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Author Topic: Tokpie Exchange is a pure Scam. Be warned!!!!  (Read 577 times)
Kocret02
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September 04, 2022, 11:02:45 PM
 #61

All investments are speculative, subject to substantial risks and uncertainties.
Investors should understand the nature of digital assets including asset requirements and risks. Potential investors should fully understand the assets and risks before making any investment.

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o48o
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September 04, 2022, 11:20:51 PM
 #62

My Tokpie Exchange journey, i deposited my fund to trade their. I bought the native token of the exchange (TKP) but i can't trade it back to Eth, BNB, USDC or WBTC.
I wrote to support and they told me that i should place order based on their terms or forget about it. But the evil part of it is that they are selling below the price they want us to place.
Right now, my funds are trapped their. If you write anything about it on the Telegram group, they will delete. There are screenshots as evidence to these.
I am posting this, so that others won't fall victim of this evil that Tokpie Exchange is dishing in the Blockchain Space.
Stay away from Tokpie Exchange but you if you have experience any manipulation from them, drop your own experience here.
Tokpie officials can as well come and clear us here.

Always check is there's real liquidity on exchanges so you can get rid of your tokens. That's something you get better with in time. But it takes some practice. Tokpie Exchange was a weird project from start and really bad one but i wouldn't call it a scam for being lame. Users can sell what ever prices they choose, and sometimes spread between buy and sell walls is so big that it confuses newbs when they look at the price tokens are fake trading.

Tldr; Stay away from Tokpie, it was a bad idea from the start.

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AjithBtc
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September 04, 2022, 11:26:49 PM
 #63

This have been the place for a big number of tokens that don't get a chance to be listed elsewhere. The major usage of this exchange is from the token collectors. Exchanges always wants to gain reputation and here it is on the path of generating acquisition. Good is to avoid such exchanges and make use of more other crypto exchanges with good trust rating.

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September 10, 2022, 08:08:20 AM
 #64

I am thankful that I never came across such exchanger before and forum is the reason for this. Thanks to fellow members who always keep alarming us about such scams out there and share the experience so that we don’t fall for the trap.

I am completely sorry for your trapped Money but you should seek local authority help regarding the fraud. If there are plenty of evidences are available and money which you want to get back is pretty enough then why not take the chance for the same.

Cryptocurrencies are still not legal in many countries and losing or being scammed while investing in crypto will not receive legal protection.

In my country, cryptocurrencies are not banned outright but the government always informs everyone that, if you trade crypto, all your risk will not be supported by the government, you are solely responsible responsibility for your actions.
OP didn't mention how much he lost but the possibility of OP getting it back is very unlikely, it's a lesson for him and for all of us to stay away from weird exchanges like this.
And even in countries in which a cryptocurrencies are recognized as assets that have value there is no guarantee that local authorities will be able to do anything to help you out, and this is because most of the time an investigation of this type will require for the police to try to make an international investigation across many different countries.

And that is not really the type of crimes for which your average local police is trained to deal with, and if the amount of money is small then the possibility that the police take the case seriously is almost zero as they are not going to spend so many resources for so little money.
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