Have you recently stumbled upon an app called DhanPayX and thought,
“This looks interesting. Easy profits? Quick USDT to INR conversions? Maybe I should try it…”
Hold that thought.
Before you even think about transferring your hard-earned crypto, let’s walk through what this platform claims, what users are experiencing, and why so many red flags are waving like it’s a parade.
What is DhanpayX?
If you’ve recently come across DhanPayX and wondered whether it’s the next big thing in crypto trading or just another trap waiting to spring, you’re not alone.
Many people have been asking the same question after seeing ads, Telegram promotions, or “high-return” offers floating around.
On the surface, DhanPayX claims to be a digital asset trading and conversion platform where users can convert USDT to INR instantly or earn impressive daily returns.
Sounds great in theory. But once you start looking deeper, the cracks begin to show.
The platform’s domains are newly registered, ownership is hidden, and the website pushes users to download APKs outside official app stores.
These are early signs that something isn’t quite right.
The more you explore, the more it feels like the story that begins with promise but doesn’t end well for those who trust too easily.
Is DhanPayX Safe?
Let’s address the question upfront: Is DhanPayX safe to use?
Based on publicly available data, there are several red flags:
- The domain is newly created and lacks any transparent company information.
- Ownership is hidden behind privacy protection services.
- Traffic to the website is extremely low, indicating a lack of a real user base.
- Trust-score platforms rate it as suspicious or unreliable.
- The platform encourages deposits with the promise of “guaranteed” returns or faster withdrawals, a pattern often seen in Ponzi or investment scam operations.
And one of the biggest red-flag there is no contact information or about us section on the website.
Further, the website provides a link to download the APK file, which makes it highly suspicious and risky.
To make matters worse, DhanPayX appears to operate with an unusually aggressive marketing pitch, pressuring users to “recharge,” “upgrade,” and “deposit quickly” to unlock higher earnings or faster payouts.
These tactics are rarely used by legitimate financial platforms.
Apart from this, the platform promotes referral and commission based model that gives hint of Ponzi Scam.
When you put these indicators together, the conclusion becomes quite clear: the safety of DhanPayX is highly questionable.
DhanPayX Telegram Channel
One of the biggest sources of concern is how the platform behaves on Telegram. Their channel uses a friendly, almost overly enthusiastic tone. Messages like “Good morning family, let’s earn big today” or “Limited-time high rates, recharge now” appear frequently.
This tone may seem harmless, but in the context of financial platforms, it’s a tactic used to create false trust and urgency.
Now, just have a look at one of the messages on Telegram:
So, it’s not only some fake exchange platform but also seems like a crypto ponzi scheme by promoting:
- Daily income schemes.
- Agentship programs
- Minimum investment amount
- 8% daily returns.
- Time-limited deposit bonuses are designed to push users into depositing quickly.
Taken together, these elements-high returns, referral-based commissions, heavy pressure to deposit, and promises of guaranteed payouts-strongly resemble the structure and behavior of a Ponzi-type setup.
DhanPayX Complaints
What are actual users saying? Unfortunately, the feedback from those who have interacted with DhanPayX is troubling.
Several users report:
- Deposits are being accepted, but withdrawals are never arriving
- Customer support is disappearing after confirming receipt of funds
- Requests to deposit more money to “unlock” withdrawals
- Suspicious wallet addresses and sudden communication drop-offs
- Early payouts are used to build trust, followed by complete silence once larger amounts are deposited
Case 1: 500 USDT Lost After DhanPayX Confirmed Deposit
One of the DhanPayX users reached out to us and reported how he had come across a platform called DhanPayX, which was presented to them as a legitimate crypto-to-INR service.
He mentioned that representatives from the platform had contacted him through social media and assured them of instant payouts.
According to the user, he transferred 500 USDT to the wallet address provided by the platform, and although the transaction was acknowledged, the payout never arrived.
They stated that all communication eventually stopped, and the wallet address became inactive. It was only at that point, they said, that they realized the platform was not what it had claimed to be.
When multiple people share similar experiences, it becomes hard to treat these as isolated incidents.
Case 2: USDT Transferred but No INR Received
A recent fraud reportedly began when the user followed instructions from DhanPayX on its website and Telegram channel.
The user was asked to transfer 1045.58 USDT (approx ₹1,00,000) from his wallet using any wallet on a legitimate platform such as Binance, using the TRX network.
DhanPayX acknowledged receipt of the funds. Shortly after, all communications went dead. No INR was credited back, no settlement came, and the wallet/address went silent.
In a nutshell: money transferred, confirmation provided bu there was no Payout.
How to Report Issues with Dhanpayx?
If you used Dhanpayx, faced withdrawal problems, or suspect misconduct, here’s what to do.
- File a Cyber Crime complaint, along with all transaction records, screenshots, and communication.
- File a complaint of suspicious digital asset platforms at the Financial Intelligence Unit ‑ India, FIU-IND.
- If you paid via bank/UPI/credit card, reach out to your bank for an “unauthorised transaction” or “false representation” claim.
- Save screenshots of the platform, messages, and deposit/withdrawal logs – they become evidence.
Acting quickly improves your chance of investigation and possible recovery.
Need Help?
If you have used Dhanpayx (or any similar platform) and now need help navigating how to report it or escalate a complaint, register with us. We’ll guide you through each step and help you act decisively.
Conclusion
DhanPayX presents itself as a modern crypto exchange and high-return platform, but the lack of transparency, the new domain age, the hidden ownership, and the pattern of user complaints paint a very different picture.
The platform’s behavior, both on its website and through its Telegram channel, shows strong similarities to known Ponzi-style operations.
With multiple users already reporting losses and blocked withdrawals, the safest approach is simple: avoid the platform entirely.
If you’ve interacted with DhanPayX, act quickly, document everything, and report the issue through the proper channels.
Staying informed and cautious is the best defense in today’s digital landscape.
