Crypto Exchange Scam: How to Spot and Avoid Fake Platforms

When you hear crypto exchange scam, a fraudulent platform designed to steal your funds by pretending to be a legitimate trading site. Also known as fake crypto exchange, it often looks real—clean design, fake reviews, even fake customer support—but it’s built to disappear with your money. These aren’t just shady side projects anymore. They’re organized operations targeting people who don’t know what to look for.

Most unregulated exchange, a platform operating without oversight from financial authorities. Also known as non-KYC exchange, it’s not illegal everywhere—but it’s always risky. Platforms like LocalTrade and PayCash Swap show up with flashy ads and promises of low fees. But they have no history, no security details, and no way to recover your funds if things go wrong. Then there are the ones that shut down like EQONEX, leaving users with nothing but empty wallets and broken promises. These aren’t glitches—they’re planned exits.

How do you avoid them? Start by checking if the exchange is listed on trusted directories. Look for real user reviews—not the 5-star ones posted the day the site launched. See if they have clear contact info, real team members, and public audits. If they’re pushing a new token with crazy returns, that’s a red flag. Most exchange shutdown, the sudden closure of a crypto platform, often after stealing deposits. Also known as exit scam, it happens fast and leaves no trail. The ones that survive are the ones regulated, transparent, and slow to grow. You don’t need to chase the newest platform. Stick with ones that have been around for years, have real customer service, and don’t promise the moon.

What you’ll find below are real cases—Deutsche Mark, Bitstar, UniWorld, and others—that were sold as investments but turned out to be ghosts. Some were outright scams. Others were just dead projects with fake prices. Every post here is a warning sign you can learn from. No fluff. No hype. Just the facts so you don’t become the next victim.