Crypto Exchange Review: Honest Insights on Safe, Failed, and Scam Platforms

When you hear crypto exchange review, a detailed look at how a platform handles deposits, withdrawals, security, and user experience. Also known as exchange evaluation, it’s not just about fees or trading pairs—it’s about whether your money will still be there tomorrow. Most people think exchanges are like banks: safe, regulated, and reliable. But the truth? Half the ones you find online have no audits, no customer support, and no real track record. Some even vanish overnight after stealing user funds—like Altsbit, a small exchange that collapsed after a 2020 hack wiped out nearly all user balances. Others never had real security to begin with, like DogeSwap, a low-volume DEX with zero community backing and no audits. And then there are the outright scams—platforms like Polyient Games DEX, a fake platform created to trick users into connecting wallets—that don’t even exist.

A good crypto exchange review doesn’t just list features. It asks: Who’s behind this? Is there any public proof they’re not running a shell company? Do they have real trading volume, or are they faking it with bots? Are they registered anywhere? Are they even responding to user complaints? Look at Blockfinex, a platform offering 300+ cryptos but hiding its volume and user reviews. Or Libre, a low-fee exchange that’s fine for small BTC swaps but dangerous for anything bigger. These aren’t edge cases—they’re common. Most new exchanges today are built to attract quick deposits, not to last. The ones that survive? They’re transparent, audited, and have been around long enough to prove they won’t disappear when the market dips.

What you’ll find below isn’t a list of top exchanges. It’s a graveyard of broken promises, a warning label for new users, and a map of the few platforms that still work. You’ll read about exchanges that collapsed after hacks, ones that never had real teams, and others that are just copy-paste scams using fake names. You’ll also see where even the smallest details—like missing audits or zero support—should be red flags. This isn’t theory. These are real cases, with real losses. If you’re thinking of trading on a new exchange, read these first. Your wallet will thank you.