[Exchanges](https://revain.org/exchanges/) › Bitlocus

# 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

## Key facts

- **Type**: Centralized exchange
- **Country of registration**: Canada
- **Operator**: Bitlocus Exchange Ltd
- **Official site**: [bitlocus.com](https://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. [↗](https://bitlocus.com/)
- The operator moved from Lithuania (Bitlocus LT, UAB, 2022 site) to Canada (Bitlocus Exchange Ltd, current site). [↗](https://web.archive.org/web/20220701072543id_/https://bitlocus.com/)
- In 2021 the UK company Bitlocus Ltd was only temporarily registered with the FCA, until 9 July 2021, pending a decision on its application. [↗](https://web.archive.org/web/20210224023534id_/https://bitlocus.com/)
- New terms called a Master Services and Data Sharing Agreement have applied since 1 July 2026. [↗](https://bitlocus.com/terms-and-conditions)
- Bitlocus does not give investment or legal advice and warns crypto-assets may become worthless. [↗](https://bitlocus.com/)
- The current risk warning has been in force since 17 October 2024; older versions are archived on the site. [↗](https://bitlocus.com/risk-warning)

## 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](https://bitlocus.com/) |

## 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](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [bitlocus.com](https://bitlocus.com/), [bitlocus.com/risk-warning](https://bitlocus.com/risk-warning), [t.me/s/bitlocus](https://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](https://bitlocus.com/)
- Terms of use: [bitlocus.com/terms-and-conditions](https://bitlocus.com/terms-and-conditions)
- Licences: [bitlocus.com/prohibited-countries-and-activities](https://bitlocus.com/prohibited-countries-and-activities)
- Security: [bitlocus.com/risk-warning](https://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](https://bitlocus.com/)
- [Bitlocus - Terms and conditions](https://bitlocus.com/terms-and-conditions)
- [Bitlocus - Prohibited countries and activities](https://bitlocus.com/prohibited-countries-and-activities)
- [Bitlocus - Risk warning](https://bitlocus.com/risk-warning)
- [Bitlocus - AML policy](https://bitlocus.com/aml-policy)
- [Bitlocus - Privacy policy](https://bitlocus.com/privacy-policy)
- [Bitlocus (Wayback 2018-08-26)](https://web.archive.org/web/20180826051037id_/https://bitlocus.com/)
- [Bitlocus (Wayback 2021-02-24)](https://web.archive.org/web/20210224023534id_/https://bitlocus.com/)
- [Bitlocus (Wayback 2022-07-01)](https://web.archive.org/web/20220701072543id_/https://bitlocus.com/)
- [Bitlocus (Wayback 2025-01-12)](https://web.archive.org/web/20250112003117id_/https://bitlocus.com/)

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Page updated: 2026-11-01

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Source: https://revain.org/exchanges/bitlocus/