Bilaxy – Exchange Review

Bilaxy burst onto the scene in early 2018 out of Seychelles, pitching itself as a global exchange with hundreds of altcoins, flat fees and BIA token rewards – a cocktail of spice and promise. But its reputation is edged with caution.

Vast Coin Library with Flat-Fee Structure

Bilaxy lists 300+ coins and nearly 1,000 trading pairs – altcoin collectors will find plenty to play with. Trading fees run lean: around 0.15-0.2 percent for both makers and takers, with no deposit charges and competitive withdrawal rates. They also sweeten the deal with BIA token perks like fee discounts.

High Activity on Popular Pairs

Reported 24-hour trade volumes show activity humming along – tens of millions of dollars on pairs like BTC/USDT, ETH/USDT, and SOL/USDT. It still ranks as a spot exchange with deep liquidity on some fronts.

Trust and Transparency Gaps

Bilaxy scores low on security ratings – a DDD grade and just 34 percent on one security tracker. Audit depth and reserves remain unverified. It is registered in Seychelles, not heavily regulated – legal footing feels voluntary, not robust.

A Swarm of User Complaints

Trustpilot ratings plummet around 1.5 out of 5, with dozens of users reporting blocked withdrawals, frozen balances, extremely high fees, and sham trading activity. Some even describe wash trading scenarios.

Strengths & Weaknesses at a Glance

Strengths:

• Enormous altcoin library and pair variety – thousands to explore
  
• Flat trading fees, no deposit fees, BIA token perks
  
• High activity on major pairs – liquidity exists for popular coins
  

Weaknesses:

• Security and transparency are weak – DDD rating raises red flags
  
• Trust levels among users are low – reports of freezes, fees and poor support
  
• Regulatory cover is light – a Seychelles base with limited oversight
  
• Some trading activity may be artificial or opaque
  

Final Thoughts

Bilaxy offers an enticing buffet of altcoins, flat pricing and token-based benefits – great if you’re exploring niche coins. But it comes with serious caveats – weak security, poor user trust, and questionable transparency. If you’re thinking about diving in, tread carefully, trade small, and avoid storing large sums. Better to treat Bilaxy like a curiosity stop, not your home trading base.