Bilaxy review: Bilaxy is a cryptocurrency exchange platform that provides a wide range of trading services for digital assets. Founded in 2018, it has quickly gained popularity among traders and investors in the cryptocurrency community. With its user-friendly interface and comprehensive features, Bilaxy offers a seamless trading experience for both beginners and experienced traders.
One of the key features of Bilaxy is its extensive selection of cryptocurrencies available for trading. The platform supports a diverse range of digital assets, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins and tokens. This wide selection allows users to explore various investment opportunities and diversify their crypto portfolios.
Security is a top priority for Bilaxy, and the platform incorporates several measures to ensure the safety of user funds and data. It employs advanced encryption technology to protect user information and implements stringent security protocols to safeguard against unauthorized access. Additionally, Bilaxy employs cold storage techniques to store the majority of users' funds offline, reducing the risk of hacking and theft.
| 📅 Year of Establishment | 2018 |
| 💱 Coins: | 300+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0.2% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
Overall Bilaxy Review
In summary, Bilaxy is a reputable cryptocurrency exchange platform that offers a wide range of digital assets for trading, robust security measures, diverse trading options, and a supportive community. Whether you are a beginner or an experienced trader, Bilaxy provides the necessary tools and features to engage in cryptocurrency trading in a secure and user-friendly environment.
Go to Bilaxy website
Top Reviews
Best customer reviews of Bilaxy
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
This particular cryptocurrency exchange differs from its competitors primarily in its significantly lower brokerage fees. With a commission of just 0.2% per transaction and the added benefit of halved fees when using a BIA broker token, it certainly provides a cost-effective trading experience.
United States
After signing up, I was happy to receive an initial distribution of 20 BIA tokens, and after going through the full verification process, I was given another 80 tokens. These tokens proved useful in offsetting transaction fees, as the broker only charged me 0.2% of the transaction amount, which is actually half the standard fee.
Russia
Bilaxy boasts an extensive set of assets to meet the diverse needs of traders. However, it is particularly successful in providing a variety of trading opportunities for Ethereum enthusiasts. in my opinion, the exchange is questionable.
Germany
Expert Review
Expert Review of Bilaxy
Bilaxy operates in a regulatory gray area, as it falls short in complying with established industry standards and regulations. The absence of proper oversight raises significant concerns about the platform's accountability and transparency. Users may face heightened risks due to the potential for regulatory actions and the lack of safeguards.
While Bilaxy claims to prioritize security, there have been notable instances of security breaches in the past. These incidents not only jeopardize user funds but also undermine confidence in the platform's ability to protect sensitive information. The lack of robust security measures raises doubts about Bilaxy's commitment to safeguarding user assets.
Bilaxy's offering of trading pairs is relatively limited, especially when it comes to fiat currency options. This restriction restricts users' ability to diversify their portfolios and may result in reduced liquidity for certain assets. Insufficient trading volume can lead to challenges such as slippage, increased spreads, and difficulty in executing trades at desired prices.
Numerous user reports suggest that Bilaxy's customer support is inadequate and often unresponsive. Timely and effective customer service is crucial for a reliable exchange, as it ensures that users can address issues promptly. Bilaxy's failure to provide satisfactory support indicates a lack of dedication to customer satisfaction and resolution of user concerns.
Compared to more established exchanges, Bilaxy has a relatively short operating history. The absence of an established reputation makes it challenging to assess the platform's long-term reliability. Trust is a crucial aspect of any financial institution, and Bilaxy's limited track record raises doubts about its ability to maintain stability and withstand market fluctuations.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on Bilaxy, like any other cryptocurrency exchange, carries inherent risks that users should be aware of. The volatile nature of the cryptocurrency market combined with the specific characteristics of Bilaxy as a platform introduces several risk factors.
Best Copy Trading Platforms
Conditions
Trading Conditions for Bilaxy Users
Based on the provided information, the trading conditions on Bilaxy can be summarized as follows:
- Low, Fixed Trading Fees: Bilaxy charges a fixed trading fee of 0.2% for both takers and makers on each transaction. This fee remains the same regardless of the trading volume or other factors.
- Fee Reduction with BIA Token: Users have the option to reduce the trading fee by using the exchange's native token, BIA. By utilizing BIA to cover the trading fees, users can receive a 50% discount, resulting in a reduced fee of 0.1%.
- Wide Range of Cryptocurrencies: Bilaxy supports the trading of major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, as well as over 300 altcoins and tokens. The platform focuses on crypto-to-crypto pairs and does not facilitate fiat currency trading.
- Trading Platforms: Bilaxy offers a desktop trading terminal based on the TradingView model, providing users with advanced charting tools and technical analysis capabilities. Additionally, there is a mobile trading application available for iOS and Android devices.
- Limited Additional Features: Bilaxy primarily focuses on providing a cryptocurrency trading service and does not offer investment solutions, demo accounts, or training resources. The platform does offer a one-level referral program for users interested in earning through referrals.
- Registration and Verification: The registration and verification process on Bilaxy is described as standard, with no minimum deposit requirement mentioned.
It's important to note that the provided information is based on the details shared and may not reflect the most up-to-date trading conditions on Bilaxy. Users should refer to Bilaxy's official website or documentation for the latest and accurate information on fees, supported cryptocurrencies, and available features.
| 📅 Year of Establishment | 2018 |
| 💱 Coins: | 300+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0.2% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ❌ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
Risk Warning
Comparison
Comparison of Bilaxy with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Bilaxy Accounts, Commissions & Fees
Bilaxy operates with a fee structure that varies based on the payment method used for trading fees. Here's a breakdown of the accounts, commissions, and fees on Bilaxy:
Account Types: Bilaxy offers standard trading accounts to users for cryptocurrency trading on their platform. The specific details and features of these accounts may vary.
Trading Commissions: If you do not use BIA tokens to pay for trading fees, all trades on Bilaxy are charged a commission of 0.2%. The trading fee is calculated based on the amount of the trade multiplied by the purchase price, then multiplied by 0.002 (amount * purchase price * 0.002).
Order Cancellation: If an order is partially executed or canceled, any portion of the order that has not been executed will be fully refunded.
It's important to note that while the provided information reflects the details you shared, the fee structure and policies of Bilaxy may be subject to change. For the most accurate and up-to-date information regarding Bilaxy's accounts, commissions, and fees, it is recommended to visit Bilaxy's official website or refer to their documentation.
Fee Discount with BIA: By using BIA tokens to pay for trading fees, users can enjoy a discount rate of 50%. This reduces the trading fee to 0.1%. You can refer to the provided link (https://bilaxy.zendesk.com/hc/en-us/articles/360026485691-Use-BIA-to-Pay-Trading-Fee-Enjoy-80-of-Fee-Deducted) for more details on how to use BIA tokens for trading fee payment and the associated benefits.
Risk Warning
Final review
Detailed review of Bilaxy
Bilaxy is a cryptocurrency exchange platform that offers a wide range of trading services for digital assets. The platform provides a diverse selection of cryptocurrencies for trading, including major coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as various altcoins and tokens. This allows users to explore different investment opportunities and diversify their portfolios.
Bilaxy offers different trading options to cater to various trading strategies and preferences. Users can engage in spot trading, buying and selling cryptocurrencies at the current market price. Additionally, margin trading is available, allowing users to trade with borrowed funds to potentially amplify profits, although it also carries increased risk.
One of the positive aspects of Bilaxy is its user-friendly interface, which makes it accessible to both beginner and experienced traders. The platform offers an intuitive design and easy navigation, facilitating smooth order placement, account management, and access to various features.
Another consideration is that Bilaxy is a relatively new platform compared to more established exchanges. The absence of an established reputation and track record raises concerns about its reliability and trustworthiness, particularly during periods of market volatility.
Additionally, some users have reported issues with Bilaxy's customer support, including slow response times and inadequate assistance. This raises questions about the platform's ability to address user concerns effectively.
In conclusion, Bilaxy offers a user-friendly platform with a wide selection of cryptocurrencies and robust security measures. However, limitations in fiat support, customer support concerns, the platform's relative newness, and potential regulatory compliance issues should be taken into consideration. Conducting thorough research and exercising caution are crucial when using Bilaxy or any cryptocurrency exchange platform.
Advantages:
Binance is the most popular cryptocurrency exchange in the world. Here are the benefits that make it special:
Bilaxy Regulator
Bilaxy did not have any specific information about the regulatory oversight or the specific regulatory body regulating its operations. It is important to note that the regulatory landscape for cryptocurrency exchanges can vary from jurisdiction to jurisdiction and can change over time. To get the most up-to-date and accurate information about Bilaxy's regulatory status, it is recommended to refer to its official website or contact the support team directly.
Risk Warning
Promotions
Bonuses Paid by the Bilaxy
Bonuses
Bilaxy does not provide bonuses or promotional offers to its users. While some cryptocurrency exchanges may offer bonuses as a part of their marketing and user attraction strategies, Bilaxy platform may not have a special program or policy of providing bonuses to its users. It's important to note that the availability and terms of bonuses may differ from exchange to exchange, so users should contact Bilaxy's official website or support team for the most accurate and up-to-date information regarding any bonuses or promotional offers they may provide.
Education
Review of the Bilaxy Education Program
While the digital asset trading platform Bilaxy offers a wide range of services and opportunities for cryptocurrency enthusiasts and traders, as of my knowledge cut-off in September 2021, it's important to note that Bilaxy does not feature an educational program. This platform, esteemed for its varied cryptocurrency listings and international accessibility, primarily focuses on providing a robust trading infrastructure. Therefore, users seeking educational content related to blockchain technology or cryptocurrency trading may need to consider alternative resources for learning and development in these complex fields.
Online Courses:
Please note that while these courses were available and highly rated at my last training update, availability, quality, and appropriateness for your needs may have changed. Also, be aware that understanding and trading cryptocurrencies carry a high degree of risk, so always do your own research and consider seeking advice from a financial advisor.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Bilaxy Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
A very questionable platform, I would not trust it
Bilaxy proved not to be a very reliable platform for me. I experienced malfunctions and irregularity in accepting funds. I also had difficulty with customer support, as responses were slow and not always helpful. Despite some interesting features and the availability of certain tokens, I feel there are more reliable and trustworthy cryptocurrency trading platforms out there.
There are often delays in withdrawals and transaction fees can be high. In addition, the interface is not very intuitive, and I encountered difficulties in placing and cancelling orders. Overall, I would recommend looking for another exchange that offers a more reliable and convenient trading experience.
The platform often encountered technical problems, such as transaction processing delays and connectivity issues. Moreover, I noticed that liquidity on the exchange is not always good, especially for less popular tokens. I would recommend to be wary of using Bilaxy and look for more stable and reliable platforms for your trading needs.