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Author Topic: What can you say about these exchanges? Are there any problems?  (Read 96 times)
infazan (OP)
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November 03, 2025, 03:56:04 AM
 #1


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Over the past few years, many new exchanges have emerged. The list of exchanges is shown in the screenshots above and below (there are also several older exchanges). There are threads on Bitcointalk about some exchanges, but most are not. Meanwhile, Google Play shows that some exchange apps have been downloaded 50000 times, some even 100000 times or more. This means that people are clearly using these exchanges, but there are no reviews online for most of them. So, I thought I'd ask: are any of you registered on any of the exchanges listed below? How do they work in practice when trading? I'm primarily interested in futures trading.

I'm also interested in the following: have you had any issues withdrawing cryptocurrency? Perhaps your account was blocked? Or was there a verification issue? Also, regarding trading, are the volumes on the exchanges real and do they have liquidity walls? Simply tell me which exchange you encountered any issues on.

The list of exchanges is listed alphabetically below.

Aivora
AscendEX
AstralX
Backpack
Batonex
Biconomy
Biking
Bitcastle
Bitmart
BitradeX
Bitrue
Bitunix
BlockFin
BloFin
Btcc
Bydfi
Bvox
Ceex
Cex.io
CoinCatch
CoinEx
CoinUp
Coinlocally
CoinW
Cofinex
Crypto.com
Darkex
Deepcoin
Deribit
DigiFinex
Echobit
EasiCoin
Eeee.com
FameEx
GaiaEx
Gemini
HiBT
Hotcoin
HPX
Ibit
Ju.com
Kcex
Koinbay
Lbank
Levex
NovaEx
OrangeX
Ourbit
Phemex
Pionex
Sunx
Tapbit
Toobit
Top.one
TruBit
Uzx.com
Websea
Whitebit
Weex
Woox
XT
Yex
Yubit
Zedxion
Zedxex
Zoomex

infazan (OP)
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November 03, 2025, 03:56:54 AM
 #2

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November 03, 2025, 05:38:30 PM
 #3

Where did you get this list?
I only see 8 exchanges that I know, but some of these exchanges are fraudulent, like Phemex, which recently had a breach issue last January.

Why big exchanges are not listed there like Binance and OKX?
It is risky to use any of these except to some exchanges that I use before like Coinex and BYDfi.

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November 03, 2025, 06:14:04 PM
 #4

Over the past few years, many new exchanges have emerged. The list of exchanges is shown in the screenshots above and below

There is no point in using these unknown exchanges if there are enough time-tested cryptocurrency exchanges on the market right now. You should not subject your deposit to such tests, as a result of which you may lose it.

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infazan (OP)
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November 04, 2025, 04:37:22 AM
 #5

Where did you get this list?
I only see 8 exchanges that I know, but some of these exchanges are fraudulent, like Phemex, which recently had a breach issue last January.

Why big exchanges are not listed there like Binance and OKX?
It is risky to use any of these except to some exchanges that I use before like Coinex and BYDfi.

This list of exchanges is taken from the coinmarketcap website in the exchanges section. Link - https://coinmarketcap.com/rankings/exchanges/

What's the point of adding Binance or OKX to the list if these are already well-known exchanges for a long time? That is why I did not add well-known exchanges, but listed those exchanges that were not discussed on this forum
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November 04, 2025, 06:37:06 AM
 #6

This list of exchanges is taken from the coinmarketcap website in the exchanges section. Link - https://coinmarketcap.com/rankings/exchanges/

I doubt anybody on this forum has ever heard of Koinbay, yet they somehow have over $11 billion in trading volume in the past 24 hours. Maybe they offer really high leverage or just have a lot of wash trading, but I wouldn’t consider them trustworthy based on their reported volume alone. They have a 4 star rating on Trustpilot, but almost all of their reviews appear to be fake, including those from verified profiles.

It is best to avoid anything that is unknown and isn’t well vetted by the community. If they get hacked, their anonymous owners will disappear and you will never see those funds again.

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November 04, 2025, 01:47:25 PM
 #7

So, I thought I'd ask: are any of you registered on any of the exchanges listed below? How do they work in practice when trading? I'm primarily interested in futures trading.
Nope. I do not have an account on any of the exchanges you listed. Most of them are pretty much unknown exchanges, so you'd struggle to find too many people who have accounts in them.
I'm also interested in the following: have you had any issues withdrawing cryptocurrency? Perhaps your account was blocked? Or was there a verification issue? Also, regarding trading, are the volumes on the exchanges real and do they have liquidity walls? Simply tell me which exchange you encountered any issues on.
Mind you that even if there are users who have used some of these exchanges without any issues, it does not mean they are safe and your own experience could be different. Any exchange can block account or withdrawals, or ask for stringent KYC verification, etc, but the reason why it is better to trade in well-known exchanges is because too many unknown exchanges are flat out scam, and the moment you deposit a big amount in their platform, they'll steal it.

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November 04, 2025, 02:32:56 PM
 #8

Meanwhile, Google Play shows that some exchange apps have been downloaded 50000 times, some even 100000 times or more. This means that people are clearly using these exchanges, but there are no reviews online for most of them. So, I thought I'd ask: are any of you registered on any of the exchanges listed below? How do they work in practice when trading? I'm primarily interested in futures trading.

The number of downloads doesn't necessarily mean people are using that exchanges, it could be they randomly downloaded, or it's done by the team itself with bot accounts to increase the download counts.

Out of all these I can recognize only two, there might be more but with the long list I kind of lost in the middle.

My suggestion, stick with the most popular ones such as Binance, Coinbase so that you may not have issues.

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November 04, 2025, 04:59:41 PM
 #9

Regarding your exchange list not fully popular and just know right now about that exchange, but I have used several exchange list by OP from Bitmart, Crypto.com, Darkex, DigiFinex and Lbank exchange. All that exchange are trusted without get problem when withdrawing, deposit or trading coins there. For DigiFinex is my favorite exchange for selling coins when landing from bounties campaign, there are always support listing coins from bounties campaign and withdrawal fund there without have any problem.
I don't brave recommended any not popular exchange scare will get difficult when withdrawing fund later, have any exchange like XT always listing new coins early than other exchange and can't guarantee is the same coins will list at other market. Right now many exchange manipulated when listing new coins by using the same symbol and name but the contract address coins is difference, usually happening with meme coins.

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November 04, 2025, 08:22:04 PM
 #10

Regarding your exchange list not fully popular and just know right now about that exchange, but I have used several exchange list by OP from Bitmart, Crypto.com, Darkex, DigiFinex and Lbank exchange. All that exchange are trusted without get problem when withdrawing, deposit or trading coins there. For DigiFinex is my favorite exchange for selling coins when landing from bounties campaign, there are always support listing coins from bounties campaign and withdrawal fund there without have any problem.
I don't brave recommended any not popular exchange scare will get difficult when withdrawing fund later, have any exchange like XT always listing new coins early than other exchange and can't guarantee is the same coins will list at other market. Right now many exchange manipulated when listing new coins by using the same symbol and name but the contract address coins is difference, usually happening with meme coins.

I've been here for so many years in crypto, and yet, I only used few of these exchanges. But mostly binance, kucoin, and one of my local exchange. But the list provided by the OP, that's a long list already. If you don't know the reputation of the exchange, don't use it as your trading platform. You can also check the market volume/liquidity in coinmarketcap . At least have an idea how the exchange itself is doing in terms of trading activities.

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November 04, 2025, 08:58:23 PM
 #11

This means that people are clearly using these exchanges, but there are no reviews online for most of them.
Do you still trust reviews which you see online? I don’t really trust them, because it’s not difficult to make reviews, you can just start up a campaign, you going to pay people to make a positive review about a app online, so anyone that check review will think those apps are real, but they are fake apps, until you download and start making use of it before you know they are fake.

So, I thought I'd ask: are any of you registered on any of the exchanges listed below? How do they work in practice when trading? I'm primarily interested in futures trading.
If you are interested in trading, and future trading, don’t you see reputable exchanges which you can make use of, why do you want to choose from the exchanges which you listed above? Does it even make any sense, I don’t know most of the exchanges which you listed, and even the ones which I know are not really trustworthy, so I will recommend you stay away from them. If you want to trade either future trading or spot trading, then you should make use of reputable exchange, and stop trying to take unnecessary risk.

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