What BW.com is
BW.com (币网, "Bitcoin Website") started out in August 2014 in China as a Bitcoin mining pool, founded by the hardware manufacturer LK Group and the exchange CHBTC. Between 2017 and 2018 the brand became an exchange: BW presented itself as a "POS mining community" and a digital asset contracts platform, with the BWB token and technical support from the ZB exchange. In 2021, according to the announcement of the Klever token's listing, it was part of the ZB group and had more than 2.5 million users, mostly in Asia. It offered spot trading, margin trading and perpetual contracts with leverage of up to 100x, which exposes traders to rapid losses of up to the entire margin. From 2023 the website used the "BW6" brand.
Regulation and licences
(Verified: October 2026)
- MiCA: NOT APPLICABLE — BW.com has been inactive since 2024, before MiCA began to apply to service providers (30 December 2024), and does not appear in the ESMA register of CASPs.
- No licence from any financial authority was found; no blocking order from CONSOB (Italy's securities regulator) for the name or for the bw.com and bw6.com domains; no warning on the lists of the FCA, FINMA or Japan's FSA.
Security
There are no publicly documented cyberattacks or thefts of funds (Verified: October 2026). On 17 September 2020, while the ZB exchange was suspending trading and withdrawals for a "data repair", BW temporarily closed its OTC service and tightened checks on some withdrawals. Today a website registered in 2026 under a different domain uses the name "BW Exchange" and invites anyone who had an old account to "merge" it, with no proven link to the original BW: no credentials should be entered there and no funds sent.
Headquarters and contacts
- In 2016-2017 the website named Shenzhen Biwang E-commerce Co., Ltd. (深圳必旺电子商务有限公司), of Shenzhen, China, as its operator; no verifiable legal entity was found for the exchange phase. (Verified: October 2026)
- No active official website.
Alternatives
For anyone looking for a similar service that is operating and authorised in the EU:
- Kraken — MiCA authorisation in Ireland (June 2025)
- OKX — MiCA authorisation in Malta (January 2025)
- Bybit — MiCA authorisation in Austria (May 2025)
FAQ
Is BW.com still active? No: as early as April 2024 the website no longer showed the platform, and there is no record of an official closure announcement. (Verified: October 2026)
Can I recover funds left on BW.com? There is no record of any official channel or refund procedure: anyone promising to recover balances on BW's behalf should be treated with the utmost caution. (Verified: October 2026)
Verified sources
- https://web.archive.org/web/20170606164124/https://www.bw.com/about
- https://web.archive.org/web/20211220210240/https://www.bw.com/about
- https://web.archive.org/web/20201026005751/https://bwexchange.zendesk.com/hc/en-us/article
- https://web.archive.org/web/20240302100504/https://www.bw.com/en/cross-trade/ltc_usdt
- https://web.archive.org/web/20240402054523/https://www.bw.com/
- https://klever.substack.com/p/official-klever-klv-to-be-listed-71d
- https://criptonoticias.com/mineria/bw-mineria-criptomonedas-china-mercado-latino
- https://www.cryptowisser.com/exchange/bw-com/
