KickEX Review: All the Reasons to Avoid This Fraudulent Crypto Exchange

Before we even begin, we want to stress that you should avoid KickEX. The company has no trading or virtual asset provider license.

For further details about their operations, ensure you read this KickEX review. We elaborated on everything, from user feedback to financial recovery.

have a dedicated virtual assets provider regulation, KickEX has never obtained one.

Legal Information About KickEX Exchange

In its legal documents, KickEX says to be a Whirl TGE Limited brand registered in the British Virgin Islands. However, we found no such firm once we checked the BVI FSC register. Therefore, the company is not licensed to conduct trading or crypto providing.

Furthermore, their address is a P.O. box, which is suspicious in itself. If you need to start legal action, all you can do is send mail to the said box. Finally, there’s no contact information besides social media, meaning you cannot contact anyone when things go south.

For all this and more, keep reading about how the KickEX scam has been conducted for years.

Who Are the Victims of the Exchange?

KickEX website, kickex.com, was registered as we knew it today on the 24th of May, 2019. This complies with the company’s statement that they established their business in the said year before expanding to a referral network in February, 2020, and a KickEX login system in May.

Just like CoinExsa, KickEX operates unauthorizedly. The majority of their website traffic comes from:

• Turkiye,
• India,
• US.

However, they’re offshore and not authorized to operate anywhere globally. Think about it before registering with the company and paying your hard-earned money.

Genuine Traders’ Reviews

Instead of us telling you who to trust, feel free to check out the experiences of your fellow traders. At the time of writing, we found 42 comments on Trustpilot, with the exchange rating average. However, the company has registered the US as their location and the country where we should look for them.

Out of 38% of 1-star reviews, the majority refer to frozen wallets and KickEX support unavailability. Furthermore, the company seems to be running a scheme program, giving 888,888 coins to their customers but requiring them to log in to claim the prize.

Finally, the mystery behind this KICK token setup was exposed on Reddit. One user showed how clients were lured to register an account and trade so they could “unfreeze” the given token, then bring friends and family into play.

Just for reference, two years after this sad scheme attempt, the KICK coin price at the time of writing was $0.008046. Simply said, worthless.

Trading Features – Platform and Promotions

Now that we’ve elaborated on the KickEX token, referral program, and everything else, let’s see more. What kind of a platform does the exchange offer, and what kind of new promotions are used to trick investors? Keep reading to find out.

Kick EX Trading Platform

The only way to trade is through a browser-based platform. Once you click on the Trade tab, it’ll redirect you to this not-so-impressive tool. You can place limit and market orders, trailing, and double stops. However, you cannot find advanced features like EAs and social trading.

KickEX Mobile Apps

The company offers mobile apps for Android and iOS. Both are based on WebTrader, meaning that special features are excluded. You can trade on the go, and that’s probably the only perk.

Contests and Rewards

In addition to promising the lowest fees and safe trading, KickEX is also running a vast of contests.

• USRV: $6,600 as a prize
• KICK to the Moon
• KICK burn contest
• KISHU meme trading
• KickEX token battle
• Trade LINK for a $10,000 prize
• UNI vs. COMP for a $10,000 prize
• 100% bonus to your deposit, etc.

As you can tell, prizes are pretty lucrative. However, nowhere did we find the terms and conditions of these contests. What happens if you don’t get your winnings? We assume nothing, as the exchange is not regulated.

KickEX Customer Support Availability

The company claims to offer 24/7 live support. However, once we wanted to join the chat, we were prompted to enter our email, name, and message and were informed that someone would get back to us. It doesn’t look very live from where we stand.

Furthermore, the company added various social media accounts, but we assume they’re also not as responsive. Finally, they seem not to resolve any issues of their customers who want a withdrawal, which is the primary point.

KickEX Withdrawal Fees and Terms

The company lets you buy crypto coins using debit/credit cards. However, a crypto wallet is the only way to withdraw your money. Therefore, you need to have another exchange where you can transfer the virtual coins, then send them to your bank account.

The procedure should be simple: select the coin, choose the network and the amount, and request a payout. In practice, it seems that KickEX will decline the request for various reasons, and their support department will do nothing to assist.

What to Do If I Was Scammed By KickEX Exchange?

If you find yourself with crypto that you cannot withdraw or have never received your coins, you should notify the local authorities. Furthermore, you can dispute the transaction with your bank.

You can contact our specialists if you need any assistance tracking your coins or filing a dispute. We’re working with CipherTrace, the most eminent software in the crypto forensics industry. We’ll help you compile a detailed report and get justice.

Book a free consultation today, and let us evaluate your case in detail.

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