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What is Whale Exchange (Is Whale Exchange a Legitimate Exchange)?

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What is Whale Exchange? According to cryptoslate, Bitcoin whales are trying to

What is Whale Exchange (Is Whale Exchange a Legitimate Exchange)?

What is Whale Exchange? According to cryptoslate, Bitcoin whales are trying to profit through various different trading platforms. Although they may find themselves without any profit or income source during the trading process, they still hope to obtain bigger gains, as these types of trading platforms usually require higher prices to attract more users. What exactly does Whale Exchange do? What kind of exchange is it?

Firstly, Whale Exchange is a type of exchange mainly composed of large-scale digital asset investors, most of whom are individual investors or participants with large funds. This type of cryptocurrency exchange does not provide other services or products, but mainly serves its customers with lower fees. Therefore, they are not real exchanges and not genuine exchanges in the true sense.

Is Whale Exchange a Legitimate Exchange?

Is Whale Exchange a legitimate exchange?

According to official information, Whale Exchange’s trading volume reached $150 million in the period from January 11, 2018, to June. Currently, only a few mainstream digital currency platforms have poor performance and cannot enter the user interface, indicating that this cryptocurrency exchange is involved in illegal activities such as fake exchanges, project abandonment, and pyramid coins, and has been shut down by regulatory authorities.

In addition, the Whale Exchange official website states that the website provides Bitcoin deposit and withdrawal services for overseas users.

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