My1Ex.com Crypto Exchange Review: Red Flags, Scam Warnings, and Why to Avoid It

My1Ex.com isn’t a crypto exchange you can trust - here’s why

If you’re considering using My1Ex.com to trade cryptocurrency, stop. Right now. This platform doesn’t operate like a real exchange. It doesn’t have the transparency, security, or user base of even the smallest legitimate platforms. What it does have are red flags so bright they should be flashing on every crypto forum, Reddit thread, and Telegram group.

There’s no official launch date. No team members listed. No company registration found in any public business database. No whitepaper. No terms of service you can actually read. And yet, it’s still listed on CoinMarketCap - a fact that makes no sense unless you understand how some low-effort platforms slip through the cracks.

No trading volume. No liquidity. No activity.

Real exchanges show volume. Not just numbers on a page - real, live, verifiable trading. Binance moves billions daily. Even small exchanges like KuCoin or Gate.io show tens of millions. My1Ex.com? CoinMarketCap’s page for it shows zero volume data. Not low volume. Not hidden volume. Zero. That’s not an oversight. That’s a warning sign.

CoinMarketCap updated its listing rules in 2024. To stay listed, an exchange must prove it has at least $10,000 in daily trading volume. My1Ex.com doesn’t meet that. So why is it still there? The only explanation is that it was listed years ago under older, looser rules - and no one has bothered to remove it. That’s not a feature. It’s a trap.

Users are getting scammed - and they’re speaking up

There’s one place where real people talk about My1Ex.com: Revain.org. Out of seven reviews, every single one is negative. No exceptions. No ‘it was okay once.’

• Three users called it a scam outright.
• Two reported withdrawing funds and never receiving them - one user sent 0.5 BTC in August 2024 and still hasn’t seen a cent.
• Two others noticed fake trading pairs: ETH/USDT showed $50,000 in volume, but the order book was completely empty. That’s not liquidity. That’s illusion.

And here’s the worst part: every single person who tried to contact support got no response. Not after 24 hours. Not after 72. Some waited two weeks. No emails. No chat replies. No phone calls answered. This isn’t bad customer service. This is abandonment.

No security. No regulation. No accountability

Legitimate exchanges protect your money. They use cold storage. They get audited. They hold licenses. My1Ex.com does none of these things.

It’s not listed on CoinGecko - the other major crypto data tracker that’s more strict than CoinMarketCap. It doesn’t appear in any financial regulator database: not FinCEN, not the EU’s MiCA registry, not Japan’s JFSA. No license. No compliance. No oversight.

There’s no mention of KYC procedures, withdrawal limits, or how funds are stored. No cold wallet ratios. No insurance fund. No proof of reserves. Nothing. If you deposit crypto here, you’re sending it into a black box with no receipts, no tracking, and no recourse.

You won’t find a single positive review

Let that sink in. Out of every review, forum post, Twitter thread, and Reddit comment about My1Ex.com that’s been indexed by search engines - zero positive experiences. Not one person says, ‘I made money here.’ Not one says, ‘The app works fine.’ Not one says, ‘I got my withdrawal.’

Compare that to Kraken, which has over 15,000 reviews on Trustpilot with a 4.7/5 rating. Or Coinbase, with 4.6/5 from 120,000+ users. My1Ex.com has seven reviews. All negative. All describing the same failure: your money vanishes, and no one cares.

There’s no app. No support. No education

Even the smallest crypto exchanges offer something: a mobile app, a help center, video tutorials, live chat. My1Ex.com offers nothing.

You won’t find an official Telegram group. No Discord server. No GitHub repo. No YouTube channel. No FAQ page. No API documentation. No way to learn how to use it beyond clicking buttons on a broken website.

And if you get stuck? Good luck. The few users who tried to email support got silence. No auto-reply. No ticket number. No follow-up. Just radio silence.

Why does this even exist?

This isn’t a startup trying to break into the market. This is a shell. A placeholder. A digital ghost town built to collect deposits - then disappear.

Deloitte’s 2025 report predicts 70% of unlicensed crypto exchanges will vanish by 2026. My1Ex.com doesn’t just lack a license - it lacks any sign of real operation. No trading volume. No user growth. No tech updates. No roadmap. No team. It’s not failing. It’s already dead.

The only reason it still has a website is because someone is quietly collecting deposits from unsuspecting people who Google ‘best crypto exchange’ and stumble upon a listing that looks real - until it’s too late.

What to do instead

If you want to trade crypto safely, stick to platforms with:

• Clear company registration and team info
• Real, verifiable trading volume
• Regulatory licenses (FinCEN, MiCA, etc.)
• Public audits and proof of reserves
• Active customer support and community

Examples: Coinbase, Kraken, Bitstamp, Binance (with caution), KuCoin. All of these have thousands of reviews, public records, and years of operation. None of them vanish when you try to withdraw.

My1Ex.com? Don’t even open the site. Don’t click the link. Don’t paste your wallet address. Don’t send a single satoshi. It’s not worth the risk. The data doesn’t lie - and the people who lost money already told you.

Final warning

CoinGecko warned in 2024: exchanges with no trading volume have an 87% historical correlation with scams. My1Ex.com has zero volume. That’s not a coincidence. That’s a red flag painted in neon.

There’s no ‘maybe.’ No ‘it might be okay.’ No ‘I’ll try with a small amount.’ If you send crypto to My1Ex.com, you’re giving it away. And you’ll never get it back.