Cat.ex exchange?

[BitHodler]

Catex is not a SCAM exchange because I see a lot of tokens that enter Catex exchanges

So just because they list a lot of tokens they are not a scam exchange according to you? An exchange wants to draw as many people as possible to their exchange, from there it only makes sense they list a wide variety of tokens.

I have to do a bit more research to figure out how many of the complaints and scam accusations seem real and not made up by a competing branch, but the reason you state for an exchange to not be a scam is just hilarious, really.

Overall, the thing with these lesser known exchanges is that I wouldn't feel comfortable using them, so I will stick to the reputable exchanges that have been in the business for years.... better safe than sorry.

[rijaljun]

Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?

Do you mean Catex.io?
Not sure about the volume. But, I have experience there : of course the trading competition was legit. My problem was about the team.  There was a bounty campaign about this exchange and it was managed very bad. The team trying to use the name of Bountyhive in order to make the exchange looks good( at that time, most people thought that's good to join and follow a project managed by Bountyhive). In fact, Bountyhive was not associated with them.

The trading competition and the volume may be legit but the team are close to be scammer.

So to be safe, don't go there... there are a lot better exchanges already no need to find others.

[bassbity]

Catex is not a SCAM exchange because I see a lot of tokens that enter Catex exchanges

So just because they list a lot of tokens they are not a scam exchange according to you? An exchange wants to draw as many people as possible to their exchange, from there it only makes sense they list a wide variety of tokens.

I have to do a bit more research to figure out how many of the complaints and scam accusations seem real and not made up by a competing branch, but the reason you state for an exchange to not be a scam is just hilarious, really.

Overall, the thing with these lesser known exchanges is that I wouldn't feel comfortable using them, so I will stick to the reputable exchanges that have been in the business for years.... better safe than sorry.

Indeed, I see several projects listed tokens on Catex, I think it is not a real that fraud, why am I talking like this because I have used Catex as a trade even though not too long ago, yes, the meaning that I feel is there is no risk in Catex exchange if someone else I do not what his opinion about Catex.

[1Referee]

I first thought where do people find these funny exchanges, then headed directly to CMC and yes, there it was with a $440 million 24H trading volume.

Just look at this phony trading activity;

ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H

That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.

[NathanJB]

Hello what are your experience with Cat.ex exchange? Any insight information about their real volume and are the trading competitions legit?

I haven't tried Cat.ex exchange yet and will probably not try it very soon because that is another exchange which is doubtful for me. I mean they do not have a bad reputation over this forum such as scam accusation, slow or no support, not being able to withdraw or held token or coin, and so on, but their 24-hour volume of $434,859,514 USD or equivalent to 54,631BTC is already an indication that they are not being honest. I don't believe such figures in an unknown exchange like cat.ex.

[GreenStox]

I think a volume at the exchange place can all be made by yourself and that means this volume is no longer a sure thing because it can be used to be a market strategy when the volume is high so many investors will start to be interested in the place of exchange and many will trade there.

[Jating]

Maybe they are doing the pump themselves and keep their native tokens alive in this bearish market? I may have crossed path of this exchanges before but I also never used them probably because they are not well know at that time.

The only native token success story is BNB and that's why I'm quite surprised to see them doing good as well. But we can't discount the fact that it could be fake volumes, just to get them above waters because of the worsening alt market conditions.

I have never used their exchange. I remember seeing a thread about them in my local forum. They have their own native token that they use to pay out dividends to their members. Like with all the other native exchange tokens you can take advantage of lower fees when you use their token, standard stuff.
They are listed on CMC and looking at the charts they aren't doing that bad compared to many other alts that are getting slaughtered. They are up 56.45% from the date of their listing.   

[kolonel_x]

I first thought where do people find these funny exchanges, then headed directly to CMC and yes, there it was with a $440 million 24H trading volume.

Just look at this phony trading activity;

ETC/TRX $50 million in the last 24H
LTC/TRX $41 million in the last 24H
EOS/TRX $35 million in the last 24H
QTUM/TRX $30 million in the last 24H

That's an indisputable scum exchange and people should steer cleer of it. What's wrong with Binance? Kucoin? Use these.

Unusual trading activity with 24-hour volume and this is in the TRX pair, and what I know is greater in 24-hour volume exchange is the average BTC and ETH pair but Catex exchange uses TRX to increase the fake volume they make.

[mdzahed134]

Yeah, i have a bit experience with Cat.Ex exchange for trading with a few altcoins. This exchange is so much familiar but something wrong happened with trading volumes it’s really looking fake figure according to coinmarketcap data it’s very suspicious. If some scam accusation is already created but there are valid proofs i think. Even i used it many times without any single problem. You can use it i hope you will never face in any trouble. But i am just confusing about how much it’s real volume.             

[Paulinerims]

Was following NWC token which was listed on their exchange, so thanks to everyone for sharing their opinion.