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When you search for RicHamster crypto exchange, you might expect to find a real platform where people trade Bitcoin, Ethereum, and other coins. But what you’ll actually find is something very different - a development project masquerading as a live exchange. There are no user reviews on Trustpilot. No discussion threads on Reddit. No trading volume on CoinGecko. And no regulatory licenses anywhere on their website. This isn’t just an obscure exchange. It’s a ghost.
What RicHamster Actually Is
RicHamster isn’t a company running a crypto exchange. It’s a white-label product built by a Ukrainian web development firm called WebCase. Launched in 2021, it was never meant to serve real customers. Instead, it’s a template - a ready-made trading platform that WebCase sells to other businesses who want to launch their own crypto exchange without building one from scratch. You can see the signs if you look closely. The website says it’s “a place where you can safely buy or sell cryptocurrency,” but it doesn’t show real user balances, live order books, or any transaction history. The only activity you’ll find is a promotional post about the “VII Traders Tournament Rich Hamster 2024,” which started November 1, 2024. No past tournaments. No winners listed. No proof anyone ever participated. This isn’t how real exchanges operate. Binance, Coinbase, Kraken - they all have millions of users, public trading data, and regulatory filings. RicHamster has none of that. It’s a demo. A showcase. A product catalog item.What It Claims to Offer
According to WebCase’s own documentation, RicHamster supports six cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), and Karbo (KRB). It lets users trade these against fiat currencies like USD or EUR. The platform claims to charge a flat 0.25% fee per trade - lower than many major exchanges. It also says it uses cold wallets to store 95% of funds, offers two-factor authentication, and encrypts data with AES-256 and TLS 1.3. On the surface, that sounds decent. But here’s the problem: none of it’s verified. There are no published security audits. No proof-of-reserves reports. No third-party penetration test results. Even the claim about “95% cold storage” could be true - or it could be marketing fluff. Without independent verification, it’s just words on a page. The platform also claims to handle 15,000 concurrent users and process 350 trades per second. But again, these are internal benchmarks from WebCase. No real users are trading on it. No real volume is being generated. So what do these numbers mean? Nothing.What It Doesn’t Offer
Real crypto exchanges give you tools. Stop-loss orders. Limit orders. Charting with indicators. API access for bots. Margin trading. Futures. Withdrawal limits based on KYC levels. Mobile apps. 24/7 customer support. RicHamster has none of that. It doesn’t even have a mobile app. No API for developers. No advanced trading features. No customer support team - only WebCase’s developers, who only help during the first 3 months after a client deploys the platform. After that, the buyer has to build their own support system. Even basic features like trailing stops or candlestick charts are missing. If you’re used to trading on Binance or Kraken, RicHamster feels like using a calculator from 2005 when everyone else has smartphones.
Why There Are No User Reviews
If RicHamster were a real exchange with even 1,000 users, you’d see reviews. On Trustpilot, Reddit, Twitter, CoinMarketCap forums - somewhere. But you won’t find a single verified user review anywhere. Compare that to CEX.IO, which has over 2,100 reviews on Trustpilot. Or Gemini, with nearly 1,900. Even smaller exchanges have dozens of user experiences. RicHamster? Zero. Not one. That’s not an accident. It’s a red flag. If no one has ever used it, it’s probably not live. If no one has ever lost money on it, it’s probably not handling real funds. And if no one has ever complained about it, it’s probably not serving real customers. Reddit moderators who track scams confirmed they’ve received zero reports about RicHamster - not because it’s safe, but because it’s invisible. As one moderator put it: “The complete absence of user experiences for a platform claiming to be a live exchange is itself a major red flag.”Regulatory Red Flags
In 2025, operating a crypto exchange without proper licensing is illegal in most countries. The U.S. SEC shut down 17 unregistered exchanges in 2023 alone. The EU requires VASP registration. The UK requires FCA approval. Even smaller jurisdictions demand some form of compliance. RicHamster’s website says nothing about regulation. No license numbers. No compliance statements. No legal disclaimers. Nothing. This isn’t negligence. It’s a dealbreaker. Legitimate exchanges spend millions on legal teams and audits. RicHamster doesn’t even pretend to have them. And here’s the kicker: if you’re a business buying RicHamster as a white-label solution, you’re responsible for getting your own licenses. WebCase won’t do it for you. That means you’re buying a platform that’s legally useless unless you’re prepared to jump through regulatory hoops yourself.
Who Is This For?
RicHamster isn’t for retail traders. It’s not for investors. It’s not for anyone looking to buy Bitcoin. It’s for developers and entrepreneurs who want to launch their own crypto exchange quickly - and are willing to do the hard work of compliance, marketing, customer support, and security audits afterward. If you’re a startup with funding, a legal team, and a plan to get licensed in the EU or U.S., RicHamster might save you 6-9 months of development time. But if you’re just looking to trade crypto? Walk away.Alternatives That Actually Work
If you want a real exchange with real users and real security, here are better options:- Coinbase: Easy for beginners, regulated in the U.S., insured custody, and 24/7 support.
- Binance: Highest liquidity, 500+ trading pairs, low fees, and advanced tools - but not available in the U.S.
- Kraken: Strong security, U.S.-based, offers staking and margin trading.
- CEX.IO: Simple interface, supports bank transfers, PCI DSS certified.
Final Verdict
RicHamster is not a crypto exchange. It’s a software product - a template built by a dev shop to sell to other businesses. It looks like a real exchange. It sounds like one. But it doesn’t function like one. There’s no user base. No trading volume. No regulatory compliance. No reviews. No transparency. If you’re a trader, avoid it. If you’re a developer or entrepreneur looking to build your own exchange, understand this: RicHamster is just the starting point. The real work - compliance, security, customer service, liquidity - is all on you. And if you see anyone promoting RicHamster as a place to trade crypto? They’re either misinformed - or trying to sell you something.Is RicHamster a real crypto exchange?
No, RicHamster is not a real exchange. It’s a white-label trading platform developed by WebCase for businesses to customize and launch as their own. There are no verified users, no trading volume, and no public regulatory compliance. It functions as a demo or template, not a live platform.
Can I trade Bitcoin on RicHamster?
Technically, yes - RicHamster supports Bitcoin and five other cryptocurrencies. But since there are no real users or order books, you cannot actually buy or sell Bitcoin on it. The platform appears to be inactive or only used internally by WebCase for demonstrations.
Is RicHamster safe to use?
There’s no way to verify its safety. While WebCase claims it uses cold storage and encryption, there are no independent security audits, proof-of-reserves reports, or regulatory licenses. Without these, you cannot trust any claims about fund security. Treat it as potentially unsafe.
Why are there no reviews of RicHamster?
Because no one has used it. Real exchanges have thousands of reviews on Trustpilot and Reddit. RicHamster has zero. This absence of user feedback strongly suggests it’s not an operational exchange but a development project. No users means no reviews - and that’s a major warning sign.
What’s the difference between RicHamster and Binance or Coinbase?
Binance and Coinbase are real, regulated exchanges with millions of users, billions in daily trading volume, and public compliance records. RicHamster has no users, no volume, and no regulatory disclosures. It’s a software product for businesses to build their own exchange - not a platform for individual traders.
Should I buy RicHamster as a white-label solution?
Only if you’re a business with legal, financial, and technical resources to handle compliance, security audits, customer support, and liquidity. RicHamster gives you a frontend and backend - but you’re responsible for everything else. It’s not a plug-and-play solution. Without proper licensing, using it could put you at legal risk.