CBEX Nigeria Review: Scam or Legit? Launch Update & Warnings

CBEX Trading Platform Launch in Nigeria: Review Update

Based on information from various sources, including YouTube videos and the CBEX website, here's an update on the CBEX trading platform launch in Nigeria:

🔍 What is CBEX?

CBEX is presented as a cryptocurrency exchange platform that claims to use AI for trading. According to its website, CBEX has obtained a legal trading license in the United States. However, multiple YouTube videos strongly suggest that CBEX is a potential scam.

🛠️ How does CBEX work?

One YouTube video describes CBEX as a platform that uses AI for trading, but it is also labeled as a Ponzi scheme. Another video explains potential earnings based on investment in "CEX Plus," suggesting daily returns and contract periods, but it emphasizes the importance of personal research and risk assessment.

💼 CBEX Referral Program

Information about a specific CBEX referral program was not found in the provided sources. One video discusses investment risks in general but does not detail a referral program for CBEX.

🚀 When was CBEX launched?

The CBEX website indicates a launch date of June 1, 2024. However, one YouTube video notes that while the company claims to have existed since 2018, the domain name was registered in January 2024.

💸 How much can I earn with CBEX?

One YouTube video provides a potential earnings breakdown based on different investment amounts in "CEX Plus," with a minimum investment of $50 and a daily return of 4.8%. It presents scenarios where reinvesting profits could lead to significant returns over time. However, it's crucial to note that other sources strongly advise against investing due to scam concerns.

👤 Who is the CEO or founder of CBEX?

The CBEX website does not explicitly mention the CEO or founder. A YouTube video points out the lack of an identifiable person associated with the platform.

🤝 CBEX Customer Support

No specific information about CBEX customer support channels was found in the provided sources.

🕵️ Legit or Scam?

Multiple YouTube videos strongly suggest that CBEX is a scam. Reasons cited include:

Recent domain registration despite claims of longer existence.
Hidden creator details and location.
A suspicious office address allegedly linked to a fraudulent flower company.
Similarities to the MTFE scam, where people lost significant amounts of money.
Claims of unrealistically high win rates (99%) through AI trading.

💲 Minimum Withdrawals on CBEX

Information regarding the minimum withdrawal amount on CBEX was not found in the provided sources.

📝 Registration on CBEX

Registration on CBEX can be done via their website: CBEX Registration. The registration page requires an email address and mobile number.

🔑 Login to CBEX

You can log in to your CBEX account through their website: CBEX Login.

💳 How to Withdraw on CBEX

Information on the specific withdrawal process on CBEX was not found in the provided sources.

💰 Can you earn without deposit on CBEX?

The possibility of earning without a deposit on CBEX was not explicitly mentioned in the provided sources.

📈 Payment Proof or Withdrawal Proof

No explicit payment or withdrawal proofs for CBEX were found in the provided sources.

📲 Downloading CBEX APK

The CBEX app can be downloaded from their website: CBEX App Download. It's important to note that one YouTube video mentions the app is not available on the App Store or Play Store, which could be a red flag.

Its office address in Nigeria?

The office address of CBEX in Nigeria was not found in the provided sources. One YouTube video mentioned that the address provided by CBEX is the same as that of a fraudulent flower company.

🚩 Red Flags on CBEX

Several red flags have been identified regarding CBEX, including:

The discrepancy between the claimed company history and the domain registration date.
The lack of transparency regarding the creators and their location.
The association of their provided address with a fraudulent entity.
The absence of the app on official app stores.
Warnings from other platforms like Kora about potential fraud.
Similarities to known Ponzi schemes like MTFE.

🔍 Conclusion on CBEX

Based on the information gathered, there are serious concerns regarding the legitimacy of CBEX. Multiple sources strongly suggest it might be a scam. While the platform claims to be a licensed cryptocurrency exchange, the numerous red flags and negative feedback warrant extreme caution. It is advisable to conduct thorough independent research and exercise significant skepticism before engaging with this platform.

Domain Information:

Domain: cbex.cx
Registered On: 2024-01-06
Expires On: 2030-01-06
Updated On: 2025-02-03
Name Servers: luke.ns.cloudflare.com, lady.ns.cloudflare.com

Website Links:

YouTube Videos (Potentially Critical):