BiONE Crypto Exchange Review: Why This Platform Is Dead and What to Use Instead

Jamie Gillette
28 November 2025

BiONE was once listed as a cryptocurrency exchange with over 300 coins, a clean interface, and claims of U.S. regulatory compliance. But today, BiONE doesn’t exist. Not as a website. Not as a customer service line. Not even as a ghost in the blockchain. If you’re reading this because you’re wondering whether to deposit funds there, stop. Don’t even click the old URL. It’s gone. And if you held crypto on BiONE in 2024 or earlier, you likely lost it.

What Was BiONE Supposed to Be?

BiONE launched in May 2018 out of Singapore, pitching itself as a global exchange for traders who wanted access to obscure altcoins. Unlike bigger names like Binance or Coinbase, BiONE didn’t focus on Bitcoin or Ethereum alone. It pushed 300+ cryptocurrencies - including tokens you’ve never heard of and probably never will again. For a while, that sounded appealing. If you were hunting for the next big meme coin or a niche DeFi token, BiONE looked like a treasure chest.

They claimed to follow ISO 27001 security standards, used cold storage for most assets, and said they were registered with FinCEN as a Money Services Business (MSB). That last part was their biggest selling point. In crypto, regulatory paperwork is often a joke. But BiONE said they had the real deal. They even had a website that looked professional - clean design, mobile app, support chat. It felt legit.

The Red Flags Started Showing Up

By late 2022, things began to unravel. Users on Reddit and crypto forums started reporting that withdrawals were taking weeks - if they worked at all. Customer support replies became slower, then stopped. The exchange never posted official updates. No emails. No social media posts. No blog updates. Just silence.

Then came the website crashes. By early 2023, bione.me would load slowly, then show a blank page or a 404 error. Some users reported being redirected to sketchy domains with pop-ups. Others found their login credentials no longer worked. No one could reach support. No one could recover funds.

By 2025, three major crypto data platforms confirmed BiONE was dead:

Cryptowisser labeled it “dead” and added it to their Exchange Graveyard - a list of exchanges that vanished without warning.
Fxmerge gave it a 1.8/5 rating based on 8 user votes, calling it “a cryptocurrency scam based in Singapore.”
CoinMarketCap listed BiONE as “Untracked,” meaning it no longer met their minimum transparency standards for volume, liquidity, or operational integrity.

Was BiONE a Scam?

This is where it gets messy. Some sources treat BiONE like a failed business - maybe it ran out of money, maybe the team disappeared. Others say it was designed to steal from the start.

Here’s what we know for sure:

They claimed FinCEN MSB registration. But FinCEN’s public database doesn’t list BiONE as an active MSB. That’s a red flag. MSB registration isn’t hard to get - you fill out a form. But if you’re using it to trick users into thinking you’re regulated, that’s fraud.
They said they stored 95% of funds in cold storage. But if you can’t withdraw your coins, it doesn’t matter how secure their wallets are. Your money is locked.
No audit reports. No proof of reserves. No transparency. That’s not just poor practice - it’s standard behavior for exit scams.

There’s no evidence BiONE ever had real, licensed operations. No employee directories. No office addresses. No legal filings in Singapore beyond basic corporate registration. The team names on their website? Unverifiable. LinkedIn profiles? Deleted. The whole thing smelled like a shell company built to attract deposits, then vanish.

Three safe exchanges shining brightly as BiONE fades into smoke

Who Got Hurt?

The people who lost money on BiONE weren’t just speculators. Some were beginners who trusted the clean interface and the “regulated” badge. Others were traders who held altcoins they couldn’t find anywhere else. When the site went dark, they lost access to everything.

There’s no recovery process. No legal team. No insurance fund. No class-action lawsuit. No one is taking responsibility. BiONE didn’t go bankrupt - it disappeared. And in crypto, that’s the worst-case scenario.

Why Did BiONE Fail When Others Survived?

The crypto exchange market in 2025 is brutal. Only the strongest survive. Platforms like Crypto.com, Kraken, and Binance won because they focused on three things:

Transparency - they publish proof of reserves, third-party audits, and real-time liquidity data.
Regulatory compliance - they operate under real licenses in multiple jurisdictions, not just a single MSB claim.
Customer trust - they respond to users, update their platforms, and fix issues publicly.

BiONE did none of that. They promised more coins than anyone else, but offered zero accountability. They looked like a real exchange. But real exchanges don’t vanish. They don’t ignore users. They don’t disappear without a word.

What Should You Use Instead?

If you’re looking for a safe, reliable exchange in 2025, here are three solid options:

Crypto.com - Best overall for beginners and pros. Low fees, 180+ coins, cold storage, and real regulatory licenses in the U.S., EU, and Asia.
Kraken - Trusted by institutional traders. Strong security, transparent reserves, and one of the longest track records in crypto.
Binance - Largest volume, 500+ coins, and deep liquidity. Watch out for regulatory changes in your country, but it’s still the most active exchange globally.

All three have public audit reports, 24/7 support, and clear withdrawal policies. None of them disappeared overnight.

A glowing safety checklist with BiONE buried under a tombstone

How to Avoid BiONE-Style Scams in the Future

Never trust an exchange just because it looks nice. Here’s your quick checklist before depositing any crypto:

Check if it’s listed on CoinMarketCap or CoinGecko as a tracked exchange - not “untracked” or “inactive.”
Search for “[exchange name] + scam” on Reddit and Twitter. Look for user reports from the last 12 months.
Verify regulatory claims. If they say they’re licensed in the U.S., go to FinCEN’s website and search for their name. If they say they’re registered in Singapore, check MAS’s official list.
Look for proof of reserves. If they don’t publish it, walk away.
Test withdrawals. Deposit $10, withdraw it. See how long it takes. If it’s over 24 hours, that’s a warning sign.

Final Verdict

BiONE isn’t a failed exchange. It’s a cautionary tale. It promised everything - security, support, regulation, altcoins - and delivered nothing. No one knows if the team fled with the money, got shut down by regulators, or simply got lazy. But it doesn’t matter. What matters is that your crypto is gone if you used it.

If you’re still holding any coins on BiONE, you’re out of luck. There’s no recovery. No help. No hope. The only thing left is to learn from it.

Frequently Asked Questions

Is BiONE crypto exchange still operating?

No. BiONE ceased operations in 2023 and became completely inaccessible by 2025. Its website (bione.me) no longer loads, and all customer support channels have been shut down. Multiple crypto data platforms, including Cryptowisser and Fxmerge, classify it as dead or a scam.

Was BiONE regulated and safe to use?

BiONE claimed to be registered with FinCEN as a Money Services Business (MSB), but this claim is unverified. FinCEN’s public database does not list BiONE as an active MSB. Even if they had the paperwork, their failure to provide proof of reserves, respond to users, or maintain website access shows they didn’t follow basic safety practices. No regulated exchange vanishes without warning.

Can I recover my funds from BiONE?

No. There is no known recovery process, legal team, or compensation program for BiONE users. The exchange disappeared without notice, and no official communication has been issued since 2023. If you held assets on BiONE, they are likely lost permanently.

Why did BiONE shut down?

The exact reason is unknown. But the pattern matches known exit scams: attract users with a wide coin selection and fake regulatory claims, collect deposits, then vanish. BiONE showed no signs of financial transparency, customer support, or operational updates before shutting down - all signs of a planned collapse, not a business failure.

What are the best alternatives to BiONE in 2025?

For safety and reliability, use Crypto.com, Kraken, or Binance. All three are listed on major data platforms, publish proof of reserves, have real regulatory licenses, and offer 24/7 customer support. They may not have 300+ obscure altcoins, but they won’t disappear with your money.

16 Comments

Christina Oneviane
November 29, 2025 AT 13:32

So BiONE just ghosted everyone like a bad Tinder date? 😂 I deposited $500 in some obscure token called 'PineappleCoin' and now I'm just waiting for the ghost to text me back. Spoiler: it won't. I'm still mad I spent two hours learning how to use their 'intuitive' interface. All I got was a 404 and existential dread.

Also, why does every crypto scam have a 'clean interface'? Like, if it looks too good to be true, it's probably a phishing site designed by a UX designer on ketamine.

RIP my portfolio. I'll be crying into my oat milk latte now.
fanny adam
November 29, 2025 AT 16:10

The systemic failure of BiONE represents a profound breach of fiduciary trust in decentralized financial ecosystems. The purported FinCEN MSB registration, when cross-referenced against the official federal registry, reveals a deliberate misrepresentation of regulatory compliance. This is not merely negligence-it constitutes a premeditated act of financial deception under 18 U.S.C. § 1343 (wire fraud).

Furthermore, the absence of proof-of-reserves, combined with the abrupt cessation of digital infrastructure, aligns with the behavioral signature of exit scams documented in the 2022 Chainalysis report on centralized exchange collapses. The lack of legal recourse for victims underscores the regulatory vacuum in cross-border crypto operations. This is not a business failure. It is a criminal enterprise masquerading as a financial institution.
Tom MacDermott
November 30, 2025 AT 01:59

Oh please. BiONE? That was never even a real exchange. It was a TikTok ad with a blockchain logo slapped on it. You think the 'team' had offices? Nah. One guy in a basement in Minsk with a fake LinkedIn profile and a Canva template for their 'whitepaper.'

And now you're telling me Crypto.com and Kraken are 'safe'? Please. They’re just bigger, with lawyers who know how to spell 'compliance.' The only difference is they don’t vanish-they just quietly siphon your ETH into their Binance wallet and call it 'liquidity optimization.'

Real talk? None of them are trustworthy. You’re just gambling with a different deck.

Also, why do people still use exchanges? Just HODL in your cold wallet and stop giving your keys to strangers. I’ve been doing it since 2017. Still have everything. Still alive. Still not trusting anyone.
Martin Doyle
December 1, 2025 AT 07:03

Wow, you actually think BiONE was the only one? Wake up. Over 70% of exchanges that launched between 2019–2022 are now ghosts. The entire industry is a Ponzi theater. The only reason bigger exchanges survive is because they have VC money and PR teams. They don’t care about you-they care about their Series C.

I’ve lost three accounts to scams. I don’t even check my portfolio anymore. I just dump into Bitcoin, lock it in a Ledger, and forget it exists. If you’re still trading altcoins on platforms you found on Reddit, you’re not investing-you’re donating to someone’s yacht fund.

And yes, I’ve used Kraken and Crypto.com. They’re better, sure. But they still freeze withdrawals during market dips. So don’t act like they’re saints. Just be smarter. Less trust. More self-custody.
Susan Dugan
December 1, 2025 AT 12:46

Okay, I’ve been in crypto since 2016 and I’ve seen a LOT of exchanges come and go. BiONE was a dumpster fire, but honestly? I’m glad someone wrote this. I’ve had so many friends get burned by shiny new platforms promising 'the next big thing.'

Here’s my rule: if an exchange has more coins than I have brain cells, I run. Also, if they don’t have a clear, public audit from a reputable firm? No thanks.

And yes-Crypto.com, Kraken, Binance? They’re not perfect, but they have real teams, real support, and real accountability. I’ve withdrawn from Kraken at 3 AM on a Sunday. It worked. That’s worth more than 300 altcoins.

If you’re new to this, start small. Test withdrawals. Read the fine print. And for the love of Satoshi, don’t put your life savings into something that looks like it was designed by a 14-year-old with Canva.

You got this. Stay safe, stay skeptical, but don’t give up. There’s still good stuff out there.
Grace Zelda
December 2, 2025 AT 20:03

What’s wild is how BiONE made people feel safe because it looked nice. Like, we’ve been trained to equate aesthetics with legitimacy. That’s not crypto-that’s consumerism with a blockchain sticker on it.

I remember when I first saw their site. I thought, 'Wow, this is professional.' Then I checked their domain registration. Registered under a privacy service in the Caymans. The same company that registered 12 other 'exchanges' that vanished last year.

It’s not about the coins. It’s about the story. BiONE sold a fairy tale: 'You can get rich without being a genius.' And we all wanted to believe it. We still do.

But here’s the truth: the only thing that’s truly decentralized is your responsibility. No one’s coming to save your coins. Not the government. Not the community. Not even the guy who made the YouTube video saying 'this is legit.'

So don’t just avoid BiONE. Avoid the urge to trust anything that promises ease.

Trust yourself. Not the interface.
Sam Daily
December 3, 2025 AT 15:15

Bro, I lost $800 on BiONE too 😭

But here’s the thing-I learned. Now I only use exchanges that have been around longer than my last relationship. And I always test with $5 first. If it takes more than 10 mins? Red flag.

Also, if their website looks like it was made in 2018? I’m out. I don’t care if they have 500 coins. If the UI makes me feel like I’m using a Nokia 3310, I’m not depositing.

Big shoutout to Kraken. I sent $20 there last week. Withdrawn in 8 mins. No drama. No silence. Just… work.

Stay safe out there, fam. And maybe stop chasing memes. The real crypto is the one you hold yourself. 💪🪙
Kristi Malicsi
December 5, 2025 AT 08:35

BiONE was dead before it even launched

no one checks the domain registration

no one reads the terms

everyone just wants to get rich quick

we are the problem

they didn't trick us

we handed them the keys

and then cried when they drove off
Mark Adelmann
December 6, 2025 AT 09:41

Hey, I’ve been there. I used BiONE back in 2021. Thought it was cool. Had a few altcoins I couldn’t find anywhere else. Then one day-poof.

But here’s what I did after: I started joining crypto Discord servers and asking questions. Not the 'what’s the next 100x' ones. The 'how do I verify this exchange?' ones.

Turns out, there’s a whole community of people who dig into this stuff. Found a guy who reverse-engineered the domain WHOIS data and found BiONE’s owners used the same email as 12 other dead exchanges.

So yeah, I lost money. But now I’m the guy who checks FinCEN, looks at GitHub commits, and asks for audit links before I deposit. I’ve helped 5 friends avoid scams since then.

It’s not about being rich. It’s about not being stupid. And honestly? That’s the real win.
ola frank
December 6, 2025 AT 15:14

BiONE’s collapse exemplifies the epistemological failure of trust-based verification in decentralized finance. The platform leveraged semiotic cues-professional UI, regulatory nomenclature, and pseudo-transparency-to induce cognitive heuristics of legitimacy, thereby exploiting the Dunning-Kruger effect prevalent among retail participants.

Further, the absence of on-chain proof-of-reserves constitutes a violation of the fundamental axioms of non-custodial finance: sovereignty over assets must be verifiable, not asserted. The reliance on third-party aggregators like CoinMarketCap as arbiters of legitimacy is itself a structural flaw, as these platforms prioritize liquidity metrics over operational integrity.

The regulatory claims, even if technically unverifiable, were materially misleading under the SEC’s Howey Test framework, suggesting an investment contract predicated on the efforts of a third party-namely, the BiONE team-which, upon dissolution, rendered the contract void ab initio.

Thus, the appropriate legal remedy is not merely consumer education, but the establishment of a global, blockchain-anchored registry of exchange attestations, audited via zero-knowledge proofs. Until then, the market remains a Hobbesian state of nature.
Angel RYAN
December 6, 2025 AT 23:17

Been there. Lost money. Learned. Moved on.

Everyone’s mad at BiONE, but let’s be real-we all wanted to believe. We saw the clean design, the big coin list, and thought, 'This is it.' We didn’t ask the hard questions because we were excited.

Now I just ask: Do they have a public audit? Can I withdraw $10 in under 24 hours? Is their support team responsive? If the answer’s no to any of those, I walk away.

And yeah, the big exchanges aren’t perfect. But they’ve got skin in the game. They’ve got teams. They’ve got reputations to protect.

Let’s not forget: the goal isn’t to find the next miracle coin. It’s to keep your money safe so you can keep playing.

Be kind to your future self. Do the homework. You’ll thank yourself later.
stephen bullard
December 8, 2025 AT 22:24

It’s weird how we all feel so betrayed by BiONE. Like they broke a promise. But crypto never promised safety. We just wanted it to.

I used to think if it looked legit, it was legit. Now I know: the more polished the website, the bigger the trap.

But here’s the good part-this is how we learn. I lost money, sure. But now I check every exchange like a detective. I look at the team, the history, the withdrawals. I don’t care how many coins they have.

And I’m not mad anymore. I’m just… wiser.

If you’re reading this and you’re scared to try crypto again? Don’t be. Just be careful. Start small. Trust your gut. And remember-you’re not alone. We’ve all been burned. But we’re still here. Still learning. Still trading.

That’s the real win.
SHASHI SHEKHAR
December 9, 2025 AT 16:15

Bro I used BiONE in 2022 😭 I had 0.5 BTC and 10k of some token called 'BONE' that I thought was going to moon 🚀

Then one day the site went down and I was like 'maybe server issue?'

Then I checked Reddit and saw 500+ people saying the same thing 😭

Now I only use Binance and Kraken and I test withdrawals with $10 first 😎

Also I learned to check if the exchange is on CoinGecko as 'tracked' not 'untracked' 🤓

And if they have no Twitter or Telegram? RUN 🏃‍♂️

Also I made a spreadsheet now to track all exchanges I use with dates, coins, and withdrawal times 📊

Life is better now. I sleep better. My wife says I’m less anxious. And I haven’t lost a cent since 😊

Stay safe fam. Crypto is wild but we can survive it 💪🪙
Janice Jose
December 9, 2025 AT 18:59

I just want to say thank you for writing this. I was about to deposit into BiONE last month. I saw the interface and thought 'wow, this feels legit.' Then I saw your post and checked FinCEN. Nothing.

I didn’t lose money, but I almost did.

People need to know this stuff. Not just the big names. The little ones too. The ones that look nice. The ones that promise everything.

Thank you for saving me from myself.
Vijay Kumar
December 10, 2025 AT 04:49

You think BiONE was bad? Try using a crypto exchange that doesn't even have a .com domain. I used one called 'cryptoswap.io'-no one even knew it existed. No reviews. No history. Just a Discord server with 3 admins and 200 bots.

BiONE had a website. That's more than most.

You're not a victim. You're a participant. You chose to trust a nameless team with your money. That's not a scam. That's just bad judgment.

Grow up.
Vance Ashby
December 11, 2025 AT 11:49

BiONE? Pfft. I knew it was fake the second I saw their '24/7 support' chatbot reply with 'Thank you for contacting BiONE! Your issue has been logged!'

Then I checked their domain registration-registered 2 days before launch. Classic.

Also, their 'cold storage' was just a paper wallet with a QR code on their blog. I screenshot it. Still there. Empty.

And yeah, I'm the guy who told 3 friends not to use it. They didn't listen. Now they're crying on Reddit.

Lesson: if you're not the one holding the keys, you don't own the coins.

Also, Binance is the only one you need. Everything else is noise. 🤷‍♂️