This failure of an exchange has already defrauded a number of investors by claiming to offer a secure and lucrative crypto trading environment. Secretive about their registration, legal data, and regulation, these alleged trading professionals dare to consider their offer the most competitive in the industry.

The truth quickly surfaces as we deepen our investigation and dig up the facts, so read this Dexochain review and find out what devious scam strategies this con employs.

Legit by no Means

There is not a single piece of information available about the parent company that runs the website we’re reviewing. No phone numbers or physical locations and addresses of the headquarters are shown, either. Attempting to find anything on the Dexochain exchange was like chasing a ghost.

However, legal documents mention laws and courts of Malta to have jurisdiction over legal proceedings. If that means the conduct is registered in this country, they would need a MFSA license to operate. Of course, they do not own it, as visible from the search results.

Moreover, the firm is not regulated by any other prominent authority, such as FCA, BaFin, CySEC, or ASIC, so it’s better to avoid them, just as you would other scams like Zenith CFD.

Narrowly Focused on US Traders

If the statistics are telling us something, it’s that US crypto investors are an especially vulnerable group of traders. Apparently, the Dexochain scam, established in February 2024, is centered around stealing digital assets from traders in the following countries:

To entice their victims, these miscreants tend to promise airdrops, free coins, high staking rewards, and guaranteed trades. 

Moreover, they also offer bonuses, especially through their referral campaign. This facilitates the scam as it quickly attracts new victims. All Ponzi schemes operate in a similar way, so you should avoid any similar proposals from other frauds, Exchange-Crypto.com being another one.

Are These Costs Realistic?

Standard maker/taker fees start at 0.85% for the lowest VIP level. The main cost is the internal payware fee of 1% on all deposits, 1.5% on all transfers, and 2.5% for required insurance. Whoever of their clients is not able to pay these fees is charged another 18%. 

Dexochain withdrawal is also taxed at 18%. All of these fees, as the legal papers clarify, are subject to occasional change without any prior notice. How unreasonable is that?

Bonus from Affiliates

Everyone who registers for a new Dexochain login can participate in the client referral program. Depending on the number of affiliates, you can receive up to 40% of the commission paid by your referrals. This is a typical part of any pyramid scheme, so try not to fall for the bait. There’s also a deposit bonus of up to $6,666 reward for performing various tasks, from signing up and verifying profiles to depositing and trading. 

Poorly Designed Environment

Once you start exploring what this crypto provider has to offer, it will become clear why there are no Dexochain reviews online. The company barely has anything at all to equip traders with in order to make money. 

Their trading area only vaguely resembles busy websites as a part of an illusion. Otherwise, the service provider just overcharges for the service they’re not able to deliver.

Inferior Web Trader

The Dexochain app looks pathetic compared to the complex trading rooms designed by reputable exchanges. Making educated decisions on the global market is not possible if you rely on the misleading data this terminal displays. 

The only outcome you’ll get to see is your own bankruptcy. Outdated market news and unresponsive graphs treacherously point out a scam orchestrated in the shadows.

Digital Assets Traded

The majority of products advertised on this page can be found on popular crypto trading servers, so this portal is not particularly impressive. If anything, only some of the most traded crypto coins are enabled, while more exotic ones are not a part of the offer. Some of the popular ones are BTC, ETH, LTC, USDC, BCH, BAT, ATOM, ZEC, LINK, USDT, EOS, ADA, and NEO.

Sign Up Not Recommended

Opening an account here only requires you to provide an email and a password. However, in order to access any of the trading features that are allegedly available, you are expected to complete the KYC. 

That includes sharing personal information, such as ID, bank account details, and other sensitive data. Once that is concluded, you are asked to invest at least 0.0050000 BTC as a minimum deposit to your Dexochain wallet.

We absolutely do not recommend you do that, considering that the firm itself doesn’t disclose any of its own information yet expects to get yours.

Payout Conditions

Since withdrawals are only allowed to those who own an alleged Premium account, everyone who wishes to perform a payout has to buy it. The price is not known, but it is a key withdrawal term. 

Furthermore, VIP clients are promised to get their profit sent to them within one business day. These are just empty claims, as nothing stops cyber thieves from promising whatever they want in order to manipulate their targets. Other withdrawal circumstances are not known, including the processing time and methods accepted.

Rude Chat Agents

The only way to reach out to the customer support office is via the online chat. This feature is only available for those that sign up. However, unfriendly chat agents will ask you for a Promo code or to make a deposit before they engage in your case.

We Trace Stolen Crypto!

High bonuses and other incentives, along with a promised profit and guaranteed returns, can easily push traders into investment. However, throwing your money into this shady scheme will never pay out. Don’t wait too long to find out.

Contact our esteemed CipherTrace experts and blockchain professionals who can track your crypto transaction and help with fund recovery. For details, please contact our live chat agents.

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