Binfinity
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binfinity.io
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Binfinity is a young cryptocurrency exchange with low commissions and bonuses for internal platform token holders.
Cryptocurrency exchange
Website
Social media
Date of foundation
2019
Head Office
115 Pitt Street Sydney, New South Wales, Australia 2000
Types of support
Online Chat
Twitter
Facebook
Telegram
Languages
English, Spanish
Founder
Binfinity Securities Ltd.
The owner of the company
Binfinity Securities Ltd.
Manager
No data is given
Investors
Eight Roads
Minimum entry amount
Verified
Cryptocurrency
  • From 1e-8 BTC
Fiat
No limits
Unverified
Cryptocurrency
Not available
Fiat
Not available
Maximum input amount
Verified
No limits
Unverified
Cryptocurrency
Not available
Fiat
Not available
Minimum withdrawal amount
Verified
Cryptocurrency
No limits
Fiat
  • Bank Transfer: to 10 USD
Unverified
Cryptocurrency
Not available
Fiat
Not available
Maximum withdrawal amount
Verified
Cryptocurrency
No limits
Fiat
  • Bank Transfer: to 10 000 USD
Unverified
Cryptocurrency
Not available
Fiat
Not available
Exchange Commission
Withdrawal fee: To 0.0005 BTC / To 0.01 ETH / To 0.01 BFC / To 1.5 PAX
Trade Commission: From 0.06 to 0.2 % for maker / From 0.06 to 0.2 % for taker
Terminals
Author's platform
Age restrictions
From 18 years
Number of cryptocurrencies
4
Number of trading instruments
20+
Margin Trading
No
Tokenized assets
BFC - internal platform token
Free Demo Account
No
Types of accounts
Execution of orders
Market order, Limit Order, Stop Orders, Stop Limit Order
Methods of replenishment
Bank card (Visa/MC), Wire transfer, Cryptocurrencies
Withdrawal methods
Cryptocurrencies, Wire Transfer
Account currencies
Cryptocurrencies
Types of cryptocurrencies
BTC, ETH, PAX, USDT, etc.
Licenses
Licensed
Australian Financial Services Licence AFSL 298464 (Active)
Mobile applications
Has mobile apps (Android)
Trader training
No
A way to store cryptocurrencies
Cold: yesDigital assets are stored in the exchange's offline vault
Hot: no
Fiat accounts
The account can be used for exchange and withdrawal of funds
Scalping
No
Stop Loss and Take Profit Function
Yes
Exchangeability for fiat currencies
The exchange is possible in the course of trading. BTC can be exchanged at the exchange platform
Store
Built-in store where you can buy BTC
Basic verification
You need to confirm the email address
Extended AML verification
Regulatory laws
Regulator: ASIC - Australian Securities and Investments Commission
International data protection law
Canadian law
API
Read moreAPI Documentation
Bonuses
Affiliate Program
RegistrationReward up to 40%
Benefits
Real-time updated courses
High level of security
Quick registration and verification
Quick transfers
Support for popular cryptocurrencies
Bank card support
Low commissions
Operational helpdesk
Disadvantages
No online reviews
Small selection of cryptocurrencies
Company requisites
Overall assessment
7.5/10
Date of update
27.04.2022
    Address
    115 Pitt Street Sydney, New South Wales, Australia 2000

    Binfinity is it a scam? Reviews and description

    Published: January 21, 2022 Updated: April 27, 2022


    Cryptocurrency exchange Binfinity started operating in 2019. The main office of the company is located in Australia. The platform provides trading services with popular cryptocurrenciesand also offers discounts to BFC token holders and a lucrative referral program. In addition, the platform has an exchanger, where you can buy Bitcoin. In this review, let's look at the cryptocurrency exchange's features, additional services, and reviews of the platform to understand whether Binfinity is a scam or a promising cryptocurrency exchange for safe trading.

    binfinity.io registration

     

    Why Binfinity?

    Platform for cryptocurrency trading Binfinity - is a young, dynamically developing project offering traders a wide range of instruments and the best prices. The platform is designed for institutional and private traders. The cryptocurrency exchange allows the execution of all traditional trading orders, including market orders, take profit, stops and limits. Investors in the service include private investment firm Eight Roads. Among the pluses of trading on the platform are:

    • Courses updated in real time.
    • High level of security.
    • Quick registration and verification.
    • Quick transfers.
    • Support for popular cryptocurrencies.
    • Bank card support.
    • Low commissions.
    • Operational helpdesk.

    Despite the fact that the company has been operating for just over two years, it has already managed to win the trust of traders. The number of platform users is growing every day. The company offers not only a convenient web platform, but also a mobile application for trading at any time.

     

    How to exchange cryptocurrency on the Binfinity platform?

    The Binfinity platform offers not only cryptocurrency tradingbut also to buy Bitcoin from the built-in exchanger. By clicking on the "Store" tab, you can buy or sell Bitcoin in minutes. You can also exchange cryptocurrencies on the platform during trading. To do this, go to the trading terminal, select a currency pair and open an order.

     

    Verification at binfinity.io

    To use the platform services binfinity.io registration is required, as well as verification of identity. Registration takes no more than 5 minutes. To create an account, go to the "Registration" tab in the upper right corner of the page. The registration form requires an email address, password, and country of residence.

    After that, you need to agree to the terms of the user agreement and privacy policy. Then click the "Register" button. After creating your account, you need to confirm your email address. To do this, follow the link in the email sent to the email address you specified during registration. After creating an account, you need to verify your identity. Verification can be done in one of two ways:

    • Via mobile app. This verification method requires you to install the Binfinity app on your phone. Open the app and scan the QR code. Then follow the instructions. A passport and proof of residency will be required for verification. The verification is done automatically.
    • Via web form. If you choose this method of verification, you will need to fill out a questionnaire with personal data and attach documents proving your identity, such as a scan of your ID card, a document proving your residence registration, or a selfie with your ID card. Verification is done manually and can take several days.

    Binfinity verification

     

    Deposit and withdrawal

    Deposit to a cryptocurrency exchange binfinity.io You can deposit it in USD or cryptocurrency. To deposit to your account, go to the tab "My Wallet", select the currency of the deposit and click "Deposit". Depositing is available from credit card, by bank transfer and from cryptocurrency wallets. The minimum deposit amount in cryptocurrency is 0,00000001 BTC.

    To withdraw your earnings, go to "My Wallet" - "My funds" - "Withdrawal". To withdraw cryptocurrency, specify the address cryptocurrency wallet and confirm the transaction. The minimum withdrawal amount is 10 USD, the maximum daily withdrawal limit is 10 000 USD.

    binfinity.io recharge

    Cryptoexchange Commission

    There are 2 types of commissions at Binfinity crypto exchange, withdrawal commission and trading fees. Withdrawal fees are calculated separately for each currency, for example:

    • BTC - 0.0005.
    • ETH — 0.01.
    • BFC - 0,01.
    • PAX - 1,5.

    Trading commissions at the exchange are calculated taking into account the monthly volume of trader's trades and are from 0.060 to 0.2001 makers and takers.

     

    Binfinity Bonuses

    The cryptocurrency exchange gives discounts and rewards to internal token holders. Here you can get discounts on trading commissions and increased referral fees.

    Discounts on trade commissions

    Holders of the internal platform token receive an additional 50% discount on trading commissions. To receive the discount, you must pay the commission at BFC.

    Binfinity discount

    Referral program binfiniti.io

    Binfinity offers users a comprehensive referral program. Any registered user of the platform can join the affiliate program. The referral reward is up to 40% of the commissions paid by the referral. To receive the maximum referral reward, you must have 500,000 BFC or more in your account.

    Binfinity referral program

     

    Complaints about Binfinity

    Unfortunately, we didn't find any reviews about Binfinity cryptocurrency exchange online. If you have any experience with this crypto exchange, leave your opinion about the platform under this review. Your opinion will help our other readers to understand how reliable this service is.

    If there are any complaints about Binfinity, we will be sure to post on social media. Sign up so you don't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Regulation of the Binfinity crypto exchange

    Before registering on any of the cryptocurrency exchanges, it is necessary to find out whether it is regulated and in which country the company is registered. This information should be written in legal documents and be publicly available on the website.

    Regulator

    The cryptocurrency exchange Binfinity is managed by Binfinity Securities Ltd. The company is officially registered in Australia and has a financial services license number 298464. Documents binfinity.io:

    • Read the "User Agreement" on binfinity.io (See).
    • Read the "Privacy Policy" on the Binfinity Exchange website (See).
    • Read the Binfinity license (See).

    Binfinity.io User Agreement

    According to the terms of the user agreement, registration on the crypto-exchange is available to persons over 18 years old. Registration is available to individuals and legal entities. To create an account, the user must fill out a registration form and pass the KYC check.

    Binfinity User Agreement

    The administration of the crypto-exchange reserves the right to suspend or cancel the transaction at any time and for any reason without prior notice. Also, the administration has the right to limit the number of open orders and the amount to transfer funds. If fraudulent actions are suspected, the administration has the right to suspend permission to trade and withdraw money.

    binfinity.io terms of use

    Customer Service

    Binfinity cryptocurrency exchange provides 24/7 customer support. Before contacting the support team, read the information provided in the user agreement, FAQ and Blog pages. The service's support team can be contacted via:

    The response time of the support operator in some cases can take up to 24 hours. Requests are accepted around the clock.

     

    Is Binfinity a scam?

    Binfinity - a young Australian cryptocurrency exchange offering traders to buy/sell popular digital assets. The company is officially registered in Australia and is licensed to provide financial services. The distinctive features of the service include support for buying cryptocurrencies for fiat, a built-in exchange and the ability to buy cryptocurrencies according to a predetermined schedule. The platform offers a proprietary terminal with support for popular orders.

    After analyzing the platform, we came to the conclusion that Binfinity is not a scam. The site provides all the necessary documents, the platform requires mandatory identity verification and its investor is a large investment company called Eight Roads. Please read the terms and conditions of the user agreement carefully before you register on the site.

     

    Conclusion

    In conclusion, I would like to note that the project Binfinity inspires confidence and may become one of the leading cryptocurrency exchanges in the future. The project is constantly developing, regularly adding new digital assets and improving trading conditions. To receive maximum discounts and referral program payments, you need to purchase the platform's internal token, which can be used to pay commissions. Register on the exchange, make a deposit and use all the resources of the platform to earn money.

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