Review on Biconomy by Killer Bean
Biconomy is upcoming and I hope it becomes a world leading exchange
Biconomy is a centralized exchange platform, this exchange uses centralization to its very best. This exchange has not become very popular probably it hasn't gotten any big partnership , however the exchange was a listed as an exchange in Revain so I felt the need to review it in order to express my own views above it the exchange. My various experiences with the exchange as they relate various features include:
1. Registration: Some exchanges don't usually have smooth registration processes either the reCaptcha verification fails or there is usually delay in the time for the verification mail to reach recipient but that is quite different in Biconomy, everything concerning registration was done in less than 5 minutes.
2. Fees: Here I will be looking at the deposit fees and the trading fees in this exchange. Biconomy doesn't even charge any fees for depositing any cryptocurrencies of any kind. Looking at the trading fees there is a 0.2% standard fee charged, this is quite in line with the average fees charged by most exchanges.
3. Method of deposits: Users can make clearly different forms of deposits, they include Cryptocurrencies, bank transfers and Credit cards. This are the generalized form of making payment, hence Biconomy is very complete in terms of making deposit. As for me, the best form of deposits was cryptocurrencies this was very convenient and easy to complete.
4. Customer service: There is an all round sense of perfection when it comes to the services and support offered by the help center. Here, all my suggestion were given positive responses and encouraging notes of appreciation.
5 Cryptocurrencies supported: Not only does this exchange have low trading fees, the number of cryptocurrencies supported are also encouraging at least for a newly launched exchange. They include Bitcoin, Bitcoin cash, Aave, ChainLink and so on. I also hope they include the REV token to foster their partnership with Revain
7. Security: This is a very important aspect of an exchange, Biconomy makes sure that user's hard earned funds do not get stolen by any body or organisation, this is achieved by storing the funds in cold storage. This can be seen in the bottom page of the exchange website.
8 The mobile application is a Lord amongst other trading apss that I have used: Configured for any device, users of biconomy can now trade at their own convenience by using the mobile app, I call it a lord amongst other trading apps because it has one of the sleekest designs I have come across. The trading interface as been designed in the best manner possible to suit any trader at all. I preferred trading on the app because of the amazing interface.
9. Well designed website: not only is the app of this exchange amazing, the website is also well designed, this exchange doesn't have any problem whatsoever relating to web technicality because I never had any issue of hanging website while I was trading. The website comes is a very good design, it consist of a mixture of black and blue which is very cool.
10. The parts I'll be looking at in my updates are those parts of the exchange I haven't explored like the KYC/AML verification and the policies.
In summary, Biconomy has been an exchange I enjoyed using and I will encourage other investors to patronize this exchange and make the best profit from it!
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Pros
- I have actually written out my positive experience in my review
Cons
- I haven't spotted out the negatives aspect of this exchange yet
