Crypto Withdrawal Fee Calculator
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See how much you'd lose on withdrawal fees at BitGlobal versus legitimate exchanges like Binance or Coinbase. High withdrawal fees are a common red flag for scam exchanges.
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BitGlobal was once promoted as a global crypto trading platform with over 300 coins, multilingual support, and a sleek interface. But today, it’s a ghost site - a warning sign in the crypto world. If you’re wondering whether to use it, the answer is simple: avoid it. BitGlobal shut down in August 2023, and users who deposited funds lost everything. There’s no recovery. No refunds. No customer service. Just silence.
What Was BitGlobal?
BitGlobal started in 2019 as the international offshoot of Bithumb Global, a South Korean exchange. It was registered in the Seychelles, a known offshore financial hub with little to no crypto regulation. Unlike exchanges like Binance or Coinbase, BitGlobal never held a license from any major financial authority - not the SEC, not the FCA, not even a basic local license in its own country of registration. That alone should have been a red flag. It offered spot trading, margin trading with up to 10x leverage, OTC desks for large trades, and even a credit card deposit option early on. The platform supported 8 languages and claimed 24/7 customer service. On paper, it looked competitive. But behind the polished interface, things were falling apart.How BitGlobal Tricked Users
BitGlobal’s biggest lure was its wide selection of coins - more than 300, including obscure tokens you won’t find on major exchanges. It also advertised low trading fees: 0.10% for both makers and takers. That’s normal. But the real cost came when you tried to withdraw. Users reported withdrawal fees that were 2-3 times higher than competitors. Withdrawing Bitcoin cost 0.001 BTC. On FameEX, the same withdrawal was 0.0004 BTC. That’s 150% more. For smaller traders, this made trading unprofitable. Worse, minimum trade limits were set to block small investors. One user tried to deposit 1 TRX to trade, but BitGlobal forced a minimum of 400 TRX just to open a trade. Then, when they tried to withdraw their original 108 TRX, they were charged 33 TRX in fees - leaving them with less than they started with.Withdrawals Stopped. Funds Disappeared.
By early 2023, users started reporting that withdrawals were taking days, then weeks. Then they stopped entirely. Reddit threads filled with posts like: “My deposit never showed up after 4 months.” “I can’t log in anymore.” “The support email bounces.” Wallet Scrutiny, a crypto security firm, reviewed BitGlobal’s mobile app and found it riddled with fake reviews. Many positive ratings were from bot accounts. Real users left one-star reviews describing the platform as an “exit scam.” One user, Dwayne Campbell, wrote: “If you have a missing deposit, just consider it lost.” By August 2023, the website went dark. No announcement. No warning. No explanation. The servers just turned off. CoinMarketCap removed BitGlobal from its listings. The exchange was officially marked as “untracked” - the digital equivalent of a tombstone.
Why It Wasn’t Just Bad - It Was Fraudulent
BitGlobal didn’t fail because of market conditions. It failed because it was built to steal money. Regulators and industry watchdogs now classify it as a fraudulent operation. Traders Union, a trusted broker review site, labeled BitGlobal as “potentially fraudulent” in 2025. Their report noted that even as of May 2025, the website was still online - but with new geo-restrictions blocking access from countries like the U.S., Canada, and Australia. That’s not a rebrand. That’s a scammer trying to lure new victims from regions where enforcement is weaker. The pattern is classic: attract users with low fees and high coin selection, encourage deposits, then lock withdrawals. Once enough money is collected, vanish.What Happened to User Funds?
No one knows. No one can recover them. There was no insurance. No cold storage audit. No legal recourse. BitGlobal was registered in the Seychelles - a jurisdiction that doesn’t cooperate with international investigations. Law enforcement agencies have no jurisdiction there. The company’s owners likely used offshore shell companies to hide their identities. Users who held Bitcoin, Ethereum, or altcoins on BitGlobal lost them all. No exchange, no government, no lawyer can help. That’s the risk of using unregulated platforms.
How BitGlobal Compared to Other Exchanges
| Feature | BitGlobal | Binance | Coinbase |
|---|---|---|---|
| Regulation | None (Seychelles) | Licensed in multiple jurisdictions | Licensed in U.S., EU, and others |
| Withdrawal Fees (BTC) | 0.001 BTC | 0.0005 BTC | 0.0004 BTC |
| Minimum Trade | Up to 400 TRX | No minimum | No minimum |
| Customer Support | Unresponsive | 24/7 live chat | 24/7 email + chat |
| Status (2025) | Shut down, exit scam | Active, top exchange | Active, regulated |
What You Should Do Now
If you ever used BitGlobal, assume your funds are gone. Don’t waste time contacting support - the emails don’t work. The phone numbers are dead. The website is a trap. If you’re looking for a crypto exchange today, stick to platforms with:- Clear regulatory licenses (e.g., FinCEN, FCA, ASIC)
- Publicly audited reserves
- Transparent fee structures
- Real customer support with response times under 24 hours
Final Warning
BitGlobal isn’t just a failed exchange. It’s a lesson. In crypto, if it sounds too good to be true - low fees, tons of coins, no KYC - it probably is. Never put money on a platform that doesn’t answer your questions. Never trust an exchange that doesn’t show where it’s legally registered. And never, ever use a service that shuts down without warning. The crypto world has plenty of legitimate opportunities. Don’t let a ghost like BitGlobal steal your chance at real growth.Is BitGlobal still operational in 2025?
No. BitGlobal ceased all operations in August 2023. Its website may still load, but trading, deposits, and withdrawals have been blocked for over a year. The platform is officially dead and classified as an exit scam by crypto security analysts.
Can I recover my funds from BitGlobal?
No. There is no known way to recover funds from BitGlobal. The exchange operated without regulation, used offshore shell companies, and vanished without notice. Legal action is nearly impossible due to its location in the Seychelles, which does not cooperate with international crypto investigations.
Why did BitGlobal charge such high withdrawal fees?
BitGlobal’s high withdrawal fees were part of a strategy to drain small traders’ funds. For example, withdrawing 108 TRX cost 33 TRX in fees - meaning users lost over 30% of their balance just to move money. This discouraged withdrawals and kept funds trapped on the platform until the final shutdown.
Was BitGlobal a scam?
Yes. Multiple crypto watchdogs, including Traders Union and Wallet Scrutiny, classify BitGlobal as a fraudulent operation. The sudden shutdown, fake reviews, locked withdrawals, and lack of transparency all match the pattern of an exit scam - where a platform collects user funds and disappears.
Can I still use the BitGlobal app?
No. The BitGlobal app has been removed from both Google Play and the Apple App Store. Even if you still have it installed, it no longer connects to servers. Attempting to log in will fail. Using the app now is pointless and potentially risky - it may still collect device data.
What should I look for in a safe crypto exchange?
Choose exchanges that are regulated by recognized authorities (like the SEC, FCA, or ASIC), publish regular proof-of-reserves audits, have clear fee structures, and offer responsive customer support. Avoid platforms that hide their location, don’t list licenses, or have too many user complaints about withdrawals.
Dick Lane
October 27, 2025 AT 18:17Man I lost like $2k on that thing back in 2022. Never heard another word. Just vanished like it never existed. I still check the site sometimes out of habit. Still loads. Still empty.
Don't even bother trying to reach out. It's a tomb.
Norman Woo
October 29, 2025 AT 10:40theyre all connected you know. bithumb global bitglobal coinbase all owned by the same shadow corp. the fed runs the whole thing. they let you win small then wipe you out. thats how they control the money supply. they dont care about crypto they care about control. watch the next one come up in 3 months same exact script.
Serena Dean
October 30, 2025 AT 16:55So glad you wrote this. I had a friend who lost everything on BitGlobal and I kept telling her to get out but she thought it was too good to pass up. Please share this everywhere. The next person might be your cousin your neighbor your sibling. We need to stop this cycle.
Stick to Binance Coinbase Kraken. Theyre boring. And thats the point.
James Young
October 31, 2025 AT 06:11Anyone who used BitGlobal deserves to lose their money. You think crypto is free money? You think you can just deposit on some offshore sketch site with no license and not get burned? Youre not a trader youre a gambler. And gamblers lose. Thats how the house wins. You wanted to be a crypto bro? Then grow up and learn the rules.
Chloe Jobson
November 1, 2025 AT 08:02Exit scam. Check. Offshore registration. Check. Withdrawal fees designed to trap small holders. Check. Fake reviews. Check. No audits. Check. This is the textbook definition of a rug pull.
Regulated exchanges dont do this. Theyre transparent. Theyre accountable. They have legal obligations. BitGlobal had none of that. Its not a failure. Its fraud.
Andrew Morgan
November 3, 2025 AT 01:32I remember logging in one last time in August 2023. The site loaded. The balance showed up. But the withdraw button was grayed out. No message. No error. Just silent. Like the whole thing was holding its breath.
Then it just… stopped.
Thats the creepiest part. Not the loss. The silence.
Michael Folorunsho
November 4, 2025 AT 17:15US and EU users got warned. Canada too. But people still jumped in. Why? Because they thought they were smarter than the system. They thought they could pull out before the crash. Thats not intelligence. Thats arrogance. And now theyre crying because they got what they deserved.
Why should we protect people who ignore every red flag? Let them learn the hard way. Thats the market.
Roxanne Maxwell
November 4, 2025 AT 22:55I just want to say I know how hard it is to lose money like this. I lost my moms life savings on a similar platform years ago. It breaks my heart. Please if you know someone using an unregulated exchange talk to them. Not with anger. With care.
Theyre not stupid. Theyre just hopeful. And hope gets exploited.
Jonathan Tanguay
November 5, 2025 AT 05:51Look the real issue here is that people dont understand how blockchain works. BitGlobal didnt steal your coins. You gave them to a private key they controlled. Thats not theft thats custodial risk. If you dont hold your own keys you dont own your crypto. Period. End of story. No one owes you your coins if you put them on a third party platform. Even if its a scam. You still made the choice. You still clicked the deposit button. You still ignored the 1000 warning signs. So dont act like youre some victim. You were negligent. And now youre mad because the consequences came. Grow up.
Also the withdrawal fees were high because they were using a custom fee structure to discourage small withdrawals which is standard in unregulated platforms to reduce onchain costs. Not a scam. A business decision. Bad one. But not criminal. Just stupid.