When you hear about a new crypto exchange scam, a fraudulent platform designed to steal your cryptocurrency by pretending to be a legitimate trading site. Also known as fake crypto exchange, it often looks real—clean design, fake testimonials, even fake customer support—but it’s built to vanish with your money the moment you deposit. These aren’t just sketchy websites. They’re organized operations that copy real exchanges like Binance or Coinbase, then lure you in with promises of low fees, high returns, or exclusive airdrops you’ve never heard of.
Look at what’s happened in the last year: TradeOgre got shut down by Canada after being caught running without KYC, Upbit faced $34 billion in fines for ignoring user verification rules, and AnimeSwap turned out to be a total ghost—no team, no code, just a website full of lies. These aren’t isolated cases. They’re proof that non-KYC exchange, a crypto platform that avoids identity checks to hide illegal activity. Also known as anonymous exchange, it’s often the first red flag for a scam. If a site doesn’t ask for basic ID, it’s not being careful—it’s being criminal. And if you’re told to send crypto to a wallet address for an "airdrop" that’s not listed on CoinMarketCap or CoinGecko, you’re being targeted.
Scammers don’t just create fake exchanges. They piggyback on real names—like using "Poloniex" or "Bitsonic" in fake URLs to trick you into thinking you’re on the real thing. They post fake reviews on Reddit, push fake YouTube videos, and even run Telegram groups full of bots pretending to be users. The goal? Get you to connect your wallet. Once you do, they drain it. No warning. No refund. Just silence.
You’ll find posts below that break down exactly how these scams work. You’ll see how CovidToken and HyperGraph airdrops never existed. How TripCandy’s CANDY token isn’t an airdrop at all—it’s a real reward system, and scammers are stealing its name. You’ll learn why TradeOgre’s $40 million seizure was a wake-up call, and why Bitsonic, despite being real, is useless if you don’t speak Korean. These aren’t just stories. They’re warning labels.
There’s no magic tool to catch every scam. But there are simple checks: Does the exchange have a clear team? Is it listed on trusted directories? Are the trading pairs realistic? Is there a live support chat that answers in real time? If any of these are missing, walk away. The crypto world is full of opportunity—but only if you know how to separate the real from the rigged.
LongBit crypto exchange is not real-it's a scam. No legitimate records, audits, or user reviews exist. Learn how to spot fake exchanges and protect your crypto from phishing sites pretending to be real platforms.