Review on OnBlock Exchange by Jeff Ayuba
A scam exchange which scampered away with users funds
The proliferation of scam exchanges cannot be overemphasized when it comes with cryptocurrencies as they are mostly regarded as an unregulated fiduciary in many countries. There are centralised exchanges which comes up and go without any notification and leaving traders who used it's services bewildered and stunned. Not only just that, some of this exchanges made away with the funds of the traders. So also did OnBlock exchange do. They made away with the funds of traders and unofficially closed the exchange. No one can even access its servers as it has been completely brought down like one that never existed.
The exchange never had good plans for the traders as many traders kept on complaining of service disruptions and issues faced with transfer services of the exchange. All this complaints made the exchange quicky in their operations and decided to close out. More research needs to be done on an exchange before trusting your funds into the platform especially on its Host country and to see if they complied with any regulationand the security measures of the exchange accounts and the platform itself. As no one can use OnBlock, let's look elsewhere.
Pros
- I have no positive comments for this exchange
Cons
- OnBlock exchange made away with the fund of some of its users
- The exchange website cannot be accessed
