Biconomy Exchange is a centralized cryptocurrency trading platform that currently ranks #145 on the BitDegree Exchange Tracker. The platform has recorded a 24-hour trading volume of $529,139,068** and a seven-day volume of **$574,931,623,292.
Established in 2019 and headquartered in Canada, Biconomy aims to revolutionize the digital economy by offering a suite of integrated services. These include trading, liquidity management, marketing and promotion, community building, and networking support. The exchange also provides customized, flexible blockchain solutions tailored to individual project needs.
Security and Compliance
Biconomy Exchange implements a robust KYC verification system to ensure regulatory compliance. Users are required to provide personal information such as their full name, telephone number, and email address. Additionally, a government-issued ID and a selfie with a handwritten note are mandatory. These measures help the platform adhere to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
The exchange supports users from over 100 countries. However, due to varying cryptocurrency regulations globally, it is advisable to verify whether your country permits crypto trading before using the platform.
Trading Markets and Pairs
Biconomy offers three primary markets: USDT, USDC, and BIT. The platform supports over 140 trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. It facilitates both crypto-to-crypto and fiat-to-crypto transactions, providing flexibility for a diverse range of traders.
Spot and Futures Trading
The exchange currently supports spot and futures trading. A uniform trading fee of 0.20% is applied to both maker and taker orders. Depositing cryptocurrency is free, while withdrawals incur a network fee. Fiat deposits are accepted in currencies such as USD, EUR, GBP, RUB, KRW, UAH, and CZK. These deposits may involve additional banking and processing fees.
BIT Token Utility
BIT is the native utility token of the Biconomy ecosystem. Holders enjoy reduced trading commissions based on the number of tokens they possess. Additionally, BIT offers access to early-stage investment opportunities in high-quality blockchain projects vetted by the Biconomy Foundation. This feature lowers the entry barrier for users interested in primary market investments. 👉 Check real-time token metrics and performance data
Additional Services
Biconomy provides several user-friendly services to enhance the trading experience:
- Users can purchase cryptocurrency using fiat currencies or credit cards.
- The platform supports peer-to-peer (P2P) trading of digital assets.
- Internal transfers between users are free of charge.
Staking and Passive Income
Biconomy offers a staking platform where users can earn rewards by locking their crypto assets for fixed periods. Longer locking periods generally yield higher returns.
IDO and NFT Launchpad
The exchange features an Initial DEX Offering (IDO) launchpad for new crypto projects seeking funding and exposure. Pre-launch and post-launch support services are available to ensure project success.
Additionally, Biconomy includes an NFT launchpad where creators can mint, buy, sell, and exchange non-fungible tokens.
Company Background
Biconomy was founded in 2019 by Dmitry Sheludko, an experienced leader and strategist in the digital asset space. With a degree in Economics and Psychology from Yale University, Dmitry advises multiple cryptocurrency projects and governmental agencies on crypto regulation.
The exchange has grown steadily, amassing over 350,000 users by 2023. Its quarterly trading volume reached $12 billion, reflecting strong market presence and user trust. Continuous feature improvements and service expansions have fostered a loyal community.
Frequently Asked Questions
What is Biconomy Exchange?
Biconomy is a centralized cryptocurrency exchange offering spot and futures trading, staking, IDO launchpad services, and NFT marketplace support. It serves users in over 100 countries.
How does the BIT token benefit users?
BIT token holders receive discounted trading fees and gain access to exclusive early-stage blockchain investment opportunities. The token also facilitates community engagement and platform governance.
Is Biconomy compliant with international regulations?
Yes, Biconomy follows KYC, AML, and CTF regulations by verifying user identities and monitoring transactions. Users must complete identity verification to access all platform features.
What cryptocurrencies can I trade on Biconomy?
The exchange supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, along with over 140 trading pairs across USDT, USDC, and BIT markets.
Are fiat deposits supported?
Yes, Biconomy accepts fiat deposits in USD, EUR, GBP, and several other currencies. However, banking fees may apply depending on the payment method.
Can I earn passive income on Biconomy?
Absolutely. The staking feature allows you to lock cryptocurrencies and earn rewards over time. 👉 Explore advanced staking strategies and options