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Bilaxy (bilaxy.com) - review, trading volume and pairs
Bilaxy is a large cryptocurrency exchange with a daily volume of 38 000 BTC. The official website was translated in English and Chinese languages, which limits the number of potential customers. The website does not offer any information about the juridical status of the exchange or its owner. However, in the posted documentation it is written that the exchange has been operating since the 2018 and was registered in Seychelles.
The bilaxy.com website mission is to become the best cryptocurrency exchange in South-East Asia. And even though the platform does not work with Fiat money, the company's management is planning to add Yuan and Euro. During all this time, there was no negative information about the project either in the expert feedback or in the reviews on the forums. This suggests that one can freely store small sums on this platform.
The most used cryptocurrency on the exchange is ETH. TOP 5 most traded pairs:
The official website was not translated into Russian, only into English and Chinese. This is why we would like to describe all stages of registration and the main peculiarities of the exchange.
Specifics of the platform
The main feature of Bilaxy is that new and quite promising coins, which just have passed ICO, can be added to the platform. Focus on fresh tokens has become a market advantage of Bilaxy, which produces listings much earlier - before the official introduction of the currency on major world exchanges. The coins the official release of which took place 1-2 days ago are also traded on the platform. Flexibility and maneuverability have become the main advantages, which were appreciated by tens of thousands of platform customers. A registered customer of Bilaxy can also trade exclusive tokens in real-time mode.
Registration and verification
The registration process is standard: you specify your email address and password, enter a captcha and a confirmation code, that was automatically sent to your email. Substantially, the process will not take more than 2-3 minutes. Upon the registration of a new account, you will be offered to pass verification. This is necessary to lift several restrictions, so it is recommended to pass it. To do this, follow the instructions:
1. Take a selfie with your passport and a piece of paper with the current time and date.
2. Upload scanned copies of your identification documents. The passport must be scanned from all sides.
3. Send a request for verification.
After that, the website administration will consider your application and will verify your account (if there are no questionable moments). It is worth noting that it is not necessary to pass the verification. However, if you do not verify your account, you will be able to withdraw no more than 30 ETH from the account. After passing the verification, the daily limit will be increased to 100 ETH.
The trading interface of Bilaxy exchange is standard. On the right, there are rates with tickers and trading history. In the center, there is a price chart and a form for opening orders. On the left, there is an application book.
The deposit and withdrawal of funds are done via the "Funds" menu. There is a table with all cryptocurrencies. Next to each currency, there are buttons "Deposit", "Withdraw" and "Trade" (Exchange).
Trading volume on Bilaxy suggests that customers trust the exchange and appreciate its integrity. At first sight, it looks like an ordinary trading platform but the absence of any negative feedback on the part of users makes the platform a good option for early purchase of exclusive newly released tokens. Rapid response to the dynamic market conditions favorably distinguishes Bilaxy among many other exchanges.
Bilaxy project team maintains contact with customers and informs of planned changes and innovations. At that, the speed and quality of the responses of the website technical support remains are at a high level. In the end, high-quality service and reputation of the exchange contribute to the growth of the number of regular customers.