Eterbase Crypto Exchange Review: What Went Wrong and Why It Shut Down
Eterbase was a popular European crypto exchange that shut down after a $5.5 million hack in 2020. Learn what went wrong, why it failed, and what you should use instead.
When you hear Eterbase, a cryptocurrency exchange that served users outside the U.S. with low fees and a clean interface, you might wonder if it’s still around—or if it ever was trustworthy. Eterbase was never a giant like Binance or Coinbase, but for years, it quietly attracted traders looking for simple, no-nonsense trading without U.S. restrictions. It offered spot trading, margin options, and decent support for altcoins—especially European and Asian tokens that bigger exchanges ignored. But in 2023, things changed. User reports started piling up: delayed withdrawals, vanished customer service, and suddenly, no updates from the team. By late 2024, the website was slow, the app crashed, and the official Twitter account went silent. Many users never got their funds back.
So what happened to Eterbase, a crypto exchange that once claimed to be transparent and secure? It wasn’t hacked. It wasn’t shut down by regulators. It just… disappeared. That’s the quiet end of too many exchanges that promise low fees but never build real trust. Compare that to AscendEX, a non-U.S. exchange still operating with clear audits and active development, or even ARzPaya, a regional platform that stays alive by serving a specific community with consistent support. Eterbase didn’t have that kind of backbone. It didn’t have a strong team, public audits, or a clear roadmap. It relied on users trusting a brand name and a clean design—and that’s not enough.
If you’re looking for a reliable exchange today, don’t just check if it’s still online. Ask: Who runs it? Are there real, verifiable audits? Is customer support responsive? Does it have a history of keeping user funds safe? The posts below cover real exchange reviews—some still active, others that vanished like Eterbase. You’ll find honest takes on platforms that work, and warnings about ones that don’t. Some are big. Some are small. But every one of them answers the same question: Is this exchange safe to use? Whether you’re trading Bitcoin, altcoins, or stablecoins, these reviews help you avoid the next silent shutdown.
Eterbase was a popular European crypto exchange that shut down after a $5.5 million hack in 2020. Learn what went wrong, why it failed, and what you should use instead.