Crypto Exchange Safety Checker
Use this tool to assess whether a cryptocurrency exchange meets basic security requirements. Based on the article content about BITEXBOOK, a platform must have proper security measures to be considered safe for trading.
Key Safety Criteria
If you’re looking for a new crypto exchange to trade Bitcoin or altcoins, you might have come across BITEXBOOK. But before you sign up, deposit funds, or start trading, you need to know the truth. BITEXBOOK isn’t just another small exchange - it’s a platform with serious red flags that could put your money at risk.
BITEXBOOK’s Technical Problems Are a Major Warning Sign
One of the most alarming things about BITEXBOOK is that its website frequently fails to load properly. As of November 2023, users reported that Cloudflare couldn’t establish a secure connection to the site. The error message: “SSL configuration used is not compatible with Cloudflare”. This isn’t a minor glitch. It means the site can’t encrypt your data - not your login details, not your API keys, not your withdrawal requests. In 2025, any financial platform without proper SSL encryption shouldn’t be trusted with a single dollar. Imagine trying to bank online, but your browser keeps warning you the site is unsafe. That’s what BITEXBOOK feels like. No reputable exchange would let this go unpatched for weeks, let alone months. Major platforms like Binance, Coinbase, or Kraken update their security protocols constantly. BITEXBOOK doesn’t even appear to be maintaining the basics.No Credible Reviews, No User Base
You’d expect to find dozens, if not hundreds, of user reviews for any exchange that’s been around for more than a year. But BITEXBOOK has almost none. Knoji lists only 9 reviews with an average rating of 2.7 out of 5. That’s below average - and it’s not because people are being harsh. It’s because so few people have actually used it. The only detailed review found on Trustpilot is in Russian, with vague claims like “trade reliably, profitably, and confidentially.” No specifics. No transaction details. No proof. No mention of withdrawal times, customer support response, or fees. That’s not a review - it’s marketing fluff. Compare that to Coinbase, which has over 10,000 verified reviews on Trustpilot, or Binance with tens of thousands on Reddit and Bitcointalk. If BITEXBOOK were a legitimate player, you’d see real people talking about their trades, their deposits, their problems. You’d see screenshots, timestamps, and real experiences. You don’t. Because there aren’t any.Experts Say It’s Not Safe
Traders Union, a platform that evaluates crypto exchanges using over 100 parameters, explicitly labeled BITEXBOOK as “not a safe and trusted company.” They didn’t say “it’s new” or “it needs improvement.” They said it’s unsafe. And they didn’t just guess - they analyzed technical infrastructure, compliance practices, transparency, and operational history. Worse, no major crypto media outlet has ever reviewed BITEXBOOK. Not CoinDesk. Not Cointelegraph. Not The Block. Not Decrypt. These are the publications that cover even the smallest new exchanges if they show promise. The fact that BITEXBOOK has been ignored by every credible source in the industry says more than any review ever could.
No Transparency. No Accountability.
Legitimate exchanges publish proof of reserves. They undergo third-party audits. They list their company registration details, physical addresses, and regulatory licenses. BITEXBOOK does none of this. There’s no information about its founding team. No incorporation documents. No regulatory status. No terms of service that clearly outline how your funds are protected. You can’t verify if BITEXBOOK even exists as a legal entity. That’s not just risky - it’s dangerous. After the FTX collapse in 2022, users learned the hard way that exchanges without transparency can vanish overnight. BITEXBOOK offers zero transparency. That means if it shuts down tomorrow, you have no recourse. No legal team. No customer support hotline. No email address that works.What’s Missing? Everything That Matters
Even if you ignore the security issues, BITEXBOOK fails to deliver basic features:- No mobile app - not even on iOS or Android stores
- No API access - meaning no automated trading
- No clear list of supported coins or trading pairs
- No minimum deposit amounts published
- No withdrawal processing times listed
- No KYC or verification process described
- No customer support channels confirmed
Why This Matters More Than Ever in 2025
The crypto market has changed since 2021. Back then, you could get away with using sketchy exchanges because prices were rising and people were chasing gains. Today, regulators are cracking down. Exchanges that don’t follow AML/KYC rules are being shut down. Banks are cutting off services to unlicensed platforms. Insurance funds are only available to compliant exchanges. BITEXBOOK ticks none of these boxes. It doesn’t appear to be licensed anywhere. It doesn’t report to any financial authority. It doesn’t have a compliance team. That makes it a target - not for growth, but for shutdown. And when that happens, your coins vanish with it.What to Do Instead
You don’t need to risk your savings on a platform with no track record. There are dozens of safe, reliable, and well-reviewed exchanges available:- Coinbase - Best for beginners, U.S.-regulated, insured custodial wallets
- Binance - Highest liquidity, 500+ trading pairs, advanced tools
- Kraken - Strong security, transparent audits, supports staking
- Bybit - Great for derivatives and futures trading
- OKX - Low fees, strong non-custodial options
Final Verdict: Avoid BITEXBOOK
BITEXBOOK isn’t just a bad exchange. It’s a dangerous one. The SSL errors aren’t random. The lack of reviews isn’t coincidence. The silence from industry experts isn’t oversight - it’s exclusion. If you’re looking for a new crypto exchange, don’t gamble on a platform that can’t even load securely. Don’t trust vague claims from anonymous reviews. Don’t assume “it might work.” Crypto is volatile enough without adding avoidable risks. Stick with platforms that have proven track records. Protect your assets. Choose security over speculation.Is BITEXBOOK a scam?
BITEXBOOK isn’t officially labeled a scam by regulators, but it exhibits all the warning signs of one: no SSL security, zero transparency, no verified user reviews, no regulatory compliance, and no presence in reputable media. These aren’t minor flaws - they’re fundamental failures that make it unsafe to use. Treat it like a scam until proven otherwise.
Can I withdraw my crypto from BITEXBOOK?
There is no verified information about withdrawal processes on BITEXBOOK. No official documentation lists withdrawal times, fees, or supported coins. Given the SSL errors and lack of user reports, it’s highly likely withdrawals either fail or are delayed indefinitely. Do not deposit funds unless you’re prepared to lose them.
Why doesn’t BITEXBOOK have a mobile app?
The absence of a mobile app is a sign of low development priority or lack of resources. All major exchanges have apps because users demand them. BITEXBOOK’s lack of one suggests it’s not actively maintained. Even if you could access the site, you’d be stuck using a desktop browser - which is impractical and outdated in 2025.
Is BITEXBOOK regulated?
There is no evidence BITEXBOOK is registered with any financial authority - not in the U.S., EU, UK, or any other jurisdiction. Reputable exchanges disclose their licensing status. BITEXBOOK does not. This makes it non-compliant with global standards and increases the risk of sudden shutdowns or fund freezes.
What should I use instead of BITEXBOOK?
Use Coinbase for simplicity and security, Binance for trading volume and features, Kraken for audits and staking, or Bybit for derivatives. All have mobile apps, verified customer support, public proof of reserves, and are regulated in at least one major market. These are proven platforms with millions of users - unlike BITEXBOOK, which has barely any.
Does BITEXBOOK support Bitcoin and Ethereum?
While BITEXBOOK may claim to support Bitcoin and Ethereum, there is no official list of supported assets. No trading pairs are documented. No deposit addresses are confirmed. Without this basic information, you cannot safely deposit or trade. Assuming it supports major coins is a dangerous gamble.
Has BITEXBOOK ever been hacked?
There are no public reports of a hack, but that’s because there’s no evidence anyone has used it enough to be targeted. A platform with no users, no security infrastructure, and no transparency doesn’t need to be hacked - it just needs to disappear. The SSL errors suggest the site is barely functional, which makes it more likely to be abandoned than compromised.
Are there any positive reviews of BITEXBOOK?
There are only nine total reviews across all platforms, and most are vague or in languages unrelated to the platform’s apparent base. The single Trustpilot review is in Russian and lacks detail. No verified user on Reddit, Bitcointalk, or Twitter has shared a positive experience. Positive reviews are either fake or from bots - not real traders.
