Ranadex company is one of those anonymous exchanges expecting you to trust them on their word. Yet, none of the important legal information is revealed. Starting with legal name, registration address, founders, or contact details.
Therefore, how do we know if we can trust this firm? The situation is quite simple: you don’t. But if you are looking for proof of that, read this Ranadex review carefully.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Ranadex.com |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With all the similarities with other brands the company was running, it’s hardly believable any withdrawals will ever happen. In case you sent any money to this crypto exchange and can’t withdraw it, contact us for refund advice. |
Legal Info: Is Ranadex Legit Or A Scam?
The first sign of the company’s illegal activities is the lies about network volume and AUSTRAC security standard compliances. None of these can’t be trusted unless the company is regulated. For this reason, we were checking primarily the AUSTRAC database but also FCA, BaFin, and CFTC. Yet, no results about the Ranadex license were found.
The problem with the 24-hour network volume is that all their other brands share the same story. If you check Koypex.com and Koygex.com you will realize the truth quickly. In fact, there are 40 more look-a-like websites. Therefore, stay away from them.
Who Are Ranadex’s Clients?
According to the company, there are more than 2 million active users of this exchange. Yet, zero Ranadex reviews are available, which tells you these details are completely fake.
Nevertheless, domain analysis shows us where most of their traffic comes from. Those are countries like:
- Italy
- France
- Indonesia
- Belgium
- Switzerland
Wherever you are coming from, feel free to leave your comment with your experience below. Also, you can contact us directly and get a free first refund consultation.
Leverage, Commissions, Spreads, Fees and Taxes
In general, the company offers quite attractive fees. Those may vary depending on your 30-day trading volume and start from 0.075% for makers and takers. The more you trade, the lower fees you can expect.
Yet, it’s all meaningless if you can’t get your profits out. Besides these, the company transparently reveals withdrawal commissions. Thus, it’s hard to trust those either.
Bonuses
Overall, bonus offers are a good option to motivate customers to invest in new altcoins. Therefore, you might see those from time to time. Thus, with Ranadex exchange, that’s not the case. At least they don’t transparently reveal such options as available.
Ranadex Trading Features
Generally speaking, the company doesn’t offer any advanced features. Its spot trading options include basic buying and selling options that are backed up with TradingView charting options.
Yet, if you want to purchase cryptos, you have to use some of their partnered exchanges like MoonPay, Simplex, and Mercuryo. None of the reliable ones. You can add another one to that list after reading our Polonix.ch review.
Trading Platforms Available
The company’s trading platform is purely web-based. This adds more suspicion to all of the company’s activities. Primarily because such platforms can be easily modified from the back end. In the end, traders end up losing funds without even realizing why.
Available Trading Assets
In general, the company presents more than 200 tradeable assets. These numbers are quite good, especially for spot trading, because it gives versatility. Just some of the options are:
- BNB/USDT
- SOL/USDT
- ADA/USDT
Account Types
Usually, crypto exchanges offer various benefits for traders. Sometimes it only depends on your trading volume if you will get those. In the case of the Ranadex crypto exchange, traders can only choose a Premium account.
In fact, they are forced to do so if they have more than 0.3 BTC on the account. Yet, the deposit requirement for Premium is not disclosed. That’s exactly where they have the opportunity to rip you off.
Mobile Trading App
Trusted crypto exchanges generally develop proprietary, safe, and trusted iOS and Android apps. Logically, it adds credibility to the company. Yet, with the Ranadex scam exchange, that level of development is not present.
Demo Account
Even though the company’s access to the platform is transparent, you won’t have virtual funds to test it out. But after all the aforementioned flaws, we highly doubt anyone would even think about it.
But to see why demo and even micro accounts might be dealbreakers, check our CapXM review.
Education
The best option is to educate yourself to avoid getting scammed through cryptos. With top-tier regulated exchanges, you will get a lot of educational material and even educational programs.
But if the firm wants to steal money from you, it’s better for them that customers are uninformed.
Ranadex Withdrawal
With shady Premium account offers and requirements, it’s hardly believable that withdrawals are possible. On top of that, the company’s withdrawal fees and processing time doesn’t seem reliable. After all, they prevent you from withdrawing the funds if you don’t have Premium active. Pure nonsense. Not to mention, the company is misleading traders about security.
Customer Support
Another key problem with this exchange is the absence of contact options. At least transparent ones like e-mails and phone lines. After all, even a live chat could be satisfying. Yet, none of those are available. But what you can expect once you register with them is to be added to hidden groups. Like the ones on Telegram or WhatsApp, due to encryption standards.
Key Information To Consider About Ranadex
The first thing you have to remember is that the company is running multiple brands with the same layouts and legal information. Secondly, they are not authorized by any trusted authority to provide digital asset services.
On top of that, some numbers don’t add up, such as 24-hour trading volume and number of active users. All in all, if you experience any irregularity with this firm, let us know. Even if you were sending them crypto, those can’t hide for long from the CipherTrace tool. Contact us and find out how it can help you recover your crypto.
FAQ Section
What is Ranadex?
Ranadex is an anonymous and scamming cryptocurrency exchange and spot trading platform.
Is Ranadex a Legit Exchange?
No. The company is misleading traders in numerous ways. On top of all, they are not licensed by any top-tier regulator.
What is CipherTrace?
CipherTrace tool helps institutions track crypto transfers and prevent illegal activities. It’s also helpful with the refund process. To get started with yours, send us a message.
