Early Activity and Fast Decline
Bytex launched around 2018 as a Singapore-based centralized platform offering spot and futures trading. It initially advertised low fees and simple access, but its visibility quickly collapsed. Today, it is marked as untracked, with no public trading volume, no reserve disclosures, and no verifiable data.
Platform Status and Transparency
Aggregators label Bytex as untracked, which means there is no confirmed trading data. The exchange provides no order-book metrics, no audits, and no proof-of-reserves. This absence of information strongly suggests either near-zero activity or deliberate data suppression.
Features When Active
At launch, it charged a flat 0.10 percent trading fee for both makers and takers. BTC withdrawals matched network fees, and only crypto deposits were supported. There is no evidence these services remain functional, as all retail operations appear abandoned.
User Feedback and Reputation
Former users report widespread problems: frozen accounts, failed withdrawals, and unresponsive support. Many one-star reviews allege fraud and confiscated funds. Some claim Bytex reused code from a collapsed exchange, further damaging its reputation.
Claimed Advantages
The platform once promoted several selling points:
- Low, simple trading fees
- Crypto-only, zero-custody model
- Global reach under Singapore registration
Critical Flaws
In reality, multiple red flags overshadowed these claims:
- No verifiable liquidity or trading data
- Untracked status on all major platforms
- No audits or solvency proofs
- Genuine user reports of missing funds
- Trust ratings close to zero
Status as of 2025
By mid-2025, Bytex is effectively non-functional. There are no listings, no trading pairs, and no sign of activity. Public pages show no updates, withdrawal methods are unknown, and user funds appear unrecoverable. The exchange communicates nothing to the public.
Lessons for Traders
The case of Bytex underlines the risks of opaque exchanges:
- Platforms without visible data should be avoided
- No reserves or audits signal danger
- Marketing claims mean little compared to user experience
- Withdrawal reliability is the most critical trust factor
Final Thoughts
Bytex once looked like a simple low-fee exchange, but that period is long gone. With no transparency, unresolved complaints, and an untracked status, it is not a platform for any trader. For safety, stick to exchanges with open data, proven governance, and active user communication.