Worst exchange you experience for trading

[king4ty]

I haven't gotten into trouble with any exchange lately but i have experience bad service delivery from some exchanges.

Ranging from bad customer care, fraud, low responses time and lack of friendly interface etc.

There are some exchanges once a project list on it, i automatically tag the project as failed for me. Because the exchange will just make the project looks frustrating and worthless eg. vindax and coinsbit

I have totally stayed away from the 2 exchanges for good and i explore better exchanges. 

[1715332067]

1715332067

[1715332067]

1715332067

[1715332067]

1715332067

[dunfida]

Yobit.net or Yobit.io

-Shady ICO
-Shady volume
-Shady wallet maintenance
-Selective scamming (Locking user funds)
-Shady YoFarm and Investbox
-Never answers customer support stuff
-High withdrawal fees

Surprising that they are still running nowadays which
there are still people who do trust up this site?

[MyIdeas]

My bad experience was with cryptopia where I lost a good amount when they got hacked. After they were hacked they do not allowed us to withdraw our coins and after that they closed their service and still they are saying that the case is ongoing in the court and after the end of the case they will decide for the users funds.

[Lanatsa]

My bad experience was with cryptopia where I lost a good amount when they got hacked. After they were hacked they do not allowed us to withdraw our coins and after that they closed their service and still they are saying that the case is ongoing in the court and after the end of the case they will decide for the users funds.

Are you lost in track? You could always follow up this thread.
https://bitcointalk.org/index.php?topic=5097916.0

Although the latest update was still on July last years which we could really presume out that this case is already been dead.

[TimeTeller]

till date I have not been stuck on a scam exchange platform. However, a bad trading history has also happened to me some time ago. because of an urgent need I had to be willing to lose my money on the altcoin I invested which at that time was already down 40% from the first price I bought. So I take the principle of investing how much you can afford to lose.

Great to hear that you haven't scammed yet by one of these trading platforms.
Bad trading is normal to experience as I am certain, most traders experienced the same.
If you are trading only to reputable exchanges, then, you will not likely to encounter being screwed.
But if you try these small exchanges with very low liquidity, high chance that you won't get your funds out.
Lesson - if the exchange has shady reviews and unresolved problems, better not try them.

[MyIdeas]

My bad experience was with cryptopia where I lost a good amount when they got hacked. After they were hacked they do not allowed us to withdraw our coins and after that they closed their service and still they are saying that the case is ongoing in the court and after the end of the case they will decide for the users funds.

Are you lost in track? You could always follow up this thread.
https://bitcointalk.org/index.php?topic=5097916.0

Although the latest update was still on July last years which we could really presume out that this case is already been dead.

Thank you very much it really gave me benefit. I thought that now that exchange disappeared and now I cannot get any news from them. I gave my details to them in the last year but after that I not heard any news from them that what will they do.

[nhaila]

I made a big mistake when I first entered in cryptocurrencies because I took participated in a campaign MB8 miltibuy project managed by Yahoo sir . But I transferred all my coin on whitebit exchange but unfortunately my all coins vained due to exchange delisting.

[Strongkored]

Yobit is so bad at handling complaints from their users that, they never even reply and resolve them.
Bittrex also takes a long time to complete each complaint from users but they can solve it well only takes a long time.
Hitbtc you will pretty much leave the coin there because a few percent coin you deposited can not be moved into trade balance so it can not be sold, this is very annoy, I don't know if they have changed this.

[toast]

I also had my fair share of bad trades, but fortunately I didn’t had any with scams. I think that this is the reason why it kept from being under such situation, to doubt and never initiate to deal with anything that is shady or have conflicts when it comes to their users and all.

[livingfree]

But I transferred all my coin on whitebit exchange but unfortunately my all coins vained due to exchange delisting.

Didn't they sent you a notice that that coin will be delisted into their exchange? It's common for an exchange to give a notice to all of their users about the upcoming delisting with any token that they've chosen.

How much what was that during that time, the value in fiat that you've lost? Because AFAIK, even they delist it, you should still be allowed to withdraw it.

[beerlover]

Honestly all exchanges are a bit wild when I start using them. We have like 6-7 local exchanges in my country, most of which work between banks and crypto so that you could turn your fiat into crypto or vice versa. I have used 3 to 4 so far (I used 3, but the fourth one was just a few time deal and not a long term deal), and all of them had problems.

Basically they just kept the money in their accounts longer than I liked, that was always the issue. When you withdraw money then it should be in your bank account at most in 1 hour, it is just a bank wire, how long could it take, it is a very local one as well anyway.

However, one of them took literally 12 days, 12! and not like they were keeping it as a punishment for not following rules or something, they just said they had a problem with the bank and that's it. It could be true but why would I use a place with a bank problem?

[2girls]

I have not used many exchanges so I will just discuss some exchanges. The best exchanges I have ever experienced are Binance, Kucoin, Bybit, and MEXC. These are some great exchanges that have a great interface, customer support, trading page interface, and many good features.
Now I am sharing a bad one I have ever experienced, that one is P2PB2B you must have heard about it. I don't like their buying selling page interface, and they show fake volumes they show fake details. You can check it yourself. Order will not fill but volume will be increasing continuously.

[kawetsriyanto]

I've got a bad experience in Emirex. Previously, I have some EMRX tokens, so I want to trade them on Emirex exchange. I successfully sold all my EMRX tokens and converted them to USDT. But when I want to withdraw my USDT, I'm surprised that the transfer fees are very expensive, sadly no option for Tron chain. Then, I check the transfer fees of other coins/tokens, I plan to convert my USDT to other coins/tokens if there is a cheaper transfer fee. Unfortunately, there are no differences in other coins/tokens, all have expensive fees. So, till today, I still keep my USDT there.  

You can check the transfer fees here: https://kb.emirex.com/fees-structure

[Rengga Jati]

I ever used Livecoin and this was closed permanently, I left some coins there and I missed to claim because they are closed.
Well, the exchange was accused as a scam exchange. Actually, in the beginning, there was no problem for me, but there is so many accusations about this exchange and then they are closed.

Btw, I also don't like some exchanges that pay very high costs for withdrawal, higher minimal withdrawal amount, and also leaving some coins in the exchanges when withdrawal, so I cannot withdraw all coins from the exchanges.
But, I am a little bit forget about the name, which is quite familiar, some exchanges

[Fatunad]

I ever used Livecoin and this was closed permanently, I left some coins there and I missed to claim because they are closed.
Well, the exchange was accused as a scam exchange. Actually, in the beginning, there was no problem for me, but there is so many accusations about this exchange and then they are closed.

Btw, I also don't like some exchanges that pay very high costs for withdrawal, higher minimal withdrawal amount, and also leaving some coins in the exchanges when withdrawal, so I cannot withdraw all coins from the exchanges.
But, I am a little bit forget about the name, which is quite familiar, some exchanges

Hitbtc is one of them and if you do look their withdrawal fees or rates then its on the roof top and same goes with Yobit too.I have experience on using up these platforms since i do need to
sell off some of my coins that i do have in stash and it is only available into these platforms which it would leave no choice but to take risk on making out deposits.
This is why its always better to stick with the best current platforms that we do have in the market today if you dont like to experience possible problems or headaches
in the future.

[Anguwa]

There are lots of exchanges available in this crypto platform. Binance kucoin coinbase houbi and so many good exchange Where people keep trading daily. But apart from that, sometimes we need to use unknown exchange for trading. Some may good and some may bad. And thats what I'm looking for! Your selected worst exchange, may best for others but it doesn’t matter. Share the name of exchange which gave you worst trading experience, scam your fund or sometime else. Share, so that others can alert from it.

I am not a big fan of cryptocurrency trading; instead, I prefer to purchase and hold. However, when I worked on a bounty, they would sometimes pay me in strange exchanges that made withdrawal difficult or required a lot of procedures. I only remember selling my coin on the Bitforex exchange, and while I didn't lose any money, it took me a long time to figure out how to withdraw my funds, and it also took a long time to receive my coin after depositing USDT to my Binance account. That's why, when I truly need to acquire a token, I always go to Binance and KuCoin.

[dimonstration]

There are lots of exchanges available in this crypto platform. Binance kucoin coinbase houbi and so many good exchange Where people keep trading daily. But apart from that, sometimes we need to use unknown exchange for trading. Some may good and some may bad. And thats what I'm looking for! Your selected worst exchange, may best for others but it doesn’t matter. Share the name of exchange which gave you worst trading experience, scam your fund or sometime else. Share, so that others can alert from it.

I am not a big fan of cryptocurrency trading; instead, I prefer to purchase and hold. However, when I worked on a bounty, they would sometimes pay me in strange exchanges that made withdrawal difficult or required a lot of procedures. I only remember selling my coin on the Bitforex exchange, and while I didn't lose any money, it took me a long time to figure out how to withdraw my funds, and it also took a long time to receive my coin after depositing USDT to my Binance account. That's why, when I truly need to acquire a token, I always go to Binance and KuCoin.

If you are using Binance and Kucoin, How you are having a hard time on withdrawing tokens on Bitforex while the process of withdrawal is just really the same. Only the UI is different but the function of withdrawal is in same place which is on the account. Only the KYC is strange there if you deposit above there maximum amount allowed for non KYC user. I agree with you that there approval of withdrawal is a bit slow but not that too slow that longer a day on Binance and Kucoin. There's a lot of worst exchange than that like Livecoin, Yobit and Hitbtc.

[Mehedi72]

Support - that's in fact the most common issue. exchange that takes the extra step to ensure deal with customers complaints no matter how good their exchange platform or system is.

Actually we consider an exchange as good, only if it has all qualities that we want. so good quality exchange wouldn’t have those issues, i believe. Yeah an exchange should take extra step especially so that they could verify customer easily and solve the problem.

I've experienced deposit not getting credited & frustrating is when there's no one from the exchange's customer support team handling your issue. i usually hesitate before using such exchange.

except some top exchange, this is common problem with most exchanges. Even sometimes they response but annoying is, they behaved badly and don't try to solve the issue, just referring here and there to talk. Although its better than having nobody for response

[blockman]

except some top exchange, this is common problem with most exchanges. Even sometimes they response but annoying is, they behaved badly and don't try to solve the issue, just referring here and there to talk. Although its better than having nobody for response

There really is a time that they act like that, it's not understandable and cannot be tolerated. But it's a fact that someone has responded and it's better to be like that than there's no one that has been answering our questions and queries.
We have to be patient when it comes to this since we're the ones that are needing help. There are those supports that will help you quickly and reacting base on how you treat them, sad but truth.

[lumeire]

For me, yobit is the exchange that feels like it can scam me out of my money anytime, although they have never done that but it still feels the same. The customer service is very poor and most of the times they don't even respond to the tickets created, after about 4 to 5 days average time they respond to the tickets that were created. The coins listed there are mostly dead coins or mere pump and dump tokens that are to scam the newbies off of their money, rest the UI isn't that responsive in many low end devices as compared to other more trusted exchanges.