Exnozy (exnozy.com) exhibits several red flags that cast doubt on its legitimacy as a cryptocurrency exchange. The platform features an anonymous executive team with vague credentials and lacks verifiable professional backgrounds. Without regulatory oversight, independent reviews, or clear operational details, Exnozy mirrors patterns seen in other suspicious sites.
Caution is advised: thoroughly research the platform, verify identities, and refrain from depositing funds until its legitimacy is conclusively established for safety.
Exnozy (exnozy.com) is a cryptocurrency exchange that launched in 2022, claiming to operate out of Singapore. It markets itself as a user-friendly platform for trading digital assets, but significant concerns have emerged about its credibility.
Reports suggest a possible connection to Binacy.com, a known scam that disappeared with users’ funds in 2023.
This review examines Exnozy’s background, services, reputation, security issues, and that troubling link to Binacy, providing a detailed assessment for anyone considering this platform.
Exnozy was established in 2022 and is based in Singapore, according to its website. The leadership team consists of co-founders Amos Z. and Jay Xu., who are presented as experienced professionals in cryptocurrency and blockchain operations, respectively. Another executive, Pony M., is said to oversee user growth and expansion.
However, the site provides only abbreviated names, with no full identities or verifiable credentials disclosed. Exnozy claims to employ over 30 staff members and serve 40,000 daily users, but these numbers lack independent confirmation, raising questions about their accuracy.
Exnozy offers a range of services typical of a cryptocurrency exchange, targeting both new and experienced traders.
Here’s a breakdown of its key features:
The platform supports spot trading for major digital assets, including Bitcoin (BTC), Ethereum (ETH), USDT, and altcoins such as BNB, TRX, MATIC, and SHIB. It provides real-time price charts and trading pairs like BTC/USDT and ETH/USDT.
Users can buy cryptocurrency with traditional currencies through third-party payment processors Transak, Wyre, and MoonPay which support credit/debit cards, bank transfers, and mobile payments in over 100 countries.
Exnozy provides wallet accounts for storing assets, featuring a “vault” option with time-delayed withdrawals intended to enhance security.
The exchange offers a referral program with unspecified rewards and an affiliate program promising commissions starting at 40% of trading fees from referred users—a rate notably higher than industry norms.
High-volume traders can access tiered benefits, including reduced or zero trading fees and withdrawal limits up to 8,500,000 USDT daily, depending on account holdings and trading activity.
While these offerings appear competitive, the unusually high affiliate commissions and fee-free promotions are concerning, as they resemble tactics used by questionable platforms to attract users quickly.
Exnozy’s reputation varies depending on the source. On Reviews.io, it holds a 4.9-out-of-5 rating based on over 60 reviews, with 98% of users recommending the platform. Positive comments highlight its ease of use, low fees, and reliable customer support.
However, one reviewer accused Exnozy of being a “fraud exchange,” a claim that stands out against the otherwise strong feedback.
The limited number of reviews and lack of significant discussion on platforms like Reddit or Bitcointalk suggest that its user base may not be as large or engaged as claimed.
The possibility of manipulated reviews cannot be dismissed, given the platform’s short history.
Several factors cast doubt on Exnozy’s legitimacy and security:
Exnozy is not registered or licensed by any recognized financial authority, including Singapore’s Monetary Authority (MAS). It does not disclose a legal company name or physical address, leaving users without regulatory protection or recourse.
The exnozy.com domain was created in late 2024, according to ScamAdviser, which assigned it an “extremely low” trust score due to its newness, low traffic, and potential spam associations.
Independent analyse from Gridinsoft label Exnozy as a “cryptocurrency scam”. They warn of deceptive practices, such as blocking withdrawals or using phishing tactics, and note similarities to other fraudulent platforms.
Exnozy promotes security measures like two-factor authentication and its vault feature, but without external audits or regulatory oversight, these claims lack substantiation.
The combination of these issues raises serious concerns about the safety of users’ funds.
A critical point of concern is Exnozy’s apparent link to Binacy.com, a cryptocurrency platform that executed an exit scam in 2024, absconding with users’ assets. Evidence supporting this connection includes:
This resemblance suggests that Exnozy could be a rebranded continuation of Binacy’s fraudulent activities, posing a substantial risk to prospective users.
Exnozy mentions AML/CFT but doesn’t detail KYC steps like ID or address verification, raising legitimacy concerns.
Withdrawal fees and limits for regular users aren’t listed, unlike VIP tiers, suggesting hidden costs.
A mobile app is teased for April 2025.
No regulation or insurance means no fund recovery if Exnozy closes or freezes accounts.
No lawsuits are public as of March 2025, but lack of regulation limits legal recourse.
Reviews praise support, but scam claims cite delays; contact methods remain unspecified.
No proof of reserves or audits exist, a red flag for fund security.
No proprietary token is advertised; reward bonuses may involve undisclosed coins.
Restricted regions aren’t listed despite global claims, unclear for regulated areas like the U.S.
Unlike Binance, Exnozy lacks regulation and transparency, making it riskier.
Exnozy presents itself as a modern cryptocurrency exchange with appealing features, but the evidence points to significant risks.
While some users report positive experiences, the absence of regulatory oversight, unverifiable leadership, scam warnings from credible sources, and a potential tie to the Binacy.com exit scam outweigh any benefits.
Until Exnozy provides transparency such as a registered company name, regulatory compliance, or audited proof of reserves, it cannot be considered trustworthy.
For those contemplating using Exnozy, proceed with extreme caution. Limit exposure by depositing only small amounts, activate all available security features, and monitor the platform closely for irregularities.
Given the current information, safer and more established alternatives are recommended for cryptocurrency trading and investment.
| Domain | exnozy.com |
|---|---|
| Created Date | 2024-11-14 20:57:44 UTC |
| Updated Date | 2024-12-01 13:00:07 UTC |
| Expires Date | 2025-11-14 20:57:44 UTC |
| Estimated Age (days) | 124 |
| Registrant Organization | Not Applicable |
|---|---|
| Registrant Country | UNITED STATES |
| Registrar Name | GMO Internet, Inc. |
|---|---|
| Registrar IANA ID | 49 |
| Registrar WHOIS Server | whois.discount-domain.com |
| Registrar Email | vywtmldo@fmaillerbox.com |
| Name Servers | pedro.ns.cloudflare.com, aspen.ns.cloudflare.com |
|---|---|
| Registry WHOIS Server | whois.discount-domain.com |
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