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

When you hear fake crypto exchange, a platform that pretends to let you trade cryptocurrency but is designed to steal your funds. Also known as phishing exchange, it looks just like the real thing—same logo, same URL, same testimonials—but behind the scenes, it’s a trap. These aren’t just sketchy websites. They’re organized scams that target beginners and even experienced traders who let their guard down.

Real exchanges like Binance or Coinbase have audits, public team members, and regulated licenses. Fake crypto exchange, a platform that pretends to let you trade cryptocurrency but is designed to steal your funds. Also known as phishing exchange, it looks just like the real thing—same logo, same URL, same testimonials—but behind the scenes, it’s a trap. These aren’t just sketchy websites. They’re organized scams that target beginners and even experienced traders who let their guard down.

Real exchanges like Binance or Coinbase have audits, public team members, and regulated licenses. JPEX, a Hong Kong-based platform exposed in 2023 for operating without a license and freezing user funds, is a textbook example. So is Qmall Exchange, a platform claiming zero fees and EU regulation, but later found to have no trading volume and no real license. Both had flashy ads, fake testimonials, and promises of easy profits. The moment you deposited, you couldn’t withdraw. And when you asked why, the support vanished.

How do you avoid them? First, check if the exchange is listed on official regulator sites like the FCA, SEC, or ASIC. If it’s not, walk away. Second, look for real trading volume. Fake exchanges show fake numbers. Third, check the team. If you can’t find names, LinkedIn profiles, or past projects, it’s a red flag. Fourth, never trust a platform that pushes you to deposit fast with "limited-time" bonuses. Real exchanges don’t need to rush you.

Scammers also clone websites. One fake exchange might use a URL like "binance-exchange[.]com" instead of "binance.com". Always double-check the domain. Bookmark your real exchanges. Use two-factor authentication everywhere. And if something feels off—trust your gut. The biggest mistake people make is thinking "it can’t happen to me." It happens every day. In 2024 alone, over $3 billion was lost to fake exchanges and phishing sites.

You’ll find detailed reviews here of platforms like JPEX, Qmall, and Jiamix—all exposed as risky or outright fraudulent. We break down what they claimed, what they hid, and how to spot the same tricks in new platforms. No fluff. No hype. Just the facts you need to stay safe.

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