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LUIS RIVERO R photo
Venezuela
1 Level
1191 Review
4270.25 Karma

Review on Bilaxy by LUIS RIVERO R

Revainrating 3 out of 5

Bilaxy

This exchange takes a good time in the market, however it does not have much approval due to the anonymity of its creators and mystery in the location, it is impossible to know real data about this exchange, so if you want to use it you must do it with caution and taking into account It has some characteristics that I found important to highlight before giving a conclusion.
-It has a friendly and easy-to-use negotiation window in addition to the statistic chart represented in candles, without any delay in downloading the information is fast and it is possible to find different negotiation options on the same screen without inconvenience.
- The negotiation rates are really low in comparison with the average ones in the market, although the withdrawal fees are usually somewhat high in some assets, being a disadvantage if you are an investor with small amounts.
-There are no clear data related to the members of this project, and its real location something that leaves much to think about its authenticity.
-It is possible to operate without providing our personal information, in this sense it is anonymous.
-The security methods are on average similar to those used for two-step verification exchanges, and email, although it is also not possible on their website to know what storage methods they use for user assets, or in what way They commit in case of losses.
In general the main concern of this exchange is its origin and level of security since this is not very clear, it has highly competitive rates that attract attention to traders who seek to save in daily negotiations, taking into account that there is no fiat currency listed. However, it is the user who decides whether or not to use this platform, according to reported data, a good volume of liquidity, if you wish to acquire an asset on this or another platform I would recommend using an alternate wallet where you can store your assets and have full access at your keys.

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Pros
  • It has a good daily volume in negotiation.
  • It has a portfolio of tokens that allow the investor to access multiple assets.
  • Low negotiation rates.
  • It has an application for mobile trading.
Cons
  • Financing method only for cryptocurrencies.
  • US investors are not admitted to this exchange.
  • No data on its location and development team.
  • There is no fiat.

Comments (1)

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October 02, 2019
I can't believe their volume is real. I traded there, I couldn't sell it even with the order of sale at the market price. Finally withdraw my token without selling it.