Bynex

3.2
Rating 3.2 · 5 reviews
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Владислав Рыхальский

I tested Bynex and was left with mixed impressions. On one hand, it's great that our neighbors have created their own cryptocurrency exchange, which seems likely to stay in the Russian market. On the other hand, it does not meet global standards, and therefore it will have few traders. Moreover, the mandatory KYC procedure may deter users. There aren't many trading tools available, and the liquidity also leaves much to be desired. However, the exchange supports fiat transactions, which allows for topping up the balance and withdrawing funds to Russian cards. The trading fee is too high – 0.25% of the order, in my opinion, is too much.

Pros
  • Russian crypto exchange
  • Fiat support
  • Ability to top up via cards
Cons
  • Does not meet global standards
  • Few trading tools
  • Low liquidity
  • High trading fees
  • Mandatory KYC procedure
4
Date of experience: January 16, 2025