Bilaxy crypto exchange is a digital asset trading platform that was created in the Republic of Seychelles and went live at the beginning of 2018. It caters to traders from all around the world and works in more than 80 countries.
The platform employs a KYC verification process to ensure that all its users are legitimate traders and do not engage in fraudulent activities. Users must sign up with their personal information and verify their identity using government-issued identification documents before gaining access to the full features of the platform.
Markets
The exchange offers an extensive selection of Bilaxy trading pairs, including nearly 1,000 in total. This number is composed of 300 USDT pairs, 300 ETH pairs, 4 BTC pairs, and 150 BNB pairs. Additionally, it has a broad range of stablecoins for fiat currency transactions. The Bilaxy spot trading option is available for users to trade with. However it does not support margin or futures trading.
The Bilaxy exchange fees for maker and taker trades is 0.25%. Besides, you can enjoy 50% off trading fees if you pay in BIA tokens (Bilaxy’s utility token). The BIA token can be purchased on the Bilaxy exchange like any other digital currency. When it comes to withdrawals, the Bilaxy crypto price charged depends on the blockchain the user wishes to use. This means that the price paid for BTC withdrawals will not be the same price paid for ETH withdrawals.
The BIA token is the native utility token of the Bilaxy crypto exchange. The maximum supply of the token is capped at 2 billion BIA. From time to time, the platform uses revenue generated by the exchange to buy back some of the tokens and burn them to increase their value. Holders of the token get voting rights on decisions that affect the platform. Furthermore, they get the privilege of enjoying and using new apps and features before other users.
Bilaxy crypto exchange trading referral program is a straightforward way for users to generate rewards through the trades of other people. Depending on the amount of BIA token you own, you will be given rewards at three different tiers.
About the Company
Bilaxy cryptocurrency exchange was founded in 2018 with its base in Hong Kong, China. Details about the founders and the team behind the project are scarce online. It is, however, stated that the team is made up of seasoned professionals in the finance, cryptocurrency, and blockchain industry.
On the 28th of August, 2021, the Bilaxy crypto exchange suffered a security breach after a hacker identified a weakness on the front end of their system. The hacker stole up to $21 million from the platform during the hack using over 300 different assets. The platform was shut down for a while in order to move some of the assets to cold storage. Normal service has since returned to the platform after that unfortunate incident.
The Bilaxy trade volume in February 2023 was roughly $30,5 million. However, take a look above to see the current Bilaxy volume.
