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

When you hear fake crypto exchange, a fraudulent platform that pretends to let you trade digital assets but is designed to steal your money. Also known as sham exchange, it’s one of the most common ways people lose crypto without even realizing they’ve been scammed. These aren’t just sketchy websites—they’re organized operations that copy real platforms, use fake reviews, and even hire actors to pretend they’re customer support. You think you’re trading on Binance or Coinbase, but you’re handing your keys to criminals.

Most crypto scams, deceptive schemes that trick users into sending funds or revealing private keys. Also known as crypto fraud, they thrive on urgency and excitement. A fake exchange will promise low fees, instant withdrawals, or a rare airdrop you can’t miss. But if it sounds too good to be true—like a 10x return on a token no one’s heard of—it probably is. Look at the posts below: Altsbit collapsed after a hack. GalaxyOne’s "Coin Galaxy" was a myth. Polyient Games DEX doesn’t exist. These aren’t glitches—they’re patterns. Scammers reuse the same tricks: fake logos, cloned URLs, and fake Telegram groups full of bots pretending to be users.

unsafe crypto platform, a service with no audits, no transparency, and no accountability for user funds. Also known as non-reputable exchange, it’s the kind of site that vanishes after a few months. You won’t find it on CoinMarketCap. No one talks about it on Reddit. No verified team members. No KYC. And if you ask for help? Silence. That’s not a bug—it’s the plan. The people behind these platforms don’t want you to succeed. They want your seed phrase. They want your BTC. They want your money gone before you even realize you were never trading at all.

Real exchanges have audits. They have customer support that answers in hours, not days. They list real tokens with clear use cases—not meme coins with zero volume. You can check if a platform is legit by looking at its history, its team, and whether anyone outside the scam network has ever used it successfully. The posts here show you exactly what went wrong with Altsbit, Blockfinex, Libre, DogeSwap, and others. You’ll see how a fake airdrop for SWAPP Protocol is just a phishing lure. How a "new" SafeMoon token is a rebrand after fraud. How a token called Videocoin by Drakula copied a real project’s name to trick you.

There’s no magic trick to avoiding fake crypto exchanges. Just common sense. If you didn’t hear about it from a trusted source, don’t deposit. If the website looks like a 2017 design, walk away. If they ask you to connect your wallet before you’ve even signed up—close the tab. The people behind these scams know how to make you feel safe. They count on your hope. Don’t let them win.

Below, you’ll find real case studies of exchanges that failed, tokens that vanished, and airdrops that never happened. Each one teaches you how to spot the next one before it steals your crypto.