There’s no such thing as a legitimate crypto exchange called LongBit. Not in 2024. Not in 2025. Not in any credible database, security report, or user review platform. If you’ve seen ads for LongBit promising low fees, instant withdrawals, or high-yield staking, you’re being targeted by a scam.
Why You Won’t Find LongBit on Any Trusted List
Major crypto exchanges like Binance, Crypto.com, and Kraken are regularly ranked by independent analysts based on security, liquidity, and user trust. In early 2025, a survey of over 1,000 U.S. crypto owners found that Binance was the most trusted exchange, while Crypto.com ranked #1 for security. None of these reports, or any other from CoinMarketCap, CoinGecko, or Chainalysis, mention LongBit. Not once.The absence isn’t an oversight. It’s a red flag. Legitimate exchanges don’t disappear from public records. They get audited. They get hacked (and then fix it). They get written about when they launch new features or face regulatory scrutiny. LongBit has none of that. No press releases. No team bios. No customer support contacts. No API documentation. No history of trades or volume data.
How Scammers Use Fake Exchange Names
Scammers don’t invent names randomly. They pick ones that sound close to real platforms. LongBit? That’s a clear play on Bybit-the exchange that lost $1.5 billion in a major hack in February 2025. After that breach, thousands of users were searching for "alternative exchanges". Scammers jumped on the confusion. They created fake websites with names like LongBit, BitLong, LongBitPro, and BitLongX.Here’s how it works: You click an ad on YouTube or Instagram that says, "LongBit: Lower Fees Than Bybit!" You land on a polished site with fake testimonials, a live chatbot that replies instantly, and a "Deposit Now" button. You send your crypto. It vanishes. No refund. No customer service. No trace.
These sites often copy the UI of real exchanges. They use the same fonts, colors, and layout. But if you check the URL, it’s not .com-it’s .xyz, .info, or a random string of letters. And the SSL certificate? Often issued by a shady provider or expired.
What Real Exchanges Do That LongBit Doesn’t
Legit exchanges don’t just offer trading-they build trust through transparency:- Cold storage: Over 95% of user funds are kept offline. Binance, for example, uses multi-signature cold wallets across geographically distributed locations.
- Proof of Reserves: Platforms like Kraken publish regular audits showing they hold enough assets to cover all user balances.
- Two-factor authentication (2FA): Real exchanges require app-based 2FA (Google Authenticator, Authy), not SMS-because SMS can be hijacked.
- Regulatory compliance: They register with financial authorities like the SEC, FCA, or FINMA. LongBit? No registration exists in any jurisdiction.
- Incident response: After the Bybit hack, they publicly shared timelines, forensic reports, and compensation plans. LongBit? Zero public communication.
If LongBit were real, it would be in every security report from Krayon Digital, Hashcodex, and CipherTrace. It would be mentioned in the same breath as the $1.34 billion stolen by North Korean hackers in 2024. It isn’t. Because it doesn’t exist.
How to Spot a Fake Exchange
Here’s a quick checklist to avoid falling for a LongBit-style scam:- Check the domain: Real exchanges use .com, .io, or .org. Fake ones use .xyz, .top, .shop, or .cc.
- Look for an official blog: Binance, Coinbase, and Kraken post weekly updates. LongBit has none.
- Search for reviews on Reddit or Trustpilot: Type "LongBit review Reddit"-if you get zero results or only links to the scam site, it’s fake.
- Check the team: Real exchanges list founders with LinkedIn profiles. LongBit’s "team" is a stock photo with names that don’t exist in public records.
- Test customer support: Send a message asking for their regulatory license number. Scammers either don’t reply or send a copy-pasted template.
What to Do If You Already Sent Crypto to LongBit
If you’ve already sent funds to LongBit, act fast-but don’t expect miracles.- Stop sending more: Scammers often come back with "I can recover your funds for a small fee"-that’s another scam.
- Report it: File a report with the FTC (ReportFraud.ftc.gov) and IC3 (ic3.gov). Even if they can’t recover your money, they track patterns to shut down these operations.
- Check your wallet: Use a blockchain explorer like Etherscan or Solana Explorer to see if your funds moved. If they went to a known mixer or exchange like Bybit or Binance, recovery is nearly impossible.
- Enable 2FA everywhere: If you used the same password on another site, change it immediately.
- Move remaining crypto to a hardware wallet: Ledger or Trezor. Never leave large amounts on any exchange.
Safe Alternatives to LongBit
If you’re looking for a reliable exchange, stick with ones that have proven track records:| Exchange | Security Rating | 2FA Required | Regulated In | Best For |
|---|---|---|---|---|
| Binance | High | Yes (App-based) | Multiple (with restrictions) | High volume trading |
| Crypto.com | Very High | Yes | U.S., EU, Singapore | Security & staking |
| Kraken | Very High | Yes | U.S., Canada, EU | Beginners & pros |
| Coinbase | High | Yes | U.S., UK, EU | Simple interface |
All of these exchanges have been audited, have public security teams, and have survived major market crashes and hacks. LongBit? It’s a ghost.
Final Warning: Don’t Be the Next Victim
In 2024, over $1.34 billion was stolen from crypto users through fake exchanges, phishing sites, and impersonation scams. That’s not a number-it’s real people who lost their life savings because they trusted a name that sounded familiar.LongBit isn’t a new exchange. It’s a trap. And it’s designed to look real until it’s too late. If you’re unsure about an exchange, don’t use it. Wait. Research. Ask in crypto forums. Check the blockchain. Trust the data, not the flashy ad.
Your crypto is your responsibility. Don’t outsource security to a name you can’t verify.
Is LongBit a real crypto exchange?
No, LongBit is not a real crypto exchange. There is no record of LongBit operating as a licensed or registered trading platform. It does not appear in any credible security reports, exchange rankings, or user review databases. All references to LongBit are linked to phishing sites and crypto scams.
Why does LongBit look so real?
Scammers spend time copying the design of real exchanges like Bybit or Binance. They use professional-looking logos, fake testimonials, and even cloned UI elements. But real exchanges have public team members, audit reports, and regulatory licenses. LongBit has none of these.
Can I recover my money if I sent crypto to LongBit?
Recovery is extremely unlikely. Once crypto is sent to a scam exchange, it’s usually moved through mixers or exchanged for other assets across multiple wallets. While you can report the incident to the FTC or IC3, law enforcement rarely recovers stolen crypto. Your best defense is prevention-never send funds to an unverified platform.
How do I verify if a crypto exchange is legitimate?
Check for: 1) A clear company address and team profiles, 2) Public security audits, 3) Regulatory licenses (like FinCEN or FCA), 4) Real user reviews on Reddit or Trustpilot, and 5) Support for app-based 2FA. If any of these are missing, walk away.
What’s the safest way to store crypto?
Store large amounts in a hardware wallet like Ledger or Trezor. These devices keep your private keys offline and require physical confirmation for every transaction. Never keep more than you’re willing to lose on any exchange-even the most trusted ones.
Rick Mendoza
LongBit? Please. If you’re still falling for these clone scams you shouldn’t be trading crypto at all. You’re one bad seed away from losing everything. I’ve seen this exact script play out 3 times this year. The UI is always perfect until you try to withdraw. Then poof. Ghosted. No audits. No team. No history. Just a .xyz domain and a bot that says ‘Welcome to LongBit!’ like it’s a luxury hotel. Wake up.
Lori Holton
Let me be perfectly clear: this is not a scam. It’s a coordinated disinformation campaign orchestrated by the very exchanges that stand to profit from fear. Binance, Kraken, Coinbase-they’ve spent millions laundering their reputations while quietly lobbying to eliminate competition. LongBit may not be on CoinMarketCap, but neither was DeFi Pulse in 2019. The truth is buried beneath layers of regulatory capture and algorithmic suppression. The real question isn’t whether LongBit exists-it’s who wants you to believe it doesn’t.
Bruce Murray
Just wanted to say thanks for laying this out so clearly. I almost sent some ETH to a site that looked just like this last week. Your checklist saved me. I’m still nervous, but now I know what to look for. You’re right-trust the data, not the design. I’ll stick with Kraken. No flashy ads, no fake testimonials. Just cold storage and quiet reliability. You’re helping people stay safe.
Barbara Kiss
There’s something deeply human about how we chase the illusion of safety in numbers-how we mistake polish for trust, speed for security, and silence for mystery. LongBit doesn’t fail because it’s fake-it fails because it preys on the quiet desperation of people who’ve been burned before and are now desperate to believe in something better. It’s not a crypto scam. It’s a spiritual wound dressed in UI/UX. The real exchange isn’t on the blockchain-it’s in the courage to walk away from shiny things that promise to fix what no platform ever could.
Aryan Juned
Broooo I just got scammed by LongBit 😭😭😭 I sent 0.8 BTC and now my wallet is empty 😭 I thought it was legit because the site looked like Bybit but with a better logo 🤡 I even DM’d their ‘support’ and they replied in 3 minutes with ‘Deposit successful! Enjoy your 200% APY!’ 💸💸💸 I’m crying rn I just lost my rent money 😭😭😭
Nataly Soares da Mota
What’s interesting here is the epistemic architecture of deception. The scam doesn’t rely on obscurity-it relies on mimicry. It’s a semantic echo chamber where the signifier (the interface) is indistinguishable from the signified (legitimacy), creating a semiotic collapse. The victim doesn’t get fooled by a bad website-they get fooled because the website *feels* right. The blockchain doesn’t lie, but the UI does. And that’s the real vulnerability: our neurocognitive bias toward pattern completion. We fill in the gaps because we want to believe. That’s not ignorance. That’s human cognition.
Teresa Duffy
Thank you so much for this. I shared this with my mom who just started investing and she was about to sign up for ‘LongBitPro’ because it had a ‘verified’ badge (which was just a PNG). I’m so glad I saw this before she lost her savings. Seriously, if you’re reading this and you’re new to crypto-pause. Google ‘[exchange name] + scam’ before you click anything. You’re not dumb for being tempted. You’re just human. But you’re smart enough to read this and stop. 💪❤️
Sean Pollock
ok but like… why are we even talking about LongBit? it’s not even a real thing. its just a bot farm with a wordpress theme and a fake twitter account. i saw one of these last month and the ‘customer support’ chatbot asked me for my seed phrase. i mean… come on. also i think the guy who made this site was high. the ‘About Us’ page says ‘We are a team of blockchain ninjas from Mars’ 🤡
Carol Wyss
I know how easy it is to get swept up in this stuff. I lost $3k to a fake exchange last year and I still feel embarrassed about it. But please-don’t beat yourself up. What matters now is that you’re learning. You’re here. You’re reading. That’s huge. I’m not saying you’ll get your money back. But you’re already doing better than 90% of people who get scammed. You’re not alone. And you’re not stupid. You’re just someone who trusted a pretty website. That’s not a crime. It’s a lesson.
Student Teacher
Can someone explain why scammers use names like LongBit instead of something totally random? Like why not ‘CryptoZenPro’? Is there a psychological reason? I’m trying to understand the pattern so I can teach my students how to spot these. They’re all into crypto and I’m terrified they’ll get taken.
Ninad Mulay
Bro, in India we call these ‘ghost exchanges’-they pop up like monsoon clouds, flash a little shine, then vanish. I’ve seen this exact thing with names like BitDax, LongBit, CoinVista. All fake. All copy-paste. But here’s the thing-people still fall for it. Why? Because they think ‘maybe this time it’s real’. I tell my cousins: if it’s not on CoinGecko, it’s not real. If it’s not on Reddit, it’s a trap. If it’s too good to be true? It’s a trap. Simple. No drama. Just facts.
Mike Calwell
longbit? never heard of it. prob a scam. i just use coinbase. its easy. no stress. dont overthink it.
Jay Davies
Actually, the claim that ‘no credible database’ mentions LongBit is slightly misleading. While it’s true that LongBit does not appear on CoinMarketCap or CoinGecko, it was briefly indexed by a now-defunct blockchain analytics startup called ‘CryptoTracePro’ in Q3 2024. The entry was flagged as ‘unverified’ and removed within 48 hours. The fact that it was ever listed at all suggests that the scam’s infrastructure was sophisticated enough to trigger automated crawlers-something many amateur operations fail to achieve. So while it’s unquestionably fraudulent, its operational design was more advanced than typical phishing sites.
Grace Craig
One must consider the ontological implications of digital identity in the post-regulatory era. The absence of LongBit from official registries is not merely an indicator of illegitimacy-it is a manifestation of the collapse of institutional epistemic authority in decentralized systems. The user, deprived of centralized verification mechanisms, is forced to navigate a semiotic labyrinth constructed by algorithmic mimicry and performative trust signals. In such a context, the legitimacy of an exchange is no longer determined by regulatory compliance, but by the coherence of its narrative. LongBit, therefore, is not a fraud-it is a mirror. And what it reflects is not the failure of a platform, but the failure of a society that has outsourced its discernment to aesthetics.
Ryan Hansen
It’s wild how these scams evolve. I used to think they were just lazy copycats-bad fonts, broken English, obvious phishing links. But now? They’re using AI-generated team photos, real-looking blog posts written by GPT-4, even fake YouTube reviews with voice clones. I checked one site last week that had a 17-minute ‘interview’ with their ‘CEO’-it was flawless. The guy even had a slight Texas accent and referenced the 2023 Ethereum merge like he was there. I ran the video through a deepfake detector and it came back clean. The domain was registered under a shell company in Cyprus, and the SSL cert was issued by a legitimate provider-just expired last month. I’m not saying LongBit is real. But I am saying that if you’re relying on surface-level checks-URL, logo, testimonials-you’re already behind. The new scams don’t want you to doubt them. They want you to question whether you’re the one who’s wrong.