[SCAM Alert] Bilaxy

[SCAM Alert] Bilaxy Exchange Review

Centralized

[SCAM Alert] Bilaxy Exchange Rating Analysis

  • Bilaxy is a Seychelles based crypto currency exchange site. Bilaxy offers both a below average number of markets and tradable pairs. Bilaxy has an about industry average commission fee. Concerns for this project include no public information about the team members and a lack of insurance in the case of a hack. Additional concerns about this exchange, including falsely inflated volume, are detailed in this interview between Cointelligence CEO On Yavin and Celsius Network CEO Alex Mashinsky.

     

    Bilaxy reported that their ERC hot wallet was hacked on 15:00, August 30, 2021. Bilaxy reported that they are working closely with third-party security auditing companies and have made initial progress. The time it will take to resume the platform depends on the progress.

    [SCAM Alert] Bilaxy Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      13,502.651 BTC

      • [SCAM Alert] Bilaxy Total Trading Pairs

        N/A

        • [SCAM Alert] Bilaxy Margin Trading

          No

          • [SCAM Alert] Bilaxy Deposit Fees

            Free

            • [SCAM Alert] Bilaxy Trading Fees

              0.15%

              • [SCAM Alert] Bilaxy Fiat Deposit

                No

                • Accepted Payment Methods

                  Crypto to Crypto Only

                  • [SCAM Alert] Bilaxy Native Token

                    Yes

                    • Native Token Smart Contract

                      N/A

                      • [SCAM Alert] Bilaxy Trading Markets
                        • [SCAM Alert] Bilaxy Stablecoins Trading

                          [SCAM Alert] Bilaxy Withdrawals

                          • Daily Withdrawal Limit

                            KYC1: 60 ETH, KYC2: 600 ETH (or ETH equivalents)

                            • [SCAM Alert] Bilaxy Withdrawal Fees

                              Depends on currency, seen on withdrawal page of each coin.

                              • [SCAM Alert] Bilaxy Withdrawal Fees Discount

                                When using BIA to pay for trading fees, it is 50% discounted.

                                • Proof of Reserves

                                  N/A

                                  [SCAM Alert] Bilaxy Overview

                                  • Bilaxy is a Seychelles-based international cryptocurrency exchange. Due to numerous red flags, we have rated them as a scam and do not recommend engaging with this exchange.

                                     

                                    [SCAM Alert] Bilaxy Exchange KYC and AML

                                    • [SCAM Alert] Bilaxy Exchange KYC and AML

                                      Personal ID, Selfie with ID.

                                      [SCAM Alert] Bilaxy Exchange Additional Information