Crypto Bad Exchanges

[TopTort777]

What is the motivation to trade on this doubtful exchanges? Lower fees? Binance has 0.1% trading fees. Higher security? Coinbase never been hacked. So what is the real deal on this exchanges?

Motivation to trade - lots of alts can easily be listed on these exchanges. As well as scam projects can be listed there (speaking about p2pb2b mainly).

[hulla]

I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

A lot of accusations have been said about P2PB2B and Latoken but i dont see any reason a genuine crypto enthusiast or investor will choose to Vindax and Systemkoin which are opened not nore than 2 years.

I will be happy if the OP could include tagz and coinhe either.

[luckyflop]

I think you should add a few other exchanges such as Yobit, Bcnex exchange ... these are also scam exchanges and stealing a lot of investor money in the past, away from these exchanges if not. want to lose money

[nicecrypto]

As much as the information is valid and much appreciated, I think the target audience to read and utilize this information would be the project team who are always seeking out cheap and scamming exchange to list their tokens,
If a token you own is not listed on any of the above mentioned exchange, there won't be any need for anyone to be in that exchange in the first place, so if project team stop listing on this exchange, people will stop patronizing them.

[reallester]

I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

You are right by your lists. P2PB2B most especially is a fucking nonsense exchange. I get almost daily login notifications even when I don't login. A lot of scammers prowling that exchange. Another crazy thing about the exchange is it's fake volume. Shit.
BTW, I'd say Latoken is better off than Probit. Probit is yet another exchange full of shitty coins/tokens with fake volumes and trade. Sometimes I wonder why CMC keeps accumulating fake exchanges. One need to be extremely care where he or she trades crypto

[aemma]

I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

These exchanges are notorious for fake volume and other unfriendly practices. Starting with Latoken and P2PB2B, any project listing IEO there, I consider the project and it's team not serious because both exchanges are known for low volume adequate to contribute positively to the growth of a project. Also, any existing projects listing there I see it as the team are either looking for a way to exit the project, because one can't see an exchange with nothing good to write about and still list there. The other two exchanges have nothing to write home about, low volume, wash trading etc. In all ramifications, you are right with this list, so anyone getting involved with them, have himself to blame in case of any circumstances.

[mdzahed134]

I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

5. Exrates
6. Coinsbit

Many hunters still not using exrates exchange though who's are fortune because in the exchange i got worst experienced. And i think now this one scammed. Who guys assets stolen both of these exchanges they already making warned to created scam accusation. New members didn’t care fake exchanges.                            

[Flux0z]

Don't even use centralized exchanges if they worry you this much.

Stakenet's upcoming Lightning supported DEX is one I'm anticipating a LOT. It's an integrated part of a multi currency wallet with built in 1-click Lightning swaps.

Check the pic below... It allows for instant near feeless trading. Something never seen before.

[hirngespenst]

I really appreciate you for this thread and I want to add some more exchange name in this list and those are Coinsbit, Coinlim, Coineal, Exrates! These all are shit including your mentioned ones! Anyone in crypto should stop using these scam crypto exchange, and any project from their launchpad should get ignored by anyway!

[Utoy101]

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Virtually every cryptocurrency traders have had their fair share of bad experiences from these exchanges you listed above. It's a good thing seeing people sharing their experiences with various bad exchanges, atleast it will save thousands if not millions of other people.... However, there are more to these bad exchange and i see that other members of the forums are listing them out,  it would be nice if you can compile them to the main post so that everyone will see it when they open the thread instead of reading through the whole comments

[Indymoney]

We have very long list of bad exchanges as you post only four now recently many other cases appearing for scams and cheats but no response from support and users losing good amount of funds which is hurting very badly but sadly we have no check and balance for this all so we have to check these things by ourself for safety and better management of our funds.

[retnoanjani]

To be more educative, the OP should provide a more detailed explanation of what bad experiences when using the exchange mentioned. It is better to be accompanied by accurate data related to volume and liability that can be obtained from https://coinmarketcap.com/rankings/exchanges/ and https://www.coingecko.com/en/exchanges

Based on personal experience, I once joined a project listing on P2PB2B, which was quite disappointing because it seemed like there was a lot of manipulation and fake prices with very far spreads.
Joining a bounty campaign that has guaranteed that the coins or tokens that have been listed on the exchange does provide excitement, but it also needs to be considered where the exchange is chosen. Do not expect too much if the choice is only one, and that has been mentioned OP. That sometimes only gives false hope.

[Quidat]

I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.

Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap

1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken

Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day

I do somewhat agree to this list and also i want to suggest on putting up that shady Yobit.net/io exchange.Agree on me everyone?  

This is why its always been important on sticking with known exchanges rather than considering low ranking ones yet we know these issues
and problems is much more on high rate than sticking with Binance and others.

Nothing is perfect though but at least we should stick for those platforms that doesnt give out much headache.

[patz22]

I only had experience with p2pb2b, yes, I can say that this exchange got full of bots just doing the trades. You will just get rekt if you are planning to trade here. And other than that, this is an IEO killer, even though the project is "good" or "ok" but doesn't have enough funds to do IEO on bigger ones, they chose to have their IEO here as you see, this is the exchange who are holding a lot of IEO in one time. Hence, the exchange will kill the tokens because of their bots.

[SaidNurs]

One of the coins that I have is in one of the openings you mentioned, so I feel that the coins that I have are worthless. But I still keep the coin to wait for time, that now is still in the process of renewal and hope the coin is in the best exchange

[Kotone]

These exchanges are the worse when it comes to volume and listing. Many tokens have been listed without much reviewing on these exchanges. Especially p2pb2b exchange which list all project on their IEO even the new project doesnt even have potential or good concept.

I am not familiar with systemkoin exchange but the other mentioned are clearly doing some fake volume and manipulations.

[michellee]

Fortunately, I don't use the exchanges that OP mention because I don't see my coins or tokens in that exchanges, so I still stay with my exchanges. Although that exchange is a centralized exchange, I don't feel too worried to trade in that site because so far, I don't have any problem with them. I will stay away from the exchanges that OP mention because I don't want to get a bad experience, and I hope that other people will do the same thing as we don't want to get scam.

[Johnson knight]

Unfortunately, the cryptocurrency space is getting filled with poorly managed and underdeveloped exchanges that make trading and withdrawal of funds extremely difficult. I wouldn't  want to fall victim to such exchanges, so I am being careful. That is why I am using Amanpuri exchange for trading digital assets. The exchange supports fiat to cryptocurrency trading, have 100x leverage trade that opens on March 27 and much more.

https://amanpuri.io/?ref=b5622039

[Sebas.tian]

I heard my experience then in 2018 with two of the exchange OP mentioned and people are still falling prey to their tactics. Its important to show the bounty hunters or traders and investors the true nature of these exchanges. They're worst in faking volumes with their exchanges which is a trap to loose your heard earned money. Its unfortunate that, many in this forum don't care of what information shared on the platform but, all they care much is what they will earn from the forum. Let be caution towards the aforementioned exchanges.

[maruf01788]

I agree with you. This exchange really bad. I don't know why people Choice p2pb2b, latoken for ieo. Bitebtc, tagz is big scam exchange, you can include them.