Review on Bilaxy by Olugbenga Ajayi
Bilaxy exchange is not transparent
Bilaxy exchange is an exchange that does not reveal much information about itself. We don't know nothing about the team or the CEO. But what we know is that the exchange deals in multiple cryptocurrencies and it offers trading in many pairs.
The exchange doesn't accept flat currency for deposit meaning every trader must be versed in crypto transaction. The transaction fee charged on taker and maker is within the Industry standard. It charges a flat fee of 0.29%. Also the withdrawal fee is just 0.1 eth.
The exchange posted high daily trading volume most of the time but there is report that the trading volume posted is inflated. I will not doubt this assertion since the credentials of the team itself is hidden it is unlikely that other fact about them is questionable.For this reasons, I do not recommend the exchange.
Pros
- Bilaxy accept cryptocurrency for deposit
- It is an exchange that supports many cryptocurrencies
- The website is designed with Chinese and English language
- Withdrawal fee is of 0.1 Eth is fair
Cons
- The exchange is not transparent because little is known about the team
- There is report that the exchange do inflate daily trading volume
- It doesn't support flat currency for deposit
