When you hear about LongBit, a crypto exchange that claims to offer low fees and high leverage without KYC. Also known as LongBit.io, it pops up in Telegram groups and Reddit threads promising quick profits. But if it sounds too good to be true—especially with no regulatory license, no verified team, and zero transparency—it probably is. Many users report being locked out after depositing funds, while others find their withdrawal requests ignored or delayed indefinitely. This isn’t just bad customer service—it’s a classic red flag for a rug pull or exit scam.
What makes LongBit, a platform that markets itself as a non-KYC derivatives exchange so dangerous is how it mimics real platforms like BloFin or BitCoke. It uses similar branding, fake trading volume numbers, and copy-pasted testimonials. But unlike those legitimate services, LongBit has no public audit reports, no security disclosures, and no history of regulatory compliance. Compare that to INX Digital, a U.S.-regulated exchange that follows SEC rules, or even GroveX, a no-KYC exchange that at least publishes its security practices. LongBit doesn’t even try.
Scammers rely on hype and urgency. They push fake airdrops, promise 100x returns on meme coins, and flood social media with bots pretending to be happy users. You’ll see posts saying "LongBit just paid out $2M in 5 minutes!"—but those are all fabricated. Real exchanges don’t need to shout. They build trust over time with clear terms, customer support, and verifiable track records. LongBit has none of that. If you’re wondering whether to deposit, ask yourself: Would you hand cash to a stranger on the street who says they’ll double it tomorrow? That’s what LongBit is asking you to do.
The crypto space is full of legitimate tools for traders—DeFi platforms like Curve Finance, regulated exchanges like INX Digital, and even risky but transparent ones like GroveX. But LongBit isn’t one of them. It’s a ghost platform built to disappear. People have lost thousands trying to withdraw from it. Others got trapped in fake referral programs that promised free tokens but stole their private keys. There’s no recovery. No recourse. No customer service number to call.
If you’re looking for a safe place to trade, you don’t need to chase the next big thing. You need to avoid the next big scam. Below, you’ll find real reviews of exchanges that actually exist—some with low fees, some with no KYC, some built for advanced traders. But none of them are LongBit. We’ve dug into the data, checked the blockchain activity, and talked to users who got burned. What you’ll read here isn’t speculation. It’s proof.
LongBit crypto exchange is not a legitimate platform - it's a scam. No verified records, no security audits, no user reviews. Learn how fake exchanges trick users and which real platforms to trust instead.