There are thousands of cryptocurrency exchanges out there. Most of them are legitimate. A few are dangerous. My1Ex.com isn’t just risky-it’s a textbook example of what to avoid.
If you’re considering using My1Ex.com to trade crypto, stop. Right now. This isn’t a cautionary tale about poor customer service or slow withdrawals. This is about a platform that shows every sign of being non-functional, possibly fraudulent, and actively harming users.
No Transparency, No Trust
Legitimate exchanges tell you who they are. They list their founding team, their headquarters, their legal registration number. My1Ex.com does none of this. There’s no about page. No contact email that works. No corporate address you can verify. Even the domain registration details are hidden behind privacy services, a red flag that’s almost universal among scam platforms.
Compare that to Binance, Coinbase, or even smaller regulated platforms like Kraken. They publish their legal entities, their compliance teams, their audit reports. My1Ex.com doesn’t even pretend to.
Zero Trading Volume, Zero Liquidity
CoinMarketCap lists My1Ex.com, but here’s the catch: it shows no trading volume. Not $10,000. Not $100. Nothing. CoinMarketCap’s own rules require exchanges to show real, verifiable volume to stay listed. If an exchange has zero volume, it either doesn’t exist-or it’s faking everything.
Users on Revain.org reported fake trading pairs. One person said they saw an ETH/USDT pair with $50,000 in reported volume-but when they checked the order book, there were no buy or sell orders at all. That’s not a glitch. That’s a lie.
Withdrawals Don’t Work
Every single one of the seven verified user reviews on Revain.org mentions failed withdrawals. Not one. Not two. All seven.
One user withdrew 0.5 BTC on August 17, 2024. They waited 14 days. Nothing arrived. No response from support. No explanation. Another user reported their account was frozen after submitting KYC documents-then vanished from the platform entirely.
That’s not bad service. That’s theft.
No Security, No Audits, No Safety Nets
Top exchanges use cold storage for 95%+ of user funds. They get third-party audits. They publish reserve proofs. My1Ex.com? Nothing. No mention of hot vs. cold wallets. No proof of reserves. No insurance fund. No security roadmap.
Even exchanges that got slammed for security flaws-like Binance in 2024-still had a $100 million SAFU fund. My1Ex.com doesn’t have a single dollar publicly accounted for.
And it’s not just missing features. It’s missing everything that makes an exchange trustworthy.
Not Listed on CoinGecko
CoinGecko lists over 650 exchanges as of 2025. My1Ex.com isn’t one of them. Why? Because CoinGecko has stricter verification standards than CoinMarketCap. They require active volume, verified team members, and documented security practices. My1Ex.com fails all three.
If a platform isn’t on CoinGecko, it’s not just obscure-it’s excluded from the ecosystem of serious traders and institutional investors.
Zero Regulatory Compliance
As of 2025, 92% of major exchanges hold some form of license-MiCA in Europe, BitLicense in New York, or registration with FinCEN in the U.S. My1Ex.com appears in zero regulatory databases. No license. No oversight. No accountability.
That means if your funds disappear, you have no legal recourse. No government agency will help you. No ombudsman will mediate. You’re completely on your own.
Users Are Warning Others
The reviews on Revain.org are unanimous: 100% negative. Three users called it a scam. Two said they couldn’t withdraw. Two said the trading data was fake. No one said anything good. Not one.
Compare that to Kraken, with over 15,000 reviews and a 4.7/5 rating. Or Gemini, with 4.6/5 from thousands. My1Ex.com’s 1.5/5 isn’t just bad-it’s a warning sign written in blood.
No Support, No Community, No Future
Try contacting support. You won’t get a reply. Users reported waiting over 72 hours with zero response. Coinbase’s average response time? Two hours.
There’s no Telegram group. No Discord server. No Reddit community. No GitHub repo. No YouTube tutorials. Nothing. Real exchanges build communities. Scams vanish the moment they take your money.
What Happens If You Use It?
Here’s the likely outcome:
- You deposit crypto-BTC, ETH, or stablecoins.
- You try to trade. The order book is empty. The prices are fake.
- You try to withdraw. The system says ‘processing’ for days.
- You email support. Silence.
- Your account gets suspended-maybe for ‘suspicious activity’-with no explanation.
- Your funds are gone. Forever.
This isn’t speculation. This is what seven real people experienced.
There Are Better Options
You don’t need to risk your money on My1Ex.com. There are dozens of reliable, regulated exchanges with real volume, real support, and real track records.
If you’re in New Zealand, Australia, or Europe, platforms like Independent Reserve, Kraken, or Bitstamp are licensed and audited. In the U.S., Coinbase and Gemini are fully compliant. Even smaller players like KuCoin or Bybit have transparent operations and active communities.
Why gamble with a platform that has zero credibility when you can use one with proven safety?
Final Verdict: Avoid Completely
My1Ex.com isn’t a failed exchange. It’s a warning. It has no transparency. No liquidity. No security. No support. No future. And every single user who tried it lost money.
If you see it pop up in a Google search or a Telegram group, walk away. Don’t click. Don’t register. Don’t deposit a single satoshi.
This isn’t a review about pros and cons. There are no pros. Only risks. And those risks are fatal.
This is the most thorough takedown of a crypto scam I've seen in years. Every point is nailed. No fluff. Just cold hard facts. If you're reading this and still thinking about signing up, you're already in danger.