Is KCEX exchange a scam? Anyone have any ideas?

[fuguebtc]

But may I ask why you choose and want to use this exchange? Meanwhile, we have many reputable exchanges in the market and you can choose any exchange without worrying about the issues you are concerned about. Furthermore, you have enough evidence that it is unreliable, so why would you want to use them?

In my opinion, choose the top exchanges that are chosen by many people instead of choosing exchanges that are not highly rated by the community. Using centralized exchanges is already a risk for us so don't add to the hassle and risk by choosing less reputable exchanges .

[Jerryanon]

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.

It seems like a scam. Despite their recent marketing campaign promoting 0% withdrawal fees, they have now started implementing a so-called “Risk Control” on every transaction, even demanding additional KYC verification from users who have already completed it. Previously, I had withdrawn over $80,000 without any issues, but now I’m facing problems with a relatively modest three-figure withdrawal (around $1,000). This sudden change in policy raises concerns—potentially indicating internal liquidity issues at KCEX. Until they address these issues transparently, I believe their actions are highly questionable.

[betswift]

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.

It seems like a scam. Despite their recent marketing campaign promoting 0% withdrawal fees, they have now started implementing a so-called “Risk Control” on every transaction, even demanding additional KYC verification from users who have already completed it. Previously, I had withdrawn over $80,000 without any issues, but now I’m facing problems with a relatively modest three-figure withdrawal (around $1,000). This sudden change in policy raises concerns—potentially indicating internal liquidity issues at KCEX. Until they address these issues transparently, I believe their actions are highly questionable.

Damn.
Sounds like a no-brainer going to some other exchange for me.
 
Thanks for the insides, never used it myself (I am fine with OKX).

[john_egbert]

But may I ask why you choose and want to use this exchange? Meanwhile, we have many reputable exchanges in the market and you can choose any exchange without worrying about the issues you are concerned about. Furthermore, you have enough evidence that it is unreliable, so why would you want to use them?

In my opinion, choose the top exchanges that are chosen by many people instead of choosing exchanges that are not highly rated by the community. Using centralized exchanges is already a risk for us so don't add to the hassle and risk by choosing less reputable exchanges .

DEX > CEX > Non-credible exchanges.
However, CEXes are more convenient, in humble my opinion.

[Hamza2424]

Hmm, I am not sure as I cant get the language on the provided link but looking like it is a review site, similar to the trust pilot, and here is what I've seen on the trust pilot dashboard, I've never traded on that exchange as I'm not familiar with it I cant comment on their reputation but even if they are legit seems like they've overlooked their reputation score on different platforms which indicates the non-serious behavior with reputation an in-direct indication towards poor or even scam business model.

DEX > CEX > Non-credible exchanges.
However, CEXes are more convenient, in humble my opinion.

Yup, no doubt if you are willing to risk your privacy as here in undeveloped countries even these exchanges provide data without any notice to many organizations, even though most of them are under government still it's concerning.

[armanda90]

Its first time for me hearing with KCEX exchange since know with cryptocurrency more than 5 years ago but do not know well with that exchange and how their reputation. Never found with this exchange already listing for any top coins from ICO pre sale or any coins from airdrop listing there and make me not know well with this exchange. But looks with their twitter social media account very active and have 24k follower with daily days tweet without missing any one day yet.

Checking the exchange website looks maintance and can't believing on their twitter account not have official announcement about the market problem. I think be careful when saving or trading cryptocurrency with not really popular exchange market avoid easily become scam and make us loss our assets.

[YOSHIE]

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

Remembering that the KCEX Exchange does not advertise here, so there is minimal experience with the KCEX exchange, at first glance you have shown a link about KCEX that's a point for you, for additional information about whether the kcex exchange is legit or not, you should at least refer to several other sources, for example about KCEX Review 2024: Features, Benefits, and User Guide

I don't think there are many ideas that can be given to you, except ideas like those in the quote below.

However, there are some concerns, too. First, the lack of fiat support makes it difficult for people to begin trading on KCEX without already owning crypto. Additionally, there have been reports of the platform being flagged by virus-scanning sites.

Given how young the exchange is, KCEX doesn’t have many reviews. On Trustpilot, it has an average rating of 3.2 from just six reviews.

When exploring the volatile crypto world, it’s important to do your research and never invest more than you can afford to lose.

Maybe with some of the things above, you might be able to consider the next steps. The decision is all in your hands whether you want to use it or not, the point is: if you are in doubt about the KCEX exchange, don't force it and back off, be sure to continue, you have control now, we show you what we know.


I took a closer look, it's best to stay away from Kcex.com.
Proof:

Upon closer inspection, it becomes evident that Kcex.com is engaging in deceptive practices and may be involved in fraudulent activities. The site employs tactics commonly associated with financial scams, such as Ponzi schemes and advance fee fraud, with the intention of unlawfully obtaining users' money or personal information.

Source click on: the platform being flagged, in quotes.

[internetional]

I was thinking of depositing a small amount to test how things would go (the zero fees were just too tempting). But after taking a closer look, I changed my mind.

They don’t have an API, yet there’s an insane trade frequency on their futures market, even for unpopular cryptocurrencies. The order book updates everywhere as rapidly as it does on top-tier exchanges only during moments of market shock. It’s hard for me to believe all this activity comes from manual trading by real users.

So at the very least, their trading data is probably fake. As for everything else - I don’t know.

[Potato Chips]

I was thinking of depositing a small amount to test how things would go (the zero fees were just too tempting). But after taking a closer look, I changed my mind.

They don’t have an API, yet there’s an insane trade frequency on their futures market, even for unpopular cryptocurrencies. The order book updates everywhere as rapidly as it does on top-tier exchanges only during moments of market shock. It’s hard for me to believe all this activity comes from manual trading by real users.

So at the very least, their trading data is probably fake. As for everything else - I don’t know.

Yeah, I've no doubt they're inflating a huge amount of volume.

I also took a quick look at their 24 hour volume in spot trading. And $2,188,934,477 for a not well known exchange isn't convincing at all lol. Kucoin has about half of this lol


https://www.coingecko.com/en/exchanges/kcex

IMO, safety outweighs any kind of promotion. I'm glad you changed your mind.

[internetional]

Alright, volume manipulation is a common practice. By itself, it doesn’t necessarily harm users with small deposits.

But there’s another red flag. I joined their Telegram community and was unpleasantly surprised - not a single message about any issues.
I trade on three exchanges - Bybit, OKX, and Delta - and in each of their Telegram groups, the overwhelming majority of messages are about things not working: failed verifications, withdrawal delays, and so on. But here - absolutely nothing like that. Users only share their successful trades.

Either negative comments are being deleted, or the exchange doesn’t have any real users. I don’t believe it’s possible to have actual users and none of them reporting issues in the official community.

[n00b3rt]

Yeah, first page of google didn't mention the recent scamming done by this exchange so I fell for it.

I've written for crypto publications before, exposing scams. I let them know that, but I'm not particularly hopeful about seeing my money again.

$4k down the drain here. Even if they're smart and give me back my money (I definitely have the capacity to end the slow rug quickly), that wasted a lot of time for me. I'm starting work on my expose tomorrow, and while I don't work for the crypto news outlets anymore (in fact I've been away from crypto for years), I have friends who can easily publish it. Most likely coming next week. Hit me up if you have a personal story, especially if you can also provide a saved chat log with their support or some other hard proof.