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.
One must question the epistemological foundations of such a review. Are we certain that absence of evidence constitutes evidence of absence? Perhaps My1Ex.com operates under a decentralized governance model invisible to Western regulatory paradigms
lol people still fall for this stuff why do you think they call it crypto dumbasses you think some guy in a basement is gonna give you your btc back after you deposit it its a trap plain and simple
I lost $8K on this platform last year 😠I thought I was being smart trading altcoins... then one day the site just went silent. No emails answered. No Telegram replies. Just... gone. Don't be me.
Thank you so much for writing this!! I was literally about to deposit some ETH after seeing a Reddit ad... I'm so glad I read this first. You saved me from a disaster. I'm sharing this with everyone I know!!
I've been warning people about My1Ex for months. I even made a YouTube video. I got 12k views. And what happened? I got banned from three crypto Discord servers. Why? Because the scam promoters are everywhere. They're paid. They're organized. And they hate truth.
You know what's worse than losing money? Losing trust. This isn't just about crypto. It's about how easy it is for people to be manipulated when they're excited about something new. We need more voices like this. Keep speaking up.
The lack of regulatory compliance is the most damning factor. In the UK, FCA registration is mandatory for any entity offering crypto services. My1Ex's absence from all global registries isn't an oversight-it's a criminal indicator. This is not an exchange. It's a shell corporation designed for asset extraction
I used to think maybe there was a misunderstanding. Maybe the site was just poorly run. But after reading this? No. This is deliberate. Every red flag is intentional. They want you to think it's real until it's too late.
The zero liquidity point is critical. If an exchange can't even show order books with depth, it's not a market-it's a simulation. The fake volume data is a psychological trap to mimic legitimacy. Behavioral economics shows users equate activity with safety. This exploits that bias directly.
I'm a US veteran and I've seen scams before. This one is worse than the Nigerian prince emails. At least those were obvious. This one looks legit until you try to get your money out. Then you realize you've been played by people who know exactly how to exploit hope. I'm reporting this to the FTC right now
I run a small crypto education channel. I get DMs every day from people asking if My1Ex is safe. I used to say 'be careful.' Now I just send them this post. It's the only response needed. No sugarcoating. No maybe's. Just facts. Thank you for making this so clear.
I appreciate the detail here. It's rare to see such a well-structured breakdown. Most people just say 'don't use it.' This explains why. That makes it way more powerful.
If you're reading this and you're scared because you already deposited... you're not alone. Reach out to the Revain.org community. They've helped people recover documentation to file with authorities. Don't give up. There's still a chance to document and expose them.
I'm new to crypto and I almost fell for this. Thank you for being so detailed. I'm going to bookmark this and show it to my mom. She's been asking me about 'that new crypto site' I mentioned. Now I know what to say.
The domain privacy registration is a classic indicator of malfeasance. Under ICANN guidelines, legitimate entities are required to maintain accurate WHOIS data. The deliberate obfuscation of legal identity constitutes a breach of trust and is consistent with fraudulent intent.
I don't care what anyone says. I deposited $5000 on My1Ex. I got my money back. I'm not lying. I'm not a scammer. I'm just lucky. Don't let these haters scare you. The system is rigged but I beat it. You can too.
LMAO you're the guy who posted the same thing on three different threads last week. We all remember you. You're the reason people don't trust reviews anymore. You're not lucky. You're the scammer's shill.
I withdrew $2,400 in BTC last month. Took 11 days. But it arrived. I'm not saying it's safe. But it's not all lies.
One out of seven verified reviews. That's not luck. That's a statistical outlier. The other six? All silent. All frozen. All gone. You're the exception that proves the rule.