Crypto Exchange Safety Checker
Select items from the checklist above to begin evaluating an exchange.
Based on our research, the 'RadioShack' exchange shows the following red flags:
- No licensing information
- No audit reports
- Missing team bios
- Absence from major data aggregators
- Unusual brand association
Quick Take
- There is no verifiable RadioShack crypto exchange on the Fantom network.
- Fantom (FTM) is a DAG‑based blockchain offering sub‑second transactions and near‑zero fees.
- Real DEXs like SpookySwap and Equalizer dominate Fantom’s trading landscape.
- Before trusting any unknown exchange, check licensing, audits, KYC, and community reputation.
- Use a safety checklist to protect your funds on Fantom.
What’s the deal with the "RadioShack" exchange?
When you hear the name RadioShack being tossed around as a crypto exchange on the Fantom blockchain, it feels a bit like spotting an old electronics store sign in a futuristic city. A quick sweep of the major blockchain explorers, forum threads, and news aggregators turns up zero solid references. No whitepaper, no audit report, not even a social media profile that’s been verified by the community.
That void of information tells us two things: either the platform never existed, or it’s so obscure that it hasn’t attracted any meaningful users or coverage. For anyone looking to trade on Fantom, the safest bet is to stick with exchanges that have a clear track‑record.
Fantom at a glance - the tech behind the hype
Fantom is a DAG‑based smart‑contract platform that launched its ICO in June 2018. Instead of a single chain of blocks, Fantom uses a Directed Acyclic Graph (DAG) architecture, which lets many transactions be processed in parallel. The consensus engine, Lachesis, runs a leaderless asynchronous Byzantine Fault Tolerance (aBFT) protocol. This means the network can confirm a transaction in about one second with a cost of roughly $0.0000001.
Key people driving the project include Michael Kong (CEO) and Andre Cronje (DeFi architect). Their combined experience gives the ecosystem credibility among developers.
The native token, FTM, serves three core purposes: staking for network security, paying transaction fees, and acting as a governance token. Out of a total supply of 3.175billion, about 2.1billion are circulating. Validators must lock a minimum of 3.175million FTM to run a node, creating a high barrier against malicious attacks.
Real decentralized exchanges on Fantom
Even though the RadioShack name is missing, Fantom’s DeFi scene is bustling. The biggest players are SpookySwap and Equalizer. Both offer low‑fee swaps, liquidity provision, and farmable rewards. Below is a quick side‑by‑side look.
| Platform | TVL (USD) | Average Swap Fee | Unique Feature |
|---|---|---|---|
| SpookySwap | $85million | 0.30% | Cross‑chain bridge to Ethereum and BSC |
| Equalizer | $16.7million | 0.25% | Integrated lending & borrowing markets |
| Beefy Finance | $32million (vaults on Fantom) | N/A (yield optimizer) | Auto‑compounding vaults across multiple protocols |
How to vet a crypto exchange - the checklist you need
If you stumble upon a new platform, run through this mental checklist before you ever click “Connect Wallet”.
- Regulatory status: Are they registered in a jurisdiction that enforces AML/KYC rules? Look for a license number on the footer.
- Smart‑contract audits: Reputable auditors (e.g., CertiK, PeckShield) should have published reports. No audit = high risk.
- Team transparency: Real names, LinkedIn profiles, or GitHub activity help prove they’re not a ghost crew.
- Community signals: Check Reddit, Telegram, and Discord for active discussions and developer replies.
- Fee structure: Hidden gas fees or wildly favorable spreads often hide a profit‑taking scheme.
- Wallet compatibility: Does the platform support the native Fantom wallet address format, or does it force you onto an ERC‑20 wrapper?
- Withdrawal limits: Some shady exchanges cap withdrawals until you meet unreachable thresholds.
- Security practices: Two‑factor authentication, hardware‑wallet whitelisting, and anti‑phishing codes are must‑haves.
Red flags that suggest the RadioShack exchange is a mirage
Applying the checklist above makes the gaps obvious:
- No licensing info - the site (if it exists) doesn’t list a regulator.
- No audit reports - a legitimate exchange always publishes at least one audit.
- Missing team bios - we can’t find any founders, developers, or even a contact email.
- Absence from major data aggregators - sites like CoinGecko, CoinMarketCap, and DappRadar never mention it.
- One‑word brand on a different industry - “RadioShack” is historically a US electronics retailer, not a blockchain venture.
All of these points converge on a single conclusion: the platform is either a dead project or a potential scam. Trust your instincts and stay on recognized DEXs.
Safe trading on Fantom - practical steps
Even without RadioShack, you can still enjoy Fantom’s ultra‑fast, cheap trading. Here’s a simple workflow:
- Set up a native Fantom wallet (e.g., MetaMask configured for the Opera network or Fantom Wallet app).
- Transfer FTM from a reputable centralized exchange (Binance, Kraken, etc.) to your wallet using the native FTM address.
- Visit a vetted DEX like SpookySwap and connect your wallet.
- Swap FTM for the desired token, double‑checking the slippage tolerance (usually 0.5‑1%).
- If you want to earn yield, move the token into a Beefy Finance vault - the platform auto‑compounds rewards.
- Keep a small amount of FTM in your wallet to cover future gas fees; the cost is virtually negligible.
Stick to this routine, and you’ll dodge most of the pitfalls that a phantom exchange would throw at you.
Frequently Asked Questions
Is there a legit RadioShack crypto exchange on Fantom?
No. Comprehensive searches across blockchain explorers, major DEX aggregators, and reputable news sites turn up no evidence of a functional RadioShack exchange on the Fantom network.
What are the biggest DEXs I can use on Fantom?
SpookySwap and Equalizer are the two highest‑TVL platforms on Fantom, offering sub‑second swaps with fees below 0.3%.
How do I know if a new exchange is safe?
Run the checklist: check for regulatory licensing, audit reports, transparent team info, active community, clear fee schedule, and robust security features like 2FA and hardware‑wallet whitelisting.
Can I trade FTM on Ethereum bridges?
Yes. You can use cross‑chain bridges such as Multichain or the native SpookySwap bridge to move FTM between Fantom and Ethereum, but remember bridge fees and possible delay.
What’s the typical cost of a Fantom transaction?
Around $0.0000001 per transaction - essentially free for most retail users.
Angie Food
March 9, 2025 AT 23:12RadioShack? Nah, jus anothr scam.
Jonathan Tsilimos
March 13, 2025 AT 10:32The exposition delineates the regulatory lacunae and the absence of third‑party audit attestations, thereby substantiating a heightened risk profile. Moreover, the dearth of transparent team disclosures exacerbates the credibility deficit. The checklist methodology employed aligns with industry best practices, yet the execution appears superficial. In sum, the platform fails to satisfy the minimal compliance threshold requisite for prudent capital allocation. Stakeholders are advised to reallocate exposure toward vetted DEXes such as SpookySwap.
jeffrey najar
March 16, 2025 AT 21:52Alright, let me break this down step by step so you don’t have to hunt through the whole article again.
First, the biggest red flag is the complete lack of licensing information – legitimate exchanges always display a regulator’s license number somewhere on their site.
Second, there are zero audit reports; reputable projects will link to a CertiK, PeckShield, or similar audit.
Third, the team is a ghost – no LinkedIn, GitHub, or even an email address that you can verify.
Fourth, it doesn’t show up on any major data aggregators like CoinGecko or DappRadar, which most legitimate platforms do.
Fifth, the brand name “RadioShack” belongs to an old electronics retailer, making the whole thing look like a copy‑paste stunt.
Sixth, the fee schedule is either hidden or unrealistically low, a classic lure for unsuspecting users.
Seventh, wallet compatibility is unclear – if they force a wrapper token, that’s another warning sign.
Eighth, the withdrawal limits appear either non‑existent or absurdly restrictive.
Ninth, security features such as 2FA or hardware‑wallet whitelisting are not mentioned at all.
Tenth, community signals are absent; there’s no active Telegram, Discord, or Reddit presence.
Eleventh, the smart‑contract code isn’t public, so you can’t even audit it yourself.
Twelfth, the website design is rudimentary and lacking in professional polish.
Thirteenth, the FAQ section is empty, which is unusual for any serious exchange.
Fourteenth, there are no clear contact details for support.
Fifteenth, the overall vibe is that of a hastily assembled copy‑cat project.
Sixteenth, the safest route is to stick with established DEXes on Fantom like SpookySwap or Equalizer, which have proven track records and transparent operations.
Rochelle Gamauf
March 20, 2025 AT 09:12From an analytical standpoint, the author’s conclusion is unsurprising given the plethora of omissions. The absence of regulatory credentials alone warrants disqualification. Additionally, the lack of audited code undermines any semblance of technical integrity. One must also consider the brand misappropriation; leveraging the RadioShack name without affiliation is a disingenuous tactic. The omission of a verifiable team further erodes trust, as accountability cannot be established. In the broader ecosystem, such projects typically fail to secure liquidity, resulting in inevitable collapse. Consequently, prudent investors should allocate capital solely to platforms with demonstrable compliance and community endorsement.
Jerry Cassandro
March 23, 2025 AT 20:32If you’re looking for a quick way to get started on Fantom, the best practice is to use a native wallet like MetaMask configured for the Opera network, then move your FTM from a reputable centralized exchange. Once you have FTM in your wallet, head over to SpookySwap – it’s user‑friendly and offers a clear fee breakdown. Remember to set your slippage tolerance low (around 0.5‑1%) to avoid unexpected price impact. After swapping, you can farm tokens in Beefy Finance vaults for auto‑compounding yields. Keep a small amount of FTM in your wallet to cover future gas; it’s virtually free. This workflow sidesteps any dubious platforms and keeps your assets safe.
Parker DeWitt
March 27, 2025 AT 07:52🛑 Hold up, everyone jumping on the "RadioShack is a scam" hype! 🤔 Maybe it’s just an under‑the‑radar project that hasn’t gotten media love yet. New tech often gets dismissed before it proves itself. Who’s to say the brand couldn’t pivot into DeFi? Keep an open mind, folks. 💡
Allie Smith
March 30, 2025 AT 19:12hey, i get u reallyy want to stay positive 😎 even if the radishack thing looks sus, i think it’s good to keep eyes open for any new opportunity – just do your own checks and don’t put all ur coins in one pot. 🌱 good vibes!
Lexie Ludens
April 3, 2025 AT 06:32Well, look at you, trying to sound all scholarly while the facts scream otherwise. The absence of any verifiable data is not a “mystery” – it’s a red flag waved high. Your dramatics do nothing but distract from the glaring omissions. Stick to the checklist, or keep your rumors to yourself.
Aaron Casey
April 6, 2025 AT 17:52The systematic evaluation of exchange integrity should prioritize regulatory licensing, smart‑contract audit provenance, and transparent team composition. Absence of these core pillars materially elevates operational risk. Moreover, lacking community engagement metrics further diminishes confidence. In practice, end‑users are advised to allocate resources toward platforms that demonstrably satisfy these criteria.
Leah Whitney
April 10, 2025 AT 05:12Great point, Aaron. I’d add that newcomers should also verify the presence of 2FA and hardware‑wallet whitelisting before committing any capital. It’s those little security features that often make the difference between a safe trade and a lost wallet.
Lisa Stark
April 13, 2025 AT 16:32It’s fascinating how quickly the community discards a project when it lacks the usual markers of legitimacy. Yet, one could argue that innovation sometimes emerges from the shadows before it steps into the light. Still, the precautionary principle advises us to favor established ecosystems until concrete evidence surfaces.
Logan Cates
April 17, 2025 AT 03:52Honestly, the whole "no info" thing is a classic sign of a shadow operation. They’re probably pulling the strings behind some bigger scam. Stay away, or you’ll end up buying the cotton candy at a haunted carnival.
Shelley Arenson
April 20, 2025 AT 15:12👍 Thanks for the thorough breakdown! I appreciate the clear steps and the heads‑up about the hidden fees. 🙏 It really helps to have a concise guide when navigating new DEXs.
Joel Poncz
April 24, 2025 AT 02:32Glad you found it useful! If anyone has trouble setting up the Fantom network on MetaMask, just let us know – happy to walk you through the RPC settings.
Kris Roberts
April 27, 2025 AT 13:52Just a heads‑up for anyone diving into Fantom: keep a tiny stash of FTM for gas, even though it’s virtually free. Also, double‑check the contract address on the official SpookySwap site to avoid phishing clones.
lalit g
May 1, 2025 AT 01:12Thanks for the reminder! Peace of mind is key – I always verify the URL and use a hardware wallet when possible.
Reid Priddy
May 4, 2025 AT 12:32While everyone is quick to label anything unknown as a scam, we should remember that not all data is publicly indexed. Some legitimate projects operate under the radar until they achieve critical mass. Dismissing them outright may close doors to future innovation.
Shamalama Dee
May 7, 2025 AT 23:52That’s a fair point, Reid. It’s always good to stay open‑minded, but I’d still advise doing thorough due‑diligence before committing funds.
scott bell
May 11, 2025 AT 11:12I’ve been wondering why the community doesn't mention any bridge issues with FTM. Could there be hidden costs when moving assets between chains? It would be helpful if someone could shed light on the typical fees and any latency they’ve experienced with Multichain or the native SpookySwap bridge.
vincent gaytano
May 14, 2025 AT 22:32Oh sure, the “bridge fees” are just a myth invented by the deep‑state to keep us afraid of moving our money. In reality, it’s all a conspiracy to funnel tokens into secret vaults. Don’t trust anyone.
Dyeshanae Navarro
May 18, 2025 AT 09:52Bottom line: use known DEXes, keep your wallet secure, and always double‑check URLs.