Ourbit Crypto Exchange Review: Risks, Red Flags, and Why You Should Think Twice

If you're considering trading on Ourbit, stop for a second. This isn't another exchange you can sign up for and forget about. Ourbit looks flashy on the surface - instant trades, 200x leverage, $5,000 bonuses, and a slick mobile app. But beneath the marketing, the warnings are loud and clear from regulators, security researchers, and experienced traders. This isn't a platform you want your life savings on.

What Ourbit Claims to Offer

Ourbit markets itself as a full-service crypto exchange. It supports spot trading, futures contracts with up to 200x leverage, P2P trading, and even has an NFT marketplace. You can use trading bots, access APIs for automated strategies, and try demo accounts before risking real money. The mobile app promises fast execution, real-time charts, and 24/7 support. It sounds like everything you’d want in a modern exchange.

But here’s the problem: features don’t equal safety. Many scam platforms offer the same bells and whistles - high leverage, bonuses, and fancy interfaces - to lure users in. What matters is what’s not there.

The Regulatory Red Flags

Regulators don’t issue warnings lightly. The Monetary Authority of Singapore (MAS) explicitly stated that Ourbit’s operations go beyond what its license permits. That’s not a minor oversight - it’s a violation. Similarly, FinCEN in the U.S. flagged Ourbit for exceeding its Money Services Business (MSB) license scope. These aren’t small agencies. They’re the ones that shut down illegal financial operations.

If a platform can’t prove it’s legally allowed to operate in major markets like Singapore and the U.S., that’s not a technical glitch. It’s a legal liability. And if regulators are warning you, your funds are at risk of being frozen, seized, or lost if the platform gets shut down overnight.

Security Rating: A ‘DD’ Score - The Lowest Possible

CER.live, a respected exchange security rating platform, gave Ourbit a ‘DD’ rating - the worst possible. Their score? Just 25%. Why? Because Ourbit has:

• No independent penetration testing
• No bug bounty program
• No public security audit reports
• No certification from any recognized cybersecurity body

Compare that to Binance, Kraken, or Coinbase - all have undergone multiple third-party audits, publish their security reports, and run active bug bounty programs that pay researchers to find flaws. Ourbit does none of this. That means vulnerabilities could be sitting there for months - or years - with no one looking for them.

Terms of Service That Favor the Exchange - Not You

Read the fine print. Ourbit’s terms give them full control to:

• Freeze your account without warning
• Suspend trading at any time
• Seize profits they claim are “illicit” - with no appeal
• Remove your registration data without notice
• Hold you fully responsible for any unauthorized access - even if their system was hacked

This isn’t normal. Even lesser-known exchanges offer some level of user protection. Ourbit’s terms are designed to shift every risk onto you. If your account gets compromised, you’re on the hook. If they decide your profit was “too high,” they can take it. If they feel like shutting down, they can - and you have zero recourse.

Too-Good-To-Be-True Promotions

You see a $5,000 bonus? A 50% fee discount with a referral code? That’s not generosity - it’s a red flag. Legitimate exchanges don’t give away thousands in free money. They make money from trading fees and liquidity. Promotions like this are classic scam tactics used to attract large deposits quickly before vanishing.

Real exchanges offer small sign-up bonuses - $10, $25, maybe $50. Not five grand. And if you’re being pushed to refer friends with big rewards, that’s a pyramid-style incentive. It’s designed to grow the user base fast, not to build a sustainable platform.

Missing Features That Matter

Beyond the risks, Ourbit lacks basic tools that serious traders rely on:

• No TradingView integration - you can’t use advanced charting tools
• No OTC desk - you can’t trade large amounts without slippage
• No launchpad for new tokens - you miss out on early access to promising projects
• No auto-invest or recurring buy options - you can’t dollar-cost average easily

These aren’t “nice-to-haves.” They’re standard on exchanges that care about long-term users. If a platform skips these, it’s not trying to serve traders - it’s trying to collect deposits.

What Happens If Ourbit Disappears?

Crypto exchanges go down all the time. But when a regulated, audited exchange fails, users often get some form of compensation or recovery. When an unregulated platform like Ourbit collapses? Your money is gone. Forever.

There’s no insurance. No FDIC. No legal recourse. The platform’s terms say they’re not liable for losses from hacking, protocol failures, or government actions. That means if Ourbit gets raided by regulators, or if a hacker drains their hot wallets, you’re not getting your Bitcoin back.

Alternatives That Actually Protect You

If you want to trade crypto safely, use exchanges with:

• Clear regulatory licenses (FinCEN, MAS, FCA, etc.)
• Published security audits and bug bounty programs
• Insurance funds for user assets
• Transparent terms with fair dispute resolution

Platforms like Kraken, Coinbase, and Binance (where legally available) have proven track records. They’ve survived market crashes, regulatory scrutiny, and hacking attempts - and still returned funds to users. That’s the difference between a platform built to last, and one built to disappear.

Final Verdict: Avoid Ourbit

Ourbit isn’t just risky - it’s dangerous. The combination of regulatory warnings, zero security certifications, predatory terms, and scam-like promotions creates a profile that matches known crypto frauds. The features look good, but the foundation is rotten.

Don’t be fooled by the app store ratings or the flashy ads. Real security doesn’t come with a bonus code. It comes from transparency, regulation, and accountability - none of which Ourbit provides.

If you’ve already deposited funds on Ourbit, withdraw them now - even if it means paying a fee. The longer you wait, the harder it will be to get out.

Frequently Asked Questions