Bit.com Begins Phased Shutdown: March 2026 Deadline Looms for Withdrawals

Another crypto platform bites the dust—Bit.com initiates its phased shutdown, giving users until March 2026 to pull their funds.

The Countdown Clock Starts Now

Users face a ticking clock. The platform's phased closure means services wind down step-by-step, but the final withdrawal deadline is locked in: March 2026. That's the hard stop—miss it, and your assets could be stuck in limbo.

What's Behind the Shutdown?

While the official reasons aren't spelled out, the move fits a familiar pattern in crypto's volatile landscape. Regulatory pressure, shifting market dynamics, or simply the brutal economics of running an exchange—sometimes the numbers just don't add up. It's a stark reminder that in crypto, even established names aren't immune to the industry's relentless churn.

The User's To-Do List

If you've got funds on Bit.com, mark your calendar. The timeline is clear, and procrastination isn't an option. Start planning your exit strategy now to avoid a last-minute scramble. Secure your private keys, move assets to a self-custody wallet or a more robust platform, and ensure you're not caught off guard.

A Cynical Take on Finance as Usual

Here's the finance jab: another 'trusted' intermediary sets a withdrawal deadline years out, betting you'll forget or get lazy—classic playbook. It turns customer loyalty into an interest-free loan of your own capital while they manage their decline. Stay sharp.

The closure of Bit.com is more than an isolated event—it's a signal. It underscores the non-negotiable need for self-custody and due diligence in an ecosystem where today's leader can be tomorrow's footnote. The bull market forgives many sins, but the structural shakeout continues. Adapt or get left behind.

Bit.com’s plan for a gradual shutdown

The cryptocurrency exchange Bit.com announced through its social media channels on December 27 that it will wind down its operations through a business restructuring. Consequently, it launched a “User Asset Migration Plan” to help customers withdraw or transfer their holdings.

The exchange released a detailed timeline running through March 31, 2026. Bit.com has promised to complete “all transparent and traceable migration of user assets within a clear time window” while maintaining equal treatment for all account types during the withdrawal process.

Which services will Bit.com stop?

Starting immediately, Bit.com has suspended new user registrations. Existing customers can still login, view their assets, and participate in the migration process.

The platform says normal withdrawal applications will be processed within 0.5 to 24 hours.  Priority verification will be available to users through customer service for any delays exceeding one working day.

Spot trading on the exchange will continue until January 31, 2026, after which all trading functions stop.

Users can withdraw assets directly or convert holdings to USDT before the deadline. Afterwards, any remaining small non-USDT assets will be automatically converted to USDT at closing prices, excluding observation area currencies, which users must withdraw manually beforehand.

Opening new contract trading positions has already been disabled. Users can only close existing positions.

Cloud computing power services will terminate on January 25, 2026, with all mining income settled at that time. Users with active cloud mining orders will receive refunds for unfulfilled service days calculated from January 25 to the expiration date of the original order.

Automatic income calculations for financial product holders will continue until January 30, 2026. After settlement, users must withdraw assets themselves through the app for supported currencies like USDT.

What should Bit.com users do now?

Users can withdraw funds normally from the main platform until January 31, 2026.

From February 1, assets that have still not been withdrawn will be moved to a backup station system, where users can only register and withdraw assets. The exchange has clarified that assets will not be cleared, confiscated, or disposed of during this phase.

March 31 is the final chance to apply for withdrawals through the backup station’s customer service channels.

If you have funds on Bit.com, only rely on its official website announcements and the official app for legitimate information.

As is usually the case, fraudsters and bad actors already have systems to take advantage of Bit.com’s situation. The exchange has also issued fraud warnings, reminding users that official communications will never request passwords, SMS verification codes, mnemonics, or private keys through private messages. The exchange will not ask users to transfer funds to “security accounts.”

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