Review on UBIEX by Killer Bean
No longer a useful exchange
Ubiex Exchange calls itself the world's leading digital assets exchange. Honestly, I'm tired of seeing this particular phrase from exchanges which later turn out to be useless platforms and it seems like Ubiex exchange is no different. Founded in Singapore as a centralised exchange, Ubiex was launched in order to provide spot exchange services, margin trading, fiat and even OTC trading as well as futures but it doesn't seem to accomplish any of this. Accessing this exchange's website for the first time, it was completely in Chinese, making it hard to understand. So I had to find the translation option and choose my required language. Fortunately enough, the exchange supported English as well as two other Asian languages, Korean and Japanese. From what I could see on this exchange, it seems like the exchange was outdated. It had alot of wrong prices of various cryptocurrencies traded which means that the trading volume was definitely going to be wrong. I knew something was already wrong and I was able to confirm my claims after I checked the Twitter account and discovered that they had their last post in November 2020. This exchange, beyond reasonable doubt is a SCAM and a Dead exchange. I certainly do not encourage its use!!!
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Pros
- Personally, I don't see the positive side of this exchange
Cons
- The exchange has wrong prices of various cryptocurrencies,
- The trading volume as well is not verified
