Let'sBit Crypto Exchange Review: Is It Still Operational in 2025?

Let’sBit was supposed to be the crypto exchange for everyday people in Latin America. No complicated interfaces. No foreign bank accounts. Just buy Bitcoin with your pesos, reals, or pesos - straight from your phone. It sounded like the answer for millions who’ve been locked out of traditional finance. But here’s the truth: Let'sBit isn’t a working exchange anymore. It’s a ghost.

What Let'sBit Claimed to Be

When Let’sBit launched in 2020, it promised something rare: a crypto platform built for Latin America, not just copied from the U.S. or Europe. It wasn’t trying to compete with Binance or Coinbase on global volume. It wanted to win locally. The plan? Let Argentinians, Brazilians, and Colombians deposit pesos, reals, or bolívares directly via bank transfer or local payment apps. No wire fees. No waiting days. Just trade crypto like you’d send a text.

It offered spot trading, futures, and perpetual contracts - tools usually reserved for advanced traders. But the real sell was simplicity. The app had Spanish and Portuguese support. Onboarding asked for just a national ID (DNI in Argentina, CPF in Brazil). No proof of address. No notarized documents. It felt like it was made by people who’d lived the struggle.

What Let'sBit Actually Is Today

Go to CoinMarketCap. Search for Let’sBit. You’ll see it listed - but under a dark gray label: “Untracked.” No trading pairs. No volume. No order books. Zero activity for over two years. CoinGecko doesn’t even list it anymore. That’s not a glitch. That’s a tombstone.

The website still loads, barely. The login page is there. The “Support” button? Click it. Nothing happens. No chatbot. No email reply. No phone number. Traders Union tried reaching out in early 2025. No response in 72 hours - the industry standard for even the worst exchanges. Let’sBit’s social media accounts haven’t posted since 2022. No announcements. No updates. No “We’re back.” Just silence.

Why It Failed

Let’sBit didn’t fail because it was poorly designed. It failed because it never scaled beyond a prototype.

In 2021, some users reported smooth deposits and quick withdrawals. Reddit threads from Buenos Aires and São Paulo praised the app. Then, in late 2022, stories started popping up: “My funds disappeared.” “I can’t withdraw my BTC.” “The app just froze.”

Trustpilot has 19 reviews. Half gave it 5 stars. The other half gave it 1. No 2s, 3s, or 4s. That’s not bad luck. That’s a pattern. The platform worked - for a while. Then it stopped. And when it stopped, it didn’t tell anyone. It just went dark.

Compare that to Bitso in Mexico or Mercado Bitcoin in Brazil. Both have millions of users. Both report monthly volumes in the billions. Both have public proof-of-reserves and audit reports. Let’sBit had none. No regulatory license from Argentina’s CNV. No security audits. No insurance. No transparency.

The User Experience - If You Could Still Use It

If you somehow got into Let’sBit in 2021, the experience was clean. The app looked like a messaging app - simple buttons, big icons, no charts cluttering the screen. You could buy Bitcoin with your bank account in under 10 minutes. That’s faster than most traditional brokers.

But here’s the catch: you couldn’t sell. Or at least, not reliably. Withdrawals started taking weeks. Then months. Some users reported their funds locked for over a year. Others got a refund - but only after threatening legal action. The platform never published a clear withdrawal policy. No limits. No timelines. No explanation.

Mobile apps? Gone from the App Store and Google Play. No updates since 2022. If you still have the app installed, it likely won’t connect to the server. You’ll get a timeout error. That’s not a bug. That’s abandonment.

How It Compares to Real Alternatives

Let’sBit claimed to be the best for Latin America. But it wasn’t even in the race.

- Bitso (Mexico/Argentina): Processes over $1.2 billion monthly. Fully regulated. Public reserves. 24/7 support. App rated 4.8 on both stores.

- MercaDo Bitcoin (Brazil): 5 million users. Licensed by Brazil’s central bank. Supports PIX transfers - instant deposits.

- Ripio (Argentina): Dominates the peso market. Offers crypto-backed loans. Integrates with local banks.

- Buenbit (Argentina): 32% market share. Simple interface. Real-time support. No hidden fees.

Let’sBit doesn’t appear in any of these market share reports. Not even as a footnote. It’s not a competitor. It’s a cautionary tale.

Is Let'sBit Safe to Use Now?

No. Not even close.

If you’re thinking of signing up - don’t. Even if the website says “Register now,” it’s a trap. There’s no way to verify your identity. There’s no way to deposit money. And if you somehow did, you’d be risking your entire balance.

Crypto exchanges need liquidity. Let’sBit had none. They need security audits. Let’sBit had none. They need customer support. Let’sBit has none. They need regulatory compliance. Let’sBit never applied.

The only thing it has left is a domain name and a few old reviews. That’s not a business. That’s a digital graveyard.

What Happened to the Money?

We don’t know. And that’s the scariest part.

There’s no public record of user funds being returned. No bankruptcy filing. No press release. No lawyer. Just silence. The team vanished. The servers went quiet. And the people who trusted them? They’re left with screenshots of their balances - numbers that mean nothing now.

In Argentina, where inflation hits 300% a year, people turn to crypto to protect their savings. Let’sBit promised safety. It delivered uncertainty. And now, it’s gone.

Final Verdict

Let’sBit was a good idea that died before it could grow. It had the right mission: make crypto simple for Latin America. But it skipped the basics - trust, transparency, and reliability.

If you’re looking for a crypto exchange in Latin America today, there are dozens of better options. All of them are active. All of them have verifiable records. All of them answer their phones.

Let’sBit? It’s not broken. It’s dead. And if you’re still seeing ads for it - run. Don’t click. Don’t register. Don’t even think about it.

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