Today we're going to take a look at the Binaryx exchange. It has become more challenging to find a reliable exchange lately. Indeed, the network is full of scam sites that deceive traders without remorse. At the same time, they hide behind inflated sentences. But there are also young trading platforms with a pretty good reputation, and Binaryx is one of those. The developers describe their project as a reliable exchange with a bunch of goodies. Let's see if this is true.
Content
- What is Binaryx Exchange?
- Advantages
- Registration
- Verification
- Deposits & Withdrawals
- Exchange Trading Fee
- How to Trade on Binaryx
- Fees and Limits
- Withdrawing Funds
- Why Choose Binaryx?
- Is Binaryx Safe?
- Customer Support
- Regulation
- Referral Program
- Afterword
1. What is Binaryx Exchange?
The exchange appeared in September 2019. At this time, it was registered as a virtual currency service and received its license in Estonia. When developing the platform, the founder and the team paid much attention to security. It's the first thing that users pay attention to. Digital currency is gaining more and more popularity; therefore, it needs to be protected more carefully. Taking care of security, a team of programmers, analysts, and SEO specialists developed a website with a well-built structure.
Today, the Binaryx exchange is represented in many social networks. It actively communicates with customers and conducts attractive promotions -contests, holiday tokens offerings, etc. In general, it engages in the life of the crypto community and constantly runs in the crypto circles. But not only this creates the basis for the reputation of the company. The Binaryx exchange has many advantages that are noticeable already at the beginning of cooperation.
2. Advantages
The crypto community is optimistic about the exchange for several reasons:
- An attractive interface of the website. Users note the convenience of using the resource, access the main sections quickly, and their intuitive location.
- Access to the most popular tokens. It allows you to find everything you need within one exchange and quickly carry it out to exchange, sell, or purchase coins.
- Security of customer data and funds. The exchange team pays great attention to the platform's security; therefore, they develop and apply modern cyber technologies to protect information and assets.
- User training. Within the exchange framework, there is an Academy where everyone can take courses on working with crypto coins and learn crypto trading from scratch. While studying at the Academy, you can talk to experienced traders.
- Prompt reaction of the technical support. If you have any questions, you can get help 24/7.
- The exchange team is open to dialogue. Any user can chat with the exchange staff. It is easy to find team members on social networks, write to them, ask about their interests, or share your wishes and suggestions.
All this provides ample opportunities for customers and increases their loyalty to Binaryx.
3. Registration
To create an account on the Binaryx website, you need to enter your e-mail address and come up with a login and password, which will be used to enter the site in the future. You can also register using your accounts on popular social networks (Facebook, Twitter, or Google). Next, you need to pass verification - enter primary data about yourself and confirm them with documents.
When registering, it's essential to note that only actual data must be entered. Otherwise, the account will be blocked, and verification will be impossible. Without verification, you won't be able to access the full functionality on the website.
4. Verification
Verification on the exchange involves two stages - basic and advanced. The first stage includes filling in the form with a detailed indication of all the necessary data.
The extended stage requires the provision of a passport, foreign passport, or driver's license, and a selfie with a document and confirmation of the client's address. Bank statements, utility bills, can also be used as confirmation. All personal data, including photos, is not transferred to third parties and is protected by the exchange's security systems.
5. Deposits & Withdrawals
Binaryx exchange allows you to deposit crypto or fiat. To do this, open the "Wallet" section on the panel at the top of the screen in your account. Next, click the "Deposit" button opposite the name of the currency you are interested in. You can also and enter the name of the crypto coin and select a name from the drop-down list.
After that, you need to copy the address from which the funds will be transferred (or bank card details for fiat).
Attention! To deposit to your Ripple (XRP) account, you must enter the correct deposit address and fill in the "XRP Tag" field. Therefore, for a successful deposit, check the spelling of the tag and the address of the deposit. This data must be copied and pasted from the service, from where the tokens will be displayed.
After a successful deposit, you can go to the "Wallets" menu and select the "Transaction history" item to view the details and status of the deposit.
Withdrawals also occur through the wallet menu. But this time, it needs to click the "Withdraw" button opposite the currency of interest, enter the recipient's address and the withdrawal amount.
6. Exchange Trading Fee
The commission for currency exchange is unchanged - 0.7% of the transaction amount. The exception is operations with the Chinese yuan - 0%.
7. How to Trade on Binaryx
The Binaryx exchange team positions its terminal as one of the best in the crypto market. It has a simple interface, making it convenient to trade here for both professional traders and beginners.
Users have access to various types of trading charts - line charts, histograms, Japanese candlesticks, bars, etc. All the necessary trading tools are in the terminal, which is maximally adapted to work with mobile devices, PCs (web versions).
Currently, spot trading is available on the exchange using crypto and fiat, which are in users' wallets. In this type of trading, money can be withdrawn immediately after the transaction.
In July 2021, it's planned to introduce crypto futures trading on the exchange, which allows opening a contract for assets. It's also planned to expand the number of currency pairs very soon. The first replenishment will bring more than thirty fiat and cryptocurrency pairs, including many famous altcoins and tokens.
Using the exchange's wallet, you can work with your crypto and fiat accounts. If necessary, you can instantly buy any available coins for fiat on Binaryx.
8. Margin Trading
Shortly, it's planned to introduce margin trading on Binaryx. This type of trading provides excellent flexibility since transactions can be carried out not only by the number of assets placed on personal wallets. To start margin trading, you only need a minimum deposit in a dedicated account. Margin loans with 1:3 leverage will be available on the exchange soon.
9. Fees and Limits
| Coin | Name | Fee | Fee percent | Min | Max | Max per day |
|---|---|---|---|---|---|---|
| BNRX | Binaryx | - | - | - | - | - |
| BTC | Bitcoin | - | - | 0.002 BTC | - | - |
| BCH | Bitcoin Cash | - | - | 0.004 BCH | - | - |
| CNY | Chinese Yuan | - | - | 100 CNY | 1,000,000 CNY | 1,000,000 CNY |
| ETH | Ethereum | - | - | 0.04 ETH | - | - |
| EUR | Euro | - | 3.2 % | 80 EUR | 3,500 EUR | 11,000 EUR |
| UAH | Hryvnia | 5 UAH | 1.25 % | 300 UAH | 29,499 UAH | 99,999,999 UAH |
| LTC | Litecoin | - | - | 0.004 LTC | - | - |
| GBP | Pound Sterling | - | 3.2 % | 80 GBP | 3,000 GBP | 11,000 GBP |
| XRP | Ripple | - | - | 1 XRP | - | - |
| RUB | Russian Ruble | - | 5 % | 2,500 RUB | 300,000 RUB | 300,000 RUB |
| SVDT | St. Valentine’s Day Token | - | - | 10 SVDT | 100,000 SVDT | 1,000,000 SVDT |
| USDT | Tether USD | - | - | 4 USDT | - | - |
| USD | United States Dollar | - | 3.2 % | 50 USD | 5,000 USD | 11,000 USD |
10. Withdrawing Funds
Withdrawing money is easy on Binaryx. This operation is available on the "Wallet" menu.
11. Why Choose Binaryx?
Many reputable crypto portals note the absence of interruptions on the exchange, the pleasant design, and the friendly interface. Therefore, investors can easily buy or sell crypto at a favorable rate.
Analysts also note the presence of a detailed roadmap. Shortly, Binaryx will start supporting four new coins - LINK, ADA, DASH, and NEO. Therefore, users will have more opportunities to work. And the website itself can grow significantly in the top of the most reliable crypto exchanges.
12. Is Binaryx Safe?
Security is the top priority of any crypto exchange because not every platform can secure users' data and money. There is also a risk of running into scammers. With the Binaryx exchange, such risks are reduced to zero, and all thanks to reliable encryption protocols. Moreover, digital coins are stored in cold wallets around the world. At the same time, fiat is kept in accounts with reputable world banks.
13. Customer Support
To contact the technical support of the exchange, you can use the following methods:
- Feedback form on the site;
- Calendly;
- Telegram;
- Viber;
- WhatsApp;
- Facebook;
- Email.
If there are problems with the operation of the wallet, terminal, or other company products, the team offers prompt assistance 24/7. Suggestions and questions of a non-urgent nature can be written personally to one of the exchange team members or contact the administration of the company's official pages in social networks.
14. Regulation
The company operates legally under a license from the Republic of Estonia's Money Laundering Data Bureau (license number FVT000465). You can check the info on the website here. Therefore, users can rest assured about the legality of this platform.
15. Referral Program
The exchange has a profitable referral program. It offers to copy the referral link and select the necessary promotional materials. After that, users need to place a promo on your resource and get up to 50% of the trading commissions of invited users.
Afterword
The Binaryx exchange provides all the conditions for exchanging, buying, and selling crypto coins. It also offers good cooperation conditions for those who want to open a crypto business. Binaryx has a solid reputation, the site has a user-friendly structure, and users are generally satisfied with the service. It looks like this player will prove itself in the future.