ULTRAPRO BLOCKCHAIN TECH PRIVATE LIMITED, based in India, owns and operates this website. Even though the company is founded only in Q3 2024, it talks in detail about the history of the project, its team, and even offers to compare its services online with the best global crypto exchanges. However, we decided to test the firm’s offerings and its legal aspects.
Do you want to cooperate with this platform that promises a lot of prizes? Don’t hurry, read our Ultrapro Exchange review first, you may want to give up on your intentions.
How to Trade
The firm offers clients to work with its iOS and Android apps. On its website you will find information about more than 10 million users from 230 countries and an average daily volume of $15M. You can take advantage of the following offerings:
- More than 150 cryptocurrencies and NFTs to trade.
- Welcome bonus 25 USDT.
- 2 USDT for subscribing to 6 official accounts.
- 2 USDT for each referral in the Affiliate Program.
You can exchange and trade cryptocurrency through a crypto wallet created on this platform. However, you cannot know the trading conditions until you register an account.
Additional services offered by the company include free training at Ultrapro Academy via video tutorials. 24/7 support is also available on social media.
Ultrapro Exchange Vital Info
The founders of the platform inform us in the “About Us” section that the exchange is a product of Ultrapro Blockchain. The development of Upro Coin and ultraproscan.io in 2023 became the starting point for the team in the process of building DeFi and NFT crypto platforms. The founding date listed on the website coincides with the domain registration date – July 2024. However, we are confused by the fact that the impressive statistics are not supported by financial statements or other documents.
Since there are no supporting documents on the website of the beautiful story of the young Ultrapro Exchange platform, we decided to check its registration. Indeed, we found ULTRAPRO BLOCKCHAIN TECH PRIVATE LIMITED in the register of legal entities in India. However, the company’s activities are purely educational and there is no mention of intermediary services for trading crypto assets.
I could say a lot of good things about this cryptocurrency app, but I believe that the main plus of Ultrapro Exchange is the reliability of execution of all transactions. This company is really friendly to its clients and it is a perspective project. The platform is designed conveniently, everything is accessible and understandable, even a child could understand the functionality. However, there are disadvantages in the long wait for transactions, but you agree to the proposed conditions, so you have to wait until the stated time frames pass and you do not have to be frightened that you can not cancel everything instantly.
You know, I've met quite a few scammers like this along the way. As a rule, if a company talks a lot about prospects and doesn't offer anything now, it's all scam! The site ultraproex.com has only recently appeared, they have no right to promise great service, they don't have any reputation in the crypto community yet. It's just a brazen trick: to compare an unknown platform with the leaders of the crypto industry. But if you believe the scammers, you will not get richer, that's for sure!!!!
After thoroughly analyzing the crypto market, I chose the Ethereum cryptocurrency to work on ULTRAPRO EXCHANGE, relying on their promises of low spreads. However, when the price went up, I found that my order was closed at a level well below the market price, with the spread was an astronomical $70, leaving me with a loss of $2,365… This seemed like an incredible scam to me and my attempts to get an explanation were met with a wall of silence from the support team.
If you want to make money in the cryptocurrency market, you should trade better on the spot market. I tell you this as someone with experience who tried to trade derivatives myself, but my starting capital of $3,400 quickly disappeared. It happened on this very site, which is constantly working with failures! Firstly, ULTRAPRO EXCHANGE has an extremely low reputation on the Internet. Secondly, the service is presented on some aggregators, but there is very little information about it. And thirdly, I have not seen any offers for fiat money, there is only crypto here. You will be cheated here, just like me.
I was looking for a good resource for trading that would not charge huge commissions from clients and would be more loyal to traders. I found this Ultrapro exchange which piqued my interest as I hadn't heard much about it before. However, it only offers cryptocurrencies and no fiat currencies yet. I traded LTC here and got about 1650$ net profit for a month. I have all this thanks to low commissions - 0.05 percent for 1 trade.
I do not recommend you get involved with this dubious exchange. I never understood what the advantages of Ultrapro exchange are, but it seemed to me that it is some kind of scam, nothing more. So ok, there are NFT and crypto assets, so what? Is the company officially registered or not? Where's the spot? Whether there is a spot is unknown. In addition, I did not notice ultraproex.com in the top crypto monitoring. More precisely, there is information about this company, but very little, only the date of founding is indicated, and a link to the site, to the Twitter account, etc., but a detailed listing is not published, there is no detailed proven data on the success of the site. My question is: why are users trading here? On the site, where you can not even check the turnover! I do not understand. So, my conclusion is very simple - you should not get in touch with the Ultrapro exchange platform, as you may have problems with the withdrawal of funds. I will note that the problems will not only be with the withdrawal of funds, but also with the trading itself. Crypto exchanges can easily manipulate quotes on their terminals, you can understand this by the fact that where there will be a zone of huge volume of liquidations, a non-existent spike will be directed there to knock everyone out not just on stop losses, but also to give them margin calls. I also recommend not borrowing from them. Only work with your own money, with spot assets, not pretty wrappers.
I want to understand that I will not be scammed here, that the money will not be misappropriated by the administration of this platform. In this case, I want to see at least some documents on the registration of the company and from the regulators, confirming the integrity of the firm. So far I do not see another document that I need, namely insurance. This is strange, because the platform really exists on the market, ultrapro exchange is presented on social networks, people invest money in it, earn money with this platform and so on. At least, I know several users who have withdrawn profits from ultraproex.com. But what should I do about verifying the documentation? I will decide to register an account on this site only when I get trading conditions, see the terminal and at least some response to my inquiry to tech support regarding legitimacy. I don't want to pass by such a functional site.
There is a questionable place for crypto trading. Unless you are from India or nearby countries, you should not trade here. Though it is not illegal, I advise you to do so for the safety and security of your crypto capital. You should understand that this is an Asian exchange, which has not yet developed many of the necessary features, and the information on its official website tells us only about vague prospects, rather than providing a full-fledged service. If you are from a European country, you can easily use your crypto-assets in more reliable places, because when you transfer money to your wallet on ULTRAPRO EXCHANGE, it actually goes to the wallet that belongs to the creators of this platform. It is also possible that you will be required to undergo a verification procedure during the transaction, supposedly to make sure that you do not have criminal intentions. Security officers will check your documents endlessly, and you will not be able to withdraw money without KYC and you will have nowhere to complain. This is a classic of the genre! Trade only on trusted exchanges like Binance, Bybit, OKX, they work all over the world, have translations in all languages, have competent technical support and so on. There are real custodial wallets, not the wallets of project managers. There is also all the information about crypto exchanges - what is their turnover, what listing and so on. Here it is not clear to me what resources the company has, and whether they do not fake views and reactions in their profiles on social networks. Finally, I would like to draw your attention to one point. How did they manage to gain over 10 million users in two months of work? Doesn't that seem strange and a bit fake to you?