A list of blacklists of global digital currency trading apps

The following are some digital currency trading platforms that have been exposed or have high risks: 1. Monster Market Coin Exchange, due to the disappearance of the "coin listing effect" and the transparency is doubtful; 2. Ruicoin, operated by BTC King Technology, has many online disputes; 3. An Internet, Asian market compliance is questionable, and withdrawal is difficult; 4. Wechat currency theft incident occurs, and the security is questioned; 5. UBIEX, the user volume and transaction volume decline, which is deeply related to Li Xiaolai; 6. Without boundaries, there is dispute over slippage and forced closing of positions; 7. Fat bit, liquidity declines, and withdrawal delays.

Here are some digital currency trading platforms that have been exposed or have high risks:

High-risk/controversial trading app

1. Monster Market Coin Exchange

   • It was once mentioned that there was a "coin-listing effect" hype, but in recent years, the effect disappeared due to expansion, and the market is doubtful about its transparency.

2. SharpCoin

   • Operated by BTC King Technology, although it claims to have received multiple capital investments, there is a lot of controversial information on the Internet and you need to be cautious.

3. Anwang

   • Although it claims to have obtained a license in many states in the United States, compliance in the Asian market is questionable, and some users have reported that it is difficult to withdraw cash.

4. WeCoin

   • There have been coin theft incidents in the past, and tens of thousands of ETH were stolen, and their security was questioned.

5. UBIEX (Youbi.com)

   • The old exchange, but the user volume and trading volume have dropped sharply in recent years, which is closely related to Li Xiaolai, and some investors have low trust in it.

6. Boundless

   • It focuses on perpetual contract trading, but some users have reported that there are disputes over slippage and forced closing of positions.

7. FatBTC

   • It was established earlier, but liquidity has declined in recent years, and some users have reported delays in withdrawing coins.

How to identify high-risk trading apps?

• Lack of regulation: No license obtained from well-known financial regulatory agencies (such as FCA, SEC, MAS).

• User complaints: There are a lot of complaints on social media and forums that have difficulty in withdrawing cash and unresponsive customer service.

• Extremely high-yield commitments: Projects that claim to be "stable profits but no loss" or "extremely high returns" are usually suspected of fraud.

• Low transparency: Team anonymous, no clear office address or compliance information.

Safe transaction advice

• Choose mainstream exchanges: such as Binance, OKX, Coinbase, etc., with strong supervision and good reputation.

• Small amount testing: The new platform first conducts small amount charging and withdrawal tests to confirm the arrival speed and security.

• Enable 2FA: Enhance account security with Google Verification or Hardware Storage.

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