novaexchange.com is a scam

[xBDT Script 4371]

I think they are scam. They have announced that they are closing but they are only letting the users to withdraw who have verified via their KYC process.

A user in bitcointalk said this:

Quote

I have tried multiple times to verify myself via their convoluted KYC process, however they at first ignored my comments, then simply said to email them which went un-responded.

Click here for source.

 

[JudgeDredd 3]

This used to be a really good exchange before the initial shutdown, I almost forgot they relaunched until I got the email saying they were closing again. If you have a decent quantity of funds there it's probably worth doing the KYC but if your balance is negligible just forget it. Why send your ID if you don't have to.

[ayatoslaw 858]

don't conclude too quickly if a nova exchange scam,

if the complaint that you get more than 5 people might be considered status, if there is still one person of course this can not be used as an example to make conclusions.

[xBDT Script 4371]

^

Exactly! You did not warn people that you will ask for KYC before withdrawing now that you are closing and pushing people to withdraw but as a trick you are asking for KYC knowing that a lot of users will have hard time.

Crypto space is funny and full with scammers.

[1millionClub 494]

8 minutes ago, xBDT Script said:

^

Exactly! You did not warn people that you will ask for KYC before withdrawing now that you are closing and pushing people to withdraw but as a trick you are asking for KYC knowing that a lot of users will have hard time.

Crypto space is funny and full with scammers.

That's what happens when you play on unregulated markets.

Small-time exchanges like nova were always a ticking bomb waiting to explode though. Remember cryptopia? Another small time ticking bomb exploded recently. There are many of them.

I still believe non-regulated markets are better than regulated ones though. I don't want the government to involve at all.

Edited September 29, 2019 by 1millionClub
fix

[xBDT Script 4371]

1 minute ago, 1millionClub said:

Remember cryptopia? Another small time ticking bomb exploded recently. There are many of them.

I do. I still wonder it was not a hack. It must be an inside job. They needed an excuse to shut down the exchange and even after come back they tried to get some money and that is why they did not have withdraw option but deposit LOL

I have lost few thousand worth of ETN there 😏

[cryptosix 1643]

I heard some bad reviews on forum or review site, not sure what is the site name. I would suggest you to stay far away from these type of exchanges since they can close or scam at any time.

Your post is excellent for getting help and learning about this exchange, but my suggestion is you should do before putting eggs in unknown basket.

Edited September 29, 2019 by cryptosix

[Glossy 615]

But why would anyone use this exchange, when they can go with better alternatives like Binance?

[lucky80 1046]

I don't think Nova Exchange is a scam. However, they cannot be trusted because they have been hacked and not paying for the losses. You should use a robust exchange such as Binance or KuCoin. At least they can pay you back if they ever got hacked.

29 minutes ago, Glossy said:

But why would anyone use this exchange, when they can go with better alternatives like Binance?

They use it because of some coins listed in Nova exchange. I use them a long time ago to sell ESP 

[xzibit 132]

I have read many complains about nova exchange, apparently they screwed many users by asking them documents, when users have sent them documents they did nothing. Something has to be wrong when many users are complaining about it.

[moonuranus 101]

6 hours ago, Glossy said:

But why would anyone use this exchange, when they can go with better alternatives like Binance?

Because there are some coins that were only listed in novaexchange and nowhere else, the mistakes is many of the traders store their money in the exchange site.

Novaexchange is a scam if they didn't give prior notice before they closed their site, but they do so it's not. 

[Consignee 2395]

Probably they are scammer. Isn't Nova closed somedayd ago once? And they have started their operation again and now again being closed. Surprise.

However, I think you must say Binance scam as well since it's also asking for KYC randomly, when user change IP address. This is shit. It's nothing less than scamming, same as novaexchange.

[hexwin 4931]

They are just closing down this exchange as they recently announced

Withdraw your coins from there if you still have any lecft.

Same thing for Coinexchange.io

 

[lev 91]

That is clearly just an excuse to delay the withdrawal of the user's coin. They should not requiring their users to do submit KYC documents just for the withdrawal, the deposit should be too, otherwise peoples won't be able to withdraw their coin after they deposit coins.

Edited October 2, 2019 by lev

[Consignee 2395]

This is very stupid move, I think they are trying to steal people's money. Now I doubt their previous hack issue was also a story, that was an scam attempt certainly. I have seen novexchange is getting closed but asking for KYC is a shit move.

[xBDT Script 4371]

On 10/3/2019 at 8:08 PM, Consignee said:

This is very stupid move, I think they are trying to steal people's money. Now I doubt their previous hack issue was also a story, that was an scam attempt certainly. I have seen novexchange is getting closed but asking for KYC is a shit move.

It is indeed a scam attapt. It's very easy way to keep the money from the users. There are a lot of people who will deny KYC and will not withdraw the small funds from there. Imagine the small funds worht $100 and if there are 10k clients than that's a lot of money LOL

[firasleila 2]

I don't think HitBTC is a scam.. i'm already using this market since 6 ... Basically the coin was trading at let's 11 and hitbtc was always 13 and reported it to ... But, they TOOK 25 BTC FOR LISTING FEES and just stopped .... you" and where did the funds come from, it is your sign to close the browser and exit.

 

[cryptosix 1643]

10 hours ago, firasleila said:

I don't think HitBTC is a scam.. i'm already using this market since 6 ... Basically the coin was trading at let's 11 and hitbtc was always 13 and reported it to ... But, they TOOK 25 BTC FOR LISTING FEES and just stopped .... you" and where did the funds come from, it is your sign to close the browser and exit.

 

HitBtc also gone as a scam, when they are closing without reason, then it is also called as a scam site. In the above post it is said verified through KYC people are eligible to withdraw their balances.

I am not happy with these exchanges to play with peoples life. Some of them in bitcointalk told they sold home, wealth and made investments into the Cryptos.

It could be a better for scammers to beg on roads than scamming people money.

[dana33 302]

On 9/29/2019 at 4:55 PM, Glossy said:

But why would anyone use this exchange, when they can go with better alternatives like Binance?

because novaexchange don't need KYC at the first place but they changing it now and so many people can't withdraw their coins without doing KYC. Not all coins are listed on binance bro.

[Corrado25 9442]

Wait. What kind of KYC is this about? In order to trade on novaexchange, make a deposit and withdraw you did not go through the KYC procedure? If so what other KYC do they need right now?

[scorpiali 5626]

On 9/26/2019 at 6:35 PM, xBDT Script said:

I think they are scam. They have announced that they are closing but they are only letting the users to withdraw who have verified via their KYC process.

A user in bitcointalk said this:

Click here for source.

 

I remember Cryptopia it s going with the wind 

[CryptoMaster 95]

I think I barely used novaexchange years ago with some small cap alts. I've read for a long time that they were going to re-open but the fact that they're closing it again after so little time and having troubles already kinda scream "SCAM" to me.

[lucky80 1046]

3 hours ago, lovesybitz said:

I also used Novaexchange mate, but the if their user is not approve for the KYC they must notify it at the email was being used to their platform, but the problems no response, what would you called it then? any users who will encounter it of course they will think suspiciously for the platform.  

I think NovaExchange will close soon. Hurry, withdraw all your coins there. I received the email on October 7. However, you must do a KYC. Strange lol

[teminalibug 309]

On 9/26/2019 at 10:35 AM, xBDT Script said:

I think they are scam. They have announced that they are closing but they are only letting the users to withdraw who have verified via their KYC process.

A user in bitcointalk said this:

Click here for source.

 

Lol, if you were member before and did some withdrawal without problem previously, why would they wznt you to confirm your identity now. Seems to me like a scam, it's how bitance.net does. This are scams my friend. sorry to here that by the way.

[xBDT Script 4371]

2 minutes ago, teminalibug said:

Seems to me like a scam

It is indeed a trick to keep the money of the customers. I think I have told it before but telling it here too. There are so many people who will not give their identity and forget about the coins.

Nova exchange is trying to get this opportunity. It's really easy to scam people in this space.