Review on QuadrigaCX by Özgün A
The caravan of scam exchanges
QuadrigaCX is a Canadian-based cryptocurrency exchange platform built on blockchain technology.
QuadrigaCX exchange is currently out of service, but I have used it for about 7 months and I will share my experience.
QuadrigaCX exchange is a small-scale project that appeals to the American continent. Few cryptocurrencies are listed on the exchange. Although I used it for 7 months, I did not see any improvement. The stock market was always old, no updates were made, the stock market was full of errors. Withdrawals were very slow and sometimes transactions were canceled spontaneously.
On the QuadrigaCX exchange, transaction fees were considerably higher than for such a small exchange.
Although I have made a small number of transactions on the QuadrigaCX exchange, about 400 of my Dogecoins remained on the exchange. This is a small number, but they closed the exchange without returning their users money. With the crypto money of its users, its developers have been enriched. The incident of defrauding users has become more common. By law, users should be covered. If users are not protected by governments, such scams will become widespread.
When you enter the QuadrigaCX exchange website, you will be greeted with a screen full of text. It writes that users are making the necessary effort for their funds, but the situation is still under review. Of course I do not believe what he wrote.
Pros
- Don't say anything good
Cons
- Like many exchanges, this exchange victimized and defrauded its users
- Despite being a small exchange, transaction fees were high
- Very few cryptocurrencies were listed
