Is BCNEx is turning to a scam Exchange?

[BlackFor3st]

So here we go again, Many projects that seen to have a potentials and could urn into something big ing thw futures have turned into scam and even exchanges are following the trends. One of those projects that I thought it would compete with others big exchanges is BCNEX. Here is what happened, I logged in and traded all my balances including those I got from their bounty campaigns and asked for withdrawal( Jan 22,20200) and up until now my request is still pending. I have tried contacting their support and noone answered my email, I went to their telegram group but unfortunately it is deleted. With all these happening I don't think investors will have an appetite of investing in a project knowing that they could be scammed and don't be able to get their money back.

So far, I have withdrawn all my balances in BCNEX exchange and I am lucky that I didn't experience this kind of issue as I have withdrawn my balances before the problem occurs. I pity those people who still have pending withdrawals in the exchange and I hope that the team will fix this issue if they like to continue in operating their exchange.

I am not sure if they will be turning into a scam exchange or they are only refueling their balances especially if they have problem financially but whatever the reasons and the cause of their actions it will be best if they will explain it to the customers and users clearly so others will know whether they can still get their money or not.

[minairia3]

I dont think we can justify it by those reason alone. Try contacting their support regarding your withdrawals mayne they can help you with that. Too early to say they are turning into scam now. Since they have a good marketing strategy and also community support. Lots of good projects has been tie up with them in the past so it's bad for them if they will start to do a scam when they already gaining traction and name on the community.

[Republikcoin.com]

I dont think we can justify it by those reason alone. Try contacting their support regarding your withdrawals mayne they can help you with that. Too early to say they are turning into scam now. Since they have a good marketing strategy and also community support. Lots of good projects has been tie up with them in the past so it's bad for them if they will start to do a scam when they already gaining traction and name on the community.

I think before sending support, we need to look for the admin in his telegram, and until now, the admin of Bcnex hasn't appeared in his telegram. honestly, I still have some assets there, and I have also made a withdrawal almost 1 week ago, and until now there has been no progress. in fact, many have asked this in the telegram.
however, his team should clarify this, instead of going on vacation with the exchanger there are still many problems.

[TopT3ns]

I dont think we can justify it by those reason alone. Try contacting their support regarding your withdrawals mayne they can help you with that. Too early to say they are turning into scam now. Since they have a good marketing strategy and also community support. Lots of good projects has been tie up with them in the past so it's bad for them if they will start to do a scam when they already gaining traction and name on the community.

I think before sending support, we need to look for the admin in his telegram, and until now, the admin of Bcnex hasn't appeared in his telegram. honestly, I still have some assets there, and I have also made a withdrawal almost 1 week ago, and until now there has been no progress. in fact, many have asked this in the telegram.
however, his team should clarify this, instead of going on vacation with the exchanger there are still many problems.

The Telegram chat group has already deleted by the admin and how can you expect the help from the admin about this problem? If you didn't even check it and it's better for you to check it directly.
The team has already made clarification but again, nothing changed. The team keeps lying with the investors and users about this problem and they don't even give any feedback about so many accusations for them all.

It is unfortunate when they see a place of exchange that can be successful as it was during the ICO process. They showed very good performance and made many people happy, but now they have started to show their original purpose. They made this exchange place to commit fraud on a very large scale. , the police or the authorities should have been able to arrest the perpetrators, including the CEO of Bnex.

[Republikcoin.com]

~

The Telegram chat group has already deleted by the admin and how can you expect the help from the admin about this problem? If you didn't even check it and it's better for you to check it directly.
The team has already made clarification but again, nothing changed. The team keeps lying with the investors and users about this problem and they don't even give any feedback about so many accusations for them all.

actually their telegram is still there, and I can still check it, it's just that I don't know why this can't be shared, or searched. however the telegram is still there and until now people are still complaining about it. You can try joining the bounty telegram.
in addition, for the latest information, bnex re-processes the withdrawal of people only, the request for my marriage is still rejected, even though it was only 0.5 ETH. I hope his team will immediately make improvements on this matter.

[sisule]

I know delay withdrawing process in BCNEX exchange market but don't worry because their system look hard and busy where payment transaction will process more than one day, I have withdraw ethereum take more than 24 hours and my payment received, I know with the problem every day in their telegram channel always have many people complain about their withdrawing.

[ragavancoin]

Stay away from such scam Exchange projects. By doing so it lost its reputation and people won't participate anymore. Almost so many members have complained against it and the admin has not been appeared when so much of projects have been tied up with them they should not scam it is not good.

[reallester]

There have been agitations as to why Bcnex disabled deposits and withdrawals. If this is true, then I think investors should be careful with such exchange.

[arimamib]

BCNEX is one of the projects discussed by many members here, and also one of my relatives. it is unfortunate if they do this because the concept they have is quite competitive, but if they are completely erased then I think you should forget about it, it is very soft, of course, but it's good to not get stuck in adversity.

[Ridwan Fauzi]

There are some user who have reported about bcnex on scam accusation you can see there

1. https://bitcointalk.org/index.php?topic=5156208.0
2. https://bitcointalk.org/index.php?topic=5212817.0

And I just thinking that this project has been investigeted by some users here on this forum. We will see that in a few times, hopefully there will be an answer.

[20kevin20]

I did not choose them to trade. I was compelled to do this because they distribute the bounty reward to their exchange. I have the chance to withdraw almost 3 BCNX every day. I waited a while for amount to gather a little. Almost 60% of the amount has been gathered in recent days and when I tried to withdraw them, encounter with this result.

I see. Well, welcome to the big pool of scams. This is why I don't like new tokens and coins. I prefer the OG ones. It was better up until 2017-2018 when the ICO hype started and then turned into a token-printing opportunity for scammers.

I'd recommend sending BCNEX a message here on the forum and opening a thread in the Scam Accusation board if 3 days have passed without any kind of answer from them. Open a thread there and post as much proof as possible in order to prove your point. Other than that, there's not much else you can do..

[biddicoin]

At first it looked like it was going to be a good exchange, but after there maintenance, seem things just turned around, I really don't know what to even say, people who have made withdrawals over a week now are yet to receive, this is crazy, let's  see how the turn out of event would be.

That's to make sure if this exchange site can attract more users to put their money. So many scam projects were doing that shitty trick to fool the new traders and investors that will be coming in. It's not only crazy but this can't be tolerated again.

CEX is very risky for keeping your money, There are many similiar cases like this. I think the others CEX is possibily to get scam
I just suggest to you guys, if you plan to keep money in CEX for long term, then send it to your own wallet
it is absolutely better than keeping in CEX. no matter the good CEX at this time, it is still risky

[BitDane]

An exchange that has just come up newly is likely to have some challenges to face, part of which is trading and withdrawal of funds. BCNEX has not stayed for long and I do not think they will want to jeopardize their efforts, with whatever mount they are holding now. If they had the intention of scamming, I believe they will wait longer to attract more, because such is still possible, owing to the fact that people believed i them at the initial stage.

I have seen several starting exchange but their service is not bad as this one.  People unable to withdraw their fund or unable to receive their withdrawn fund with no communication to the exchange is a good proof that this suppose to be a good exchange is turning to be a scam one.  The issue with BCNEX withdrawal has been around for some months now and yet another new victim still falls for it.  I hope that you can get your withdrawn amount OP.

[Lantind]

It could be a scam, because As I see it, the BCNEX Team makes a big mistake when they don't take the withdrawal process seriously, they just ask to keep pulling on each user, while confirmation on every withdrawal is always pending.

[kynaz]

It could be a scam, because As I see it, the BCNEX Team makes a big mistake when they don't take the withdrawal process seriously, they just ask to keep pulling on each user, while confirmation on every withdrawal is always pending.

They may be on vacation and of course investor withdrawals may be delayed. I think they will have the latest notification soon because I have been trading at this exchange for the past 2 months. In my opinion Bcnex is still very young so they will definitely not scam investors and hope that everything will be fine because everyone is feeling very worried.

[calandra78]

It could be a scam, because As I see it, the BCNEX Team makes a big mistake when they don't take the withdrawal process seriously, they just ask to keep pulling on each user, while confirmation on every withdrawal is always pending.

They may be on vacation and of course investor withdrawals may be delayed. I think they will have the latest notification soon because I have been trading at this exchange for the past 2 months. In my opinion Bcnex is still very young so they will definitely not scam investors and hope that everything will be fine because everyone is feeling very worried.

withdrawal seems to have been chosen by their team. some withdrawals have been successful but those who withdraw no more than $ 50. whereas larger withdrawals experience a lot of rejection from the team. it's like it's not fair because the team doesn't want to lose money from their platform. but precisely what is done can make traders and investors' trust decrease over the inconvenience they experience.

[kapalmabur]

we don't know in the future BCNEX will be like, they have subsidiaries in several ASIA countries, like in Vietnam,
if BCNEX does end up scam, then it is a bad history for the world of crypto currencies

[Goodvalony]

This is likely going to happen. since they have limited new members into the group. New members are not allowed into the telegram group. it is closed for new members. that is a clear sign that something is not working right. withdrawal is limited and allowed for a certain period. some fishy is smelling. one thing is certain, as long as trade is still active and people can still long in. i think there is no cause for alarm.

[TrevorS]

At first it looked like it was going to be a good exchange, but after there maintenance, seem things just turned around, I really don't know what to even say, people who have made withdrawals over a week now are yet to receive, this is crazy, let's  see how the turn out of event would be.

this usually what happen to cheap exchange like this with minimal reputation, they tend to have problem whether it's inside job or a "real problem" and if the withdrawal pending that means they are lacking the funds which means people's money has gone to somewhere else, just stay away from any these kind of suspicious exchanges for real.

This exchange cannot be called cheap, if you believe their roadmap and reporting, the exchange has collected a fairly large amount of money. At least in Vietnam, they raised $ 1,000,000 in presales.
Then, on the platform of the exchange itself, they managed to collect at least $ 2,000,000 or $ 3,000,000 that is the data provided by the exchange, and what we could see during the fundraising on the platform itself.

The exchange looked very real and potentially safe. Even Justin Sun himself posted in his Twitter news that his Tron coin was placed on this exchange. As you can understand, it would be unlikely that a person of this magnitude would have taken up scam advertising, although who knows. Maybe something went wrong later, maybe the exchange was hacked, or one of the developers disappeared with money, this is unknown.

[Tduty]

Bcnex exchange is facing fund issue, that's why users are facing restriction in withdrawal. You can't withdraw more than 50$ and your withdrawal will be confirmed in a delay period! So, their activities are very suspicious! Though they are still replying and trying to get fix out, but there is still a possibility for BCNEX to be a scam exchange!