SaitaSwap is a tiny, inactive Ethereum-based DEX with almost no liquidity, no community, and no transparency. In 2025, it's not a viable option for trading crypto. Stick with Uniswap, 1inch, or PancakeSwap instead.
Crypto Exchange: What They Are, How They Work, and Which Ones to Avoid
A crypto exchange, a platform where you buy, sell, or trade digital currencies like Bitcoin or Ethereum. Also known as cryptocurrency trading platform, it’s the gateway between your wallet and the wider crypto market. But here’s the truth: most people don’t realize how many of these platforms are fake, unregulated, or outright scams. You’re not just picking a place to trade—you’re picking who holds your money.
There are two main types: centralized and decentralized. A centralized crypto exchange, like Binance or Coinbase, acts like a bank—you deposit crypto, they hold it, and you trade through their system. They’re easy to use, but if they get hacked or go bankrupt, your funds are at risk. Then there’s the decentralized exchange, or DEX, like Uniswap or SushiSwap, where you trade directly from your wallet without handing over control. No middleman means more security—but also more complexity and less customer support. And then there are the fakes. Platforms like TokenEco and BIJIEEX aren’t exchanges at all. They’re designed to vanish with your cash. These aren’t glitches—they’re criminal operations.
Regulation plays a huge role too. In South Korea, you need a real-name bank account to trade. In Qatar, crypto trading is banned—but tokenizing real estate is allowed. The SEC in the Philippines is shutting down unregistered platforms. These aren’t random rules. They’re signals. If a crypto exchange operates in a country with strict rules but ignores them, that’s a red flag. And if a platform claims to be "the next Binance" but has zero trading volume, no audits, and no team? That’s not innovation. That’s a trap.
Whale wallets, flash loans, and privacy coin delistings all tie back to how exchanges operate. Big players move markets through them. Scammers use them to fake liquidity. Regulators shut them down when they break the rules. This collection doesn’t just list exchanges—it exposes them. You’ll find reviews of real platforms with real trading data, deep dives into scams that stole millions, and breakdowns of how regulatory crackdowns change what’s possible. Some posts tell you what to use. Others tell you what to run from. All of them cut through the noise.