NeoMoney (OP)
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January 29, 2025, 10:28:25 PM Last edit: February 22, 2025, 02:01:39 PM by NeoMoney |
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Understandably, it is one of the latest exchange who do not lock funds for having a high fraud score eg (tainted funds) I began to question myself if it's safe or not. has anyone had issues before while sending the exchanged funds (from exch.cx) to Centralized exchanges? Please share your experiences below, i look forward to reading them. ----- Edit update: 2/22/2025 "Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip. 5K ETH transfer on Feb 22, 2025 6:28:23 AM 0xbf80907830e46317da2c1708a13a9f016e242f8a6db6e6b0706ea5f2328cb001 ( https://etherscan.io/tx/0xbf80907830e46317da2c1708a13a9f016e242f8a6db6e6b0706ea5f2328cb001) Bitcoin destination address via Chainflip bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq ( https://blockchair.com/bitcoin/address/bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq)" - Zachxbt Does this mean one way or another the same stolen 5k ETH will be given to other users?
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TryNinja
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January 29, 2025, 10:31:27 PM |
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I have used exch.cx to send coins to Binance and Bitget a couple times, never had any issues. The Binance deposit was credited right after a few blockchain confirmations and immediately sold (and cashed out) for fiat.
I'm not a heavy user though, so can't definitely say if that's always the case for everyone. Also, I don't like the idea of "clean" coins, but I guess mine are ""clean enough"" (i.e I usually don't play on casinos).
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alani123
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January 29, 2025, 10:31:59 PM |
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It's one of the most reputable sites for instant trades but also best in mind that if it's about convenience it doesn't give many options.
I haven't seen any widespread real complaints against the service here to be honest. But also bear in mind that it's a centrslized service and could end up bad at any moment.
It your goal is to disguise the origin of funds there are decentralized alternatives you might want to consider too, or just plain old Monero.
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Charles-Tim
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Leading Crypto Sports Betting & Casino Platform
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January 29, 2025, 10:45:22 PM |
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It your goal is to disguise the origin of funds there are decentralized alternatives you might want to consider too, or just plain old Monero.
It is worth knowing that exch.cx is a centralized exchange and not decentralized. In fact, all instant exchanges that I know are designed in a way they can only be centralized. But one thing about exch is that you can still use Tor with it in a way you can have privacy. I remember I reviewed the exchange and it was good when I tested it.
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Stalker22
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January 29, 2025, 10:48:22 PM |
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~ has anyone had issues before while sending the exchanged funds (from exch.cx) to Centralized exchanges?
Yes. I believe it is safe to send funds from exch to other centralized exchange. I have done it myself a few times, and I have never had any problems. But, centralized exchanges can lock your funds at any time and for whatever reason. They may request proof of source of funds or other documentation from you if it is a larger amount or if they consider the transaction suspicious. Personally, I dont think exch is on their radar yet. The question is how long it will be like that.
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NeoMoney (OP)
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January 29, 2025, 10:56:37 PM |
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Personally, I dont think exch is on their radar yet. The question is how long it will be like that.
Binance and other major centralized exchanges has been partnering with major chain analysis companies to detect and freeze stolen funds for years now, the way they detect suspicious funds has evolved a lot and is more automated, so it really is on their radar 24/7.
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hosemary
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January 29, 2025, 11:04:10 PM |
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It's probably worth mentioning that the exchange you are referring to has a ANN thread in this forum. eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20. According to the post made by eXch representative on their ANN thread, there are two exchanges that are blocking deposits come from eXch. One is Bybit and the other one is WhiteBIT. I don't know if there are more centralized exchanges doing the same thing. You may get more accurate responces if you ask your questions on their own thread. I also recommend you to read What is aggregation? on their FAQ. They have mentioned some of exchanges that are accepting deposits come from eXch there.
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NeoMoney (OP)
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January 29, 2025, 11:19:43 PM |
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You can find an up-to-date list of (relevant) exchanges that accept coins originating from eXch without any issues here (Aggregated pool + ETH & ERC20 tokens): https://exch.cx/faq#aggregationThank you for answering here, i would highly appreciate it if you could also add blacklisted exchanges into that Faq.
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BitMaxz
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Don't get greedy...
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January 29, 2025, 11:38:37 PM |
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I've had experience using this exchange several times without any issue from my wallet to this exchange and then directly sent to Binance, Bitget, and OKX. I don't know if your tainted funds will freeze or put your account on hold, but they don't mention anything about tainted funds or money laundering, so I don't know how safe it is to use if you are going to send some tainted funds into this exchange.
According to their terms, they don't have a rejection criteria, and they don't log any IP and data from your browser, so anyone can use their service.
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hosemary
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January 29, 2025, 11:42:40 PM |
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I don't know if your tainted funds will freeze or put your account on hold, but they don't mention anything about tainted funds or money laundering, so I don't know how safe it is to use if you are going to send some tainted funds into this exchange.
I think you misunderstood OP. OP doesn't worry about eXch freezing the fund. OP worries about other exchanges freezing the fund if it comes from eXch.
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BitMaxz
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January 29, 2025, 11:52:47 PM |
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I think you misunderstood OP. OP doesn't worry about the fund being blocked by eXch. OP worries about other exchanges blocking the fund if it comes from eXch.
Yeah, like I said, I don't experience any issues receiving it from any exchanges that I mentioned above that came from eXch. However, it seems eXch mentioned above that some exchange refuses to accept coins from eXch, but the exchanges that I mentioned are not on their list. I am not 100% sure if it will work in other countries, but I don't experience any issues receiving them at the 3 exchanges that I mentioned above.
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| . betpanda.io | │ |
ANONYMOUS & INSTANT .......ONLINE CASINO....... | │ | ▄███████████████████████▄ █████████████████████████ █████████████████████████ ████████▀▀▀▀▀▀███████████ ████▀▀▀█░▀▀░░░░░░▄███████ ████░▄▄█▄▄▀█▄░░░█▄░▄█████ ████▀██▀░▄█▀░░░█▀░░██████ ██████░░▄▀░░░░▐░░░▐█▄████ ██████▄▄█░▀▀░░░█▄▄▄██████ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ | ▄███████████████████████▄ █████████████████████████ ██████████▀░░░▀██████████ █████████░░░░░░░█████████ ████████░░░░░░░░░████████ ████████░░░░░░░░░████████ █████████▄░░░░░▄█████████ ███████▀▀▀█▄▄▄█▀▀▀███████ ██████░░░░▄░▄░▄░░░░██████ ██████░░░░█▀█▀█░░░░██████ ██████░░░░░░░░░░░░░██████ █████████████████████████ ▀███████████████████████▀ | ▄███████████████████████▄ █████████████████████████ ██████████▀▀▀▀▀▀█████████ ███████▀▀░░░░░░░░░███████ ██████▀░░░░░░░░░░░░▀█████ ██████░░░░░░░░░░░░░░▀████ ██████▄░░░░░░▄▄░░░░░░████ ████▀▀▀▀▀░░░█░░█░░░░░████ ████░▀░▀░░░░░▀▀░░░░░█████ ████░▀░▀▄░░░░░░▄▄▄▄██████ █████░▀░█████████████████ █████████████████████████ ▀███████████████████████▀ | .
SLOT GAMES ....SPORTS.... LIVE CASINO | │ | ▄░░▄█▄░░▄ ▀█▀░▄▀▄░▀█▀ ▄▄▄▄▄▄▄▄▄▄▄ █████████████ █░░░░░░░░░░░█ █████████████ ▄▀▄██▀▄▄▄▄▄███▄▀▄ ▄▀▄██▄███▄█▄██▄▀▄ ▄▀▄█▐▐▌███▐▐▌█▄▀▄ ▄▀▄██▀█████▀██▄▀▄ ▄▀▄█████▀▄████▄▀▄ ▀▄▀▄▀█████▀▄▀▄▀ ▀▀▀▄█▀█▄▀▄▀▀ | Regional Sponsor of the Argentina National Team |
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examplens
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Daily Cashbacks 🐳
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January 30, 2025, 12:22:59 AM |
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You can find an up-to-date list of (relevant) exchanges that accept coins originating from eXch without any issues here (Aggregated pool + ETH & ERC20 tokens): https://exch.cx/faq#aggregationThank you for answering here, i would highly appreciate it if you could also add blacklisted exchanges into that Faq. This would be somewhat controversial. If they had blcklisted exchanges in their TOS, then eXch itself would accept this kind of behaviour that it fights against. It is quite enough that they informed their users about a potential problem and did not ignore it for the sake of making more profit. I suggest you read their full statement: https://bitcointalk.org/index.php?topic=577207.msg64955227#msg64955227In the coming period, we expect that a model will be found to overcome this problem.
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Darker45
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January 30, 2025, 02:55:50 AM |
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You can find an up-to-date list of (relevant) exchanges that accept coins originating from eXch without any issues here (Aggregated pool + ETH & ERC20 tokens): https://exch.cx/faq#aggregationThank you for answering here, i would highly appreciate it if you could also add blacklisted exchanges into that Faq. A list of blacklisted exchanges doesn't seem nice. Perhaps a list of exchanges that have no issues dealing with exch.cx funds is a much better alternative. Fortunately, they have that kind of list. At this point, the list includes Binance, Coinbase, Gate.io, HTX, Kraken, MEXC, Gemini, OKX, Kucoin, and Poloniex. That's probably a pretty long list from which you could choose one. But you need to check exch's Q&A every now and then to make sure your chosen exchange is still there. Their list is reviewed daily. Changes could happen anytime. Bybit used to be on that list. It's gone now. Your funds may suddenly face risks, so you need to keep yourself abreast of latest updates.
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Helena Yu
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January 30, 2025, 07:53:57 AM |
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I don't understand what's the point of using no KYC exchange when you actually want to send it to KYC exchange in the end?  If you want to use no KYC exchange, you should use another no KYC exchange to sell your coins for fiat e.g. bisq, robosats etc you can find on kycnot.me AFAIK exch is safe in terms of reputation aka not scam, but if you live in EU, I don't think it will be safe because the MiCA regulation is really strict.
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NeoMoney (OP)
Newbie
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Activity: 9
Merit: 2
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January 30, 2025, 11:20:18 AM |
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I don't understand what's the point of using no KYC exchange when you actually want to send it to KYC exchange in the end?  If you want to use no KYC exchange, you should use another no KYC exchange to sell your coins for fiat e.g. bisq, robosats etc you can find on kycnot.me AFAIK exch is safe in terms of reputation aka not scam, but if you live in EU, I don't think it will be safe because the MiCA regulation is really strict. As you know majority of exchanges have delisted XMR (beside kucoin and few others), so nowadays it became much harder to obtain XMR or exchange it to other cryptos and i suppose that many people are trying to rely on exchanges like exch for that.
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hugeblack
Legendary
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Activity: 2912
Merit: 4224
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January 30, 2025, 01:03:52 PM |
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The good thing about exch is that they have an active team here so before depositing, visit ANN to make sure there are no issues. Personally, I have not had any issues with them but it is better to use your wallet before sending to any KYCed CEX.
exch ---> your_wallet ---> crypto exchange
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NeoMoney (OP)
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Activity: 9
Merit: 2
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January 30, 2025, 02:06:32 PM |
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The good thing about exch is that they have an active team here so before depositing, visit ANN to make sure there are no issues. Personally, I have not had any issues with them but it is better to use your wallet before sending to any KYCed CEX.
exch ---> your_wallet ---> crypto exchange
I agree sending it to a wallet in which i previously used to send legitimate funds to multiple CEXs could help, but i do believe that is not a long term solution because overtime that reputable wallet fraud score could increase.
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Potato Chips
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Merit: 1036
PM @LT_Mouse on Telegram for Forum Marketing Needs
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January 30, 2025, 10:25:36 PM |
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I can also personally vouch I had no problems depositing cryptos from Exch to CExes I used like binance and my local exchange.
I would always send the exchanged cryptos to my personal wallet though-- it's not just exch, I don't think I would do it with any exchange unless I've left with no choice and the thing is pretty important lol. Just not fond of direct transfers to CEX, is all.
Experience with exch has always been good. I can't recommend them enough.
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examplens
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Activity: 3682
Merit: 3932
Daily Cashbacks 🐳
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January 30, 2025, 10:36:41 PM |
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I agree sending it to a wallet in which i previously used to send legitimate funds to multiple CEXs could help, but i do believe that is not a long term solution because overtime that reputable wallet fraud score could increase.
eXch always uses the same wallet and addresses, so it is quite easy to know that coins have passed through their service and mark them as tainted. If there are no changes on the part of the mentioned exchanges, eXch (at least that's what they announced) will start using more different wallets, which will significantly complicate the marking of "their" coins.
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