I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?
Unless you are dealing with a trusted exchange this is what should be expected, many exchanges fake their volume with the hope of bringing more clients to their platform but while this may work short term and they may deceive a person or two after people realize what it is happening they will immediately leave the platform for good, if you can get your tokens outside that exchange as I will not be surprised if they tried to keep them by trying to force you to go through KYC.