Biconomy Review 2026

Our Verdict

🌍 Founded in 2019, Biconomy is registered in the British Virgin Islands and based in Dubai, UAE

📊 Offers spot, perpetual futures (up to 100x), and copy trading

🔒 Security is below average: no proof of reserves and no deposit insurance

💳 Deposits available through third-party providers and P2P transactions

💸 High fees that vary according to pairs, with maker/taker rates reaching up to 6.2% / 6.2% for the BIT/USDT pair.

📞 Customer service is average, with slow support for email

👉 In my opinion, Biconomy is best suited for intermediate to advanced derivatives traders, rather than beginners

Biconomy Pros and Cons

Is Biconomy Right for You?

Not all traders have the same needs: some want simple mobile apps, while others look for advanced tools like leverage or social trading. To cover everyone, we categorize traders into seven main groups. Our review method is straightforward: we assess strategies, match them with platform features, and rank exchanges as a perfect match, a good choice, or not recommended.

Biconomy is unsuitable for DCA, margin, algorithmic, or position traders due to missing features, but it works well for most other trader types. Here’s our verdict:

Supported Countries and Regions

Biconomy is available in more than 150 countries. According to its website, it doesn’t provide any details on restricted countries or regions. Upon contacting the live support chat, the agent clarified that users from the United States aren’t restricted from using Biconomy services and products.

Biconomy Bonuses and Special Offers

Biconomy offers beginner tasks for new users, which must be completed within 30 days.

• Users can earn up to 800 USDT by registering, completing verification, depositing, and trading.
• An additional 200 USDT in rewards is available through trading activities.
• Referral rewards allow users to earn up to 40% commission and share in a $50,000 BIT bonus pool by inviting new users.

Biconomy Background

Biconomy is a cryptocurrency exchange founded in October 2019. It is a KYC-mandatory exchange with over 500k verified users. According to its website, the CEO is Dmitry Scheludko, an advisor to multiple crypto projects with degrees in Economics and Psychology from Yale University.

Security & Transparency

Cybersecurity Measures

Account protection includes Google Authenticator, customizable fund passwords, and secure transaction approval via biometrics.

Bug Bounty Program

Biconomy’s bug bounty rewards top at around $500, lower than industry leaders like Bitstamp or Binance. The “External Threat Intelligence Handling Standards” define how vulnerabilities and threat reports are managed internally.

Regulatory Compliance

Biconomy claims to follow FATF (Financial Action Task Force) and GDPR (General Data Protection Regulation, an EU law) standards, but when I twice asked support to verify its licensing and regulation list, they only gave a generic reply citing confidentiality. This makes their regulatory status unclear.

Bit Paper documents state that it has a financial license in Canada and a US MSB license and has opened deposit channels in Canadian dollars, Euros, credit cards, and other fiat currencies.

Corporate Communication Structure and Transparency

Biconomy communicates openly with its clients and users via its social media platforms. The crypto exchange has X, Telegram, LinkedIn, Facebook, Instagram, and TikTok as part of its social channels. The platform is transparent about its trading and non-trading fees.

Verified Trusted Scores

Biconomy’s verified scores and third-party rankings are higher than those of Tapbit or BYDFi, mainly because there have been no past breaches and added security measures like 2FA and a bug bounty program.

Know Your Customer (KYC)

KYC verification at Biconomy is compulsory.

Is Biconomy Safe to Trade With?

Biconomy’s security framework offers essential protections and regulatory credibility. Strong smart-contract audits and a structured threat-response system underline its commitment to safety.

However, the lack of Proof of Reserves and insurance coverage reduces transparency and risk protection. Without greater public audit transparency and enhanced safeguards, advanced traders will find Biconomy’s trust posture solid, but not industry-leading.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated Biconomy, including signing up, completing KYC, logging in, depositing, withdrawing, testing trading pairs and conversions, and assessing transfer and withdrawal fees. This comprehensive review helps us provide an informed analysis of Biconomy’s usability, features, and costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

Creating an account required an email or phone number, a password, and T&Cs confirmation.

After email verification, I was directed to the KYC page to verify my identity, and I completed the primary verification within hours.

I deposited 0.52 LTC from Binance. The fee was 0.0001 LTC, and funds arrived in under 6 minutes.

Step 2: Trading

Spot Trading

• Pair: LTC/USDT.
• Market order: Executed instantly, but split into two batches. Fees: 0.046 USDT + 0.086 USDT.
• Limit order (USDT/LTC): Filled in seconds, fee 0.001 LTC.

Futures Trading

• Pair: LTC/USDT Perpetual.
• Leverage: 5x, long position via limit order.
  Closed position later with ~$0.5 profit. Execution was smooth.

Step 3: Withdrawal and Review

Withdrawals can be on-chain or internal.

• I withdrew 65.83 USDT (BEP20).
• Fee: 1 USDT.
• Security: Confirmed via SMS, email, and Google Authenticator.
• Funds arrived on Binance in ~9 minutes.

In my opinion, the trading process was straightforward. Deposits and withdrawals were quick, and orders executed without issues. The only drawback was spot trades splitting into batches, which slightly increased fees.

Desktop Version

Biconomy’s desktop version is designed for active traders and offers essential tools for market analysis and trading execution.

• TradingView charts, order book depth, and leverage customization
• Tools included: drawing tools, watchlist, and conditional orders

Trading interface

The desktop dashboard integrates TradingView for advanced charting and supports drawing tools, watchlists, and customizable leverage settings.

• Smooth navigation (tested on Chrome, no lags)
• Clear layout: “Buy Crypto,” “Finance,” “Listing,” and “Wallet” sections
• Real-time data for major pairs
• Missing technical indicators, traders must rely on TradingView tools

Spot & Futures Trading Overview

Spot trading: Supports limit, market, and conditional orders. Execution is fast, and fees are transparent.

Futures trading: Offers up to 100x leverage, with isolated and cross-margin modes. Position metrics (entry price, liquidation price, margin ratio, PnL) are clearly displayed.

Markets available: Major pairs such as BTC, ETH, SOL, and XRP with real-time order book depth and liquidity.

Copy Trading

Biconomy supports copy trading, allowing users to follow experienced traders directly from the platform. Profiles display performance history, ROI, and strategies.

Biconomy Labs

Biconomy Labs focuses on early-stage blockchain projects in Web3, Metaverse, NFTs, and GameFi. It provides strategic funding and advisory support to help developers build sustainable blockchain ecosystems.

Key support areas include:

• Business planning & technical support for blockchain startups.
• Legal guidance for regulatory compliance.
• Marketing and PR assistance to build community traction.
• Token economy design & ecosystem consulting to enhance sustainability.

Biconomy DAO

Biconomy DAO allows users to vote for the best crypto projects. The winning project receives a free exchange listing.

How it Works:

1. Choose a project.
2. Use $BIT tokens to vote.
3. The project with the most votes gets a free listing, and the BIT tokens used for voting are burned.

Biconomy Earn

Offers staking and savings products with flexible and fixed terms.

• USDT: 6% – 12.88%
• BTC: 2% – 6.5%
• ETH: 1.5%
• BNB: 1%
• BIT: 3% – 7%

Rates are competitive but vary depending on lock-up periods.

Biconomy API

Biconomy offers API access for developers and institutional traders to integrate automated trading strategies.

Features:

• Up to 30 API keys per user.
• IP whitelisting for security (10 max per API key).
• KYC is required before creating API keys.

Biconomy’s API allows users to execute trades, access market data, and develop automated strategies.

Mobile App

Biconomy’s mobile app mirrors most desktop functions, with sections for Home, Markets, Trade, Futures, and Wallet. Navigation is smooth, with a search bar for tokens and a QR code login for desktop. In my opinion, the app is fast and practical for everyday trading, but the absence of TradingView is a drawback for advanced users.

• Trading Features: The app includes eight built-in indicators, but no TradingView. Order placement is fine, though advanced charting is limited.
• Watchlist: Available under “Markets,” where users can mark favorites.
• Wallet & Withdrawals: Simple to use; withdrawals take less than three steps, and it worked smoothly in my testing.
• Market Discovery: The Home screen highlights the top gainers, losers, and new listings but lacks the extra sentiment tools found on larger exchanges.

My Key Takeaways After Testing Biconomy (Desktop and Mobile)

In my experience, the platform runs smoothly, but it’s clearly not built with beginners in mind. The lack of simple navigation tools makes it harder to get started if you’re new to trading.

• Both desktop and mobile are designed for intermediate to advanced traders, with no “basic mode”.
• The mobile app has a token search bar, but it doesn’t cover features. On desktop, there’s no search at all, making navigation less intuitive compared to Binance or Bybit.

Fees

Spot Maker/Taker Fees

In our review of spot fees, we analyze fees across three tiers based on trading volume, highlighting savings through native tokens and discounts. Our approach provides a clear view of fee structures benefiting traders of all levels.

The first tier covers casual traders trading under $10,000 monthly, with higher tiers for more experienced traders. We categorize users by trading style and spending, and compare fees with industry standards to assess affordability.

Biconomy’s fees are straightforward, but they might not be as attractive for active traders who expect tiered discounts.

Futures Trading Fees

• Maker: 0.02%
• Taker: 0.06%

These rates are competitive but slightly worse than Binance’s 0.0200% / 0.0500% tier for high-volume users. Biconomy does not provide volume-based discounts.

Deposit & Withdrawal Fees

Deposit Options

In my opinion, traders looking for lower fiat deposit fees might prefer exchanges like Coinbase or Binance, which offer free ACH deposits. For instance, depositing $1,000 through Alchemy Pay on Biconomy can cost up to $45 in fees, whereas the same transaction on Coinbase via ACH would be free.

Withdrawal Options

Since there is no fiat withdrawal option, only crypto is supported. Check their withdrawal fee rates here, but the actual fees depend on network congestion and withdrawal amount.

Are Biconomy’s Fees Competitive?

Biconomy’s fee model is simple and predictable. It applies equally to all users, with no discounts for high-volume traders.

Fiat deposit fees are notably high, and the lack of redemption options (ACH, SEPA) is a drawback. For casual spot traders, Biconomy remains viable, but high-volume or fiat-focused users may prefer platforms offering dynamic fee tiers and cheaper deposit methods.

Available Cryptocurrencies

Cryptocurrencies Available at Biconomy

• Major Coins: BTC, ETH, SOL, LTC, ADA
• Niche Coins: Meme, DeFi, KRC-20, AI, Layer1/Layer2
• Meme Coins: Dogecoin, SHIB, BONE, PIT

BIT Token

Biconomy’s ecosystem token, BIT, is integrated into its products and chain. According to the official whitepaper, holding BIT can give users benefits such as fee discounts, governance voting, and potential passive earning programs. Its role extends to Biconomy’s DEX, NFT marketplace, and planned DeFi services.

Launchpad & IEO

Biconomy runs a Launchpad and an IEO platform where projects can raise capital and gain visibility. These tools give users early access to new tokens, particularly in gaming, NFT, and metaverse categories. The Launchpad is also promoted as offering financing support and project promotion.

Key benefits include:

• Financing support to help cover project costs.
• Metaverse ecosystem integration, linking projects with potential partners.
• Extensive project promotion to increase community engagement and visibility.

Projects can apply for listing via Biconomy’s official channels (website or Telegram), and once approved, they gain visibility across Biconomy’s global trader base.

Access to Stablecoins and Fiat-to-Crypto Trading

Biconomy allows trading with stablecoins:

• USDT
• USDC

Exchange Liquidity

Biconomy executes trades efficiently due to its competitive liquidity. With a rating of 783 (according to CoinMarketCap), it ensures better trading experiences and fast trade execution. Compared to competitors, this is higher than exchanges like Luno, BTCC, or WhiteBit

xStocks

xStocks is another program within Biconomy that lets users trade stocks in a way similar to trading cryptocurrencies. Here, I found stocks like NVDAX, COINX, and MCDX. While exploring the interface, it feels very much like trading crypto. If you’re not paying close attention, you might not realize you’re in a stock trading interface.

You will find features such as limit and market buy options. There’s also a TradingView integration, order book, trade history, and depth charts all within the same interface. I think this is a great option for traders who want to have both crypto and stocks on one platform.

Deposits & Withdrawals

Biconomy Deposit Methods

Biconomy offers limited payment options for fiat deposits, primarily through third-party payment methods like Alchemy Pay and Banxa. The minimum deposit is $60, and over 10 fiat currencies are supported.

Deposit options can vary significantly by region. Always check the exchange’s official site for the most accurate and region-specific deposit information.

P2P Trading

Biconomy’s platform includes a P2P trading feature. However, in my tests spanning a whole week, I found no active merchants or trades, similar to low-activity P2P markets on platforms like Tapbit. For this reason, it’s more of a placeholder feature than a reliable option.

Biconomy Daily Withdrawal Limits

Biconomy offers tiered withdrawal limits based on verification. Advanced verified users can withdraw unlimited amounts, making it more flexible than stricter exchanges like Bybit.

Customer Service

Biconomy Customer Support Test

We test customer service by contacting support via all available methods with hypothetical problems. We assess response time, help quality, and the ability to speak with a human, measuring their capacity to assist active traders and casual investors.

Email Test

I sent an email asking about proof of reserves, insurance coverage, and how they store customer funds. After waiting several days, I received no response at all, something that puts them behind competitors like P2B.

Live Chat Test

I connected to an agent in under five minutes. The interface is clean, and the agent was polite. Basic account and KYC-related queries were answered quickly and clearly. But when I asked about more technical topics, like detailed custody policies, the answers were either incomplete or avoided altogether.

Overall, Biconomy’s customer service is fast but shallow. It is good enough for beginners with basic questions, but not ideal for advanced traders who expect detailed, transparent answers.