Biconomy review
Biconomy.com is a centralized cryptocurrency exchange founded in October 2019 by CEO Dmitriy Sheludko. This review covers that exchange specifically, distinct from unrelated Web3 infrastructure projects that also use the Biconomy name. It offers spot trading across several hundred coins and pairs, plus perpetual futures and options with leverage up to 100x, copy trading, an NFT marketplace, staking and earn products, and its own BIT exchange token. Exchange trackers most often register the operating entity in the British Virgin Islands, though at least one source instead lists Canada, and the exchange holds a US Money Services Business registration but no license from a major securities or derivatives regulator. CoinGecko gives it a middling 7/10 trust score and rates its liquidity low despite headline daily volume above $1 billion.
Biconomy key facts
- Website: www.biconomy.com
- Category: Centralized cryptocurrency exchange (CEX)
- Founded: 2019, by CEO Dmitriy Sheludko
- Headquarters: Reported inconsistently: British Virgin Islands per most trackers, Canada per one; no disclosed office
- Regulatory status: US Money Services Business (MSB) registration; no license from a major securities or derivatives regulator
- Products: Spot trading, perpetual futures and options up to 100x, copy trading, NFT marketplace, staking/earn, native BIT token
- Trading fees: Spot maker/taker from 0.10%, decreasing with volume
- Supported assets: 680+ cryptocurrencies and 800+ trading pairs per CoinGecko (other trackers report smaller counts)
- Trust score: 7/10 on CoinGecko; liquidity rated low
- FYI Score: 76.7/100 (ranked #30 of the 48 crypto exchanges we track)
Trading fees
- Standard spot maker and taker fees start at 0.10% each, decreasing at higher volume tiers under a maker-taker model
- No fees on crypto deposits; withdrawal fees vary by asset and network
Supported assets and products
- Spot trading across 680+ cryptocurrencies and 800+ trading pairs per CoinGecko, with BTC/USDT the most active pair; other trackers report smaller counts, around 180 coins and 200 pairs
- Perpetual futures and options with leverage up to 100x
- Copy trading, a demo/practice mode, an NFT marketplace, and staking/earn products
- Native BIT exchange token
Security and regulation
- Exchange trackers most often register the operating entity in the British Virgin Islands; at least one source instead lists a Canadian registration (Biconomy Global Ltd.), so the exact jurisdiction is not consistently disclosed
- Holds a US Money Services Business (MSB) registration but no license from a securities or derivatives regulator
- CoinGecko gives Biconomy a 7/10 trust score but rates its liquidity low
- No major, corroborated hack has been publicly reported as of writing, though isolated and uncorroborated online posts allege fund-access issues and platform negligence
Team and support
- Founded October 2019 by CEO Dmitriy Sheludko; a globally distributed, fully remote team with no disclosed physical headquarters
- Reports over 1 million registered users across 100+ countries, with some functions regionally restricted
- 24/7, multilingual customer support
Markets
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Who Biconomy is for
Biconomy may suit traders who want a wide selection of coins, pairs and derivatives in one account and who are comfortable with an offshore-registered exchange lacking Tier-1 oversight. The low liquidity rating from CoinGecko is worth weighing against order size before relying on it for larger trades.
Pros
- Broad asset coverage, spot, futures, options and earn products in one account, spanning several hundred coins and pairs
- Established since 2019 with a reported user base above 1 million
- Holds a US MSB registration, a baseline compliance step some fully unregistered offshore exchanges skip
- Maker-taker fees that scale down with trading volume
Cons
- No license from a major securities or derivatives regulator; an MSB registration alone does not cover derivatives oversight
- CoinGecko rates liquidity low despite headline daily volume above $1 billion
- Registered jurisdiction is reported inconsistently across exchange trackers, and no physical headquarters or leadership team beyond the CEO is disclosed
- Isolated, uncorroborated online complaints allege fund-access and negligence issues
Biconomy FAQ
Is Biconomy.com the same as the Biconomy blockchain/account-abstraction protocol?
No. Biconomy.com is a centralized crypto exchange founded in 2019. It is a separate company from unrelated Web3 infrastructure projects that also use the Biconomy name; this review covers the exchange only.
Is Biconomy regulated?
Biconomy holds a US Money Services Business (MSB) registration but is not licensed by a major securities or derivatives regulator. Exchange trackers most often list it as registered in the British Virgin Islands, though at least one source instead cites Canada.
What are Biconomy's trading fees?
Standard spot maker and taker fees start at 0.10% each and decrease with trading volume. Deposits are free; withdrawal fees vary by asset.
Is Biconomy safe to use?
No major, corroborated hack has been publicly reported as of writing. However, CoinGecko rates its liquidity low despite sizeable headline volume, and public disclosure about its finances, custody practices and any past incidents is limited.
Compare Biconomy with other crypto exchanges
See all crypto exchanges ranked by FYI →
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