Amplify Exchange crypto exchange review: Does it even exist?

There’s no such thing as Amplify Exchange. Not in the way you think. If you’ve seen ads, YouTube videos, or Telegram groups pushing ‘Amplify Exchange’ as the next big crypto platform, you’re being targeted. This isn’t a real exchange. It’s a ghost. And if you’re thinking about depositing money there, stop. Right now.

What you’re being sold isn’t a crypto exchange

The name ‘Amplify Exchange’ sounds legit. It’s got that clean, techy vibe-like Binance or Kraken. But look closer. No major crypto review site lists it. Not CoinGecko. Not CoinMarketCap. Not even the obscure ones. The top exchanges in 2025-Binance, OKX, Coinbase, Kraken, Bybit, KuCoin-are all documented, regulated in at least one jurisdiction, and have millions of active users. Amplify Exchange? Zero verifiable presence.

There is an Amplify BLOK ETF, but that’s not an exchange. It’s an ETF managed by Amplify Investments LLC. It invests in blockchain companies like Coinbase, MicroStrategy, and Riot Blockchain-not in Bitcoin or Ethereum directly. You can’t trade crypto on it. You can’t deposit BTC. You can’t withdraw LTC. It’s a stock fund. Buying shares in this ETF is like buying shares in a company that owns crypto, not owning crypto yourself. Confusing the two is dangerous.

Then there’s Axway AMPLIFY Platform. That’s an API tool for enterprise software. Nothing to do with crypto. Nothing to do with trading. Just a tech product with a similar name. These are the only two real entities with ‘Amplify’ in their name. Neither is a crypto exchange.

Why do fake exchanges like this exist?

Scammers don’t build platforms. They build illusions. They take screenshots of real exchanges, copy the UI, tweak the logo, and launch a website that looks professional. Then they run ads on TikTok, Instagram, and YouTube targeting people who are new to crypto. The pitch? ‘Earn 5% daily returns.’ ‘Limited-time bonus.’ ‘Join 500,000 traders already on Amplify Exchange.’

It works because people want to believe. They see the green charts, the ‘withdrawal’ button, the fake testimonials. They deposit $500. Then $2,000. Then $10,000. The site shows their balance growing. Maybe they even get a small ‘withdrawal’ processed-just enough to feel safe. Then, one day, the site goes down. The Telegram group vanishes. The customer support email bounces. The money? Gone.

This isn’t theory. This happens every week. In 2024, the U.S. FTC reported over $1.2 billion lost to crypto scams. Most of them started with a fake exchange. Amplify Exchange is just the latest name on that list.

How to spot a fake crypto exchange

Here’s what real exchanges do that fakes never can:

• They’re registered with financial regulators-FinCEN in the U.S., FCA in the UK, ASIC in Australia. Amplify Exchange? No registration found anywhere.
• They publish real company addresses, legal teams, and compliance officers. Amplify Exchange? No address. No team page. No LinkedIn profiles for its ‘founders’.
• They have public audit reports from firms like CertiK or Hacken. Amplify Exchange? No audits. No code on GitHub. No transparency.
• They list real trading pairs: BTC/USDT, ETH/USDC, SOL/USDT. Not ‘AMPLIFY/USD’ or other made-up tokens.

If you can’t find a regulatory license, a physical headquarters, or a published security audit, walk away. Even if the site looks polished. Even if the customer service replies fast. Fake exchanges hire real people to run chatbots. They’re not dumb. They’re calculated.

What you should use instead

If you want to trade crypto safely, stick with platforms that have been around for years and have proven track records:

• Binance: Largest exchange by volume. 90+ million users. Supports 500+ coins. Strong security, but regulatory scrutiny in some countries.
• Kraken: Known for security. Offers up to 5x leverage on major pairs. Licensed in the U.S. and EU. No shady marketing.
• Coinbase: Publicly traded. Regulated in the U.S. Simple interface. Great for beginners.
• KuCoin: Strong for altcoins. No KYC for small trades. Popular in Asia and Oceania.
• OKX: Advanced tools, trading bots, and staking options. High liquidity.

All of these have public financial statements, audit reports, and active community forums. You can Google their names and find news articles, Reddit threads, and YouTube reviews from real users-not bots.

What to do if you already sent money to Amplify Exchange

If you’ve deposited funds, don’t panic. But don’t wait either.

1. Stop sending more money. No matter what they say-‘you need to deposit more to unlock withdrawals’-it’s a lie.
2. Take screenshots of your account, transaction IDs, and any communication with support.
3. Report it to your local financial authority. In New Zealand, that’s the Financial Markets Authority (FMA). In the U.S., file with the FTC at ReportFraud.ftc.gov.
4. Notify your bank or payment provider. If you used a credit card or PayPal, you might be able to dispute the charge.
5. Don’t pay a ‘recovery service.’ These are just the same scammers offering to get your money back-for a fee. They’ll take your second payment and disappear.

Recovering crypto from a fake exchange is nearly impossible. But reporting it helps others. Every report adds to the database that law enforcement uses to track these operations.

Final warning: If it sounds too good to be true, it is

Crypto is volatile. It’s risky. But it’s not a magic money printer. No exchange offers guaranteed returns. No platform asks you to ‘verify your identity’ by sending a selfie with a handwritten note-unless it’s a scam.

Amplify Exchange doesn’t exist. It never did. And if you’re reading this and still considering signing up, you’re one click away from losing money you can’t get back. Don’t be the next headline.

Stick to the big names. Do your own research. And never trust a platform you can’t find on a single reputable crypto review site.