What do we know about BYNEX? According to the data we possess, it appears to be a quite reputable, quite respectable, well established, promising exchange service. It's a broker successfully operating for about 4 years and 5 months. BYNEX supports some of the popular crypto. BYNEX operator is regulated, licensed financial company fully compliant with the local and international regulation, etc.
Clients from 252 countries & territories are welcome here, regrettably, registrations from United States where you are located are currently not allowed, but there are good alternatives! Due to regulatory restrictions, US citizens and residents are not served by the exchange. Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers, maybe you know how fast BYNEX processes the orders? If you do, please share the knowledge! Thanks a lot! You will be required to verify your identity (ID Verification, Phone Number Confirmation are commonly requested) to be approved doing exchange operations here.
So, what's our opinion so far? Based on the information we currently hold, BYNEX should be a fairly legitimate and most likely, very safe site to swap Bitcoins; an auspicious service with a remarkable reputation on the market, the one we are hopeful and optimistic about! Let's appraise everything in details...
By reason of we can't (yet?) endorse the bynex.by, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:
A glance at the service specifics confirms that BYNEX employs the business model of a Broker; exchange started the business October 2020 and up-to-date operates for 4 years and 5 months. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as BYNEX, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about bynex" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:
TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:
According to our research and the community vote, TransCoin is the best Broker worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!
Even though we still consider if we should add BYNEX to the list of approved exchange platforms and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a pretty stable and reliable broker running almost flawlessly from Oct 2020. The operator of BYNEX is a regulated entity, a financial company holding all the licenses and permissions required by the law; it's fully compliant with the regulation in the country of business registration. BYNEX definitely stands out of the (most of the) competition; unfortunately, the majority of the Brokers have much less solid business model.
bynex.by is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.
Dealing with a reputable service of the sort (that seems especially correct for the BYNEX case) is virtually risk-free, especially if you don't send a lump sum at once.
We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with BYNEX is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!
The broker demands the clients to verify their identities in process of an account verification. Being a financial institution, the Firm has certain obligations to the regulatory bodies and won't be allowed to operate without complying to the AML and CTF framework. The following identification procedures are required to complete before the user will be able to convert funds:
As for the estimation how long does it takes to verify an account at BYNEX on average: we must apologize, our platform still haven't collected enough feedback from the real users of a broker. By any chance, if you know how fast bynex.by is with an account verification, kindly let us know too. We really appreciate your commitment!
The website allows the user registrations from 252 countries. The following countries and territories are in the supported list:
It's a shame, but BYNEX still can't carry on any operations with the citizens or residents of the United States. The reasons behind are the complications with obtaining the required permissions and licenses and/or the complexity of the regulation, etc. Even so, please don't get stressed out, we could encounter several sites worth checking, including the services of Broker type particularly. All of those welcome the American people! Some examples:
We still hadn't received any reviews of bynex.by we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!
It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.
Seems BYNEX is a very good broker! We can say so based on the score the exchange got at our platform. The details are explained in this review and we break down a score in the overview section.
Bynex exchange holds no special licenses, but the regulation does not require this either.
BYNEX is certainly not a rip-off; our analysis confirms that it's a trustworthy exchange. Read more in our conclusion: is BYNEX a legit exchange or scam
It is! According to the data we possess, BYNEX is a legitimate, trustworthy service. Our proposed rating score is 100 | 100, feel free to read more about what does it means and how the scoring is calculated.
BYNEX seems very trustworthy and is trusted by the community, "5 stars" rating our platform proposes for the broker requires years of successful operations and much more, read why we preliminary assess the 100/100 result for the exchange. As far as we know, the community trusts broker almost blindly, so you likely won't regret believing them. And remember, whatever service you use, it never hurts to test it with a smaller amount first!
Exchange with BYNEX is not instant, although as far as we know, the broker operators execute all the orders in minutes; it feels almost like a fully automated service.
In case you prefer to deal with a broker that was already fully checked and rated by our reviewers, algorithms, and the actual clientele, we took the liberty to compile a list of alternative sites you may use instead of BYNEX. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!
A comparison of the key features and the principal facts about WMEXPRESS versus BYNEX; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:
So, is WMexpress a better alternative to BYNEX? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the WMEXPRESS exchange service got a lower rating at our platform: 71 versus 100 that BYNEX accomplished, our advice is either to go for BYNEX, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to BYNEX, such as:
A comparison of the key features and the principal facts about CHBY versus BYNEX; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:
So, is chby a better alternative to BYNEX? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the CHBY exchange service got a lower rating at our platform: 70 versus 100 that BYNEX accomplished, our advice is either to go for BYNEX, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to BYNEX, such as:
A comparison of the key features and the principal facts about 100MONET versus BYNEX; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:
So, is 100monet a better alternative to BYNEX? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 100MONET exchange service got a lower rating at our platform: 67 versus 100 that BYNEX accomplished, our advice is either to go for BYNEX, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to BYNEX, such as:
A comparison of the key features and the principal facts about 1-ONLINE versus BYNEX; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:
So, is 1-online a better alternative to BYNEX? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 1-ONLINE exchange service got a lower rating at our platform: 67 versus 100 that BYNEX accomplished, our advice is either to go for BYNEX, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to BYNEX, such as:
A comparison of the key features and the principal facts about NEWLINE versus BYNEX; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:
So, is Newline a better alternative to BYNEX? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the NEWLINE exchange service got a lower rating at our platform: 65 versus 100 that BYNEX accomplished, our advice is either to go for BYNEX, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Like reading? In fact, there are more exchanges worth comparing to BYNEX, such as:
Seems it's time to finalize the report, to make a judgment call. Is BYNEX a scam or is it a legitimate exchange? How secure the bynex.by website is? Can you trust BYNEX with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!
The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 37 well-tested platforms providing similar to BYNEX functionality. 22 different exchange websites of broker type are among those and additionally, there are 4 peer-to-peer marketplaces. 10,613 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with , US Dollars, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:
Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. Although we can't endorse BYNEX and hadn't rated it (in full) yet, we believe that it should get approval if we won't receive any complaints.
BYNEX's profile really impresses! The scores look just like the ones for proven industry leaders, the service is provided by a licensed and regulated financial company, we are fascinated! Should we add that it's definitely not a scam? We consider this broker to be listed among approved websites soon and can recommend you try it yourself; you shouldn't be disappointed! And please, don't forget to post a testimonial after your exchange will be completed.
There is another way of finding the most worthy alternative to BYNEX that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:
Our platform could find 49 offers to buy, sell, exchange BTC available to users from United States, and 42 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 20 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 17 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:
Our software couldn't get an access to the data what's available at bynex.by for the clients from United States, however we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 17 domestic banks supported. Besides, you may find something interesting browsing 10,613 offers available with 20 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.