According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile Apps
- TradingView
- Fast execution and deep liquidity
Our Evaluation of Batonex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Batonex is a high-risk cryptocurrency exchange with the TU Overall Score of 2.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Batonex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Batonex offers active cryptocurrency trading to both professionals and those who value deep liquidity and fast execution.
Brief Look at Batonex
Batonex, formerly known as Wisebitcoin, is a Singapore-based cryptocurrency exchange launched in 2018. The platform offers a wide range of trading instruments, including high-speed spot trading of over 30 cryptocurrencies and margin trading of futures contracts with leverage up to 1:100. With over 12 million users worldwide, Batonex offers high liquidity and efficient trading. The BTX token enhances the ecosystem and provides the opportunity to participate in mining.
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- High execution speed;
- Low minimum deposit requirements;
- 24/7 client support;
- Mobile apps for Android and iOS.
- No traditional passive income options;
- No demo account.
TU Expert Advice
Financial expert and analyst at Traders Union
Batonex has become a popular choice for cryptocurrency trading, offering high liquidity backed by robust cloud technology. With millions of users worldwide, the platform has proven to be reliable and secure, employing cold storage and two-factor authentication.
The platform also offers its native token, BTX, designed to create a simple, secure, and user-friendly cryptocurrency ecosystem. BTX provides unique benefits for holders, fostering mutual growth. The total supply of BTX is capped at 2 billion tokens. The token distribution includes mining, investments in the ecosystem, a security fund, marketing, team incentives, and partnerships.
Batonex is suitable for users who value speed, convenience, and high-quality support. The constant development of the service and a responsive team indicate a commitment to continuous improvement. While additional investment options like staking would be beneficial, Batonex remains a strong player in the cryptocurrency market.
Batonex Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | TradingView-powered web platform and mobile apps |
|---|---|
| 📊 Accounts: | Spot and Futures |
| 💰 Account currency: | USDT, BTC, ETH, and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | 25 cryptocurrencies |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | Up to 1:100 for futures |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Subject to a trading instrument |
| 💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,02%-0,07% |
| 🔧 Instruments: | Futures, Perpetual contracts. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, limit, stop limit, stop market, stop loss, take profit, post only, reduce only, and time in force |
| ⭐ Trading features: | Fast execution and deep liquidity |
| 🎁 Contests and bonuses: | Yes |
Batonex caters to active traders, offering margin trading with leverage up to 1:100 to maximize profits on both long and short positions. Spot trading is also available, making the platform accessible to a broader audience, including novice traders.
Batonex Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Batonex demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- No investor protection fund
- Not U.S regulated
- Not government-regulated
- No facial recognition
Batonex Security Factors
We also compared Batonex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Batonex | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Batonex a regulated crypto exchange?
Batonex is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Batonex is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Batonex?
Yes, KYC verification is mandatory at Batonex. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Batonex available?
Batonex complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary. For the most up-to-date information on regional availability, please contact Batonex support.
Is Batonex available in the USA?
Yes, Batonex is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Batonex commissions and fees
Batonex has earned a rating of 8.25/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Batonex is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No Withdrawal fee
- P2P fee applied
What are Batonex trading fees?
We analyzed Batonex’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Batonex trading fees vs competitors
| Batonex | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,07 | 0,05 | 0,055 | 0.053 |
What are Batonex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0 |
Does Batonex offer P2P trading?
No, Batonex does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Batonex received a 2.5/10 rating for its deposit and withdrawal services. Batonex offers limited funding options and may charge fees, which could be inconvenient for many users.
- No withdrawal fee
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No P2P transfer option
- No Google Pay option
- No support for bank card payments
Deposit and withdrawal options
Batonex supports the following deposit and withdrawal options: Crypto.
Batonex Deposit and withdrawal options vs competitors
| Batonex | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Batonex minimum deposit?
The minimum deposit at Batonex is 1 USD/USDT or 0 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Batonex minimum deposit vs competitors
| Batonex | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Batonex support fiat money?
Batonex does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Batonex received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Batonex covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Other supported products
- Copy trading not available
- Only — supported coins
Batonex supported coins and markets vs competitors
We compared Batonex with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Batonex | OKX | Kraken | |
| Supported coins | spot not available | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Batonex passive income options vs competitors
We also compared Batonex with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Official site | https://www.batonex.com/en |
|---|
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