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We analyze the Utex scam: reviews, exposure of schemes, and ways to return stolen money.

Utex

The cryptocurrency exchange Utex provides services for trading digital assets, as well as offering investment tools aimed at generating income.

The website utex.io is available in Russian and other languages, making it easier to use for clients from different countries. The appearance of the homepage is shown in the attached image.

The platform does not disclose legal, registration, and contact information, indicating a high level of anonymity. Additional information may become available only after registration is completed.

Cryptocurrencies and trading on the «Utex» exchange 

The trading platform offers users an extensive list of digital assets for conducting transactions, exchanging, and investing. The assortment includes the most popular cryptocurrencies BTC and ETH, as well as:

  • Cardano (ADA);
  • Ripple (XRP);
  • Litecoin (LTC);
  • Stellar (XLM);
  • Tezos (XTZ);
  • Algorand (ALGO);
  • Hedera (HBAR);
  • VeChain (VET).

The commission fee set on transactions may vary depending on the selected asset. More details can be found in the corresponding section of the official resource.

Cryptocurrency exchange Utex: features

The platform does not disclose information about the possibility of converting digital assets into fiat funds. In addition, there is no information on whether the cryptocurrency exchange acts as a direct participant in exchange operations or is limited to providing infrastructure for transactions between users.

As an alternative earning opportunity, the company «Utex» also provides the possibility to earn by participating in a well-thought-out affiliate program. There are only five tariffs provided, access to which is opened sequentially and depends on the number of attracted audiences.

How to deposit and withdraw money from the utex.io crypto exchange

The process of depositing and withdrawing funds is carried out using a variety of payment tools, including Visa/Mastercard cards, electronic and cryptocurrency wallets.

You can start withdrawing funds by visiting the Utex personal account, selecting the desired method, and filling out the information form. The processing time of the application, established restrictions, or the current commission fee are not presented in open access.

Conclusions about utex.io

The lack of legal information and the absence of detailed terms of cooperation may raise questions among potential users. Therefore, it is advisable to study reviews about Utex and also check the project's position in the current cryptocurrency exchange rating.

Utex

Problems with Utex?

Utex is not fulfilling obligations or not refunding money? Fill out the form — we will promptly create a personalized action plan.

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1 month ago

The reviews about this cryptocurrency exchange are mostly negative. I don't know whether to believe them or not at all. There is a lot of information online, so I don't quite understand which side to take in the end. I think I'll watch for a while and then I'll understand whether I can trust Yutex or if they are just another group of scammers who want to steal my money…

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1 month ago

I topped up my balance with a small amount and started trading according to their "training strategy." I lost almost everything but decided to withdraw the remainder. After submitting the request and checking the accuracy of the details and other information, I started to wait. About 20 minutes later, I received a response—denial. They did not tell me the reason. I started contacting support, but they just shrugged, saying they couldn't do anything, did I violate something?!

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2 months ago

The Utex project attracts many users by posting advertisements in themed communities on social networks. Moreover, the exchange looks very welcoming and beautiful. Problems begin when you delve into the descriptions and nuances, realizing that the project operates without a license and registration. The description of services is superficial, and support does not respond for days.

 

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