Bittam Exchange Exposed: Why This Broker Is a High-Risk Platform

Bittam Exchange Exposed: Why This Broker Is a High-Risk Platform

With a dangerously low WikiBit score of 3.06 out of 10 and serious questions surrounding its regulatory claims, Bittam Exchange has emerged as a high-risk platform that traders cannot afford to overlook.

On its official website, Bittam Exchange, also known as Bittam, portrays itself as a global cryptocurrency derivatives exchange with a presence in Singapore, Hong Kong, Japan and the United States. It promises a suite of features aimed at both novice and advanced traders, including leveraged trading on digital currencies like BTC, ETH, ADA and more. The platform proudly promotes no-KYC onboarding, “zero slippage” execution, high leverage up to 200× and round-the-clock support. But this is not the entire truth!

With a dangerously low WikiBit score of 3.06 out of 10 and serious questions surrounding its regulatory claims, Bittam Exchange has emerged as a high-risk platform that traders cannot afford to overlook.

Why Bittam Is Under Serious Scrutiny

Bittam presents itself as a global cryptocurrency trading platform, offering spot trading, derivatives and high leverage products, while claiming to serve users across multiple regions with fast execution and easy access. However, these marketing claims are not backed by clear regulatory approval or transparent company information, and the strong focus on attractive features rather than user protection suggests the platform may be more interested in encouraging deposits than in building trust, credibility or long-term security for its users.

Critical Risk: Misuse of MSB Licence

Bittam states that it holds a Money Services Business licence registered with United States FinCEN under licence number 31000300213336. This point is especially important for traders to understand clearly.

An MSB registration is not a trading licence. It does not regulate crypto exchanges or derivatives trading. It does not protect client funds. It does not mean FinCEN supervises the platforms daily operations.

FinCEN only requires MSBs to register for anti-money laundering reporting. It does not approve platforms, review business models or guarantee safety.

More concerning is the fact that Bittams actual business activities go far beyond what an MSB licence allows. This means the platform is operating without a legitimate regulatory licence, leaving traders fully exposed to risk.

Major Warning Signs Identified by WikiBit

Bittams domain was only registered in March 2025, making it a remarkably new entrant with virtually no long-established track record, independent user adoption data or credible reputation indicators. This greatly complicates the reliable evaluation of its legitimacy or longevity.

Despite claiming global operations, Bittam has very weak online visibility and very little independent user feedback. This is unusual for a platform that claims to have an international reach.

In fact, there is one negative user feedback submitted regarding Bittams lack of credibility as shown below:

Urgent Advice to Traders: Suspend Use Immediately

Based on the risks identified above, WikiBit strongly warns traders to suspend all activity on Bittam Exchange immediately.

If you are already using the platform, do not deposit additional funds. Consider withdrawing existing funds if possible and monitor your account closely for any abnormal behaviour.

Without proper regulation, there may be no realistic legal path to recover losses if disputes or fund issues arise.

Final Warning

A WikiBit score of 3.06 out of 10 is a serious warning signal. It clearly indicates high risk. Bittams use of an MSB licence to suggest regulation is misleading, and its lack of transparency raises serious concerns.

When a platforms licence does not match its actual business activities, traders bear the full risk.

Until Bittam can provide clear and verifiable regulatory approval from a recognised authority, the safest decision is to stay away and suspend use immediately.

WikiBit serves as an independent, international third-party platform dedicated to evaluating and verifying the safety and reliability of FX brokers. Our comprehensive database covers more than 70,000 brokers, enabling investors to research broker profiles, regulatory agencies, financial licences, and safety indicators with confidence.

If you encounter suspicious activity or fall victim to an investment scam, WikiBit is here to help. Our team analyses each case thoroughly, offering personalised guidance and practical solutions to help minimise potential losses.