Is Pancake Exchange a formal exchange? Is it safe and reliable?

Pancake Exchange is not a formal exchange and has hidden security risks, including lack of supervision, technical flaws, unknown sources of funds, and risk of escape.

The formality and safety of Pancake Exchange

Is it a formal exchange?

No, Pancake Exchange is not a formal exchange.

Safety and Reliability

There are major hidden dangers in the security and reliability of Pancake Exchange:

• lack Supervision: Pancake Exchange is not authorized or supervised by any authoritative regulatory agency, which means that its operations are not subject to any supervision and lack legal protection.
• Technical defects: The trading platform of Pancake Exchange has technical defects, and many asset loss incidents have occurred, resulting in the loss of user funds.
• Unknown source of funds: The source of funds of Pancake Exchange is opaque and cannot guarantee the legitimacy of user assets.
• Risk of escape: Pancake Exchange is an anonymously operated exchange and there is a risk of escape. Once the platform is closed, user assets cannot be recovered.

In summary, Pancake Exchange is not a formal exchange, and there are major security and reliability risks. It is not recommended to trade on this platform.

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