Is PCEX Exchange a trustworthy platform or just another scam? While it allows trading of digital currencies like Bitcoin and Ethereum, there are growing concerns about its safety, with several red flags suggesting potential risks.
PCEX Exchange Review
Lack of Regulation
Legit exchanges are registered with financial authorities like the FCA or ASIC. PCEX Exchange has no proof of such approval, and the FCA has flagged it as a potential scam. This leaves users without legal protection.
Inconsistent Dates
PCEX claims its privacy policy was created in May 2023, yet the domain was only registered in August 2024. This discrepancy raises doubts about the platform’s legitimacy.
Website Creation
A reliable crypto exchange should have a secure site. PCEX’s website has poor design, bad grammar, and appears amateur.
Unrealistic Claims
The platform boasts handling 300,000 transactions per second with millisecond response times, an unrealistic claim for a new exchange without solid proof or infrastructure.
Registration Certificate
PCEX claims to be legally registered, but the provided certificate looks blurry and with the name seemingly pasted onto an existing document.
What To Do To Avoid Any Online Scam
If you suspect a scam on PCEX Exchange platform, act fast. Stop all transactions, and avoid sending more money or sharing personal details.
Contact your bank or payment provider to report the issue and see if recent transactions can be reversed.
Document everything—screenshots, transaction details, and messages—for any legal action or reports.
Finally, share your experience on forums and review sites like Trustpilot and Reddit to help warn others. Taking these steps can protect you and others from future scams.