly happening in any exchange so im stay neutral about that issue.

Most exchanges that are on coinmarketcap or coingecko are trash. Almost all of them are manipulating trading volumes and are using bots. And if suddenly, there is a good trading opportunity, they are closing deposits and going into maintenance.

Not until fake volume is been eradicated from the face of crypto world but for now even some top well known exchanges have fake volumes and are full of bots,the best exchange will always be DEXs and other very few top exchanges like binance

Fake volume affects the reputation of an exchange. The fact the coinmarketcap allows these exchanges to even be in the top ten says a lot about the status of cryptocurrency and why governments will never take it seriously. Volume manipulation is unfair and in fact should be criminalized by financial agencies but of course, where is the regulation again?

Reputations will ends up losing patronizers as traders will find different exchange to deal with their activities, exchange mostly careful and not to allow things to happen with them, there's a chance that there's exchange that allow this with bot and make things looks realistic they are good playing with those investors and traders who's aiming for some chances to work with arbitrage only to find out that the volume the exchange is fake and unreasonable.

I often see several threads about fraud that occur in exchanges but I forgot to save the thread page,I only trade in 2 exchanges so I do not know which exchanges are frauds,but some cases that occur in exchanges are many bots that trade.

I know that exchanges do fake volume, I was shocked this morning to even see that we have over 300 exchanges in this small market, and how would they not fake volume when they are all competing within the small market that we have, 300 exchanges are just too much and those are the shits you will see when you have something that is a little bit too saturated.

The only exchanges that I still trust right now with real volume are top 3 exchange, and they really have very solid volume and will never fake volume, these exchanges are binance, Coinbase and Bittrex, I am very sure these are without fake volume and I think these three exchanges are more than enough to really serve the whole market for now, it is not left to u individually to associate with them or not.

There are lots of exchange which are not good to get in. Even 69% of the exchange are nothing but a scam. I have a bad experience in a exchange called latoken. I used that exchange 2-3 times and no problem but last time when I used it thy postponed my withdrawal. I tried to go to the support but they also not answering. After 5-6 day they transferred my asset. It was a hectic poblm for me.plus son exchange used fan volume when you get in there you understand what the problem is. So b careful when you chose a exchange and always go with the big ones.

Many exchanges create fake volume to attract people. Andnfery few exchange are doing it right way.  So I would suggest exchanges like binance, kucoin,okex or huobi. And few Dex like switcheo or idax is also fine. Do your research ,read some review and then start to use that exchange .

Its not that little bit saturated but it is way more saturated i shall say.We dont need those numbers but there are still noobs who
do fall out on using unknown or small exchangers in spite on having lots of those who are on the top rankings.About liquidity it isnt
still an assurance that even those top ones does have organic or real numbers.There would be always some manipulation on numbers
but these would only be on minimal unlike to those exchangers who are on the floor which do obviously raising up some values.

So far the two exchanges that I used to use that has a lot of bad reports are already closed, people should careful trading on P2PB2B exchange, they have a lot of bad reports in the scam section, I left that exchange and so far all the other exchanges I'm using are all reliable and reputable, always do research and if there are bad report and confirmed you should take out all your coins asap and look for an alternative.

since i started to trade in crypto market .. i have never used a market that is not listed on coinmarketcap so i have never been fooled by the market .. then if you want to use a certain market you have to look for that market already listed on coinmarketcap..because all markets those listed there can certainly be trusted for us to use even though they have to use KYC

I think Yobit is a great exchange, no KYC many coins to trade and also has a dice to gamble, is been online since 2013 and never been hacked

1) Don't use small exchanges with no reputation

2) If you can, try to avoid exchanges to begin with

3) Use decentralized exchanges like Blocknet's DEX, and you wont have to worry about losing your funds, personal details stolen etc.

9coin.com is definitely the worst exchange I have dealt with! I understand that it is originally created in Chinese, but its translation into English is terrible. Observing the transactions that are happening there, I had the impression that 95% or more are bots and the whole volume is one big fake. I only made a deposit there a few times, but every second transfer had a lot of delay. I definitely do not recommend this exchange!

Yobit has too many coins to trade. Almost everyday they have listed any new coin/token on their site, make dump & pump a coin/token. Their dice also isn't provably fair, too many accusations about them, so i don't see a single thing for yobit to be called a great exchange.

It's for chinese only maybe.

Don't using exchanger https://bitebtc.com/ because this exchanger is FRAUD and Scamers , My balance in there is gone , I can't withdraw my fund.
More information check this out https://coinmarketcap.com/exchanges/bitebtc/

I've tried this exchange before and no issue at all. Did you contact their customer support and make a  screenshot of thr transaction history because it is not possible to just lost you funds without any trace at all.

Anf i think still Binance, Yobit, and Kucoin still the best for daily trade and also for a long term investment.

Please read this for more information https://bitcointalk.org/index.php?topic=4612714.0 many people have same problem with bitebtc including me.
I'am forget my transaction in there long time ago. And I no want to visit bitebtc again.

I think there are already many trustworthy exchanges, Coinmarketcap released hundreds of the best exchanges. You can see and choose it there. If you say there are exchanges there that commit fraud, you can report with the evidence you have. I think, you should not take an opinion in this matter without giving a concrete proof.

Exactly, we should be very careful when choosing an exchange because there are many fakes exchanges generating volume through Bots, that's why we should always prefer higher volume exchanges which are listed in Coinmarketcap. Without researching it is not advisable to install their wallets in mobile.

Few exchanges are well known for fake volumes and watch trades, few are scam especially most new exchanges, the solution to all this is right there in front of everybody but I don't know what's wrong with most new crypto investors and traders this days, they just like taking unnecessary risks, old exchanges are must trusted, binance , huobi, okex, gate have no fake volumes, why can't people trade on them instead?

There are many cases againts yobit, although this exchange wasn't scammed all his user.

There are a lot of thread which stated that they got scammed for x money and freeze their account.

But some of the thread tell that yobit is legit exchange and they can vow that the exchange is not scam.

So, I won't take any risk to choose the exchange and I'll be prefer to choose an exchange which is not have any accusation such as binance.