Dangerous Crypto Exchange: Spot Red Flags and Avoid Scams

When you use a dangerous crypto exchange, a platform that lacks transparency, regulation, or security controls. Also known as a fake crypto exchange, it might look legit but is designed to steal your funds or vanish overnight. These aren’t just risky—they’re often traps built to look like real services. You won’t see them coming unless you know what to look for.

Many unregulated exchange, a platform operating without any government oversight or licensing claim to be secure, but they have no audited proof, no customer support, and no history. Look at Amaterasu Finance—it had zero trading activity since August 2025 and a trust score of 2/10. Or VyFinance, with zero reviews and no licenses. These aren’t glitches. They’re warnings. A real exchange doesn’t hide its team, its location, or its compliance status. If you can’t find a clear answer to "Who runs this?" or "Where are they licensed?", walk away.

Another red flag? Zero-fee trading with no limits. Cube Exchange offers no fees and non-custodial security, but it also has no regulation and barely any coins. That’s not a feature—it’s a risk. When a platform cuts corners on compliance to save costs, it’s often because it’s not trying to last. The same goes for platforms pushing fake airdrops like WNT or PEPE TRUMP. They lure you in with free tokens, then lock your funds or turn the token into a honeypot you can’t sell. These aren’t opportunities—they’re exit scams dressed up as giveaways.

And don’t let branding fool you. Some exchanges use fancy logos, celebrity names, or fake news sites to look trustworthy. But if you search for their name + "scam" or "shut down", and you get real results—not just forum chatter—you’re looking at a dangerous crypto exchange. Real platforms don’t need to hide. They’re on CoinMarketCap, they have public audits, and they answer questions from users. If a site feels too good to be true, it is.

What you’ll find below are real reviews of platforms that failed, vanished, or turned out to be scams. We don’t guess. We show you what happened, who got hurt, and how to avoid the same fate. These aren’t hypotheticals. These are the names you need to remember before you deposit a single dollar.