Brief Look at Bexplus
Launched in late 2017, Bexplus claims to be a cryptocurrency exchange with offices in Singapore, Japan, the U.S., and Brazil. However, its registration in the offshore zone of Saint Vincent and the Grenadines and lack of regulation cast doubt on its legitimacy. There's also a concerning lack of contact details and legal information.
Bexplus has been accused of blocking client withdrawals, essentially preventing them from accessing their assets. Several traders have reported negative experiences, including frozen accounts.
In June 2022, the exchange, claiming to have a million clients, launched a promotion offering new clients bonuses of up to $5,000. Just weeks later, Bexplus abruptly stopped servicing clients indefinitely, citing unforeseen circumstances.
Bexplus poses a significant risk to its clients and should be avoided.
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