EOS (EOSUSD)

[BestChange]

Risks when dealing with no-name crypto exchangers

There are about 250 exchangers in BestChange listing, and each of them is checked by dozens of parameters. But there are also hundreds of exchangers that cannot in any way prove that they are legit. Why shouldn’t you use their services? Let’s discuss the chief risks.

- Firstly, the exchanger may simply not pay you. This is the most evident fraud, which is, unfortunately, widely spread. When the website’s reputation is completely damaged, the threat actors will simply create a new domain and continue their activity.

- Secondly, there can be hidden commissions. When creating an order, you see one amount, but in the end, you receive a totally different amount. You won’t be able to prove anything since the regulation of crypto exchangers is still feeble. And if it is written somewhere in tiny print about commissions, there are no chances to win back your hard-earned money.

- Thirdly, technical mistakes. If the exchanger is new, and even if its creator did not aim to deceive anyone, there are chances of losing funds just due to ill-conceived technical issues. That said, all exchangers represented on BestChange have been working for at least six months, that’s why such a situation is almost surely ruled out.

- Fourthly, there is such a type of fraud as phishing. A domain is created with a name that looks like a name of a popular exchanger. The design is also made similar. You can avoid such risk if you visit an exchanger from BestChange website and not via other links.

Do not risk, use the monitor, it is absolutely free and very convenient.