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Fairdesk Review 2025

Updated:

Brief Look at Fairdesk

Fairdesk, a cryptocurrency exchange founded in Singapore in 2021, has announced its complete shutdown, effective November 30, 2024. This decision stems from evolving policies and regulatory frameworks that have rendered continued operations unsustainable.
According to the company’s official statement, all futures and spot contract positions were closed on October 17, 2024. Subsequently, the platform transitioned to facilitating fund withdrawals exclusively until its final closure.
Fairdesk had previously attracted clients with its low fees and advanced derivative trading options, offering leverage up to 1:125. However, the absence of stringent regulation raised concerns regarding the platform's reliability.
The closure of Fairdesk underscores the challenges confronting smaller cryptocurrency exchanges in the face of increasingly stringent global regulatory requirements. These measures, designed to prevent money laundering and safeguard investors, have presented significant obstacles for Fairdesk, which has struggled to compete with larger exchanges in terms of trading volume.

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gokulachukr
4 weeks ago

Fairdesk’s shutdown is an example of how NOT to close a crypto exchange. I used it because of the low fees and copy trading, and everything was fine—until the closure announcement. Then, withdrawing funds became a nightmare. What I remember most: huge delays, strange errors, and panic among traders. Why couldn’t they warn clients and give us more time? Now I’m missing a few hundred dollars from my wallet, and I doubt I’ll ever get it back.

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cable4less
4 days ago

I knew crypto regulations were getting stricter, but why didn’t Fairdesk prepare clients for the shutdown in advance? I found out just a couple of weeks before the platform went offline. The withdrawal process was slow and problematic, and some of my requests simply got stuck - I never received my funds. Client support initially responded but then disappeared. If an exchange is shutting down, clients should be given more time and clear instructions, not left to deal with the chaos!

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vincsantos
10 weeks ago

Exchanges shutting down is nothing new, but Fairdesk could have handled it more efficiently. I used their platform for futures trading, and everything was great until they announced the closure. The given timeframe was too short, and with the flood of clients trying to withdraw, the site started crashing. I managed to get most of my money out, but I know people who faced serious issues. It felt like they just abandoned their clients at the last moment.

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Kumari Meena
2 weeks ago

Fairdesk shut down due to regulatory changes, but why did it impact clients so badly? I had been trading there for almost two years with no issues, but once the shutdown was announced, everything turned into a mess. I had to rush to withdraw my money, the site was lagging, and support responses were delayed and generic. I managed to withdraw most of my funds, but I know people whose transactions got stuck. This could have been handled much better—after all, the exchange didn’t just vanish, it officially ceased operations.

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rockcarson22
6 weeks ago

I understand that the exchange shut down due to external factors, but why was it so difficult for clients to withdraw their money? Fairdesk always claimed to be transparent, yet everything happened so suddenly, with little notice. Some of my orders just disappeared, and my USDT withdrawal was stuck for three weeks. Support was responding at first but became slower and eventually stopped replying. If they had given us more time to prepare, things would have been much smoother.

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mouradbouamaha
8 weeks ago

Fairdesk marketed itself as a stable platform, but its shutdown turned into chaos. Regulation obviously played a role, but why were withdrawals so unreliable? I’ve read multiple complaints from clients about stuck transactions, and I also experienced long delays. The whole process needed more transparency—clear deadlines, proper instructions, and better client support. This wasn’t a scam, but it definitely wasn’t a well-organized closure, either.

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