Coinexchanger.io legit or not

Bitcoin Questions and AnswersCategory: General questionsCoinexchanger.io legit or not

klyf asked 8 months ago

i really wanna know what coinexchanger.io is all about, i mean it being legit or not since it came to existence 2016 and dont have an individual name being registered to it

1 Answers
Steven Hay answered 8 months ago

Hi Klyf,
 
It sounds like you already ran the site through our Scam Test:
 

The Bitcoin Scam Test


 
I have never heard of this exchange before. It seems like a small one with little volume. It also seems to host certain new coins which are rather questionable. Note than an exchange can host scamcoins without being a scam itself.
 
Anyway, I don’t really have an answer for you. Here’s a thread on BitcoinTalk about this exchange, from what I can tell people find the exchange itself to be OK but some of the coins listed there to be scammy:
 
https://bitcointalk.org/index.php?topic=1532173.0
 
The later pages contain reports from users who’ve lost coins or been locked out of their accounts…  While all exchanges are risky, on balance I’d say that you should stick to a better-known exchange for now. HitBTC.com, Poloniex.com & Cryptopia.co.nz have all worked well for me (so far).

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