Bitroom Crypto Exchange Review: Is It Legit or a Scam?

There’s no such thing as a legitimate crypto exchange called Bitroom. Not in any official database. Not on any regulated exchange list. Not even in the records of the California DFPI, Kraken, Binance.US, or Gemini. If you’ve seen a website, app, or social media ad pushing Bitroom as a place to trade Bitcoin or altcoins, you’re looking at a scam.

What Bitroom Actually Is

Bitroom doesn’t exist as a real business. It’s a fake platform built to look like a crypto exchange. The website probably has sleek graphics, fake testimonials, and a live chat that answers too fast. It might even show your balance going up - until you try to withdraw. Then the excuses start: ‘Maintenance,’ ‘KYC delay,’ ‘fraud detection.’

This isn’t new. Scammers have been doing this for years. They pick names that sound like real exchanges - Bitroom, BitBull, BitFusion, CryptoHive - anything that tricks you into thinking it’s part of the same family as Binance or Kraken. They copy the UI, steal logos, and even hire actors to pretend to be customer support. Their goal? Get you to deposit money. Then vanish.

How the Bitroom Scam Works

Here’s how it plays out in real life:

1. You see an ad on Instagram or TikTok: ‘Earn 5% daily with Bitroom - guaranteed returns!’
2. You click the link. The site looks professional. It even has a ‘Live Trading’ feed showing prices.
3. You sign up with your email and phone. No ID needed - that’s a red flag.
4. You deposit $500 in BTC or USDT. The platform credits your account instantly.
5. You try to withdraw $100. The system says ‘minimum withdrawal is $500’ or ‘your account needs verification.’
6. You deposit another $1,000 to ‘unlock’ your funds. Now you’re stuck.
7. The site goes dark. The chat goes silent. The phone number doesn’t work.

This is called a ‘pig butchering’ scam. The name comes from how scammers ‘fatten up’ their victims with small wins before slaughtering them. One victim in California lost $179,000 to a platform just like this. He thought he was trading. He was just feeding money into a black hole.

Why Legit Exchanges Don’t Look Like Bitroom

Real crypto exchanges have public records. They’re registered with financial regulators. They publish security audits. They have physical offices. They answer to governments.

Take Kraken. It’s licensed in the U.S., EU, and Canada. It’s been around since 2011. It’s been hacked once - and they paid back every customer. That’s accountability.

BitMEX? Operated under strict compliance until it was fined $100 million by the U.S. Treasury. Even when they messed up, they were held responsible.

Bitroom? No registration. No license. No address. No history. No legal team. No audit reports. Nothing.

Red Flags That Bitroom Is a Scam

• No mention on CoinMarketCap, CoinGecko, or CryptoCompare
• No regulatory body (FinCEN, FCA, ASIC, etc.) lists it
• Website domain registered less than 6 months ago
• Only accepts crypto deposits - no bank transfers or fiat on-ramps
• Customer support replies in broken English or uses stock chatbot phrases
• Promises of guaranteed returns or ‘risk-free trading’
• Pressure to deposit quickly: ‘Limited time offer!’

If you see even one of these, walk away. If you see three or more, it’s a 100% scam.

What to Do If You’ve Already Lost Money to Bitroom

If you deposited funds into Bitroom, don’t panic - but don’t wait either.

Step 1: Stop sending more money. No matter what they say, don’t fund another deposit to ‘unlock’ your balance. That’s the classic trap.

Step 2: Report it. File a report with your local financial crime unit. In the U.S., go to IC3.gov. In the UK, use Action Fraud. In Australia, report to ACSC. In New Zealand, contact the NZ Police Financial Crime Unit.

Step 3: Share your story. The California DFPI Crypto Scam Tracker has logged over 1,200 fake exchange cases since 2022. Your report helps others avoid the same fate.

Step 4: Don’t hire a ‘recovery service.’ These are just scams inside scams. They’ll take your money too, promising to ‘trace’ your funds. They can’t. The money is gone - moved through mixers, converted to Monero, and vanished.

Where to Trade Crypto Safely in 2025

If you want to trade crypto, use platforms that have been around, been tested, and been held accountable:

• Kraken - Best for U.S. and EU users, strong security, low fees
• Binance.US - Wide selection of coins, regulated in the U.S.
• Coinbase - Simple for beginners, insured custodial wallets
• Bitstamp - One of the oldest, trusted by institutions since 2011
• Bybit - Popular for derivatives, strong track record since 2020

All of these have public company info, clear fee schedules, and verified support channels. You can call them. You can email them. You can visit their offices if you need to.

Bitroom? You can’t. And that’s the difference between a business and a trap.

How to Spot Fake Exchanges Before You Deposit

Before you sign up for any exchange, check these three things:

1. Search the name + ‘scam’ - If you see even one report, walk away.
2. Check CoinMarketCap or CoinGecko - Legit exchanges are listed there. If it’s not, it’s not real.
3. Look up the domain registration - Go to whois.domaintools.com. If it was registered last month, that’s a huge red flag.

Also, never trust a platform that asks you to download a custom app. Legit exchanges work in your browser. They don’t push you to install unknown software.

Final Warning

There’s no ‘hidden gem’ here. No ‘new platform’ with better rates. Bitroom is a ghost. A digital trap. A money hole. People lose everything to these scams - not because they’re stupid, but because the scammers are incredibly good at pretending to be real.

If you’re new to crypto, start with Coinbase or Kraken. Learn the basics. Understand how wallets work. Know how to spot a fake. The market is risky enough without adding fraud to the mix.

Bitroom isn’t a crypto exchange. It’s a crime scene. Don’t walk in.