Bit4You Started in 2018 with Big Ambitions
Bit4You began as a Brussels-based platform aiming to become Europe’s go-to exchange. It combined local regulation with beginner-friendly tools, including a demo wallet loaded with 100k USDT for practice. For a while, it felt like a rare mix of compliance and easy access.
What They Promised
The platform offered over 100 tokens, spot trading, and direct euro or dollar deposits. Demo and live accounts worked side by side. No maker-taker fees for crypto swaps, only a 1.5% fiat deposit fee and 2.5% withdrawal charge. Two-factor login and biometric security added trust. On paper, it was clear and user-friendly.
What It Turned Into
In 2023, Bit4You’s reliance on CoinLoan became its undoing. When the lending platform went bankrupt, user funds got trapped. Trading stopped, withdrawals froze, and months of silence followed. The exchange promised solutions but delivered none. Trustpilot reviews collapsed, filled with warnings.
What’s Left Online
The site still loads, and demo accounts work. But trading is gone. Liquidity is zero. No data appears on aggregators, and user discussions have dried up. The exchange stands like an empty shell.
What Worked Before It Fell
- Demo trading with 100k USDT for practice
- Simple interface and transparent low crypto fees
- Biometric login and two-factor authentication
- Easy fiat on-ramps and local compliance
Why It Doesn’t Matter Anymore
- Trading suspended, funds frozen after CoinLoan collapse
- Poor communication with users
- No active liquidity or markets
- Unclear future, if any
How It Stacks Up
| Category | Rating |
|---|---|
| Concept & Setup | ★★★☆☆ |
| Security & Backing | ★★☆☆☆ |
| Live Activity | ★☆☆☆☆ |
| Community Presence | ★☆☆☆☆ |
| Future Potential | ★☆☆☆☆ |
Final Thoughts
Bit4You once offered a safe and easy way into crypto for Europeans. That time has passed. Without active markets or clear recovery, it’s just a shadow of what it was. You can log in, but there’s nothing to trade. For most users, it stands as a warning that regulation does not always equal protection.