Fake Crypto Exchange: How to Spot Scams and Avoid Losing Your Money

When you hear about a new crypto exchange offering crazy low fees and 10,000+ coins, pause. That’s often how a fake crypto exchange, a platform designed to steal funds under the guise of trading. Also known as a fraudulent crypto platform, it looks real—until you try to withdraw your money and find the site gone, the support email bounces, or your account vanishes. These aren’t just shady websites. They’re carefully built traps with fake reviews, cloned logos, and even fake customer service chats. And they’re getting smarter.

Real exchanges like Coinbase or Swyftx have clear licensing, public audits, and transparent teams. A unregulated crypto exchange, a platform operating without oversight from financial authorities. Often operates from offshore locations with no legal accountability. Look at posts like the ones on VAEX or UPEX—they didn’t just disappear. They never had a license to begin with. Then there’s BIJIEEX, a misspelled version of a known scam, or BEX Mauritius, which claims to be regulated but has zero trading volume and no users. These aren’t glitches. They’re warning signs.

Scammers rely on one thing: your hope. They promise high returns, fast airdrops, or exclusive access. But if there’s no team name, no physical address, no public audit, and no way to contact real people, walk away. Even if the site looks professional, if it doesn’t answer basic questions about where your funds are held or how it’s regulated, it’s not safe. Real platforms don’t hide behind vague terms like "security token platform" or "MENA market leader"—they show proof.

What you’ll find below isn’t just a list of bad exchanges. It’s a collection of real cases where people lost money because they missed the signs. From LATOKEN’s silent delistings to IncrementSwap’s lack of audits, these aren’t hypothetical risks. They happened. And they’re still happening. Learn from them. Don’t let your next trade be your last.