Overview
Ourbit is a centralized crypto exchange launched around 2020. It focuses on memecoins and speculative trading, offering zero spot fees, high leverage, and early token listings. Despite claims of deep liquidity, users report serious trust concerns.
What is Ourbit
Ourbit presents itself as a hub for memecoin traders and high-risk communities. It lists hundreds of meme tokens early and markets itself as built by insiders close to popular projects. The exchange is reportedly registered in the British Virgin Islands and aims to attract aggressive traders with low entry barriers.
Trading and Usability
The platform supports spot and futures markets with leverage up to 400x. It promotes no spot fees and futures fees as low as 0.01%. The interface is simple and optimized for active traders chasing fast-moving assets. Early listings and quick execution are its main selling points.
Liquidity and Volume
Ourbit claims daily volumes in the billions, largely driven by memecoin pairs. Proof-of-reserve wallet data is published, showing BTC, ETH, USDT, and other holdings. Still, much of this activity is hard to verify, and transparency remains limited.
Security and Reputation
While marketing emphasizes strong security, user reports tell a different story. Many traders complain about frozen funds, blocked withdrawals, and unresponsive support. Forums and review sites are filled with negative feedback, often labeling the exchange as a scam.
Supported Assets and Markets
The exchange lists over 400 assets, heavily focused on memecoins. Major pairs like BTC/USDT, ETH/USDT, and TRX/USDT are available, but liquidity outside the top tokens is questionable. Trading remains largely speculative.
Pros and Cons
- Pros: Zero spot fees; Very low futures fees; Wide range of memecoins; Early listings; Claims of public reserve wallets.
- Cons: Reports of frozen funds; Poor customer support; Low trust ratings; Unverified trading data; High risk for regular traders.
Who Should Avoid It
Traders who value fund safety, transparency, and customer service should stay away from Ourbit. Even small deposits have reportedly been lost. This platform suits only those willing to accept the risk of total loss.
Final Thoughts
Ourbit promises early memecoin access, high leverage, and zero fees, but repeated complaints about frozen withdrawals and poor transparency overshadow these features. For traders who prioritize security and reliability, regulated exchanges remain a safer choice.