When you hear crypto exchange warning, a red flag raised by traders who lost funds to fake or abandoned platforms. Also known as unsafe crypto platform, it’s not just about shady teams—it’s about platforms that vanish after collecting your deposits, fake airdrops that steal your wallet info, or DEXs with zero liquidity that can’t even process a trade. These aren’t hypothetical risks. In 2025, exchanges like CoinBene, a platform with ultra-low fees but no transparent team or reliable support, and Gravity Finance, a decentralized exchange with almost no trading volume and no updates since 2023 are dead or dangerous. You won’t find them on Reddit anymore—but their websites still load, pretending to be active.
What makes a crypto exchange warning real? It’s not just bad reviews. It’s when a platform has no public team, no audit history, and no way to contact support. Look at Serum Swap, a once-promising Solana-based DEX that collapsed because its liquidity drained and its SRM token lost all value. Or OpenSwap, a platform that doesn’t exist but still tricks users into connecting wallets. These aren’t glitches—they’re patterns. Scammers reuse the same tactics: fake social media accounts, inflated trading numbers, and airdrops that require you to send crypto first. Even legitimate-looking sites like Liquidus (old), a token that was abandoned after a relaunch, leaving users with worthless LIQ tokens show how quickly projects can disappear.
You don’t need to be a crypto expert to avoid these traps. Just ask: Is this platform actually used by real people? Are the team members named and verifiable? Is there any recent trading activity? If the answer is no, walk away. The posts below show exactly what happened to people who didn’t. From fake NFT airdrops tied to MEXC to crypto exchanges that banned Russian users overnight, these are real stories—not warnings. They’re lessons written in lost funds. Read them before you click "Connect Wallet" on the next shiny new exchange.
Coinbuy.cash is not a legitimate crypto exchange. No reputable review site lists it, it has no security features, no user reviews, and shows all signs of a scam. Avoid it at all costs.
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