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Author Topic: Exchanges are not recommended.  (Read 1625 times)
funcryptoco (OP)
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July 22, 2019, 10:12:07 AM
Last edit: July 22, 2019, 11:37:50 AM by funcryptoco
 #1

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
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July 22, 2019, 10:21:33 AM
 #2

reporting fake volumes doesn't deceit either traders nor the coin owners! fake volumes is just a technique the exchanges use to stay on top of the ranking and attempt at competing with each other.
besides, they all do that. nobody is monitoring them and their reported volumes so they can do whatever they like and there is no damage done so nobody cares.

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July 22, 2019, 10:35:37 AM
 #3

And how does it affect you that the exchange has fake volume? I do not think that you will recognize it. Fake volume brings only fake trustworthy, so be careful and do not leave your crypto for a long time on such exchanges.
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July 22, 2019, 10:42:05 AM
 #4

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

أelp others to avoid this exchanges that cheat traders

Well; exchanges are not recommended to keep or store your assets

Regarding volume; it is not entirely everyone’s fault; both project dev and exchange wants to remain on top
Coinmarketcap also promotes fake volume

Which is why doing your own research is always recommended
rosezionjohn
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July 22, 2019, 10:54:06 AM
 #5

reporting fake volumes doesn't deceit either traders nor the coin owners! fake volumes is just a technique the exchanges use to stay on top of the ranking and attempt at competing with each other.
besides, they all do that. nobody is monitoring them and their reported volumes so they can do whatever they like and there is no damage done so nobody cares.
It is still deceiving no matter if most of them are doing it. What is the goal of doing that? To attract traders and fatten their pockets from the trading fees because they know traders go to exchanges with higher volumes. 
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July 22, 2019, 11:21:31 AM
 #6

I have none because I don't trade on exchanges,if I deposits my coins on any exchanges I quickly sell or buy instantly and withdraw, I think the safest exchanges now is decentralized exchanges

funcryptoco (OP)
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July 22, 2019, 11:38:44 AM
 #7

You may be right but i am not only talk about volume but also about bad experience with exchanges.
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July 22, 2019, 11:51:38 AM
 #8

Well, probably some exchanges may use certain tricks that sometimes are not good enough for the users such as price manipulation and also fake trading volume. However, we can also analyze from the other sides about its trust and also how the features and security of the exchange. So far, I have no bad experiences with certain exchanges. All exchanges used are fine enough. But, we must be careful when using forkdelta because there are several fake coins that we can meet.
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July 22, 2019, 11:53:52 AM
 #9

Some exchange that I recommend not trade on it is Latoken, HitBTC, Coineal, IDAX, ... because most of these exchange do not have real volume, most of the volume is from bot of exchange
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July 22, 2019, 12:19:11 PM
 #10

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 have experienced with some bad or even a scam exchange site, my lists are latoken, yobit, idax. Yobit is the worst exchange site in my life that already scammed me more than 0.1 btc and latoken has scammed me 4 ethereum.
Idax is full of fake volumes and shitty response to the users, exrates are at the same level as idax too.

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July 22, 2019, 12:34:28 PM
 #11

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's a lot of exchanges that were reported in the scam sections, although I have not experienced some of these, they locked the tokens of their users, some of the deposit and withdrawals are not showing up although in the blockchain they are verified, to avoid these exchanges better check their issues in the scam section.

funcryptoco (OP)
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July 22, 2019, 02:16:39 PM
 #12

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 have experienced with some bad or even a scam exchange site, my lists are latoken, yobit, idax. Yobit is the worst exchange site in my life that already scammed me more than 0.1 btc and latoken has scammed me 4 ethereum.
Idax is full of fake volumes and shitty response to the users, exrates are at the same level as idax too.
I read about yobit and idax are very bad exchanges, but it is 1st time for me to know latoken is scam.
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July 22, 2019, 02:24:39 PM
 #13

Indeed there is some exchange who have a bad reputation if I see on the scame accusation but I never use them by myself. I haven't felt the worst exchange when I trade because when I started to trade I'll find a more information against the exchange especially the exchange which I new to use it. But most of my trade only use binance and I havent't found a problem when I use it. Just a little suggestion, find a reputable exchange such as binance, OKEX or bittrex to choose for your trading place. I haven't found there is a user who had a problem with use them, don't try to use an exchange who has a bad reputation you will regret when you found a problem.
funcryptoco (OP)
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July 22, 2019, 03:00:38 PM
 #14

Of course there are good exchanges, but we are talking about bad and scam exchanges, we like to hear about your experiences with those scam exchanges.
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July 22, 2019, 03:12:26 PM
 #15

I read about yobit and idax are very bad exchanges, but it is 1st time for me to know latoken is scam.
Still no experience with idax but I can attest with yobit. It's known that they have been listing coins that are likely to be scam and of no volume. Their support is worse and it will take you forever before receiving a reply from them.

Some testify that it's a fine exchange because they haven't experienced any problem but there's more complain than those satisfied traders there.

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July 22, 2019, 03:20:20 PM
 #16

Bitebtc is one of the popular scam exchange. They have scammed a lot of people, not sending the withdrawn amount. They have a self moderated thread here in the forum. Yobit is infamous exchange with it's shady behavior and a lot of ponzi running on site. A good place for pump and dump.
LAtoken is another large exchange being accused of shady behaviors. Liquid had some problems in the past but I guess are now solved. Bitforex too has a lot of accusation for the exchange of that size.



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Rainbot
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July 22, 2019, 03:26:27 PM
 #17

Liquid had some problems in the past but I guess are now solved.
Liquid.io has been closed.



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
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

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July 22, 2019, 03:39:09 PM
 #18

The exchange I don't recommend is a clone name of HITBTC which goes by the name "HIBTC", please take note of the absence of T after I in the fake exchange. They boast of transaction mining and other stuff to lure traders in but will never pay big withdrawals.
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July 22, 2019, 03:41:33 PM
 #19

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
Yobit does not have supports for their users, not slow-supports. I think there is no support from Yobit to their users. However, it is likely incorrect to judge Yobit is a scam exchange. They are a shady, no-support exchange, but has not still been enough to call them as scam one.
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July 22, 2019, 03:42:58 PM
 #20

Its simple, dont trade with a small exchange platform. Because its really not safe, went they platform got hacked or something like that. Just trade on major exchange, example like binance they have SAFU to avoid the problem hacked so all costumer not really worry about that. But of course the best place to keep your asset its your personal wallet.

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