NEED SOME EXCHANGE REVIEW

[zityx23]

Hello. I just want to know if it is safe to "trade" in Vindax exchange?
Is there no problem with withdrawals and such?

Are their IEOs legit?

Thanks in advance everyone.

[mr.relax]

Vindax.com uses hidded identity for their website.
I also cannot find a company that runs it.
They claim to be from Vietnam, but who knows.
At least it seems to be unregulated.
Its listed on Coinmarketcap.
Its quite new, seems 2019 it started operations.
There were some complains with their Airdrop, and someone who lost his dodge on deposit.
So I would say there is a risk but it doesnt look like a complete scam.
But I would not leave big values there.

[stomachgrowls]

Hello. I just want to know if it is safe to "trade" in Vindax exchange?
Is there no problem with withdrawals and such?

Are their IEOs legit?

Thanks in advance everyone.

Currently ranked #32 on adjusted volume exchange on CMC which is above Kucoin exchange.I wont say that this isnt legit but
its better to use up on top tier exchange like Binance rather on this one.

Here some thread about their IEO: https://bitcointalk.org/index.php?topic=5173500.0

[Slow death]

Is there no problem with withdrawals and such?

had someone with problems with deposit:



Source: https://www.trustpilot.com/review/vindax.com

Vindax.com is scammer i'm not receive deposit and address deposit was change

Scam exchange, there are orders in the trade history that do not match the order book

This is a typical scam.

It is unfortunate that many users have participated in an airdrop and passed KYC procedure. Now their documents are in the hands of scammers.

This is big scam, please trust me, don't buy any VD coin this is indian scammer team
Don't deposit anything in there Exchange

With Regards
Crypto Earner

Warning: scammed airdrops they changed rules and forced them to buy 1000 vd to claim airdrop

Warning: scammed airdrops they changed rules and forced them to buy 1000 vd to claim airdrop

I agree with you, they are scammers. VINDAX wants users to buy and hold their shit coins, stay away from this scam.

more recent information
 https://t.me/vindax/110655
- Convert points into VD and use for trading fee charging on VinDAX or;
- Convert points into VD to trade on the exchange. Regarding this second option, you have to hold 1000 VD for at least 7 days

Source:  [ANN] [EXCHANGE] VINDAX – THE CRYPTOCURRENCY EXCHANGE FOUNDATION

Are their IEOs legit?

Well, look at what I posted and also look at what @stomachgrowls posted, do you still think they are legitimate? Of course they are not legitimate, just stay away from this exchange. there are very good exchanges, use binance... research projects that are honest and transparent

[examplens]

Hello. I just want to know if it is safe to "trade" in Vindax exchange?
Is there no problem with withdrawals and such?

Are their IEOs legit?

Thanks in advance everyone.

Currently ranked #32 on adjusted volume exchange on CMC which is above Kucoin exchange.I wont say that this isnt legit but
its better to use up on top tier exchange like Binance rather on this one.

Here some thread about their IEO: https://bitcointalk.org/index.php?topic=5173500.0

This is obviously fake volume reported. most small and newly created exchanges use this "trick" to deceive users and present themselves as trusted. If they are ready for such methods why then should not deceive people for money.
it is not a recommendation to trust them, especially not to buy his own centralized token created only to manipulate with people's funds.

[stomachgrowls]

Hello. I just want to know if it is safe to "trade" in Vindax exchange?
Is there no problem with withdrawals and such?

Are their IEOs legit?

Thanks in advance everyone.

Currently ranked #32 on adjusted volume exchange on CMC which is above Kucoin exchange.I wont say that this isnt legit but
its better to use up on top tier exchange like Binance rather on this one.

Here some thread about their IEO: https://bitcointalk.org/index.php?topic=5173500.0

This is obviously fake volume reported. most small and newly created exchanges use this "trick" to deceive users and present themselves as trusted. If they are ready for such methods why then should not deceive people for money.
it is not a recommendation to trust them, especially not to buy his own centralized token created only to manipulate with people's funds.

Wash trading or fake volume is rampant talking in overall aspect.Most exchange do have this manipulation of volume and only a few do really have that real numbers.

Basing on the link i do give out above,it do talks about shady IEO happen on Vindax exchange and with that alone you can already point out that this isnt worth of the time and money.

[zityx23]

Thank you so much guys. it's more than enough of an information. Great help. I really like this forum. 

[TheUltraElite]

-snip-

The people who posted above have already answered this. I have something to add for the next question.

Are their IEOs legit?

Generally speaking I do not consider IEOs to be legit. It all started with the ICO buzz then people felt scammed when the devs and advisors dumped their tokens and abandoned the project with the investors having no one to sue. So they rebranded it as STO which also has no difference and now we have IEOs.

So there is no straight answer as yes or no. But do your own research about what project the money is being raised for. Majority of the times they are nothing better than a quick dump at 5-10% gains if not more. No use holding those coins as well. So do your own research and if the project never gets listed on any other exchange then you can say bye bye to your money.

[ethereumhunter]

Hello. I just want to know if it is safe to "trade" in Vindax exchange?
Is there no problem with withdrawals and such?

Are their IEOs legit?

Thanks in advance everyone.

I don't know about that exchange, and this is my first time to hear that name. I think you don't have to use the unknown exchange if you don't know because that will be too risky for your money. There is no guarantee for you to get a good situation in the new exchange, and I suggest you select the recommended exchange by many members here. We suggest you choose binance to trade, and I think you will have your time to trade on that site without a problem.

[muslol67]

I've used Vindax several times to trade bounty awards. I didn't have a problem. But! It didn't leave the impression of a reliable exchange.

[zityx23]

Thanks for all the kind replies. The team already stopped negotiations with Vindax team. Im so worried. ANyway, thanks a lot everyone