Is it a scam?

[Deviluv]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

[SaRmY]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Well, first of all, I advise you to study the interest rates on the platform on which you trade. The commission is sometimes monstrous. Up to 0.1 ETH per order. Before asking the question whether you are being deceived. Are you deceiving yourself?

You may not have sold all the coins. Perhaps you were wrong with the price. Look at the history everything is written there. If you used a decentralized swap there the price is average for the market.

[btc_angela]

Why don't you tell us what trading app you have used so that we can have an idea.

At this point we can really tell, perhaps it was the trading or other fees incurred doing the transaction. So let's not jump into conclusion right away here, but present us the trading app first.

[Deviluv]

The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.

https://ibb.co/4Wx98Fc

[Festac]

Honestly if you fall for such trick it's your fault, you are deceiving yourself on the inside and still trying to think and act as if you are smart, the exchange is a scam you don't need to tell us the name, I'm guessing you are trying to buy at 45$ thinking it's way cheaper but instead you get 70$ rate, if I'm wrong you would have tell us the name of such app

[Festac]

The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.

https://ibb.co/4Wx98Fc

Never heard of such exchange before, as a newbie you should have learn to do research first, why must you use this type of exchange? The link to the website is not even safe, it's a unsecured HTTP link, the LTC on the website shows 82$ per LTC though, newbies should stop using unpopular exchanges

[Deviluv]

 I was introduced to this app by friend and I was new to trading. Didn't know much about it. I already stop using the app now and used binance instead but I just want to confirm it was scam and not other reasons why this might happen.

[akirasendo17]

There might be two answers for your question, transaction Fee's and Exchange lets break it down but this is just my opinion

The fee's when we do trade there is always fee's attached to every trade, even a small amount gets fee's sometimes higher than the value of your coin,
but it would be an insane high transaction fee's so this is might not the answer for sure.
The second one is the exchange or the application you are using, this might be the culprit of why that takes so much from the amount of your coin, so it might be the transaction fee, and the amount the application your using is getting an extra commission, from the value of your coin, so before trading or using an application make sure you have read their terms and condition because it will cost you a lot, like what happened to you.

[aryana42]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Where did you make that trade? because now there are so many trading platforms that can be used by everyone, I also think this is very strange, but there must be a problem that occurs in the application you are using.

[istiak2277]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Which platform you have used? you said you have executed your trade-in market price. I saw in some exchange their sell order match with the market price movements but their pending buy order will always be much lower than the actual price. Those are some low-quality exchange and use bot trading to show high volume. Maybe you have done your trade-in in that scenario.

[RokokGudangGaram]

What APP are you using by the way? I think you should only trade on reputable and trusted exchange sites to avoid such scam it looks like a scam to me because even if there were trading fee I don't think it would deduct you huge amount.

[Lhaine]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Probably yes , but you should also provide link here so we can check and review it, where did you get the application link? Did anyone contact you to deposit in that website or application ?
Can you also give us images from your trade and try to widraw the balance to your own wallet if it's true exchange you will receive it if not then that fully scam app.

[gribalenfeksiyon]

Scams in the crypto market are easy. How many people and exchanges are exposed to fraud. We can be deceived immediately. We have to be very careful. Money is not easy to earn.

[Arkann]

The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.

https://ibb.co/4Wx98Fc

Please tell me, what attracted you to this resource? After all, the fact is that there are quite a lot of other opportunities to find more reputable and generally recognized exchangers for trading, which have better interest rates and more understandable functionality for beginners.

[tabas]

I am not even familiar with that app you have used. Check it out on coinmarketcap and how much the average price of LTC for each exchanges.
You have been scammed by that app and tell it to your friend that introduced you to that app. If it is too low within the average price of the market then they are misleading their traders.

[plr]

What APP are you using by the way? I think you should only trade on reputable and trusted exchange sites to avoid such scam it looks like a scam to me because even if there were trading fee I don't think it would deduct you huge amount.

OP should name the application so members will avoid that application it's pretty obvious that he has a bad deal based on his experience, like all the other's opinion it is a scam and you should create a thread on this application on the scam section, so those who will read will avoid this application and only trade on reputable exchange, it will save you time and money.

[Davian144]

Scams in the crypto market are easy. How many people and exchanges are exposed to fraud. We can be deceived immediately. We have to be very careful. Money is not easy to earn.

That's right, now trading on a new platform or exchange is definitely very risky, because the scammers are already very clever in building all kinds of things to deceive the many people who are in crypto, including making exchanges that look easy and promising at first, but are just nonsense.

[dhaldanga]

Those who are new to cryptocurrency do not have a detailed idea of ​​many things.
I also don't know the details about the scam.
Please tell, whats the story of them big puppys .....

[fridrix21]

This is a very strange situation, most likely you still made a mistake in the price or the exchange on which you were selling faded for a second, by the way, I had it once. You can try to write in support of the exchange or application on which you were selling.

[mersal]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Don't compare the price of your trading pair based on the prices from cointracking websites like coinmarketcap and Coingecko, just go to the exchange where you are going to trade and check what are the prices for your coins even though it is higher or lower, you are going to set your desired price and wait for the trade to get executed.