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
- USDT 1
- Mobile Apps
- Browser platform
- Spot and futures markets, over 230 crypto-crypto pairs, fast exchange of fiat money (USD, EUR) to digital assets (USDT, USDC), mid-market trading commissions, optimal leverage.
Our Evaluation of Biconomy
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
Biconomy is a high-risk cryptocurrency exchange with the TU Overall Score of 1.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Biconomy 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.
Biconomy is highly competitive in crypto-to-crypto trading, even among top-tier exchanges. Traders benefit from favorable conditions for trading both popular and newly emerging digital assets. Liquidity is generally high, and transactions are processed quickly. However, several additional services have been discontinued or are currently unavailable. Some aspects lack transparency, such as undisclosed fees for instant exchanges.
Brief Look at Biconomy
Biconomy is a broker offering access to trading on spot and futures markets directly in a browser or via a mobile app. Over 230 crypto-to-crypto trading pairs are available. Trading fees are typically 0.2%, with reductions available for clients holding BIT tokens. Futures trading offers leverage up to 1:100. To earn passive income, traders can connect to the Biconomy Earn service. 24/7 client support is available via online chat and a ticket system.
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- A demo account and a low minimum deposit of 1 USDT (or equivalent in other digital assets) provide an easy entry point.
- A wide variety of trading pairs is available, with new cryptocurrencies regularly listed.
- Low trading fees with the option to reduce them, and no deposit or withdrawal fees.
- Instant fiat-to-crypto exchange is available (EUR and USD), with payments supported via Visa and MasterCard.
- Clients can earn rewards of up to 3,800 USDT for registration, KYC verification, making a deposit, and completing trades.
- Biconomy Earn offers a potential passive income of up to 150% per year.
- The exchange holds a U.S. MSB license, ensuring strong security for users’ funds and data.
- There are no fiat-to-crypto trading pairs available.
- Some additional investment features (staking, Launchpad, IEO) exist but are currently inactive, with no new offerings.
- Limited educational resources and technical support can sometimes be slow to respond.
Biconomy 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: | Browser-integrated platform, mobile application for Android or iOS devices |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, EUR, as well as BTC, ETH, USDT, USDC, XRP, LTC, XLM, MATIC, DOGE and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Visa and MasterCard, cryptocurrency wallets |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0,2%-0,2% Futures: 0,02%-0,06% |
| 🔧 Instruments: | 268 supported coins, Futures. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | Spot and futures markets, over 230 crypto-crypto pairs, fast exchange of fiat money (USD, EUR) to digital assets (USDT, USDC), mid-market trading commissions, optimal leverage. |
| 🎁 Contests and bonuses: | Yes |
Traders aren't required to make a large initial deposit, but smaller deposits may not be feasible due to blockchain network fees. Leverage up to 1:100 is available for futures trading, though some pairs may offer lower leverage (e.g., 1:20 or 1:50). Leverage is flexible, allowing traders to set their preferred level within the given range.
For support, traders can ask questions via the online chat or the ticket system on this page. Additionally, specialists respond in the official Telegram community. The support service operates on a highly convenient schedule.
Biconomy Key Parameters Evaluation
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Regulation and safety
Biconomy received a score of 3.5/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- Facial recognition
- 2FA
- Cold wallet storage is not mandatory
- Not government-regulated
Biconomy Security Factors
We also compared Biconomy against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Biconomy | 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 | Yes | Yes | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Biconomy a regulated crypto exchange?
Biconomy is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Biconomy 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 Biconomy?
Yes, KYC verification is mandatory at Biconomy. 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 Biconomy available?
Biconomy complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Indonesia, Turkey, China, Kazakhstan. For the most up-to-date information on regional availability, please contact Biconomy support.
Is Biconomy available in the USA?
Biconomy is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
Biconomy commissions and fees
Biconomy received a 5.75/10 score for its trading fees. While Biconomy is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- No deposit fee
- No P2P fee
- Spot fee above industry average
- Withdrawal fee may be applied
What are Biconomy trading fees?
We analyzed Biconomy’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.
Biconomy trading fees vs competitors
| Biconomy | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,06 | 0,05 | 0,05 | 0.053 |
What are Biconomy deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,00013 BTC 0,003 ETH |
Does Biconomy offer P2P trading?
No, Biconomy 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
Biconomy received a 5/10 rating for its deposit and withdrawal services. While Biconomy covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank cards accepted for instant deposits
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
Biconomy supports the following deposit and withdrawal options: Bank card, Crypto, Apple Pay.
Biconomy Deposit and withdrawal options vs competitors
| Biconomy | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Biconomy minimum deposit?
The minimum deposit at Biconomy is 10 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Biconomy minimum deposit vs competitors
| Biconomy | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Biconomy support fiat money?
Biconomy does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Biconomy received a score of 6/10 in this category, reflecting a solid selection of tradable assets and markets. Biconomy supports 268 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto copy trading available
- Staking available
- Crypto futures available
- Crypto options not available
- NTFs not available
Biconomy supported coins and markets vs competitors
We compared Biconomy 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.
| Biconomy | OKX | Kraken | |
| Supported coins | 268 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Biconomy passive income options vs competitors
We also compared Biconomy 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.
Trading apps & tools
Biconomy received a score of 9/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Advanced charting with TradingView support
- Strategy sharing with Copy Trading
- Android app score 4
- App data protection with 2FA
- Advanced orders not available
- No standalone desktop access
Trading apps
Biconomy provides web and mobile apps for both Android and iOS users, with an average rating of 4,5 on the App Store and 4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Biconomy platform is for mobile use.
| Biconomy | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Biconomy offer a desktop app?
No, Biconomy does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Biconomy offer advanced charting with TradingView integration?
Yes, Biconomy offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://www.biconomy.com/en |
|---|---|
| Contacts |
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