Daybit Review: Is This Crypto Exchange Still Worth Using in 2025?

When you hear Daybit, a centralized cryptocurrency exchange that launched in 2018 with a focus on derivatives and margin trading. It was once one of the few platforms offering high-leverage trading on Bitcoin and altcoins without strict KYC. But things changed. Regulatory pressure, declining volume, and a lack of updates left many users wondering: is Daybit still alive, or just a ghost in the crypto graveyard?

Daybit isn’t a decentralized exchange like Uniswap or a regulated platform like Coinbase. It’s a centralized crypto exchange, a platform that holds your funds and executes trades on your behalf, often with leverage and futures contracts. That means faster trades, but also more risk—if the exchange gets hacked, freezes withdrawals, or shuts down, your money could vanish. And that’s exactly what happened to many users after 2021. The platform stopped updating its app, dropped major trading pairs, and vanished from most crypto comparison sites. Even its social media accounts went quiet.

Some users still remember Daybit for its high-leverage trading, the ability to trade with up to 100x leverage on Bitcoin and Ethereum, which attracted aggressive traders looking for big wins. But high leverage isn’t a feature—it’s a trap for most people. One bad move, and you lose everything. Daybit didn’t protect users from this risk. It just let them bet bigger. And when the market turned, many got liquidated. No warnings. No support. Just silence.

Today, if you search for Daybit, you’ll find old reviews praising its low fees and clean interface. But those reviews are from 2019. The platform hasn’t added new coins, improved security, or responded to user complaints in years. There’s no official announcement of shutdown, but there’s no sign of life either. It’s like a store that closed its doors but never took down the sign. You can still visit the website, but don’t expect deposits to go through, or withdrawals to ever arrive.

What you’ll find in the posts below are real user stories, technical breakdowns, and comparisons with active exchanges that actually care about their users. You’ll see how Daybit stacked up against platforms like Binance, OKX, and even smaller but reliable ones like Bybit. You’ll learn what to look for in a crypto exchange today—security, transparency, liquidity, and real customer support. And you’ll see why so many traders walked away from Daybit and never looked back.