Crypto Exchange Scam Checker
This tool helps you assess whether a crypto exchange platform is legitimate or potentially fraudulent based on established scam red flags. Based on the Bitroom scam review article above, answer these questions to determine your risk level.
How does the exchange handle regulatory compliance?
What payment methods does the exchange accept?
Does the exchange promise guaranteed returns?
How does the exchange handle team transparency?
Does the exchange pressure you to deposit quickly?
There’s no such thing as a legitimate crypto exchange called Bitroom. If you’ve seen ads, social media posts, or YouTube videos promoting Bitroom as a trading platform, you’re being targeted by a scam. This isn’t a case of a new startup struggling to gain traction - it’s a classic pig butchering scheme dressed up like a real exchange. The name sounds similar to trusted names like Bitfinex or Binance, and that’s not by accident. Scammers count on you making the same mistake.
Why You Won’t Find Bitroom on Any Official List
Check any reputable source - CoinMarketCap, CoinGecko, the California DFPI Crypto Scam Tracker, or even the official websites of regulated exchanges like Kraken or Gemini - and you won’t find Bitroom. Not a single listing. Not a single regulatory filing. Not even a trace in industry databases that track every active crypto platform. Legitimate exchanges are required to register with financial authorities. They publish audits, security reports, and KYC procedures. Bitroom has none of that. That’s not a gap - it’s a red flag flashing in neon.Real exchanges like Bitstamp (founded in 2011) and Kraken (2011) have been around for over a decade. They’re listed on major financial watchdogs. They’ve survived market crashes, hacks, and regulatory crackdowns. Bitroom? It doesn’t exist in any official capacity. If a platform can’t be found in these places, it’s not just unknown - it’s dangerous.
How the Bitroom Scam Works
The scam follows a well-worn pattern. First, you’re lured in by flashy ads promising high returns - “Earn 10% daily!” or “Crypto trading made easy!” You click a link, land on a professional-looking website with fake testimonials and live chat support. The site looks real. The interface even mimics Binance or Coinbase. You’re told to deposit crypto or fiat to start trading.At first, you might see fake profits. Your balance climbs. You think you’ve found a goldmine. Then comes the trap: you try to withdraw. Suddenly, you’re asked to pay a “verification fee,” a “tax,” or a “liquidity charge.” You pay it. The balance goes up again. Then another fee. And another. Eventually, the site goes dark. The chat support vanishes. Your money is gone.
The California DFPI Crypto Scam Tracker has documented over 300 cases like this in the last two years. One victim lost $179,000 to a platform that vanished overnight. The name? Not Bitroom - but the method is identical. These scammers reuse the same scripts, templates, and tactics. They just change the name. Bitroom is just the latest version.
Red Flags You Can’t Ignore
Here’s what to look for when a crypto platform feels off:- No regulatory license: Legit exchanges are registered with bodies like the SEC, FCA, or ASIC. Bitroom has no such registration.
- Unverifiable team: No LinkedIn profiles, no real names, no public founders. Just stock photos and vague bios.
- Guaranteed returns: No legitimate exchange promises fixed profits. Crypto is volatile. Anyone saying otherwise is lying.
- Pressure to deposit fast: “Limited time offer!” or “Only 3 spots left!” - that’s a classic scam tactic.
- Payment only in crypto: Real platforms let you deposit via bank transfer, credit card, or PayPal. Bitroom only takes crypto - because it’s untraceable.
If you see even one of these, walk away. If you see all of them - you’re already in a trap.
What Happens After You Get Scammed
Once your money is gone, recovery is nearly impossible. Crypto transactions are irreversible. Exchanges like Bitroom don’t have servers you can sue - they’re hosted on offshore VPS services, often in countries with no extradition treaties. Even if you report it to your bank or local police, they’ll tell you crypto fraud is hard to trace.Some scammers even sell “recovery services” - another layer of the scam. They’ll promise to get your funds back for a fee. Of course, they disappear too. Don’t fall for it.
The only real action you can take is reporting the scam to authorities. In New Zealand, report it to the Commerce Commission. In the U.S., file with the FTC and the DFPI Crypto Scam Tracker. These reports help build cases and warn others.
Where to Trade Crypto Safely
Stick to exchanges with a proven track record. Here are a few that are regulated, audited, and trusted globally:- Kraken: Founded in 2011, regulated in the U.S. and EU, offers spot and futures trading.
- Gemini: Co-founded by the Winklevoss twins, licensed in New York as a trust company.
- Bitstamp: One of the oldest exchanges, operating since 2011, regulated in Europe.
- Binance.US: The U.S.-compliant version of Binance, with full KYC and compliance.
- Coinbase: Publicly traded on NASDAQ, heavily regulated, and insured for custodial assets.
All of these platforms publish their security practices, insurance coverage, and regulatory status. You can verify their licenses. You can read their audit reports. You can contact their support without being ghosted.
How to Protect Yourself
Here’s what you should do right now:- Stop using Bitroom. If you’ve deposited funds, do not send more.
- Take screenshots of the website, your transaction history, and any communication.
- Report it to your local financial regulator.
- Warn others. Share your experience on Reddit, Twitter, or crypto forums.
- Use a hardware wallet like Ledger or Trezor for long-term storage - never leave funds on an untrusted exchange.
There’s no shortcut to making money in crypto. If it sounds too good to be true, it is. Bitroom isn’t a failed startup - it’s a criminal operation. And it’s not alone.
Why This Scam Keeps Winning
Scammers succeed because they exploit hope. People see crypto prices rising and think they need to get in fast. They’re scared of missing out. The scammers feed that fear. They make you feel smart for finding “this hidden gem.” But the only thing hidden is your money.Legit exchanges don’t need to chase you. They don’t need to promise 10% daily returns. They earn trust over years. They build infrastructure. They hire engineers, lawyers, and compliance teams. They pay taxes. They get audited. Bitroom does none of that. And that’s why it’s not a platform - it’s a theft.
Don’t be the next statistic. If you haven’t traded yet, don’t start with Bitroom. If you already lost money, don’t chase it. Report it. Learn from it. And move on - to a real exchange, with real security, and real accountability.
Is Bitroom a real crypto exchange?
No, Bitroom is not a real crypto exchange. It does not appear on any official crypto directory, regulatory database, or trusted industry list. All evidence points to it being a scam platform designed to steal user funds.
Why can’t I find Bitroom on CoinMarketCap or CoinGecko?
Because Bitroom is not a legitimate platform. CoinMarketCap and CoinGecko only list exchanges that meet strict criteria: regulatory compliance, transparency, liquidity, and operational history. Bitroom fails every single one of these requirements.
What should I do if I already sent money to Bitroom?
Stop sending more money. Save all screenshots and transaction IDs. Report the scam to your local financial authority - like the Commerce Commission in New Zealand or the FTC in the U.S. Unfortunately, recovering crypto sent to scams is extremely rare. Focus on preventing further loss and warning others.
Are there any safe alternatives to Bitroom?
Yes. Use regulated exchanges like Kraken, Gemini, Bitstamp, Binance.US, or Coinbase. These platforms are licensed, audited, and have years of public track records. They also offer customer support, insurance on holdings, and clear fee structures.
How do I spot a crypto scam in the future?
Look for these signs: guaranteed returns, pressure to deposit quickly, no regulatory info, anonymous team, and only crypto payments accepted. If the platform isn’t listed on CoinGecko or regulated by a known authority, assume it’s a scam until proven otherwise.
OH MY GOD I JUST LOST $42K TO THIS THING!!! I thought it was legit because the website looked like Binance, the chatbot answered instantly, and I saw fake profit graphs!!! I even told my cousin to invest-he lost $18K too!!! I feel so stupid, but I’m not alone, right???
It is imperative to recognize that the absence of regulatory oversight is not merely an oversight-it is a definitive indicator of fraudulent intent. Legitimate financial institutions operate under jurisdictional compliance frameworks. Bitroom, by virtue of its non-existence in any regulatory database, constitutes a criminal enterprise masquerading as a financial service provider.
US citizens need to stop falling for this crypto nonsense. We got real markets, real banks, real jobs. Why are we chasing ghosts on the internet? This is why America’s youth is broke.
They’re not even trying anymore. I saw a TikTok ad for Bitroom with a guy in a suit saying ‘I made $20K in 3 days’ and his background was a green screen of a beach. I called the FTC. They said ‘We’ve seen 300 like this this month.’ I’m just mad we’re this gullible.
While the emotional weight of these scams is undeniable, it is critical to approach such matters with factual rigor. The absence of registration with recognized financial authorities, coupled with the lack of transparency in operational structure, constitutes sufficient evidence to classify Bitroom as an illicit entity. Further investigation should be directed toward reporting mechanisms and preventative education.
I know it’s scary to lose money, but don’t let this make you hate crypto. The real platforms-Kraken, Coinbase, Gemini-they’re solid. This scam just shows how badly people need better education. I run a free crypto 101 Discord server if anyone wants to learn the difference between legit and fake. No pressure, just here to help.
Let me tell you something-this isn’t just a scam, this is a cultural collapse. We live in a world where a 19-year-old with Canva and a fake LinkedIn profile can trick people into sending Bitcoin because the algorithm told them ‘you might like this.’ The entire financial system is being hacked by dopamine-driven AI-generated propaganda. And the worst part? The scammers are smarter than the regulators. They don’t need to be clever-they just need to be faster. And we? We’re addicted to the fantasy of getting rich without working. Bitroom is just the mirror holding up our collective delusion.
OMG I literally just got a DM from someone saying ‘Bitroom is the future’ and I almost fell for it. I’m so done with this. I work in fintech and I’ve seen the backends of real exchanges-this thing doesn’t even have a server log. And now they’re using AI voice clones to pretend they’re customer service? I’m reporting them to the SEC right now. Someone needs to shut this down.
bro i just lost 5k 😭 i thought it was real bc the site had a ‘live support’ button and it replied in 2 sec. turns out it was a bot. i’m using my phone to type this from the library. someone pls help. also can someone send me a link to kraken? i’m too scared to google it now 😅
It’s not about Bitroom. It’s about the illusion of control. We want to believe there’s a system we can hack, a shortcut to abundance. But crypto didn’t change human nature-it just gave new tools to the oldest con. The real question isn’t ‘Is Bitroom real?’ It’s ‘Why do we keep believing in miracles disguised as algorithms?’
What if Bitroom is a black ops crypto sting? Like… what if the government let it run to catch the scammers? I read a leak on 4chan that said the DOJ was using fake exchanges to track money laundering. Maybe Bitroom is bait. Maybe I’m the only one who sees it.
Of course you got scammed. You didn’t even check CoinGecko? You’re not a victim-you’re a liability. If you can’t do basic research before throwing money into some shady website, you don’t deserve to own crypto. Stop being a sheep. The market eats the weak. That’s not a flaw-it’s a feature.
To those who have suffered financial loss: please know that you are not alone, and your experience is valid. I encourage you to channel this pain into action-report the incident, educate your community, and consider joining a financial literacy workshop. There are organizations that offer free guidance. Healing begins with awareness.
How is this even still a thing? I mean, the average person can’t tell the difference between a .com and a .xyz anymore. This isn’t ignorance-it’s willful neglect. If you can’t verify a platform’s existence in a 2-minute Google search, you shouldn’t be allowed to touch a wallet. It’s not capitalism-it’s Darwinism.
bro i also got scammed by bitroom last month! i send 0.8 btc and now i cant login. i tried to contact support and they said ‘wait for 24 hrs’ and then site gone. i am from india and police said ‘no case’ because crypto. so i made a meme about it and it went viral on twitter. now 1000 people are reporting. maybe we can stop them?
They don't need to be smart. They just need to be loud. And we keep clicking because we're bored. We're lonely. We want to believe there's magic in the blockchain. But there isn't. There's just code. And people. And greed. And we're the ones feeding it.