BOLOLEX EXCHANGE - SCAM - BE AWARE (with pics)

[Michael009192]

DO NOT BUY ON BOLOLEX, YOU'LL LOSE MONEY

Hello guys, I recently used Bololex exchange to buy/sell, in this case I bought dogecoins.
The price of dogecoin was 0.05. I've bought dogecoins almost on every (serious) exchange such as RH, crypto.com etc and I've bought it for the price of 0.05 (how it is supposed to be!!!).

I bought dogecoins on Bololex (the price of DOGE was 0.05), but my order was filled when the price was $0.11 (see screen below).

https://i.imgur.com/Xzyp8mi.png

For $40 I've received only 357 coins worth $20 (357 * current price of 0.05 = $20). I was shocked at the beginning because apparently I've just bought dogecoins at the price of $0.11!!!
I was like, it has to be a system mistake because that's impossible, dogecoins NEVER went above $0.07, it has to be an error.
So I e-mailed them and telegram them right away and the answer of the admin was:

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

https://i.imgur.com/9bDXrST.png

On every other exchange the price of DOGE is always the same. ALWAYS!!
So Bololex works that you buy at the future price of the coin (in this case dogecoins is 0.11) but your coins are worth at the current price (that was 0.05).

I LITERALLY LOST 20 DOLLARS WITH ONE CLICK, JUST BUYING DOGE

I was very very lucky it just was 20 dollars. I could have lost A LOT of money.

BE AWARE GUYS, BOLOLEX IS A SCAM. DO NOT BUY ON BOLOLEX.

[Bitcoin_Arena]

This kind of thing is bound to happen when you use less popular exchanges. Ones where the liquidity and trading volume is so low. I also wonder why you chose to use swap exchanges where you don't get a chance to see the order book and create a limit buy order of your choice. We have very many spot exchanges that show you the order book and even give you the chance to create a limit buy orders at a price of your choice.

Not sure if the exchange is scam or their market price is higher than that of other exchanges but always stick to popular exchanges with high liquidity of assets.

[Darker45]

Not only is this not exchange not popular, it also doesn't have a track record yet. Coinmarketcap indicates that the exchange was just launched in October of 2020. That means the exchange is only in operation for around 6 months.

Whether the exchange is indeed a scam or not, I cannot tell, but I consider it a cautionary practice to transact financially only with sites or platforms that have already proven their worth.

I wonder how you stumbled upon this unknown exchange.

[The Cryptovator]

I am just curious about your serious exchanges as you mentioned in the post. How they would be serious if coins wouldn't be bought or sold at market price. I told market price because even you placed an order wrongly by mistake then your coin should buy or sell at market price. By the way, this is the disadvantage of using worst exchange who don't know how should order system works. But I believe you didn't place trade wrongly. But there is something wrong or you have been scammed. I have to admit that you are lucky enough and only lost $20. Just be careful with the future, you should take a lesson from the past mistakes.

[Slow death]

you did very well to have left a review here:

https://uk.trustpilot.com/review/bololex.com

you can also leave a review here:

https://foxyrating.com/en/review-38248-bololexcom

there is someone who complained about them here:

https://bitcointalk.org/index.php?topic=5306821.0

they have an account here on bitcointalk ( @Bololex ) and you can open scam accusation here:

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

Edit:

I was forgetting to leave their ANN Thread:

[ANN]-BOLOLEX EXCHANGE - OFFICIAL