From Promise to Silence
BiONE launched in 2018 as a Singapore-based exchange offering hundreds of tokens and low fees. It grew fast and looked solid, but within a few years, it disappeared completely.
How It Worked Back Then
During its best days, BiONE supported over 300 trading pairs, margin products, OTC options, and even ETF-like instruments. The interface was simple, charts loaded quickly, and newcomers liked the ease of use. KYC was mandatory, and security claims included ISO 27001 certification and cold wallet storage.
Fees and Features
The exchange charged a flat 0.20% trading fee for makers and takers. BTC withdrawals cost 0.0005 BTC, cheaper than most rivals. Card deposits were allowed with extra charges, while crypto deposits were free. For a while, this pricing helped BiONE attract traders.
When Things Went Wrong
Complaints about stuck withdrawals appeared first. Users reported vague answers from support and delayed responses. Social channels went quiet. By late 2021, the website stopped loading, volumes hit zero, and aggregators flagged the platform as inactive. No statement was issued by the team.
Security Promises vs Reality
Despite marketing its security protocols, BiONE froze withdrawals and gave no explanation. There was no hack report, no bankruptcy filing — just silence. This lack of transparency destroyed trust.
User Experiences
Traders remember a simple and friendly platform at the start. Orders filled quickly, and the interface felt clean. Then came the freeze: funds were locked, support stopped responding, and the community warned others to stay away.
Strengths Remembered
- Low trading fees compared to competitors
- Hundreds of trading pairs, including rare altcoins
- Beginner-friendly interface
- Security structure that seemed solid on paper
Fatal Flaws
- Blocked funds without explanation
- Zero communication from the company
- No trading activity since late 2021
- Site and support vanished
Status in 2025
Today, BiONE is gone. The domain is offline, the team disappeared, and users never recovered their funds. Tracking sites list it as inactive with zero pairs and volume.
Lessons for Traders
The BiONE case proves how quickly exchanges can fail:
- Do not store funds on platforms without strong transparency
- Security badges mean nothing if withdrawals freeze
- Always monitor company updates and community warnings
- Keep control of your assets whenever possible
Final Words
BiONE started as a promising exchange but ended as a dead link. For anyone finding old BiONE apps or links — avoid them. The service is gone. This story shows why trust and communication are as important as low fees and token lists.