Crypto Exchange Scam: How to Spot and Avoid Fake Platforms

When you hear crypto exchange scam, a fraudulent platform designed to steal your cryptocurrency by pretending to be a legitimate trading site. Also known as fake crypto exchange, it often lures users with unrealistic bonuses, fake reviews, and locked withdrawals. These aren’t just rare glitches—they’re a growing industry built on trust, urgency, and ignorance.

Most unregulated exchange, a crypto platform operating without legal oversight or security audits. Also known as shady crypto platform, it shows up with flashy ads, promises of free crypto, and zero transparency. You won’t find their team, their office, or their license. Sites like BitxEX and BitStorage show up in search results, but they have no user reviews, no security reports, and no way to contact support. If you can’t verify who runs it, you’re already at risk.

crypto withdrawal issues, when a platform suddenly stops letting users cash out their funds after deposits are made. Also known as frozen assets, this is the most common sign of a scam. You deposit your Bitcoin or Ethereum, complete the sign-up, maybe even claim a $8 bonus—and then the site goes silent. No replies. No refunds. No trace. That’s not a glitch. That’s the plan.

These scams don’t just target beginners. Even experienced traders get caught when they ignore basic checks. A real exchange has public audits, clear terms, and a history of customer support. A fake one hides behind buzzwords like "decentralized" or "AI-powered" while its code is copied from GitHub and its domain was registered yesterday.

Look for three things before you deposit: Can you find independent reviews? Is there a physical address or registered company? Can you withdraw a small amount first? If the answer to any is no, walk away. The crypto space has real opportunities—but they’re not hiding behind a pop-up ad promising free tokens.

The posts below cover real cases: exchanges that vanished, airdrops that were traps, and platforms that looked legit until your funds disappeared. You’ll find reviews of risky sites like DubiEx and BitxEX, warnings about fake sign-up bonuses, and guides on how to spot the invisible red flags. No fluff. No hype. Just what you need to keep your crypto safe.