Crypto Exchange Safety Checker
Check Exchange Safety
Enter the name of a cryptocurrency exchange to see if it meets minimum safety standards based on red flags mentioned in the My1Ex.com review.
Safety Criteria
This tool evaluates exchanges against key red flags identified in the My1Ex.com review. Legitimate exchanges should meet all these criteria.
- Transparent company information (founders, location, registration)
- Real trading volume with verified activity
- Positive user reviews (hundreds, not seven)
- Regulatory licenses from recognized financial authorities
- Working customer support with timely responses
- Security measures (cold storage, 2FA)
- Mobile apps and learning resources
If you're considering using My1Ex.com to trade cryptocurrency, stop. This isn't a platform you want to touch. Not because itâs new or unproven - but because it shows every sign of being a scam operation dressed up like a crypto exchange.
No Transparency, No Trust
Most legitimate crypto exchanges publish clear information: who runs them, where theyâre based, what licenses they hold. My1Ex.com does none of this. Thereâs no founding team listed. No headquarters address. No corporate registration number you can verify. Even the websiteâs domain records show no meaningful ownership details. If a company doesnât want you to know who they are, why should you trust them with your money?
Compare this to Binance, Coinbase, or even smaller regulated platforms like Kraken. They all publish legal entities, compliance teams, and regulatory status. My1Ex.com? Nothing. Zero. Nada. Thatâs not just poor practice - itâs a major red flag.
Zero Trading Volume, Zero Liquidity
My1Ex.com appears on CoinMarketCap, but hereâs the catch: it shows no trading volume. Not even $10,000 a day. CoinMarketCap updated its listing rules in 2024 to require real, measurable volume. Exchanges that canât prove theyâre active get removed. My1Ex.com is still listed - but only because the system hasnât caught up yet. Itâs a ghost exchange.
What does that mean for you? If you try to buy Bitcoin or Ethereum on My1Ex.com, you wonât find buyers or sellers. The order book will be empty. Even if you see a price like âBTC/USDT at $62,000,â itâs fake. Real trades arenât happening. Youâll be trading with ghosts.
User Reviews Are All Negative
The only real data we have on My1Ex.com comes from Revain.org - a platform that collects user reports. Out of seven reviews, every single one is negative. Three users called it a scam. Two reported they tried to withdraw funds and never got them. Two others said the trading pairs looked real but had zero depth - meaning the volume numbers were made up.
One user wrote: âI sent 0.5 BTC on August 17, 2024. Still waiting 14 days later.â Another said: âI completed KYC. Then my account got frozen. No explanation. No reply.â
There are no success stories. No one says, âI made money here.â No one says, âCustomer service helped me.â Just silence after money is sent in.
No Security, No Support
Legit exchanges use cold storage for 90%+ of user funds. They have two-factor authentication, withdrawal whitelists, and regular third-party audits. My1Ex.com? No information on any of this. No mention of hot or cold wallets. No audit reports. No proof they even secure your crypto.
And support? Forget it. Every reviewer said they emailed customer service and got no response - not even an auto-reply. Compare that to Coinbase, which answers emails within two hours. My1Ex.com treats users like afterthoughts.
No App, No API, No Learning Resources
Even small exchanges offer mobile apps, API access for traders, and tutorials for beginners. My1Ex.com has none of that. No iOS or Android app. No developer documentation. No YouTube videos. No help center. No FAQ. If youâve never traded before, youâre completely on your own - and you wonât even find a guide to get started.
Thereâs no GitHub repository. No Telegram group. No Discord server. No Reddit community. Nothing. Real platforms build communities. Scams vanish into the dark.
Itâs Not Listed on CoinGecko
CoinGecko lists over 650 exchanges as of 2025. My1Ex.com isnât among them. Why? Because CoinGecko has stricter standards than CoinMarketCap. They require verified volume, active trading pairs, and basic transparency. My1Ex.com fails all of it.
If a platform isnât good enough for CoinGecko, itâs not good enough for your wallet.
Regulatory Red Flags
As of 2025, 92% of major exchanges hold some form of license - whether from the U.S., EU, Japan, or Singapore. My1Ex.com appears in zero regulatory databases. Not FinCEN. Not the FCA. Not MiCA. Not JFSA. Nothing.
This isnât just risky - itâs illegal in many countries. If you trade on an unlicensed platform, you have no legal recourse if things go wrong. No regulator will step in. No government will protect you.
Why Itâs Still Online
You might wonder: if itâs a scam, why hasnât it been shut down? Simple - it doesnât need to be. Itâs not making money from trading. Itâs making money from deposits.
Users send in Bitcoin, Ethereum, or stablecoins. The platform disappears with the funds. The website stays up just long enough to lure new victims. Then it vanishes - only to reappear under a new name like My2Ex.com or CryptoFastTrade.
This is a classic pump-and-dump model, but for entire exchanges. Itâs not a business. Itâs a trap.
What Happens If You Use It
Hereâs the likely path:
- You sign up with an email and password - no KYC needed at first.
- You deposit $500 in USDT or BTC.
- You see fake trading volume and prices that look tempting.
- You try to withdraw. The system says âprocessing.â
- Days pass. No update.
- You email support. No reply.
- Your account gets locked. Or the site goes offline.
- Your money is gone.
This isnât speculation. Itâs what happened to all seven users who reviewed it.
What to Do Instead
If you want to trade crypto safely, stick to platforms with:
- Real, verifiable trading volume
- Publicly listed company details
- Regulatory licenses
- Positive user reviews (hundreds, not seven)
- Mobile apps and customer support
- Third-party security audits
Try Kraken, Coinbase, or Bitstamp - all licensed, audited, and transparent. Even smaller platforms like Bitget or KuCoin have active communities and real volume.
My1Ex.com? Itâs not a risk. Itâs a guarantee youâll lose your money.
Final Warning
Deloitteâs 2025 crypto report predicts 70% of unlicensed exchanges will disappear by 2026. My1Ex.com isnât just at risk - itâs already dead. Itâs just waiting for you to send your crypto before it vanishes for good.
Donât be the next victim. Walk away. Save your money. Trade somewhere that actually cares about you.
Is My1Ex.com a scam?
Yes, based on all available evidence. My1Ex.com has no transparency, zero verified trading volume, no regulatory licenses, and seven user reviews reporting failed withdrawals, fake trading pairs, and no customer support. It matches the pattern of known crypto scams.
Can I withdraw my crypto from My1Ex.com?
Based on user reports, no. All seven reviewers who tried to withdraw funds failed. Some waited over two weeks with no response. Others had their accounts frozen after submitting KYC documents. There are no verified cases of successful withdrawals.
Why is My1Ex.com still listed on CoinMarketCap?
CoinMarketCapâs system sometimes keeps listings active even after exchanges become inactive, especially if they were added before stricter volume rules were enforced in 2024. My1Ex.com shows no trading volume, which violates current standards - but the platform hasnât been removed yet. This doesnât mean itâs legitimate - it means the system is slow.
Is My1Ex.com regulated?
No. My1Ex.com is not registered with any financial regulator worldwide. It does not appear in FinCENâs VASP database, the EUâs MiCA registry, Japanâs JFSA, or any other official licensing body. Using it puts you at legal and financial risk.
Should I trust My1Ex.com because it has a website?
No. Scammers build professional-looking websites all the time. A clean interface doesnât mean safety. What matters is transparency: who runs it, where itâs based, how it secures funds, and whether users can actually withdraw. My1Ex.com fails every test.
What should I do if I already deposited money on My1Ex.com?
Stop sending more money. Try to withdraw immediately - but expect no response. Document everything: screenshots, transaction IDs, emails. Report it to your local financial crime unit. Unfortunately, recovery is extremely unlikely. The best action now is to learn from this and avoid similar platforms in the future.
Jane A
This site is a total scam. Zero volume, no team, no license. People are losing money every day and no one cares. Don't even waste your time.
jocelyn cortez
I just lost my first crypto deposit to something like this. I wish I'd read this sooner. Stay safe out there.
Gus Mitchener
The ontological insecurity of My1Ex.com is profound. It operates in a liminal space between financial instrument and digital ghost-its lack of ontological grounding renders it incapable of fulfilling the basic epistemic contract of a decentralized exchange. No regulatory presence, no liquidity, no accountability. It's not just unregulated-it's epistemologically invalid.
Jennifer Morton-Riggs
Like seriously why do people still fall for this? I mean it's not even clever. The website looks like it was made in 2017 on Wix. No app, no support, no nothing. And they wonder why no one trusts them.
Kathy Alexander
Actually, CoinMarketCap listing doesn't mean anything. They still have fake exchanges up. I've seen worse. This one's just lazy. At least some scams have fancy websites.
Rajesh pattnaik
Very informative. In India too, we see these fake exchanges popping up every month. People send money thinking they're investing. Always check if it's registered with SEBI or any global regulator. Don't trust just a nice UI.
Sky Sky Report blog
It's disturbing how easy it is to create a fake exchange these days. The lack of oversight is terrifying. People need more education on what real platforms look like.
stuart white
My1Ex.com isn't just a scam-it's a cultural artifact of late-stage capitalism. A hollow shell built to exploit the desperation of those who believe crypto is a shortcut to wealth. It doesn't even pretend to be real. And that's what makes it so chilling.
Jenny Charland
OMG I just got scammed by this exact site last week. I sent 0.3 BTC. Now it's gone. I'm so mad. đĄ
preet kaur
My friend in Delhi lost $2000 to a site like this. He didn't know any better. Please share this post with people who are new to crypto. It could save someone.
Amanda Cheyne
Did you know CoinMarketCap is owned by Binance? They keep fake sites up to manipulate rankings. This isn't a scam-it's a coordinated attack on retail investors. The whole system is rigged.
Anne Jackson
Americans need to stop trusting foreign platforms. If it's not based in the US with a license, it's a trap. Why are we letting this happen? Our government should shut these down.
David Hardy
Bro I just checked My1Ex.com again. Still up. Still fake. Still waiting for someone to get ripped off. Stay smart out there đ
John Borwick
I've been in crypto since 2015 and seen a hundred of these. The pattern never changes. No team, no support, no volume. They don't care if you trade-they care if you deposit. Once you send it, you're done.
Matthew Prickett
They're not even trying anymore. The domain was registered under a privacy shield. The SSL cert expired last year. The contact email bounces. This isn't a business-it's a phishing page with a logo.
Caren Potgieter
Thank you for this. I'm from South Africa and we have so many of these here too. People think if it has a website it's real. Please keep sharing truths like this.
Jennifer MacLeod
Just shared this with my crypto group. Everyone needs to see it. So many people are about to lose money on this exact site
Linda English
It's deeply concerning, isn't it? The erosion of trust in digital financial systems, when even basic transparency-like a verifiable legal entity-is absent. We're not just losing money; we're losing faith in the possibility of safe participation in decentralized finance. The psychological toll is under-discussed.
asher malik
People forget that crypto isn't magic. It still needs infrastructure. My1Ex.com has none. No audits, no team, no nothing. It's like building a bank with no vaults. You think you're safe until the money vanishes.
Julissa Patino
lol why even write this? everyone knows its a scam. CoinMarketCap still has 200 fake ones. The system is broken. I don't even bother anymore
Omkar Rane
I work with fintech startups in India and we get approached by these fake exchanges all the time. They want to "partner" or "list". We say no. They disappear and come back with a new name. It's a cycle. Always check the team, the domain age, the socials. If it's too good to be true, it is.
Lisa Hubbard
I mean, I get it. People are desperate to make money. But this? This isn't even a good scam. It's lazy. No one even bothered to fake the customer service replies. I've seen bots that do better than this.
Daryl Chew
Wait till you see what happens next. They're gonna spin up My3Ex.com next week. And it'll look exactly the same. They're not trying to fool the experts-they're trying to fool the scared, the greedy, the new. And they're winning.
Tyler Boyle
Letâs be real-the real scam is the entire crypto listing ecosystem. CoinMarketCap, CoinGecko-theyâre gatekeepers with zero accountability. They profit from traffic, not truth. My1Ex.com is just the symptom. The disease is the monetization of trust.
Soham Kulkarni
My uncle in Mumbai lost money to a site like this. He thought the fake reviews were real. Please, if you know someone new to crypto, talk to them. Don't wait till it's too late.
Tejas Kansara
Thanks for the heads up. I just shared this with my cousin who just bought her first crypto. Hope she sees it before she deposits.