Tenadex is presented to us as the number one decentralized cryptocurrency exchange with advanced features, 24/7 live support, and over 13 million registered members. However, these stellar claims accompany many other surrounding issues, which include significant red flags associated with the platform that might pose serious liabilities for traders. This review of Tenadex will determine whether it is a secure platform or just another scam aimed at unsuspecting investors.
Tenadex Broker Overview
- Website: https://tenadex.com/
- Website Availability: Yes
- Address: United States
- Warning Notices: Not Recommended By Review Website Like Brokers Reviewer
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
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We’ve created a short video summarizing the key red flags of Tenadex. Watch it here:
Is Tenadex a Regulated Broker?
No, Tenadex isn’t a regulated broker. Several sources and their website state no regulations listed, and not a single regulatory authority is referenced to supervise Tenadex. The lack of regulation is a major warning sign for any platform involved in financial transactions with crypto assets.
What Do the Reviews Say About Tenadex?
The Tenadex review ratings on trusted sites such as Trustpilot and Reviews.io are alarming. It has a TrustScore of 1/100 and a Trustpilot rating of 1.9 out of 5, and every unfavorable user review points out:
- No support or communication
- Withdrawal issues (minimum of $200 to withdraw, but no response once the initial withdrawal request is made)
- Transparency issues
- Misleading claims and promotions
These negative user experiences serve to reinforce the doubt about Tenadex’s legitimacy.
Who Owns and Operates Tenadex?
There is no confirmation of who owns Tenadex. A WHOIS review shows that the owner of the domain is shielded. Furthermore, Tenadex uses a registrar that is easily used by scam websites to hide their information, a common trait among fraudsters who do not want to take accountability.
Is Tenadex Listed on Any Blacklists?
Surprisingly, Tenadex is also not blacklisted by any regulatory body. However, that does not imply that it is safe. Many unregulated brokers will “fly under the radar” for extended periods, violating or scamming users without notice until there are mass complaints.
What Cryptocurrencies Does Tenadex Offer?
Tenadex offers trading in popular cryptocurrencies like:
- Bitcoin (BTC)
- Ethereum (ETH)
- BNB
- Solana (SOL)
- XRP
But even with these offerings, without regulatory oversight, users are completely exposed to the risk of losing their funds.
Does Tenadex Provide Contact Information?
No, there was never contact information on the Tenadex Website. There’s no email, phone number, or physical address to get hold of to help or dispute charges.
Are the Website’s Claims Trustworthy?
Tenadex advertises:
- Over 13M users
- $4.13B in 24-hour trading volume
- 548.29% Lend & Earn APR
- Bank-grade security
These claims are not verifiable, and considering the flood of negative reviews and lack of regulation, they should be treated with extreme caution.
Final Verdict: Is Tenadex a Scam?
According to our findings, Tenadex is a highly risky platform. Tenadex has zero regulation, undisclosed ownership, no contact details, and a wholly negative user history, indicating that this is an exchange to avoid and all users are strongly advised not to invest in Tenadex for any reason.
Lost Money to Tenadex? Here’s How to Recover It
If you or someone you know has been cheated by Tenadex or any other dubious broker, it is important to take action quickly. Visit BrokersReviewer.com, which is a reputable site to help victims of crypto and broker scams. We provide expert advice, case assessments, and recovery options to help you recover your investment.
Do not keep it silent. Report the scam and begin your recovery with BrokersReviewer.com today.
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