Post
Topic
Board Trading Discussion
Re: Is BaseFEX derivatives exchange still active and working for everyone?
by
naturecollision
on 23/08/2021, 15:51:18 UTC
yeah, weird, I read all the accusations so far, seems like most of them are solved, some people tried to take advantage of this rather new low volume exchange in its beginnings, others seem to not have posted bitcoin tx IDs for their accusations - all in all it's hard to tell, then one mentioned the exchange is probably filling trades with their own money, which would be ludicrous, as if it goes wrong, they may end up bankrupt before the exchange really takes off..

will try to contact them in the following days, anyways I took all kinds of screenshots and proof of my assets there, and I only did 1 trade which got filled (a long) then barely even visited the site. I just went there cause bybit introduced kyc and I don't need that, basically just opened the same size position. if it's all gone, I know some people who can investigate and get back what they owe, but no rush so far.

it's funny cause the website itself and the trading engine seems a-ok, it's quick, lean, lots of security features including 2fa, what more could you want. but then if they provide liquidity out of their own pockets, meh, could end bad in a low liquidity environment. bad for whom though?

will keep you folks updated..