Digital currencies are gaining more and more attention from ordinary people and traders. But it can be quite difficult for a beginner to understand not only how the blockchain works, but also how to buy cryptocurrency. A high-quality exchanger can facilitate this task.
There are dozens of sites on the market that allow you to exchange crypto for fiat and vice versa. But choosing a convenient and reliable service is much more difficult. This time we will tell you about one of these services – Binaryx.
This platform is distinguished by an intuitive interface, which is supported by favorable exchange rates and speed of transactions. Let’s find out how to use the service.
How does the Binaryx exchanger work?
Binaryx cryptocurrency exchange was created in 2019 by the efforts of experienced IT and FinTech professionals. She works legally under a license issued by the Estonian Financial Intelligence Bureau. The exchange offers profitable opportunities for buying, selling, trading and exchanging cryptocurrencies.
The Binaryx platform allows you to exchange digital coins for popular fiat currencies. At the moment, the site supports the following assets:
- Cryptocurrencies: BTC, ETH, LTC, BCH, XRP, USDT;
- Fiat: US dollar, euro, ruble, hryvnia and yuan;
- Bank cards: Visa, Mastercard.
To exchange a coin, you need to find the «Quick Buy» module in your personal account. Next, select the cryptocurrency for sale and enter the amount in the «From» field. The next step is to select an asset to buy and indicate the quantity in the “B” field.
After that, click «Exchange», and in the pop-up window, select «Confirm».
You can withdraw funds to an external wallet (for cryptocurrencies) or a bank card (for fiat). To approve the withdrawal, you need to receive a certain number of confirmations from the blockchain:
- XRP – 1 confirmation;
- BTC – 2 confirmations;
- LTC – 3 confirmations;
- BCH – 6 confirmations;
- ETH – 20 confirmations.
Important: the final amount of the exchange may differ and depends on the exchange rate.
All assets are stored in an internal wallet. Here you can check the status of accounts for digital and fiat currencies. Three options are available for each asset – «Deposit», «Withdraw» and «Trade».
You can find the required asset through the search bar. In it, you can enter both the full name of the currency and the exchange name (ticker). If a coin or fiat was found, it will automatically appear below the search bar.
Also in this menu you can track all transactions that have occurred since the creation of an account on Binaryx. Transactions can be sorted by type (deposit / withdrawal / exchange / trade), status, assets and time period.
Registration and bonuses
Also on Binaryx you can receive additional passive income from the referral program. To do this, you need to register on the https://binaryx.com service in two ways:
- by email address;
- using your Facebook, Twitter or Google account.
Upon completion of registration, you need to confirm your email address. Immediately after that, all the main features of the service will open.
In the context menu, in the «Referral Program» section, you can familiarize yourself with the conditions for obtaining additional income. Thus, the platform offers to invite friends and receive up to 50% of traded orders.
To connect to the referral, you need to copy the generated link and send it along with an invitation by email or in social networks (Facebook, Telegram or WhatsApp).
Also, in the referral program menu, you can find out who registered using your link and what amounts of commissions you receive to your account. In this case, charges are made from each order, regardless of the volume.