🚫 Beware! Avoid the top ten scams in dubious exchanges 🚫
With the soaring price of Bitcoin, countless novice investors have flocked to the cryptocurrency trading market. In this process, they may fall into some so-called 'parrot exchanges' or other dubious exchanges, which not only offer no protection but also pose a significant risk of economic loss. 💸
🔍 First, let's identify the common tricks of these dubious exchanges:
Fund transfer: As soon as you deposit money, the platform directly transfers the money away.
False promises: Claiming to help you make money, but end up causing you losses.
Withdrawal difficulties: You earn money but cannot withdraw it.
🛡 To avoid these traps, I have compiled a ranking of centralized exchanges that are currently being used smoothly for your reference:
Top exchanges: Binance, OKEx (most commonly used)
Second-tier exchanges: Bybit, Bitget, Weex
Third-tier exchanges: Gate, Mexc, etc.
📱 It is recommended to use legitimate platforms when downloading and trading, and to choose merchants with a high number of completed transactions. This can help reduce the risk of being scammed to some extent.
🔒 Remember, security is always the top priority! Before making any transactions, be sure to do thorough research and preparation. Avoid falling into bigger traps for the sake of small profits. 🚫
