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 exchange terminalBinaryx is suitable for both professional and novice traders. In addition to spot and margin trading of digital assets, users can quickly convert themin 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 implementing newmethods, algorithms and mathematical calculations for order matching and closing systems that improve transaction efficiency. When working with a universal terminal, traders have the opportunity to select and configure trading charts. 

There is no commission for replenishing your account in cryptocurrencyis charged, but for fiat it ranges from 1.25% to 5%. There are no withdrawal fees only for  EUR and GBP, in other cases you will have to pay a commission. For any conversion operation, the system will request 0.7% of its value. You can deposit and withdraw funds using a credit and debit card, bank transfer, cryptocurrency transaction and 10 popular payment systems.

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, developersBinaryx has created an electronic wallet for storing digital assets and fiat, which is available as a free mobile and desktop application, as well as a browser-based web version. It has all the standard features, is 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.