China
|2-5 years
Suspicious Regulatory License|
Medium potential risk
https://binfinity.io/
Website
It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
Website
Genealogy
Social Media
Trade Type
Keywords
Time Machine
White Paper
Related Software
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https://binfinity.io/
https://twitter.com/binfinity_io
https://www.facebook.com/binfinityag/
support@binfinity.io
Aspect | Details |
Company Name | BINFINITY |
Registered Country/Area | China |
Founded Year | 2-5 years ago |
Regulation | Unregulated |
Cryptocurrencies Available | Bitcoin (BTC) and Binfinity Coin (BFC) |
Trading Fees | Range from 0.06%- 0.2% |
Payment Method | Bank transfers and credit cards |
Customer Support | support@binfinity.io |
BINFINITY is a cryptocurrency exchange based in China, founded within the last 2-5 years. It offers a limited range of cryptocurrencies primary including Bitcoin (BTC) and Binfinity Coin (BFC) for trading, with competitive fees starting as low as 0.06%.
Traders benefit from discounts when settling fees in Binfinity Coin (BFC). The platform emphasizes transparency with a clear fee schedule and offers referral rewards.
However, BINFINITY operates without regulatory oversight, which may impact user confidence regarding investor protection and operational standards.
Pros | Cons |
Competitive fee structure as low as 0.06% | Limited range of cryptocurrencies |
Discounts for BFC settlement | No mobile platform |
Transparent fee schedule | Lack of regulatory oversight |
Referral rewards | Limited deposit methods |
Pros:
Cons:
BINFINITYis unregulated. This absence of supervision can lead to potential risks such as insufficient investor protection, unclear operational standards, and increased susceptibility to fraudulent activities. Investors face heightened uncertainties regarding the safety of their investments and the reliability of BINFINITY's operations.
BINFINITY implies advanced encryption protocols to protect sensitive information from unauthorized access or breaches. Additionally, BINFINITY employs stringent authentication procedures such as multi-factor authentication (MFA) to verify user identities and prevent account compromise.
BINFINITY offers a limited selection of cryptocurrencies for trading, prominently featuring Bitcoin (BTC) and its native token, Binfinity Coin (BFC).
Binfinity Coin (BFC) operates as an ERC-20 utility token with a maximum total supply of 300 million BFC, ensuring scarcity and potential value appreciation. While BTC remains a cornerstone for many traders due to its market dominance and liquidity, BFC's utility within the BINFINITY ecosystem adds a unique dimension, potentially influencing its adoption and value dynamics.
BINFINITY implements a tiered trading fee structure based on monthly trade volumes.
Fees start at 0.20% for volumes up to $1 million and decrease with higher volumes, reaching as low as 0.06% for trades exceeding $500 million.
Clients can further reduce fees by 50% when settling in Binfinity Coin (BFC), providing incentives for using the platform's native token. For instance, at the highest volume tier ($500+ million), the fee drops to 0.06%, and settling in BFC reduces it to 0.03%.
BINFINITY supports payment methods such as bank transfers and credit cards for funding accounts. These options provide flexibility and convenience for users to deposit funds securely into their trading accounts, facilitating easy transactions and accessibility to the platform's services.
BFC Membership offers tiers based on the amount of BFC held, granting holders various benefits. At higher levels like Platinum and Black, members receive up to 40% of trading fees paid by users they refer. This incentivizes larger BFC holdings and active participation in BINFINITY's ecosystem.
BINFINITY is the best exchange for active traders seeking low-cost transactions. With its tiered fee structure and discounts for settling fees in BFC, BINFINITY appeals to traders looking to minimize trading costs while accessing a variety of cryptocurrencies and potential referral rewards.
BINFINITY may appeal to the following target groups:
BINFINITY provides customer support primarily through email at support@binfinity.io. This contact method allows users to reach out for assistance with account-related inquiries, technical issues, and general platform support.
How low can trading fees go on BINFINITY?
BINFINITY offers competitive trading fees starting as low as 0.06% for high-volume traders, depending on the tier and settlement method.
What cryptocurrencies can be traded on BINFINITY?
BINFINITY supports a limited range of cryptocurrencies, including major assets like Bitcoin (BTC) and its native token, Binfinity Coin (BFC).
Is there a discount for settling fees with Binfinity Coin (BFC)?
Yes, traders can enjoy a 50% discount on trading fees by settling them in BFC, encouraging the use of the platform's native token.
Is BINFINITY regulated?
No, BINFINITY currently operates without regulatory oversight, which may affect user perceptions regarding security and compliance.
How can users contact BINFINITY's customer support?
Users can reach BINFINITY's customer support primarily through email at support@binfinity.io for assistance with account-related queries and technical support.
Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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