Birake Network cryptocurrency exchange was founded in 2018 as a decentralized exchange (DEX) that allows users to create their own individualized White Label exchanges within minutes. It is designed as a one-stop shop for all your crypto needs: from building your own exchange and listing tokens on it to buying/selling cryptocurrencies with other traders or even using its integrated wallet services. With its intuitive user interface, advanced security protocols, and highly customizable options, the Birake crypto exchange has become a renowned platform among both novice and experienced traders alike.
Being a decentralized platform, it has no countries where its services have been restricted. However, it is prudent that you check your country’s laws and regulations about crypto trading and related activities. In terms of KYC requirements, all users must sign up with their personal information and verify their accounts with government-issued identification cards.
Markets
One key feature that sets Birake cryptocurrency exchange apart from other DEXs is its support for multiple blockchains such as Ethereum, Binance Chain (BNB), and more, allowing users to easily switch between different networks when trading or transferring funds. There are over 14 Birake Network trading pairs available for trading on the platform and the major market available is the BTC market.
Additionally, it supports numerous stablecoins and fiat currencies like USDT and EURO which makes it even more convenient for international transactions involving different types of currency pairs. Furthermore, unlike many other DEXs out there which require users to deposit funds first before they can start trading, Birake crypto exchange allows users to begin trading without having any money deposited beforehand – making it much easier for newbies who are just getting started in this space. This is done through their demo trading accounts. The Birake spot trading feature is the only available trading option on the platform as of writing this.
Aside from being easy to use yet powerful enough for professional traders, another major benefit offered by the platform is its low Birake exchange fees compared with those charged by centralized exchanges, meaning more savings for everyone involved. Furthermore, the costs of starting and running your own exchange on the platform are quite affordable. There is a Birake Network price of 0.25 BTC for starting a personalized exchange, and the costs increase accordingly to your needs and requirements. Charges for deposits and withdrawals are not disclosed publicly.
Additionally, Birake offers an array of APIs that allow third parties to access data about markets & prices so they can develop applications based on real-time information provided by the network itself. This further increases Birake's appeal amongst developers & entrepreneurs alike who are looking into creating products and services related to cryptocurrencies and blockchain technology.
The BIR token is the native utility token that powers the ecosystem. It has a maximum supply of 300 million BIR and it is used to pay for creating your own exchange, covering transaction fees, and, as an added benefit, it provides discounts on trading fees to its holders.
About the Company
Birake Network cryptocurrency exchange was launched in 2018 and it is based in Estonia. Following their ICO, the platform developed exchange software compatible with 59 cryptocurrencies through 2019. The first version of the Birake crypto exchange was launched in October 2018, and another version was launched in late 2018. By January 2019, users were able to create personal exchanges. The white-label exchange was launched the same year.
One of the major developers of the project is Theodor Radu. He is listed as a co-founder of the project and he serves as the Chief Marketing Officer of the company. Before starting Birake, he worked as a front-end developer at Philro Agency, a company dedicated to building a competent content management system. Other developers and founders of the project are either anonymous or have since moved on from the project.
As of February 2023, the 24-hour Birake Network trade volume stands at around $24,000. Check out the current Birake Network volume above.
