Position Exchange Scam: How to Spot and Avoid Fake Crypto Exchanges

When you hear Position Exchange, a fraudulent crypto platform that mimics real exchanges to steal user funds. Also known as PosEx, it’s one of many fake trading sites that appear legitimate until your money vanishes. These platforms don’t just disappear—they vanish after you deposit, often with no customer support, no withdrawal options, and no traceable company info. The real danger isn’t just losing money—it’s how convincing these scams look. Fake logos, fake testimonials, even fake YouTube videos pretending to be user reviews. They copy the design of real exchanges like Binance or Kraken, but everything behind the scenes is built to trap you.

Scams like Position Exchange rely on one thing: urgency. They push you to deposit fast with promises of high returns, limited-time bonuses, or exclusive access to new tokens. But real exchanges don’t pressure you. They don’t ask for your private keys. They don’t hide their team or location. Look at the posts below—you’ll see similar cases like Coinrate, RDAX.io, and AIA Exchange. All of them had the same red flags: no regulation, no transparency, no user reviews on trusted sites, and zero presence on CoinMarketCap or CoinGecko. These aren’t isolated incidents. They’re part of a pattern. Every month, new fake exchanges pop up, and every month, people lose thousands because they didn’t check the basics.

How do you protect yourself? Start with the basics. If an exchange isn’t listed on CoinGecko or isn’t mentioned in any major crypto news outlet, assume it’s fake. Check if they have a real physical address, not just a PO box. Look for independent reviews—not the ones on their own website. See if they support real payment methods like bank transfers or UPI, not just crypto deposits. And never, ever give up your seed phrase. Real exchanges don’t ask for it. If they do, you’re already in a scam. The posts below cover exactly this: how to spot fake exchanges, what to look for in a real one, and which platforms actually keep your money safe. You’ll find real reviews of exchanges like Bitget and ones you should avoid like Braziliex and RDAX.io. This isn’t theory. It’s what people have lost money on—and how to make sure you don’t end up in the same spot.