Ourbit
Ourbit Review 2025 – Is It a Safe Crypto Exchanger?
Thinking of buying, selling, or exchanging crypto with Ourbit? In this detailed review, we examine Ourbit’s regulations, supported assets, trading features, fees, security, and more. By the end, you’ll know whether Ourbit is a suitable and safe crypto exchanger for your needs in 2025.
| Feature | Details |
|---|---|
| Exchange Name | Ourbit |
| Founded | 2020 |
| Headquarters | Unknown / Offshore |
| Regulations | No major regulatory oversight (unregulated offshore entity) |
| Minimum Deposit | $20 (varies by payment method) |
| Account Types | Standard Exchange Account |
| Trading Platforms | Web-based platform, Mobile-friendly interface |
| Assets Offered | Crypto-to-crypto trading, Stablecoins, Selected altcoins |
| Leverage | Not available (Spot exchange only) |
Regulation & Safety
Ourbit operates without recognized global regulation. This means user protection is limited compared to licensed exchanges. Important considerations include:
- No official license from regulators such as FCA, ASIC, or CySEC
- Operates from an offshore jurisdiction
- No guaranteed investor compensation scheme
- Basic KYC for account security
Account Types Offered
| Account Type | Platform(s) | Trading Fees | Commission | Minimum Deposit |
|---|---|---|---|---|
| Standard Exchange Account | Web Platform | Varies (typically 0.1% – 0.3%) | No hidden commission | $20 |
| OTC / Large Volume | Request-based | Lower negotiated fees | Depends on volume | Starts from $5,000+ |
Trading Platform
- Web-based interface suitable for beginners
- Real-time charts (basic)
- Simple buy/sell and exchange tools
- Mobile-friendly version available
- No MT4/MT5 or advanced charting tools
Cryptocurrencies You Can Trade
- Major cryptocurrencies (Bitcoin, Ethereum, Litecoin)
- Popular altcoins (varies based on availability)
- Stablecoins (USDT, USDC)
- Some emerging tokens, depending on market
- No futures, leverage, or derivatives
Fees & Commission
- Trading Fees: ~0.1% – 0.3% per trade
- Deposit Fees: Depends on method; crypto deposits usually free
- Withdrawal Fees: Network fees apply for crypto transfers
- Swap/Overnight Fees: Not applicable (spot exchange only)
- Inactivity Fee: May apply after long periods of no usage
Security Measures
- Two-factor authentication (2FA)
- Basic encryption on website and platform
- Cold wallet storage for a portion of assets
- No clear proof-of-reserve or transparency audits
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Cryptocurrency Deposit | Minutes | Network fees only |
| Credit / Debit Card | Instant | High processing fees may apply |
| E-wallets (varies) | Instant to same day | Service charges apply depending on provider |
| Crypto Withdrawals | Minutes to hours | Network fees + platform fees |
Customer Support
- Email support
- Live chat (availability varies)
- No verified global phone support
- Support responsiveness varies by region
Pros & Cons
Pros
- Easy-to-use crypto exchange interface
- Fast account creation with basic KYC
- Supports popular crypto assets
- Low minimum deposit ($20)
Cons
- Not regulated by any major financial authority
- Lack of transparency about company location
- No advanced platforms like MT4/MT5
- Limited customer support
- Higher risk compared to licensed exchanges
Is Ourbit Right for You?
Ourbit may be suitable for users looking for a simple crypto exchanger with quick account setup and basic trading functionality. However, due to its **lack of regulation**, beginners and long-term investors should exercise caution and consider using more transparent and licensed exchanges.
If you decide to use Ourbit:
FAQs About Ourbit
Is Ourbit regulated?
No. Ourbit operates without regulatory oversight and is considered a high-risk platform.
What is the minimum deposit?
Minimum deposit starts around $20.
Does Ourbit support fiat deposits?
Yes, but methods vary and fees may be high.
Are withdrawals fast?
Crypto withdrawals are typically processed within minutes to hours.
Is it safe to trade on Ourbit?
Safety is uncertain due to lack of transparency and regulation.
Disclaimers
Cryptocurrency trading carries significant risks, including price volatility and platform risk. Always do your own research and never invest more than you can afford to lose.
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