Scam Brokers

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PIEXGO

Singapore

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Scam Brokers

Scam Brokers|5-10 years|Suspicious Regulatory License|High potential risk
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E

Influence
E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

3
Previous Detection 2024-07-18

This Project has been verified to be illegal Project and all of its licences have been expired, and it has been listed in WikiBit's scam list; please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of 'principle of value multiplication'. In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

It has been verified that this Project currently has no valid regulation, please be aware of the risk!

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Company Name
PIEXGO
Regulatory Status
Scam Brokers
Company Abbreviation
PIEXGO
Platform registered country and region
Singapore
Phone of the company
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Overview of PIEXGO

PIEXGO is a comprehensive digital currency trading platform that was launched in 2019. It specializes in providing services related to the trading, buying, and selling of various types of cryptocurrencies. This Singapore-based platform leverages advanced technology to ensure a high-quality trading experience for its users. PIEXGO was founded by an international team of industry experts, professionals, and blockchain enthusiasts, although the founder's names are not explicitly disclosed. The platform has advanced security features, and offers a variety of digital assets trading services making it a diverse ecosystem for cryptocurrency users.

Overview of PIEXGO

Pros and Cons

Pros Cons
Variety of cryptocurrencies available for trade Details about founders not disclosed
Advanced security features Limited information about the platform's regulation
Comprehensive trading platform Lack of user reviews
International team with industry professionals Relatively new in the market

Pros:

1. Variety of Cryptocurrencies Available for Trade: PIEXGO boasts offering a wide selection of digital currencies for trading, investing, or withdrawing. This vast choice provides users with diversified cryptocurrency options to suit their diverse financial objectives and risk tolerances.

2. Advanced Security Features: To protect users' digital assets, PIEXGO deploys leading security technology. This includes multi-layered security protections, a robust risk identification system, and stringent security audits.

3. Comprehensive Trading Platform: PIEXGO is not just a simple exchange but a comprehensive platform. It offers users various services related to cryptocurrencies, such as trading, investing, and withdrawing. These services aim to meet the varied needs of the crypto community.

4. International Team with Industry Professionals: PIEXGO's team comprises industry experts, professionals, and blockchain enthusiasts from different parts of the world. Their collective knowledge and experience contribute to the offering of high-quality services on the platform.

Cons:

1. Details About Founders Not Disclosed: PIEXGO has not publicly disclosed the details of its founders or core team members. This lack of transparency may raise concerns for some potential users or investors about the credibility of the platform.

2. Limited Information About the Platform's Regulation: While PIEXGO is based in Singapore, it does not clearly state whether it is regulated by any financial authority or follows any specific compliance procedures in line with government regulations. This ambiguity may pose a risk to user investments.

3. Lack of User Reviews: There is a scarcity of user reviews online about PIEXGO's services and platform performance. This lack of reviews makes it difficult for potential users to form an informed opinion about the quality of PIEXGO's services.

4. Relatively New in the Market: As PIEXGO was established in 2019, it is relatively new in the crypto exchange market. While this doesn't necessarily suggest any weaknesses, being new can come with challenges such as establishing a strong reputation and gaining the trust of users.

Security

PIEXGO has implemented various measures designed to ensure the security and integrity of its platform and user assets. Central to these protections is the use of multi-layer security measures, which establish different tiers of defense against potential threats. This approach allows for immediately identifying and resolving potential issues before they escalate.

The platform also utilizes an advanced risk identification system, which is important for detecting unusual or potentially malicious activities in real-time. This proactive approach to risk detection allows the platform to neutralize potential threats even before they can cause harm to the system or its users.

Another key feature of PIEXGO's security infrastructure is the conduct of strict security audits. These audits are aimed at testing the platform's defenses, identifying potential vulnerabilities, and taking corrective actions where necessary.

Moreover, while the platform uses advanced security measures to ensure digital asset safety, information about the specifics is limited. This lack of transparency, as with many other crypto exchanges, is often in place to prevent giving potential malicious actors information they could exploit.

In terms of evaluation, PIEXGO appears to take the security of its platform very seriously, based on the measures it has put in place. However, it is also important for users to do their part by following best practices for online security. This includes using strong, unique passwords for their accounts, enabling two-factor authentication, and being vigilant against phishing attempts.

Security

How Does PIEXGO Work?

PIEXGO operates as a comprehensive digital currency trading platform where users can trade, buy, or sell a variety of cryptocurrencies. The platform utilizes blockchain technology to facilitate these transactions and ensure their integrity and security.

Its working process is similar to most cryptocurrency exchanges. Here's a simple step-by-step explanation of how it generally works:

1. Registration: First, users need to create an account on the PIEXGO platform. This typically involves providing some basic personal information and agreeing to the platform's terms and conditions.

2. Account Verification: Most platforms, including PIEXGO, require users' accounts to be verified for security reasons. PIEXGO uses KYC (Know Your Customer) protocols to confirm the identity of its users, which involves uploading identification documents and other relevant information.

3. Deposit Funds: Once the account is verified, users can deposit funds. PIEXGO accepts deposits in various cryptocurrencies which users can then use to start trading on the platform.

4. Trading: Now users can start trading. The platform allows users to buy or sell a wide variety of cryptocurrencies and offers different types of trades depending on users' risk tolerance and trading strategies.

5. Withdrawal: After making successful trades, users can choose to withdraw their digital assets. They can transfer these funds to their digital wallets or convert them to other types of cryptocurrency.

At every step of this process, PIEXGO uses advanced security technologies to ensure that user funds are protected and transactions are secure.

What Makes PIEXGO Unique?

PIEXGO has introduced several unique features and innovations that set it apart from other cryptocurrency trading platforms. One such feature is its XGO Plus, a digital asset with both Dividend Rights and Buyback Rights, which offers multiple benefits to holders.

In an effort to provide users with a diversified portfolio of options, PIEXGO also lists both mainstream tokens and high-quality hidden project tokens, expanding investment opportunities for its users.

Furthermore, PIEXGO has devised its own coin standard, PXG, which enables high-quality projects to be quickly integrated into its platform, reducing the time required for listing new tokens.

Lastly, the platform has a multilingual support system providing customer service in multiple languages, broadening its user base across borders and ensuring a convenient and seamless user experience.

How to sign up?

Signing up for an account on PIEXGO is a straightforward process that comprises the following steps:

1. Visit the PIEXGO website through your web browser.

2. Click on the “Register” or “Sign Up” button usually positioned in the upper right corner of the website.

3. You'll be directed to the registration page where you'll need to fill in your email address and set a password.

4. After entering these details, click on “Get Code”. PIEXGO will send a verification code to your email.

5. Check your email, obtain the code, and enter it in the designated field on the registration page.

6. Make sure to read and agree with PIEXGO's terms and conditions before clicking on the “Register” or “Sign Up” button.

7. Once done, your account should be set up and you can start trading.

In some cases, you might be required to complete the KYC (Know Your Customer) process for identity verification. This usually involves uploading personal documents such as a passport or ID card. Always remember to use a secure network connection when proceeding with sign-up for cyber security reasons.

How to sign up

Can You Make Money?

Yes, clients, or users, could potentially make money through participating in the trading program on PIEXGO. To stand a better chance at success, here are some useful tips:

1. Study and Understand Cryptocurrency Market: The cryptocurrency market is highly volatile. It's crucial to understand its dynamics and keep up with the latest news and updates.

2. Diversification: Don't put all your investments in one basket. Diversify your portfolio by investing in different kinds of cryptocurrencies.

3. Study the Cryptocurrencies available on PIEXGO: PIEXGO offers numerous different cryptocurrencies. Learning about their technology, use cases, and potential can help you make more informed investment decisions.

4. Use Stop-loss Orders: To limit potential losses, you can use stop-loss orders. These orders automatically sell an asset when it drops to a particular price.

5. Don't Invest More Than You Can Lose: Never invest more than you are willing to lose. The cryptocurrency market can be unpredictable and it's possible to lose part or all of your investment.

6. Participate in Trading Programs: PIEXGO sometimes launches various trading programs. Participating in these can also help you earn profits. Be sure to understand the rules and potential risks before participation.

Remember that all types of investment, including cryptocurrency trading, come with their own risks. So due diligence is always recommended.

Conclusion

PIEXGO is a comprehensive digital currency trading platform based in Singapore, offering a wide variety of cryptocurrencies for trade. The platform's security protocols are robust with multiple layers of protection, and it has consistently demonstrated a strong commitment to the safety of its users' assets. While the absence of details about its founders and regulations may be a point of concern, its deployment of advanced technology and user-friendly features like XGO Plus and multilingual support have boosted its offer to potential users. Nonetheless, PIEXGO being relatively new in the market, it would benefit from having more user reviews to enhance its reliability and reputation. It is clear that PIEXGO shows promise, but like with all investments, potential users should exercise due diligence and view all facets before proceeding.

FAQs

Q: What is the origin and background of PIEXGO?

A: PIEXGO is a digital currency trading service originating from Singapore, launched in 2019 by a group of blockchain enthusiasts and industry experts.

Q: Can you share the merits and demerits of PIEXGO?

A: PIEXGO offers a diverse range of digital currencies for trading, advanced security, and a comprehensive trading platform but lacks clarity about the founders' identities, and regulation information, and is relatively new with few user reviews.

Q: How does PIEXGO ensure the security of transactions?

A: PIEXGO safeguards transactions with multilayer security protocols, state-of-the-art risk detection systems, and regular security audits.

Q: How does the PIEXGO platform function?

A: PIEXGO operates as a trading service where users sign up, verify their accounts, deposit funds, conduct trades, and withdraw their digital assets, with each step protected by advanced security measures.

Q: What distinguishes PIEXGO from other platforms?

A: Unique features of PIEXGO include its digital asset XGO Plus, listing promising hidden project tokens, its own coin standard—PXG for quick integration, and multilingual customer service.

Q: What is the process to register on PIEXGO?

A: To register on PIEXGO, visit the website, click on “Sign Up”, fill out your information, verify your email with a code sent by PIEXGO, and agree to the terms and conditions.

Q: Can I earn money through PIEXGO, and how?

A: Yes, users can earn money on PIEXGO by actively participating in the trading program, but success may depend on understanding the crypto market, diversifying investments, studying the offered cryptocurrencies, using stop-loss orders, and not investing more than you can lose.

Q: What is your overall assessment of PIEXGO?

A: PIEXGO boasts a secure environment and good functionalities for digital currency trading but needs to enhance its transparency and accumulate further user trust being relatively new to the marketplace.

Risk Warning

Investing in blockchain projects carries inherent risks, stemming from the intricate and groundbreaking technology, regulatory ambiguities, and market unpredictability. Consequently, it is highly advisable to conduct comprehensive research, seek professional guidance, and engage in financial consultations before venturing into such investments. It's important to be aware that the value of cryptocurrency assets can experience significant fluctuations and may not be suitable for all investors.