Binaryx cryptocurrency exchange review: independent overview and feedback
The cryptocurrency market today is a loosely regulated environment actively exploited by fraudsters in the financial sector. They seek to create the appearance of licensed activity to gain traders’ trust and steal their funds. One such platform is Binaryx. Currently, there is almost no expert information or reviews about this crypto exchange online, raising serious doubts and suspicions about the hidden motives of the platform’s creators and the risks associated with its use.
Studying the Facts about Binaryx Company
The appearance of the Binaryx website raises doubts and does not inspire confidence. According to specialized resources, its cost is estimated at 300-400 rubles. This impression does not correspond to the level of a reliable exchange claiming registration in the European Union and possessing a license. binaryx.com suffers not only from a lack of design style but also from informational content. The textual content on the site lacks specifics, figures, or reliability confirmations, reinforcing suspicions of the hidden intentions of the creators of this “scam project.”
Upon analysis, we found that the domain binaryx.com was registered back in 2008 when cryptocurrencies were virtually unknown. It is likely that scammers acquired a long-standing website and adapted it for their purposes, a common practice among financial fraudsters.
According to the provided data, the Binaryx exchange is managed by OÜ Binaryx from Estonia, registered at the end of the previous year (certificate number – 14819844). Although such a company is listed in the public registry of legal entities in the country, its authorized capital is only 12 thousand euros, falling short of the standards of a reputable and reliable exchange.
The authors of Binaryx claim to engage in licensed activities; however, our analysis revealed that this does not align with reality. The Estonian regulatory authority FINANTSINSPEKTSIOON’s registry does not mention the cryptocurrency exchange Binaryx.
The licenses listed on the website (FRK001131, FVR001247) were issued by the Police and Border Guard Board. They only grant the right to basic cryptocurrency operations, which does not match the status of a modern exchange. Interacting with this platform poses serious risks to your financial well-being.
Furthermore, upon more detailed analysis of the license information, it was discovered that the documents presented by Binaryx expired back in August. This only heightens our doubts about the organization’s honesty, confirming its non-compliance with the law at the time of writing this review.
Analysis of Binaryx Contact Information
In addition to claims of openness and transparency, the Binaryx website lacks a section with contact information. There is no page with company information. For feedback or questions, users are forced to reach out only through social media. The company has communities on Facebook, Instagram, Twitter, Telegram, LinkedIn, but the number of followers is insignificant, and the activity is minimal.
The absence of phone support, online chat, or email from a company aiming for long-term operations and international expansion is also surprising. It indicates a reluctance to engage with users, preferring one-way communication. Scammers likely use temporary numbers for communication.
Registration Process on Binaryx
The registration structure on the Binaryx platform is designed to simplify the process for users. Currently, there are almost no reviews of working with this crypto exchange, likely due to the minimal complexity of registration. Registration does not require passport data or credit card information since scammers are primarily interested in receiving funds from users. Authorization on the platform is available via email or social media.
Trading Opportunities on Binaryx
The Binaryx crypto exchange is an imitation of trading, creating an illusion for users…