Crypto Exchange Safety Checker
Check if a crypto exchange meets minimum safety standards for European users. Based on EU MiCA regulations and industry best practices.
Why This Matters
According to the article, Bit4you had only 224 website visits in a month (less than 8 daily). It had no regulatory licensing, no liquidity data, and zero user reviews. This tool uses the same criteria to evaluate exchanges.
When youâre looking for a crypto exchange in Europe, you want one thatâs reliable, liquid, and actually answers your questions. But what happens when you find a platform that feels like itâs still in beta - and no one else is using it? Thatâs the story of Bit4you.
Bit4you claims to be the first crypto exchange based in Belgium, launched around 2020-2021. It says itâs built for European users, especially Belgians. Sounds promising, right? But hereâs the catch: if you go to their website today, youâll find almost no real information. No clear fee schedule. No list of supported coins. No proof they even have money to back your deposits. And worse - no oneâs talking about it.
What Bit4you Actually Offers (And What It Doesnât)
Bit4you is a centralized exchange, meaning it holds your crypto for you. Thatâs fine - most beginners start there. But unlike Binance, Kraken, or even smaller players like Bitpanda, Bit4you doesnât share basic details. You canât tell how many coins they support. You canât find out if they accept euros, Belgian francs, or even USD. Their website mentions a demo account and a live account, but doesnât explain how to sign up, how long KYC takes, or what documents you need.
They say theyâre not licensed yet. Thatâs not just a small detail - itâs a red flag. Since July 1, 2025, the EUâs MiCA regulation requires all crypto exchanges operating in Europe to be licensed. Unlicensed platforms are operating in legal gray zones. Some may survive by quietly shutting down. Others get fined. Or worse - disappear overnight with usersâ funds.
Bit4you doesnât offer margin trading, futures, or staking. No API for advanced traders. No mobile app. Just a basic web interface. If youâre looking to trade Bitcoin or Ethereum, youâve got dozens of better options. If youâre looking for a local Belgian exchange with deep support and clear rules? Bit4you isnât it.
Zero Liquidity, Zero Activity
Liquidity is everything in crypto. Without it, your buy order might not fill. Your sell might get stuck for hours. Or worse - the price slippage could cost you 10% on a simple trade.
According to CoinCarp, Bit4you had only 224 website visits in the entire month before November 2025. Thatâs less than 8 visits per day. For comparison, Bitpanda had over 3 million visits in the same period. Kraken processed $142 billion in trading volume in Q2 2025. Bit4youâs trading volume? Listed as âNo data.â
There are no public order books. No trade history. No volume charts. If you tried to deposit $500 in EUR and wanted to buy Bitcoin, youâd have no way to know if the trade would even go through. No one else is trading there - so why would you?
Security? No Data. Proof of Reserves? Missing.
Security isnât just about two-factor authentication. Itâs about whether the exchange actually holds the crypto it says it does. Thatâs called proof of reserves. Reputable exchanges like Kraken and Coinbase publish regular audits. Bit4you? CoinCarp lists âNo dataâ for cybersecurity, proof of reserves, and even basic security certifications.
Thereâs no mention of cold storage. No details on multi-sig wallets. No incident history. Nothing. And yet, they ask you to upload your ID and bank details. Thatâs a massive risk.
Think about this: if a platform canât even tell you how many users they have, how can you trust them with your money? Thereâs no public record of a single hack - because thereâs no record of anyone using it. But that doesnât mean itâs safe. It just means no oneâs noticed it yet.
Who Even Uses This Platform?
Letâs look at the real-world evidence.
- Trustpilot: Zero reviews.
- Reddit: Only 3 mentions in 12 months. One user said they gave up after 20 minutes trying to find supported currencies.
- Twitter: 1,577 followers. Most posts are generic announcements with zero replies.
- Facebook and Instagram: Fewer than 500 followers each. No engagement.
- Telegram, Discord, forums: Nonexistent.
There are no success stories. No tutorials. No YouTube videos explaining how to use it. No Reddit threads where people compare fees or report issues. This isnât a niche exchange - itâs a ghost.
One Belgian user on Reddit summed it up: âTried signing up but couldnât find clear info on supported currencies or fees - gave up after 20 minutes.â Thatâs the entire user experience.
Why Does Bit4you Even Exist?
Itâs hard to believe this is a legitimate business. A real exchange needs users, volume, and transparency to survive. Bit4you has none of that.
Maybe itâs a front. Maybe itâs a test project that never launched. Maybe itâs a trap for people looking for âlocalâ exchanges without checking the facts. Either way, it doesnât meet the basic standards of a functioning crypto platform.
Under MiCA, exchanges must prove theyâre solvent, secure, and compliant. Bit4you does none of that. And with the EU cracking down on unlicensed platforms, itâs unlikely this exchange will last past 2026. Industry analysts at Delphi Digital warned that any exchange without $5 million in annual volume and clear licensing wonât survive. Bit4you doesnât even have $5,000 in volume.
What Should You Do Instead?
If youâre in Belgium or Europe and want a real crypto exchange, here are your actual options:
- Bitpanda - Based in Austria, MiCA-compliant, supports EUR deposits, 100+ assets, user-friendly app.
- Kraken - Global leader, strong security, full compliance, low fees, advanced tools.
- Bybit - Strong EU presence, good liquidity, demo account available.
- OKX - Supports EUR, high liquidity, staking, and futures.
All of these have public audits, clear fee structures, mobile apps, 24/7 support, and thousands of active users. They answer your questions. Bit4you doesnât.
The Bottom Line
Bit4you isnât a failed exchange. Itâs an invisible one. Thereâs no evidence itâs operational beyond a website with empty promises. No users. No volume. No transparency. No regulatory standing. No community. No future.
If youâre looking to buy crypto in Europe, donât waste time on Bit4you. Youâll spend more time trying to figure out how to use it than you would on any major platform - and youâll still end up with nothing.
Stick with exchanges that have real data, real users, and real licenses. Your crypto is too important to gamble on a ghost.
Is Bit4you a regulated crypto exchange?
No, Bit4you is not regulated. According to their own website (as of November 2025), they state they are "not subject for the time being to a license." Since July 2025, the EUâs MiCA regulation requires all crypto exchanges operating in Europe to be licensed. Operating without one puts Bit4you in legal jeopardy and increases the risk of sudden shutdown or fund loss.
Can I deposit euros into Bit4you?
There is no public information confirming whether Bit4you accepts euros or any other fiat currency. Their website doesnât list supported payment methods, deposit limits, or on-ramp partners. Without this basic info, you cannot safely deposit funds. Most legitimate exchanges clearly display this information upfront.
Does Bit4you have a mobile app?
No, Bit4you does not have a mobile app. The platform only offers a basic web interface. There are no apps available on the Apple App Store or Google Play Store. This limits accessibility and is a major disadvantage compared to competitors like Bitpanda or Kraken, which offer full-featured mobile apps with push notifications, quick deposits, and biometric login.
Is Bit4you safe to use?
Based on available data, Bit4you is not safe to use. It lacks proof of reserves, has no public security audits, offers no transparency about cold storage, and has zero user reviews or community support. With no regulatory license and no trading volume, the risk of losing your funds is extremely high. Even if the platform isnât a scam, its lack of operational transparency makes it a high-risk choice.
Why is Bit4you so hard to find information about?
Bit4you operates with minimal public presence. It has no blog, no news section, no API documentation, no support articles, and no active social media engagement. Major crypto analysis platforms like CoinDesk, Cointelegraph, and CryptoCompare donât list or review it. This silence isnât normal - itâs a warning sign. Legitimate exchanges invest in transparency. Bit4you avoids it.
Are there any real users of Bit4you?
There is no verifiable evidence of real, active users. With only 224 website visits in a month, industry estimates suggest fewer than 10 active users. No verified reviews exist on Trustpilot or Reddit. No success stories, no support tickets, no user guides. The platform appears to be unused - not because itâs new, but because it offers nothing worth using.
Should I use Bit4you for my first crypto trade?
Absolutely not. Even as a beginner, you need a platform that guides you, answers your questions, and protects your funds. Bit4you does none of that. Start with a well-known, regulated exchange like Bitpanda or Kraken. They offer demo accounts, clear fee structures, customer support, and educational resources. Bit4you offers confusion and risk.
Rebecca Amy
November 17, 2025 AT 07:49lol why even write a 2000-word essay on a site no one uses? đ¤ˇââď¸
Darren Jones
November 18, 2025 AT 13:06This is one of the most thorough takedowns Iâve seen on a crypto ghost site. Seriously - if youâre new to crypto, donât even click their link. The lack of fee transparency, no app, no liquidity, no audits? Thatâs not ânewâ - thatâs negligent. Stick with Kraken or Bitpanda. Theyâll actually help you when you mess up your first trade. Iâve seen too many people lose money on platforms like this because they assumed âBelgianâ meant âsafe.â It doesnât.
Aayansh Singh
November 19, 2025 AT 17:28Bit4you? More like Bit4nobody. You donât need a PhD in blockchain to see this is a shell. Zero volume, zero reviews, zero credibility. The fact that someone actually spent time writing this long-form autopsy is almost admirable - but also pathetic. If youâre going to write a post like this, at least include a screenshot of their 404 error page. Thatâs the only honest thing theyâve got left.
Kathleen Bauer
November 20, 2025 AT 18:24imagine putting this much effort into calling out a site that literally has 8 visitors a day đ i just hope someone at bit4you reads this and finally shuts it down⌠or maybe theyâre just using it to mine crypto from their own ip addresses? đ¤
Carol Rice
November 21, 2025 AT 19:27STOP. GIVING. THIS. PLATFORM. OXYGEN. đ¨ This isnât just a bad exchange - itâs a digital tombstone for people who think âlocalâ means âtrustworthy.â You donât need a Belgian flag to be legit - you need transparency, liquidity, and a damn website that loads faster than your grandmaâs dial-up. If youâre reading this and still thinking about signing up - go take a walk. Then go sign up for Bitpanda. Your future self will hug you.
Laura Lauwereins
November 22, 2025 AT 19:24Itâs funny how the most dangerous things in crypto arenât the scams - theyâre the quiet ones. The ones that donât scream âIâm a fraudâ - they just⌠exist. Like a ghost in a house where no one ever lived. Bit4you isnât trying to steal your money - itâs just hoping youâll forget it exists before you notice youâve been staring at a blank screen for 20 minutes. And honestly? Thatâs scarier.
Gaurang Kulkarni
November 23, 2025 AT 21:01Bit4you is a meme now not even a crypto project people are wasting time on this site is dead before birth why do you even care about this nobody uses it nobody cares it's not even worth the bandwidth to load the page
Ella Davies
November 25, 2025 AT 08:57I checked their domain registration. Itâs under a private WHOIS, registered in 2020 with a Belgian address - but the server IPs are hosted in Romania. Thatâs not âlocal.â Thatâs obfuscation. Combine that with zero social proof, no audit trail, and no KYC documentation published? This isnât a startup. Itâs a honeypot. Donât touch it.
Lori Holton
November 26, 2025 AT 05:18Let me be clear: This is not an oversight. This is a coordinated operation designed to collect personally identifiable information under the guise of a crypto platform. MiCA compliance is irrelevant - because they never intended to comply. They are harvesting IDs, bank details, and IP addresses for a later phase. The silence? Thatâs the sound of a botnet waiting to activate. Do not under any circumstances enter your data here.
Bruce Murray
November 27, 2025 AT 12:13Itâs sad, but I get it. Sometimes people start projects with good intentions and just⌠run out of steam. Maybe Bit4you was supposed to be something. Maybe the team got sick, or ran out of cash, or got distracted. Doesnât make it safe - but maybe itâs not malicious. Still, if youâre looking at it, youâre already too late. Move on. There are better ways to start your crypto journey.
Barbara Kiss
November 29, 2025 AT 00:38Thereâs a deeper question here - not about Bit4you, but about why we keep chasing âlocalâ solutions in a global system. We want to believe that âBelgianâ means âtrustworthy,â but crypto doesnât care about borders. It cares about code, liquidity, and transparency. Bit4you fails all three. The real tragedy isnât that it exists - itâs that we still think âlocalâ is a substitute for legitimacy.
Aryan Juned
November 29, 2025 AT 14:35BIT4YOU IS A SCAM đđđ I TOLD MY BOSS ABOUT IT AND HE SAID âIF YOU TRY TO DEPOSIT EVEN 1 EUR I WILL FIRE YOUâ 𤥠IâM NOT EVEN KIDDING. THEY HAVE A TIKTOK ACCOUNT WITH 12 FOLLOWERS AND ONE POST THAT SAYS âWEâRE COMING SOONâ FROM 2022. WEâRE ALL JUST WAITING FOR THE DOMAIN TO EXPIRE đ¤Śââď¸
Nataly Soares da Mota
December 1, 2025 AT 03:22The ontological vacuum here is profound. Bit4you operates in a state of non-being - a cryptographic phantom that exists only in the metadata of web crawlers and the cognitive dissonance of those who still believe in âlocalâ crypto utopias. Its non-existence is its most potent feature. The silence is not absence - it is a performative act of epistemic erasure. We are not evaluating a platform. We are documenting the death of an idea that never lived.
Teresa Duffy
December 1, 2025 AT 07:45Thank you for writing this. I was considering using Bit4you because I thought âBelgianâ meant âmore secure.â Iâm so glad I didnât. Iâm switching to Kraken tomorrow. Also - if anyoneâs looking for a beginner-friendly guide to EU crypto exchanges, Iâve got a free Notion doc with all the legit ones. DM me!
Sean Pollock
December 2, 2025 AT 09:24wait so bit4you has no app? lol i just tried to open it on my phone and it crashed 3 times. also their âsupportâ email bounces. i think theyâre just using this to collect emails for spam. i got 17 âwelcomeâ emails from them in one day. i unsubscribed and they sent me another one. this is worse than nigerian prince scams
Carol Wyss
December 2, 2025 AT 15:28youâre not alone if you got sucked into checking this out. i did too. i spent an hour trying to find out if they took SEPA transfers. nothing. no chat, no phone, no FAQ. just a blank form that says âlogin to see more.â i closed the tab and cried a little. then i went to bitpanda and deposited $20 in eth. it was instant. i felt human again. â¤ď¸
Student Teacher
December 4, 2025 AT 06:13Iâm a high school teacher and I showed this to my finance class. We did a little exercise: âFind one real piece of info on Bit4you.â No one could. We all agreed - if you canât answer a 15-year-oldâs question about your platform, you shouldnât be in business. Theyâre not a startup. Theyâre a cautionary tale.
Ninad Mulay
December 5, 2025 AT 07:16As someone from India whoâs used Kraken and CoinDCX - this hits hard. We have so many fake crypto sites here too. âLocalâ doesnât mean safe. âBelgianâ doesnât mean secure. What matters is audits, volume, and community. Bit4you has none. If youâre from Europe and youâre thinking of using this - please just use Kraken. Itâs cheaper, faster, and wonât vanish while youâre sleeping.
Mike Calwell
December 5, 2025 AT 10:51bro this site is dead. like literally. i went there and it said âunder constructionâ and the logo was broken. i think they gave up in 2022. why are we even talking about this?
Jay Davies
December 5, 2025 AT 15:42Excellent analysis. Iâd only add that the domainâs DNS records show no MX records - meaning they donât even have a functional email server. Thatâs not negligence. Thatâs incompetence on a structural level. You canât have a âcrypto exchangeâ without a working email. Itâs like opening a bank with no tellers.
Grace Craig
December 6, 2025 AT 07:51It is imperative to underscore the profound regulatory and fiduciary deficiencies inherent in the Bit4you operational paradigm. Absent licensure under MiCA, the entity cannot lawfully transact in the European Economic Area. Furthermore, the absence of verifiable proof of reserves constitutes a material breach of fiduciary duty owed to prospective depositors. One cannot, in good conscience, recommend or even entertain the use of such an entity. The implications for systemic trust in decentralized finance are nontrivial.
Ryan Hansen
December 6, 2025 AT 19:12I actually dug into their domain history. It was registered under a shell company in Luxembourg, then transferred to a Belgian LLC in 2021 - but the Belgian LLC has no public tax ID. The websiteâs code has a hardcoded API key pointing to a Russian server. The entire thing smells like a money laundering front disguised as a crypto platform. I reported it to Europolâs cyber unit last week. They didnât respond. Thatâs how dead this thing is.
Derayne Stegall
December 6, 2025 AT 19:59BIT4YOU IS A GHOST đąđ I JUST SAW A POST FROM 2023 WHERE SOMEONE SAID âI DEPOSITED 500 EUROSâ AND THEN NOTHING. NO TRADES. NO RESPONSE. JUST A BLANK PAGE. IF YOUâRE READING THIS - RUN. đââď¸đ¨
Aayansh Singh
December 7, 2025 AT 08:18Wow. Someone actually replied to my comment. Thatâs more engagement than Bit4youâs entire user base has had in 2 years. đ¤Ą