BQT Crypto Exchange Review: Why This Platform Disappeared Without a Trace

When you hear the name BQT, you might think it’s another up-and-coming crypto exchange promising high returns and cutting-edge tech. But here’s the truth: BQT isn’t just inactive-it’s dead. And if you’re still searching for it online, you’re walking into a ghost site.

What Was BQT Supposed to Be?

BQT Technologies, LTD launched in 2022 with a bold claim: it was the first decentralized peer-to-peer (P2P) platform built for crypto hedge trading. No fiat. No order books. Just traders swapping one cryptocurrency for another using an escrow system. The idea was simple-use your existing crypto as collateral to borrow other assets temporarily, then pay them back later. It sounded like a smart workaround for people tired of relying on traditional exchanges that force you to convert crypto to USD or EUR just to trade.

Unlike Binance or Kraken, BQT didn’t connect crypto to banks. It didn’t offer leverage, charts, or limit orders. Instead, it wanted you to negotiate directly with other users. One trader might offer 0.5 BTC in exchange for 15 ETH, with funds held in escrow until both sides fulfilled their side of the deal. The pitch? Lower counterparty risk. No middleman. Pure crypto-to-crypto trading.

But here’s the problem: the idea never worked in practice.

Why BQT Failed Before It Even Started

The biggest red flag? No fiat on-ramps. You couldn’t buy BQT with a credit card. You couldn’t deposit dollars. You couldn’t even use PayPal. To join, you had to already own crypto-and not just a little. You needed enough to trade, and enough to find someone willing to trade with you.

That’s a massive barrier. Most new users don’t start with Bitcoin or Ethereum. They start with $50 on Coinbase. BQT didn’t care about them. It only wanted crypto insiders who already had wallets filled and knew how to move assets between platforms. That’s a tiny slice of the market.

Then there was liquidity-or the lack of it. On Binance, you can swap BTC for DOGE in seconds. On BQT? You had to find someone who wanted exactly what you had and had exactly what you wanted. No matching engine. No automated pricing. Just cold, manual negotiation. If you wanted to trade XRP for ADA, you were out of luck unless you got lucky.

And no one was trading.

No Users. No Activity. No Future.

By late 2022, the platform was already crumbling. Cryptowisser checked the site in December 2022 and found it online-but the exchange itself was completely inaccessible. No login. No trading. No deposits. Just a static webpage stuck in time, like a digital tombstone.

The company’s Twitter account went silent after a single post in 2022. No updates. No announcements. No replies to questions. No GitHub commits. No community Discord. No Reddit threads. No Trustpilot reviews-not even complaints. That’s not silence. That’s abandonment.

Major crypto sites didn’t even bother reviewing it. CoinGecko, CoinDesk, Forbes, Finder-they all skipped BQT entirely. When you’re not listed in the top 100 exchanges of 2025, you’re not an exchange. You’re a footnote.

Compare that to Bisq, LocalBitcoins, or HodlHodl-real P2P platforms that survived because they built trust. They had reputation systems. Dispute resolution. Active user bases. BQT had none of that. Just a whitepaper and a website.

How BQT Compared to Real Crypto Exchanges

Comparison: BQT vs Leading Crypto Exchanges in 2025

Feature	BQT	Binance	Bybit	Kraken
Fiat On-Ramp	No	Yes	Yes	Yes
Trading Pairs	Unknown, likely under 20	Over 1,000	Over 400	466+
Leverage	None	Up to 125x	Up to 200x	Up to 5x
P2P Trading	Core model	Yes (optional)	No	No
Security	Basic escrow only	Cold storage, Proof of Reserve	Triple Layer Asset Protection	ISO 27001 certified
User Base	Effectively zero	Over 100 million	Over 20 million	Over 10 million
Status (2025)	Defunct	Active	Active	Active

BQT didn’t just lose to these platforms. It didn’t even enter the race. It was a prototype that never got tested. No one used it. No one trusted it. No one even tried to fix it.

Why the Crypto World Didn’t Need BQT

The crypto market in 2022 was already brutal. The “crypto winter” wiped out 75% of market value. Celsius, Voyager, and FTX collapsed. Investors fled. Regulators cracked down. Startups with no funding, no users, and no compliance didn’t survive-they vanished.

BQT had none of the essentials:

• No regulatory licenses
• No KYC or AML procedures
• No audit trails
• No institutional backing
• No liquidity pools

It was trying to build a decentralized hedge fund on top of a P2P network-with no way to scale. Even if the idea sounded smart on paper, real trading needs volume. And volume needs trust. And trust needs infrastructure.

BQT had none of that.

What You Should Do Instead

If you’re looking for a P2P crypto exchange that actually works today, here are your real options:

• Bisq - Open-source, non-custodial, runs on Bitcoin and major altcoins. No sign-up. No KYC. Fully decentralized.
• LocalBitcoins - Still going strong. Buy and sell BTC with cash, bank transfer, or gift cards. Strong reputation system.
• HodlHodl - Non-custodial P2P with multi-signature escrow. No KYC. Over 100,000 trades completed.
• Peach Bitcoin - Simple, fast, and focused on North American users. Good for beginners.

These platforms have users. They have support. They have history. They’ve survived crashes, regulatory threats, and market swings.

BQT? It didn’t even survive its launch year.

Final Verdict: A Cautionary Tale

BQT wasn’t a scam. It was a dream that never woke up. It had a clever idea-but no execution, no users, no funding, and no future. It’s a reminder that in crypto, good ideas aren’t enough. You need traction. You need trust. You need to solve real problems for real people.

If you’re thinking of trying a new exchange, ask yourself: Are people actually using this? Is there a community? Can I find reviews from real users-not just a press release from 2022?

If the answer is no, walk away. Don’t waste your time on a ghost site.

The crypto market moves fast. Platforms rise and fall every day. But only the ones that serve real needs survive. BQT didn’t. And you shouldn’t either.