Re: Godex.io - Anonymous Crypto Exchanger ♻️ No Registration & No Limits
I've just tested this exchanger and have a few suggestions to its operator.
My 5 LTC to ETH order was executed in approximately 30 minutes which is not bad given that the exchange was made through a third-party centralized exchange Binance.
I have sent my LTC to Godex in https://litecoinblockexplorer.net/tx/7060afed8f0e350c5d1deee313701c5d5f57f0795a2658db72dc7399c512356d and received ETH from Binance in https://etherscan.io/tx/0xb349cc6119aab92f8e9c1d63a922a6aa7403667ab8341c3ac14cfb88e2a2ec74
Given that Godex.io are Binance resellers, which is an irrefutable fact because (1) it's not my first time using them and they used Binance back in 2022 and (2) at this moment they still recur to Binance even for such insignificant amounts as 5 LTC, Binance's AML and ToS apply to all Godex.io customers.
It could happen that Binance may freeze a Godex.io's customer deposit and ask for KYC and source of funds, since as seen on my screenshot, Godex.io sent my funds to Binance's LTC aggregation address LcpghLVryKAJLqh81by8cy7WNi9DUsVtHy (I have confirmed it through an blockchain investigation platform I have subscription on) before exchange was complete, which means they had to send my funds to Binance in order to get the other coin in exchange, which is proven by the payout transaction I mentioned above that also comes from Binance's Ethereum address.
I would strongly recommend Godex.io operator to update their ToS warning users about possible risks of funds suspension by Binance and refer to Binance's AML policies.
However I can tell from my own experience that if you exchange amounts below 0.5 BTC at Binance, the risk is minimal independently of your funds source, and the worst they can do is to suspend account's withdrawals, which might affect the Godex's KYCed account there.
Another thing I found a bit inconvenient is the misleading order's "Confirmation" page (shown on the screenshot above) that shows the deposit's status as "confirming by the network" meanwhile they exchange the coins on Binance. I would suggest to update the order's status to show the actual information like "We are exchanging your funds at Binance".
My 5 LTC to ETH order was executed in approximately 30 minutes which is not bad given that the exchange was made through a third-party centralized exchange Binance.
I have sent my LTC to Godex in https://litecoinblockexplorer.net/tx/7060afed8f0e350c5d1deee313701c5d5f57f0795a2658db72dc7399c512356d and received ETH from Binance in https://etherscan.io/tx/0xb349cc6119aab92f8e9c1d63a922a6aa7403667ab8341c3ac14cfb88e2a2ec74
Given that Godex.io are Binance resellers, which is an irrefutable fact because (1) it's not my first time using them and they used Binance back in 2022 and (2) at this moment they still recur to Binance even for such insignificant amounts as 5 LTC, Binance's AML and ToS apply to all Godex.io customers.
It could happen that Binance may freeze a Godex.io's customer deposit and ask for KYC and source of funds, since as seen on my screenshot, Godex.io sent my funds to Binance's LTC aggregation address LcpghLVryKAJLqh81by8cy7WNi9DUsVtHy (I have confirmed it through an blockchain investigation platform I have subscription on) before exchange was complete, which means they had to send my funds to Binance in order to get the other coin in exchange, which is proven by the payout transaction I mentioned above that also comes from Binance's Ethereum address.
I would strongly recommend Godex.io operator to update their ToS warning users about possible risks of funds suspension by Binance and refer to Binance's AML policies.
However I can tell from my own experience that if you exchange amounts below 0.5 BTC at Binance, the risk is minimal independently of your funds source, and the worst they can do is to suspend account's withdrawals, which might affect the Godex's KYCed account there.
Another thing I found a bit inconvenient is the misleading order's "Confirmation" page (shown on the screenshot above) that shows the deposit's status as "confirming by the network" meanwhile they exchange the coins on Binance. I would suggest to update the order's status to show the actual information like "We are exchanging your funds at Binance".