Sparrow Crypto Exchange: What It Is, Why It’s Not Real, and Where to Trade Instead

When people search for Sparrow crypto exchange, a platform that doesn’t exist but is being used in phishing scams to steal crypto. Also known as Sparrow Exchange, it’s a fake brand created by scammers to trick users into connecting wallets or sending funds. There’s no official website, no team, no history — just fake social media posts and YouTube videos pushing a non-existent trading platform. If you’ve seen ads promising low fees or free tokens on Sparrow, you’re being targeted.

These scams often copy real exchange designs — like Binance or OKX — and use fake testimonials to look legit. They’ll ask you to deposit a small amount first, then vanish with your crypto. The same pattern shows up in other fake platforms like Amaterasu Finance and ZKE Exchange, both of which turned out to be ghost operations with zero activity. What these scams have in common? No transparency, no regulatory registration, and no way to contact support. Real exchanges like Uniswap or PancakeSwap publish their team names, code audits, and legal details. Fake ones hide everything.

Scammers rely on confusion. They mix real names like CoinMarketCap airdrop, a legitimate reward system used by real projects to distribute tokens to users with fake ones like Sparrow to make their lies feel more credible. You might see a post saying, "Claim your Sparrow tokens via CoinMarketCap" — but CoinMarketCap doesn’t run exchanges or airdrops for random tokens. It’s a price tracker. If someone tells you to send crypto to a Sparrow wallet to claim a CoinMarketCap reward, it’s a scam. Same goes for claims about TOWER, xSuter, or RING airdrops — all of which are also fake as of 2025. These aren’t bugs in the system. They’re deliberate traps.

What you’re seeing in the posts below isn’t just a list of bad exchanges — it’s a pattern. TradeSatoshi shut down in 2019. BitForex vanished in 2024 with $56 million missing. QiSwap isn’t even an exchange — it’s a low-liquidity token with no real trading volume. These aren’t outliers. They’re proof that the crypto space is full of fake platforms hiding behind fancy names and empty promises. The only way to stay safe is to know the signs: no KYC? Red flag. No team info? Red flag. Pressure to act now? Biggest red flag of all.

Below, you’ll find real reviews of exchanges that either shut down, never existed, or are dangerously opaque. You’ll also see how to spot the next fake platform before you lose money. No hype. No fluff. Just facts about what to avoid — and what to use instead.