Bilaxy

Overview of Bilaxy

Bilaxy operates without comprehensive regulatory oversight, raising operational integrity concerns. Prospective users are cautioned to exercise care due to associated risks. Engaging with an unregulated exchange inherently carries dangers, necessitating thorough risk assessment prior to trading on such platforms. Although Bilaxy lacks regulatory supervision, it adopts specific security measures for secure deposit and withdrawal handling. Nonetheless, users should autonomously evaluate security protocols, leveraging both feedback and independent research. Sole reliance on user input might inadequately gauge the platform's security history. Users should also scrutinize security practices and diversify investments while practicing cautious data sharing. With 514 tradable cryptocurrencies, including major options like Bitcoin (BTC) and Ethereum (ETH), Bilaxy offers a platform devoid of comprehensive educational resources but facilitates interaction via community platforms. Customer support accessibility is through Twitter, Telegram, and email.

Pros and cons

Regulatory Authority

Bilaxy lacks proper regulation and oversight, raising concerns about its operations. Prospective users are advised to be cautious due to the potential risks involved.

It is important for traders to remember that using an unregulated exchange carries inherent risks, and they should carefully evaluate these risks before deciding to trade on such platforms.

Security

The security of Bilaxy is an important consideration for users. While Bilaxy does not have a regulatory authority, it does take certain measures to protect its users' funds and information. These measures include supporting deposit and withdrawal transactions, which provide users with convenient and secure ways to manage their funds.

Additionally, it is important for users to conduct their own research and assessments of the platform's security measures. This can include looking for user feedback and reviews to gauge the overall satisfaction and experiences of other users. By considering these perspectives, users can gain a better understanding of the platform's security track record.

However, it is important to note that relying solely on user feedback may not provide a comprehensive picture of the platform's security. Users should also consider other important factors such as the platform's security protocols, encryption practices, and any additional security features provided.

Overall, while Bilaxy does not have a regulatory authority, users can take certain precautions to enhance their security. These include using secure wallets, being cautious with personal information shared on the platform, and diversifying investments across different exchanges. By being proactive in evaluating and implementing security measures, users can help mitigate potential risks associated with trading on an unregulated exchange like Bilaxy.

Bilaxy APP

For Android (Google Play Store):

1. Open the Google Play Store on your Android device.

2. In the search bar, type “Bilaxy” and press Enter.

3. Find the official Bilaxy app in the search results.

4. Tap on the app to open its store page.

5. Click on the “Install” button to download and install the app on your device.

For Apple (App Store):

1. Open the App Store on your Apple device.

2. In the search tab, type “Bilaxy” and press Enter.

3. Find the official Bilaxy app in the search results.

4. Tap on the app to open its store page.

5. Click on the “Get” or Download button to download and install the app on your device.

How to Buy Cryptos

App (Web and Mobile): Supported payment methods: Bilaxy primarily accepts cryptocurrency deposits for purchasing other listed coins. It doesn't directly accept fiat currency (USD, EUR, etc.) through the app itself. You'll need to transfer crypto from another platform or personal wallet to your Bilaxy account first. Then, navigate the trading interface to choose the desired cryptocurrency pair and execute a buy order using your deposited funds.

ATM: Buying crypto directly through ATMs with Bilaxy integration is uncommon and likely unavailable in most regions. Check Bilaxy's official website or app for any specific partnerships or supported ATM locations, but this option is generally unlikely.

Apple Store: Direct crypto purchases not allowed: App Store policies prohibit apps from directly selling or facilitating cryptocurrency purchases. You cannot buy crypto through the Bilaxy app on the Apple Store.

Alternative Channels: Cryptocurrency exchanges: Consider established exchanges like Coinbase, Binance, or Kraken that allow direct fiat-to-crypto purchases using credit cards, bank transfers, or other local currency options. Peer-to-peer platforms: Explore options like LocalBitcoins or Paxful to connect directly with sellers and purchase crypto with various payment methods.

Cryptocurrencies available

Bilaxy offers a variety of 514 cryptocurrencies for trading, including popular options like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), USD Coin (USDC), XRP (XRP), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Terra (LUNA).

In the realm of Bilaxy, the cryptocurrency valuation stands as such: Bitcoin (BTC) holds its price at $20,426.99 USD, Ethereum (ETH) at $1,171.36 USD, while Tether (USDT) and USD Coin (USDC) maintain a steady $1.00 USD value each. Binance Coin (BNB) finds its place at $241.64 USD. The collective trading volume within a span of 24 hours tallies up to $7,291 USD, contributing to the broader landscape of cryptocurrency with an overarching market capitalization of around $1.22 trillion USD for the ensemble of listed digital currencies.

How to open an account？

The registration process for Bilaxy can be outlined in the following steps:

1. Visit the Bilaxy website: Go to the official Bilaxy website and click on the “Sign up” button, usually located at the top right corner of the homepage.

2. Provide email address: Enter your email address in the registration form. This email will be used for account verification and communication purposes.

3. Set password: Create a strong password for your account. It is recommended to use a combination of uppercase and lowercase letters, numbers, and special characters to enhance security.

4. Agree to terms and conditions: Read and agree to Bilaxy's terms of service and privacy policy. It is important to understand the platform's rules and guidelines before proceeding with the registration.

5. Complete email verification: Check your email inbox for a verification link sent by Bilaxy. Click on the link to verify your email address and activate your account.

6. Enable two-factor authentication (2FA): To enhance account security, enable two-factor authentication by linking your account to a mobile authenticator app, such as Google Authenticator. This adds an extra layer of protection to your account.

After completing these steps, you should have a registered account on Bilaxy and be ready to start trading.

Fees

Bilaxy applies a trading fee of 0.20% for all traders, applicable to both makers and takers. For added benefits, users can opt to settle their trading fees using the Bilaxy native token, BIA, and enjoy a 50% fee reduction. Platform sustainability: Bilaxy implements a monthly maintenance fee of 0.0005 BTC dedicated to upkeeping exchange operations and expenses.

Deposit & Withdrawal

While deposits of cryptocurrencies are free, the platform imposes withdrawal fees on various coins, such as 0.0005 BTC for Bitcoin and 0.008 ETH for Ethereum.