Bilaxy Review 2025

Bilaxy is a centralized digital exchange that offers 300 tradable coins to traders of 80+ countries. The exchange provides TradingView charts, order books, and trade history.

Bilaxy Exchange has a fixed commission rate of 0.2% for makers and takers. It has a mobile application for Android and iOS. Bilaxy Crypto has also launched its sovereign cryptocurrency, called "BIA."

Bilaxy Exchange Information

Bilaxy is a centralized cryptocurrency exchange that burst onto the scene in early 2018, setting up shop in Seychelles.

This tropical location, while idyllic, has raised some eyebrows in the crypto community due to its potentially lax regulatory environment.

Bilaxy's structure and regulatory status:

• Centralized Exchange: Bilaxy operates as a centralized platform, meaning it acts as an intermediary between buyers and sellers;
• Seychelles Registration: While this allows for certain operational freedoms, it may also mean less stringent oversight compared to exchanges in more tightly regulated jurisdictions;
• Wide Range of Trading Pairs: Bilaxy supports nearly 1,000 trading pairs, including approximately 300 USDT pairs, 4 BTC pairs, 300 ETH pairs, and 150 BNB.

Summary of Key Features

The table below summarizes the information and features provided by Bilaxy Exchange:

Pros and Cons; Complete Table

Although Bilaxy provides numerous features, including over 300 cryptocurrencies for trading, every exchange has its strengths and weaknesses, and Bilaxy is no exception:

Is There Any User Level Available in Bilaxy?

Bilaxy takes a different approach compared to many other exchanges and has no tiered user level structure. In other words, the exchange maintains a flat structure for all users.

All accounts are treated equally with no VIP levels or account tiers based on trading volume or asset holdings.

Bilaxy Exchange Commissions & Fees

Both maker and taker fees are set at 0.2% in Bilaxy Crypto, but there are some nuances to be aware of:

• BIA Token Discount: Using Bilaxy's native BIA token for fees can slash your trading costs by 50%, bringing them down to 1%;
• Withdrawal Fees: These are dynamic and adjusted based on network conditions;
• Deposit Fees: Deposits are free! However, you might incur network fees when transferring funds to your Bilaxy account.

How Many Coins and Pairs are Available to Trade in Bilaxy?

As of now, over 300 coins and nearly 1000 pairs are available to trade.

Bilaxy Trading Pairs:

• USDT Pairs: Approximately 300
• ETH Pairs: Around 300
• BTC Pairs: 4 major pairs
• BNB Pairs: About 150
• Stablecoins: Various options such as USDT, USDC and BUSD

The exchange supports popular cryptocurrencies like Bitcoin, Ethereum, and Tether, as well as a wide range of altcoins and tokens.

Does Bilaxy Exchange Support Futures and Margin Trading?

Bilaxy does not offer any futures contracts or other derivative products. Beside that, no margin trading is available in this exchange.

Registration and Verification on Bilaxy Exchange; Step-by-Step Guide!

Opening an account on Bilaxy Exchange is straightforward, offering traders quick access to global digital asset markets. The process includes email verification, 2FA setup, and KYC compliance for enhanced security and unrestricted trading.

#1 Sign Up on Bilaxy

Visit the official Bilaxy website and click “Sign Up” to begin registration. Enter your email and choose a robust password that ensures account protection.

Complete the very first step of registration by clicking on the Sign Up button

#2 Confirm and Secure Your Account

Retrieve the verification code sent to your inbox and input it into the required field. For added security, activate two-factor authentication (2FA) via Google Authenticator or your mobile number.

#3 Complete Identity Verification

To unlock full account functionality, complete the KYC process by submitting your personal details and official ID documents through Bilaxy’s secure verification portal.

Platforms and Applications

Bilaxy offers a multi-platform approach to cater to different user preferences:

• Web-Based Platform: The primary trading interface, accessible from any modern web browser
• Mobile App: Available for both Android and iOS users

Mobile app offer real-time market data, including price, volume, and net inflow information for all available cryptocurrencies.

Bilaxy Exchange Security

The only information available about Bilaxy exchange security includes two-factor authentication (2FA) and Know Your Customer (KYC) protocols. The information you need to know about Bilaxy security is as follows:

• Two-Factor Authentication (2FA): Bilaxy offers 2FA as an additional layer of security for user accounts;
• KYC Verification: Know Your Customer procedures are in place to prevent fraud and comply with regulations;
• Hot Wallet Hack: In August 2021, Bilaxy suffered a major hack, losing approximately $21 million in user funds;
• Lack of Transparency: There's no public information about the Bilaxy team and their security practices;
• No Insurance: Unlike some top-tier exchanges, Bilaxy doesn't offer insurance coverage for user funds.

While Bilaxy has implemented standard security measures, the 2021 hack, resulting in the theft of over $21 million in assets, and a lack of transparency raise serious concerns about the overall security of the platform.

Payment Methods

Bilaxy offers a limited selection of payment methods compared to some larger exchanges:

• Cryptocurrency Deposits: The primary method for funding your account
• Visa/Mastercard: Available for purchasing cryptocurrencies
• Advcash Wallet: An e-wallet option for deposits

The minimum deposit is set at 0.00001 BTC or 1 USDT, with a minimum trade size of 1 USDT, making the exchange accessible to retail traders and those beginning with small amounts.

Bilaxy Exchange Trust Scores

Trust is paramount in the cryptocurrency world, and Bilaxy's scores paint a concerning picture:

• Bilaxy Trustpilot: 1.8 out of 5 based on over 60 reviews

• CoinGecko: A mediocre 5/10, indicating room for improvement

Bilaxy Features

Bilaxy doesn't offer any crypto-specific features or services, except for spot trading. 

Support

According to the information on the Bilaxy website, support is available 24 hours a day. You can contact the exchange’s support via the following methods:

• FAQ Section: Covers basic topics like account management and transaction history;
• Ticket: Users can submit tickets through the Bilaxy Zendesk page;
• Live Chat: It's available in website;
• Email Support: It's available at “service@bilaxy.com”.

Unfortunately, there have been reports of unresponsive support and users being banned from official channels after raising issues.

This poor support experience adds to the overall concerns about Bilaxy's reliability and user-friendliness.

What Investment Options are Available in Bilaxy?

For traders looking for passive income or copy trading features, Bilaxy falls short and doesn’t offer crypto copy trading software or staking:

• No Copy Trading: Unlike some competitors, Bilaxy doesn't offer the ability to replicate successful traders' strategies;
• Limited Passive Income: There are no crypto staking or yield farming options directly on the platform;
• Referral Program: The only passive income option is through the referral program, where users can earn a percentage of their referrals' trading fees.

Bilaxy Exchange Restricted Countries; What Countries are Banned?

Bilaxy maintains a list of restricted countries to comply with various regulations:

• USA
• Mainland China
• Singapore

In addition to these countries, any other country with strict cryptocurrency laws is also prohibited.

Bilaxy vs Other Exchanges

Let's compare Bilaxy features with other popular exchanges:

TradingFinder Writer's Opinion and Conclusion

Bilaxy offers 1000 trading pairs, $1 minimum deposit and 0.1% fees for “BIA” holders. But beyond these, no copy trading, no futures and no leverage trading is available in Bilaxy Exchange.