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Do You Want to Know If Binex.io is Legitimate or a Scam Broker?
Binex.io is touted as an up-and-coming decentralized crypto exchange that will allow buying, selling, and trading of major cryptocurrency types and is issuing its own coin, BEX. They claim all holders of BEX are entitled to 70% of daily returns on the Binex.io exchange. This sounds generous, but is it for real? It’s important to take a deep dive and find out.
There Are Some Problems with Binex.io
It should be noted from the outset that, no matter how attractive Binex.io looks, it is a risky decentralized exchange. This involves peer-to-peer trading with no regulatory oversight. That means that if you lose your money, it will be harder to seek recourse. Broker Complaint Registry experts can generate a crypto investigation report and take it to the authorities, but the process is far more complicated for unregulated entities. Also, there were multiple complaints against Binex.io.The risk doesn’t seem worthwhile.
Red Flags that Binex.io Could Be a Scam Broker
- No license
- Little transparency
- Bad reviews
If You Need Fund Recovery from Binex.io Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Binex.io, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.