B2BX is an Estonian licensed crypto exchange, launched in January 2018, offering trading in all major cryptocurrencies and crypto-fiat trading pairs.
B2BX operates under the following licenses of the Estonian regulatory authority:
- License to provide a virtual currency wallet service https://mtr.mkm.ee/taotluse_tulemus/502002
- License to provide services for the exchange of virtual currencies for fiat (https://mtr.mkm.ee/taotluse_tulemus/496742).
B2BX states on their website that they have " institutional-level liquidity for cryptocurrency trading." Of course, this term can be defined differently for different people. However, the fact is that as of March 2020, right at the height of the COVID-19 crisis, B2BX had 24-hour liquidity of $ 11.6 million, according to the CoinMarketRate liquidity list. This placed it in the 19th place of exchanges, with the highest liquidity in the world.
The exchange describes its trading instruments as a high-performance matching mechanism.
There are two types of API: WebSocket and REST for users to get all the necessary trading information.
- Mobile Support
B2BX offers a mobile application with which users will be able to track schedules, order books, wallets, make deposits in cryptocurrency, have constant access to settings and monitor their balances, as well as quickly and easily analyze charts.
On B2BX, bank transfers are made, credit cards and various payment systems are used (UPayCard and Epay inclusive).
On December 25, 2020, the platform also announced the addition of a new payment system, Payeer. There are 2 fiat currencies available for the deposit: US dollars and euros. The deposit commission rate is 1.5% for all the mentioned currencies, and transactions are processed instantly. The withdrawal fee for this payment system is 4%.
B2BX charges different fees to takers and manufacturers. The fee for takers is 0.15%. From April 30, 2020, manufacturers receive a discount and pay only 0.12% (previously 0.25%).
Both 0.15% for buyers and 0.12% for manufacturers are roughly in line with the current global industry average.
B2BX also has a discount on trading commissions for traders who have reached a certain trading volume.
The withdrawal fee is 0.0005 BTC when withdrawing BTC.
All B2BX activities are carried out in accordance with the norms of the legislation of the European Union. According to the exchange, the approach to the reliability of the storage of funds is carried out at the highest level. All fiat funds are stored in a regulated bank, and 98% of cryptocurrencies are placed in cold storage.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.