The Biconomy crypto exchange was founded in 2019 and has its headquarters in Canada. One of the major aims of the exchange is to revolutionize the digital economy by providing a bundle of services. Some of these services include trading, liquidity management, marketing and promotion, community building, networking, and more. The platform also provides customized, flexible alternatives for successful implementations of blockchain solutions.
Biconomy cryptocurrency exchange has a strong KYC verification system. The platform verifies personal information such as names, phone numbers, and emails. Furthermore, government-issued identification cards are required during this process. Finally, all users must upload a selfie with a note attached. These measures are necessary to ensure that the platform conforms to all AML regulations and Counter-Terrorism Financing laws.
The list of countries supported by the platform exceeds 100. However, some countries have anti-crypto regulations. Thus, it is advisable for you to check if your country allows cryptocurrency trading activities before choosing an exchange.
Markets
There are three major markets on the exchange – USDT, USDC, and BIT. Also, there are 140 Biconomy Exchange trading pairs available. The platform supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and more. Besides, it serves as a crypto-to-crypto and a fiat-to-crypto trading platform. This gives a lot of flexibility to traders and users of the exchange.
The Biconomy Exchange spot trading and futures trading are the only available trading options on the platform. In terms of trading fees, the platform charges a flat Biconomy crypto fee of 0.20% on Maker and Taker trades.
Crypto deposits are free, while crypto withdrawals incur Biconomy Exchange fees. Fiat deposits are also allowed on the platform. The exchange accepts deposits in USD, EUR, GBP, RUB, KZT, UAH, and BRL. Fiat deposits also incur bank charges and processing charges from the platform.
The BIT token is the native utility token of the Biconomy crypto exchange. BIT token holders have special trading commission conditions on the exchange, which depend on the number of tokens they hold. Additionally, holding BIT tokens offers the opportunity to obtain a share of high-quality blockchain projects invested by the Biconomy Foundation, reducing the threshold for users to participate in the first-level investment. You can find more info and the current Biconomu Exchange crypto price here.
Other Services
As a trader, you can purchase crypto using fiat or credit cards. Furthermore, the platform allows peer-to-peer trading of crypto assets. As an added bonus, crypto transfers between users on the platform are free of charge.
Additionally, the Biconomy cryptocurrency exchange has launched a staking platform for users to make money with their cryptos assets. With this feature, users lock their tokens and coins for a certain amount of time for rewards. The value of rewards is determined by the length of time the tokens are staked.
Moreover, the exchange has an IDO feature for crypto projects who wish to launch on the platform. This feature gives pre and post-launch services to these projects.
Lastly, there is an NFT launchpad for NFT projects on the exchange. With this feature, NFT creators can buy, sell, and exchange NFTs.
About the Company
The Biconomy Exchange was founded in 2019 by Dmitry Sheludko. He is an experienced, forward-thinking leader and strategist in the world of digital assets. He is an advisor in many cryptocurrency projects, as well as in certain governmental bodies responsible for crypto regulations. Dmitry holds a degree in economics and psychology from Yale University.
Biconomy crypto exchange is continually developing and evolving. By adding new features, they have developed a loyal customer base. As of 2023, they have over 350 thousand customers with a quarterly Biconomy Exchange trade volume of $12 billion. You can always see the current Biconomy Exchange volume above.
