Donarex claims to be a legitimate and easy-to-use crypto exchange that upholds top-tier regulatory standards and security measures. However, we believe that a devious criminal group is behind the platform.
We have seen this exact same website used under different fake names before so we can safely say that this exchange is just as fraudulent as Immediate Edge. It’s best you read our truthful Donarex Review and learn the truth about how the unscrupulous crooks plan to scam you.
Получи инструкцию по снятию средств
| Regulated by: | Unregulated Crypto Scam |
| Is This Company Safe? | No |
| Known Websites: | donarex.com |
| Have Warnings from: | N/A |
| Registered in: | Malta (allegedly) |
| Operating since: | 2023-10-16 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | Unavailable |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds. |
Legal Info: Is Donarex Regulated?
The legal background of this firm and the people running it is unknown. We checked the Terms of Use claim that this business is based in Malta and it turned out to be a lie. What this means is that the Donarex exchange is a virtually anonymous online platform with no regulatory license.
For that key reason, we do not recommend you trade on this exchange. There is a great chance you’ll get scammed before you know it.
A key benefit regulated European providers offer clients is a compensation contract worth up to 20,000 EUR in case something goes wrong, plus protection for the financial ombudsman.
Since Donarex is unregulated, the exchange is not liable to offer you a compensation contract. Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of esteemed financial market authorities such as the FCA (UK), SEC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.
Trader Reviews – Sharing Experiences
If you look for Donarex reviews and feedback from traders, you won’t find them because there are none. We checked several popular forums and got no results, which is not such a big surprise considering that the website has been active for about a month and a half.
Nevertheless, you should always check what people think about a certain platform because negative reviews and complaints can alert you about potential scams.
Crypto scammers typically invite unsuspecting victims to Telegram channels and WhatsApp chats. Once they dupe them into investing, their honest money can easily be embezzled.
Who Are Donarex’s Targets?
According to godaddy.com/whois, the donarex.com website domain was created on October 16, 2023. Since then, the black hat crypto exchange has mainly been targeting unwary traders who reside in the following countries:
- United States;
- Turkiye;
- Brazil;
- Egypt.
A webparanoid.com check flagged the page as a “little-known website without a reputation,” giving it a low trust score. Website traffic is also virtually non-existent.
Donarex is not authorized to accept clients from any of the listed countries due to the lack of necessary permits and licenses. We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.
Which Trading Platform Is Available?
The exchange can be accessed via a web platform designed for the straightforward purchase and sale of digital assets. It supports spot cryptocurrency trading and features a wide selection of popular coins.
Aside from its rudimental interface, the browser-based platform looks suspicious and could be manipulated. Our Crypto Wealth Expert review explains how scammers rigged platforms to deceive users.
Novices may find online trading platforms easy to comprehend but trading volatile assets such as cryptocurrencies is extremely risky per se, which is why you’ll need all the tools you can get to ensure you’re on track.
We thus recommend providers that support recognized third-party software such as MT4 or MT5. These platforms offer a wide range of cutting-edge tools such as automated trading, live market reports, advanced charting, a user-friendly interface, lightning-fast order execution, etc.
Fee Structure
The Donarex crypto exchange charges users commissions for transactions based on their monthly trading volume and the traditional maker/taker fees system.
Both regular and premium users are charged a 0.20% fee for maker/taker orders, while the latter incur a reduced rate of 0.14%. The website also imposes withdrawal commissions but the fees were not disclosed.
The minimum deposit and withdrawal requirements were not specified either. The non-disclosure of crucial payment info raises concern.
Legit Referral Program or Ponzi Scheme?
Donarex’s referral system operates in the A, B, and C stages. Rewards vary depending on it. For A-category referrals, users receive a 50% commission, for B-category referrals 10%, and for C-category 2.5%.
As for premium users, the program has no limits on referrals and offers instant bonus crediting and additional rewards for friends’ deposits.
It’s crucial to point out that the described structure awfully seems like a Ponzi scheme, a fraudulent investing scam that generates returns for earlier investors with money taken from later investors. Please refrain from dragging your friends and family into this sham.
Deposit and Withdrawal Process
In case you lose your coins on this phony exchange, you need to find out where the money went, i.e. to which wallet. This requires advanced crypto-tracing solutions. Luckily for you, our team can help you throughout the process and guide you every step of the way.
As for the deposits and withdrawals, the website states that you cannot link your bank account to your account. The reason why scammers prefer crypto payments is that such transactions allow them to retain their anonymity and continue running their schemes. Reversing crypto transactions is a challenging task but it is possible.
If you experience any withdrawal-related issues, you must seek out professional assistance. We have experts who specialize in various fund recovery methods and we gladly offer our services.
Key Information To Consider About Donarex
To sum up our review, we shall give our verdict – the Donarex crypto fraud mainly targets traders from the US, Turkiye, Brazil, and Egypt. In the meantime, this firm has received negative feedback from all the victims it defrauded.
We do not recommend this platform because it is nothing but an anonymous hoax. If you are experiencing any withdrawal issues, be sure to inform us about it.
If you cannot withdraw your funds from the Donarex scam on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!
Book a free consultation with us and launch the chargeback process.
FAQ Section
What is Donarex?
Donarex is an anonymous crypto exchange scam that mainly targets users from Brazil, Egypt, Turkiye, and the US.
Is Donarex a Regulated Exchange?
Donarex is not a regulated exchange. The whole scheme is run via an anonymous website.
What Can I Do If a Scammer Took My Crypto?
Book a free consultation with us so we can go through your case together and come up with the best solution.
