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Exchange Review

Bitblinx

Exchange Fees

BTC Withdrawal Fee 0.000079 • Taker Fee 0.50% • Maker Fee 0.02%

Deposit Methods

Yes Wire Transfer Yes Credit Card
Compare Bitblinx to other exchanges

Cryptos (11)

Bitcoin Cash, Bitcoin Gold, XRP, Stellar, Dash and 6 more

Pros

  • Has an app

Cons

  • High trading fees
  • Lack of passive income
  • No NFT support

BitBlinx is a bare-bones crypto exchange. With few tokens, no NFTs, and high fees, this exchange does not offer a lot to investors. 

Bitblinx Fees

With the exception of investing, BitBlinx does not seem to offer any bonuses or ways of making passive income, as of now. 

Other exchanges will have welcome bonuses, or the opportunity to “learn and earn.” Another common form of passive income is through crypto staking, where you lock in an amount of crypto and then earn an annual percentage. None of this is currently offered by BitBlinx.

The trading fees at BitBlinx will vary depending on your 30-day trading volume. The highest fees will be a makers fee of 0.02% and a takers fee of 0.5%. The cheapest fees, if you are trading $2,500,000 every month, are 0.01$ for makers and 0.2% for takers. 

Given the industry average according to our extensive review of trading fees is 0.1875% for makers and 0.2323% for takers fees, most takers will be charged well above the industry average. You would have to have a monthly trading volume above $500,000 to qualify for fees below the industry average. 

Bitblinx Fees

BitBlinx offers a strikingly small amount of tokens and available trades on their markets. For example. They support roughly twenty coins, or as they say “over 17 cryptocurrencies” and have very limited trading pairs. For example, with US Dollars you can only buy Bitcoin. With Euros, you can buy Bitcoin or Valuto (VLU).

This is a problem if you want to buy certain coins or jump on the latest release as soon as it comes out. Of course, if you just want to buy some of the biggest cryptos out there, you will be fine here at BitBlinx in terms of tokens available. 

BitBlinx does not charge any additional fees for deposits and withdrawals. You will only have to pay the blockchain fees, which is the minimum you will have to pay at nearly every exchange. 

BitBlinx will make all new users go through the proper KYC (know your customer) protocols. You will need to verify your documents and your address in order to process any withdrawal with BitBlinx. 

BitBlinx does not offer an NFT (non-fungible token) wallet or marketplace. If you want to be part of this growing trend, you will have to do that on a different site. 

Bitblinx mobile app

There is a BitBlinx app that you can download from the Apple Store or the Google Play Store. In the Google Play Store, the app has a rating of 3.4 out of 5 stars as of this writing (May 2022).