Review of the Bilaxy Cryptocurrency Exchange
The Bilaxy exchange provides tools for trading digital assets. Launched in 2017, the platform underwent beta testing in April 2018 and became popular among traders worldwide. The official website is available at bilaxy.com, but it does not have a Russian version, supporting only Chinese and English languages. In this review, we will look at the features of the Bilaxy cryptocurrency exchange and examine client opinions.
Creating an Account on Bilaxy
To register on Bilaxy, go to the “Sign Up” section and fill in the necessary information. After receiving the confirmation code in your email, activate your account, if needed, by entering a referral code. The registration process takes minimal time, as noted by many users.
Verification on the Bilaxy Site
Complete the verification process if you plan to trade large sums. Enter your details, upload documents, and take a selfie with your passport. After submitting the information, await verification, which typically takes 24 hours.
Depositing Funds on Bilaxy
To deposit funds into your Bilaxy wallet, select the “Deposits” tab and follow the instructions for transferring your chosen cryptocurrency. Once the transaction is confirmed, the funds will be credited to your account.
Offerings on Bilaxy
Bilaxy offers over 150 trading pairs, with the majority traded against Ethereum. The trading fee is 0.1%, which is below the market average. Additionally, the platform has its token called BIA, which users can earn for various actions on the exchange.
Trading Platform on Bilaxy
The platform interface is user-friendly and contains numerous tools for technical analysis. Orders to buy/sell can only be placed at a limit price.
Security Measures on Bilaxy
Bilaxy offers two-factor authentication to ensure the security of your account. Users are also required to set a special password for trading and fund withdrawals.
Withdrawing Funds from your Bilaxy Account
To withdraw funds, go to the “Withdrawals” section and fill out the form with the required information. After the blockchain network verifies the transaction, the funds will be deposited into your account.
User Reviews of Bilaxy
Reviews of Bilaxy are mostly positive, with users noting the wide variety of available coins, transaction speed, and high level of security. The lack of Russian localization and mandatory verification is seen as a drawback.
Advantages and Disadvantages of Bilaxy
Advantages:
- Wide range of digital coins;
- Fast platform performance;
- Convenient interface;
- High level of security;
- Exchange token BIA.
Disadvantages:
- Lack of Russian language support;
- Need for verification.
The Bilaxy cryptocurrency exchange offers a convenient service for trading digital assets. The company focuses on security and cryptocurrency selection, though regulatory compliance could enhance trust in the platform.
Author: Pavel Nekhoroshkov
Also Read: Professional Review of the Bitonic Cryptocurrency Exchange: Real Traders’ Feedback.
