Glossary

Wallets, Security & Custody

How do I recognise a fake crypto exchange or wallet app?

A fake crypto exchange or wallet app is a fraudulent application built to mimic a legitimate service so it can steal funds or credentials. Warning signs include a slightly misspelled name, very few or suspiciously recent reviews, an unverified developer, requests for your seed phrase, and download links shared through ads or direct messages rather than official channels. For example, a cloned app may copy a known logo but route deposits to the attacker's wallet. Verify the developer, install only from official sources, and cross-check the listing against the company's verified website.

Crypto investments are subject to market risk and volatility. Past performance is not indicative of future returns. This is general information, not investment advice — consider your own circumstances or consult a qualified adviser before investing.

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