Crypto Exchange Comparison Tool
This tool helps you compare BitZ against major crypto exchanges based on critical factors discussed in our review. Select exchanges to see how they stack up for your specific needs.
BitZ
Your Reference Exchange
Binance
Best for volume and features
Kraken
Best for regulated US trading
Your Risk Assessment
Based on the comparisons above, using BitZ in 2025 carries significant risks for most users. If you're considering BitZ for trading:
BitZ lacks liquidity, regulatory compliance, and reliable support. Its withdrawal times are unacceptably long, and you have no protection if something goes wrong.
Recommendation: Unless you're in Asia with specific OTC needs and have no other options, we strongly recommend using one of the regulated alternatives like Kraken or Bybit.
BitZ was once a name you’d hear in crypto circles - especially if you were trading smaller altcoins or needed to move large sums in Asian markets. Back in 2019, it ranked among the top 30 crypto exchanges globally, with over $650 million in daily volume. Today? It’s barely on the map. If you’re considering BitZ in 2025, you need to know one thing: BitZ is no longer a serious option for most traders.
What BitZ Still Offers (The Basics)
BitZ still exists. You can still sign up, deposit funds, and trade. The platform supports spot trading, margin trading, and an OTC desk for large transactions. You’ll find around 20 cryptocurrencies available, including Bitcoin, Ethereum, Litecoin, and a few lesser-known tokens. The interface is simple - order books, price charts, trade history - nothing fancy, but it gets the job done for basic trades.Trading fees are flat at 0.1% for both makers and takers. That’s average, nothing special. Mobile apps are available for iOS and Android, and you can enable two-factor authentication (2FA) and phone verification for basic security. Funds are mostly kept in cold storage, which is good - but there’s no public audit report to confirm it.
The OTC desk is BitZ’s last remaining strength. If you’re in Asia and want to buy Bitcoin with WeChat Pay, Alipay, or bank wire in yuan, BitZ still handles it. Minimums start at $1, and they accept PayPal, Western Union, and MoneyGram. That’s rare on most exchanges today.
Why BitZ Has Fallen Behind
Here’s the hard truth: BitZ hasn’t kept up. In 2025, the crypto exchange game is won by liquidity, variety, and trust. BitZ has none of these anymore.Compare it to Binance: they list over 350 coins. BitZ lists about 20. Binance handles $10 billion in daily volume. BitZ? CoinMarketCap doesn’t even track its volume anymore. That’s not a glitch - it’s a death sentence. If an exchange’s data isn’t tracked, it means there’s not enough activity to measure.
Withdrawals that used to take minutes now take up to 72 hours. Users on Trustpilot and Reddit report delays, failed transactions, and unresponsive support. In 2020, BitZ had over 200 reviews. Now? Only 37. And the average rating? 3.2 out of 5.
Even the user base has collapsed. BitZ once had 500,000 active users. Today, it’s down to around 85,000. That’s an 83% drop. Their Telegram group? Down from 45,000 members to 8,500. Their Twitter hasn’t posted in months.
No Regulatory Compliance = Big Risk
Hong Kong tightened its crypto rules in June 2023. Only licensed exchanges can operate legally there now. BitZ isn’t on the official list. That means they’re operating in a legal gray zone - and that’s dangerous for users.BitZ explicitly blocks users from New York State. But they don’t verify location beyond that. That’s a red flag. If you’re in the U.S., Europe, or Canada, you’re trading on an unregulated platform with no recourse if things go wrong. Coinbase, Kraken, and Bitstamp are regulated. They answer to authorities. BitZ answers to no one.
There’s no proof they’ve ever passed a security audit. No transparency reports. No public documentation on how they handle user funds in case of a hack. That’s not just risky - it’s irresponsible in today’s climate.
Who Still Uses BitZ? (And Why)
The only people still using BitZ in 2025 are:- Users in Southeast Asia who need to deposit via Alipay or WeChat Pay and have no other options.
- Traders trying to move small amounts of obscure tokens not listed anywhere else.
- People who don’t know better - maybe they found an old YouTube video from 2020 and still think it’s a top exchange.
If you’re trading over $5,000 in a single order, expect slippage. The order book is thin. Prices jump because there aren’t enough buyers or sellers. That’s not trading - that’s gambling.
Customer support? Response times are 48 to 72 hours now. In 2020, it was under 12. Documentation hasn’t been updated since 2021. No guides for new coins, no explanations for new features. It’s frozen in time.
What to Use Instead
If you’re looking for a reliable exchange in 2025, here are better choices:- Binance - Best overall for volume, coins, and features. Not for U.S. users.
- Kraken - Regulated, secure, great for U.S. traders.
- Bybit - Strong for futures and margin trading, good liquidity.
- OKX - Popular in Asia, supports OTC, good altcoin selection.
- Coinbase - Simple, safe, regulated in the U.S. and Europe.
All of these have active customer support, regular updates, public audits, and high liquidity. BitZ doesn’t compete on any of these fronts.
Final Verdict: Avoid BitZ in 2025
BitZ isn’t dead - but it’s not alive either. It’s in limbo. A ghost exchange. It still processes trades, but it doesn’t innovate, doesn’t grow, and doesn’t earn trust.If you’re a beginner and you’re drawn to BitZ because it looks simple - don’t. Simplicity means nothing if the platform can’t deliver your funds on time or protect your money.
If you’re an experienced trader looking for liquidity, low fees, and reliable execution - walk away. The volume is too low. The slippage is too high. The support is too slow.
Even if you’re in Asia and need OTC services, there are better options now. OKX and Bybit both offer Alipay and WeChat Pay deposits with higher limits and faster processing.
BitZ was once a player. Now, it’s a cautionary tale. Don’t be the person who lost money because they trusted an exchange that stopped caring.
Is BitZ still operational in 2025?
Yes, BitZ is still operational as of 2025. You can create an account, deposit funds, and trade cryptocurrencies. However, the platform has significantly reduced its activity, with minimal updates, low liquidity, and no new features since 2022. It’s functional but not reliable for serious trading.
Can I use BitZ if I’m in the United States?
BitZ blocks users from New York State, but it doesn’t actively verify location for other U.S. residents. However, since BitZ is not regulated by any U.S. financial authority, using it from the U.S. carries legal and financial risk. You won’t have consumer protections, and withdrawals may be delayed or denied without recourse.
Does BitZ support fiat deposits like USD or EUR?
BitZ does not directly support USD or EUR deposits via bank transfer or credit card. Its fiat options are limited to OTC transactions using Chinese yuan (CNY), and payments through PayPal, Western Union, MoneyGram, and Neteller. There’s no direct on-ramp for most Western currencies.
Why is BitZ not tracked by CoinMarketCap anymore?
CoinMarketCap removes exchanges from its tracking list when they no longer provide reliable, verifiable trading data. BitZ’s volume has dropped so low that it can no longer meet the minimum thresholds for inclusion. This means its trading activity is too inconsistent or too small to be considered a legitimate market player by industry standards.
Is BitZ safe for storing crypto long-term?
No. BitZ is a centralized exchange, and no exchange should be used for long-term crypto storage. But even more so with BitZ - there’s no public proof of secure cold storage practices, no audit reports, and no regulatory oversight. If the platform fails or gets hacked, you have no legal protection. Use a hardware wallet instead.
What are the withdrawal times on BitZ?
Withdrawal times vary widely. In 2020, most withdrawals processed in under 30 minutes. Today, users report delays of 24 to 72 hours, especially for larger amounts. There’s no official timeline, and customer support rarely provides updates. This is a major red flag for any exchange still in use.
Does BitZ offer staking or earning features?
No. BitZ does not offer staking, savings accounts, or yield-generating features. These are standard on most major exchanges today, but BitZ has not added them since 2021. This shows a complete lack of product development.
Beth Devine
November 1, 2025 AT 00:56BitZ might be a ghost, but I still use it for small OTC trades in yuan-no other exchange lets me use WeChat Pay without a local bank account. It’s slow, yeah, but it works when you’re stuck in a corner. Just don’t keep more than you can afford to lose there.
Brian McElfresh
November 2, 2025 AT 14:30They’re not just lazy-they’re being controlled. The Chinese government shut down BitZ’s real operations and turned it into a honeypot to track crypto users. I’ve seen the patterns. Withdrawal delays? That’s intentional. They’re harvesting wallet addresses. Don’t touch it. Ever.
Hanna Kruizinga
November 3, 2025 AT 15:27Anyone else notice how BitZ’s website still loads like it’s 2018? The logo’s pixelated, the buttons don’t animate, and the footer says ‘© 2021’. I swear this thing’s being run by a single guy in a basement with a Raspberry Pi. No wonder it’s dead.
Eli PINEDA
November 5, 2025 AT 06:09wait so bitz still lets you deposit via paypal? i thought that got shut down after the 2022 crackdown? or am i mixing it up with something else?
Debby Ananda
November 5, 2025 AT 07:12How quaint. A relic from the Wild West days of crypto, preserved like a dusty VHS tape of a 2012 Bitcoin meetup. The fact that anyone still uses this is a tragic testament to how little most people understand about security, liquidity, or the evolution of financial infrastructure. 😔
Vicki Fletcher
November 6, 2025 AT 03:43I just tried to withdraw 0.2 BTC yesterday… it’s been 40 hours. No update. No email. No reply. I’ve used Kraken, Coinbase, Bybit-all of them processed in under 2 hours. BitZ isn’t broken… it’s abandoned. And that’s scarier than any hack.