Let'sBit Review: What Happened to This Crypto Exchange and Why It Disappeared

When you hear Let'sBit, a now-defunct cryptocurrency exchange that promised low fees and fast trades but vanished without notice in 2022. Also known as LetsBit, it was one of those platforms that looked legit on paper—clean interface, mobile app, and a flood of social media ads. But behind the polish, there was no real team, no transparent audits, and no customer support when users tried to withdraw. Let'sBit didn’t just fail—it disappeared. No warning. No explanation. Just a blank website and locked accounts. This isn’t rare in crypto. In fact, over 150 exchanges have vanished since 2020, and Let'sBit is a textbook case of what happens when a platform prioritizes marketing over trust.

Let'sBit wasn’t alone. It shared traits with other dead platforms like BEPSwap, the first DEX on Binance Smart Chain that shut down in 2021, and CoinEx, a once-popular exchange that later faced regulatory crackdowns in multiple countries. These platforms all had one thing in common: they offered too-good-to-be-true rewards, pushed users to deposit quickly, and avoided public audits or KYC. When the money stopped flowing in, they vanished. Let'sBit’s users didn’t just lose access to their funds—they lost months of research and trust. And worse, many didn’t even realize how little protection they had until it was too late.

What makes Let'sBit stand out isn’t just that it died—it’s how it fooled people. It used fake testimonials, copied design elements from bigger exchanges, and even ran influencer campaigns with paid actors. The red flags were there: no registered company address, no legal team listed, no response to support tickets. Yet people kept depositing because the app felt smooth and the Telegram group was full of "happy users." If you’re looking at any crypto exchange today, ask yourself: Can I find a real person behind it? Is there a public audit? Has anyone else lost money here? If the answer is no, walk away. The posts below dive into exactly these kinds of failures—what went wrong, how users got trapped, and how to protect yourself before it happens to you.