Post
Topic
Board Exchanges
Re: OKex and many more faking trading volumes / wash trading
by
ylnar123
on 21/03/2018, 21:24:22 UTC
I've always found it suspicious when looking at their volumes compared to other large exchanges such as binance. What would be the reason behind faking volume from a business's perspective? and how does that make a difference to us as the users?
large trading volume will attract some people to make a purchase there. Sometimes they make a fake wall to increase the volume.
Always be careful with the exchanger, I make sure the safest place is your wallet, and you have full access to your own wallet.

That is the best way to avoid those fake exchanges, to hold your stocks is to have a wallet and that is the most secured place for your coins. We just have to make sure that we keep our private keys away from those fake exchanges.