Exchanges are not recommended.

[jossiel]

Yobit, their support is very very slow (your response even not to get solved for a long time if you have some problems on there). Beside of that, their volume also looks like faked by pump and dump. Better to stay away from them

I've seen few people that actually received reply from yobit and that's a very rare case. Someone received a reply after three months IIRC. And that's really inconvenient for someone who's looking for a good exchange.

These reviews will help other traders to look for the best exchange that they can stay. As mentioned, avoid also those exchanges that has fake volume. There's a tendency that they will scam your money in the future and that can happen through locking your funds/account.

[1715493303]

1715493303

[Decimation]

Just don't trade anything below the top 10 (by volume), you can avoid so many issues that way. I still don't know why people do anything other than that, the risk is too great with the reward is often slim to none.

I know a lot of people who follow this rule and it's recommended by "veteran" crypto traders.

[funcryptoco]

Yobit, their support is very very slow (your response even not to get solved for a long time if you have some problems on there). Beside of that, their volume also looks like faked by pump and dump. Better to stay away from them

I've seen few people that actually received reply from yobit and that's a very rare case. Someone received a reply after three months IIRC. And that's really inconvenient for someone who's looking for a good exchange.

These reviews will help other traders to look for the best exchange that they can stay. As mentioned, avoid also those exchanges that has fake volume. There's a tendency that they will scam your money in the future and that can happen through locking your funds/account.

Yes this is the purpose of creating this post, to avoid those bad exchanges.
Anyone know any information about bad exchanges please share it here with us.

[Febo]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

Just use good exchanges. sometimes you need to go to not so good exchanges because that coin is listed only there. You will soon see if they have fake volume since you will not be able to trade your coins without extremely move exchange rate. Shit happens. But reason is that you have a shitcoin. If you use normal coins you can find good exchanges to trade.

[Mahanton]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

Stick with reputable or high volume ones you wont face up any problems in regard to that matter.When it comes to bad exchange
then i do say Yobit exchange is the worst of them all giving you some headache on using plus big fees and maintenance wallets and hold up withdrawals.
Wash trading is pretty common or fake stats thats why stick mostly into binance.

[funcryptoco]

Highest volume exchange is good and this exchange never deceive to traders and buyers. Some exchange did to new IEO token like IDAX.

I think choose exchange according to volume not accurate.
Some users here reported that some exchanges are bad even with high volume as this exchanges report fake volume.

[Sharon121212]

Tales about exchange that scammed users will lead to spamming. The best way to go about it is to report the exchange with vital evidence on the right section of the forum.
You owe it to yourself to be very watch full of exchanges you use don't go for low standard exchange or new exchanges(not yet proven their worth)

[jacafbiz]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

There are many exchanges in the space that are just scam, no or little volume  but because of the wash trading they reports huge volume on CMC, the worst thing this exchanges do, is that they allowed you to deposit on the exchange but have huge problem withdrawing from the exchanges. For me these are exchanges to avoid at all cost: HitBTC, Exrate, IDAX

[2double0]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

Must read - https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap

While you are crying like a kid about exchanges cheating on users, see how this guy turned an illegal scene into legal profession, what a progressive mind some people are the Kings of! I am not in favor of these fake volumes but as long as they make your invested alt look more worthy than the others listed, I will support it as we need to get out of our investments with the best possible returns over them because we already lost a lot in 2018.

[Thanasis]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

There are hundreds of exchanges available here but the truth is most of them are not recommended to use,so better ask for the most prefered rather than what not to choose from.

Anyway you can avoid the exchanges like yobit,hitbtc and all the exchanges which are reporting fake volume on the coins traded in last 24 hours.

[betty11]

Some exchanges not only deceive traders through fake volumes but also conduct fake IEO on their launch pad, thereby making investors loss completely. I just trade on the reputable ones.

[semes]

Some exchanges not only deceive traders through fake volumes but also conduct fake IEO on their launch pad, thereby making investors loss completely. I just trade on the reputable ones.

I think it's best to use known exchanges. It seems to me there's no point in taking unnecessary risks. We are already taking enough risk with crypto trading.

[DeepChipolino]

Highest volume exchange is good and this exchange never deceive to traders and buyers. Some exchange did to new IEO token like IDAX.

Apparently you are about this: https://medium.com/@info_85454/idax-pro-scammed-crypto-projects-for-up-to-5-000-000-usd-c2d10a0dd14e

This is not my experience. But the article is very informative. I also noticed that on this exchange are trading coins of scam projects. I have no evidence of my words. But I will say, before trading on this exchange, look for reviews of people who have traded or have any case there.

P.S. The IDAX title can confuse people that this is a decentralized exchange. Cunningly, is not it?

[capcaypro]

In my opinion Coineal and IDAX still have fake volumes and many people say don't use them anymore, look for real exchanges in trading volumes such as Upbit Binance Gate and use large exchanges to trade in order to secure your assets.

[jvdp]

Normally when I feel some exchanges are not good I will never keep my funds on that exchange or been using it. Then and if there is any scam item by the exchanges normally users used to report them on this bitcointalk forum with valid proof.
So so easily avoiding scam crypto exchanges and stay with the top exchanges which have good reputation as well as volume and circulation.

[kogozer714]

yes I have also heard that, I hope I am not trapped in that hot hole, maybe we should see how the exchange is in the volume and recommendations of many people, we must really investigate first before we make a trade involving our assets.

[Successmaniac4]

There are some exchanges that record fake volumes thereby attracting investors to trade on their platform. I prefer to trade on the well known or popular exchange sites rather than the unknown ones.

[Zicadis]

Well, very few cryptocurrencies are compatible with atomic swaps, and most decentralized exchanges only feature support for the major blockchains and tokens.

Novel blockchains with unique features are often excluded due to the difficulties of integration.

[sieemma]

My worst experience ever with an exchange happened to be hotbit. I saw my coin being traded there actively and I moved my coins there for trading only to realize that it was just a bot that was doing the buying at the time I checked the exchange. The bot usually buys below my orders always until I sold very low to those willing to buy very low at that time. I didn't want to keep those coins on me because the project was on the verge of dying.

[creeps]

I have heard that there are some exchange platforms that deceive traders and even owners of new coins, Tell us your story with a bad exchange  platforms that you do not recommend.

Help others to avoid this exchanges that cheat traders

I don't recommend to put too much money on the exchanges especially on the exchanges that has a low volume of trades and be ware to those exchanges who are just faking the volume of their platform. I don't have any bad experience on the exchanges aside from a higher fees of DEX but it is still ok to trade on that, if your coin is listed on that exchange then you have no choice but to use it. Again, don't store any coin on the exchanges because its not safe.