Crypto Bad Exchanges

[Kunnu]

The top three exchanges in your list shows fake volume that's absolutely true many experience cryptocurrency traders have observed this but I don't think the fourth exchange in your list is bad the volume of latoken looks genuine I do trade on this exchange and the most important thing I successfully withdrew fund several times from this exchange without any kind of trouble anyway it does not matter if the exchange is top ranked or an average the necessary step is for every cryptocurrency trader, they should not hold huge amount of fund on any exchange because there is no proof of reliability.

[1714684936]

1714684936

[Ucy]

I think you'll convince people quicker if you add real proofs to your accusation. I am not sure if I have used any of the exchanges, but doing things this way will encourage others to make false accusation if they want to.
Besides, people should reduce their usage of unsafe exchanges. Exchanges that adhere to Bitcoin/Blockchain principles are safer in my opinion.

[totoy4741]

I have read a lot of bad/negative things about P2PB2B and Latoken  these two have been around but not looking good exchanges. Many say as well that most of the projects that hold IEO with them 90% turned into scam. While vindax I thougjt at first it was a good exchange just like BCEX. They where all hyped up but suddenly things turned around.

[Bitbtc8]

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'm hoping many newbies will see this on here, large number of people are still patronizing these scam exchanges everyday, the fact is not everyone gets same result, I have see few users withdrawing successful on vindax

[shadowdio]

Sometimes I've seen those exchanges are in the top volume in the coinmarketcap so I can say that they are using fake volume because they are not popular exchanges. We should not use those using fake volume.

[gaston castano]

I agree with the list ,all of them is just using a fake volume to be known and to be able to ask higher for listing in thier exchange. Since they are claiming they are one of the top exchange base on volume.

But if you use and register that exchange you will easily identify fake trades and fake volume they do just to be in the top.

yes, exchanges like this make purchases and sales that make no sense.
for example, in ltc coins, sell and buy simultaneously with a different, thin amount.
and when I place a sales order, it doesn't sell because the price changes immediately when someone places a sales order.

[dainoran]

I agree with the list of exchanges that you enter, some exchanges that often create fake volumes to increase their exchanges, so they can claim they are one of the best exchanges.

[kindbtc]

Well i agree witht he listbut there are many many more exchanges that fall in suspicious category so we all have to be careful and only deposit and trade at reputed platforms only to avoid risk and loss of money. I have also seen complaints from members about exchanges who allow deposits but reject withdrawals such exchanges should also be reported and never used by anyone.

[masterrex]

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

To be frank, i do not rate those listed exchanges at all,

Vindax, all airdrop tokens i have on vindax are worth nothing but 00$.
Its been over a year i used latoken.

To be honest, you cannot avoid any crypto currency exchange because as an airdrop or bounty participants, you are linked to the exchanges one way or the other.
Most recent example is this, just 4 days back, i sold Faireum Token (FAIRC) (Bountyhive bounty token) on P2PB2B at a very good price.

My advise is this, if you are a full grown trader, then do not go near those exchanges, use the top rank exchanges always, But if you have altcoins to sell on the listed exchanges, use them, sell your altcoins, and withdraw your assets immediately.

I am not for or against, i just gave an instance for what i would do.
DYOR and be responsible for any exchange you trade with.

I agree with your observation it depends on what you are doing and your purpose, if you are a bounty hunter or airdrop hunter those exchange that you mentioned, is the most common market for it. so why you are avoiding them it is better to ride with the flow to monetized your bounty tokens or Airdrop tokens thats simple.

[istiak2277]

I have used all of those exchanges. Vindax was the worst exchange ever. P2PB2B has a very high fees and fake volumes. From that list you give latoken is the only exchange that is better than the other 3 at least. There are other exchanges that are also bad as well. Here are some of them. Coinlim, Coinsbit, Whitebit, etc. Stay away from this exchange.

[Doranile432]

Crypto space is not safe at all, you have to watch out for yourself in every corner, both when investing in coins or when choosing exchange to trade, dangers lurks in every corner, you are on your own, precaution is better than cure

[mdzahed134]

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.

I have no idea in the systemkoin exchange even i heard first time and another 2 exchanges i used several times. Maximum projects is chosen and endorsed specially in two shit exchanges latoken and p2pb2b. No doubt to garbage  which projects will engage in those exchanges to IEO purposes. They obviously well familiar before list here.              

[makishart]

Sometimes I've seen those exchanges are in the top volume in the coinmarketcap so I can say that they are using fake volume because they are not popular exchanges. We should not use those using fake volume.

Just try to remember never try to use any exchange site that placed at the top rank on CMC, we are really aware about that and it looks like so many people have already realized the potential of those exchange sites have already used manipulation to fool the traders. I personally never try to use CMC again. im tired to see that

[Byakuga]

Coinsbit? 
Many says that this exchange is connected to P2PB2B and this 2 exchange popular by faking the volume and also listing shitcoins that don't have potential to increase price.  And if you want accurate data much better to visit Coingecko - https://www.coingecko.com/en/exchanges

I don't think they are managed by same team, it's just that they offer same kind of shitty and scammy service, some lost funds on this exchanges and some don't, it's like a game

[Golftech]

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.

I have no idea in the systemkoin exchange even i heard first time and another 2 exchanges i used several times. Maximum projects is chosen and endorsed specially in two shit exchanges latoken and p2pb2b. No doubt to garbage  which projects will engage in those exchanges to IEO purposes. They obviously well familiar before list here.              

The problem of those projects being added to this exchange which they can easily manipulate using fake volumes and bot that will work in their favors, Everything should be assess and never to take for granted, it's your money or assets that you needed to take care.
Observe how this exchange behaves and it's better to stay away from those to avoid losing your funds.

[btccrusher]

The most annoying part about these crypto exchanges is their ranks on rating websites e.g coinmarketcap, I wonder how this website get so blind and over look the fake volumes and watch trades, they need to be exposed

Because of the API signal they provide, the ranking sites shows such data. I don't they'd prefer a manual option for each exchanges, however they should add exchanges hand pick only. Also, you can watch Coingecko for an extra layer of trust score. It's seems moderately fair.

[bobelr]

Thank you for sharing. I already switched to using AtomicWallet as a decentralized non-custodian wallet where I control my funds. Exchanges suck. All those you listed here have pretty suspicious and bad record.

[posi]

Sometimes I've seen those exchanges are in the top volume in the coinmarketcap so I can say that they are using fake volume because they are not popular exchanges. We should not use those using fake volume.

Just try to remember never try to use any exchange site that placed at the top rank on CMC, we are really aware about that and it looks like so many people have already realized the potential of those exchange sites have already used manipulation to fool the traders. I personally never try to use CMC again. im tired to see that

Snap out of it buddy, are you saying using exchange like Binance, coinbase Pro etc is not advisable when you said using top listed exchange on the capital market?
You said it yourself that those exchange site fake volume then why is capital market is the one to blame when they only give out the volume information posted on exchange site?

[ned.ryerson]

Latoken is a very doubtful exchange. I don’t understand how to relate to it. when this exchange first appeared it was very popular, but then it began to do very dirty things. they conducted IEO for any scam project. Now they have made a new design for their exchange and they continue to exist.

[Youghoor]

I agree perfectly with the suggestion of the OP, these exchanges are not worth trading on. Don't even sign up to trade over there as they can exit scam at any point in time and fake news of stolen funds by hackers. You know sometimes I do ask myself, how do we really know that hackers stole the funds but rather this is not a whole plot by the entire team of the exchange.