A crypto exchange guide must provide reviews of all of the crypto exchanges out there, so that you can find the right one for you. This review of B2BX consists of four parts: general info, fees, deposit methods and security.
B2BX is a coin exchange launched January 2018 that offers trading in all of the biggest cryptos. It also offers crypto-fiat trading pairs.
B2BX operates in accordance with the following licences: (1) Licence to provide a virtual currency wallet service https://mtr.mkm.ee/taotluse_tulemus/502002 and (2) Licence to provide a service for the exchange of virtual currencies into fiat (https://mtr.mkm.ee/taotluse_tulemus/496742).
Institutional Grade Liquidity
B2BX states on its website that they have “institutional grade liquidity for cryptocurrency trading”. This term can of course be defined differently among different people. An objectively verifiable fact, however, is that at the time of last updating this review (20 March 2020, right in the middle of the crisis with COVID-19), B2BX had a 24 hour liquidity of USD 11.6 million according to Coinmarketcap’s Liquidity List. This placed it on place no. 19 of the exchanges with the highest liquidity in the world.
B2BX offers two types of APIs: WebSocket and REST. Through the API, users can get public information such as tickers, volumes, order books and trades on instruments, whereas private API offers trading opportunities and access to real-time balances and opened orders on demand.
B2BX offers a mobile application where users can monitor charts, order books, wallets, make deposits in crypto, have access to settings and monitor their balances and analyze charts quickly and easily. Most people do their crypto trading via desktop, but if you want to do it via mobile, it is thus possible here.
US-investors may not trade here. The exclusion of US-investors is due to regulatory reasons. The US-legal regime imposes obligations on many companies that accept funds from US-investors. If you are a US-investor, don’t despair! Use our Exchange Finder or the filters in our Cryptocurrency Exchange List to find a trading platform that accepts you.
B2BX Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at B2BX:
The exchange describes its trading platform as a “high-performance matching engine that includes dynamic and adaptive layout, multiple workspaces with various widgets, grouping of volumes, market depths, watchlists and other helpful features.”
B2BX Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
B2BX charges different fees for takers and makers. For takers, their fees are 0.15% (as of 30 April 2020, previously 0.28%). As of 30 April 2020, makers receive a discount and pay only 0.12% (previously, 0.25%).
Both 0.15% for takers and 0.12% for makers are roughly in line with the current global industry averages. B2BX also offer trading fee discounts for traders who reach a certain trading volume. For crypto-to-crypto trading, these trading fee discounts are as follows:
For crypto-to-fiat markets, the trading fee discounts are as follows:
B2BX Withdrawal fees
This trading venue charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average (global industry average is currently 0.0008 BTC for BTC-withdrawals). Consequently, B2BX’s withdrawal fee level is consumer-friendly.
B2BX offers multiple fiat deposits & withdrawals methods. These methods include bank transfers (SWIFT, SEPA, Faster Payments), credit cards and various payment providers such as UPayCard and Epay.
On 25 December 2020, the platform also announced that they had added the new Payeer payment system. There are 2 available fiat currencies for deposit: USD and EUR. The fee rate for deposits is 1.5% for all mentioned currencies with operations being processed instantly. The withdrawal fee for that payment system is 4%.