Spasdex.com claims to provide an ever-growing number of cryptocurrency pairs for investment and a range of tools and features to help you grow your portfolio. It also claims to offer exceptional liquidity and competitive pricing to help you achieve your investment goals quickly and confidently.
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What is Spasdex.com?
SpasDEX.com is a platform for trading and wellness assets using blockchain technology. By using blockchain technology, SpasDEX.com claims to reduce transaction costs, improve user data confidentiality, and increase overall efficiency.
Is Spasdex.com Legit?
It presents itself as a top-tier crypto trading platform, several red flags suggest you should proceed with caution.
No Contact Us Page
One major red flag about Spasdex.com is the absence of a “Contact Us” page. The lack of such a page on Spasdex.com makes it difficult for customers to get in touch with the company, raising doubts about its legitimacy and customer service.
Refer and Earn (Pyramid Scheme)
The site offers a high referral commission, which is unusually high and can be a red flag.
- category A – 50% of the commission,
- category B -10% of the commission
- category C – 2.5% of the commission
- Deposit rewards For each new friend, you receive 0.01% (in BTC) of the total sum of all their deposits.
These features suggest a pyramid scheme where earnings depend on bringing in more people rather than the actual product or service value.
Lack of Transparency
Spasdex.com is a new website and the website does not provide clear information about its team or location, also the site does not clearly state whether it is regulated by any financial authorities, which is crucial for any trading platform.
Limited Online Presence
Spasdex.com has little to no online reviews or feedback from customers and also has no links to social media profiles, which can often help establish a site’s legitimacy and offer a way for customers to connect with the brand.
Spasdex.com Overview
Spasdex.com claims to offer a wide range of cryptocurrency pairs for investment and various tools to grow your portfolio. It promotes itself as a top-tier crypto trading platform, but several red flags suggest caution.
Firstly, there’s no “Contact Us” page, making it hard for customers to reach out, which raises questions about its legitimacy. Additionally, the high referral commissions suggest a pyramid scheme, with earnings relying on recruiting others rather than providing real value.
The site is new and lacks transparency, providing no clear information about its team, location, or regulatory status. Also, Spasdex.com has a limited online presence, with few reviews and no social media links, making it difficult to verify its credibility.
