Overview
FatBTC began life around 2014 as a Seychelles-registered exchange with Hong Kong roots. It offered BTC, ETH, stablecoins and hundreds of other coins. Features included FAT token fee discounts, spot and OTC trading, referral income and low fees. But today activity is minimal and trust remains low.
FAT token powers discounts and referrals
The native FAT token mainly cuts trading fees in half and boosts referral commissions. FatBTC also introduced FatCloud for listings and a Piggy Bank investment feature for passive income. It worked like a loyalty engine built into the platform.
Flat fees, KYC loopholes and coin variety
Trading fees are a flat 0.20% across all pairs. Deposits were free, while withdrawal fees varied. Users could trade up to 2 BTC per day without KYC - convenient for some, but a red flag for regulators. The exchange listed over 20 coins across 30 pairs, although volume has dropped near zero.
Inactive platform and low traffic
In recent years, FatBTC lost momentum. Reported volume is effectively zero, making it inactive or extremely thin. Social media channels and traffic metrics also show little to no engagement.
Trust issues run deeper
Security ratings were never strong. The team stayed anonymous, proof-of-reserves was absent and regulatory coverage minimal. Reports from users mentioned frozen accounts and poor support response, further hurting confidence.
Strengths & weaknesses at a glance
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Final thoughts
FatBTC once looked attractive with discounts, altcoin depth and light KYC barriers. Today it feels more like a relic. Unless revived, it remains a memory of earlier exchange experiments, not a reliable venue. For trading activity and trust, other platforms are safer bets.