Buxano
Total reviews 4
No complaints yet
4.8
Unconfirmed company
buxano.com
Go to the website
Buxano is a broker with a proprietary P2P cryptocurrency options trading platform with conversion via bitcoins, an advantageous referral program and access to the global market.
Binary Options Broker
Official website
Social network
Date of foundation
1970
Types of support
[email protected]FAQFeedback form on the site@buxanoTickets in my personal cabinetIn the trading terminalFacebookTwitter
Languages
English
Terminals
Author's platform
Liquidity providers
CoinMarketMap, Cryptocompare.com, TradingView
Min. first deposit
From 1 USD
Min. rate
From 0.0002 BTC
Brokerage commission
Trading commission for successful transaction - 10% (not less than 0.0005 BTC), withdrawal commission - 0.0005 BTC
Payment terms
Up to 24 hours on a first-come, first-served basis
Payments
Until 90 %
Free demo account
Types of options
Call/Put, Touch/No Touch
Adjustable
Yes
Regulators
Legislation of the Seychelles
Types of accounts
Methods of replenishment
Cryptocurrencies
Withdrawal methods
Cryptocurrencies
Number of assets
10+
Types of assets
Cryptocurrency
Currency
Number of indicators
81
Account Currencies
BTC
Expiration
From 5 minutes to 30 daysCall/Put
From 1 hours to 30 daysTouch/No Touch
Mobile apps
No mobile apps available
Weekend trading
Yes
Tournaments/competitions
Yes
Trader training
Blog, instructions, e-textbook
Affiliate Program
Registration2.5% of the referral's transaction value
Advantages
No identity verification is required to trade
Access to the world market with trading in a convenient time zone
11 timeframes, from 1 minute to 1 month
Customers share the results of the transaction on social networks
Encrypting user personal data
Commission is charged only on winning transactions
There is a referral program
Two-factor authentication (2FA) to protect your account
Withdrawal requests are processed from a few hours to a day
Disadvantages
Price indices from CoinMarketMap and Cryptocompare.com, which are not trusted by experienced traders
Only bitcoins are traded
The site does not provide legal information about the broker
Date of update
April 19, 2023
Overall assessment
7.4/10

    Buxano is this a scam? Review and Reviews

    Published: 16 February 2021 Updated: 19 April 2023

    About the broker Buxano little is known: who its legal owner is and where its office is located, how to contact it directly, by phone, rather than through anonymous messengers – all this is not mentioned on the website. On international rating platforms like Trustpilot, the service provider is also not mentioned.

    So what is Buxano – a scam or an anonymous, but reliable service, which appeared quite a lot in the last 10 years? Let’s study all the data available in the public domain and draw our own conclusions.

    Buxano reviews

     

    Terms of trading with Buxano

    To start trading at buxano.com, there are two ways. The first is to click “Start Trading Now” on the home page and follow the link “You don’t have an account yet?” below the login form. The second – just select “Sign Up” in the upper right corner of the Internet resource.

    Buxano.com customer reviews

    One way or another, you will see a questionnaire that you will have to fill out in English, with your First name, Last name, Nickname, email address, and password (which you will be asked to repeat to be sure). You also agree to the terms of the user agreement.

    Buxano reviews

    Finally, you will confirm your e-mail by clicking on the link in the letter you received from Buxano and log in with your username (this e-mail) and password. Verification will not be required at these stages. But as soon as you decide to deposit, you will have to go through a two-factor authentication procedure (2FA), for which you will specify and confirm your mobile number. The account only opens in bitcoins. You start trading right away, because the demo is on a separate domain – testnet.buxano.com (we’ll come back to it later).

    Binary Options Broker Buxano offers trading in cryptocurrency pairs, fiat (represented only by American dollar) and tokens. Two types of transactions are available: call/put and touch/no touch. The former involve buying/selling at a stated price at a specific point in time. The latter are profit if the price of the asset touched or, on the contrary, did not touch a specified point on the chart during the expiration. The size of the minimum bet is 0.0002 BTC. The declared guaranteed payment from winning transactions – 90%. Only from them the broker takes a commission of 10%. If you lose, you lose only the bet.

    Buxano.com commissions

    A blog with instructions to the platform, an electronic tutorial and simply interesting articles on the topic of trading is offered to help newcomers. There is also a chat and ticket system in the personal cabinet, a knowledge base (FAQ), email, a chat bot in Telegram and a feedback form for sending claims.

     

    Buxano Platform

    The Buxano trading platform is not much different from its peers, but includes all the basic modules and options:

    • Chart window – bars, candlesticks, lines and their modifications.
    • 11 timeframes – 1M, 3M, 5M, 15M, 30M, 1H, 2H, 4H, 1D, 1W and MN1.
    • Trend shapes, 81 indicators (templates can be saved for quick access), ruler, brushes, color schemes and other tools.
    • Asset list – cryptocurrency, tokens, fiat. Available in BTC, ETH, LTC, XRP, EOS, USDT, BNB, XMR, ZEC, INTX and USD.
    • History of recent trades made by other traders (designated by their pseudonyms for security purposes), with filters on option type, asset pair and status – open or closed. If you want to open the details of each of them.
    • The transaction window is available in two types: Call/Put and Touch/No Touch. The minimum bet is 0.0002 BTC.

    Buxano trading platform

    Security of user data is ensured only by two-factor authentication: The system sends a one-time code to the cell phone linked to the account, and the user enters it in a special field to get into the account. Verification of identity by photo and passport data is not performed.

    Broker quotes buxano.com

    In the knowledge base (FAQ), the broker mentions that he takes price indices from CoinMarketMap and Cryptocompare.com, which are not trusted by experienced traders and offer P2P trading in addition to analytical data themselves.

    Buxano.com sources of price indexes

    If you look at the open source of the platform, it becomes clear that there is a TradingView plugin, which Buxano, for some reason, is silent about.

    Buxano Trading View plugin

    There are 7 cryptocurrency pairs available for trading: ETH/BTC, LTC/BTC, XRP/BTC, BNB/BTC, XMR/BTC, ADK/BTC and INTX/USDT. Another 8 pairs with dollar purchases: BTC/USD, ETH/USD, XRP/USD, EOS/USD, LTC/USD, XMR/USD, ZEC/USD and ADK/USD. Plus tokens: BNB/USDT and BNB/BTC.

     

    Buxano.com demo account

    At buxano.com It mentions the possibility to test the broker’s platform without personal investment by opening a demo account. But there is no button to register this demo account. If you write to support, they will send you a link to the testnet.buxano.com subdomain, where there will be a “Try DEMO Account” button.

    Buxano.com demo account

    Judging by the administrators’ answers in the chat, the option is still being tested and will soon be included in the functionality of the official site. The broker began work at the end of last year, having bought the domain, and some options are quite naturally in the development stage. Registration of the demo account is the same as the trading account: we press the button, fill in the form (name, surname, e-mail, password, consent to the user agreement). After this we confirm the registration by clicking on the link from the broker’s letter, and then we will be allowed to log in to the account using the given username and password. There is 1 BTC on the demo account balance. Testing is limited only to this balance – there is no time limit. All functions are available, as for the trading account. You will even be able to top up your account to switch to real money trading.

    Buxano trading on a demo account

     

    Buxano mobile app

    The app downloaded to smartphones and tablets from buxano.com No – the work with the platform is done online, through the web interface. And this is also due to the young age of the broker, which is less than a year old. Let’s hope that in the near future the platform will also appear in a mobile format.

     

    Bonuses in Buxano

    Bonuses like commission discounts or gifts are not offered at Buxano. But there are regular tournaments and contests. Their conditions can be found on official Buxano pages in social networks. Another way to get rewarded from cooperation with the company is to participate in its referral program.

    Tournaments and contests

    If you follow Buxano news on Twitter and Facebook, you can get a chance to participate in one of the broker’s contests. For example, just recently, on February 9, the results of the drawing with a prize fund of $300 were summed up.

    Referral program buxano.com

    As part of the referral program each registered user buxano.com receives a unique affiliate (referral) link. It is available in the “Referral” section of the personal cabinet. The link is placed on any public resource, where it is not prohibited: social networks, YouTube-channel, own and partner sites, blog, messenger, etc. Those who click on it at buxano.com and people registered there are considered referrals (subscribers) of the partner. The latter receives 2.5% in bitcoins from the amount of each transaction made by them. Crypto units are credited to a separate, affiliate account and are displayed in the same “Referral” section.

    Buxano.com referral program

     

    Deposit and withdrawal

    Deposit and withdrawal in Buxano are made only through cryptocurrency wallet and only in bitcoins – this is the policy of the organization, which supports cryptocurrency market. To deposit funds, you need to go to the profile (opens by clicking on the icon), select “Deposit funds”, copy the link to Buxano BTC-purse and transfer cryptocurrencies to the company’s account. Withdrawal is carried out in the “Withdraw funds” section: you open it, enter your wallet address and amount, confirm the request by clicking “Confirm”. Processing time may vary from a few hours to a day (it all depends on the workload of the administration, which does it manually, in order of priority).

    Buxano earnings withdrawal

    There is no minimum amount and no deposit fee. But the broker will take a fixed payment for payment processing – 0.005 BTC.

     

    Complaints about Buxano.com

    Aside from a couple of comments in the official communities buxano.comWe did not find any user feedback about it, neither on Russian-language, nor on foreign resources. Representatives of the organization said that they purchased the domain last year, and it is due to the young age of the project silence in the network. We will follow the changes and update the review, as soon as new data becomes available. Share your comments about the broker, if you have had any experience with it.

    If there are any reviews about Buxano broker, we’ll be sure to post the information on social media. Sign up so you won’t miss anything!

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

     

    Buxano broker regulator

    As already mentioned, there is no data about the legal name of the broker. However, in the user agreement it is noted that the broker is guided by the legislation of the Seychelles, when making decisions in controversial issues in relation to clients. We can assume that the company is registered in this jurisdiction. It is impossible to check the registration at the moment – public registries are not available. So far, the broker is offshore – it has no confirmed license (which for the cryptocurrency market, however, is not uncommon). But we learned that the official registration is already planned: the legal entity is at the stage of preparing documents and office registration. So, let’s wait for the news.

    Buxano User Agreement

    The buxano.com User Agreement, “Terms and Conditions”, sets out the rights and obligations of the trader and the owners of the platform to each other. Let’s analyze several clauses of the document. So, already in paragraph 1 it’s stated that any Buxano services and services can be changed or even removed at the discretion of the company. And no compensation will be given to you, even if you incur financial losses.

    Buxano.com service rules

    It also says that no more than one account can be registered per user. It is forbidden to create an account under another person’s name and data. Such violations are punishable by blocking all accounts.

    Buxano account registration rules

    To register on the site, you must be an adult of legal age (clause 4).

    Buxano registration of adults

    You are solely responsible for the payment of all taxes and fees associated with the operation of the site under your laws (paragraph 5).

    Buxano trader responsibility

    It is forbidden to register an account for commercial purposes (clause 7).

    Buxano bans on account registration

    Buxano does not investigate complaints filed against other traders. But, at its discretion, it can investigate if illegal actions are involved (clause 8).

    Buxano investigation of complaints against traders

    You are using the broker’s software on an “as is” basis, with no guarantee of uninterrupted operation, compliance with local law or satisfaction (clause 9).

    Buxano software usage rules

    Any disputes between users and Buxano shall be governed by the courts of the Republic of Seychelles and on the basis of Seychelles law (clause 16).

    Buxano for settling disputes between traders

     

    Is Buxano a scam?

    Buxano is guided by the legislation of the Seychelles, a jurisdiction that provides minimal information about the companies registered there, unless there is a request from law enforcement agencies. So far there is no information anywhere about the legal name of the broker – it is an offshore representative of the industry. But, if its representatives are to be believed, official legal status is a matter of time (the company is already in the process of registration). The user agreement is publicly available. But its essence mostly comes down to the fact that the broker is not responsible for anything, while the trader must comply with the rules.

    We did not find any reviews about Buxano online either. In this case, again, this can be associated with a short life cycle of the project: the platform has existed for 5 years, while the broker’s website on the purchased domain – less than 1 year. We recommend you to look closely at the broker and study the peculiarities of working with its platform. We will not claim that Buxano is a scam. But due to its young age, it is not too clear how promising the broker will turn out to be.

     

    Conclusion

    Buxano offers options of two types: Call/Put and Touch/No Touch. Trading is done with small bets starting from 0.0002 BTC, and the broker charges commission only from winning trades, which shows that the company is not directly interested in “losing” the trader’s deposit. According to the information on the website the access to the world market is opened, but in FAQ the sources of information about quotes are CoinMarketMap and Cryptocompare.com – the services that are not considered as reliable by experienced traders. In addition, if you look at the open source code of the platform, you can see that the chart data is taken from Trading View.

    2FA is used to protect the account – there is no verification. The broker is not in any feedback, there are no user comments about it (except a couple in the official Buxano community), which is not surprising for a project that has existed for several months. An unpleasant point about the user agreement: the document spells out Buxano’s lack of responsibility for anything. You use the platform at your own risk.

    Convenience of trading
    95%
    Withdrawal speed
    90%
    Percentage of payments
    100%
    Support Service
    95%
    4.8

    Reviews

      Buxano reviews

      4
      Add review
      • In ascending order of rating
      • In descending order of rating
      • New ones first
      • First the old ones
      • Popular ones first
    • 4.8
      Rate your review 0
      0
      Convenience of trading
      100%
      Withdrawal speed
      80%
      Percentage of payments
      100%
      Support Service
      100%
      I wish there were more fresh projects...

      I wish there were more fresh projects like this, instead of all these giants of the market

    • 5
      Rate your review 0
      0
      Convenience of trading
      100%
      Withdrawal speed
      100%
      Percentage of payments
      100%
      Support Service
      100%
      Good overview of the platform. You can...

      Good overview of the platform.

      You can trade, everything is convenient for me. And the referral system is interesting.

      Update the design and it will be

    • 5
      Rate your review 0
      0
      Convenience of trading
      100%
      Withdrawal speed
      100%
      Percentage of payments
      100%
      Support Service
      100%
      My opinion... The platform is in the...

      My opinion… The platform is in the top 7 for a reason.

      The commissions are very nice.

    • 4.3
      Rate your review 0
      0
      Convenience of trading
      80%
      Withdrawal speed
      80%
      Percentage of payments
      100%
      Support Service
      80%
      I didn't expect to find this platform...

      I didn’t expect to find this platform here.

      I really like trading on it!
      But I wish they would update the design a bit.

      I recommend it, it’s a good company.

    Best Forex Brokers
    CompanyPlace
    Alpari
    3/171
    Stock brokers
    CompanyPlace
    Finam
    1/21
    Exante
    3/21
    Cryptocurrency exchanges
    CompanyPlace
    ByBit
    1/334
    Beribit
    2/334
    Activity
    0complaints
    • New0
    • Resolved0
    • Not resolved0
    New companies on the site
    Site Map