Daybit Exchange Review - Fees, Features, and Safety in 2025

• By JayKay Sun
• 17 Aug, 2025
• 14 Comments

When you type “Daybit Exchange review” into Google, the results are a maze of scattered data and a possible mix‑up with a similarly named review site. The reality is that Daybit Exchange is an obscure platform that barely shows up on major market trackers, charges higher fees than the industry average, and only accepts Korean Won (KRW) for fiat deposits. If you’re weighing whether to open an account, you’ll want to know exactly what you’re getting - from fees to safety to the overall user experience.

Quick Take

• Daybit Exchange is listed as an “Untracked Listing” on CoinMarketCap, meaning volume and reserve data aren’t publicly available.
• Trading fees sit around 0.20%-0.25%, noticeably above the 0.10% benchmark for most 2025 exchanges.
• Only KRW fiat deposits are supported; no credit‑card or other fiat options.
• Feature set is limited to basic spot trading - no futures, staking, or copy‑trading.
• Community feedback and expert analysis are practically nonexistent.

What We Know About Daybit Exchange

Public information on Daybit is thin. CoinMarketCap classifies it as an Untracked Listing, which means the platform does not share its order‑book data with aggregators. There are no listed trading pairs on the major tracking sites, suggesting either extremely low activity or a deliberate decision not to expose data.

Cryptowisser, a niche crypto‑service reviewer, notes that the exchange’s fee structure is “a bit on the high end” compared with an emerging industry norm of 0.10%. Fee details are vague, but user reports indicate a taker fee of roughly 0.20% and a maker fee of 0.15% - still higher than the 0.08% you’d see on Binance or the 0.03% on Bybit.

The platform only accepts KRW for deposits. No credit‑card, PayPal, or other fiat gateways are listed, limiting the audience to Korean residents or users who can access Korean bank transfers. This fiat restriction is a major hurdle for international retail traders who typically rely on quick card purchases.

Feature Gap Compared to Leading Exchanges

By 2025, the top exchanges have expanded far beyond basic spot trading. They offer futures, options, staking, NFTs, and robust educational tools. Daybit’s offering stops at a handful of spot pairs, with no advanced products on the roadmap. Below is a side‑by‑side snapshot of the most relevant attributes.

Safety, Regulation, and Transparency

One of the biggest red flags for any exchange is how transparent it is about reserves and compliance. Daybit does not publish a proof‑of‑reserves audit, nor does it appear on any regulatory whitelist in South Korea or elsewhere. In contrast, platforms like UpBit (ranked 4th most trusted by Forbes Adviser) provide regular security audits and have clear KYC/AML policies.

Without a publicly available audit, users cannot confirm that the balances shown on the platform match actual on‑chain holdings. The lack of expert commentary - there are no analyses from Coin Bureau, CryptoAdventure, or major research outlets - adds to the uncertainty. If you value knowing that your assets are held securely, the absence of any third‑party verification is a serious drawback.

User Experience: What Real Traders Are Saying

Even the most basic user‑generated feedback is scarce. A quick search across Reddit, Trustpilot, and the Korean crypto forums turns up a handful of comments, most of which simply note “hard to fund” or “no mobile app.” There is no documented customer‑service response time, no tutorial library, and no community channels where newcomers can ask questions. By comparison, KuCoin offers a comprehensive Academy and a bustling Reddit community, while Bitpanda provides step‑by‑step guides for fiat on‑ramps.

If you’re a first‑time crypto buyer, the lack of educational material on Daybit means you’ll need to rely on external sources for everything from wallet setup to security best practices. That extra effort can be a deal‑breaker for many new investors.

Potential Confusion with DayBit.com

Another source of uncertainty is the similarly named DayBit.com. That site is not an exchange at all; it operates as a review and recommendation portal for crypto platforms, with a focus on gambling‑related services. The near‑identical branding leads users to the wrong destination when they search for “Daybit Exchange.” Make sure you’re on the actual trading platform - usually a sub‑domain with a URL ending in “daybitexchange.com” - before entering any credentials or funds.

Should You Consider Daybit Exchange?

Bottom line: unless you have a very specific reason to use a KRW‑only platform and you’re comfortable with limited transparency, Daybit Exchange falls short on almost every metric that matters in 2025. Here’s a quick decision guide:

1. Are you based in South Korea and need a KRW‑only spot market? If yes, Daybit might be a niche option, but weigh the higher fees and lack of support against domestic alternatives like Bithumb or UpBit.
2. Do you prioritize low fees and deep liquidity? No - other exchanges beat Daybit by a wide margin.
3. Is regulatory compliance a must‑have for you? No - Daybit provides no public compliance documentation.
4. Do you need advanced trading tools (futures, staking, copy‑trading)? No - Daybit offers only basic spot trading.

If you answered “yes” to any of the above, look for a better‑known platform. If you’re purely curious about Daybit’s existence, treat it as a case study of how a crypto exchange can slip under the radar when it lacks the hallmarks of a trustworthy service.

How to Stay Safe When Exploring Low‑Profile Exchanges

• Start with a small amount - never deposit more than you’re willing to lose.
• Verify the URL and SSL certificate to avoid phishing copies.
• Check for a proof‑of‑reserves audit; if none exists, consider the risk high.
• Use a hardware wallet for long‑term storage instead of keeping assets on the exchange.
• Keep an eye on community forums for any emerging complaints or security alerts.