As both a developer and crypto investor, I always emphasize security when dealing with exchanges. Whether you're trading, investing, or even considering working for a crypto platform, making the right choice is crucial.
After reading this article on choosing a secure crypto exchange, I was reminded of a personal experience that reaffirmed my moral stance in the crypto space.
The Job Offer That Raised Red Flags
A few years ago, I was approached with an attractive job offer—a developer position at a new crypto exchange. The project seemed exciting at first, promising high salaries, flexible work conditions, and rapid expansion plans. But as I dug deeper, I started spotting major red flags:
🚩 The exchange was built on stolen code – They had copied the backend from an existing, legitimate platform.
🚩 No transparency about security – When I asked about audits and security measures, the answers were vague.
🚩 Aggressive marketing without real liquidity – Their only focus was on hyping the exchange, not securing it.
I knew instantly that this was a scam project, designed to attract users, collect deposits, and eventually disappear with the funds. I declined the offer immediately.
However, I also understood that not every developer would say no. Some might see it as just another job, thinking, "If I'm not the one scamming people, why not?" But for me, my values and experience as a crypto investor made the choice clear—I couldn’t be part of a project that put people’s funds at risk.
A Reminder to Choose Wisely
This is why I strongly recommend everyone—whether you’re a trader or a developer—to carefully evaluate the exchanges you interact with. This applies not only to where you trade, but also to where you choose to work.
✅ Look for regulated exchanges – Platforms with licenses and security certifications.
✅ Check their security track record – Have they suffered hacks? How did they handle them?
✅ Verify liquidity and trading volume – If an exchange claims massive liquidity but has low user activity, that’s a red flag.
✅ Read real user reviews – The community often spots problems before they become major news.
Final Thoughts
The crypto industry needs ethical developers and investors who prioritize security, transparency, and trust. The exchange space is full of both opportunities and risks, and making the right choices—whether for employment or personal use—can save you from a world of trouble.
That’s why I encourage everyone to read the original article and make an informed decision.
What are your personal red flags when choosing a crypto exchange?🚀
One of my biggest red flags is when an exchange isn’t upfront about who runs it. I always look for a clear team page and some kind of licensing or regulatory info. If they’re hiding behind an anonymous site or don’t mention security features like 2FA or cold storage, I’m out. Also, low liquidity or strange spikes in trading volume have made me walk away a few times.
Lately I’ve been using MEXC because a friend introduced me using his MEXC Referral Code. It gave me a fee discount and also made me dig into their security setup, which seems solid.