BloxxxChain is apparently a new crypto exchange/token that claims to disrupt the trading space. Fees advertised by them are a bit on the higher side and that’s not the worst part about them. The team behind the platform is not revealed and regulatory authorities have already flagged them.
Clearly, they are hiding something and users shouldn’t get involved with them regardless of the narratives they push. After all, if they were really that effective, wouldn’t they have amassed a following already? Stick with us till the end to figure out their most manipulative traits.
BloxxxChain Exchange Explained
This platform is trying hard to pretend to be a wallet, exchange and a token. However, documentation about different aspects of their claims are never provided. Crypto trading, mining and arbitrage are said to be the main driver of revenue. Nonetheless, there is no audited record to prove the same.
In other words, they want the public to trust them blindly and that is something we can never ask anyone to do. Cryptocurrencies trading, mining and staking have different risk profiles and unless we know the entire equation, it’s not a financially wise move to move forward with them. If the data is not satisfactory, then the only acceptable move is to walk away.
Trading Conditions and Fees
Unfortunately, apart from fees(makers and taker spread), BloxxxChain hasn’t covered much. In other words, we don’t know the deposit or withdrawal fees. Minimum account balance is also a mystery.
Ironically enough, there is no FAQ section or an email to get answers from the support team.
BloxxxChain Concerns
BloxxxChain presents itself as a platform that helps retail traders take advantage of arbitrage and staking. But, they do not provide any record or audited track record to back up their claims.
There isn’t an ounce of data to back up how effective they are or to prove that they have an edge. Moreover, they are accused of running in an illegal manner. With every observation we have had so far, do you really want to give them the benefit of the doubt?
Conclusion
When it comes to financial services, always do deep research about the brokerage or exchange you want to employ. Do not hesitate to get professionals involved if necessary and if things don’t add up or if transparency is not found, do not entertain them.
Remember, the key is to safeguard your funds and that happens only if you stick with regulated options.
