Verified OGs
8
CryptoFam
90
Projects
19287
BTC
$81410
2.97%
ETH
$3175.23
-0.26%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
2.955T
Fear&Greed
78
Biconomy
Year of Foundation: 2019
Jurisdiction:
Founder/CEO: Ahmed Al-Balaghi
Listed Coins:
Derivatives:
Exchange Token:
Reserve Report:

OG Score

Based on 0 OG evaluation

TBA

...
Biconomy 24h Volume $1.170 B
24h - N/A
7d - -0.78

LINKS

OGAudit Evaluation Points

N/A
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SECURITY

SECURITY

Security is a top priority for a crypto exchance. Does this exchange have advanced security measurements in place? Has this exchange experienced any serious hacks in the past in terms of user data and crypto theft? If so, were the victims adequately compensated? Can you confidently entrust a substential amount of crypto to this exchange?
N/A
LIQUDITY

LIQUDITY

Is there sufficient liquidity in most pairs compared to the other CEX and DEX? Do you encounter unfair price slippage or scam wicks during medium sized trades, if so how often? Is the order book manipulated by bots? Do you experience a seamless trading where limit, market, and stop orders function properly on both spot and derivatives market?
N/A
CUSTOMER SUPPORT

CUSTOMER SUPPORT

Is the FAQ and help page detailed and easy to navigate? How quickly can you connect with a live support agent? Are the agents helpful, competent, and able to provide effective solutions? Are you satisfied with the overall process and outcome?
N/A
RESERVES & AUDITS

RESERVES, AUDIT REPORTS

Does the exchange publish proof of reserves regularly? Are there suspiciously frequent large movements in reserves? Are wallets and direct links provided as on-chain evidence for user discretion? Is the exchange audited by independent organizations, and are the reports published transparently?
N/A
JURISDICTION

JURISDICTION

Does the exchange obtain all necessary permissions from the authorities in its operating country, and are these approval documents shared with users? Is the company headquartered in a major country of law or overseas? Considering these factors, do you believe that the legal regulations of the country can adequately protect you as a user in the event of a serious dispute?
N/A
INSURANCE

INSURANCE

While we are aware that no online platform is 100% secure, including centralized exchanges, does the exchange have insurance funds ready to deploy in case of a crypto hack?
N/A
FEES & COMISSIONS

FEES / COMISSIONS

Are the actual fees and commissions as low as advertised? This includes spot and futures trading fees, deposit/withdrawal fees, margin borrowing commissions, and other product and service costs. Compare them with fees on other exchanges.
N/A
SCAM PROOF

SCAM PROOF

Do you believe they carefully evaluate projects before listing them? Do they provide comprehensive information, including project links and tokenomics, for users to DYOR easily? Are there clear warnings about high-risk, volatile crypto? Have there been instances of projects being rug-pulled after listing or being delisted for arbitrary reasons? The frequent occurrence of such events is one of the main reasons for the low ratings.
N/A
DEPOSIT & WITHDRAWAL

DEPOSIT & WITHDRAWAL SPEED

Are you satisfied with the deposit and withdrawal limits, as well as the speed of crediting and executing transactions? Have you experienced difficulties withdrawing your funds? Can you withdraw and deposit stablecoins using any of the popular L1/L2 networks, or are the options limited? Additionally, do they provide assistance in recovering tokens if you accidentally deposit them into the wrong contract for a reasonable fee?
N/A
EASY TO USE

EASY TO USE

Considering both mobile and browser app experiences, do you find the exchange's app user-friendly, smooth, and visually appealing? Can you easily access the features you need? Has the exchange ever disappointed you during chaotic times? Can you log in and place buy and sell orders, make withdrawals easily when the market is unusually busy?
N/A
N/A
SECURITY

Security

Security is a top priority for a crypto exchance. Does this exchange have advanced security measurements in place? Has this exchange experienced any serious hacks in the past in terms of user data and crypto theft? If so, were the victims adequately compensated? Can you confidently entrust a substential amount of crypto to this exchange?
N/A
LIQUDITY

LIQUDITY

Is there sufficient liquidity in most pairs compared to the other CEX and DEX? Do you encounter unfair price slippage or scam wicks during medium sized trades, if so how often? Is the order book manipulated by bots? Do you experience a seamless trading where limit, market, and stop orders function properly on both spot and derivatives market?
N/A
CUSTOMER SUPPORT

CUSTOMER SUPPORT

Is the FAQ and help page detailed and easy to navigate? How quickly can you connect with a live support agent? Are the agents helpful, competent, and able to provide effective solutions? Are you satisfied with the overall process and outcome?
N/A
RESERVES, AUDITS

RESERVES, AUDIT REPORTS

Does the exchange publish proof of reserves regularly? Are there suspiciously frequent large movements in reserves? Are wallets and direct links provided as on-chain evidence for user discretion? Is the exchange audited by independent organizations, and are the reports published transparently?
N/A
JURISDICTION

JURISDICTION

Does the exchange obtain all necessary permissions from the authorities in its operating country, and are these approval documents shared with users? Is the company headquartered in a major country of law or overseas? Considering these factors, do you believe that the legal regulations of the country can adequately protect you as a user in the event of a serious dispute?
N/A
INSURANCE

INSURANCE

While we are aware that no online platform is 100% secure, including centralized exchanges, does the exchange have insurance funds ready to deploy in case of a crypto hack?
N/A
FEES & COMISSIONS

FEES & COMISSIONS

Are the actual fees and commissions as low as advertised? This includes spot and futures trading fees, deposit/withdrawal fees, margin borrowing commissions, and other product and service costs. Compare them with fees on other exchanges.
N/A
SCAM PROOF

SCAM PROOF

Do you believe they carefully evaluate projects before listing them? Do they provide comprehensive information, including project links and tokenomics, for users to DYOR easily? Are there clear warnings about high-risk, volatile crypto? Have there been instances of projects being rug-pulled after listing or being delisted for arbitrary reasons? The frequent occurrence of such events is one of the main reasons for the low ratings.
N/A
DEPOSIT & WITHDRAWAL

DEPOSIT & WITHDRAWAL SPEED

Are you satisfied with the deposit and withdrawal limits, as well as the speed of crediting and executing transactions? Have you experienced difficulties withdrawing your funds? Can you withdraw and deposit stablecoins using any of the popular L1/L2 networks, or are the options limited? Additionally, do they provide assistance in recovering tokens if you accidentally deposit them into the wrong contract for a reasonable fee?
N/A
EASY TO USE

EASY TO USE

Considering both mobile and browser app experiences, do you find the exchange's app user-friendly, smooth, and visually appealing? Can you easily access the features you need? Has the exchange ever disappointed you during chaotic times? Can you log in and place buy and sell orders, make withdrawals easily when the market is unusually busy?

OG REVIEWS

Latest OG Reviews
NOT YET EVALUATED

Markets

Coin Pair

About Biconomy

What is Biconomy?

Biconomy is a Canadian cryptocurrency exchange that has been operational since October 1, 2019. Known for its simplicity, security, and reliability, Biconomy aims to provide a user-friendly experience for crypto traders.

 

Advantages of Biconomy

Biconomy emphasizes three key advantages: simplicity, security, and reliability. The platform highlights its commitment to security by storing 98% of users' assets in cold storage, ensuring a secure environment for trading.

 

US-Investors and Regulatory Compliance

Unlike many exchanges that restrict US citizens due to regulatory concerns, Biconomy appears to accept US investors. The challenge for foreign exchanges lies in compliance with the Securities Exchange Commission (SEC), and Biconomy seems to navigate this regulatory landscape to accommodate US investors.

 

Mobile Support for On-the-Go Trading

Recognizing the diversity of crypto traders, Biconomy offers mobile applications for both Android and iPhone users. This allows traders to engage in cryptocurrency trading conveniently on their mobile devices.

 

OTC-Services for Large Crypto Portfolios

Biconomy provides Over The Counter (OTC) services, catering to users with significant cryptocurrency portfolios. OTC trading allows for the execution of large trades outside the regular order book, addressing issues related to market impact and thin order books.

 

Trading Fees at Biconomy

Biconomy charges a standard trading fee of 0.20% for both takers and makers. This fee structure is competitive, falling slightly below the global industry averages for centralized exchanges. The industry has historically seen averages around 0.20-0.25%, with emerging trends indicating averages of 0.10%-0.15%.

 

Withdrawal Fees

Unfortunately, information on Biconomy's withdrawal fees is not available at the moment. Investors should be cautious, as the absence of withdrawal fee details may pose a potential risk. Monitoring for updates on withdrawal fees is advised for those considering the platform.

 

Deposit Methods

Biconomy offers multiple deposit methods, including wire transfer, debit card, and cryptocurrency deposits. The inclusion of fiat currency deposits positions Biconomy as an entry-level exchange, welcoming new crypto investors to embark on their journey into the dynamic world of cryptocurrencies.

When was Biconomy established?

EXCHANGE was founded in .

Where is Biconomy located?

Biconomy is based in Canada.

What is the volume of Biconomy?

EXCHANGE has a trading volume of $  in the last 24 hours and $  in the last 7 days.

Is Biconomy safe?

While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.

Which coins can I buy through Biconomy?

You can buy the following tokens/coins on Biconomy: 

What are the listed pairs on Biconomy?

You can trade the following tokens/coins on Biconomy: 

Does have customer support?

Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.

Updates

FAQ

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