TBBOB 
In this review we explain why you should not trade cryptocurrencies nor invest money with the Unique Exchange.
What is Unique Exchange
Unique Exchange is a cryptocurrency exchange. It will let you trade cryptocurrencies like Bitcoin, Dash, Ethereum and XRP.
It also can manage your crypto investments, there is a portfolio that includes the Unique Coin that you can invest in for a duration of at least five years.
But is Unique Exchange legit?
Stay away
There are several reasons for avoiding Unique Exchange, one of them being a link to a proven investment scam. We go through all the main ones in this review.
Blacklisted by a regulator
The first thing you should know about Unique Exchange is that it has been blacklisted by a financial regulator, namely by the FINMA in Switzerland.
The Swiss regulator said that Unique Exchange is not registered in Switzerland. It means that according to the regulator, the exchange is offering financial services in Switzerland without being authorized to do so.
Such warnings should not be taken lightly, because it means that the exchange is not respecting the laws and procedures in Switzerland, so it had to be blacklisted by the local national financial regulator.
High fees and withdrawal limits
One aspect of every crypto exchange that you always have to consider is the fees. And with the Unique Exchange there are very high, at a level that is not competitive at all.
2.5% on smaller deposits, including SEPA, is just too high. But what is really outrageous, is the fees for cryptocurrency transfers, namely for XRP.
Because a transaction fee in the XRP Ledger usually is 0.00001 XRP, but Unique Exchange asks for 50 XRP! It is thousands times more than what is the real fee.
On top of that, the exchange imposed a withdrawal limit of 5000 EUR/USD per week and person, which is not a good sign. It suggests that the exchange ran into liquidity problems. They don’t limit deposits but they limit withdrawals? What does it tell you?
Beware of the Unique Coin
The exchange is selling its own Unique Coin to its users within the investment package called the Big 5. The problem is that Unique Coin is not traded on any real exchange.
Basically it looks like Unique Coin is traded only on the Unique Exchange, so they are selling you something for a price that they decided without any real supply and demand forces that normally work everything out in the open markets.
So if Unique Exchange goes down, you will not be able to sell your Unique Coin anywhere, it will be completely worthless. It probably already is worthless, because the exchange clearly is connected to a scam.
Weird investment portfolio
We’ve already touched the subject, the Unique Exchange offers an investment portfolio called the BIG 5 that you can invest in.
Not only it includes the problematic Unique Coin as explained above, but it also shows weird projections for two years to come.
It is suggesting that you will make 380% on your investment if you started in 2019 and will end in 2024. It is difficult to understand what the exchange means by this presentation, but it goes to show how unprofessional this whole project is.
Paraiba Connection
Perhaps the biggest red flag that we found during our Unique Exchange investigation, is its connection to the Paraiba scam.
Paraiba World is an investment scam that has been running a failing Ponzi scheme. A lot of people are complaining that they have lost money in it and several financial regulator from different countries have already warned against Paraiba.
The Unique Exchange platform obviously is integrated with Paraiba, as you can see in our picture below. So it is directly connected to a confirmed scam, which is the biggest reason for staying away from it.
In fact, Unique Exchange seems to be an integral part of the Paraiba scam ecosystem that includes the unregulated Unique Private Bank and its Hybrid Certificate.
Unique Exchange review – Conclusion
Unique Exchange is a crypto exchange with high fees that is linked to the Paraiba scam and it has been blacklisted by at least one financial regulator. That is why you have to stay away from it.
If you are interested in cryptocurrency investing, we suggest trying it on a demo account with a regulated platform.
You can invest real money only when you are sure that you understand the risks and when you have a real strategy.
Have you heard complaints from people who are investing in Paraiba? Because I don’t. And at the moment Paraiba is no more, it’s been converted into a new system. Trillant. The max of 5000 of withdrawel per week is only during the transition from Paraiba to Trillant. Please get your facts right before you write an article.
I have my facts right, they’re in the review.
Hey am trying to withdraw my crypto and its taking alot of time i don’t know why. Can you help me?
If your talking about Trillant crypto….your out of luck….there is no exchange to make the transaction
Trillant token can’t be converted to dollars…there is no connection to any crypto exchange to do that…your stuck with toilet paper
I invested in Paraiba because a friend asked me to and I trusted that friend. That will be the last and only time I make any investment based on “well my friend said it was a good idea”. It is my fault I should have done my own research. That said, The company is horrible. It is truly a scam. I have been trying to get my money out now for over 6 months and nothing. I have never seen one penny since i made my initial deposit. They keep changing how much we can withdraw and if you try to many times they just cancel all your requests. Then they sent out an email saying because to many people were trying to withdraw and that some had tried going around them to the bank themselves that they were putting a halt on all withdrawals “until further notice.” It has been a nightmare. And I have never been able to actually speak with anyone. I have tried many times to get a hold of someone but nothing. I have written off the money I have invested with them as a complete loss. I never expect to see any of it back. anyone claiming that its a legit company is clearly working for that company because the few people I know who have invested in it have the same complaints I do. They are HORRIBLE, They are Thieves, But I guess I have to give them credit, They fooled a lot of people. They are good at what they do. They are scam artists not investors.
James Opinion, your review and article since 2020 you make noise about PARAIBA. But the company is going stronger and levelling up to new horizon and helping people to make profit…
If i were you try to open an account in PARAIBA and start making profit too…
What are you talking about? Paraiba stopped paying and is blacklisted by regulators.
hi there, I made with Paraibe (now Trillant) and Unix 100% positive experience, Eric and his crew are cool people they know what to do; there is lots to Loser talking I feel sorry for them
Don’t feel sorry for people who warning against this Ponzi scheme, there really is no need.
Hi James, i have heard about this one… where can you see what regulator has blacklisted unique?
The link is in the review: https://www.finma.ch/en/finma-public/warning-list/unique-exchange-_-unique-crypto-llc/
I invested in Paraiba because a friend asked me to and I trusted that friend. That will be the last and only time I make any investment based on “well my friend said it was a good idea”. It is my fault I should have done my own research. That said, The company is horrible. It is truly a scam. I have been trying to get my money out now for over 6 months and nothing. I have never seen one penny since i made my initial deposit. They keep changing how much we can withdraw and if you try to many times they just cancel all your requests. Then they sent out an email saying because to many people were trying to withdraw and that some had tried going around them to the bank themselves that they were putting a halt on all withdrawals “until further notice.” It has been a nightmare. And I have never been able to actually speak with anyone. I have tried many times to get a hold of someone but nothing. I have written off the money I have invested with them as a complete loss. I never expect to see any of it back. anyone claiming that its a legit company is clearly working for that company because the few people I know who have invested in it have the same complaints I do. They are HORRIBLE, They are Thieves, But I guess I have to give them credit, They foold a lot of people. They are good at what they do. They are scam artists not investors.
I agree , its a total scam. I have a lot of money invested into Paraiba. The lies are never ending, they limited withdrawals at 0.15 btc/week saying its enough for everybody… after that was 0.15/ every 4 weeks . They kept lieing they are catching up… guess what ? Now they are at least 9 weeks behind. Now they got their own crypto token… which they will crash and make their legit exit plan. Stay away from these projects. You have been warned!
daniel, who brought you into paraiba and where are you from?