Fake Crypto Exchange: How to Spot Scams and Avoid Losses

When you hear about a new fake crypto exchange, a platform that pretends to let you trade crypto but is designed to steal your money, it’s not just a warning—it’s a trap waiting to happen. These platforms look real: clean websites, fake testimonials, even fake customer support. But behind the surface, there’s no liquidity, no real trading, and no way to withdraw your funds. They rely on hype, fake airdrops, and promises of quick riches to lure you in. The rug pull, when developers abandon a project and vanish with investors’ money is the endgame, and it happens more often than you think.

Look at what’s happened before. ComethSwap had high fees and almost no users—yet people still tried to trade there. Anyswap rebranded to Multichain after security breaches and lost trust. Bald (BALD) surged 4 million% in a day, then vanished overnight. These aren’t outliers—they’re patterns. A fraudulent airdrop, a fake free token offer used to collect wallet addresses for phishing or future scams is often the first step. You’re asked to connect your wallet, sign a transaction, or pay a "gas fee" to claim your tokens. That’s how they get in. Once you do, your funds are gone. Real exchanges like Coinext in Brazil or Tether’s EURt don’t ask for your private keys. They don’t promise miracles. They follow rules, have audits, and let you verify their operations.

And it’s not just exchanges. Projects like MMS, ART Campaign, and AMATERAS have zero trading volume, no team, and no whitepaper—yet people still search for them, hoping for a lucky break. The crypto exchange review, a detailed look at a platform’s fees, security, liquidity, and user feedback isn’t just advice—it’s your first line of defense. If no one’s talking about it on trusted forums, if there’s no history of updates, if the website looks like it was built in 2017, walk away. You don’t need to be a tech expert to spot this. Just ask: Is this too good to be true? If the answer is yes, it is. Below, you’ll find real cases of failed exchanges, fake airdrops, and outright scams. No fluff. No hype. Just what happened, why it happened, and how to make sure it doesn’t happen to you.