Bitlish Crypto Exchange Review: What Happened and Why It’s Gone
Bitlish was a transparent, low-fee crypto exchange that shut down in 2020. Learn what made it unique, why it failed, and what happened to users' funds after it vanished overnight.
When you hear Bitlish, a crypto exchange that launched in 2017 with a focus on Russian-speaking users and fiat onramps. It was once one of the few platforms that let you buy Bitcoin with Russian rubles directly. But today, its reputation is mixed. Some users still rely on it for quick ruble trades, while others warn of slow withdrawals, outdated UI, and lack of transparency. Crypto exchange, a platform where users trade digital assets like Bitcoin, Ethereum, and altcoins. It's not just about buying and selling—it's about safety, speed, and trust. And when a platform stops updating its app, hides its team, or doesn’t respond to support tickets, those things start to matter more than low fees.
Bitlish isn’t regulated by major financial authorities like the FCA or SEC. That means there’s no official backup if something goes wrong. You’re trusting a private company with your money, and that’s risky. Compare that to exchanges like KoinBX or GroveX, which at least publish some compliance info. Bitlish doesn’t even list its headquarters clearly on its website. It’s also not listed on CoinMarketCap or CoinGecko anymore, which is a red flag—most active exchanges get indexed there automatically. If you’re looking for crypto trading platform, a service that enables buying, selling, and storing digital currencies with varying levels of security and features. You want one that’s visible, accountable, and growing, Bitlish doesn’t check those boxes anymore. The trading pairs are limited, the mobile app crashes often, and the deposit methods feel like they’re stuck in 2019.
So why do people still use it? Mostly because they’re stuck. Many Russian users turned to Bitlish when other platforms pulled out after sanctions. Now, even if it’s not ideal, switching means learning a new system, transferring funds, and risking delays. But if you’re new to crypto or outside Russia, there’s no reason to choose Bitlish over better options. There are dozens of exchanges with lower fees, faster support, and clearer rules. You don’t need to settle for a platform that feels like it’s running on autopilot.
Below, you’ll find real user experiences, fee breakdowns, and comparisons with other platforms that actually keep up with 2025 standards. No fluff. No marketing spin. Just what you need to know before you send your crypto anywhere near Bitlish.
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