Flybit Withdrawal Reliability Calculator
Withdrawal Reliability Calculator
Estimate your chances of successfully withdrawing crypto from Flybit based on market conditions and withdrawal amount.
Withdrawal Reliability Estimate
Based on 2025 data:
- Trading volume has collapsed by 99.6% since 2021
- ICO Rankings reports Flybit as "hollow" with unreliable withdrawals
- Most users experience delays or failed withdrawals
When you're looking for a crypto exchange, you want speed, reliability, and easy access to your money. Flybit claims to offer all of that - but if you dig deeper, the story changes. Launched in 2017 by a South Korean team, Flybit started with big promises: institutional-grade infrastructure, 24/7 support, and a clean 0.1% trading fee. Today, it’s a ghost of its former self.
Trading Fees Are Simple - But That’s About It
Flybit charges a flat 0.1% fee for every trade, whether you’re making a market or taking liquidity. That’s not bad. Binance and KuCoin charge as low as 0.02% for high-volume traders, but for casual users, 0.1% is fair. The problem? You can’t even deposit fiat. No bank transfer. No credit card. No PayPal. You need to buy Bitcoin or Ethereum on another exchange first, then send it over. That’s a major hurdle. If you’re new to crypto, Flybit won’t help you get started. It’s only useful if you already have crypto sitting somewhere else.Trading Volume Has Crashed - Liquidity Is Nearly Gone
In mid-2021, Flybit was trading around $3.8 million a day. By the end of that year, that number dropped to under $15,000. That’s a 99.6% collapse. Fast forward to 2025, and there’s no sign of recovery. Trading volume is barely visible on CoinMarketCap. Why does this matter? Because low volume means slippage. You want to sell 10 BTC? Good luck finding buyers at the price you expect. You might end up selling at 5% below market value - or worse, your order won’t fill at all.Withdrawals Are a Gamble
This is the most alarming part. Users report that withdrawing funds from Flybit is hit or miss. Some say they got their crypto out without issues. Others have been waiting weeks, with no response from support. ICO Rankings, a trusted crypto watchdog, describes Flybit as "hollow" and warns: "You can withdraw funds - if you’re lucky." That’s not the kind of phrase you want to hear when your life savings are on the line. Even if the website loads and the trading interface works, your money might be stuck.
Platform Support: Still Online, But Barely
Flybit says it offers 24/7 live support, training webinars, and documentation. But in 2025, none of that seems real. User forums are quiet. Reddit threads about Flybit are full of unanswered questions. No one’s posting new trades. No one’s sharing success stories. The mobile apps for Android and iOS still exist, but updates stopped years ago. The desktop apps for Windows and Mac? They work - but only if you can connect to a server that’s barely responding.It’s Not a Global Exchange - It’s a Regional Afterthought
Flybit supports English, Korean, and Chinese. That’s not an accident. It’s a signal. The company never tried to break into the U.S., EU, or Latin American markets. It focused on Asia, but even there, it lost ground. Korean exchanges like Upbit and Bithumb dominate. Chinese users moved to OKX or Bybit after regulatory crackdowns. Flybit got left behind. It didn’t add staking. It didn’t launch a debit card. It didn’t integrate with DeFi protocols. While competitors built entire ecosystems, Flybit stayed stuck in 2018.API Access and Tools: Technically There, Practically Useless
Yes, Flybit has API access. Yes, it connects to CoinGecko, CoinMarketCap, and CryptoCompare. But who’s using it? Algorithmic traders need liquidity, fast execution, and reliable order books. Flybit offers none of that. If you’re a bot developer, you’ll find more volume on a tiny exchange like Bitrue than on Flybit. The API documentation is still online, but no one’s building tools for it. No third-party dashboards list Flybit as a viable data source anymore.
Transparency Claims Don’t Match Reality
Flybit says it hires financial industry pros to ensure compliance. It publishes due diligence reports. Sounds good - until you realize no one’s reading them. There’s no public audit trail. No proof of reserves. No third-party verification. In 2025, users expect more than promises. They want on-chain transparency. They want to see that the exchange holds the crypto it claims to. Flybit doesn’t offer that. It’s the opposite of what Binance or Kraken do.What Should You Do?
If you already have crypto on Flybit - and you can withdraw it - do it now. Don’t wait. Don’t hope. Don’t trust the interface. If you’re trying to start trading crypto, skip Flybit entirely. Use Coinbase, Kraken, or Binance if you’re in the U.S. or Europe. Use Upbit or Bybit if you’re in Asia. These platforms have liquidity, support, and active development. Flybit has a website that loads - and a lot of unanswered questions.The crypto market moves fast. Exchanges that don’t evolve die. Flybit stopped evolving years ago. It’s still online, but it’s not functioning like a real exchange. It’s a digital ghost town.
Can I deposit fiat currency on Flybit?
No, Flybit does not support fiat deposits. You cannot use bank transfers, credit cards, or PayPal to buy crypto directly on the platform. You must first purchase cryptocurrency on another exchange that offers fiat on-ramps, then transfer it to your Flybit wallet.
Is Flybit safe to use in 2025?
Flybit is technically operational, but its safety is highly questionable. Multiple user reports and crypto watchdogs like ICO Rankings describe it as "hollow" with unreliable withdrawals. While the platform claims to follow AML regulations, there’s no public proof of reserves or third-party audits. If you have funds on Flybit, withdraw them immediately - if you can.
Why did Flybit’s trading volume drop so much?
Flybit’s trading volume collapsed from $3.8 million per day in mid-2021 to under $15,000 by the end of that year. The main reasons are lack of innovation, no fiat support, poor liquidity, and failure to compete with larger exchanges. While competitors added staking, DeFi, and mobile features, Flybit stayed static. Users migrated to platforms with better tools and more active markets.
Does Flybit have a mobile app?
Yes, Flybit offers mobile apps for Android devices. There is limited information about iOS apps, and no recent updates have been released for either platform since 2022. The apps may still function, but they’re outdated and not optimized for current security standards or user expectations.
What are Flybit’s trading fees?
Flybit charges a flat 0.1% fee on all spot trades, regardless of whether you’re a maker or taker. This is simple but not competitive. Top exchanges like Binance and Kraken offer lower fees for high-volume traders and often waive fees for certain trading pairs. Flybit’s fee structure is straightforward but offers no advantages for active traders.
Can I use Flybit for algorithmic trading?
Flybit provides API access, so technically yes. But in practice, it’s not viable. The exchange has extremely low liquidity, slow order execution, and unreliable server response times. Most algorithmic traders avoid Flybit because the risk of failed trades or slippage outweighs any potential benefit.
Is Flybit still actively developed?
No. There have been no major updates, new features, or marketing efforts since 2022. The website hasn’t changed in years. No new tokens have been listed. No partnerships announced. The platform appears to be maintained only to keep existing users from leaving - not to attract new ones.
Should I trust Flybit’s customer support?
Based on user reports from 2024 and 2025, Flybit’s customer support is unreliable. While the website claims 24/7 live support, many users report long delays, automated responses, or no replies at all. If you’re having trouble withdrawing funds, don’t expect help. The support system seems to exist only on paper.
Final Verdict: Avoid Unless You’re Already On It
Flybit was never a top-tier exchange. But in 2025, it’s not even a mid-tier one. It’s a relic. The trading fees are fine, the interface still works, and the platform claims to be compliant. But none of that matters if you can’t get your money out. If you’re thinking of signing up - don’t. If you’re already holding crypto there - withdraw it now. There’s no future in Flybit. The market has moved on, and so should you.
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