RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

B2BX

B2BX Exchange Review

Centralized

“B2BX Exchange is a full-featured spot trading platform for major digital assets & cryptocurrencies,
including Bitcoin, Ethereum, NEM, Litecoin, Ripple, NEO, Monero, NEM, Dash and many more.”

(https://www.b2bx.exchange/)

  • 24h Trading Volume

    1046.048 BTC
  • Establish date

    2017
  • Headquater

    Russia

B2BX Exchange Review

  • B2BX Withdraw

    BTC – 0.0005 BTC

    ETH – 0.01 ETH

    LTC – 0.002 LTC

    Full list of fees can be found here

  • B2BX Fees Discount

    Discount for members of B2BX’s Loyalty Program

    Maker: 0.1 %

    Taker: 0.12%

  • B2BX Deposit fees

    Free
  • B2BX Trading fees

    Maker: 0.15%

    Taker: 0.18%

  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes

B2BX Exchange Score Analysis

The B2BX exchange has been operating under a license received from the Estonian authorities since Nov 2018, and allows users to trade Crypto against USD, while also allowing EUR deposits.
Their coin selection is not too small but also quite modest, with 11 large-cap coins available to trade; They have recently de-listed OMG without a good explanation. We believe it is because either the trading pair does not attract enough volume to justify its maintenance or it may provide a regulatory problem.
After studying the exchange’s volume and trading patterns, we came to the sad conclusion that most of the volume B2BX displays is faked and does not represent an accurate picture of what’s going on at the exchange at all. This only raises our suspicions that the exchange is involved in other shady business, although we currently do not have another thing to point to as suspicious behavior.
Operating under regulatory supervision, B2BX requires all users to undergo KYC procedures prior to start trading, even crypto against crypto.
Their fees are quite high, although according to the services they provide – namely crypto-fiat trading – these fees are not unheard of.
No-one online claims to work at B2BX; instead, we believe the operating team to be the same as its parent company, B2Broker, and its team members have no publicly available information as to what experience they have had before founding B2Broker and we did not find any person which actively controls Risk at the exchange – on the B2Broker “about” page, it is stated John Murillo occupies that role but we were not able to confirm this in any other place; namely, interviews with him.
To conclude, while we do not believe B2BX to be knowingly operating an illegitimate operation, they do apparently fake their volume numbers – a very concerning fact – and there are several key metrics which prevent us from recommending the exchange.