Recently, a certain CEX has become popular and started requiring users to provide personal information, with a level of detail comparable to compliant financial institutions. Just right, I have also participated in many CEX marketing activities, each with its own strengths. I would like to take this opportunity to share my personal experiences and insights, so that everyone can learn from them and understand the differences among various exchanges from my perspective.
First, let's talk about a few exchanges that I generally feel positively about. The recently popular O exchange, to be honest, has some decent activities regarding platforms and wallets. However, I feel a bit restrained because I haven't had any big wins; for example, I didn't win any prizes in their draws, so they haven't left a deep impression on me in terms of marketing. However, the products are clear and straightforward, at least I haven't been scammed.
Now let's talk about Binance. Binance is indeed very generous in marketing activities, and I have actually made some real earnings from activities like #ALPHA . However, my feeling about Binance is that as long as you participate according to the rules, there will definitely be rewards; they won't cheat you or shortchange you. For example, there was a recent event where staking SOL would earn REZ rewards. It was said that the rewards would be distributed after four weeks, and as the last day approached, I still hadn't received them. I asked customer service several times, and they all told me to wait patiently. By the end, I almost felt like I was going to miss out, but suddenly, one day, the full amount was distributed, and it was a pleasant surprise. Therefore, I currently have the most confidence in Binance's marketing activities and participate without hesitation.
Next, let's talk about the overseas compliant exchange C. Previously, a 12% deposit interest rate attracted a lot of people, and I also opened an account, but due to rumors about accounts being easily frozen, I didn't dare to deposit money. One day, I suddenly received an email saying that as long as I traded contracts, I would receive rewards. I participated with a try-it-out attitude and was surprised to actually receive them. I have to say that KYC at overseas exchanges is indeed strict, but their activities are quite straightforward. I'm not a heavy user of C, but my guess is that if you're one of their own, you'll be warmly welcomed; if not, they'll hit hard.
Having mentioned a few exchanges that are okay, now I would like to introduce the ones where I personally felt scammed.
First, let's talk about the widely circulated exchange. Actually, my feelings about this exchange are not bad; their customer service response feels comparable to Binance. However, I've heard that they often play tricks with contracts, which is why I haven't traded there. Later, I saw an event for first-time deposits and participated, but unexpectedly, I still got scammed: the event required a 7-day fixed deposit to receive rewards, but the prompt was very unclear, and I missed it. I deposited a flexible amount and waited a long time without receiving rewards. However, I carefully read the requirements and saw that rewards would be distributed after some time, so I obediently waited. But after waiting and waiting, I still didn't receive anything. It was only when I asked customer service that I realized what happened. To be honest, this time it was my own fault for not paying attention, and I take the main responsibility, but I still feel a bit strange about it. After this experience, unless this exchange has some particularly good projects, I won't easily go back.
Next, we'll talk about the two commonly used exchanges in the Chinese-speaking community. The common characteristic of these two exchanges is that they are very cunning and clearly use rules to control users. As a simple citizen, I actually also fell victim to their iron fist. Below, I will discuss my experiences with these two exchanges.
Let's start with double B. I used double B quite a bit before, including launchpool fixed deposits and some trading, but later participated in a Megadrop. I deposited money and waited, but when it was time to withdraw my earnings, I was told by risk control that I couldn't take them out. This made me a bit annoyed. It's not that I think I'm innocent; I do have two accounts, and I can't argue if they strictly enforce the rules. But the key point is, if you're going to risk control me, why not tell me in advance? This made me feel clearly deceived.
Finally, let's talk about the top exchange in the Chinese-speaking community, B. Previously, their platform token had a strong market performance, and I even thought it might become the next Binance. However, recently they claimed to have conducted a 5 million airdrop. I met the conditions but didn't receive it. When I contacted customer service, I was told it was due to risk control. I was not satisfied with this; I have one account and have diligently deposited and traded money, so how did I become a cheating account? Now, it's clear that unless it's a daily settlement event, I won't dare to participate again.
The above is my experience with various CEXs, shared with everyone in the hope of providing some help. I'm also very curious about what other people have encountered in terms of amazing stories; we can exchange ideas.
