What is Bitstar (BITS) crypto coin? The truth about a dead cryptocurrency
May, 18 2025
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Bitstar (BITS) isn’t a cryptocurrency you should consider buying, holding, or even researching seriously - not because it’s misunderstood, but because it’s effectively dead. Launched in 2014 with the promise of being a "digital savings coin" that lets you earn interest just by holding it, Bitstar was meant to compete with Bitcoin by offering a simpler, energy-efficient alternative through staking. But today, over a decade later, it exists only as a ghost in the crypto graveyard - with no trading volume, no exchange support, no community, and no future.
What Bitstar (BITS) Actually Is
Bitstar (BITS) is a proof-of-stake cryptocurrency that was designed to reward users for holding coins in their wallets, similar to earning interest in a bank account. Unlike Bitcoin, which uses energy-heavy mining, Bitstar claimed to let you earn rewards just by keeping your coins in a compatible wallet. That sounds nice - until you look at the numbers.
Its maximum supply is listed as 54,256,119 coins by some sources, but others claim only 21 million are in existence - and even those numbers are unreliable. What’s worse? Bitstar has zero circulating supply according to Coinbase. That means, for all practical purposes, no one is actively using it. There’s no real money in the system. No transactions. No movement.
The Price of a Dead Coin
Bitstar’s all-time high was $0.1043 - back when crypto was still a fringe idea. As of late 2023, its price hovered around $0.0026. That’s a 97.65% drop from its peak. Today, you can buy 1,000 BITS for less than $3. But here’s the catch: you can’t actually buy it anywhere meaningful.
Binance, Coinbase, Kraken, KuCoin - none of the major exchanges list Bitstar. The only exchange that ever had a trading pair for BITS was YoBit, and even that pair was inactive by late 2023. No order book. No buyers. No sellers. Just a listing that looks real but doesn’t work. If you tried to purchase it today, you’d likely be met with an error message or a frozen page.
No Wallets. No Tools. No Support
There’s no official Bitstar wallet. No mobile app. No desktop client you can download from a trusted source. The few references to wallets online are vague - suggesting you "use a hardware wallet" or "try the official wallet" - but no links, no download pages, no GitHub repos. No developer activity. No updates since 2015.
And there’s no customer support. No email. No Twitter account. No Telegram group. No Discord server. If something goes wrong - if your coins disappear, if your wallet crashes - you’re completely on your own. There’s no one to help you. There never was.
Why No One Talks About It
Search Reddit for "Bitstar" or "BITS" - you’ll find nothing. Check Trustpilot, CoinMarketCap forums, or even Bitcointalk - the only mention you’ll find is a single 2015 post from someone who tried staking it and quit after two months because the wallet kept crashing.
Major crypto publications like CoinDesk and Cointelegraph have never covered Bitstar. No analysts have written about it. No YouTube videos explain how to use it. No influencers promote it. Why? Because there’s nothing to promote. It’s not a project. It’s not a community. It’s not even a meme anymore - it’s a footnote.
How It Compares to Real Cryptocurrencies
Compare Bitstar to Cardano (ADA), Solana (SOL), or even Polkadot (DOT). All of them offer staking. All of them have active developers, large communities, and listings on major exchanges. They have whitepapers, roadmaps, and regular updates. They move billions in trading volume every day.
Bitstar? Zero trading volume. Zero market cap. Zero developer activity. Zero future. It doesn’t just lag behind - it doesn’t even exist in the same universe.
The Bigger Picture: Dead Coins Are Everywhere
There are over 8,000 dead cryptocurrencies out there. Projects that launched with hype, vanished without a trace, and left investors with nothing but a wallet full of worthless tokens. Bitstar is one of them - and it’s not even a cautionary tale. It’s just a statistic.
Deloitte’s 2023 Digital Asset Report found that cryptocurrencies with less than $1,000 in daily trading volume and no presence on top 50 exchanges have a 99.7% failure rate within five years. Bitstar’s trading volume? $0.03866 in 24 hours. That’s less than the cost of a coffee. It didn’t fail - it never started.
What Happens If You Buy It Anyway?
Let’s say you find a shady exchange that still lists BITS. You spend $50 to buy 20,000 coins. What then?
- You can’t move them to a mainstream wallet like MetaMask or Trust Wallet - they don’t support it.
- You can’t sell them because no one’s buying.
- You can’t stake them because the staking software doesn’t exist anymore.
- You can’t even get help - there’s no support team, no FAQ, no contact.
You’re holding digital trash. A relic. A ghost. And the only thing you’ll lose is time - and maybe a few dollars.
Final Verdict: Avoid Bitstar (BITS) Completely
Bitstar (BITS) is not a failed cryptocurrency. It’s an abandoned one. There’s no revival plan. No team working on it. No investors waiting for a rebound. No one cares. It’s been dead for years.
If you’re looking for a staking coin that actually works, look at Cardano, Polkadot, or even Ethereum 2.0. They have real value, real users, and real development. Bitstar? It’s a ghost. A cautionary footnote. A warning label you don’t need to read - because you already know what happens when you touch it.
Don’t waste your time. Don’t waste your money. Bitstar is gone. And it’s not coming back.
Is Bitstar (BITS) still being traded anywhere?
No, Bitstar is not actively traded on any major exchange. The only exchange that ever listed it, YoBit, had its BITS/USD trading pair inactive as of late 2023. There is no order book, no buyers, and no sellers. Even if you find a site claiming to trade BITS, it’s likely a scam or a dead listing.
Can I stake Bitstar coins and earn interest?
Theoretically, yes - Bitstar was designed as a proof-of-stake coin where you earn rewards by holding coins in a wallet. But in practice, no. There is no official wallet available for download, no staking software, and no active network to validate transactions. Even if you had coins, you couldn’t stake them. The system is broken and abandoned.
Why is Bitstar’s market cap listed as $0?
Because there is no real market. Market cap is calculated by multiplying the current price by the circulating supply. But Bitstar has zero trading volume, zero circulating supply according to Coinbase, and no active buyers. Without any real transactions, the market cap is effectively zero. It’s not undervalued - it’s nonexistent.
Is Bitstar listed on Binance or Coinbase?
No. Both Binance and Coinbase explicitly state that Bitstar (BITS) is not listed on their platforms. Binance includes it only in a "reference only" section with no trading functionality. Coinbase calls it "not tradable." These are the two largest crypto exchanges in the world - if they don’t list it, it’s not a real asset.
What happened to the Bitstar team?
No one knows. There are no public records of the founders, no LinkedIn profiles, no press releases, and no official website. The last known activity on any Bitstar-related platform was in 2015. The team disappeared, and the project was abandoned. This is common with low-quality crypto projects that launch without a real plan or team.
Should I buy Bitstar if it’s cheap?
Never buy a cryptocurrency just because it’s cheap. Price doesn’t equal value. Bitstar costs pennies because it’s worthless. Buying it is like buying a used car with no engine - it might look like a car, but it won’t move. There’s no future, no liquidity, and no way to cash out. You’re throwing money away.
Are there any legitimate alternatives to Bitstar for earning passive income?
Yes. Cardano (ADA), Polkadot (DOT), Solana (SOL), and Ethereum (ETH) all offer staking with real networks, active developers, and exchange listings. You can stake these coins on Binance, Coinbase, or Kraken and earn reliable rewards. Unlike Bitstar, these projects have track records, communities, and long-term development plans.
Is Bitstar a scam?
It’s not a scam in the traditional sense - there’s no evidence of fraud or stolen funds. But it’s a classic example of a rug pull by neglect. The team launched it, did nothing after 2015, and vanished. It’s not malicious - it’s just dead. And dead projects are just as dangerous as scams because they leave you with zero value and zero recourse.
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