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Author Topic: EXX.COM - Anyone using this exchange? Are they legit? share your experience pls.  (Read 163 times)
Flight-87
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May 28, 2018, 11:58:23 PM
 #1

This site sells LTC at 121 tether whereas Binance sells it at 110. Huge margin. That's why it seems too good to be true and I am so skeptic that they might be a scam or may have some sort of hidden fees or KYC drama. But so far got no bad review. If you're using this exchange pls share your experience about them. Thanks.
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May 29, 2018, 12:07:20 PM
 #2

EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
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May 29, 2018, 01:01:45 PM
 #3

EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
I agree, often such bugs are very common.
As for the exchange itself, I liked it very much, you can trade on it, but there are shortcomings in the interface and for me as for active trading it is not suitable  Undecided
Flight-87
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May 29, 2018, 02:05:45 PM
 #4

..the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD
Exactly, I noticed that already and it's ridiculous what kind of traders put such high sell orders!!

Quote from: 4abrec
..but there are shortcomings in the interface and for me as for active trading it is not suitable
Yes, I felt that way too. Binance is great for that for me.

Though I am not sure if any of you two have traded on exx, but thanks for the response and your thoughts.
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May 29, 2018, 02:19:37 PM
 #5

Yes, they are truly legit. You can watch their trading volume. It's pretty well more than many popular exchanges because Exx dot still not enough popular what it should be. You can trade there without any doubt. But I am not sure you really can sell at that price. Because 10 USD is a pretty big difference for a coin. Maybe someone put a buy order with a high price. If I am wrong then you can sell there by 120 USD Safely.
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December 24, 2018, 11:02:00 AM
 #6

Looks like EXX.com is offline. Exit scam ?

Sorry guys, english is not my first language ...
Tytanowy Janusz
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December 24, 2018, 11:31:57 AM
 #7

EXX.com exchange have $98,921,809 USD (13,371 BTC) trading volume. I think they are legit. But don't be fooled by the huge difference in margin, the 121 USD showing may only be a sell order made by someone. It does not necessarily mean you can sell at 121 USD

Judging if exchange is legit or not by trading volume is not the best idea. Its cummon knowledge that most of crypto exchange (even from top 10 coinmarketcap) are trading with themselve to boost trading volume (free advertisement) or are letting users pump trading volume by token mining while trading - what is nothing more than paying users to pump trading volume paying them in token that they generated for free as much they need.

With 100 mln trading volume there should not be 10% spread on litecoin (buy/sell) so price difference should give good return while arbitraging. If noone is doing that it means that something stinks.

I think it might be exit scam. I heard lots of issues with this exchange beafore.




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December 24, 2018, 04:47:02 PM
 #8

This site sells LTC at 121 tether whereas Binance sells it at 110. Huge margin. That's why it seems too good to be true and I am so skeptic that they might be a scam or may have some sort of hidden fees or KYC drama. But so far got no bad review. If you're using this exchange pls share your experience about them. Thanks.

If you easily noticed that it's a very high price to sell then the person on the opposite side of the trade probably noticed it's a high price to buy and will move to another exchange. It could be an anomaly or manipulated price to try and catch people out.

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December 24, 2018, 05:21:56 PM
 #9

This exchange already become a scam. Didnt know on when it did ran away.



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1Referee
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December 24, 2018, 10:27:37 PM
 #10

With 100 mln trading volume there should not be 10% spread on litecoin (buy/sell) so price difference should give good return while arbitraging. If noone is doing that it means that something stinks.

I think it might be exit scam. I heard lots of issues with this exchange beafore.

In most cases when the prices on exchanges are highly inflated without a good reason, it means there are withdrawal problems. It definitely can't be Tether causing differences in price like what happened recently because both exchanges use USDT "fiat" pairs.

It's yet another Asian exchange generating fake volumes to climb on the CMC ladder, and it seems very effective. They recently got a massive traffic boost, and it seems that they will keep gaining traffic as time goes by. CMC is the nr1 traffic provider for EXX with 14% and Google is nr2 with 6.5%.

https://www.alexa.com/siteinfo/exx.com

CMC is the perfect way to market your exchange. You just need to generate hundreds of millions in fake volumes. Roll Eyes

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April 13, 2019, 05:01:29 AM
 #11

They are scammers... avoid this exchange like the plague.

Their trading volume is fake... its so obvious.

Just look at the buy and sell walls, then look at the trade history. There is an exchange every second, yet often the buy and sell walls are practically empty. If you put in a buy or sell limit order, to the exact price which they claim are being exchanged every second, you wont make a trade, because the volume is totally faked. There was a coin i was trying to sell at whatever price (i forget the price, lets say 200 sats)... the market history was showing buy history every second for 200 sats. yet there were no buy or sell orders at that price on the wall... so i put the order in at 200 sats, it didnt sell... but the market hstory continued to show buy (and sell) orders every second at 200 sats... even though mine was the only one on the wall for 200 sats...

I contacted them and asked them about the traffic and got banned from their telegram page.

Its very misleading, as you assume the traffic is real, send coins over to trade and then realize the traffic is only fake, and there is no chance of actually making a trade.

Total crap, dont use it!!!
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April 13, 2019, 06:16:04 AM
 #12

I don't know if it's legit because the trading volume is too high so I won't take the risk of using new trading site that that.  You could also read some feedback about them. It's just that EXX isn't that popular but if you're not comfortable in it you could use other exchanges. I was doubtful about it before so I'm still using binance until now.

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