SouthXchange Exchange

Is SouthXchange scam or legit? SouthXchange exchange can be safe or not ? ... etc.

This is a good topic because most of the major crypto exchanges currently have a lot more or less. But for a new crypto broker and the number of small and small currency pairs, traders have to reassess to eliminate risks.

Specifically, this exchange allows the trading of 149 currency pairs

Website: www.southxchange.com

Launch date: 20-02-2015

This exchange has up to 819 virtual currency pairs for you to trade. This can be seen as a large floor. The total trading volume of the exchange in the past 24 hours reached 336,683 USD, ranking 275 among 503 active cryptocurrency exchanges. Sometimes, many small brokers are established solely for the purpose of trading, blowing prices, and manipulating a few of their own cryptocurrencies. The ICO scams and illegal fundraising recently have similar characteristics.

In addition to the small number of trading currency pairs, one more point to detect whether SouthXchange is a scam, a scam or not is the website of the SouthXchange exchange. SouthXchange website address is www.binance.com. Is it newly registered or has it been around for a long time? High or low website rankings? Which countries are the visitors from? If the traffic is mainly from your country but the content is entirely in a foreign language, you should be very cautious. Because maybe this virtual currency exchange is just to trick Vietnamese investors.

You can check the traffic to the SouthXchange website at the link https://www.alexa.com/siteinfo/www.southxchange.com and pay attention to the following issues:

- If SouthXchange floor has a rate of visitors from a country (Visitors by Country) is mainly from your country, but its website interface content is completely (or default) in English, you will be careful.

- If the Alexa Rank (Global Rank) of the SouthXchange floor is not in the top 50,000, it proves that this floor is relatively small, the number of visitors is small, there are not many investors participating, the short-term risk is very liquidity. low, the long-term risk is low floor turnover, easy assets that cannot be withdrawn and turn into a scam, or easy to be used as a manipulator to pump garbage coin prices.

Psychology is very important in the success of cryptocurrency trading. For peace of mind, you should open accounts at large and reputable exchanges, such as the SouthXchange exchange (the largest cryptocurrency exchange in the world, top 1 trading volume, fast liquidity, favored by world traders)

↣ If you do not have a Binance trading account, click here to open a account