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Biconomy Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

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About Biconomy Cryptocurrency

Launched on 1 October 2019, Biconomy Cryptocurrency is a centralized exchange located at Canada, C. D. Howe Building, 235 Queen Street, Ottawa, Ontario K1A 0H5. It supports CAD fiat pairs. Biconomy is a cryptocurrency exchange platform that provides global cryptocurrency trading services for a number of digital assets. They believe in the ideology behind blockchain suggesting that technologies based on distributed ledger systems can help build foundational human trust, enhance transaction efficiency and have a positive influence on social and economic well-being.

Basic Information

ExchangeDetails
Exchange NameBiconomy Cryptocurrency
Exchange TypeCryptocurrency
Withdraw FeeFree
Deposit FeeFree
Taker Fee0.20% 
Maker Fee0.20% 
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Biconomy Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

At Biconomy, the standard trading fees are 0.20% for takers and the same (i.e., no discount) for makers. 0.20% is in line with, or even slightly below, the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.

Biconomy Withdrawal fees

We have not been able to find any information on this exchange’s withdrawal fees. This is potentially a risk for you as an investor. Whenever an exchange does not inform of a fee, there is a higher risk that such fee is high. As soon as we receive information on the withdrawal fees at Biconomy, we will update this review and post them here.

Deposit Methods

Biconomy lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, and also by just depositing existing cryptocurrency assets. Seeing as fiat currency deposits are possible at this trading platform, Biconomy qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Values

They believe in the power of strong culture and firm values.

Performance

They think that strong performance is our core competence and that it should never be sacrificed.

Transparency

They believe that they can build a trustworthy environment only through open processes and clear communication.

Growth

They believe in hard work and continuous development, so we do our best to move forward quickly.

Support

They nsupport not only clients but also our partners and team members believing in the power of collaboration.

Why Choose Biconomy Cryptocurrency Exchange

Top Exchange Platform

They are a leader in terms of real daily trading volume. With licenses in the US and Canadian markets they sere a.

Top Coins Available

They list only top coins and carefully evaluated projects. Providing customers access to only reliable assets is crucial for.

Top Business Services

They nprovide comprehensive pre- and post- listing services with our dedicated team support and accelerator program.

Optimized User Experience

They have created a streamlined buying and selling experience with low rates. They understand users’ needs and wants.

Secure Trading Platform

They have a multi-tier and multi-cluster system architecture with 98% assets in cold storage.

Reliable Customer Support

They offer 24/7 dedicated support and trading assistance to all clients. The client’s satisfaction is top priority.

Biconomy Cryptocurrency Exchange

7

CURRENCY VERITY

6.5/10

REPUTATION

7.0/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

DESIGN

8.0/10

Pros

  • Secure Trading Platform
  • Reliable Customer Support
  • Optimized User Experience
  • Top Exchange Platform

Cons

  • No Live Support
  • New Trader
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