Crypto Exchange Review: Real Insights on DEXs, Fees, and Scams in 2025

When you look for a crypto exchange review, a detailed look at how a platform performs for real users, not just marketing claims. Also known as exchange analysis, it’s what separates trading safely from losing money to dead platforms or outright fraud. Most people think a crypto exchange is just a place to buy Bitcoin. But in 2025, it’s way more than that. Some are built for Ethereum users, others for stablecoin traders in emerging markets, and a shocking number don’t even exist—just fake websites designed to steal your keys.

Not all decentralized exchange, a peer-to-peer crypto trading platform that doesn’t hold your funds. Also known as DEX, it’s the backbone of DeFi are created equal. Take Uniswap v3 on Celo—it’s fast, cheap, and built for mobile users who need stablecoin swaps without Ethereum fees. But IceCreamSwap on Blast? Zero trading volume. No users. Just a ghost site. Then there’s Wagmi on IOTA EVM—tiny, but useful if you’re deep into IOTA and want to avoid gas wars. These aren’t just tools; they’re survival choices. And liquidity? That’s the heartbeat. Coinbit used to be active, but now it’s under $100 a day. That’s not a niche platform—it’s a tombstone. If no one’s trading, you can’t buy or sell without crushing your own price.

And then there’s the scam side. crypto exchange scam, a fake platform designed to trick users into depositing crypto that never comes back. Also known as fake DEX, it’s one of the fastest-growing frauds in crypto. Coinbook? Not real. LocalCoin DEX? Fake. They look professional. They have whitepapers. They even have fake Twitter accounts. But if you deposit, your coins vanish. No customer service. No refund. No trace. These aren’t glitches—they’re designed to fail. And they’re everywhere.

What you’ll find here isn’t hype. It’s hard facts: daily volume numbers, real user silence, missing mobile apps, zero regulatory status, and dead liquidity. We don’t say "this might be good"—we say "this has $0 volume" or "this has no team." You’ll see which DEXs still work in 2025, which ones are abandoned, and which ones are traps. No fluff. No sponsored posts. Just what’s actually happening on-chain, in wallets, and in the real trading world. If you’re trying to trade without getting ripped off, this collection is your map.