Crypto Exchange Trustworthiness Checker
This tool helps you evaluate whether a crypto exchange is trustworthy based on key criteria discussed in the article. Answer the questions below to determine if the exchange meets minimum standards for security and transparency.
Exchange trustworthiness score is not available.
When you’re looking for a new crypto exchange, you want speed, security, and proof that it actually works. You don’t want to sign up for a platform that no one else has heard of - and for good reason. Blocktane claims to be a next-gen crypto exchange built by ex-Nasdaq and Toronto Stock Exchange professionals. It promises the same trust and reliability as traditional finance. But here’s the problem: Blocktane doesn’t show up on any major exchange rankings, has zero verifiable trading volume, and isn’t tracked by CoinMarketCap. That’s not a small detail - it’s a red flag.
What Does ‘Untracked’ Actually Mean?
CoinMarketCap doesn’t list every crypto exchange. They only track ones that meet strict transparency rules. To be tracked, an exchange must provide real-time API data showing trading volume, have public proof-of-reserves, and allow third-party verification. Blocktane is labeled as an ‘Untracked Listing’ as of October 2025. That means CoinMarketCap can’t confirm any of its activity. No volume. No reserves. No data. Just a website and a pitch. This isn’t the same as being new or small. Even tiny exchanges like Bitrue or KuCoin show up on CoinMarketCap because they share their data. Blocktane doesn’t. That’s not a technical limitation - it’s a choice. And in crypto, where scams often hide behind vague claims, that choice speaks volumes.Who Built Blocktane? The Claims vs. The Evidence
The team behind Blocktane says they’ve worked at top financial institutions. They mention Nasdaq, securities regulators, and high-frequency trading firms. That sounds impressive. But names don’t equal proof. Where are their LinkedIn profiles? Where’s the press release announcing their launch? Where’s the regulatory filing? Compare that to Kraken. They’ve published their proof-of-reserves every quarter since 2021. Coinbase files reports with the SEC. Gemini holds a NYDFS BitLicense. These aren’t marketing buzzwords - they’re legal requirements and public records. Blocktane has none of that. No license. No audit. No public record of registration anywhere. If they’re so experienced, why hide?No User Reviews. No Community. No Trust.
If 10,000 people used Blocktane, someone would be talking about it. Reddit’s r/CryptoCurrency has 4.2 million members. You’ll find dozens of threads about Kraken, Coinbase, and even lesser-known exchanges like Bitfinex. But search for Blocktane? Nothing. Not one thread. Not one comment. Not even a question. Trustpilot has over 9,700 reviews for Coinbase. Kraken has nearly 4,000. Blocktane? Zero. Not a single rating. That’s not because it’s new - it’s because almost no one is using it. Or worse - people tried it and left without saying anything because they couldn’t get their money out.
Can You Even Use It?
Let’s say you want to sign up. How do you do it? What documents do you need? How long does KYC take? What’s the fee for depositing USD? Can you trade BTC for USDT? Is there a mobile app? The answers? Unknown. Blocktane’s website doesn’t explain any of this. No FAQ. No support email. No live chat. No documentation. Compare that to Crypto.com, which lists every fee, every supported coin, and every verification step on their help center. Or even Binance - they have a 100-page user guide. Without this basic info, you’re flying blind. You can’t compare fees. You can’t plan trades. You can’t even know if you’re getting scammed. And if something goes wrong - say, your deposit disappears - who do you call? There’s no customer service number. No ticket system. No Twitter account responding to complaints.How Does Blocktane Compare to Real Exchanges?
| Feature | Blocktane | Kraken | Coinbase | Crypto.com |
|---|---|---|---|---|
| Tracked by CoinMarketCap | No | Yes | Yes | Yes |
| Public Trading Volume | Untracked | $1.2B/day | $850M/day | $900M/day |
| Proof of Reserves | Unavailable | Verified quarterly | Verified quarterly | Verified quarterly |
| Regulatory Licenses | None disclosed | Multiple U.S. state licenses | SEC registered | MSB, NYDFS, others |
| User Reviews (Trustpilot) | 0 | 3,841 | 9,742 | 7,215 |
| 24/7 Support | Unknown | Yes | Yes | Yes |
| Mobile App | Not confirmed | Yes | Yes | Yes |
Why Does This Matter in 2025?
The crypto market isn’t the wild west anymore. In Q3 2025 alone, the SEC filed 17 enforcement actions against unregistered exchanges. The message is clear: if you don’t follow the rules, you’re a target. Blocktane doesn’t just lack transparency - it lacks compliance. That means if it ever gets shut down, your funds won’t be protected. There’s no insurance. No legal recourse. No recovery process. Meanwhile, the top exchanges are adding features: Kraken launched new staking pools. Coinbase rolled out a redesigned interface with AI-powered trade suggestions. Crypto.com integrated fiat on-ramps in 12 new countries. Blocktane? Nothing. No updates. No announcements. No roadmap. Just silence.
Who Should Avoid Blocktane?
- Anyone who cares about security. No proof-of-reserves means your coins might not be there. - Beginners. No guides, no support, no educational content. - Traders who need liquidity. Without volume, your orders won’t fill. - Anyone who wants to cash out. If you can’t verify the platform’s legitimacy, you can’t trust it with your money.What Should You Use Instead?
If you want safety, transparency, and real performance, stick with exchanges that are tracked, audited, and reviewed:- Kraken - Best for security and low fees. 95% cold storage, quarterly audits.
- Coinbase - Best for beginners. Simple interface, SEC-regulated, easy fiat deposits.
- Crypto.com - Best for rewards. Earn interest, get cashback, use a crypto debit card.
- Binance - Best for advanced traders. 500+ coins, deep liquidity, low fees.
Final Verdict: Blocktane Is a Ghost Exchange
Blocktane sounds like a good idea on paper. But ideas don’t move markets - execution does. And Blocktane has shown none. No volume. No users. No audits. No support. No updates. Just a website that says it’s better than the rest. In crypto, trust isn’t built on resumes. It’s built on transparency. Blocktane refuses to be transparent. That’s not a minor flaw - it’s a dealbreaker. If you’re looking for a new exchange, skip Blocktane. It’s not worth the risk. Save your money. Use one that’s already proven it can be trusted.Is Blocktane a scam?
Blocktane isn’t officially listed as a scam by regulators, but it shows every red flag of a high-risk platform: no public data, no user reviews, no regulatory compliance, and no verifiable activity. In crypto, the absence of proof is often proof enough to avoid it. Treat it as untrustworthy until it proves otherwise.
Can I trust Blocktane with my crypto?
No. Without proof-of-reserves or any public audit, there’s no way to know if your assets are actually stored securely. Many untracked exchanges have disappeared overnight with users’ funds. If you don’t know where your crypto is, you don’t own it.
Why isn’t Blocktane on CoinMarketCap as tracked?
CoinMarketCap requires exchanges to provide real-time API data showing trading volume and reserve balances. Blocktane either doesn’t provide this data, or the data it provides doesn’t meet their standards for accuracy and consistency. That’s why it’s labeled as ‘Untracked’ - it fails to meet basic transparency requirements.
Are there any positive reviews of Blocktane?
No credible positive reviews exist. There are no verified user testimonials on Trustpilot, Reddit, CoinGecko, or any major crypto forum. The lack of feedback isn’t because it’s new - it’s because almost no one is using it. Platforms with real users generate hundreds of reviews within weeks.
What should I do if I already signed up for Blocktane?
Withdraw your funds immediately. Don’t wait for ‘updates’ or promises. Transfer your crypto to a wallet you control - not another exchange. Then, monitor your transactions. If you can’t withdraw, assume you’ve lost access. Never deposit more than you’re willing to lose on unverified platforms.