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How reliable is traffic exchange sites?

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One of the easy way to get traffic without much stress is through traffic exchange. But i have come to realize that most of traffic exchange sites are giving users bots in name of real human engagement. From my observation, most traffic exchange sites are dubious and spammy sites owned by criminals.
In your opinion, is traffic exchange sites reliable and able to deliver real traffic.
 
A few years ago I also used a traffic exchange site for my blog and site, although traffic increased but it was not listed in Google search, even according to some information I got that using traffic exchange will make the site banned in search engines.
 
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