Bitcoin Forum

Does anyone have some positive feedback from bilaxy.com exchange here?

I have a token that is listed there, with good volume too (as far as I can see on the site), but before I move my funds there, I need to be sure that there is no scam behind, so please share your experience if there is any

Tnx

Sorry I never heard about them before until now. Here is their whois record:

http://whois.domaintools.com/bilaxy.com

If you see the domain creation date is in February last year which means the site is fairly new comparing with the established sites like Poloniex or even Binance.

Some quick search on the forum and found this:
https://bitcointalk.org/index.php?topic=5164008.msg51828944#msg51828944
https://bitcointalk.org/index.php?topic=2407093.msg51822620#msg51822620 (use translation tool)

Anyway, in this kind of situation I go with small amount and see how they works first before to move a large some of money.

Anyway, in this kind of situation

Tnx for the fast reply

I've done a web search before asked the community, and I cannot test them without the KYC, this is why I am asking if someone has tested them before I send my docs to some possible scam

cause there is no way to make a withdrawal without the KYC passed

https://i.imgur.com/m5lCKqs.png

Okay you are in double trouble if you are sensitive about your privacy 😜
I can only wish good luck.


Edit:
By the way, you can ask these people in here: https://bitcointalk.org/index.php?topic=3339622.msg52012839#msg52012839

Their token seems like listed on that exchange and they may give you some information.

more I read, more am I suspicious
this is why the token I am looking last week has such as oscillations on a daily base, to good to be true...
it has to be fake volume and a big chance to be a scam exchange

Bilaxy is famous for listing tokens without any coordination with the team of the projects IIRC. I don't suggest you use their exchange.

Is there no other exchange that you can use? If your token is legit then there should be other exchange with decent volume too.

there is zero volume on Idex, is only showing volume on Bilaxy, and I have also big doubts on that token too, so I will not even mention it here...

i never heard it before, i am just visit the website and i see pair BIA/ETH the volume 24h is very high but pair with BTC the volume very low.

I visited some times the exchange  bilaxy but did not complete any trade yet because I can not find enough volume for selling or buying any crypto. Since this exchange is listing some popular coin so maybe will not make any disturb with low amount withdrawing. but I will suggest you to not enter a high amount in this type of exchange. Good luck

This is a reputable trading exchange. Although the transaction volume is not high, when sending money and withdrawing money are very quick. I quite like the way this trading exchange works

I spent a few minutes doing research outside the forum about this exchange and I must say that I found just this case:

https://i.imgur.com/rMxiL96.png

Source: https://foundico.com/exchange/bilaxy.html

I don't know if the problem has been solved, but I think the exchange must be very unpopular to not have many reviews or your customers are very satisfied with the services they provide. I talk about reviews outside the forum.

From some of the reviews I read about bilaxy, many of them say that bilaxy is not trusted but not a few also say scam. But here I will not say a scam on this exchange because so far I have not found a thread of problems about bilaxy in this forum.

Well because I have never tried this exchange and have read a number of reviews on telegrams and websites, in my opinion it is better for you not to trade or use this exchange. When viewed from a number of website ratings, bilaxy exchanges have a low rating which means little user trust. There are still many better exchanges than this with high confidence and high volume.

They are also not selective in accepting new tokens on their exchange. If you see it being telegram, many have protested at this exchange because they accepted a scam project on their exchange list.

So far they dont have any scam accusations or issues so i do presume they are fine to use at and since your token is just only listed on that place then its still your choice if you would proceed to sell out into that exchange or would wait up for other reputable exchange to list up those tokens for you to sell.Your choice!

I traded on Bilaxy, I don't see any problems except sometimes waiting to withdraw money a bit slowly. :)

Go to the scam sections and check if there are reports on that exchange, also check if they have an official thread here, and of course ask the developers of the token in their telegram channel about the reputation of the exchange directly, I'm pretty sure they have an idea because they are the one who will and research where to list their token.

How come this exchange is not so popular when it has $477,375,547 USD  trading volume. (https://coinmarketcap.com/exchanges/bilaxy/)
I don't want to quickly judge, but AFAIK based on what I read online, exchanges like this might be faking its volume.

Regarding OP's concern, unfortunately I don't see they have an ANN thread in the forum, so there not much of feedback we can read about the site.

I checked once their platform, but my impression with it was not a good vibes to me.  It has no good volume that's the first thing I discovered because it is still better to trade with the platform that has a great volume and huge traders too its an advantage actually.

Bilaxy has fake volume (wash trade) because when i sent Bitcoin to buy some tokens, i never couldn't buy because of their bots. So, you shouldn't use this exchange to buy somethings.

I have traded pretty many times in Bilaxy and it's completely legit. Besides, you should join their telegram group for the fastest support possible.
Their community is small but very active, don't worry.

ATTENTION: Our team has sent 0,50 btc couple a weeks ago in order to take advantage the offer of listing fee, till the end of October 2019 and list our Coin, we filled up the listing form from their website, for 2 weeks now they didn't respond to our emails and today they reply and they said that they know nothing and receive nothing.
Please note that yesterday they changed their website!!

Yes. I have traded on this exchange twice in times past and from my little observation i don't think it is a scam exchange.  It has been existing for quite some time now within this crypto space and it has been performing pretty well. The only issue the exchange has is lack of liquidity and volume.  Its trading volume is low and no much trade is ongoing on the exchange

Bilaxy regularly lists coins without the permission of the project, which makes it possible for many investors to trade earlier than expected. I think the exchange is very good in terms of trading volume and there is no problem of withdrawals so Bilaxy is also a very good option if you are a risk-loving investor. I often look for new projects at this exchange to invest early and lots of projects have helped me to make a very high profit.

In fact, Bilaxy is only for new coins so if you do not like the risk, it is best to stay away from this exchange because there have been many cases of losing money when trading.

bilaxy is undoubtedly a legit exchange but recently people have been spreading bad news about it because Bilaxy usually lists hot projects before those are listed on the official exchange.  Bilaxy only has this problem, besides it is a good exchange with good volume.

Never heard of it so obviously, I can't comment on this veracity, however, based on the comments above, it seems the some of the traders have used it in the past and didn't have any problems. But it doesn't mean that it is not a shady exchange, remember every exchange has the capability to run of users funds in an instant. So personally, I would stay with it and would go after exchanges that already build their reputation in the cryptosphere, IMHO.

My account has recently been disabled by Bilaxy without any reason. It still has quite a bit of money on it.

I've now been waiting for more than 3 weeks for any reply to my ticket whatsoever.
I still have faith that their support is just very busy and my account will be reactivated soon.
For now I don't recommend people to trade here.

It is a service I have used for a very short time before and I am not satisfied at all. Many trading pairs have bot transactions and it is almost impossible to trade because of these bots. In addition, I witnessed that they are also very difficult in depositing and withdrawing, as well as many times. If you do not have a special reason to use it, you should definitely not even have a membership in this exchange. As I mentioned, there are too many bot operations, so misleading volumes are formed. For these reasons, I am not satisfied, I stopped using it for a long time and I do not intend to use it again.

This exchange platform is not a good one, most p the coin listed to this platform are honestly not potential to trade-in.
That's the truth and reality things happen actually, it has a similarity to Latoken I think. Where most of the altcoins are
just a piece of shit sorry for the term.

I never know that exchange. I think you can try to send some amount to that exchange, and try to sell your token and withdraw your coin to another exchange. If that is safe, you can send another amount back to the exchange and sell it again. I think if you can do that fast, you can still make a profit and you can sell it without waiting for another price. Don't take too long to stay at the exchange, and do it as fast as you can so you can withdraw your profit in a short time. That is what I do if I need to sell the token to the exchange that I don't know.

Well you have your own judgment on their platform but for me it looks good enough to trade some coins, by far, not most of the coin listed on Bilaxy does not have any potential you just have to look at it in detailed way, It is just that 50 coins by estimation has a low trading volume on that exchange not that bad for an exchange that has been around for just 2 years. Shitcoins are everywhere, even on worlds greatest exchange by now.

Yes, i think you are right. I heard about this exchange last year and i tried to trade here couple of times too. But i didn't because of KYC. You are not gonna withdraw any amount before complete your KYC. This is the worst side of this exchange. I also recognize too there are so many bot trade activity. So many shit coin also down their reputation i think. For my opinion it's better to stay away from this exchange but of course i will hope they will worked on there mistakes and present their exchange properly to us. Cause crypto world need good quality exchanges.

Bilaxy is a good diversion I have traded coins there and a safe diversion but the volume of transport is not good for people who like to trade coins

Trading on Bilaxy is not good for those of you who want to trade quickly because the Voluma exchange market in Bilaxy is good, I suggest you to enter binance or you can see the best exchange here https://www.coingecko.com/en/exchanges

According to the results of an investigation I conducted on bilaxy exchanges, many shitcoins that are listing and also bilaxy have fake volumes.
Plus bilaxy exchanges are not popular, this is enough to convince me to avoid using bilaxy exchanges. Moreover, bilaxy exchanges require KYC
procedures, where our privacy is at stake. In my conclusion too risky to use bilaxy exchanges.

I used to trade at Bilaxy and it was pretty good. Bilaxy is quite reputable but it is not a famous exchange. Besides, it is only on par with Hitbtc, Coinbene. that is equivalent to sending a lot of money at Bilaxy which is very risky and I do not recommend using this exchange. We can choose big exchange like Binance, Huobi to trade, low fee and extremely high volume, safe for your assets as well.

Bilaxy has never had bad news about scam. It's a mid-range exchange and the volume isn't too high either. and so far, it has never scam any user and is quite legit. You can put a little money on it and trade, but I don't encourage you to use a lot of money to trade there. They have no guarantee for your property.

If will comparing about liquidity, bilaxy exchange legit than latoken. I know that existence of wash trade in bilaxy here i have trading experienced in many times, there no bad reputation still now. It’s quality good from latoken, this is quite known top exchange among of garbage exchanges.        

To the best of my knowledge I don't think there is anything wrong with Bilaxy exchange. I have used it several times and there was no issues at all neither have I heard of any issue or negative feedback from anyone, thus I can say they are not a scam exchange. Lastly, just like no exchange can be trusted in the aspect of funds security be it major exchanges or not, in the same way, I can say same about Bilaxy exchange, but apart from that, the exchange is quite good, user-friendly and have fast withdrawal as well.

I've used bilaxy a couple of time and i must say it's one of the most decent exchanges out there. Muly transactions went smooth without any issue,the volume on virtually all their listed assets is impressive and the easy to use nature of the exchange is amazing. I never had bad experience with them, they are perfect mid-range exchange, i fully recommend them

I have never heard of Bil Wax, but I will try to find out after this article because many people are recommending it. However, currently I only use exchanges that are encouraged like Binance or Huobi because these are the two biggest exchanges in the crypto market and still bring a lot of new opportunities for investors.

This is an exchange where some of my bounty coins in the past were listed but they don't have a good volume so I just don't mind them for now.
I am also interested on this thread so I can see some feedback from those who are using the site, based on what I read, this site is not seem to be a good site.

per CMC record, they have over $2 billion trading volume in overall (https://coinmarketcap.com/exchanges/bilaxy/).
Not sure if they are telling the real volume or just faking it.

Anyone knows of a way to contact Bilaxy? It seems Bilaxy scammed me out of my account and took my money.
I haven't received any reply to my ticket for over a month now.

Don't use Bilaxy!

There are not many investors involved in this exchange, and this exchange often lists famous coins without ever consulting other people, which makes me feel very angry sometimes. However, the liquidity of this exchange is very bad and is the reason that I never use it again because it only makes your investment riskier. Anyway, withdrawals are normal, but the transaction fee here is very high.

yes, if you look at their total trading volume, you'll be amaze but most of their low volume coins has a very little liquidity rate.
Good thing CMC added this kind of feature, this would help us in determining if the exchange is liquid or not.

per cmc -  https://coinmarketcap.com/exchanges/bilaxy/

https://imgbbb.com/images/2020/05/18/liqid.png

Is there a threshold before they practice KYC? I wonder if they say KYC as a cover only.