Is KCEX exchange a scam? Anyone have any ideas?

[koinforum]

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.

I came across an article like this https://kriptohaberim.com.tr/kcex-com-scam-mi

Also, there have been many complaints about the same issues regarding the KCEX exchange. https://sikayetkripto.com/Marka/KCEX
In the article, there are many negative comments about KCEX and all the existing complaints are brought together. I think they are not giving them their rewards with the bonus programs and information. They are also closing accounts for no reason and not providing support.

[Charles-Tim]

This exchange: https://www.kcex.com/

Yes, it is a legit exchange. But I have not used the exchange before.

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.

It has been created since 2021.

Also, there have been many complaints about the same issues regarding the KCEX exchange. https://sikayetkripto.com/Marka/KCEX
In the article, there are many negative comments about KCEX and all the existing complaints are brought together. I think they are not giving them their rewards with the bonus programs and information. They are also closing accounts for no reason and not providing support.

Also not having good review on Trustpilot: https://www.trustpilot.com/review/kcex.com. But most well known exchanges review on Trustpilot is not also that good.

[Potato Chips]

This is my first time hearing this exchange. If you're gonna use it, make sure you know the risk because it is typically higher with lesser known exchanges.

From the things you pointed above though. It's more than enough reason for me to stay away along with the fact that they haven't built a good reputation yet in the space-- since they're new in the business as well.

By any chance, do you have a platform-specific use case in mind?

[Tungbulu]

Well this is also the first time I'm coming across such an exchange,  I believe I've heard about  CEX exchange and not KCEX, so I can't really give a review on the exchange, but from the little digging I just did, I've been able to confirm the fact about the domain being registered in 2004 and the exchange only being active for just a year. I also saw some negative feedbacks and complaints, such as issues with account closure without valid reasons or no reason at all, there's also the issue on lack of support to customers.
And yeah, I also saw something about the exchange giving a 100x leverage. I mean that's just crazy.
Anyways, all I can say is, anyone planning on using the exchange should make sure they conduct a thorough research about it before making any move.

[BABY SHOES]

The exchange is listed on Coinmarketcap - https://coinmarketcap.com/id/exchanges/kcex/
But accessing the site, the site is down for maintenance but there is no announcement on their social media, which is a bit suspicious.

I'm honestly new to this exchange too, but I don't know why so many reputable exchanges would choose such an obscure exchange?
I would still avoid exchanges that don't have any credibility.

[shinratensei_]

Their trading volume is quite good and they are listed in coinmarketcap as many have stated, but honestly in this day and age, why even bother with some exchange that you are not so sure while more popular and reliable exchange exists, more over you can always use DEX if you find the coin you're trading is not listed anywhere.

so really, if you are in so much doubt, just settle for better exchange and better trading volume.

[FinneysTrueVision]

They did register as an MSB with FinCEN, but the address on their registration is for a private mailbox service in Denver. I don’t believe this type of registration is enough to offer futures trading. The registration might just be to give the appearance of being legitimate. The complaints, not just on the Turkish website you mentioned but also on Reddit and TrustPilot are about their bonus being a scam to get people to register and deposit. If it is not a scam, it is certainly shady.

[Dave1]

I was able to access the website just right now.

But I don't know, my gut feeling says that this could be just another fly by night exchange. So I wouldn't even deposit some for trading even if they claim that Zero Trading Fee Event for Spot Trading.

It's better to be safe than sorry.

[michellee]

This is my first time to hear KCEX. If you want to uses an exchange, you must search from many sources and not just end to one review. We have other reputable exchanges so I wonder why you want to use that exchange. We don't knows how long the exchange finish the maintenance process but if the exchange have a solid team, hopefully, that will not be too long. But yes, that will depends on the bug.

It is better you use the other exchange that have a good reputation so there are no worry from your side. But if you want to save your investment, it is better not to use an exchange to keep your coins. If you thinks that the exchange already got many bad reviews, you don't have to use that exchange.

Be careful to select the exchanges for trading or investment. We don't know how good they will protect their site.

[tvplus006]

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year....

If you have doubts about the legality of this exchange, then you do not need to test it with your own money, while there are a very large number of good exchanges on the market, the functionality and reliability of which have been tested by time.

[hugeblack]

Also not having good review on Trustpilot: https://www.trustpilot.com/review/kcex.com. But most well known exchanges review on Trustpilot is not also that good.

yes, but well known exchanges have hundreds or thousands of reviews, not 14 reviews, and more than 60% of them are scam accusations.
The negative reviews do not talk about problems, but rather fraud accusations even after completing KYC, and they are all limited to the last 3 months.

Their trading volume is quite good and they are listed in coinmarketcap as many have stated, but honestly in this day and age, why even bother with some exchange that you are not so sure while more popular and reliable exchange exists, more over you can always use DEX if you find the coin you're trading is not listed anywhere.

These are not reasons to trust the service, they are scam.

[Catenaccio]

This exchange: https://www.kcex.com/

Yes, it is a legit exchange. But I have not used the exchange before.

I only find it on coinmarketcap.com and this exchange does not list on Coingecko.com and some third party websites on cryptocurrency exchanges. I did not use this exchange before but by lacking of information on several websites, I don't trust this exchange.

On coinmarketcap, it is ranked at 28 position now.
https://coinmarketcap.com/rankings/exchanges/

You can not find KCEX on these following sites.
https://www.coingecko.com/en/exchanges
https://www.cryptowisser.com/exchanges/
https://exchangewar.info/

[Dunamisx]

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.

I don't have experience with the use of this exchange and as a matter of fact, am hearing about it name for the first time, but if i will advise that while making a decision on which exchange to use, its better we consider the ones that have a global recognition and reputation, though going by their online reviews could help to an extent but they are not hundred percent reliable because some could be manipulated as well.

[SquirrelJulietGarden]

I don't have experience with the use of this exchange and as a matter of fact, am hearing about it name for the first time, but if i will advise that while making a decision on which exchange to use, its better we consider the ones that have a global recognition and reputation, though going by their online reviews could help to an extent but they are not hundred percent reliable because some could be manipulated as well.

I don't know about KCEX, never used it.

If you sort Trading volume last 24 hours, you will have KCEX at the 13rd position on Coinmarketcap. It is a high rank, with sorting in Trading volume. I notice the red x from Coinmarketcap, that represents "Reserve data unavailable". It is one thing you have to consider if you are considering KCEX for using.

If their exchange are good, they would have submitted that information to Coinmarketcap for update transparently because it is helpful for users and who want to become their users.

[albon]

If you sort Trading volume last 24 hours, you will have KCEX at the 13rd position on Coinmarketcap. It is a high rank, with sorting in Trading volume. I notice the red x from Coinmarketcap, that represents "Reserve data unavailable". It is one thing you have to consider if you are considering KCEX for using.

If their exchange are good, they would have submitted that information to Coinmarketcap for update transparently because it is helpful for users and who want to become their users.

This indicates that the KCEX exchange, which seems to be unfamiliar to most members, has failed to provide the Proof-of-Reserves offered by Coinamrketcap ^{[More Info]}, which reduces the transparency and credibility of this exchange, as new customers will feel insecure since the total balance data for the platform’s reserves are unavailable. In addition, their official account on X does not show much engagement from the crypto community, with only 14,000 followers and most tweets receiving few comments, retweets and likes. The same applies to their other social media accounts, and there have been several complaints related to withdrawals and similar issues.

For me, although it is an old exchange platform, there are no features that would make me stick to it over other more reputable top platforms, as I aim to avoid any potential financial losses.

[adaseb]

Ive been in crypto for 10 years and Ive never heard of this exchange. Could it be legit? Sure but why risk it when you got tons of other exchanges which are completely legit and got tons of liquidity.

It might be due to bad marketing or some other reason why it hasn't caught on. Either way. With how many people lost funds on exchanges in the past or had their accounts frozen due to KYC issues, I wouldnt risk sending any type of money or crypto to these exchanges.

If you want to trade, use an exchange like Coinbase for fiat on ramp and off ramp and then use a DEX that you trust and you won't have to worry about losing your crypto because you are the self custody holding the keys.

[retreat]

This is my first time knowing about this exchange, and there is not much I can comment on this exchange because there is little information I know about the exchange. However, when I visited the exchange site, I found that they are under maintenance, I don't know how long the maintenance has been going on but it doesn't seem good for users. And on their social media, they don't have that many followers and interactions, and their application is not that downloaded too much. I can't say whether this exchange is legit or not, but people who are dealing with this exchange should be more careful about their assets there.

[Dunamisx]

I don't have experience with the use of this exchange and as a matter of fact, am hearing about it name for the first time, but if i will advise that while making a decision on which exchange to use, its better we consider the ones that have a global recognition and reputation, though going by their online reviews could help to an extent but they are not hundred percent reliable because some could be manipulated as well.

I don't know about KCEX, never used it.

If you sort Trading volume last 24 hours, you will have KCEX at the 13rd position on Coinmarketcap. It is a high rank, with sorting in Trading volume. I notice the red x from Coinmarketcap, that represents "Reserve data unavailable". It is one thing you have to consider if you are considering KCEX for using.

If their exchange are good, they would have submitted that information to Coinmarketcap for update transparently because it is helpful for users and who want to become their users.

Thank for giving more light on this, i think OP could be able to deduce some facts about the said exchange from all these that had been said, as regard the unavailable information reserved about the exchange, this constitute one of the reasons why we may not be able to trust the use of centralized exchanges because their most information are not given completely for public opinion and view and i don't know why they keep holding on those pieces of information.

[SamReomo]

Does anyone have experience with the KCEX exchange? The domain was registered in 2004 but the exchange has been active for 1 year.

I haven't heard about that exchange but I can really tell you that the domain names can be purchased by new holders when they get expired. There are so many domain name that expire on daily basis and one can buy those domain names at expired domain listing sites. However, I can't really confirm if that exchange is a legit one or not.

[dansus021]

Is KCEX exchange a scam? Anyone have any ideas? First of all after I opened the site it says the site is under maintenance.



After I looking it on coingecko there is no exchange called Kcex so if I were you better to not touch this kind of sites and stick to regular Cex, and if there is an article called them scam stay away from it