RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Exrates

Exrates Exchange Review

Centralized
  • 24h Trading Volume

    28237.402 BTC
  • Establish date

    2017
  • Headquater

    Indonesia

Exrates Exchange Review

  • Fiat Deposit

    USDEURCNY
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    No
  • Margin Trading

    No
  • Download Clients

    • Download client
    • Download client

Exrates Exchange Score Analysis

Exrates, although they do not disclose it anywhere, is apparently an Armenian-based exchange, offering a platform which displays very large amounts of fake volume and the ability to deposit many fiat currencies to trade against – which we suspect you will never see again, if you choose to entrust them with your funds. There is no team behind the exchange, at least not publicly, and the people who do choose to associate themselves with the exchange on LinkedIn look very unprofessional and as if they were paid to put their names under the exchange. The most alarming part about the exchange is the fact that every review or trust site which lists the exchange is flooded with reviews by actual users who had their funds stolen by the exchange or their withdrawals witheld from them. In conclusion, Exrates seems like a very dangerous place to put your money on – and we would not be surprised if it was designed to steal user funds in the first place.