MFSA issues warnings about 2 scam exchanges

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While its not unusual that there is scams, its interesting that the gov of Malta decided to give a public warning about those two.

Crypto Foxtrades

Coinmalex

If some company/exchange claims to have a license you can always verify that here - https://www.mfsa.mt/financial-services-register/

I don't know these spots but if you used them or know anyone better get money out asap.

Here are some ones I and my friends use and cases for them.

For x50-x100 leverage trading you have BitMex ByBit or BaseFX that i was testing for last few weeks and can say - its good, get there.

And here are huge cryptocurrency pair exchanges:

  • Binance - top1 exchange in the world with best volumes and promotions
  • KuCoin - i would call it younger brother of Binance with many NEO and ETH pairs
  • BiBox - amazing China exchange, similar to other two above with different coins
  • BitMax - crazy overlooked by people china exchange with loads of good options
  • BitForex - currently top volume exchange for USDT pairs, really overlooked
  • Coinex - ETH BCH BTC EOS pairs

Enjoy and follow @kingscrown


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2 comments
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Thank you for the warning - MALEX even sounds suspect - almost like Malware LOL

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