Biconomy Crypto Exchange Review: It Is Good Or Bad?

About Biconomy

Biconomy is a cryptocurrency exchange platform that provides global cryptocurrency trading services for a number of digital assets. They believe in the ideology behind blockchain suggesting that technologies based on distributed ledger systems can help build foundational human trust, enhance transaction efficiency and have a positive influence on social and economic well-being.

Biconomy Crypto Exchange is a cryptocurrency exchange registered in Canada and it has been up and running since 1 October 2019.  As main advantages with the platform, Biconomy promotes that it is simple, secure and reliable. These three advantages should be important to any prospective users of a new crypto exchange platform. As an example of how it is secure, Biconomy mentions that they store 98% of their users assets in cold storage. This is definitely an acceptable level of cold vs. hot storage.

Biconomy Exchange Basic Points

How To Start ?

How To Sign Up At Biconomy Exchange ?

It Is Very Easy To Sign Up At Biconomy Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Biconomy Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Biconomy Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Biconomy Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

At Biconomy Crypto Exchange ,the standard trading fees are 0.20% for takers and the same (i.e., no discount) for makers. 0.20% is in line with, or even slightly below, the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. According to the latest empirical study on the subject, the industry average taker fees were 0.217% and the industry average maker fees were 0.164% (for spot trading).

Biconomy Withdrawal fees

They have not been able to find any information on this exchange’s withdrawal fees. This is potentially a risk for you as an investor. Whenever an exchange does not inform of a fee, there is a higher risk that such fee is high. As soon as they receive information on the withdrawal fees at Biconomy, they will update this review and post them here.

Deposit Methods

Biconomy lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, and also by just depositing existing cryptocurrency assets. Seeing as fiat currency deposits are possible at this trading platform, Biconomy qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Values

They believe in the power of strong culture and firm values.

Performance

They think that strong performance is our core competence and that it should never be sacrificed.

Transparency

They believe that they can build a trustworthy environment only through open processes and clear communication.

Growth

Biconomy Crypto Exchange believe in hard work and continuous development, so we do our best to move forward quickly.

Support

They support not only clients but also partners and team members believing in the power of collaboration.

Create a portfolio of digital assets today

Biconomy Crypto Exchange have strong presence in North America, Southeast Asia, Eastern and Western Europe and Latin America. The offices are located in Canada, USA, China, Korea, Japan, Russia and across western Europe.

Manage your portfolio

Buy and sell popular digital currencies, keep track of them in the one place.

Learn about crypto trading

Invest in cryptocurrency slowly over time by scheduling daily, weekly, or monthly.

Buy with credit card

Thanks to partnership with ADVcash you can buy crypto directly with your credit card.

Mobile apps

Stay on top of the markets with the Biconomy app for Android or iOS.

Why Choose Biconomy

Top Exchange Platform

They are a leader in terms of real daily trading volume. With our licenses in the US and Canadian markets they sere a diverse market.

Top Coins Available

They list only top coins and carefully evaluated projects. Providing our customers access to only reliable assets is crucial for us.

Top Business Services

Biconomy Crypto Exchange provide comprehensive pre- and post- listing services with our dedicated team support and accelerator program.

Optimized User Experience

They have created a streamlined buying and selling experience with low rates. We understand users’ needs and wants.

Secure Trading Platform

They have a multi-tier and multi-cluster system architecture with 98% assets in cold storage.

Reliable Customer Support

They offer 24/7 dedicated support and trading assistance to all our clients. Our client’s satisfaction is top priority.