UBIT Crypto: A Complete Guide

In the ever-expanding universe of cryptocurrencies, thousands of digital tokens emerge every year, each claiming some unique niche or promise. Among them is UBIT, sometimes styled "Ubit Coin," which has attracted both interest and suspicion. While many projects fade quickly, the claims around UBIT, its own blockchain, staking, and huge upside potential have led some investors to explore it. But is UBIT a genuine innovation or a risky gamble? In this article, we'll see full details about UBIT.

About UBIT

In 2021, the cryptocurrency UBIT (UBIT) was introduced. There are approximately 990,000,000 UBITs in circulation at present.  Currently, it is trading at 0.00050012 USD, down -0.02 over the past day.  With $32,970.79 traded on the last day, it is presently trading on four active markets. 

In simpler terms, UBIT positions itself as more than just a speculative token. It presents a comprehensive ecosystem (blockchain, DeFi, staking, and payments), although the line between claim and reality is murky. Because the circulating supply is often reported as zero or unavailable, many sources list its market capitalisation as "not enough data." 

History of UBIT

Among available sources, UBIT is said to have launched in 2021. However, the project is also referenced in some places as an "unfunded company" founded in 2023 (based in India) that operates in decentralised finance. 
The project uses a website "ubitscan.io / ubitcoin.in" as its official domain. Over time, the project has promised roadmap events, ecosystem growth, staking, and governance features. 

Recent News of UBIT

Currently, UBIT is trading at ₹0.0266.   From ₹0.04 last week to ₹0.032 today, the price of UBIT has decreased by 20%, and it has remained unchanged since yesterday.   A 100% decrease from its current value, UBIT hit a record high of ₹32.03 on December 4, 2024. 

The fully diluted valuation of UBIT is ₹ 35.16 million.  The value of UBIT upon full dilution is ₹35.16M. 

The trading volume over the past 24 hours was ₹ 2.951 million.  With an average of ₹2.667M per day over 7 days, it came to ₹18.668M, which is ₹284.238K more than the previous 24 hours.  With an average daily volume of ₹2.739M, the overall trade volume over 30 days is ₹82.162M, representing a ₹212.385K rise over the previous 24-hour volume. 

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Current Price

• According to Coinbase / related data, UBIT's last known price is about $0.000400 USD per token.
• Over the past 24 hours, trading volume has been approximately $30,000 to $35,000 USD across active markets. 

Advantages

Despite the risks, here are claims or strengths cited by proponents or the project itself:

High upside potential: If UBIT succeeds in building a functioning ecosystem, early investors could see significant gains (as is typical in early-stage cryptos).

Fixed supply: A capped supply (990 million) could confer scarcity value.

Ecosystem ambition: The project claims to support staking, payments, DeFi features, and governance.

Community & Marketing visibility: The project maintains a social presence and engages in marketing activities (including holiday posts and greetings) to stay visible in investor communities.

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Disadvantages

Before considering any investment, one must heed the many red flags surrounding UBIT:

Lack of transparency: The circulating supply is often zero or unknown, making it difficult to determine the actual amount in circulation. No confirmed audit reports or third-party reviews are easily found.

Low liquidity & exchange listing risk: It trades on only a few small exchanges with low volume. That makes entering/exiting prominent positions risky (slippage, no buyers).

Pyramid/Staking Bonus Structure Allegations: Public commentary suggests that the model may rely on recruiting or staking bonuses (i.e., investing money and receiving rewards), a characteristic often associated with multi-level / pyramid schemes.

Rebranding / token scams in crypto history: The pattern of tokens being rebranded or replaced is a standard occurrence. UBIT has been mentioned in contexts of such caution.

Extreme volatility / huge downside risk: Any minor negative development could cause the token to plummet to near zero.

Regulatory and legal uncertainty: In many jurisdictions, tokens with opaque structures or pyramid-like reward systems draw scrutiny from regulators.

How to Buy UBIT

Here is a step-by-step method to buy UBIT

STEP1

Find an exchange where UBIT is listed - CoinPaprika lists that UBIT is actively traded on

Coinstore (UBIT/USDT pair) with a volume.

STEP2

Register & KYC

Create an account on the exchange and complete identity verification (if required).

STEP3

Deposit base currency

Deposit money (if supported) or a base cryptocurrency (such as USDT, BNB, or whatever the exchange allows).

STEP4

Locate the UBIT trading pair: On the exchange, search for "UBIT" or "Ubit Coin" and choose the relevant trading pair (e.g., UBIT/USDT)
Place a buy order (market or limit): With a limit order, you can set a price, which is particularly beneficial when liquidity is low.
A market order buys instantly at the prevailing price, but may incur slippage in low liquidity.

Conclusion

UBIT, also known as Ubit Coin, is a highly speculative cryptocurrency. Among the features it promises to provide are governance, DeFi, staking, its own blockchain, and a fixed supply. Many specifics remain unknown, and the evidence supporting these allegations is scant. The fact that circulating supply is often listed as zero, in conjunction with low liquidity and public suspicion of pyramid-like structures, makes it a very high-risk asset.

If you consider investing, do so only with funds you can afford to lose. Treat UBIT as an ultra-high-risk bet, not a core asset. Any positive outcome hinges on the team's ability to deliver real technology, transparency, and adoption, none of which has been fully validated yet. If you'd like, I can monitor UBIT's progress/sentiment, and provide updates periodically, or help you compare it with more established alternative cryptocurrencies.