Bilaxy Review 2024
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
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 3.48 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%.
- 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 |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies and tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders 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).
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Commissions & Fees
The amount of the commission does not depend on the trading volume and most other factors. It can be reduced in only two ways. The first way was described a little earlier, which is rebates from Traders Union. The second way is to purchase a BIA token. This token can be used to cover trading fees. You have the opportunity to reduce the amount of the commission using a BIA token after receiving a 50% discount. That is, if you use BIA, the fee is not 0.2%, but 0.1%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | up to 0.2% per order | Yes |
Please note that if the order for the transaction is not executed for some reason, you will be refunded the full amount of the transaction, including the commission. Also, keep in mind that there are minimum transaction amounts for each asset (this data is available in the trading terminal).
Bilaxy does not charge deposit fees. But there are commissions for withdrawals. They depend on the asset, the withdrawal volume, and the state of the market. These commissions are not displayed in the “Fee” section of the website, which provides information on other commissions. The amount of the fee will be shown only when making a withdrawal request.
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Bilaxy crypto exchange does not offer investment solutions. There are no staking, crypto mining, or other popular options on this platform that allow users to passively earn income. The exchange is designed for active trading. The only way to earn extra money is through the referral program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bilaxy’s affiliate program:
The Bilaxy crypto exchange offers a single-tier referral program. Any user who has registered with the platform and verified (confirmed personal data) can take part in it. No additional action is required, just go to the “Referral Bonus” section, where a personal referral link will be available.
The referral link can be placed on any site without restrictions. Each user who registers and verifies with the exchange, following your link, becomes your referral (partner). The referral brings you a profit equal to a fixed percentage of commissions on all of your partner’s trades, and it doesn’t matter if he uses BIA to get a discount.
You can receive from 10% to 40% of the commission fee of each referral. The indicator depends on two factors: how many referrals you have and what the partner’s trading activity is. The more partners you have and the more trading activity they generate, the greater your profits are. Please note that there is no limit on the number of referrals. You can invite an unlimited number of users to the platform, they become your partners without the limit in time. That is, they will bring you profit for as long as they trade on the platform.
Note: Because the program is single-level, You will not receive profit from commissions of users who were invited to the platform by your partners.
User Satisfaction