B2BX Exchange ReviewCentralized
Launched in January 2018, B2BX is a cryptocurrency exchange that offers crypto-crypto and crypto-fiat trading pairs and is licensed by the Financial Intelligence Unit (FIU) of Estonia.
B2BX Exchange accepts individual and corporate clients, providing institutional grade liquidity, different order types, advanced API (WebSocket and REST), multiple options of fiat deposits & withdrawals with security options such as funds protection, 2FA and KYC with the added benefit of low trading fees.
B2BX operates in accordance with the following licences: (1) Licence to provide a virtual currency wallet service https://mtr.mkm.ee/taotluse_tulemus/502002 and (2) Licence to provide a service for the exchange of virtual currencies into fiat https://mtr.mkm.ee/taotluse_tulemus/496742.
According to CoinMarketCap data, B2BX currently features in the list of Top 50 Cryptocurrency Exchanges, ranked by Liquidity. It is positioned in 15th place with a total liquidity volume equal to $20m USD.
B2BX Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
B2BX Total Trading Pairs
B2BX Margin Trading
B2BX Deposit Fees
No fee for cryptocurrency deposits. Fees for fiat financial transactions apply.
B2BX Trading Fees
B2BX charges different fees for takers and makers. For takers, the fees are 0.28%, while makers pay 0.25%. This falls in line with the global industry average.
B2BX Fiat Deposit
Accepted Payment Methods
Crypto to Crypto, Crypto to FIAT
B2BX Native Token
Native Token Smart Contract
B2BX Trading Markets
B2BX Stablecoins Trading
Daily Withdrawal Limit
depends on currency
B2BX Withdrawal Fees
Fees for fiat financial transactions and for crypto withdrawals are displayed on the B2BX website and in the Trader’s Room.
B2BX Withdrawal Fees Discount
Proof of Reserves
B2BX Exchange Rating Analysis
Last edit 02.03.2020
The B2BX exchange has been operating under a license recieved 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 wither the trading pair does not attract enough volume to justify its maintenace 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 behaviour.
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.
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.
B2BX Exchange KYC and AML
B2BX Exchange KYC and AML
Selfie with ID, proof of residence.
B2BX AML Policy
B2BX Exchange Additional Information
B2BX Establish Date