EarnBit Crypto Exchange Review: Is the Live Streaming Crypto Platform Worth It?

Most crypto exchanges are built for one thing: buying, selling, and trading digital assets. But EarnBit tries to do something different. It’s not just a place to trade Bitcoin or Ethereum - it’s a live streaming platform where traders broadcast their moves in real time, and viewers learn as they watch. If you’ve ever wondered what it’s like to trade alongside someone else, or if you want to turn your trading strategy into a video show, EarnBit might be worth a look. But is it actually useful, or just a flashy experiment?

What Makes EarnBit Different?

EarnBit launched in 2022 and positions itself as the first crypto exchange with built-in live streaming. That’s not a small claim. While platforms like Twitch and YouTube let you stream your trading screen, you have to juggle multiple apps - open your exchange, open your stream, switch back and forth. EarnBit combines both into one interface. You can place an order, and your audience sees it happen live. You can explain why you’re buying Solana, and viewers can react in real time. It turns trading into a shared experience.

The platform supports 31 cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and Tether. There are over 150 trading pairs available, which is fine for casual traders but far behind giants like Binance or Coinbase, which offer 1,000+ pairs. If you’re into obscure altcoins, you’ll likely hit dead ends here. But if you’re focused on the big names and stablecoins, you’ll be covered.

Trading Fees and Performance

EarnBit charges up to 0.15% for both makers and takers. That’s competitive. Binance charges 0.1%, and Coinbase charges up to 0.6% for basic trades. So EarnBit is cheaper than many retail-focused exchanges. But fees aren’t the whole story.

Trading volume on EarnBit hovers around $16 million per day, according to third-party trackers. That’s tiny compared to Binance’s $50+ billion or even Coinbase’s $1.3 billion. Low volume means wider spreads and more slippage. If you’re trying to move $10,000 worth of XRP, you might not get filled at the price you want. For small trades under $500, it’s fine. For anything bigger, you’ll feel the lack of liquidity.

The Streaming Feature - How It Actually Works

This is where EarnBit either shines or stumbles. The streaming tool lets you go live with your trading window. You can toggle your camera, add text overlays, and even set up a leaderboard showing top streamers based on viewer engagement. The idea is simple: if you’re good at trading, you can earn by teaching.

There’s a token behind it called EBT. You can earn EBT by streaming, getting views, or attracting followers. Viewers can tip streamers in EBT. It’s a creator economy model, copied from Twitch but applied to crypto trading. In theory, this could build a community of skilled traders sharing tactics. In practice, the ecosystem is still small. There aren’t enough active streamers to make it feel vibrant. You won’t find a steady stream of experts breaking down market moves like you would on YouTube.

Users report occasional bugs. During high volatility - say, when Bitcoin drops 5% in 10 minutes - the stream can lag behind actual trades. Your audience sees you buying at $60,000, but your order executed at $59,800. That kind of delay breaks trust. It’s not a dealbreaker for casual users, but it’s a red flag if you’re serious about building a following.

Security and Regulation

EarnBit says it uses cold storage, multi-layer security, and continuous monitoring. That’s standard language - every exchange says that. But they don’t publish details about their audits, insurance, or penetration testing. That’s a problem. If you’re depositing funds, you want to know more than buzzwords.

The company is registered in Lithuania, but its legal entity is listed as being based in St. Vincent and the Grenadines - a jurisdiction known for light regulation. They don’t hold licenses from major financial authorities like the SEC, FCA, or MiCA (though they claim compliance with MiCA for stablecoins). That means if something goes wrong - a hack, a freeze, a scam - you have little legal recourse. No deposit insurance. No government oversight. You’re trusting a startup with your crypto.

Mobile App and User Experience

The Android app is available on Google Play with around 500 downloads as of late 2023. It’s functional. You can buy, sell, and stream from your phone. The interface is clean, but not polished. Buttons are a little cramped. The streaming toggle is buried in the menu - not obvious for first-time users. The app requires Android 8.0 or higher, so older devices are out.

There’s no iOS app. That’s a big miss. iOS users make up a large portion of crypto traders. If you’re on iPhone, you’re stuck using the web version, which is slower and less reliable than a native app.

Who Is EarnBit For?

EarnBit isn’t for everyone. If you’re looking for deep liquidity, advanced orders, futures trading, or institutional-grade security - look elsewhere. Binance, Kraken, or Coinbase are better choices.

EarnBit is for two types of people:

1. Traders who want to teach. If you’ve got a YouTube channel or TikTok account about crypto, and you want to stream your real trades while explaining your logic, EarnBit removes the friction. No more screen sharing, no more switching tabs.
2. Beginners who learn by watching. If you’re new to crypto and want to see how someone else makes decisions in real time - not just read a blog or watch a pre-recorded video - EarnBit gives you live insight. You can ask questions in chat while the trade is happening.

It’s not a replacement for a full-service exchange. It’s a supplement - a learning tool wrapped in a trading platform.

What’s Missing?

EarnBit has no futures, no options, no margin trading. No API for bots. No staking rewards beyond a basic pool. No fiat on-ramps like credit cards or bank transfers. You can only deposit crypto. That’s fine if you’re already holding assets, but if you’re coming from cash, you’ll need to buy Bitcoin elsewhere first.

Customer support is available 24/7 via email and phone, but there’s no live chat. Response times vary. Reddit and Trustpilot have almost no reviews. That’s not a good sign. When users don’t talk about you publicly, it’s either because they’re happy (unlikely) or because they don’t care (more likely).

The Bottom Line

EarnBit is an interesting experiment, not a revolution. It’s the kind of platform that could grow if it finds its niche - and only if it fixes its biggest flaws: low liquidity, no iOS app, and unproven security. Right now, it’s a small, early-stage project with a cool idea.

If you’re a trader who wants to build a personal brand around your strategy, EarnBit gives you a unique tool. If you’re a beginner who learns better by watching than reading, it’s worth trying for free. But don’t deposit more than you’re willing to lose. This isn’t a bank. It’s a startup with a streaming camera.

For most people, stick with established exchanges. For the rest - the educators, the streamers, the curious - EarnBit might just be the first place where trading becomes a show.