4/10 (Expert Score)
Company is rated as #57 in category Crypto exchanges

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.

πŸ“… Year of Establishment2018
πŸ’± Coins:300+
πŸ’° Min depositFrom $1
βš–οΈ Leverage1:1
πŸ’Ή Trading feesFrom 0.2%
πŸ’³ P2P platform❌
πŸ“± Mobile appsiOS, Android
Advantages:
  • Wide selection of cryptocurrencies.
  • User-friendly interface.
  • Comprehensive trading features.
Disadvantages:
  • Limited availability of fiat currency trading pairs.
  • Relatively new platform, lacking established reputation.
  • Potential security risks associated with any cryptocurrency exchange.

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.

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Geographic Distribution

Geography of clients (traders) of Bilaxy

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.

Ethan Johnson
Ethan Johnson
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.

Dmitry Petrov
Dmitry Petrov
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.

Lukas Schmidt
Lukas Schmidt
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.

Roman_Mukhin
Roman Mukhin
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.

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Conditions

Trading Conditions for Bilaxy Users

Based on the provided information, the trading conditions on Bilaxy can be summarized as follows:

  1. 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.
  2. 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%.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

πŸ“… Year of Establishment2018
πŸ’± Coins:300+
πŸ’° Min depositFrom $1
βš–οΈ Leverage1:1
πŸ’Ή Trading feesFrom 0.2%
πŸ’³ P2P platform❌
πŸ” Copy Trading❌
πŸ“Š DeFi Staking❌
πŸ–ΌοΈ NFT❌
🏦 Crypto Loans❌
πŸ”“ Demo account❌
πŸš€ Launchpad❌
πŸ“± Mobile appsiOS, Android
πŸ“ž Customer ServiceForums, Chat, Email
πŸ‘©β€πŸ’Ό SupportMultilingual

Risk Warning

Comparison

Comparison of Bilaxy with other Crypto Exchanges

Coins
Trading fees
iOS, Android
Directives
Leverage
Staking
COPY TRADING
P2P platform
Coins
300+
Trading fees
From 0.2%
iOS, Android
Directives
Leverage
1:1
Staking
COPY TRADING
P2P platform
Coins
385+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:125
Staking
COPY TRADING
P2P platform
Coins
360+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
815+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
350+
Trading fees
Maker fee from -0.05%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
490+
Trading fees
From 0.0015%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
400+
Trading fees
From -0.01%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform

Crypto Exchanges comparison table of trading instruments

Bilaxy
VS
Bybit
VS
Kucoin
Spot
VS
VS
Margin Trading
VS
VS
Futures
VS
VS
Options
VS
VS
NFT
VS
VS
DeFi Staking
VS
VS
Crypto Loans
VS
VS
Launchpad
VS
VS

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.

Note
In terms of security, Bilaxy prioritizes the protection of user funds and data. The platform employs advanced encryption technology to safeguard user information, and a significant portion of user funds is stored in offline cold storage, minimizing the risk of hacking and theft.

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:

Trading Features and Options: Bilaxy provides a range of trading options to suit different trading strategies and preferences. Users can engage in spot trading, margin trading, and utilize features like stop orders and limit orders to enhance their trading experience.
Wide Selection of Cryptocurrencies: Bilaxy provides a diverse range of cryptocurrencies for trading. With over 300 altcoins and tokens available on the platform, users have ample options to explore and invest in different digital assets.
Competitive Trading Fees: Bilaxy offers competitive trading fees, with a standard fee of 0.2% for both makers and takers. Furthermore, users have the option to use Bilaxy's native token, BIA, to cover trading fees and receive a discount, reducing the fee to 0.1%.
User-Friendly Interface: Bilaxy offers a user-friendly interface, making it accessible to both novice and experienced traders. The intuitive design and navigation facilitate easy account management, order placement, and access to various trading features.
Advanced Security Measures: Bilaxy prioritizes the security of user funds and data. The platform utilizes advanced security measures, including encryption technology and cold storage for offline asset storage, to protect against hacking and unauthorized access.
Availability of Mobile Apps: Bilaxy offers mobile trading apps for both iOS and Android devices. These apps enable users to conveniently access their accounts, monitor the market, and execute trades on the go.

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:

Bitcoin and Cryptocurrency Technologies by Princeton University (Coursera): This course is an excellent starting point for understanding the technical mechanics of Bitcoin, the societal impact of Bitcoin, and other cryptocurrencies.
Blockchain Basics by the University of Buffalo (Coursera): While not exclusively focused on cryptocurrencies, this course provides a strong foundational understanding of blockchain technology, which is crucial for understanding cryptocurrencies. The course also covers some specific cryptocurrencies.
Cryptocurrency Investment and Retirement Planning with Cryptoversity (Udemy): This course offers an interesting look at how to incorporate cryptocurrencies into a diversified investment portfolio. It covers different cryptocurrencies, risk management, and even the potential use of cryptocurrencies in retirement planning.

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.

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Rating and Comments

Bilaxy Users Reviews 2024

8.2 Total Score
26 reviews
Rating Overview

Based on all reviews

9.8Expert Score
Investment instruments
10
Deposits and withdrawals
9.3
Customer service
9.7
Trading platform
10
6.6User's score
Investment instruments
6.9
Deposits and withdrawals
6.5
Customer service
6.4
Trading platform
6.8
Add your review  |  Read reviews and comments

Authors:

Roman_Mukhin

Roman Mukhin
Financial expert, analyst and author

Jane Emberg

Jane Emberg
Financial analyst and editor

Best Crypto ExchangesOverall Ranking
4 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 0.85
    Investment instruments
    20
    Deposits and withdrawals
    10
    Customer service
    20
    Trading platform
    20

    A very questionable platform, I would not trust it

    Helpful(0) Unhelpful(0)You have already voted this
  2. 1.6
    Investment instruments
    40
    Deposits and withdrawals
    30
    Customer service
    40
    Trading platform
    20

    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.

    Helpful(0) Unhelpful(0)You have already voted this
  3. 1.75
    Investment instruments
    40
    Deposits and withdrawals
    30
    Customer service
    40
    Trading platform
    30

    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.

    Helpful(0) Unhelpful(0)You have already voted this
  4. 1.75
    Investment instruments
    30
    Deposits and withdrawals
    50
    Customer service
    30
    Trading platform
    30

    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.

    Helpful(0) Unhelpful(0)You have already voted this

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