Binaryx Exchange Feature Comparison Tool
Spot Trading
Instant buying and selling of over 30 cryptocurrencies with zero maker fees.
Margin Trading
Up to 5x leverage on select pairs with built-in risk management dashboard.
Futures Trading
USD and COIN futures with up to 5x leverage for hedging and strategies.
Educational Resources
In-platform academy with tutorials for beginners and advanced traders.
| Exchange | Maker Fee | Taker Fee | Fiat Deposit Fee |
|---|---|---|---|
| Binaryx | 0% | 0.10% | Free for most fiat currencies |
| Binance | 0% (VIP 0-tier) | 0.10% | 0.1% (varies by method) |
| Coinbase | 0% | 0.50% (USD) | Free for ACH, 1.5% for cards |
| Kraken | 0% | 0.16% (tier 1) | Free for bank transfers, 3.5% for cards |
| Feature | Binaryx | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Spot Pairs | 30+ | 600+ | 150+ | 200+ |
| Margin Leverage | Up to 5× | Up to 125× | None | Up to 5× |
| Futures | USD & COIN | USD & COIN | None | USD only |
| Maker Fee | 0% | 0% (VIP 0) | 0% | 0% |
| Taker Fee | 0.10% | 0.10% | 0.50% | 0.16% |
| KYC for Crypto-Only | No | Yes | Yes | Yes |
| Security Audits Published | No | Yes | Yes | Yes |
Recommended Exchange Based on Your Needs:
When you hear the name Binaryx is a cryptocurrency exchange launched in 2019 that aims to offer fast, low‑cost crypto trading, the first question is whether it lives up to its promises. Below you’ll get a straight‑to‑the‑point breakdown of the platform’s team, product lineup, fee structure, security posture, and how it compares to the big players. No fluff, just the facts you need before you decide to deposit any funds.
Key Takeaways
- Binaryx supports spot, margin, USD futures and COIN futures for over 30 crypto assets.
- Fees start at 0.1% for takers and 0% for makers - cheaper than Binance’s standard tier but higher than some low‑fee niche exchanges.
- No KYC required for crypto‑to‑crypto swaps, but fiat‑to‑crypto deposits demand full verification.
- Security details are sparse; the exchange does not publish cold‑storage percentages or audit reports.
- Team consists of seasoned fintech veterans, yet public visibility and community traction remain limited.
Who Is Behind Binaryx?
The platform was founded by Oleg Kurchenko the CEO and co‑founder of youdigital.io, with a background in fintech startups. The core executive lineup includes:
- Arkadi Oislender - Chief Financial Officer, former finance lead at several blockchain ventures.
- Slava Krasnov - Chief Technical Officer, responsible for platform architecture and API development.
- Dan Zaitsev - Chief Product Officer, oversees user‑interface design and feature roadmap.
- Max Baburin - Chief Marketing & Communication Officer, drives branding and global outreach.
- Yevhenia Dziuba - Chief Public Relations Officer, handles media and community engagement.
All members claim over a decade of experience in building technology and financial products, which gives the platform a solid pedigree despite its relatively low public profile.
Product Suite & Trading Options
Binaryx’s offering is designed to serve both beginners and seasoned traders. The main categories are:
- Spot Trading - instant buying and selling of over 30 cryptocurrencies.
- Margin Trading - up to 5× leverage on select pairs, with a built‑in risk‑management dashboard.
- USD Futures - perpetual contracts settled in US dollars, useful for hedging exposure.
- COIN Futures - crypto‑settled contracts, allowing long‑short strategies without fiat conversion.
The exchange also provides a web‑based wallet that syncs with iOS and Android apps, making it easy to move funds on the go. An in‑platform academy offers tutorials on everything from “how to set up a crypto wallet” to “advanced futures strategies,” which is a nice touch for newcomers.
Fees & Costs
Binaryx promotes a “low‑fee” model. The current schedule (as of October2025) is:
| Exchange | Maker Fee | Taker Fee | Fiat Deposit Fee |
|---|---|---|---|
| Binaryx | 0% | 0.10% | Free for most fiat currencies |
| Binance | 0% (VIP 0‑tier) | 0.10% (VIP 0‑tier) | 0.1% (varies by method) |
| Coinbase | 0% | 0.50% (USD) | Free for ACH, 1.5% for cards |
| Kraken | 0% | 0.16% (tier1) | Free for bank transfers, 3.5% for cards |
For high‑volume traders, the maker‑fee zero can be attractive, but the platform does not yet offer the tiered discounts based on monthly volume that Binance and Kraken provide.
Security & Regulatory Compliance
Security is where Binaryx’s narrative gets a bit thin. The website states that it employs “industry‑standard encryption, cold storage, and multi‑signature wallets,” yet no third‑party audit reports or cold‑storage percentages are publicly disclosed. By contrast, major exchanges publish audit certificates from firms like CertiK or Quantstamp.
On the compliance side, Binaryx follows a hybrid approach:
- Crypto‑to‑Crypto - No KYC required, allowing instant swaps without identity checks.
- Fiat‑to‑Crypto - Full KYC (government ID, proof of address) is mandatory before any fiat deposit can be made, aligning with AML regulations in most jurisdictions.
Because the exchange does not yet hold a EU‑wide license or a US Money‑Transmitter license, users outside regulated markets should verify local legality before trading.
User Experience, Support & Community
The UI is clean, with a dark‑mode toggle and a responsive layout that works well on both desktop and mobile. Order entry is straightforward: pick a pair, set market or limit order, and confirm. The built‑in “quick swap” button lets you trade without navigating away from the portfolio screen.
Customer support operates 24/7 via live chat and email, with response times averaging under two minutes during peak hours. However, the knowledge base is limited, and there is no dedicated phone line. Community presence is modest - the official Telegram channel has roughly 2,300 members, and Reddit mentions are scarce, suggesting a smaller, less vocal user base compared to Binance’s millions‑strong communities.
Pros & Cons
- Pros
- Zero maker fees and competitive taker rates.
- Wide range of products (spot, margin, futures).
- No KYC for crypto‑only swaps - good for privacy‑focused users.
- Educational academy for beginners.
- Cons
- Limited public security documentation.
- Smaller liquidity pools, which can lead to higher slippage on large orders.
- Low community visibility - harder to find third‑party reviews.
- Regulatory status unclear in many regions.
How Binaryx Stacks Up Against the Competition
Below is a quick side‑by‑side look at the most relevant metrics for a typical retail trader.
| Feature | Binaryx | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Spot Pairs | 30+ | 600+ | 150+ | 200+ |
| Margin Leverage | Up to 5× | Up to 125× | None | Up to 5× |
| Futures | USD & COIN | USD & COIN | None | USD only |
| Maker Fee | 0% | 0% (VIP 0) | 0% | 0% |
| Taker Fee | 0.10% | 0.10% | 0.50% | 0.16% |
| KYC for Crypto‑Only | No | Yes | Yes | Yes |
| Security Audits Published | No | Yes | Yes | Yes |
| Mobile App Rating (Google) | 4.2 | 4.7 | 4.5 | 4.4 |
Binaryx holds its own on fees and privacy, but it lags in liquidity, asset breadth, and transparency. If you need deep order books for large trades, a bigger exchange might be more suitable.
Final Verdict
Binaryx is a competent, low‑fee platform that targets traders who value privacy and a modest range of advanced products. Its seasoned leadership team adds credibility, yet the lack of public security audits and a relatively small community make it a higher‑risk choice for anyone planning to move large sums. For small‑to‑medium traders looking for a cheap entry point and who are comfortable doing their own due diligence, Binaryx can be a decent secondary exchange. Power traders or users demanding top‑tier security and deep liquidity should stick with the industry giants.
Frequently Asked Questions
Does Binaryx require KYC for crypto‑to‑crypto trades?
No. You can swap one cryptocurrency for another without submitting any identity documents. KYC is only needed for fiat deposits or withdrawals.
What is the maker fee on Binaryx?
Binaryx charges a 0% maker fee, which is competitive with most major exchanges that also offer zero maker fees at the base tier.
How many cryptocurrencies does Binaryx support?
The platform lists more than 30 tradable assets, covering top coins like Bitcoin, Ethereum, BNB, as well as several DeFi tokens.
Is my money safe on Binaryx?
Binaryx claims to use cold storage and multi‑signature wallets, but it does not publish third‑party audit reports. Users should only allocate funds they can afford to lose until more transparency is provided.
Can I trade futures on Binaryx?
Yes. The exchange offers both USD‑settled and coin‑settled perpetual futures with up to 5× leverage.
emmanuel omari
Binaryx's fee structure is a breath of fresh air for traders in Africa, especially when you compare it to the predatory rates of western platforms. Zero maker fees and a flat 0.10% taker fee mean you keep more of your hard‑earned crypto. The lack of mandatory KYC for crypto‑only swaps aligns with the principle of financial sovereignty. Even though their liquidity is modest, the platform's focus on privacy is a strategic advantage for emerging markets. Anyone looking to avoid the heavy hand of regulators should give Binaryx a serious look.
Andy Cox
I read the review and it feels like Binaryx is trying to be the middle ground between Binance and Coinbase you know the low fees are nice but the limited pairs kinda make you wonder if it’s worth the switch its UI is clean and the academy videos are actually helpful if you’re just starting out.
Courtney Winq-Microblading
Reading through the Binaryx overview feels like peeling back layers of a quiet ocean; beneath the calm surface lies a tension between accessibility and opacity. The zero‑maker‑fee promise whispers freedom, yet the silence on cold‑storage audits shouts caution. For the philosophically inclined, this dichotomy is a reminder that every trade carries not just market risk but epistemic risk. The educational academy, with its vivid tutorials, offers a lighthouse for those adrift in the crypto fog. Ultimately, the platform asks you to weigh the allure of low fees against the yearning for transparent security.
katie littlewood
When I first logged into Binaryx I was greeted by a sleek dashboard that immediately put me at ease.
The spot trading page lists over thirty coins, which may sound modest but each pair is presented with crystal‑clear pricing.
I appreciated the fact that maker orders incur absolutely no fees, a rarity that can significantly improve margin for active traders.
The taker fee of 0.10% sits comfortably below many competitors, especially when you consider the absence of hidden withdrawal charges for most fiat currencies.
Beyond spot, the margin interface offers up to five‑times leverage, and the built‑in risk‑management tools feel intuitive even for newcomers.
Futures trading is separated into USD‑settled and coin‑settled contracts, giving you the flexibility to hedge without swapping assets first.
What truly stood out for me was the integrated academy, which walks you through everything from wallet fundamentals to complex futures strategies.
The video lessons are concise, the written guides are peppered with real‑world examples, and the quizzes help cement your understanding.
Support is reachable via live chat, and on most occasions I received a helpful response in under two minutes, which is impressive for a relatively small exchange.
While the community on Telegram is modest, the admins are active and often share market insights and platform updates.
Security, admittedly, remains the Achilles’ heel; the site mentions cold storage and multi‑signature wallets but stops short of publishing audit reports.
Nevertheless, my own experience of depositing and withdrawing modest amounts has been smooth, with no unexplained delays.
Liquidity can be a concern on larger trades, as the order books are shallower than those on Binance, leading to occasional slippage.
For traders who value privacy, the option to trade crypto‑to‑crypto without KYC is a breath of fresh air in an increasingly regulated world.
In contrast, anyone planning to move sizable fiat sums should double‑check local compliance, as the platform’s licensing is still opaque.
Overall, Binaryx feels like a solid secondary venue for low‑fee trading and learning, provided you keep an eye on the security disclosures.
Jenae Lawler
Upon meticulous examination of Binaryx's operational disclosures, one cannot help but observe a pronounced paucity of verifiable security attestations. While the fee schedule ostensibly competes admirably with established exchanges, the omission of third‑party audit certificates engenders a palpable disquiet. Moreover, the constrained selection of thirty‑plus assets, albeit curated, diminishes the platform's appeal to arbitrageurs seeking deep liquidity. It is, therefore, incumbent upon prospective users to weigh the allure of minimal fees against the inherent opacity of the exchange's governance. In lieu of a definitive audit, a prudent approach would entail limiting exposure to capital that one can afford to forfeit.
Chad Fraser
Yo folks, Binaryx might just be the hidden gem you’ve been hunting for-low fees, simple UI, and that academy to get you up to speed fast. If you’re scared of big‑exchange drama, start small, test the waters, and watch your confidence grow. Remember, every pro was once a rookie, so don’t let the lack of hype stop you from learning.
Jayne McCann
The fees look good but the liquidity is thin.