User Reviews of the Bynex Platform in 2023
Trading digital currencies is one of the directions that can bring significant income. However, it is especially important to choose reliable exchanges to avoid unpleasant situations. Bynex claims to be such a company, but numerous negative reviews make one think. By analyzing the platform’s activities, conclusions can be drawn about the risks that clients face.
Information about Bynex
According to the provided data, Bynex is a Belarusian cryptocurrency exchange that started its operations in 2020. The official website bynex.io was created in 2019, and reviews began to appear only in early 2023, with subsequent domain updates. News from the end of 2022 can be found on the platform. According to reviews, the company is suspicious in its activities, and many users express dissatisfaction with this. Without accessible information about the creators and employees, Bynex raises serious doubts.
According to official information, the parent company of Bynex is “ERPBEL,” registered in 2007. However, the company’s activities in providing services for trading digital currencies are not licensed, raising several questions.
It is worth noting that the absence of the Bynex platform on CoinMarketCap may also raise concerns among potential clients.
Terms of Cooperation
Bynex offers the following services:
- trading digital currencies and exchange (over 30 pairs);
- equal commissions for makers and takers (0.25%);
- account funding from a cryptocurrency wallet or bank card;
- an affiliate program with up to 45% commission reward from referrals’ fees;
- an investment program with the possibility of passive income;
- the ability to download the platform on PC or use the mobile application.
Bynex also offers its token BYN, which, however, is not listed on CoinMarketCap.
User Reviews
According to users, many traders express dissatisfaction with working with Bynex. Complaints relate to high fees and withdrawal issues.
Analysis of the Scam Scheme
According to the provided data, scammers operate by attracting newcomers and promising them easy earnings. However, after investing funds, problems arise with withdrawing money. Scammers demand multiple identity verifications to ultimately block the user’s account and disappear with their funds.
Conclusion
Considering the available information, we recommend approaching cooperation with Bynex cautiously. Despite certain data and registration, numerous reviews indicate possible risks. Be vigilant and warn all interested parties about potential dangers!
Despite my initial expectations, I am utterly disappointed with Bynex’s performance in 2023 due to their unresponsive customer service and poor management of my portfolio.