Verified OGs:
9
CryptoFam:
211
Projects:
25546
BTC:
$118,111
0.15%
ETH:
$3,777.16
1.24%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.94T
Fear&Greed:
74

Biconomy
$663.227 M
OG Score 0
Reviews 0
Biconomy Exchange Logo

Biconomy

Cryptocurrency Exchange
24H Volume
$663.227 M
Markets
274
Foundation
2019
Country
Canada
Token
N/A
Connect:
OG Score
Reviews 0
OG Score Rank #NA
Usability 0 .00
Usability How user-friendly is the platform? Are the trading tools comprehensive? How good is their customer support? Is the platform accessible across different devices?
Insurance 0 .00
Insurance Does the exchange offer insurance for user funds? What is covered under their insurance policy? How reliable is their insurance provider?
Fees 0 .00
Fees How competitive are the trading and withdrawal fees? Are there any hidden charges? Do they offer fee discounts or VIP programs?
Speed 0 .00
Speed How fast is the order execution? What about deposit and withdrawal processing times? Is the platform stable during high traffic?
Liquidity 0 .00
Liquidity How deep is the exchange's liquidity? Are there sufficient trading pairs? How well does the exchange handle large loans?
Security 0 .00
Security How secure is the exchange? Are there robust security measures in place? Has the exchange experienced any major security breaches? How do they handle user funds and data protection?

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About Biconomy

Website
Socials
Year Established 2019
Headquarters Canada
CEO Dmitriy Sheludko
Biconomy.com is a cryptocurrency trading and investment platform where users can easily buy, sell, exchange, and store cryptocurrencies. The platform is intuitive and beginner-friendly, supporting basic crypto transactions, digital wallets, and payments such as SEPA, SWIFT, etc. Established in October 2019, Biconomy.com currently serves over 1 million users and institutions globally, offering access to a wide range of assets and contracts across Spot and crypto derivatives like Futures and Options. The platform also includes features like Demo and Copy Trading, Launchpad projects, Earn and Kickstarter products, an NFT Marketplace, and more.

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.

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.

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.

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Fees
# Listed Coins 240
# Pairs 271
Spot Trading Fees* 0.2% / 0.2%
Futures Trading Fees 0.02% / 0.06%
Margin Trading No
* For the most up-to-date exchange fee information, please visit the official website of the exchange.

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