|Trading Platforms||Web App|
|Minimum Deposit||0.00000001 BTC|
DueDEX is a fairly new Bitcoin margin exchange. It has been heavily promoted by several influencers within the cryptocurrency industry although remains heavily untrustworthy for a multitude of reasons. As a result, I warn you to stay away from this exchange as you are at risk of losing funds.
If you’re looking for an alternative cryptocurrency derivatives exchange like DueDEX, I urge you to check out the following exchanges.
You can also read our full reviews of these exchanges here.
What’s wrong with DueDEX?
As I have mentioned previously, there are a few red flags with the DueDEX exchange which make it highly likely to commit bad practice. Here are a few of the most important red flags.
Shady marketing tactics
There are a number of resources mentioning the messages people on Twitter received from DueDEX offering large sums of money to promote the exchange – what’s weird about this is that the language used in some of the messages is completely unprofessional (words like ‘mate’ have popped up a lot).
Direct copying from Competitors
It became apparent that DueDEX had copied information directly from other sites without even proofreading – it makes you wonder how much you can trust an exchange that acts like this – it makes you think what their security is like right?
No company details or address
There are no easily-available company details for DueDEX or even an office address – so where do you go if they go offline?
They have a company LinkedIn page which is pretty bare.
The CEO ‘Bo Wang’ doesn’t even have a real profile picture – it’s a cartoon. This makes you wonder who is really behind this exchange.
I may be a bit harsh with this review, but they are some serious red flags which need addressing in order for me to trust DueDEX. It’s not worth using the exchange right now when there are plenty of other trusted ones out there right now.
Have you used DueDEX? What’s your opinion on this exchange?