Warnings & Blacklist

Platforms we recommend you avoid. This page exists to protect you — not every crypto platform operates ethically, and some are outright dangerous.

This is not a sponsored hit list. Every platform listed here has documented evidence of harmful practices. We remove platforms from this list if they demonstrably fix the issues.

Red Flags to Watch For

Before using any crypto platform, check for these warning signs:

No Verifiable Licence

If a platform claims to be licensed but you cannot verify it through the regulator's website, that is a major red flag. Legitimate licences from Curacao, Malta, Gibraltar, or the UK can always be independently verified.

Delayed or Denied Withdrawals

The number one complaint in crypto gambling and trading. If a platform consistently takes longer than stated to process withdrawals, or imposes surprise KYC requirements only when you try to cash out, avoid them.

Fake or Bought Reviews

Check Trustpilot and Reddit carefully. If a platform has hundreds of 5-star reviews with similar language but almost no detailed negative reviews, those reviews are likely purchased. Real platforms have mixed reviews.

Unrealistic Promises

"Guaranteed 10x returns," "Risk-free trading," or "Guaranteed winning strategies" are lies. No legitimate platform makes guarantees about financial outcomes. This is the hallmark of scams.

No Contact Information

Legitimate platforms provide clear contact details — a registered company name, physical address, and multiple support channels. If the only contact is an anonymous Telegram group, walk away.

Pressure Tactics

"Deposit now or lose your bonus forever," or aggressive account managers pushing you to deposit more. Legitimate platforms let you take your time and never pressure you to spend beyond your means.

Clone Sites

Scammers create exact copies of legitimate platforms (e.g., "Binannce.com" or "Coinbase-pro.net"). Always check the URL carefully and bookmark official sites. Use official app store links, not links from ads or emails.

Mandatory Minimum Wagering Before Withdrawal

Some platforms require you to wager a large multiple of your deposit before allowing any withdrawal — even of your own deposited funds. Read the terms before depositing.

Known Problem Platforms

The following platforms have documented issues that we believe make them unsafe for users. Click each for details.

Anonymous "DeFi Casinos" on Telegram Likely Scam

Issues: Dozens of Telegram-based "casinos" have appeared offering impossibly high returns. They have no licence, no verifiable company information, and typically disappear after collecting deposits. Many are rebranded versions of previous scams.

What to do: Never deposit crypto into a platform that operates exclusively through Telegram or Discord with no website, no licence, and no verifiable identity.

Yield-Generating Casino Tokens High Risk

Issues: Some platforms sell tokens that promise "passive income from casino profits." These are typically unsustainable Ponzi-like structures where early investors are paid with money from new investors. The tokens inevitably collapse in value.

What to do: Treat any token promising guaranteed returns from gambling revenue as extremely high risk. Legitimate casinos do not need to sell tokens to fund operations.

Unlicensed Exchange Clones Scam

Issues: Phishing sites that copy the exact look of Binance, Coinbase, Kraken, and other major exchanges. They capture login credentials and drain wallets. Often promoted through social media ads, phishing emails, or compromised YouTube channels.

What to do: Bookmark the official URLs of every exchange you use. Never click exchange links from emails, ads, or social media. Enable 2FA and use hardware wallets for large holdings.

"Recovery Service" Scams Scam

Issues: Services claiming they can recover lost or stolen crypto for an upfront fee. In almost all cases, these are secondary scams targeting people who have already been scammed once. They collect the "recovery fee" and disappear.

What to do: If you have been scammed, report to local law enforcement and the platform involved. Do not pay anyone who claims they can recover your crypto.

How to Protect Yourself

Verify the licence. Go to the regulator's website (e.g., Curacao eGaming, MGA, UKGC) and search for the platform's licence number. If it does not appear, the licence is fake.
Start small. Always make a small test deposit and withdrawal before committing larger amounts. If the withdrawal goes smoothly, gradually increase.
Use a hardware wallet. Never leave large amounts of crypto on any platform — exchange, casino, or otherwise. Use a hardware wallet (Ledger, Trezor) for long-term storage.
Enable 2FA everywhere. Use an authenticator app (not SMS) for two-factor authentication on every crypto account you own.
Read the terms. Especially bonus terms, withdrawal limits, and KYC requirements. The 5 minutes it takes to read the T&Cs can save you thousands.
Check multiple review sources. Do not rely on a single review site (including this one). Check Reddit, Trustpilot, and crypto forums for a complete picture.

Report a Suspicious Platform

If you have evidence of a crypto platform engaging in harmful practices — withdrawal delays, fake games, stolen funds — we want to hear about it. Help us protect the community.

Report a Platform