February 5, 2023


Все о беттинге / All about betting

How to check the crypto exchanger for safety?

Most holders of digital assets use cryptocurrency exchangers to buy and sell them. The cases of fraud, overstated commissions and loss of client’s funds are not uncommon. To reduce the risks, it is better to cooperate with services with a good reputation. Before carrying out a transaction, it is necessary to check the resource. There are a number of methods for this. 


Customer Testimonials

Before you make a deal, it is better to listen to what customers say about the exchanger. The easiest way to find reviews is to use a search engine like Yandex or Google. They will provide resources – forums, sites, where you can find out all the details about the selected service. 

Users will share their experiences with different sites. It’s easy to get the following information:

  • facts of fraud;
  • presence of hidden fees for payments;
  • real service charges;
  • number of cryptocurrencies;
  • times of exchange etc.

Based on this, it is easier to make a decision about cooperation and avoid fraud. However, you should take into account reviews that present facts and screenshots. Short comments that everything is super, or that the site scams people are uninformative, are not helpful. 


Aggregators of exchangers

These are specialized sites, where the best services for exchanging cryptocurrencies are collected. The internal search engine is supported. It is necessary to enter into the special field the name of resource to find out about its rating. 

In addition, you can choose the site from the top-best, then you can avoid negative experiences. The main advantage of aggregators is the careful checking of the exchanger. Specialists approach the process with great care, and do not recommend new portals and services with dubious reputation for cooperation. 

All aggregators allow you to find the service in minutes. It is also possible to get acquainted with:

  • supported crypto assets;
  • commissions;
  • minimum/maximum payment;
  • transfer terms. 

In addition, you can set search parameters. This will exclude portals with manual input and the use of third-party counterparties when making payments. 


Check the blacklist of exchangers

“Blacklists” of cryptocurrency exchangers are actively forming in the network. Before registration and carrying out transactions, it is worth checking whether a selected resource is included into these lists. At the same time, it is possible to find out which exchangers are not recommended to cooperate with. It will save time on search. 


Time frame

A few dozen exchange sites appear every year. In order to attract clients, new services offer to perform transactions at minimal commissions or rates, which are lower than the market rate. This is a perfectly normal marketing ploy to increase the number of users and expand their influence area. However, it is often used by crooks. 

To avoid negative experiences, it is recommended to avoid cooperation with new services. It is better to overpay than to stay without the accumulated money. A portal, which has been operating for 5 years, will be the optimal choice. You can find reviews about it online and get quality support when problems arise. 


Check domain

Fraudulent exchangers use first level domains to host sites. Swindlers want to gain a big score with minimal investment. The third level domains are used for placing the resource, while the second level is used less often. 

In addition to this, it is recommended to find out when the site was registered. Then compare the information about the service, provided on the exchange resource. If there are discrepancies, it is better to look for other options, because it is dangerous to cooperate with the chosen brand. 


Quality of technical support

Fraudsters and average services are often limited to the mail, where you can send a question or complaint. However, you can quickly solve the problem through online chat. If it is absent, it is better to consider other services.

It is also worth evaluating the quality of the support team. When you have to wait for an answer for hours or days, it is not recommended for cooperation. If there is a technical error or loss of transaction, you may not get your money.  

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