Biconomy

Biconomy (biconomy.com) is a centralized cryptocurrency exchange that launched on October 11, 2019, giving retail traders and investors access to spot trading, futures contracts, copy trading, and staking products across 230+ digital assets — including Solana (SOL). Founded by Dmitry Sheludko and headquartered in Dubai with legal registration in the British Virgin Islands, the exchange targets users across 150+ countries and delivers its trading interface primarily through iOS and Android mobile applications.

The exchange should not be confused with the Biconomy developer infrastructure protocol (biconomy.io), a separate and unrelated EVM-focused account abstraction project that issues the BICO token. Biconomy (biconomy.com) issues its own native BIT exchange token.

Core Trading Products

Biconomy's product suite covers four main trading segments:

Spot trading runs at a flat 0.2% fee for both makers and takers across 250+ trading pairs. Core pairs include SOL/USDT, BTC/USDT, ETH/USDT, XRP/USDT, and DOGE/USDT. Users can fund accounts via credit or debit card (Visa, Mastercard), Apple Pay, cryptocurrency deposit, or a P2P local currency marketplace. The minimum deposit is $50 or 0.0001 BTC.

Futures trading supports up to 100x leverage on 55+ pairs, with maker fees of 0.02% and taker fees of 0.06%. SOL and other major assets are available on the futures book alongside a growing selection of altcoin pairs. In May 2026, the exchange announced the listing of FIDA/USDT perpetual contracts — adding a Solana-native DeFi token (Bonfida) to its futures lineup.

Copy trading is futures-focused and lets users replicate the positions of experienced traders automatically. Strategy providers can earn profit-sharing commissions of up to 20% from followers.

Staking and Earn products offer yield on 15+ coins with advertised APR up to 100% on select assets. A Dual Investment product was added in the June 2026 app update (version 2.4.10), expanding the passive-income options on the platform.

A launchpad platform for new token listings and a P2P marketplace for local fiat currencies round out the exchange's offering.

Solana on Biconomy

SOL is listed in Biconomy's spot market via the SOL/USDT pair and is among the core assets the exchange highlights in its product marketing. The platform also lists several tokens with Solana ecosystem roots, and the 2026 addition of FIDA perpetual contracts reflects ongoing engagement with Solana-native DeFi projects. Users looking to buy, sell, or trade SOL can do so directly with fiat on-ramps through card or P2P channels.

Security

Biconomy stores 98% of user funds in offline cold storage, reducing exposure to hot-wallet hacks. The exchange enforces two-factor authentication (2FA) and multi-signature technology on withdrawals. Third-party security assessors have reviewed the platform: CertiK Skynet rates it at 80.05% (an A grade), and CER.live gives it a 79% score (BBB rating). A bug bounty program offers rewards of up to $500 for verified vulnerability disclosures. KYC/AML verification is mandatory and requires a government-issued ID plus proof of address before trading is enabled.

Fees

Spot trading fees sit at 0.2% for both makers and takers — below the industry average taker fee of roughly 0.217%. Futures fees are lower at 0.02% maker and 0.06% taker. The exchange applies a flat fee structure with no published volume-based tier system; the native BIT token provides fee discounts and access to exclusive promotions. Withdrawal fees vary by asset and network.

Regulatory Status

Biconomy holds Money Services Business (MSB) licenses from FinCEN in the United States (license no. 31000241826246) and from FINTRAC in Canada (no. M23154500). WikiBit, however, has flagged the exchange as "Over-Operation," meaning it appears to conduct business beyond the geographic scope of those licenses, and assigns it a medium-risk rating. The exchange's primary legal entity is incorporated in the British Virgin Islands and operates from Dubai.

Mobile Access

The Biconomy iOS app carries a 4.5 out of 5 star rating across 152 App Store reviews as of mid-2026, supports 15 languages, and requires iOS 14 or later. Version 2.4.10, released June 2026, added the Dual Investment earn feature alongside performance improvements. An Android version is also available. The mobile app is the exchange's primary interface — the desktop site is a JavaScript single-page application with the same underlying functionality.

User Sentiment and Risk Notes

Independent review aggregators reflect divided user opinions. Trustpilot scores Biconomy at 2.2 out of 5 (55 reviews, 61% negative), and Reviews.io gives it 2.6 out of 5 (40 ratings). Recurring negative themes across those platforms include account holds, withdrawal delays, and difficulty reaching customer support. Traders Union rates it as a high-risk exchange with a score of 2.69 out of 10, while App Store users are more favorable (4.5/5 across 152 ratings). Prospective users should weigh these signals alongside the WikiBit regulatory flag before depositing.

Background and Roadmap

The exchange was founded on October 11, 2019, by Dmitry Sheludko and has participated in major blockchain industry events including Paris Blockchain Week, TEAMZ Summit (Tokyo), TOKEN2049 Dubai, CoinFerenceX Dubai, and Blockchain Disrupt Dubai. In November 2025, the exchange partnered with a high-frequency trading firm to improve execution quality and order book depth. A longer-term roadmap disclosed by the exchange includes plans to launch proprietary blockchain infrastructure and a BIT-powered decentralized exchange by 2026, intended to add on-chain trading tools and cross-chain interoperability to its existing centralized product suite.