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Author Topic: What is the worst exchange platform you have ever traded on?  (Read 280 times)
949miner (OP)
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February 27, 2019, 10:24:47 PM
 #1

Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......


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February 27, 2019, 11:06:25 PM
 #2

Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
But that looks so weird to see that exchange was having a big daily trade volume. i can even know that after seeing how terrible that platform is. It looks so terrible dude.
The worst exchange site should be COSS because it has the same problem as simex too.

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February 27, 2019, 11:15:39 PM
 #3

There are some exchanges that are reported to have volume, yet when tokens are listed on them,you will find the opposite and a eventual drastic dump of the token.
Before I can see an exchange yo be the worst, it means that it falls below my impression and expectation about it, except I do not expect it to have a good trading volume.
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February 27, 2019, 11:57:15 PM
 #4

Look at how many exchanges there are. They are just incredibly large number and I can not understand why there are so many. In any case, it is better to talk about worthy of attention exchanges, as such in my opinion only about 10.

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February 28, 2019, 01:40:24 AM
 #5

Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
I have no idea about Simex but I remember that nightmare days for passing KYC procedure on Bitstamp. They keep rejecting my documents for 8 times and later it was successfully accepted after sending my documents in 9 attempt.
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February 28, 2019, 08:46:28 AM
 #6

For me, this is Bittrex, which blocked my verified account for several weeks without explaining the reason. After that, I stopped using exchanges with registration, using services without registration. Now it is the CoinSwitch and ChangeNOW. This saves me many problems.
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February 28, 2019, 09:06:54 AM
 #7

Why these unpopular exchanges are coming in with bad reviews? If the exchange isn't too familiar for you, then stop using them that's the best solution that you can come up with if you love trading.

You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.

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February 28, 2019, 10:35:15 AM
 #8

i don't have any problem with an exchange that is clear from the start, i simply don't use them if i don't like their rules like having KYC or having some weird rules about it.
my problem is always about those exchanges that aren't honest about their rules and change them as they please. for example exchanges like Bittrex which suddenly scammed thousands of users and closed their accounts because of their sudden change of rules is the worst one. because that is clear definition of a scam.

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February 28, 2019, 12:39:54 PM
 #9

From my knowledge exrates I think because where the prices are really fake from coinmarket cap,I decided to start trade on that exchange and created the trade for the value which I got only half price from the current market value and later only I realized that prices shpws in coinmarket cap is completely different and morepver they took nearly 12 hours to approve the wothdraw.









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February 28, 2019, 01:02:24 PM
 #10

From my knowledge exrates I think because where the prices are really fake from coinmarket cap,I decided to start trade on that exchange and created the trade for the value which I got only half price from the current market value and later only I realized that prices shpws in coinmarket cap is completely different and morepver they took nearly 12 hours to approve the wothdraw.

That totally sucks and I also never do any trade on that exchange and would like to add etherdelta,towerbee and cryptopia. They are compromise and ugly exchange so by this we should always look up for big ones so that we make sure that we are on safe place.
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February 28, 2019, 03:51:22 PM
 #11

Never heard of Simex but I think everyone can agree Yobit is one of the worst exchanges. Not because of KYC which they do not have (and that is great) but because they have the slowest ever platform. I remember, it can take you 10 seconds to click. And sometimes because of the lag,,, you click something wrong and take 10 more seconds to cancel.

But I give them credit for having good markets, the trollbox, and the first to do fork coin trades.

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February 28, 2019, 08:54:13 PM
 #12

I am using Simex one time because I have some tokens from bounty which is listed only on this exchange. As I remember I finish everything without any issue and I never use this exchange after that. How important it is, I can not remember what the token was about.  Grin
My tips for worst exchange going to Yobit, EtherDelta and C-Cex

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February 28, 2019, 09:46:35 PM
 #13

Why these unpopular exchanges are coming in with bad reviews? If the exchange isn't too familiar for you, then stop using them that's the best solution that you can come up with if you love trading.

You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
There are really some scenarios that you wont really have any choice but to use up some shady exchange specially when your coin is just being traded only to that place which you would really end up
on using it even though it isnt really familiar nor popular into your ears.
On my part, i didnt experience any hardships about KYC thing on top exchangers ever since.

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March 01, 2019, 01:29:48 AM
 #14

Never encountered any exchanges just like simex, but hitbtc give me a problem before, my withdrawal request took 10 days before they send to my wallet, and thats a huge amount of money.

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March 01, 2019, 06:55:13 AM
 #15

Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
So far in terms of KYC I have no problem with all the exchanges, they can easily verify the user's account if they submit the right documents, the only problem is the security and withdrawal issue, which I experienced with Yobit.

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March 01, 2019, 07:40:43 AM
 #16

Simex is one exchange platform i will never trade or buy cryptocurrency on. They have the weirdest way of verifying documents used for KYC. For the past four months now, I have sent them my documents for KYC verification but they always seen to have problem with my documents. I have submitted the documents on multiple times but no approval still. This is making it impossible for me to withdraw my funds. What is the worst exchange platform you have ever used? Share your experience......
But that looks so weird to see that exchange was having a big daily trade volume. i can even know that after seeing how terrible that platform is. It looks so terrible dude.
The worst exchange site should be COSS because it has the same problem as simex too.

volume can be manipulated . i see some unknown sites that have big volumes and have a high number of traders but the site was obviously fake and scam . anyway i dont hear the name simex before  and @op you must not try exchange that you are not familliar with . just stick only on the trusted and popular ones and youll be fine . you will have an assurance that your cash can be refunded if ever some issues are found out  .

and by the way , i heard coss before  . i think this is more trusted than simex .
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March 01, 2019, 10:01:16 AM
 #17

Systemcoin is the shit and worst exchange for me and it's probably a fraud and scam exchange. Once I created an account and checked whether it allows withdraw without KYC and found no such regulation. I deposited and later when I tried to withdraw, it asked me for KYC.
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March 01, 2019, 10:53:07 AM
 #18

Why these unpopular exchanges are coming in with bad reviews? If the exchange isn't too familiar for you, then stop using them that's the best solution that you can come up with if you love trading.

You are too easy to believe these exchanges with your funds, so far I have no worst experience with an exchange. There are some slight delay with withdrawals but that's fine to me since I'm patient enough to wait for those confirmations.
There are really some scenarios that you wont really have any choice but to use up some shady exchange specially when your coin is just being traded only to that place which you would really end up
on using it even though it isnt really familiar nor popular into your ears.
On my part, i didnt experience any hardships about KYC thing on top exchangers ever since.
It's an exception when your altcoin is only listed to that exchange. But it's very unusual that there are people who have been trading with these kind of exchanges and even they are aware of their shadiness still, they continue to use them.

Top exchanges doesn't have problem on KYC and you can simply contact their support and will receive a response quickly. Unlike with these kind of exchanges, it's either you will receive a response it's not that professional and sometimes they are even rude and scaring you out.

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March 02, 2019, 07:26:42 AM
 #19

Simex is possibly a scam site. I have seen some more complaint against this site. So, of course, they are doing shaddy job. I would never use an exchange before researching.

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March 02, 2019, 12:27:51 PM
 #20

Simex is possibly a scam site. I have seen some more complaint against this site. So, of course, they are doing shaddy job. I would never use an exchange before researching.

Why the heck someone will use noob exchange? We have tons of huge sites so I won't even bother to use those never heard ones. So far, I don't encounter worst exchange nor service, maybe because of I'm very picky in using and don't want to risk my money.

But seriously, I hate doing kyc. It sucks.

Happy Coding Life Smiley
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