Bitlocus: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- Bitlocus Exchange Ltd, British Columbia company BC1520242, Canada.
- Risks and caveats
- FINTRAC registration is anti-money-laundering registration, not a licence that supervises custody or capital.
- Checked
- 1 November 2026
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Key facts
- Type
- Centralized exchange
- Country of registration
- Canada
- Operator
- Bitlocus Exchange Ltd
- Official site
- bitlocus.com
Key facts checked on 1 November 2026 against official sources and regulator registers.
What is Bitlocus
Bitlocus is a fiat-to-crypto platform that automatically converts between fiat money and crypto for retail and business clients, and offers ready-made APIs to businesses. The current operator is Bitlocus Exchange Ltd, a Canadian company registered with FINTRAC as a money services business.
Good to know
- Bitlocus says its services are not intended for users in the United Kingdom or the United States, among other jurisdictions. ↗
- The operator moved from Lithuania (Bitlocus LT, UAB, 2022 site) to Canada (Bitlocus Exchange Ltd, current site). ↗
- In 2021 the UK company Bitlocus Ltd was only temporarily registered with the FCA, until 9 July 2021, pending a decision on its application. ↗
- New terms called a Master Services and Data Sharing Agreement have applied since 1 July 2026. ↗
- Bitlocus does not give investment or legal advice and warns crypto-assets may become worthless. ↗
- The current risk warning has been in force since 17 October 2024; older versions are archived on the site. ↗
Services
| Parameter | Details |
|---|---|
| Fiat deposits | Automatic conversion between fiat and crypto for retail and business clients. |
| OTC | Ready-made APIs for businesses to add crypto to their workflow. |
| Spot trading | Started in 2018 as a fiat-crypto exchange with a BTC/EUR pair. |
| Own token | BTL, Bitlocus's deflationary native token (2022 site). |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Canada | Bitlocus Exchange Ltd (BC1520242); FINTRAC register legal name: 1520242 B.C. LTD. | Money services business registration (virtual currency), no. C10001457, status Registered, approved 25 Nov 2025, expires 31 Jan 2028 (FINTRAC register) | FINTRAC |
Security incidents
No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard, bitlocus.com, bitlocus.com/risk-warning, t.me/s/bitlocus
Who can use it
- Verification: Identity verification is required before using Bitlocus services.
- Not for users in the UK, the USA and other listed jurisdictions, including Russia, Belarus, Iran and North Korea.
History
| Date | Event |
|---|---|
| 2018 | Bitlocus launched as a fiat-crypto exchange run by Bitlocus Ltd (UK), starting with BTC/EUR. |
| 9 July 2021 | End of Bitlocus Ltd's temporary UK registration under the MLRs, pending the FCA decision. |
| 28 February 2022 | Digital Currency Exchange Services Terms took effect (in force until 16 October 2024). |
| 2022 | The site named Bitlocus LT, UAB (Lithuania) as operator and promoted the BTL token. |
| 1 July 2026 | A Master Services and Data Sharing Agreement replaced the previous general terms. |
Risks and caveats
- FINTRAC registration is anti-money-laundering registration, not a licence that supervises custody or capital.
- Bitlocus warns crypto-asset prices can fluctuate sharply and assets may become worthless.
- Services are restricted in the UK, the US and other listed jurisdictions.
About the company
- Legal entity
- Bitlocus Exchange Ltd, British Columbia company BC1520242, Canada.
- Founded
- Bitlocus says it has worked since 2018 to simplify crypto for fiat users (2025 site).
- Formerly
- Bitlocus LT, UAB (Lithuania), registered with the Financial Crime Investigation Service (FNTT).
- Formerly
- Bitlocus Ltd (United Kingdom).
- Legal entity
- The privacy policy names the same Canadian company, Bitlocus Exchange Ltd (BC1520242).
Official links
- Website: bitlocus.com
- Terms of use: bitlocus.com/terms-and-conditions
- Licences: bitlocus.com/prohibited-countries-and-activities
- Security: bitlocus.com/risk-warning
Questions and answers
Is Bitlocus regulated?
Bitlocus says its operator, Bitlocus Exchange Ltd (Canada), is registered with FINTRAC as a virtual currency money services business (no. C10001457).
Who owns Bitlocus?
The current site names Bitlocus Exchange Ltd, a British Columbia company (BC1520242); earlier sites named Bitlocus LT, UAB (Lithuania) and Bitlocus Ltd (UK).
Is Bitlocus available in the US or UK?
No. Bitlocus says its services are not intended for users in the United Kingdom or the United States.
Does Bitlocus publish proof of reserves?
No proof-of-reserves report is published on bitlocus.com.
Sources
- Bitlocus - Home
- Bitlocus - Terms and conditions
- Bitlocus - Prohibited countries and activities
- Bitlocus - Risk warning
- Bitlocus - AML policy
- Bitlocus - Privacy policy
- Bitlocus (Wayback 2018-08-26)
- Bitlocus (Wayback 2021-02-24)
- Bitlocus (Wayback 2022-07-01)
- Bitlocus (Wayback 2025-01-12)
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