Stay away from Vindax

[michellee]

I hope that this information can help other people not to use vindax. Personally, I don't know much about vindax because I still use the other exchange like binance and bittrex. But I also use hitbtc for a while because I still have some coin at that exchange, and I don't have a problem with them. But in hitbtc, I cannot withdraw the coins because the fee is too much higher than the other exchange, so I think I will only withdraw if the situations will get better than now.

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[minairia3]

The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

That's not good actually since that small amount can also have some value and could reduce the transaction fee as well. The image is really disappointing, they cant say that exchange designed to transact and limit the coins and tokens to that decimal. I know Binance can also format your prefer decimal but the value you can transact is up to 5 digits if Im not mistaken. Thanks OP for this.

[jessyj48]

If there is enough co-op in crypto space these type of exchanges won't move an inch, they will be ignored and get useless in short term, as for newbies that like attractive things they will still fall for vindax because vindax is a good looking exchange

[Stanlo]

There is nothing anyone can do about these exchange issues, no one will be able to take action against them because crypto invest is all users risks that is why majority of scam developers walks free after stealing investors money

[Twinkledoe]

A bad move, they force users to give up the change after two decimal places. I would never use an exchange like VinDax, in the market there is no shortage of better exchanges than Vindax.

Just to inform also, another exchange - cointiger is doing the same strategy. When you withdraw your bitcoin, the last 4 digits (i.e. 0.02345788 btc) is not included in your withdrawal payment. So it means, they are getting a lot of satoshis from the withdrawal alone aside from the actual fee of 50k. Imagine everyday, there are hundreds or thousands of withdrawals, they are already earning bitcoin from the withdrawals alone.

[Novatech8]

A bad move, they force users to give up the change after two decimal places. I would never use an exchange like VinDax, in the market there is no shortage of better exchanges than Vindax.

Just to inform also, another exchange - cointiger is doing the same strategy. When you withdraw your bitcoin, the last 4 digits (i.e. 0.02345788 btc) is not included in your withdrawal payment. So it means, they are getting a lot of satoshis from the withdrawal alone aside from the actual fee of 50k. Imagine everyday, there are hundreds or thousands of withdrawals, they are already earning bitcoin from the withdrawals alone.

It's a way of gathering satoshis on their own, it's call cheating, just imagine if all users are leaving behind 0.****6793 sats every single day this way they will grow bitcoins on their own, can't trust exchanges anymore

[totoy4741]

Vindax has some reputations of bad exchange and I even heard a scam exchaanges due to some abnormalities within its system. I may not have experienced it myself but there are many vindax users are complaining and the team are not even doing anything to regulate to rules. At least should know by now and it can be avoided by spreading their project's anomalies.

[bluebit25]

A lot of new and small exchanges are acting like Vindax. They do not want users to receive their money in the current difficult conditions, so we need to stay away from these exchanges because it can become a scam anytime. Just choose the top exchange in this market and use, surely we will be safe

[smyslov]

Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below



The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

Good to see this one some new coins coming from the ICO are now listing their coin to VINDAX, since VINDAX already has a bad report ask developers of the coins you've incested and promoted not to list their coin in VINDAX one of these coins is PGPAY and I almost trade it here.

[hirngespenst]

Vindax is known shit exchange since it launched, mate. I did not see any big or wise trader suggests this exchange at any time! I don't know why you went to this exchange for trade, maybe to sell the bounty token? then that's okay, otherwise, take a lesson from this incident and avoid this shit exchange.

[Utoy101]

For almost a year now,  I've seen different scam accusation about vindax as an exchange. Although, many exchanges operates on regulated witdrawal and virtually all of them have scam accusations. Idax was known for delayed and regulated withdrawal too but the sudden increased rating and volume possessed by both vindax and p2pb2b during the fourth quarter of last year is really questionable as any exchange who would involve in wash trading isn't to be trust with fund.

However,  start up projects seems to conduct IEO on these two exchanges due to their different potentials, for dacx,  it offers investors the opportunity to purchase IEO even without registering an account and on the other hand,  p2pb2b offer cheap IEO listing compare to the large volume they claimed to possess.

[btcholder]

Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below

<image snip>

The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

It's sad that people face that kinda shit situation from Vindax. There are couple of few exchange came from last year and i thought it's a good exchange platform for trader. But if they didn't load their customers demand then it's better stay way from it. It is the worst side of unprofessional centralized exchange. They can do what they want, when they want. That's why people should move to decentralized exchange for healthy trade.

[fuer44]

Have you tried contact support? because this could have happened because the exchange is being maintained, so there is a delay in withdrawing. but if it's more than 1 day, I think that's indeed suspicious.

[CaVO32]

Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below

<image snip>

The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

It's sad that people face that kinda shit situation from Vindax. There are couple of few exchange came from last year and i thought it's a good exchange platform for trader. But if they didn't load their customers demand then it's better stay way from it. It is the worst side of unprofessional centralized exchange. They can do what they want, when they want. That's why people should move to decentralized exchange for healthy trade.

sometimes you can't avoid using such exchanges because there are alts or tokens that are only listed on their exchange. so you have no choice but to use their services if you want to sell a specific coin. but once you experienced such trouble on their platform, it is hard to use it again. it is actually the exchange's disadvantage as people will talk and users will avoid their exchange as much as possible. so if they will continue their not-so-good services, they will find themselves bankrupt in the end as there will be no more users going to their exchange.

[cahbagus555]

Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below



The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

Large exchangers have significantly reduced withdrawal fees and I think exchangers who still charge high fees will be abandoned. I think it's better to trade on a large exchanger and I think a project is not just listing on one exchanger

[Lexurdania]

The transaction amount is quite large compared to other exchangers. High deposit fees does not mean that Vindax is a bad exchanger, but maybe because it is still early, so they need to record profits.

[NewRanger]

The transaction amount is quite large compared to other exchangers. High deposit fees does not mean that Vindax is a bad exchanger, but maybe because it is still early, so they need to record profits.

its not about deposit fees but they scammed money from crypto projects. i know it this news from official twitter account, evit couen some influencer in cryptomarket retweet it too. for a while better to avoid vindax market if we want to sell our assets or we will loss our money.

Vindax is an exchange that I know they have a pretty bad customer service team. Last time I had a bit of Vindax trouble and contacted them via email but did not receive any feedback. An exchange almost all BOT pushes prices, it is best to stay away from them

it could be prove how they work. its quite enough for us.

[zaim7413]

There is nothing anyone can do about these exchange issues, no one will be able to take action against them because crypto invest is all users risks that is why majority of scam developers walks free after stealing investors money

That's right, I have never used Vindax exchange while working in crypto, because my friend was deceived when making a transaction to Vindax, which made me dislike vindax exchange at that time, and I also tried to analyze this Vindax exchange, and it turns out to be true if vindax exchange is an exchange that is not feasible for us to use in crypto.

[Stanlo]

OP already said he trade on vindax because the coin/token is listed only on the exchange, if not who dares to use the exchange? With that insane withdrawal fees and stealings

[Bossfidelity]

Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below



The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins

It's rather unfortunate that vindax has joined the league of scam exchange. I feel really sad because its getting more rampant to see exchange where people entrust their finance go under without any government authority making efforts to bring them to book. In my opinion, as long as the cryptocurrency industry is yet to fix her issues with the platforms in the space, no huge success would be recorded.