unclemantis avatar

SCAM ALERT!: CoinSwitch and IDEX ETH-DRGN

unclemantis

Published: 31 Jan 2020 › Updated: 31 Jan 2020SCAM ALERT!: CoinSwitch and IDEX ETH-DRGN

SCAM ALERT!: CoinSwitch and IDEX ETH-DRGN

I am usualy pretty careful but this time I trusted the wrong people with a large amount of ETH.

I wanted to buy some DRGN (DragonChain) so I went to coinswitch.co and asked for a quote to buy some DRGN. I entered 1 ETH and started a transfer. I entered in my DRGN address and got back 2111.3219 DRGN. I went into my wallet to look at the exchange rate and low and behold I was missing a value of at least $100, I was like "I got ripped off!"

Coinswitch was no help. They pretty much said I got what I got. So I head on over to one of my 2 favorite exchanges KuCoin.com. I transfered 1 ETH and Bought DRGN. The Exchange told me EXACTLY what I was exchanging and it was indeed a LOT better. I got 4474.5488 DRGN with a current exchange rate at the time of this posting $185.26 USD.

So my warning to the community, DO NOT TRUST A MAN IN THE MIDDLE EXCHANGE!

The two exchanges that I use are BITREX and KUCOIN. I abandoned COINBASE just the other day and took my holdings and ran after Coinbase put a hold on my ETH for 7 days!

Feel free to comment on this post. But it is shame on COINSWITCH AND IDEX. I would love to hear about the reader's experences with COINSWITCH IDEX BITREX and KUCOIN.

Be well!

unclemantis@unclemantis

Leave SCAM ALERT!: CoinSwitch and IDEX ETH-DRGN to:

Written by

Read more #scam posts


Best Posts From unclemantis

We have not curated any of unclemantis's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From unclemantis