🧨 Crypto Exchanges to Avoid in 2025

🚩 Introduction

While crypto continues to grow, not every exchange deserves your trust. Some platforms have a long history of shady practices — from fake trading volume to delayed withdrawals or even vanishing funds.

Here are the top crypto exchanges to avoid in 2025, based on community feedback, user reports, and industry red flags.

🔻 1. CoinTiger

• Known for: Wash trading, fake volume
• User complaints: Unresponsive support, unexplained delistings
• Community verdict: Often flagged on Reddit as unsafe

🟥 Avoid this exchange unless you’re willing to risk being exit-scammed.

🔻 2. LATOKEN

• Known for: Pay-to-play token listings, poor transparency
• Common issues: Wallet delays, shady promotions
• Reputation: Projects and traders alike report being burned

🟥 Not recommended for serious traders or legitimate crypto projects.

🔻 3. P2B (formerly P2PB2B)

• Known for: Fake trading activity, bot-filled order books
• Reports of: Withdrawal issues, ghost support team
• Verdict: Consistently rated among the least trusted platforms

🟥 Stay far away — too many red flags to ignore.

🔻 4. Yobit

• Known for: Random “airdrops”, pump/dump coins
• Problems: Suspicious token behavior, inactive support
• User experience: “Feels like the Wild West of crypto exchanges.”

🟥 Old-school doesn’t mean trustworthy.

🔻 5. Coinsbit

• Known for: Free token promotions, poor interface
• Complaints: Frozen withdrawals, locked balances, aggressive upselling
• Credibility: Projects warn of manipulation

🟥 Use only if you’re testing with dust.

❌ Bonus: Former Problematic Exchanges

These platforms were previously active, but have shut down or lost user trust:

• Hotbit – Shut down in 2023 after multiple legal issues
• Coinbit (Korea) – Raided for wash trading
• EXMO – Suffered a critical hack and trust never recovered

🧭 How to Choose a Trusted Exchange Instead

✅ Stick with platforms that are:

• Well-known (e.g., Bybit, BingX, Bitget)
• No-KYC friendly (optional onboarding)
• Transparent with liquidity, support & audits
• Listed on Coingecko / CoinMarketCap with good trust scores

🔐 Want to Trade Safely?

We’ve ranked the Top 5 Trusted No KYC Crypto Exchanges of 2025
👉 Check them out here
Get up to $4,000+ in bonuses with no KYC required.