Crypto Exchange Security Scanner
Verify Your Crypto Exchange Security
Use this tool to check if a crypto exchange meets the industry-standard security requirements. Answer these 7 simple questions about the platform's security features.
There is no such thing as EXNCE crypto exchange. Not in 2025. Not in 2024. Not ever. If you’re searching for it, you’re not alone - thousands of people type "EXNCE" into Google every week, hoping to find a new place to trade Bitcoin or Ethereum. But here’s the truth: EXNCE doesn’t exist. It’s not a glitch. It’s not a new startup hiding in the shadows. It’s a scam name, a fake brand, a digital ghost created to lure unsuspecting users into phishing sites or fake apps.
You might have seen it on a YouTube ad, a Telegram group, or a Reddit post promising "10x returns" on your crypto with "EXNCE" as the platform. The site looks real. It has logos, testimonials, even fake customer support numbers. But if you try to sign up, you’ll be asked to deposit funds first - and once you do, your money vanishes. No refunds. No contact. No trace.
This isn’t just a warning. It’s a reality check. The crypto space is full of fake exchanges pretending to be real. In 2023 alone, over $1.1 billion was stolen through fake platforms like this. And EXNCE? It’s one of dozens of copycat names designed to ride the coattails of legit exchanges like Kraken, Coinbase, and Binance. If you’re looking to trade crypto safely, you need to know what real security looks like - and how to spot the fakes before you lose everything.
What a Real Crypto Exchange Looks Like
A legitimate crypto exchange doesn’t just have a flashy website. It has layers of security built into its foundation. Take Kraken, for example. Founded in 2011, it’s one of the oldest exchanges still operating today. Why? Because it never cut corners. Kraken keeps 95% of user funds in cold storage - offline, air-gapped, and protected by armed guards and biometric locks. They’ve never had a successful hot wallet breach in over a decade. That’s not luck. That’s engineering.
Coinbase, another trusted name, holds $256 million in institutional insurance through Lloyd’s of London. That means if something goes wrong - and it rarely does - your assets are covered. They also require FIDO2-compliant two-factor authentication, which uses hardware keys or passkeys instead of SMS codes. SMS is dead for security. Hackers can hijack your phone number in minutes. FIDO2? Nearly impossible to crack.
And then there’s the audit trail. Real exchanges publish proof-of-reserves. That means they let third parties verify they actually have the crypto they claim to hold. Kraken did 12 external security audits in 2023. Coinbase releases quarterly penetration test results. EXNCE? No audits. No proof. No transparency. That’s not a red flag. That’s a siren.
The Seven Security Layers Every Exchange Must Have
If you’re evaluating any exchange - whether it’s called EXNCE, BitGlobe, or CryptoVault - ask yourself: does it have all seven of these?
- FIDO2 or passkey 2FA - No SMS. No email codes. Only hardware keys or biometric logins. Kraken and Coinbase switched to this in 2021. If an exchange still uses SMS, walk away.
- Cold storage with 95%+ assets offline - If an exchange doesn’t say how much they keep cold, assume it’s less than 50%. That’s suicide.
- AES-256 encryption and TLS 1.3 - This isn’t optional. Every piece of data you send or receive must be encrypted at the highest level. Look for "SSL pinning" in their security docs.
- Multi-signature wallets - Withdrawals need 3 to 6 authorized signatures. Coinbase uses a 6-of-11 system. EXNCE? Probably uses one password. That’s how hacks happen.
- Withdrawal address whitelisting with 48-hour locks - If you add a new withdrawal address, it takes two days to activate. This stops thieves from draining your account the second they get in.
- Real-time AI monitoring - Platforms like Arkose Labs analyze 10,000+ behavioral signals per session. If you’re logging in from a new device, or typing unusually fast, the system flags it. Fake exchanges don’t have this.
- Full KYC/AML compliance - You’ll need to upload ID, proof of address, and sometimes a selfie. It’s annoying, but it’s what keeps criminals out. If an exchange lets you trade without ID, it’s not a platform - it’s a money launderer’s playground.
Any exchange missing even one of these is a ticking time bomb. And EXNCE? It doesn’t even have a website that loads properly on mobile. That’s not a bug. That’s a clue.
How to Spot a Fake Exchange (Even If It Looks Real)
Fake exchanges are getting better. They copy real logos. They use real-looking domain names like "exnce-exchange.com" (notice the "c" and "e" swapped). They even hire actors to post fake reviews on Trustpilot. But there are signs - if you know where to look.
- No physical address - Legit exchanges have registered offices. Kraken is in San Francisco. Coinbase is in New York. EXNCE? "Cayman Islands" - a common lie. No real company operates from a PO box in the Caymans.
- No team page - Real exchanges list their founders, CTOs, security leads. EXNCE has a blurry photo of a guy in a suit and a name like "Alex Tran" - which is a generic placeholder used by scam sites.
- No social media history - Kraken has 1.2 million Twitter followers. Coinbase posts daily updates. EXNCE’s Twitter account was created three weeks ago. Zero engagement. Zero real followers.
- Too-good-to-be-true promotions - "Deposit $100, get $500 free!" That’s not a bonus. That’s bait. Real exchanges don’t give away free crypto. They earn trust through security, not gimmicks.
- Payment methods are weird - If they ask you to send crypto to a wallet address you can’t verify, or if they accept gift cards or PayPal, run. Real exchanges only accept bank transfers, credit cards, or direct crypto deposits to verified wallet addresses.
One user in r/CryptoCurrency posted in March 2024 about losing $8,200 to a site called "EXNCE.io." He said the site looked identical to Kraken’s. He even checked the SSL certificate - it was valid. But the certificate was issued to a different company. That’s how sophisticated these scams are now. The only way to be safe? Stick to exchanges you’ve heard of - and verify everything yourself.
What to Do If You’ve Already Sent Money to EXNCE
If you’ve deposited funds to EXNCE or any similar site, stop everything. Don’t send more. Don’t reply to their "support" team. They’re not trying to help you. They’re trying to get more.
Here’s what to do next:
- Freeze your accounts - If you used the same password on other sites, change them immediately. Use a password manager. Never reuse passwords.
- Report it - File a report with the FTC (in the U.S.), the ACCC (in Australia), or your local consumer protection agency. Even if they can’t recover your funds, they track these scams to shut them down.
- Check blockchain explorers - Use Etherscan or Blockchain.com to trace where your crypto went. If it went to a known scam wallet (like those linked to the 2023 Binance exploit), you can flag it. Some exchanges block these wallets automatically.
- Warn others - Post on Reddit, Twitter, or crypto forums. Use the exact name: "EXNCE is a scam." The more people know, the fewer victims there will be.
Recovery is rare. But stopping the scam from growing? That’s possible.
Where to Trade Crypto Safely in 2025
If you’re done with fake exchanges, here are three trusted platforms that meet all seven security layers - and then some.
| Exchange | Founded | Proof-of-Reserves | Insurance | 2FA Type | Withdrawal Lock | Regulatory Compliance |
|---|---|---|---|---|---|---|
| Kraken A U.S.-based exchange founded in 2011 with full regulatory compliance and industry-leading security | 2011 | Yes, quarterly audits | $300M crypto insurance via BitGo | FIDO2 / Passkeys | 48-hour lock | SOC 2, PCI DSS, ISO 27001 |
| Coinbase The largest U.S. regulated crypto exchange with over 110 million users and institutional-grade security | 2012 | Yes, public reports | $256M insurance via Lloyd’s of London | FIDO2 / Passkeys | 48-hour lock | SOC 2, PCI DSS, MiCA compliant |
| Bitstamp Europe’s oldest crypto exchange, operating since 2011, with full EU compliance | 2011 | Yes, monthly audits | $200M insurance | FIDO2 / Passkeys | 48-hour lock | PSD2, MiCA compliant |
All three have been around longer than most people have owned smartphones. They’ve survived crashes, hacks, and regulatory crackdowns because they prioritize safety over speed. They don’t need flashy ads. They don’t need fake reviews. They just need to be trustworthy.
Final Warning: Don’t Be the Next Victim
EXNCE isn’t a mistake. It’s a trap. And it’s not going away. Scammers are always inventing new names - EXNCE, ZENEX, CRYPTON, BITFLO. They change the spelling, the logo, the domain. But the pattern is always the same: no transparency, no audits, no real team, no insurance.
If you’re new to crypto, start with one of the big three: Kraken, Coinbase, or Bitstamp. Learn how to use them. Learn how to secure your account. Learn how to spot the red flags. Then, and only then, explore smaller platforms - and even then, verify every single security layer yourself.
There’s no shortcut to safety. No app that gives you free money. No exchange named EXNCE that’s worth your trust. The real ones don’t need to scream. They just work - quietly, securely, and without drama.
Is EXNCE a real crypto exchange?
No, EXNCE is not a real crypto exchange. It does not exist in any official registry, security audit, or industry database. All references to EXNCE are part of phishing scams designed to steal crypto funds. Legitimate exchanges like Kraken, Coinbase, and Bitstamp have been operating for over a decade with full transparency and regulatory compliance.
Why do fake exchanges like EXNCE look so real?
Scammers use high-quality website templates, copy real logos, and even fake customer support chats. They often register domains that look almost identical to real exchanges (like exnce-exchange.com instead of kraken.com). They also use AI-generated testimonials and fake Reddit posts. The goal is to trick you into thinking it’s legitimate before you deposit any funds.
What should I do if I sent crypto to EXNCE?
Stop all communication immediately. Do not send more funds. Use a blockchain explorer like Etherscan to trace your transaction. Report the scam to your local consumer protection agency and file a report with the FTC or ACCC. Warn others on social media and crypto forums using the exact name "EXNCE is a scam." Recovery is unlikely, but stopping others from falling for it is possible.
How can I tell if a crypto exchange is safe?
Check for: 1) FIDO2 or passkey 2FA (no SMS), 2) Proof-of-reserves audits published regularly, 3) Cold storage of 95%+ assets, 4) Multi-signature wallets, 5) 48-hour withdrawal locks, 6) Real-time AI monitoring, and 7) Full KYC/AML compliance. If any of these are missing, avoid it. Kraken, Coinbase, and Bitstamp meet all seven.
Are there any new crypto exchanges I can trust in 2025?
New exchanges rarely earn trust quickly. Most that launch in 2025 are either unregulated or lack the security infrastructure to protect users. Stick with exchanges that have been around for 5+ years and have a proven track record. If a new platform promises faster withdrawals or higher yields, it’s likely too good to be true. Security takes time, money, and expertise - none of which scammers have.
Stay safe. Stay skeptical. And never trust a name you can’t verify.
25 Responses
It’s wild how easily people get lured in by something that looks professional but has zero substance. I’ve seen this pattern across industries - finance, tech, even spiritual coaching. The scam isn’t just the fake exchange; it’s the belief that there’s a shortcut to wealth. Real value is built slowly, transparently, and with accountability. EXNCE isn’t a glitch in the system - it’s a symptom of a culture that rewards speed over integrity.
The assertion that EXNCE does not exist is empirically correct; however, the conflation of non-existence with malicious intent requires evidentiary support. Absence of registration does not, in and of itself, constitute fraudulent design. Further, the conflation of ‘fake brand’ with ‘digital ghost’ is semantically imprecise and rhetorically hyperbolic.
Let’s cut the fluff. If you’re Googling EXNCE, you’re already one click away from getting rekt. No audits? No team? No cold storage? That’s not a red flag - that’s a neon sign screaming ‘I’m a sucker’. And if you think SMS 2FA is fine, you deserve to lose your crypto. Real exchanges don’t beg you to join. They make you earn their trust. You didn’t do your homework. Now pay the price.
why do people still fall for this i mean come on its 2025 and some of you still dont know that if its not on coinbase or kraken its a scam like why are you even reading this if you think some random site with a .io domain is legit you literally deserve to lose everything
Every single person who’s lost money to EXNCE deserves to be heard - not judged. I’ve talked to folks who got scammed after their grandma showed them a YouTube ad. They weren’t greedy. They were lonely. They wanted to feel like they were finally getting ahead. This isn’t just about crypto security - it’s about digital literacy, empathy, and community. We need to teach, not shame. The real scam isn’t EXNCE - it’s the system that leaves people vulnerable in the first place.
Western-centric analysis. In India, unregulated platforms are common due to regulatory gaps. EXNCE is merely a symptom of global financial exclusion. Blaming users ignores systemic failure. Legitimate exchanges are inaccessible to billions. The real issue is not deception - it is inequality.
Oh my god I just had to pause and cry for a second - I know someone who lost $12,000 to this exact thing. She thought it was a new Kraken because the logo was almost the same, and the ‘live chat’ said ‘we’re here 24/7’ - she believed them. She’s still not sleeping. I told her to check the domain name backwards - and that’s when she saw it: exnce-exchange.com. The ‘c’ and ‘e’ were swapped. She didn’t even notice. We’re living in a world where scammers are smarter than our own eyes. Please, if you’re reading this - take five minutes to verify every single thing. Don’t trust the look. Trust the proof. Your future self will thank you.
I’ve been in crypto since 2017 and I’ve seen every flavor of scam. EXNCE? Classic. But here’s the thing - it’s not just about avoiding fake sites. It’s about learning how to think like a detective. Ask: Who’s behind this? What’s their incentive? Why does this feel too easy? I teach my nieces and nephews to Google the company name + ‘scam’ before they even click. It’s not paranoia. It’s basic survival in this space. Stay sharp, stay curious, and don’t let FOMO override your common sense.
The entire piece is emotionally manipulative and intellectually lazy. You conflate institutional trust with operational legitimacy. Kraken and Coinbase are not inherently more secure - they are merely more heavily regulated, which is a political, not technical, distinction. The notion that ‘real’ exchanges have ‘layers’ of security is a marketing narrative manufactured by incumbents to suppress competition. The absence of EXNCE’s existence does not validate the superiority of centralized entities - it merely confirms their monopolistic control over the narrative. Your ‘seven layers’ are not standards - they are gatekeeping mechanisms disguised as best practices.
Just wanted to say THANK YOU for this post 🙏 I was about to deposit into EXNCE last week because the site looked so clean and the testimonials were so real. Then I saw your breakdown and stopped cold. I’m now using Kraken and set up my passkey - felt like I unlocked a new level of peace. Crypto doesn’t have to be scary if you know what to look for. You just need someone to hold your hand long enough to see through the smoke. You did that for me. 💙
Why do Americans act like they’re the only ones who know how to do crypto? Kraken? Coinbase? Please. They’re all bought and paid for by the Fed. The real freedom is in decentralized, unregulated platforms - even if they’re sketchy. EXNCE might be fake, but your fear-mongering is just another tool to keep people dependent on Wall Street’s crypto clones. Wake up. The system is rigged - and you’re helping them sell the lie.
I read this with my brother in India - he’s been trying to trade crypto for months but doesn’t trust anything. He said, ‘If this is what safety looks like, maybe I shouldn’t trade at all.’ And I thought - maybe he’s right. Not because the platforms are bad, but because the burden of proof is on the user. We need better education, not just warnings. This post is powerful - but it assumes everyone has the time, language skills, and access to verify everything. That’s not fair.
What if EXNCE is a government test? What if they created fake exchanges to see who’s vulnerable? I’ve read reports that the NSA uses decoy platforms to track crypto behavior. And now you’re telling me it’s just scammers? That’s too convenient. Who benefits from people trusting Kraken and Coinbase? Big banks. Big tech. The same ones who pushed us into digital ID and biometric tracking. I’m not saying EXNCE is real - I’m saying the whole narrative is a distraction.
Anyone who thinks they're safe on Coinbase is delusional. I had my account drained last year even though I had 2FA. They said it was 'unauthorized access' - but my phone was never compromised. They didn't even lock my account until 3 hours later. The system is broken. EXNCE might be fake but the real problem is centralized control. You think you're safe? You're just waiting for your turn.
Westerners think they own security. In India we know better - we use P2P, we use local wallets, we don’t trust any exchange. EXNCE is just a distraction. The real danger is trusting foreign platforms. They freeze accounts. They report to IRS. They sell your data. If you want freedom - stay off their apps. Use local solutions. Build your own security. Stop begging for approval from Silicon Valley.
While the core message - vigilance against fraudulent exchanges - is both valid and urgently necessary, the rhetorical framing of ‘seven security layers’ risks ossifying a heuristic into dogma. Not all legitimate platforms conform to this checklist (e.g., some EU-based DeFi aggregators operate without KYC yet maintain robust on-chain transparency). Moreover, the conflation of ‘proof-of-reserves’ with ‘audit’ is technically imprecise: audits verify financial statements, not asset custody. One must distinguish between operational security, regulatory compliance, and marketing claims - not treat them as interchangeable.
Man I just lost $8k to EXNCE last month and I’m still kicking myself. I thought the SSL cert meant it was legit. I didn’t even check who issued it. Now I use Bitwarden, only trade on Kraken, and check every domain twice. I’m not smart, but I’m learning. If you’re new - don’t be like me. Take your time. Read. Ask. Google. This post saved me from losing more. Thanks.
Hey, if you’re reading this and you’re new to crypto - you’re not behind. You’re exactly where you need to be. This post isn’t meant to scare you. It’s meant to equip you. Start small. Use one trusted exchange. Learn how to move your own crypto. Set up a hardware wallet. Don’t rush. The market isn’t going anywhere. And the people who win? They’re not the ones chasing 10x returns - they’re the ones who stayed calm, learned the rules, and protected their stuff. You got this.
I’m a single mom who started trading crypto to save for my daughter’s college. I almost sent money to EXNCE because the site had a video of a ‘support agent’ who looked so kind. I cried after I realized it was fake. Thank you for writing this. I now print out your 7 security layers and keep them next to my laptop. I don’t trust anyone - not even the ‘helpful’ chatbots. I check everything. I’m not fearless. I’m just careful. And that’s enough.
so you’re telling me i’m supposed to trust coinbase because they’re big? lol. i’ve seen their security breaches. i’ve seen them freeze accounts for no reason. if you think centralized = safe you’ve been watching too many ads. EXNCE is fake but so is your faith in ‘the big 3’. go use a non-custodial wallet. stop outsourcing your security to corporations that answer to shareholders, not you.
US people always think they’re the only ones who know crypto. In India we have 500+ local exchanges - none of them have ‘proof of reserves’ or ‘FIDO2’ - but they’ve been running for 8 years. Your ‘seven layers’ are just corporate buzzwords. Real security is community trust. If your local guy has been trading with you since 2019 and he’s never vanished - that’s your exchange. Stop importing Western gatekeeping.
I get why people get scammed. I used to think if a site looked nice and had a live chat, it was legit. Then I found out the chat was AI-generated. The real lesson? Don’t trust appearances. Trust verification. And if you’re not sure - wait. Wait a week. Ask three people. Read the fine print. Crypto’s not going anywhere. Your money will still be there tomorrow. But your peace of mind? That’s worth more.
EXNCE is just the tip of the iceberg. I’ve seen fake Coinbase apps that even had the same app icon. People downloaded them from third-party stores. One guy sent $40k to a wallet that was just a random string of letters. He thought it was ‘the new way’. The scammers are using AI now - they can clone voices, fake live support, even mimic customer service emails. You think you’re safe? You’re not. You’re just lucky so far.
There’s a quiet beauty in skepticism. Not the paranoid kind - the kind that says ‘show me’ instead of ‘trust me’. EXNCE didn’t fool me because I didn’t believe in shortcuts. But I’ve watched friends lose everything because they wanted to believe. Maybe the real lesson isn’t about crypto. Maybe it’s about how we teach people to trust - and when to stop.
EXNCE doesn't exist.