Overview
BiteBTC launched in 2017 claiming to be a Singapore-based exchange. It once attracted altcoin traders but quickly gained a reputation for blocked accounts and vanished funds. Today it’s flagged as untracked and barely functional.
What It Is
The platform initially promised many trading pairs and low fees. Over time, independent trackers revealed no active pairs, no real order book, and nearly zero volume. The site still lists features, but in practice it operates as a shell.
Volume and Liquidity
Liquidity is effectively gone. Most data sources show zero volume, and any numbers that appear remain static. Without active markets or depth, BiteBTC is unusable for serious trading.
Reputation and Trust
Trust scores are extremely low. Trustpilot averages under 2/5, with user reports of deposits lost and withdrawals blocked. Forums like Reddit and Bitcointalk overflow with warnings calling it a scam. Analysts also assign the lowest ratings, citing complete lack of transparency.
Features and Claims
The site still claims to support many coins and advanced trading, but none of this holds up. There’s no working API, no proof of reserves, and no evidence of activity. Old claims of 100+ pairs belong to the past. What remains is empty marketing.
Strengths and Weaknesses
- Strengths: Once had a wide selection of coins; Used to have a clean interface.
- Weaknesses: No regulation or oversight; Zero verified trading; Reports of frozen funds; Nonexistent support; Rebranding attempts add doubt.
Who Should Use It
No one. BiteBTC is not safe for trading. Its history of blocked withdrawals and lack of transparency make it a platform to avoid. Reliable, regulated exchanges are far better options.
Final Thoughts
BiteBTC had relevance years ago, but now it’s a cautionary tale. No volume, no trust, and too many red flags. For most, it serves as a reminder that in crypto, not every exchange deserves your money.