EXX Overview
EXX was a Hong Kong-based crypto exchange that launched around 2017-2018. It offered low flat fees, over 50 listed tokens and a clean mobile interface, attracting global retail traders. But by 2021, it had collapsed into a mess of frozen withdrawals, vanished support and a flood of scam accusations.
What once made EXX stand out
- Low fees: Flat 0.20 % on both trades and withdrawals, undercutting many tiered competitors.
- Simple feature set: Sub-accounts for managing multiple portfolios, straightforward spot markets and mobile apps for quick access.
- Decent asset variety: Hosted around 50 coins, from top majors to smaller speculative pairs.
Where it fell apart
- Frozen withdrawals: By 2021, users reported funds stuck for weeks or forever, with no updates.
- Silent support: Emails went unanswered, tickets disappeared, leaving traders totally locked out.
- Trust collapse: Watchdog sites flagged it unregulated, reviews turned into horror stories and it faded into ghost status with balances trapped.
User experience & reality
Early on, EXX seemed fine. Low fees and wide listings drew in traders. But as withdrawal problems mounted, there was no way out. Users trying to pull USDT or BTC found endless “pending” notices, and when they tried to contact support, they got silence. The result: frozen assets, lost money, and reviews that still warn others to steer clear.
Quick snapshot table
- Founded: ~2017-2018 in Hong Kong
- Trading fees: Flat 0.20 % on trades and withdrawals
- Listed assets: 50+ cryptocurrencies
- Fiat support: None - purely crypto
- Extra features: Up to 10 sub-accounts, mobile apps
- Status: Inactive, flagged high risk
Pros & cons
- Pros: Very low fees, multi-account tools, easy mobile UI.
- Cons: Withdrawals failed, support vanished, zero regulation, flagged as scam by user reports, effectively dead.
Final thoughts
EXX is a perfect lesson that cheap fees mean nothing if there’s no safety net. It promised simplicity and savings, then ghosted users with their funds locked. Today it’s a warning more than a platform. Anyone picking an exchange should look for strong regulation, reserve proofs and customer support that actually helps - otherwise, it’s just risk with no recourse.