Safety and scamsBeginner
Fake exchanges and trading apps
Websites or apps that look like a real exchange but only exist to collect deposits.
- What it means
- The balance on screen grows fast, but withdrawals fail or need another deposit or "fee" first, and the money is usually gone.
- What to watch
- Links from ads or chats, unusually high returns and blocked withdrawals; check the official domain and whether the platform is in the ESMA MiCA register.
- How Compass-Alpha uses it
- The MiCA check in the tax overview shows whether your exchange holds an EU licence.
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