Review on QuadrigaCX by Joseph Bello
THIS EXCHANGE CAN NOT BE TRUSTED.
QuadrigaCX is a Canadian exchange that deals with only few altcoin like LTC, BTC, ETH and Bitcoin Cash. The exchange is one of the main reason why I always keep a good distance away from unregulated exchange and why I don't also leave my funds for too long on an exchange. Trading on an unregulated exchange is the most risking venture for any trader to go into because when an exchange is not licensed there is a possibility they can run away with traders assets/funds. This was what actually happen with QuadrigaCX exchange they made away with traders assets that Worth's more than $200million. When the exchange was still in operation their trade fee for makers and takers was so unbearable for me, they charge as high as 0.5% which was so immoderate and apart from that they also charged traders some hidden fees which were unknown to the traders ,this negative attributes of the exchange made me pessimistic about using the exchange. As of now there is nothing on the exchange's website except a blank page and so there is nothing left on the exchange for traders anymore,I suggest that new traders should look out for other good exchanges and with the help of an excellent reviewing site like Revain that will not be a problem.
Pros
- None
Cons
- It is a scam
- They have made away with assets worth hundred millions of dollars
- There are no indication or sign of the exchange making refunds of the traders assets
