No Regulation

Score

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/10

Biconomy

Canada

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.biconomy.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

AAA

Influence Index NO.1

India 7.88

Better than 99.24% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
AAA

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
Biconomy
Phone of the company
--
Company website
More
Customer Service Email Address
support@biconomy.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-15

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

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 228.308m

$ 228.308m

30.84%

$ 219.632m

$ 219.632m

29.67%

$ 12.003m

$ 12.003m

1.62%

$ 10.45m

$ 10.45m

1.41%

$ 10.43m

$ 10.43m

1.4%

$ 10.261m

$ 10.261m

1.38%

$ 10.062m

$ 10.062m

1.35%

$ 8.995m

$ 8.995m

1.21%

$ 8.706m

$ 8.706m

1.17%

$ 8.547m

$ 8.547m

1.15%

$ 7.958m

$ 7.958m

1.07%

$ 7.949m

$ 7.949m

1.07%

$ 7.725m

$ 7.725m

1.04%

$ 7.672m

$ 7.672m

1.03%

$ 7.499m

$ 7.499m

1.01%

User Reviews

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13 ratings

Participate in evaluation
biconomy诈骗平台
Biconomy cannot withdraw cash, the account is locked. The contact platform has always been answered by a robot, and no one has dealt with it. After understanding, I found out that this is a scam platform. Lose a few hundred dollars.
2023-08-24 09:39
5
Dash Chai
Biconomy's trading interface is really clear and concise, and the operation is very smooth. That's why I love using it, is because the user experience is so well designed.
2023-11-02 19:25
8
devin522
Comprehensive and timely market data, quickly help analyze market trends and changes, excellent.
2024-03-27 19:37
9
ijhihh
Since 19 years of use, the exchange has always been very reliable, and problem-solving is very prompt. In 19 years, I made a few big gains in meme coins on Biconomy, SHIB and DOGE. In 24 years, the bull market is coming again, and this time I hope to find a few good hundredfold coins on Biconomy. Wishing the exchange to become stronger and stronger.
2024-03-27 19:30
1
Alex6946
Since 2019, the exchange has been very reliable, solving problems very quickly. In 2019, I made a few big gains on meme coins like SHIB and DOGE on Biconomy. Now, in the bull market of 2024, I hope to find some good hundredfold coins on Biconomy again. I wish the exchange to become stronger and stronger.
2024-03-09 11:40
8
加密爱好者
It feels okay, not as ugly as others say. I bought 30,000 U AR tokens in December last year, and now it has risen by more than 30. I sold it a few days ago, didn't notice this kind of thing, but the liquidity is pretty good.
2024-03-08 20:54
4
Yim Yim
Biconomy is a scam.Do not trade with Biconomy, you will lose money.I just deposited CRV into Biconomy and sold USDT. And they said I did something illegal. All CRVs I bought at 1Inch.The CEO and Telegram discussion group also blocked me. So sad.
2022-07-21 16:56
1
Yim Yim
I deposited into Biconomy some CRVs worth about $6000 on June 28, 2022, then I sold them for USDT and submitted a withdrawal request, but Biconomy refused. They told me I did something illegal. =))) All the CRV I bought at 1Inch and deposited in Biconomy, is that illegal? I have contact with the CEO, he also blocked me.The telegram discussion group also blocked me after I said I would make a FUD about Biconomy stealing my money. =))) Do not trade with Biconomy, you will lose your money. I don't know how to get my money back. So sad.
2022-07-21 16:41
1
沙漠64490
In the capital disk, the exchange tokens fell and disappeared soon.
2022-02-24 12:30
2
沙漠64490
Junk exchange, money making company
2022-02-24 12:29
1
沙漠64490
Junk exchange, money making company
2022-02-24 12:29
1
九月二十一
Funds, run as soon as possible. The exchange asked customer service for help and was kicked. Not only one or two, but many people, have formed a group. The high-ranking call for the leek to take over the order is really good. I sent one coin after another to make money. Sooner or later, the whole family will die. At the very least, the dog will run away. If a jkt gets the current 100,000 yuan from scratch, I will give you more than 300 yuan left, lol Who would believe that a dead person is not making money in the name of the platform? I noticed that the domain name expired in June, and there were no photos of the on-site inspection. From last year, I told investors to show the company photos to see this year. The time for a few new coins to be launched has passed, and they still cannot be traded. Is there a technical problem or something else? Up to now, Chinese management still has dozens of times of profit. The administrator who said that he bought hundreds of thousands of jkt actually only has one bit wallet, and other managers dare not even send addresses. At present, there is no difference between this coin and the air coin. There is no lack of a group of XX who have been brainwashed successfully. Sooner or later, when they lose everything, they hope to be able to think about it. Kindly remind that the discussion will be kicked. Anything about the exchange is not good. Any remarks will be kicked out of the group chat, so far only running the road has done this.
2022-01-30 20:48
1
九月二十一
get something from nothing. Investing under 10000U. Bsc chain is only 300U at the beginning. Good. The trading volumn is also fake. The openning date was not ptovided for playing new coin. Wait every day. Open on the first season of 2023. LOL
2022-01-17 11:21
1
⭐Features Details
⭐Exchange Name Biconomy
⭐Founded in 2021
⭐Registered in Singapore
⭐Cryoptocurrencies 100+
⭐Trading Fees 0.3% for takers, 0.2% for makers.
⭐24-hour trading volume $100 million
⭐Customer Support Email, Live Chat,Community Support

What is Biconomy?

Biconomy, a decentralized exchange (DEX) established in 2021 and based in Singapore, offers 100+ cryptocurrencies. With a $100 million daily trading volume, the exchange charges takers 0.3% and makers 0.2% in trading fees.

basic-info

Pros and cons

Biconomy excels in these areas:

  • Decentralized exchange: Biconomy is a decentralized exchange, which means that it is not subject to the control of any central authority. This makes it more secure and resistant to hacking attacks.

  • Low trading fees: Biconomy's trading fees are relatively low, making it a cost-effective way to trade cryptocurrencies.

  • Mobile App offered: offering a standalone mobile app for trading on-the-go.

  • Supports multiple blockchains: Biconomy supports multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom. This makes it a versatile exchange that can be used to trade a wide variety of cryptocurrencies.

  • Available in multiple languages: Biconomy is available in multiple languages, making it accessible to a wider range of users.

Biconomy lacks these areas:

  • Not as well-known as some other exchanges: Biconomy is a relatively new exchange, so it is not as well-known as some other exchanges. This could make it more difficult to get support if you encounter any problems.

  • Customer support can be slow: Some users have reported that customer support can be slow at times. This could be a problem if you need help with a problem quickly.

  • Some users have reported withdrawal delays: Some users have reported that withdrawals have been delayed on Biconomy. This is a potential problem, but it is important to note that it is not a common occurrence.

  • Still under development: Biconomy is still under development, so there may be some bugs or other issues.

  • Not regulated: Biconomy is not regulated by any financial authority. This means that there is no guarantee that your funds are safe if something goes wrong.

Pros Cons
Decentralized exchange Not as famous
Low trading fees Slow customer support
Mobile App offered Withdrawal delays:
Supports multiple blockchains Not well-known
Available in multiple languages Still under development
Not regulated

Regulatory Authority

Biconomy operates without being monitored by any regulatory authority. This lack of oversight can lead to risks like fraud and market manipulation. Traders considering BitForex should be cautious about the potential dangers of using an unregulated exchange.

regulation

Security

  • Cold storage: The majority of BitForex's cryptocurrency holdings are stored in cold storage, which means they are offline and not connected to the internet. This makes them much less vulnerable to hacking attacks.

  • Multi-factor authentication (MFA): All users are required to enable MFA, which requires them to enter a code from their phone in addition to their password when logging in. This adds an extra layer of security to prevent unauthorized access to accounts.

Cryptocurrencies Available

Biconomy currently lists over 100 cryptocurrencies. The exchange has a relatively fast coin listing speed, with new coins being added on a regular basis. The exchange has a team of experts who are constantly reviewing new projects and assessing their potential for listing. If a project meets Biconomy's listing criteria, it can be listed on the exchange within a few weeks.

Here is the list of the top 7 popular coins listed on the Biconomy exchange:

products

How to open an account?

  • Go to the Biconomy website and click on the “Sign Up” button.

  • open-account
    • Enter your email address and create a password.

    • open-account
      • Click on the “Create Account” button.

      • You will receive an email from Biconomy with a verification link. Click on the verification link to verify your email address.

      • Once your email address has been verified, you can log in to your Biconomy account.

      • Trading Fees

        Biconomy charges lower fees for futures trading with maker fees at 0.04% and taker fees at 0.06%. For spot trading, both makers and takers pay 0.2% fees.

        Maker Fees Taker Fees
        Futures 0.04% 0.06%
        Spot 0.20% 0.20%

        Deposit and Withdrawal

        Biconomy offers multiple ways to deposit funds: wire transfer, debit card, or existing cryptocurrency assets. Deposits incur no fees. Biconomy charges varying withdrawal fees for different cryptocurrencies. For instance, BTC withdrawals cost 0.0005 BTC, while USDT and USDC withdrawals cost 1 USDT and 30 USDC respectively. ETH withdrawals require 0.018 ETH, and BIT withdrawals have a fee of 40,000 BIT plus 6%. Additionally, ADA withdrawals cost 3 ADA, TRX withdrawals cost 15 TRX, and XRP withdrawals cost 5 XRP.

        deposit-withdrawal

        You can check the detailed withdrawal info here: https://biconomy.zendesk.com/hc/en-us/articles/14841047292697.

        Customer Support

        Biconomy provides customer support via email, live chat, and a community support platform.

        customer-support

        Is Biconomy a Good Exchange for You?

        Biconomy may be a good exchange for traders in the following types:

        Traders who pursue low trading fees.

        Traders are used to mobile trading.

        Traders who don't care about establishment but want more coins for trading.

        Compare with other exchanegs

        Features
        brand
        brand
        brand
        brand
        Trading Fees 0.2% for maker and taker Maker: 0.04%, Taker: 0.075% Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% Up to 0.40% maker fee and up to 0.60% for taker fee
        Cryptocurrencies 100+ 500+ 11 200+
        Regulation Not regulated Regulated by NMLS, MAS/FinCEN (Exceeded) Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

        Conclusion

        To sum up, Biconomy, a decentralized exchange, offers low fees but lacks fame and regulation. It supports multiple blockchains but faces customer support and development challenges. Now, it is your turn to decide whether to use this echange or not.

        FAQs

        Q: What cryptocurrencies are available for trading on Biconomy?

        A: Biconomy offers traders a wide range of over 100 cryptocurrencies for trading.

        Q: Are there any fees for trading on Biconomy?

        A: Biconomy's specific trading fees, including maker fees and taker fees, are not provided in the available information. Traders are advised to refer to the platform's fee structure for accurate and up-to-date information.

        Q: What payment methods are supported by Biconomy?

        A: Biconomy supports payment methods such as bank transfers and credit/debit cards.

        Q: How can I contact Biconomy's customer support?

        A: Biconomy provides customer support through email and live chat channels.

        Q: Is Biconomy suitable for beginner traders?

        A: Biconomy's user-friendly interface and simple trading process make it potentially suitable for novice traders.

        Q: Can experienced traders benefit from using Biconomy?

        A: Yes, experienced traders may find Biconomy appealing due to its wide selection of trading options, order types, and diverse range of cryptocurrencies.

        Q: What are the advantages of using Biconomy?

        A: Biconomy offers advantages such as a wide selection of cryptocurrencies, low transaction fees, a user-friendly trading process, and various trading options and order types.

        Q: Are there any disadvantages to using Biconomy?

        A: Some disadvantages of using Biconomy include the lack of regulatory oversight, limited wallet options, unspecified privacy protection measures, and relatively low recognition compared to other exchanges.

        User Review

        User 1: I've been using Biconomy for a few months now and I have to say, I'm quite impressed with the security measures they have in place. The two-factor authentication and the option to set up a withdrawal whitelist add an extra layer of protection to my account. The interface is also very intuitive and easy to navigate, making it a breeze to execute trades. However, I did have some issues with the liquidity of certain cryptocurrencies I wanted to trade. It would be great if they could improve on that aspect. Overall, a solid crypto exchange with great customer support.

        User 2: Biconomy is a decent crypto exchange with a good selection of cryptocurrencies to choose from. I appreciate the low transaction fees, especially for frequent traders like myself. The customer support team is responsive and helpful, which is a huge plus. However, I do have concerns about the lack of regulatory oversight and the limited options for wallets. It would be great if they could address these issues to provide users with more peace of mind. The deposit and withdrawal speed could also be improved as it can take a bit longer than expected. Nonetheless, a reliable platform for trading cryptocurrencies.

        Risk Warning

        Cryptocurrency trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.