How do you check if an exchange is doing fake volume? and can you suggest any other smaller exchanges that are known to be stable and truthful? Thanks
There is a very simple way to check it, just go to their biggest volume of the day when you are checking it and then look at their transaction history.
You will see a lot of trade off the order books, look at this for example
https://www.dcoin.com/currencyTrading/IOST_USDT/the latest buy order is 0.00418041 USDT while the sell order is 0.00431696 but if you are looking at their history, you will see a lot of transaction at 0.00425473, 0.00425587
18400.00 and the rest.
a small exchange that is stable and truthful is Idex.