PlusToken is one of the latest and largest Ponzi schemes ever recorded in the crypto world. The scam conducted most of its marketing campaign via the Chinese messaging app, WeChat, by enticing investors with the prospect of generating 10-30% monthly returns on investment. PlusToken attracted over 3 million investors, a majority of which were located in China, South Korea and Japan. The entire business model of the project centered around crypto literacy and a wallet service.

The operators were unknown developers headed by an individual named Satao Nakamoto, which is obviously a pseudonym. Investors had to purchase BCC tokens, lock them on the platform and wait while trading bots used their locked funds to trade. The team behind Decoin is made up of respected fintech professionals and blockchain experts that had one common goal when launching the exchange. They wanted to bring out the most transparent and innovative crypto exchange with a security system that is state-of-the-art.

Decoin Exchange Review 2023: Security, Fees & Special Features

Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently. According to Kerala Police, EOW, Nishad K and his team collected a minimum of INR 15K from every investor https://cryptolisting.org/ and managed to onboard around 11 Lakh people, primarily from India. For every investment worth INR 15K, he had promised a daily return of INR 270 or 4.4x profit. Additionally, 10%-40% benefits were also promised for every successful referral. To withdraw funds from your wallet, simply hover over Wallets in the main menu, and click Withdraw.

As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. Decoin has included a great trading tool for active day traders on the home page of the exchange. At the top of the coin list, you will find the top gainers and losers of the day. Here is where you will find the most volatility of the day as the coin listed here have made some big moves and they are more likely to keep moving. Through the top gainers and losers tool, you will find coins that are exploding in price or have recently made a crazy dip which calls for some great day trading opportunities.

Buying/Selling Dekado On Cryptocurrency Exchanges

The Decoin exchange is now home to several thousand daily traders who executes great trading through advanced technology in an easy-to-use environment. The exchange provides a good mix of beginner-level design with professional trading tools that advanced traders will find useful and interesting. If you think your account size is too small or that your gains are not enough to generate a good profit you should try the leveraged tokens on Decoin.

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. If Dekado Coin is doing any of these things to avoid releasing your funds, contact our experts today. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote.

Decoin is a social cryptocurrency exchange led by a team of true blockchain experts, crypto industry veterans, and fintech professionals. The team launched the platform with a common goal to create the most transparent and innovative social ecosystem for their traders. With a touch of great security features, a beginner-friendly user interface, pro social trading platform, staking mechanism, and advanced tools for seasoned cryptocurrency traders. No matter if you are new to crypto trading or if you have years of experience, Decoin is an exchange you need to try out if you are into new technology.

Price performance

There are plenty of more surprises hidden on the platform once you create an account and log in, so to find out exactly what makes Decoin tick I recommend that you read through the full review before you start. Crypto Ponzi schemes are crypto investment frauds that pay existing investors with funds collected from new investors. Average investors do not fully understand the technology that crypto uses or how to evaluate a cryptocurrency as a sound investment. In the 1920s, Ponzi promised investors a 50% return within a few months for what he claimed was an investment in international mail coupons. Ponzi used funds from new investors to pay fake “returns” to earlier investors.

• Here is where you will find the most volatility of the day as the coin listed here have made some big moves and they are more likely to keep moving.
• Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources.
• Onecoin is perhaps the longest-running Ponzi scheme ever witnessed in the crypto industry.

A nice project and certainly deserves more interest by investors.lets hope the dev stays onboard and keep this community ontrack and everything working well. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Platforms who are not registered with or regulated by a regulatory organization are considered unregulated. Dekado Coin allows you to contact them through telephone contact and email.

Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review. The native currency of the exchange is called DECOIN, or DTEP, and can be purchased on Decoin itself, Bitrue, VinDAX, and Cat.Ex. This platform is perfect for beginners with limited trading or investing experience online. There are currently 0 Dekado coins circulating out of a max supply of 0. Congratulations to all DEKADO team for such great genuine performance in such reverse market.

Why Decoin

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Decoin Withdrawal Fee

But when a global user base, especially from India, Indonesia, the Netherlands and the African continent, came on board soon after the launch, the website went down. People could no longer access their accounts on the website Dekado.io. The DTEP coin is created by the Decoin crypto exchange and has several useful aspects to it for members of the platform. Now your new digital asset will show up in your wallet on the Decoin exchange. From here you can choose if you want to use them in the social trading pit, leverage trading, or if you want to use the spot markets to day trade. The main trading feature of the Decoin exchange is the DTrade platform.

It is a social crypto copy trading platform with a whole aspect of combining trading and a live view of how professionals actually trade. The DTrade platform lets you watch, follow, and copy top traders live, something that I have never seen before. If you are interested in new trading technologies, top-level security protocols, easy-to-use platform design, and several hundreds of markets to trade, then Decoin might be your next go-to exchange. If you are into altcoin trading you will definitely enjoy Decoin due to the number of new coins that get listed where some of the coins are fresh on the market which calls for some extra upside potential. With such lack of information and Dekado Coin being unregulated, funds are not safe.

Security of funds is a huge problem with unregulated investment platforms. A red flag that we noticed is that they are withholding dekado coin vital information to users. Theycould go bankrupt from one day to another since there are no banking information about them.

You’d better stay far away from unregulated entities and trade with regulated platforms only. Dekado Coin is an unregulated investment platform similar to BitConnect, which we reviewed earlier. Problem with unregulated investment platforms is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. At the height of the Bitconnect fraud, Michael James and Raymond Weil launched a similar staking scheme, promising up to 50% monthly returns for holding its all-new token Regal Coin.

The website did not even publish any company’s physical address or an email ID for contact. There are plenty of special features on Decoin and in this section of the review, I would like to highlight a couple of them that makes Decoin stand out against similar platforms. Some of the most important features are multicharts, DTrade social platform, the native DTEP coin, fiat on-ramp, cold storage wallets, leveraged trading products, and top gainers and losers. The main thing that I think sets Decoin apart is the fact that the team behind this project has done a good job in terms of platform design, security, and most important part, trading features. It’s the first time I see a social crypto exchange that offers this kind of live experience.