r/CryptoCurrency • u/currentXchange • 2h ago
EXCHANGES Is anyone actually using grovex.io?? [CEX]
I want to figure out just how legit this exchange is.
I found it by looking at coin market cap under the places that list of all volume coming from different exchanges.
I basically sent an application to list our token in every single one that I thought would be compatible with the Sui ecosystem.
So after playing to about a dozen centralized exchanges, the only one that I kept in contact with an actually had good communication with me and our telegram chat was grovex.
Now they want me to deposit 2500 USD into the exchange, which I don't actually have, I will have to borrow a friend, who says they will let me borrow it.
I want to do a little bit of diligence before I deposit my friends money into an exchange I've never personally used.
As you might have guessed by our seven year old Reddit account and the fact that I am manually applying myself to get on centralized exchanges, we haven't achieved much financial success, but we are a super legit project that has been alive for more than seven years and has crypto app people actually benefit from outside of just financially.
So, that's why I am asking. Everything seems fine, but I want to check because it's not my money and I feel like a total dumb ass if it was a big scam.
P.S. On coinmarketcap they say that they have $1 billion of daily volume on Bitcoin USDT. I know for an assumption that this is pretty fake because they are literally offering to run the market maker on my coin, which of course I want because I want volume to show up on coinmarketcap too