June 15, 2021

Binaryx.com exchange review: comfortable cryptocurrency trading on favorable terms

Binaryx.com exchange review: comfortable cryptocurrency trading on favorable terms

To improve the trading experience of usersBinaryx employs a modern system for opening, closing and matching orders. This allows traders to make more efficient moves. The platform offers a number of opportunities for optimizing trading and tools for making money on cryptocurrency.

Basic principles of work

Convenient modern terminal Binaryx exchangesuitable for both professional and novice traders. In addition to spot and margin trading digital assets, users can quickly convert them in the base exchanger, as well as work with futures contracts.

Cryptocurrency and fiat are available on the platformcouples. The exchange currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP and USDT stablecoin, US Dollar (USD), Russian Ruble (RUB), Euro (EUR), Pound Sterling (GBP) and hryvnia (UAH). In the near future, this list should be supplemented with seven more tokens.

The team is also involved in the implementation of newmethods, algorithms and mathematical calculations for systems of matching and closing orders, increasing the efficiency of transactions. When working with a universal terminal, traders have the ability to select and customize trading charts.

There is no commission for replenishing an account in cryptocurrencylevied, but for fiat it ranges from 1.25% to 5%. When withdrawing, fees are not provided only for EUR and GBP, in other cases you will have to pay a commission. For any conversion operation, the system will ask for 0.7% of its cost. You can deposit and withdraw funds using a credit and debit card, bank transfer, cryptocurrency transaction and 10 popular payment systems.

Binaryx.com exchange review: comfortable cryptocurrency trading on favorable terms

The platform also provides an API that allows access to the same functions as in the trading terminal. So far, this opportunity applies only to the spot market.

Complementary products and tools

In addition to the trading platform, the developers of Binaryxcreated an electronic wallet for storing digital assets and fiat, which is available as a free mobile and desktop application, as well as a web browser version. It has all the standard features, protected by encryption and an additional transaction verification system.

The exchange provides over 70 training materials for several courses. The academy program is divided into levels of difficulty, depending on the depth of current knowledge in a particular direction.

After registering on the site, anyone cantake part in the affiliate program and receive up to 50% of commissions for trading and exchange operations of attracted users. Owners of VIP status on another platform can count on individual conditions for the transition.

In addition, the company offers White Labelsolutions that help launch your own business based on cryptocurrency. These include customization of the terminal and exchange module for a specific brand, aggregation of liquidity providers, tools for analyzing, managing and setting up trading and exchange business, providing access using API, and more.

Security questions

Binaryx is based in Estonia and is compliantGeneral Data Protection Regulation (GDPR), is licensed to provide an exchange between cryptocurrencies and fiat money, a virtual crypto wallet service. The company's offices are located in Estonia and Ukraine.

In partnership with a cybersecurity firm10Guards technical team has organized multi-level access to servers, files and workstations. The system automatically monitors anomalies, threats and other illegal activities. There are several ways for users to protect their account.

The exchange uses cold wallets with multiple signatures to store users' digital assets, and fiat is distributed across multiple accounts at different banks.

To provide the best courses you needsecurity and stability in terms of liquidity, the company stores enough cryptocurrency and fiat funds, and has additionally established partnerships with liquidity providers and other exchanges.