Review of the Exchange.currency Cryptocurrency Exchange: A Critical Analysis
With each passing day, the turbulent cryptocurrency market attracts more participants. New cryptocurrency exchanges strive to attract clients with innovative offerings, but many of them conceal fraudulent activities. Today’s review is dedicated to the fake cryptocurrency exchange Exchange.currency, which has received negative feedback since the start of its operations.
Interesting Facts about Exchange.currency
Fraudsters from Exchange.currency presented their platform as a “bridge” between the financial market and cryptocurrencies. Launched in Belarus in 2019, the exchange faced technical issues and fraudulent asset tokenization schemes. The project is led by dishonest founders, with one of the most notorious being the scammer Viktor Prokopenya.
An important drawback of Exchange.currency is the lack of licenses, although the company attempts to hide this by presenting its registration in the Belarus High-Technologies Park as a license. Critics do not recommend registering on the exchange due to its unreliability and hidden motives.
Regulation and Security of Exchange.currency
Technical issues, insufficient regulation, and lack of support are the main reasons why traders do not recommend collaborating with Exchange.currency. The company avoids responsibility for clients’ financial losses through the terms of the user agreement.
Conclusions and Warnings
After analyzing the operation and terms of collaboration with the cryptocurrency exchange Exchange.currency, it is reasonable to conclude: avoid this platform. Fraudsters conceal their intentions under the guise of a legitimate project, but the risk of losing money here is very high. Be vigilant and stay away from such schemes!
The broker, Exchange.currency, based in Belarus, has reportedly been involved in scam incidents, as per various user feedback and reviews.