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.
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