Flybit Review: Is This Exchange Safe or Just Another Crypto Scam?
When you hear Flybit, a crypto exchange that claims to offer low fees and fast trades, but has no clear team, no regulatory license, and no verifiable history. Also known as Flybit.io, it pops up in search results with flashy ads and fake user testimonials—but behind the surface, there’s little to no proof it’s real. Unlike exchanges like Binance or Kraken, Flybit doesn’t publish its company registration, physical address, or compliance status. That’s not just unusual—it’s a major red flag in a space where trust is built on transparency.
What makes Flybit dangerous isn’t just the lack of info—it’s how it mimics real platforms. It uses similar logos, claims to support Bitcoin and Ethereum trading, and even lists fake trading volumes. But check CoinGecko or CoinMarketCap, and you won’t find it. That’s because it’s not listed on any reputable aggregator. Real exchanges get verified. Flybit doesn’t even try. Meanwhile, users report withdrawals getting stuck, customer support vanishing, and accounts suddenly locked. These aren’t isolated complaints—they’re patterns seen in dozens of similar scams that disappear after collecting deposits.
The bigger issue? Flybit isn’t alone. It’s part of a growing wave of fake exchanges targeting new crypto users. They all follow the same playbook: promise high returns, hide their identity, and vanish before anyone can ask hard questions. Legitimate exchanges like ISX, Iceland’s only regulated crypto platform that works with local banks and is licensed by the Icelandic Financial Supervisory Authority, or SpartaDEX, a gamified DeFi exchange on Arbitrum with transparent smart contracts and public audits, publish their legal status, team members, and security practices. Flybit does none of that.
If you’re looking for a place to trade, don’t chase low fees from unknown names. Start with exchanges that answer to regulators, not just marketing slogans. Check if they’re licensed in your country. Look for independent audits. See if real people can withdraw their funds without drama. The crypto world has enough scams—don’t add to them by trusting a platform that doesn’t want to be found.
Below, you’ll find real reviews and deep dives into exchanges that actually matter—some regulated, some risky, all verified. No fluff. No fake promises. Just what you need to know before you click ‘deposit’.
- By Eva van den Bergh
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- 23 Nov 2025
Flybit Crypto Exchange Review: Is It Still Worth Using in 2025?
Flybit crypto exchange once promised institutional-grade trading but now suffers from near-zero liquidity, unreliable withdrawals, and no new features. Is it safe in 2025? The answer is no.