EXMON - The KYC-free, restriction-free crypto exchange

[EXMON]

To offer an escrow service, you really need to have some sort of built-up reputation. I tried to research more about you, but there are hardly any user experiences. How is this possible, considering that you have been operating for many years?

In some earlier comments here, you claim that there is not a single negative review, but there are also no positive ones. What is the overall training volume through your platform?

Thank you for your question - it’s completely reasonable, and we appreciate you raising it.

EXMON has been operating for many years, but we’ve never focused on public marketing and we’ve never bought reviews. There’s an entire industry built around “reputation boosting” - we get offers almost every day from companies that sell large batches of positive reviews on forums and rating sites. Many projects rely on this, which is why their “public reputation” can look so impressive.

We’ve always stayed away from that. It creates a nice façade, but it doesn’t reflect real user experience. And let’s be honest: trusting online reviews nowadays is difficult. When everything goes smoothly, users rarely go out of their way to leave a detailed positive review unless they’re incentivized with money or bonuses. But if something goes wrong, they will definitely write about it everywhere.

That’s why the only honest indicator is not the number of positive reviews, but the absence of negative ones. For us, that is the real measure of quality.
As for Escrow - we just launched it, so there are no “historical volumes” to talk about yet. It’s a new service, and we’re open about that.

If your question is about trading volumes on the exchange - those are fully public and visible on the charts for each trading pair.

[EXMON]

🚨 Delisting Update

Due to low liquidity, BNB/UAH will be removed from EXMON on January 25, 2026 at 03:00 UTC.

• Trading will stop at delisting time
• Open orders will be cancelled
• BNB deposits & withdrawals remain available

Please manage your orders before the deadline.

[hamburger547]

EXMON's claims of being a "restriction-free" is not true.


They restricted my account (my account was "permanently restricted" and most of my funds I deposited I was not able to withdraw).

I dispute their claims about the on-chain data associated with my deposit address showing interaction with a wallet flagged as Fake_Phishing.

• Any on‑chain association with a wallet flagged as Fake_Phishing is limited to dust‑sized incoming transactions to my address and the EXMON deposit address (associated with my account), consistent with common phishing‑dust attacks where the victim, not the attacker, receives negligible amounts from look‑alike addresses.
• I did not initiate or solicit these dust transactions, do not control the sending address(es), and did not use those dust amounts for any EXMON activity. Classifying me as having “suspicious intent” on this basis is incorrect and not supported by objective evidence.
• The dust sent to the EXMON deposit address came after my account was "permanently restricted".
• The dust sent to my address came after the deposit to EXMON.

I noticed an outgoing transaction from the EXMON deposit address associated with my "permanently restricted" account. Therefore EXMON is not simply keeping my funds, but sending them probably to another EXMON customer. This behavior is not honest because it puts at risk the unsuspecting customers withdrawing funds from their EXMON accounts (originating from the possibly stolen funds). Receiving stolen funds is dangerous for the recipients.

If you are EXMON customer and withdraw cryptocurrency from EXMON you are at risk to receive from the funds EXMON took from me.

EXMON's claim:

After I signed up I deposited some ETH.

Your case was thoroughly reviewed by our internal security and compliance teams. The account activity you describe was not classified as normal trading behavior, but as a direct attempt to interfere with platform systems.

EXMON maintains a formal Bug Bounty Program for responsible vulnerability reporting. Instead of following that procedure, you engaged in actions consistent with unauthorized system testing and potential exploit attempts.

Why EXMON claim this?

There are three possible reasons:

1. EXMON's staff really think that I did an "unauthorized system testing" (they are incompetent or did not made enough effort to investigate).
2. EXMON's staff is intentionally lying (they never suspected an "unauthorized system testing").
3. EXMON's staff is intentionally lying because they initially tough that I did an "unauthorized system testing" and then after they realized they are wrong they refuse to admit it.

[logfiles]

<...>

About 2 years ago, they promised me that they would never block user funds. I wonder what changed since then

Similarly, KYC verification is completely optional. Users are free to choose whether or not they want to complete the KYC process.

You say KYC verification is optional but in your terms of service. It does not look like a user has a choice once asked to verify their account. Correct me if I am wrong

Article 37 The User agrees that if the identity verification procedure for his/her/its User account fails to be completed, and the account fails to be logged into for a year in a row, the Platform has the right to terminate the supply of User account services without prior notice to the User, and the Platform may promptly suspend, close or delete the User account and all relevant materials and files in the User account.

Assuming you ask me to verify my accounts once I have sent funds to you And I refuse to do so. What next? Do you refunds my money or you decide to keep it to yourselves?

This condition indicates that if a user has registered but has not logged into their account for a year, the policy of terminating services may be applied. However, if a user has successfully completed the verification process, this rule may not apply to their account. Thus, this condition applies to accounts that remain inactive for one year after registration and do not have an active balance.

We do not require mandatory verification and do not block users' funds.

"KYC free" "restriction free" I guess this was all just a marketing tool before unleashing their terror on traders. People have to be very careful with such services, if possible, just keep sending very small amounts.

[internetional]

EXMON's claim:

After I signed up I deposited some ETH.

Your case was thoroughly reviewed by our internal security and compliance teams. The account activity you describe was not classified as normal trading behavior, but as a direct attempt to interfere with platform systems.

EXMON maintains a formal Bug Bounty Program for responsible vulnerability reporting. Instead of following that procedure, you engaged in actions consistent with unauthorized system testing and potential exploit attempts.

Yes, this accusation looks very alarming. Whenever I join a new exchange, the first thing I always do is look for some non-obvious peculiarities that are not advertised and that very few people know about. It is precisely these kinds of features that often make it possible to earn money on exchanges that are not among the well-known top ones. It is very unpleasant that you can get banned for this.

You write that you were unable to withdraw most of the funds you deposited. So that means you did manage to withdraw part of the funds, correct? And why were you unable to withdraw the remaining part? Does Exmon refuse to process a withdrawal request from a blocked account, or were those funds deducted from your balance? (Or perhaps you lost them through unsuccessful trades on the exchange? From your wording, this is unclear.)

[hamburger547]

Yes, this accusation looks very alarming. Whenever I join a new exchange, the first thing I always do is look for some non-obvious peculiarities that are not advertised and that very few people know about. It is precisely these kinds of features that often make it possible to earn money on exchanges that are not among the well-known top ones. It is very unpleasant that you can get banned for this.

Of course a customer will check what features a platform offers (such as low commissions or good conditions for leverage trading) but this is in no way "unauthorized system testing and potential exploit attempts".

But if my account can be permanently restricted just because I unintentionally encountered a bug in their system, then any user is at risk of being accused of "unauthorized system testing and potential exploit attempts" and having their funds taken away.

On that day, my internet connection was unstable, which may have triggered the bug. They should be able to tell the difference between "unauthorized system testing and potential exploit attempts" and an unstable internet connection. But they do not, or pretend not to.

You write that you were unable to withdraw most of the funds you deposited. So that means you did manage to withdraw part of the funds, correct? And why were you unable to withdraw the remaining part? Does Exmon refuse to process a withdrawal request from a blocked account, or were those funds deducted from your balance? (Or perhaps you lost them through unsuccessful trades on the exchange? From your wording, this is unclear.)

Due to a bug in their platform (I reported it right away and was not “testing” to find the bug; I was simply using the platform to exchange ETH to USDT) the funds for the limit order I placed disappeared from my account without a trace.

I was able to withdraw the remaining funds because my account was not yet "permanently restricted". I decided to save what was left rather than risk another order that might cause my funds to disappear again. After the Ethereum I was about to exchange (my order size was smaller than my account balance) vanished I contacted support immediately.

Now, my account is inaccessible. I cannot withdraw, nor can I access my data (about deposits or the trades I tried to make).

I did not "lost funds through unsuccessful trades", the funds simply disappeared - no pending order, no proceeds from a trade - nothing.

Here is my previous post where I explained what happened:

My actions were responsible.

After I noticed the issue, I contacted support to report it.

The issue was that my limit order and the funds associated with it disappeared.

I was not going to make a public post, but after you accused me of "exploit" I changed my mind about writing a public post. Because at first I did not have a reason to suspect that you were not an honest exchange. But after accusing me of "exploit" (and you did not return my funds you hold), I concluded that your actions are not honest.

How am I "exploiting" if my funds are under your control, and you refuse to give them back to me? The bug in your system caused my funds to become inaccessible. Placing a limit order and canceling the limit order because I changed my mind about the price is considered normal trading behavior. Placing funds into a "flexible EXMON earn" product is normal behavior. The reason for my small withdrawal of Ethereum was to check if withdrawals work (I decided to withdraw the remaining available for withdrawal funds after I noticed some of my funds were missing).

I see that my funds (the part of the funds I was not able to withdraw) are on the Ethereum address controlled by your system (the deposit address of your exchange). Therefore, you hold my funds.

The thing that is not normal trading behavior is your platform not working correctly (limit order and the funds associated with it disappearing) and refusing to return my funds.

It is not "unauthorized system testing":

* Placing a limit order.

* Placing funds into a "flexible EXMON earn" product

* Canceling the limit order.

* Placing another limit order

* Reporting a bug to you (about the order and funds associated with the order disappeared)

* Withdrawing the remaining balance


At the moment, the majority of my Ethereum deposit is sitting on the Ethereum address your system has control of.

[EXMON]

EXMON's claims of being a "restriction-free" is not true.


They restricted my account (my account was "permanently restricted" and most of my funds I deposited I was not able to withdraw).

Your description of the situation omits several important facts.

EXMON has been operating for more than 7 years and serves a large number of users. Account restrictions are extremely rare and only occur when security systems and manual review confirm activity that threatens platform integrity or violates the Terms of Service.

In your own description you confirmed that:

• your deposit was successfully credited,
• you were able to withdraw part of the funds without any issue,
• you also used the platform’s staking product (EXMON Earn).

This clearly demonstrates that the account was operating normally and that the platform did not block access to your funds upon deposit.

The restriction occurred later, after a sequence of actions that our monitoring systems classified as activity inconsistent with normal trading behavior and matching patterns associated with unauthorized system testing and potential exploit probing.

Your claim that the restriction was related to “dust transactions” is incorrect. The decision was not based on dust activity, but on the broader pattern of actions detected by our internal security monitoring and confirmed during manual review.

EXMON maintains a formal Bug Bounty program for responsible vulnerability disclosure. Security researchers who follow this process are rewarded. Attempting to test or probe platform systems outside of that program constitutes a violation of platform rules.

Under the EXMON Terms of Service the platform has the right to suspend or restrict accounts when suspicious activity is detected, including:

• Article 35(2) – abnormal or suspicious transactions
• Article 35(4) – use of technical means that endanger trading security or interfere with platform systems
• Article 40(7) and 40/8 – interference with the normal operation of trading or platform infrastructure

Regarding your statement about the deposit address: cryptocurrency deposit addresses used by exchanges are part of automated wallet infrastructure. Movement of funds from these addresses is a standard operational process used by exchanges for wallet management and does not represent redistribution of user funds.

Your case was thoroughly reviewed by EXMON’s Security and Compliance division and the decision remains final.

EXMON continues to operate transparently, and legitimate users continue to deposit, trade, stake, and withdraw funds without issues.

[EXMON]

🚨  [LISTING] Zcash (ZEC) on EXMON

• Listing Date: March 20
• Trading Pairs: ZEC/USDT, ZEC/BTC
• ZEC Deposits: From March 19
• Trading Starts: March 20 (UTC)
• ZEC Withdrawals: Available after trading starts