Quick Background
Bilaxy came online in 2018 from Seychelles, chasing a vision of being the go-to hub for exotic tokens. It locked in a reputation for heavy altcoin exposure, with 400 to 500 listed assets and hundreds of pairs. Its flat fee model runs 0.2% for all, dropping to 0.1% when paying with the in-house BIA token.
The exchange is crypto-to-crypto only — no fiat lanes, no futures, and no leverage. It carved a niche by moving fast on new listings and leaning into risk-heavy markets.
Market Coverage and Trading Experience
Daily turnover hovers between 70 and 80 million USD. Most volume sits in BTC/USDT, ETH/USDT, and SOL/USDT, but the long tail is where it stands out — microcap and obscure tokens are common. Traders focused on new launches and illiquid plays find steady action here.
The interface uses TradingView charts and direct order book views. The BIA token sweetens fees and occasionally delivers airdrops or referral perks. The mobile app is functional for quick trades, though feedback on stability varies by region.
Key Stats
Here’s a condensed look at the platform’s essentials. This helps map its scope and what kind of trader it attracts, especially in the altcoin segment.
| Metric | Value |
|---|---|
| Launch Year | 2018 |
| Coins Listed | ~400-500 |
| Trading Pairs | Several hundred |
| Daily Volume | ~70-80 million USD |
| Fees | 0.2% - 0.1% with BIA token |
| Extras | BIA token, referral, mobile app |
Strengths and Weaknesses
Like most niche exchanges, Bilaxy shines for a specific crowd and falls short for others. Here’s a quick breakdown.
Strengths
- Massive altcoin roster, including rare and early stage tokens.
- Simple flat fee with extra discount for BIA token use.
- Accessible via both web and mobile platforms worldwide.
Weaknesses
- Unregulated with minimal operational transparency.
- Support feedback suggests slow responses and ticket delays.
- Past hack in 2021 leaves lingering trust concerns.
Security and Trust
The platform suffered a major ERC-20 hot wallet breach in 2021 but reimbursed users from its own reserves and resumed operations. No official regulatory oversight exists, though KYC is mandatory. Reputation remains fragile — active but not refined.
Who It Suits
Best for token hunters, arbitrage players, and those chasing new listings. Poor fit for regulation-focused investors, fiat traders, or institutions needing top-tier liquidity.
Final Thoughts
Bilaxy is a pure play on token variety and speed to list. It’s rough around the edges, but for traders chasing obscure opportunities, that’s the draw. For stability seekers, safer waters lie elsewhere.