Biconomy review

Biconomy supported cryptocurrencies

Biconomy offers an impressive lineup of 227 different cryptocurrencies, from well-known giants like Bitcoin and Ethereum to a diverse array of intriguing altcoins. With 231 trading pairs available, you have a wealth of opportunities to explore and trade.

Biconomy supported fiat

Biconomy makes it easy for everyone by supporting a variety of fiat currencies like AED, AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, IDR, INR, JPY, KRW, MXN, MYR, NOK, NZD, PHP, PLN, QAR, SAR, SEK, SGD, THB, TRY, TWD, USD, VND, ZAR. This means you can deposit and withdraw funds in your local currency without any hassle.

Biconomy deposit and withdrawal methods

Biconomy makes deposits and withdrawals easy by supporting popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT. For those who prefer fiat, deposits via bank transfer are also available in certain regions. When it comes to withdrawals, fees and minimum amounts depend on the cryptocurrency you’re using. For example, withdrawing BICO usually costs between $1.08 and $6.56, depending on the platform.

Biconomy loans

Biconomy doesn't currently offer loan services. They focus on trading, staking, and earning programs, like Biconomy Earn, where you can lock assets and receive rewards. If you're looking for loan features, Biconomy isn't providing them at this time.

Biconomy restricted countries

Biconomy restricts access in some countries due to local regulations. For example, regions like North Korea and Iran are typically restricted. If you're unsure whether your country is supported, it's a good idea to review Biconomy’s terms or reach out to their support team for details.

Is it possible to use leverage or margin trading on Biconomy?

Biconomy offers both margin and leverage trading, allowing you to use up to 200x leverage on perpetual futures. You can choose isolated margin, which limits potential losses to the margin for that specific position, or cross margin, which uses your entire account balance to help avoid liquidation. It's a flexible system that can help you manage risk while trading.

Biconomy Spot Trading

Biconomy offers a user-friendly spot trading platform with support for over 140 cryptocurrencies. Recent improvements have made transactions faster and more secure, ensuring a smooth experience for managing deposits and withdrawals. It's designed to provide stability and reliability for users trading various assets.

Biconomy Earning Services

Biconomy offers earning services through Locked Products, allowing you to deposit tokens like HOPPY, MTC, and BCCOIN to earn interest. The APRs go up to 120%, with different terms depending on the product, including specific minimum and maximum deposit amounts. It's a flexible way to grow your assets while holding them securely.

Biconomy OTC Trading

Biconomy provides OTC trading, a useful service for those looking to execute large trades without affecting market prices. It's designed for users with significant crypto holdings, ensuring a smooth and discreet transaction process. This feature helps minimize slippage and avoids thin order books.

Biconomy Fees

Biconomy applies a 0.20% fee for both takers and makers on trades, which is quite reasonable compared to industry standards. Withdrawal fees for BICO token typically range from $2.25 to $8.14, depending on the platform used. It's always a good idea to double-check the latest fees on Biconomy’s website, as these can change based on market conditions. This ensures you're aware of any adjustments before making transactions.