When you hear "BTCsquare crypto exchange," you might think it’s another quiet player in the crowded world of cryptocurrency trading. But the truth? It’s barely there. As of February 2026, BTCsquare isn’t just small-it’s practically invisible. If you’re looking for a reliable place to trade Bitcoin, Ethereum, or even obscure altcoins, this platform won’t help you. In fact, it might put your funds at risk.
What Is BTCsquare?
BTCsquare claims to be a no-KYC cryptocurrency exchange founded in 2018, registered in Seychelles. That means, on paper, you don’t need to submit ID or prove who you are to trade. That sounds appealing if you value privacy. But here’s the catch: privacy without liquidity is useless.
The platform says it supports trading with its native token, PLURA, which supposedly cuts trading fees to "almost zero." Sounds great, right? Except no one’s trading enough to make that matter. There’s no public data showing what fees you actually pay before or after using PLURA. The numbers just aren’t there.
Why You Should Be Worried About Liquidity
Liquidity is the lifeblood of any exchange. It’s what lets you buy or sell without dragging the price up or down. BTCsquare doesn’t have any.
The last reliable volume data from March 2020 showed just $2,334 traded in 24 hours. That’s less than what a single trade on Binance or Kraken handles in five minutes. By October 2025, CoinMarketCap stopped tracking BTCsquare entirely and labeled it an "Untracked Listing." That’s not a glitch-it’s a death sentence. If an exchange can’t hit the minimum volume threshold to even be measured, it’s not a market. It’s a ghost town.
What does that mean for you? If you try to sell $500 worth of Bitcoin, you might not find a buyer. Or worse-you find one, but the price drops 15% because there’s no one else bidding. That’s slippage. And in a market this thin, it’s guaranteed.
Security Claims Don’t Add Up
BTCsquare says it stores 98% of assets in cold multisignature wallets. That sounds solid-until you realize no one’s verifying it. There are no third-party audits. No public wallet addresses. No transparency reports. Just a claim on a website that hasn’t changed in years.
Compare that to exchanges like Kraken or Coinbase, which publish regular proof-of-reserves and are regulated in the U.S., EU, and beyond. BTCsquare operates in a legal gray zone. Seychelles has no real crypto oversight. If the platform vanishes tomorrow, you have zero legal recourse. No FDIC insurance. No dispute team. No customer service email that gets answered.
No App, No Support, No Community
You can’t trade on the go. BTCsquare has no mobile app. That’s not a minor oversight-it’s a dealbreaker in 2026. Everyone expects to check prices, set alerts, or make quick trades from their phone. BTCsquare forces you to use a desktop browser. And if something goes wrong? Good luck finding help.
There’s no public support page. No live chat. No Twitter account with replies. No Reddit community. No Telegram group. Not even a single user review on Trustpilot or CoinMarketCap’s user section. The only review ever written? One. Just one. And it’s from 2019.
What You Can’t Trade
How many coins does BTCsquare support? No one knows. CoinMarketCap says "no data is available." That’s not because they’re lazy-it’s because there’s nothing to report. Major exchanges list hundreds of tokens. Binance offers over 700. Kraken has 350+. BTCsquare? Maybe 10. Maybe 5. Maybe none that actually trade.
If you’re looking to trade anything beyond Bitcoin and Ethereum, you’re wasting your time. Even if the coin is listed, the order book is empty. You won’t find buyers. You won’t find sellers. And you definitely won’t get a fair price.
Who Even Uses This?
The only people who might consider BTCsquare are those who prioritize absolute anonymity above all else. No ID. No tracking. No paper trail. But even then, there are better options. LocalBitcoins, Bisq, and HodlHodl have been around longer, have real user bases, and at least offer some level of trade reliability.
BTCsquare doesn’t offer anything those platforms don’t-and it offers far less. No community. No updates. No development. No future.
Why Experts Ignore It
Look at any "Best Crypto Exchanges 2026" list. Coinbase. Kraken. Binance. KuCoin. Bybit. You’ll find them all. BTCsquare? Not there. Not even in the "niche" or "privacy" section. Why? Because it doesn’t meet basic standards.
Cryptowisser warned back in 2019 that BTCsquare might shut down soon. Five years later? Still here. But not because it’s thriving. Because no one bothered to take it down. It’s not a business. It’s a zombie.
The Bottom Line
BTCsquare isn’t a crypto exchange you should use. It’s a warning sign.
It has:
- No measurable trading volume
- No mobile app
- No customer support
- No user reviews
- No transparency
- No future
If you’re thinking of depositing even $100 here, don’t. You’re not getting a deal-you’re gambling. And the odds? You’ll lose your money.
There are dozens of reliable, regulated exchanges with low fees, strong security, and real liquidity. Use one of those. Don’t risk your funds on a platform that doesn’t even register on the radar.
Is BTCsquare a scam?
BTCsquare isn’t technically a scam-it doesn’t steal funds outright. But it’s a high-risk, low-reward platform with no liquidity, no support, and no future. If you deposit funds, you’re essentially giving them to a platform that might vanish tomorrow. That’s not investing. That’s gambling.
Can I withdraw my crypto from BTCsquare?
Technically, yes-you can initiate a withdrawal. But if there’s no one buying or selling on the platform, your withdrawal might get stuck. The exchange doesn’t guarantee timely processing, and there’s zero public record of withdrawal times or success rates. If you need to move funds quickly, this is the last place you should go.
Does BTCsquare have a mobile app?
No. BTCsquare is a web-only platform. There is no iOS or Android app. That means you can’t monitor prices, set alerts, or trade on the go. In 2026, that’s a major red flag. Even the smallest exchanges have apps. BTCsquare doesn’t even try.
How many cryptocurrencies does BTCsquare support?
Unknown. CoinMarketCap states "no data is available." There’s no official list on their website. Based on trading volume and historical data, it’s likely under 10 coins, and most of them don’t have active markets. Don’t assume any coin you want is available-or that it will trade at all.
Is PLURA token worth holding to reduce fees?
No. Even if PLURA reduces fees (which isn’t confirmed), the exchange has so little trading activity that fee savings are meaningless. You can’t save money on fees if you can’t complete a single trade. PLURA has no utility outside BTCsquare-and BTCsquare has no future.
Why is BTCsquare still online if it’s so inactive?
It’s likely still online because it costs almost nothing to maintain a basic website. The operators aren’t trying to grow-it’s a low-effort, low-cost operation. They may be collecting small deposits from unaware users, or simply keeping the site up as a placeholder. There’s no evidence of development, marketing, or improvement since 2020.
Should I use BTCsquare for privacy-focused trading?
No. If you need privacy, use platforms built for it-like Bisq or LocalBitcoins. They have active users, real trade volumes, and community trust. BTCsquare offers anonymity, but nothing else. You’ll sacrifice security, liquidity, and reliability for zero benefit.
If you’re serious about crypto trading, stick to platforms with volume, support, and transparency. BTCsquare doesn’t belong in that conversation.