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【Former exchange employee exposes: you can’t actually withdraw the money small exchanges make】
A former exchange employee discussed plenty of inside information in an interview.
The key takeaway in one sentence: at small exchanges, making money through real trading is basically not something you can withdraw.
The key to getting your withdrawal stopped is: withdrawals are greater than deposits.
For example, if you deposit 1000U and earn 500U, and then try to withdraw 1500U, the platform directly intercepts you—and even directly deducts the profits you’ve made.
The back end is specifically designed to identify these kinds of accounts.
These small exchanges are generally equipped with dedicated back-end systems that precisely identify accounts with “small deposits and high profits.” Platforms like JU basically have this kind of setup.
Many small exchanges have already turned into a Ponzi scheme model.
Those that failed to take off early on have basically shifted to CX pool models. There are very few real trading users; it’s almost impossible to profit from trading and withdraw funds.
Conclusion: large exchanges aren’t necessarily safe, but small exchanges are very likely not safe.