LakeBTC Overview
LakeBTC was once a decent spot for bitcoin. It started around a decade ago, offered BTC pairs with USD and CNY, simple orders, and normal withdrawals. For those early days, that was enough. The site was clean, trading was basic - no fuss.
What it used to be
They talked about “global transfers,” “low fees,” and “secure cold wallets.” Early on it all worked fine. People came there just to buy BTC with fiat, nothing fancy.
Why it fell apart
Over time, traders left. Volumes dropped, order books went thin. LakeBTC never added altcoins, didn’t launch margin, didn’t do staking. It stayed stuck in 2014.
Then withdrawals got slow. Some users waited a week, others a month, some never got paid. Support replies got slower and slower, then just stopped.
Now the site still loads, you can log in, but it’s empty. Zero volume, zero trades. It didn’t officially shut down - it just faded out. An abandoned storefront online.
Who it was good for back then
- Early bitcoin buyers looking for USD or CNY trades
- People happy with simple BTC-only deals
- Users who didn’t care about extra features, just wanted plain spot buys
Who it’s not for now
- Traders needing real liquidity, fast fills, or big coin selection
- Anyone looking for margin, futures, or even altcoins
- Users who expect quick withdrawals and live support
Quick pros and cons
Pros
- Was simple and clean back in the day
- Direct USD and CNY support
- Easy way to just buy BTC and be done
Cons
- Now has zero liquidity, trades don’t exist
- No new features, stuck in the past
- Withdrawals became painfully slow
- Support vanished
- Still online but no reason to log in
Bottom line
LakeBTC is from an old crypto era. It did the job then: bitcoin, two fiat pairs, no clutter. But the market moved on, and LakeBTC didn’t. Now it’s just an empty exchange - no trades, no activity, nothing happening.
If you want real trading or just a working platform, skip it. LakeBTC is more of a museum piece than a real exchange.