THDax Crypto Exchange Review: Is It a Scam or Legit in 2025?
Crypto Exchange Safety Checker
Is THDax Safe to Use?
This tool compares THDax with legitimate exchanges based on critical security and transparency criteria.
Compare THDax Against Trusted Exchanges
| THDax | NDAX | Kraken | Binance | Bybit | |
|---|---|---|---|---|---|
| Regulatory Approval | â ď¸ None | â CIRO (Canada) | â US Regulated | â Global Compliance | â Strong Track Record |
| Security Features | â ď¸ No cold storage | â $5M insurance | â Advanced security | â Multi-sig wallets | â Strong security |
| Transparency | â ď¸ Deleted "About Us" | â Public team | â Regular audits | â Monthly audits | â Clear reporting |
| User Support | â ď¸ No response | â Hours response | â 24/7 support | â Global support | â Reliable support |
| Withdrawal Processing | â ď¸ Blocked/Impossible | â Instant processing | â Fast withdrawals | â Fast withdrawals | â Reliable processing |
| Trading Volume | â ď¸ Untracked | â Verified volume | â High liquidity | â Global volume | â High liquidity |
How to Verify Exchange Legitimacy
Check for these key indicators of a legitimate crypto exchange:
- Regulatory License: Legitimate exchanges have licenses from recognized financial authorities
- Transparency: Public team information, regular audits, and verified trading volumes
- Security: Cold storage for funds, multi-sig wallets, and insurance coverage
- Withdrawal Processing: No artificial delays or blocks on withdrawals
- User Support: Responsive customer service with real response times
If you're thinking about using THDax to trade cryptocurrencies, stop. Right now. This isn't a recommendation. This is a warning.
THDax looks like a real crypto exchange. It has a website. It has mobile apps for iOS and Android. It claims to use AI to speed up trades and handle two million transactions per second. Sounds impressive, right? But appearances are deceiving. Behind the polished interface is a platform that experts, users, and industry watchdogs have labeled a scam. And if you deposit money there, you won't get it back.
What THDax Claims vs. What It Actually Does
THDax says it's a centralized crypto exchange launched in January 2020, based in Kuala Lumpur, Malaysia. It markets itself as a fast, AI-powered trading platform. But when you dig deeper, none of those claims hold up.
First, there's no proof of that AI. No technical documentation. No whitepaper. No engineers named. Just buzzwords. Then there's the claim of two million transactions per second. That's more than Binance or Coinbase can handle. No independent source has ever verified it. And CoinMarketCap, the industry's go-to data source, lists THDax as Untracked. That means no trading volume, no liquidity, no real activity. If no one's trading on it, how can it be a real exchange?
Even worse, the 'About Us' page disappeared from their website. Legitimate exchanges don't delete information about their team, history, or legal structure. They make it easy to find. THDax made it impossible. That's a classic red flag - the kind you see right before a platform vanishes with users' money.
Why Experts Call THDax a Major Scam
Revain.org, a trusted crypto review platform, published a detailed warning in May 2021 calling THDax a major scam exchange in which you can lose your funds. They found zero positive aspects. No security features. No customer support logs. No verifiable trading history. Just empty promises.
The review pointed out something even more alarming: reports that the founders had run off with traders' funds. That's not speculation - it's a pattern. Exit scams like this are common in unregulated crypto spaces. A platform looks legitimate for months, lures in deposits, then shuts down overnight. No warnings. No refunds. Just silence.
Since that review, nothing has changed. No regulatory filings. No audits. No new team members. No transparency. CoinMarketCap still shows THDax as untracked. No one is trading there. The platform is a ghost.
How THDax Compares to Real Exchanges
Compare THDax to NDAX, a regulated Canadian exchange. NDAX is licensed by CIRO, the Canadian investment regulator. It holds $5 million in cold wallet insurance. It publishes monthly reserve audits. Its fees are clear. Its team is public. Its support responds within hours.
THDax has none of that. No license. No insurance. No audits. No team names. No contact info that works. The only thing it has in common with real exchanges is the logo and the trading interface - both of which can be copied in a weekend by anyone with basic web skills.
Legitimate exchanges compete on security, speed, and customer trust. THDax competes on deception. It uses flashy design to hide the fact that it's not doing anything real.
Security Risks: No Cold Storage, No Protection
When you deposit crypto on a real exchange, your coins are stored in cold wallets - offline, encrypted, and protected by multi-signature keys. Reputable exchanges also carry insurance in case of hacks.
THDax says nothing about how they store funds. No mention of cold storage. No insurance policy. No multi-sig setup. That means if their servers get hacked - and they likely aren't even properly secured - your Bitcoin, Ethereum, or Solana could vanish instantly. And you'd have no recourse.
Malaysia, where THDax claims to be based, doesn't have strong crypto regulations. Thatâs not a problem by itself - many good exchanges operate in less-regulated countries. But when combined with zero transparency, no audits, and a deleted 'About Us' page, it becomes a recipe for disaster.
User Feedback: Zero Positive Reviews
Search for THDax on Reddit, Twitter, or crypto forums. You won't find anyone saying, 'I made money with THDax.' You'll find warnings. You'll find people asking, 'Is this still active?' You'll find comments like, 'Don't even open an account.'
There are no success stories. No testimonials from real traders. No verified user reviews on Trustpilot or SiteJabber. That's not normal. Even new, small exchanges get some real feedback. THDax has none. Thatâs because there are no real users - only people who deposited and lost everything.
Is THDax Still Operating?
As of October 2025, the THDax website still loads. The interface still works. But that doesn't mean it's safe. Scam exchanges often keep their sites up for years after the founders disappear - just to confuse people into thinking they're still real.
If you try to withdraw funds now, you'll likely get stuck. No response from support. No processing time. Just a spinning wheel or an error message. That's the endgame of an exit scam: make deposits easy, withdrawals impossible.
There's no evidence THDax has ever processed a real withdrawal. No blockchain records show coins moving out to verified wallets. Only deposits - and lots of them.
What to Do Instead
If you want to trade crypto safely, use platforms that are regulated, audited, and transparent. Here are a few trusted alternatives:
- NDAX - Canadian-regulated, $5M insurance, public team
- Kraken - U.S.-based, strong security, transparent fees
- Binance - Global leader, high liquidity, clear audit reports
- Bybit - Reliable derivatives and spot trading, strong track record
All of these exchanges have public team members, regulatory licenses, and verifiable trading volumes. You can check their reserves. You can contact support. You can trust them with your money.
THDax has none of that. And trusting it is like handing your wallet to a stranger on the street and saying, 'Keep it safe for me.'
Final Verdict: Avoid THDax at All Costs
THDax is not a crypto exchange. It's a trap. It's designed to look real so you'll deposit your funds. Then it disappears. There's no recovery. No legal recourse. No refund.
If you've already deposited money on THDax, you're likely out of luck. But if you're thinking about it - don't. Walk away. Delete the app. Block the website. Your crypto is safer in a hardware wallet than on THDax.
The crypto space is full of scams. THDax is one of the most obvious. Don't be the next victim.
Is THDax a scam?
Yes, THDax is a scam. Multiple crypto review platforms, including Revain.org, have labeled it a major scam exchange. It has no verifiable trading volume, deleted its 'About Us' page, and reports indicate its founders disappeared with users' funds. CoinMarketCap lists it as 'Untracked,' meaning no legitimate activity is being monitored.
Can I withdraw my funds from THDax?
It's highly unlikely. Users who have tried to withdraw from THDax report no response from support, endless processing delays, or outright errors. The platform's structure suggests withdrawals are intentionally blocked - a common tactic in exit scams. If you deposited funds, assume they are lost.
Why is THDax still online if it's a scam?
Scam exchanges often keep their websites running for years after the founders vanish. This keeps the illusion alive, tricking new users into depositing funds. The site may still load and look functional, but behind the scenes, there's no real trading, no customer support, and no way to access your money.
Does THDax have any regulatory approval?
No. THDax has no known regulatory license from any country. Unlike legitimate exchanges like NDAX (regulated by CIRO in Canada) or Kraken (regulated in the U.S.), THDax provides no proof of compliance, audits, or legal oversight. Its lack of regulation is a major red flag.
What should I use instead of THDax?
Use regulated, transparent exchanges like Kraken, NDAX, Binance, or Bybit. These platforms have public team members, verifiable trading volumes, insurance coverage for user funds, and responsive customer support. They also publish regular audits and comply with financial regulations - none of which THDax does.
THDax is a ghost. No team. No audits. No withdrawals. Just a website that looks real until you try to leave.
bro i almost signed up for this thing last week đ thanks for the warning!! saved me from losing my whole bag đ¸
So many people still fall for this stuff⌠I just donât get it. If it looks too good to be true, it is. Always. Always. Always.
Of course itâs a scam. The logo looks like it was made in Canva by a 14-year-old with a caffeine addiction.
Itâs wild how these scams copy real platforms so well - same fonts, same UI, same âAI-poweredâ nonsense. Itâs like they hire designers whoâve studied Binanceâs website like a sacred text. But the soul? Gone. Just empty shells pretending to be alive.
Real exchanges donât need to scream âWEâRE THE FUTUREâ - they just exist, quietly secure, audited, and transparent. THDax? Itâs a theater. And weâre all sitting in the front row.
Itâs not just about money. Itâs about trust. And trust? You canât code that. You canât AI-generate it. You canât buy it with a flashy landing page.
People think crypto is risky. But the real risk? Believing the hype. Believing the silence. Believing the ghost in the machine.
And now? That ghost has a website. A mobile app. A Twitter account. A Discord server. All of it. All fake. All designed to make you feel safe while it eats your coins.
Itâs not a platform. Itâs a trapdoor with a welcome mat.
And the worst part? The people who lost everything? They still check the site. Hoping. Waiting. Praying itâll wake up.
It wonât.
But maybe, just maybe, this post will save someone else from that same nightmare.
Thank you for writing this.
THDax is a textbook exit scam: no team, no regulation, no audits, no withdrawals. CoinMarketCap labeling it 'Untracked' is the final nail. This isn't speculation - it's documented fraud.
Letâs be clear: the fact that THDax still has a functioning website in 2025 is not evidence of legitimacy - itâs evidence of sophisticated deception. Scam platforms keep their sites alive for years after the founders vanish because itâs cheaper than taking them down, and more profitable to keep the illusion alive. This is psychological warfare - the slow erosion of hope. People donât just lose money; they lose faith in the entire ecosystem. They start believing that all exchanges are like this. Thatâs the real damage. The money? Recoverable, in theory. The trust? Gone forever.
And letâs not forget - this isnât just about one platform. This is about the broader culture of crypto that glorifies âhustle,â rewards âalpha,â and punishes skepticism. People donât get scammed because theyâre dumb - they get scammed because theyâre lonely, desperate, or told theyâre âmissing out.â THDax didnât create this vulnerability - it exploited it. And until we fix the culture that rewards hype over honesty, this will keep happening. Over. And over. And over.
So yes, avoid THDax. But also ask: why do so many still believe in ghosts?
Thanks for laying this out so clearly. Iâve seen so many people get sucked into these fake exchanges - itâs heartbreaking. Glad youâre out here helping people avoid the trap.
THDax⌠honestly, I thought it was just another sketchy alt-exchange until I saw the 'About Us' page vanish. Thatâs when I knew. No legit company deletes their team page unless theyâre running. And now? Silence. Just⌠silence.
Iâve been in crypto since 2017. Seen a lot. But this? This feels different. Itâs not just a rug pull - itâs a slow, quiet murder of trust.
My friend lost 12 BTC here. He still checks the site every day. Like itâs going to answer him. It wonât. But he keeps hoping.
So please - if youâre reading this, and youâre thinking of depositing⌠donât. Just donât.
Save your coins. Save your peace.
Itâs funny how the most dangerous scams look like theyâre trying too hard to be trustworthy. THDax is like a guy in a tailored suit handing you a blank check with a smile. You donât notice the knife until itâs too late.
Thank you for this. I shared it with my uncle who was about to deposit his retirement savings into THDax. Heâs now using Kraken instead. You just saved his future.
THDax is a joke. They probably hired a guy in Manila to copy Binanceâs CSS and call it âAI-powered.â
Two million TPS? Bro, my toaster has more processing power.
And the âAbout Usâ page? Gone. Like the founders. Like my money. Like my hope.
How is this still a thing? People are still falling for this? I mean⌠really? You need a degree in computer science to know this is fake?
Untracked on CoinMarketCap. No team. No audits. No withdrawal records. And you still think itâs legit? What planet are you from?
This isnât just a scam. Itâs part of a larger operation. THDax is a decoy. A distraction. The real target is not your crypto - itâs your data. Every login, every IP, every device fingerprint. Theyâre building a profile for something bigger. Identity theft. AI-driven phishing. Maybe even state-sponsored surveillance. The money? Just the bait. The real harvest is in the metadata.
And no oneâs talking about it. Because the crypto community only cares about price charts. Not the invisible strings.
Check your walletâs transaction history. Look for small, unexplained transfers before the big deposit. Thatâs the ghost in the machine.
While I appreciate the thoroughness of this post, I must respectfully challenge the assertion that THDax is definitively a scam. The absence of evidence is not evidence of absence. There may be legitimate reasons for the lack of public documentation - perhaps regulatory constraints, proprietary AI development, or strategic confidentiality. To label an entire platform as fraudulent based on surface-level observations is not only unprofessional, but potentially damaging to the broader ecosystem. We must exercise due diligence - not knee-jerk condemnation.
Furthermore, the comparison to NDAX, while valid, is misleading. Not every exchange must be Canadian-regulated to be legitimate. Many thriving platforms operate in jurisdictions with different legal frameworks. The real issue is not regulation - itâs transparency. And THDax may simply be choosing a different path to transparency - one that is not yet visible to the public eye.
Before we rush to judgment, let us remember: innovation often looks like fraud until it becomes standard.
Thatâs the exact mindset that keeps these scams alive. đ¤Śââď¸
âAbsence of evidence is not evidence of absenceâ - but when the evidence is screaming at you from every corner - no team, no audits, no withdrawals, deleted About page, untracked on CoinMarketCap - then the absence becomes the loudest signal of all.
And âdifferent path to transparencyâ? Bro, if your âtransparencyâ is deleting your team page and pretending your AI doesnât need engineers, then youâre not innovating - youâre lying.
Real innovation doesnât hide. It shows its work. It invites scrutiny. It publishes audits. THDax doesnât do any of that. It doesnât want to be understood - it wants to be trusted blindly.
Thatâs not innovation. Thatâs fraud with a UI upgrade.
Thank you for this. Iâve been warning people about THDax since 2021. Itâs heartbreaking to see new users still falling for it. Crypto needs more people like you - not just warning, but teaching. Keep shining the light.