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
- TradingView
- Lots of cryptocurrencies and tokens, no fiats, simple and convenient trading terminal, profitable referral program, no investment decisions and solutions for beginners
Our Evaluation of Bilaxy
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
Bilaxy is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.35 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bilaxy clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Bilaxy crypto exchange offers one type of service: cryptocurrency trading. There are no fiat funds or investment programs. The trading terminal is simple, it is intuitive, easy to use for beginners and professionals. There is a FAQs section for newbies. The main advantages of the platform are large trading volumes, many assets, excellent terminal speed, and a high security rating for the system. A relative disadvantage is that there is no specialized functionality or comprehensive training for novice traders.
Brief Look at Bilaxy
The Bilaxy exchange is a cryptocurrency trading service. You can trade Bitcoin, Ethereum, Litecoin, FXT Token, DRK Chain, Moonpot (BEP20), as well as over 300 altcoins and tokens on the platform. There are no fiat funds, only crypto-to-crypto pairs. They use the TradingView desktop trading terminal and an application for mobile trading based on the TradingView model. The app comes in versions for iOS and Android. There are no investment solutions, demo accounts, or training. There is no minimum deposit, and registration and verification are standard. Of the additional earning options, there is only a one-level referral program. Fixed commissions are 0.2% for taker and maker. However, if an exchange token (BIA) is used to pay off the commission, the commission is reduced to 0.1%.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Very simple and convenient trading terminal (this is also true for its mobile application);
- Bitcoin, hundreds of the most popular and demanded altcoins and coins are traded on the exchange;
- no restrictions on trading strategies, no minimum deposit, no withdrawal limits;
- low fixed commissions, which can be further reduced due to rebates from the Traders Union;
- BIA exchange token has large trading volumes and can be used to gain trading advantages;
- advantageous referral program, through which you can receive up to 40% of the commissions of invited users.
- there are no investment solutions or passive earnings options on the exchange, except for the referral program;
- the exchange does not provide demo accounts or training guides;
- there is no call center for prompt communication with technical support.
TU Expert Advice
Financial expert and analyst at Traders Union
Bilaxy was founded in 2018 and is headquartered in Seychelles. It is subject to the financial legislation of this country. There is a valid license, the activity is carried out transparently, and there are no fines.
During the testing of the platform, TU’s experts didn’t find any technical failures or vulnerabilities. The servers are stable even at peak loads, notwithstanding the impressive trading volumes. Bilaxy trades Bitcoin on the platform, as well as the most popular altcoins, plus hundreds of tokens. The company has its own token: the BIA. It is actively traded and supported. The advantage of purchasing BIA tokens is you can get a 50% discount on commission fees for trading operations.
Commission fees are below average for the current market, they are the same for taker/maker. They do not depend on trading volume or third-party factors. All options for depositing and withdrawing funds are available. There are no commissions for the deposit, there are commissions for withdrawal though, and they are variable, depending on the asset, the withdrawal volume, and the state of the market. It is calculated individually when filling out the withdrawal form.
The platform does not offer investment solutions, only active trading. There is only one type of account, with no VIP statuses. There are a news feed and basic analytics. The pool of tokens is constantly growing. Competitions are held regularly. Taking into account all the factors, the exchange offers attractive conditions for crypto traders of all levels.
Bilaxy Summary
💻 Trading platform: | TradingView browser and mobile apps |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptocurrencies and tokens |
💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | from 0 |
💱 Commission: | Spot: 0,15%-0,15% |
🔧 Instruments: | 128 supported coins, Fiat. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | N/A |
⭐ Trading features: | Lots of cryptocurrencies and tokens, no fiats, simple and convenient trading terminal, profitable referral program, no investment decisions and solutions for beginners |
🎁 Contests and bonuses: | Yes |
The Bilaxy cryptocurrency exchange does not set a minimum deposit. This means that to start trading, you only need to register and verify. Further, you independently determine your economic policy, and you can enter any deposits through all available channels. No leverage is provided; you can only trade using your own assets. Borrowed funds (margins) are not permitted. The technical support of the exchange operates around the clock, and communication is available through the ticket system on the website and by email. You can also contact company representatives through the official accounts of the crypto exchange on social networks (all this information is presented in the footer on the official website).
Bilaxy Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
Bilaxy received a score of 4.5/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- 2FA
- Cold wallet storage
- Successful hacks history
- No investor protection fund
Bilaxy Security Factors
We also compared Bilaxy against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
Bilaxy | 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 | Yes | No | No |
Is Bilaxy a regulated crypto exchange?
Bilaxy is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Bilaxy 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 Bilaxy?
Yes, KYC verification is mandatory at Bilaxy. 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 Bilaxy available?
Bilaxy complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Singapore, China, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bilaxy support.
Is Bilaxy available in the USA?
Yes, Bilaxy 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.
Bilaxy commissions and fees
Bilaxy received a 7/10 score for its trading fees. While Bilaxy is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bilaxy trading fees?
We analyzed Bilaxy’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.
Bilaxy trading fees vs competitors
Bilaxy | Nexus Trade | Paxful | Industry average | |
Spot, maker fee (%) | 0,15 | 0,22 | 0 | 0.15 |
Spot, taker fee (%) | 0,15 | 0,22 | 0 | 0.194 |
What are Bilaxy deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0,0007 BTC 0,01 ETH |
Does Bilaxy offer P2P trading?
No, Bilaxy 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
Bilaxy received a 2.5/10 rating for its deposit and withdrawal services. Bilaxy offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- Bank transfers not available
Deposit and withdrawal options
Bilaxy supports the following deposit and withdrawal options: Crypto.
Bilaxy Deposit and withdrawal options vs competitors
What is Bilaxy minimum deposit?
The minimum deposit at Bilaxy is 1 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bilaxy minimum deposit vs competitors
Bilaxy | OKX | Kraken | |
Minimum deposit, USD or USDT | 1 | 10 | 10 |
Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bilaxy support fiat money?
Bilaxy supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bilaxy received a score of 3.5/10 in this category, indicating a modest offering of assets and markets. While Bilaxy covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Fiat currencies supported
- Crypto futures not available
- Copy trading not available
Bilaxy supported coins and markets vs competitors
We compared Bilaxy 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.
Bilaxy | OKX | Kraken | |
Supported coins | 128 | 329 | 278 |
Futures/Perpetual contracts | No | Yes | Yes |
Options | No | Yes | No |
NFTs | No | Yes | Yes |
Bilaxy passive income options vs competitors
We also compared Bilaxy 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
Foundation date | 2018 |
---|---|
Registration address | Hong Kong |
Official site | https://bilaxy.com/ |
Contacts |
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i