Brief information Bnexchange
The digital exchange Bnexchange presents itself as a reliable Web3 platform for trading, exchanging, and investing in crypto assets. The company announced its market entry in 2017. However, the official website bnexchange.com makes no mention of the project's legal status:
the country of incorporation and headquarters address are not listed;
there are no licenses or certificate of incorporation;
the company's CEO information is hidden.
The only available documents are standard agreements.
The Bnexchange platform offers the following services:
cryptocurrency trading on the spot market;
perpetual and delivery;
coin purchase;
P2P trading;
currency exchange.
The company does not disclose the terms of most services. Only registered users can access the details.
The platform lists BTC, DOT, ETH, ADA, ETK, XTZ, DAI, and many other cryptocurrencies among its supported assets. The full list can be found in the dedicated section of the bnexchange.com exchange.
The project advertises investment opportunities. Two instruments are available:
Locked Mining — without publicly available mining contracts or technical documentation;
Fund management — the user transfers USDT to Bnexchange for management. The platform uses the funds for arbitrage and then shares the profits among participants. The company offers five financial plans ranging from 5 to 90 days and daily returns of 0.3-1.2%. However, no legitimate exchange can guarantee such a daily return, as arbitrage is associated with high risks.
The platform does not describe the procedure for depositing and withdrawing funds from bnexchange.com. Support can be reached via live chat. Bnexchange reviews can help you determine the exchange's true reputation.
