Binapex Ltd.

Reg no. 8424785-1

Address: Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles.

 

We offer secure and convenient cryptocurrency exchange for our registered users.

You deposit your cryptocurrency or fiat currency (USD) to your account, execute any of the orders on the site or create your own. After the order is complete (which is done automatically) you can withdraw cryptocurrency to your cryptocurrency wallet or fiat currency to your credit card or bank account.

Our service offers margin trading with loan support and high amount of leverage. Not all trading pairs are available for margin trading. For more information, see our Margin Trading section.

Sign up

In order to register in the system you may click on "Create an account” and fill in the registration form.

We need a login, valid email address and a password. Password should contain at least 8 symbols and should contain Latin letters in upper and lower case, at least one digit and at least one special character from the list ‘! @ # $% ^ &’. To avoid mistakes we ask to enter your password twice.

Two-Factor Authentication

To increase the security of the system for our customers, Binapex uses non-switchable two-factor authentication (2FA). To confirm each significant user action, a verification code is sent to the user's e-mail address specified during registration. This verification code must be entered in the appropriate field.

Log In

Enter your email address and password to log in. You must enter the digital code that was sent to your email in the appropriate field of the two-factor authentication authorization window and click “Verify”.

Account Verification

Right after the registration, you have access to all the trading features of the Binapex system. However, for unconfirmed users there are limitations for depositing and withdrawing funds. To increase the limits, you must go through the client verification procedure. That procedure includes:

  • filling in all the required fields in the Profile;
  • uploading scanned documents confirming your identity and your address.

According to the client identification procedures, KYC (Know Your Customer) and AML (Anti Money Laundering), adopted in Binapex, in order to confirm his identity, client should upload the following documents to the Binapex secured server:

  • scanned document in JPG, confirming the client's identity. This may be the first page of a passport with a photo, national ID, national driver's license;
  • scanned document in JPG, confirming the client's address. This may be the utility bill, containing client's name and address (except the bill for mobile services);
  • in some cases, you may be asked to answer a few questions about the sources of your income.

Click “Check documents” to submit the uploaded files for verification. Don't worry and wait while your data is being verified. Normally it should take from a couple of minutes to 1 hour but anyway it won't take more than 24 hours.

You will see the notification when the documents are processed. In some cases, Binapex may ask you to submit additional files, or to upload a better copy of the required document.

Trading on Binapex

At Binapex you can buy and sell cryptocurrency assets and fiat currency (USD) on common market, which is available for all trading pairs, while margin trading is available only for limited number of trading pairs. Pairs open for margin trading are highlighted in green.

Sell assets.

Top up your exchange account with fiat or cryptocurrency:

  • Log in, enter your account, open Wallets section.
  • Click the Deposit button corresponding to the cryptocurrency. We will generate a special address for you.
  • To make a transaction you can scan QR code or just click the link below.
  • If you deposit fiat currency to your exchange account (USD), you will see the balance panel.

Make ASK order to sell cryptocurrency or fiat currency:

  • Select a pair, for instance, BTC/USD or USD/ETH, in which you wish to trade.
  • Select Default Trading (open by default). At the top of the section for each of the two currencies traded against each other, there are values Available and Used. They show how much of this currency is available for new orders, and how much is already used in previously placed orders.
  • Enter the amount you wish to sell in the Sell form. You can also click the needed line in the list of bid orders available on the market and the data in the Sell form will be automatically substituted. Make sure that the volume sold is less than or equal to the volume available - otherwise ask order will not be created.
  • Enter minimum acceptable price per 1 unit.
  • As an additional option, you can create a limit order by opening «Limit Order Settings» and fill the corresponding fields of the advanced settings.
  • Press "Sell".
  • The button will change to "Confirm" and you will see the window with the details of the created order.
  • Press "Confirm". The order will be created.
  • Wait for execution.

Buy assets.

Top up your exchange account with fiat or cryptocurrency:

  • Log in, enter your account, open Wallets section.
  • Click the Deposit button corresponding to the cryptocurrency. We will generate a special address for you.
  • To make a transaction you can scan QR code or just click the link below.
  • If you deposit fiat currency to your exchange account (USD), you will see the balance panel.

Make BID order to sell cryptocurrency or fiat currency:

  • Select a pair, for instance, BTC/USD or USD/ETH, in which you wish to trade.
  • Select Default Trading (open by default). At the top of the section for each of the two currencies traded against each other, there are values Available and Used. They show how much of this currency is available for new orders, and how much is already used in previously placed orders.
  • Enter the amount you wish to buy in the Buy form. You can also click the needed line in the list of ask orders available on the market and the data in the Buy form will be automatically substituted. Make sure that you have enough funds to purchase the desired volume– otherwise the bid order will not be created.
  • Enter minimum acceptable price per 1 unit.
  • As an additional option, you can create a limit order by opening «Limit Order Settings» and fill the corresponding fields of the advanced settings.
  • Press "Buy".
  • The button will change to "Confirm" and you will see the window with the details of the created order.
  • Press "Confirm". The order will be created.
  • Wait for execution.

Order cancellation

If you wish to cancel already created but not executed order, choose Open Trades section in your account, find the needed order and press “Delete”. There will be two buttons to confirm the order cancelation. By clicking «Cancel», you are cancelling the order. By pressing «No», you decline the order cancellation.

Margin Trading on Binapex

Trading pairs highlighted in green are available for margin trading with leverage up to х100. All orders, created either with borrowed funds or without loan, are traded on the common market. Both types of orders are absolutely the same from the point of view of Binapex exchange mechanics. Note that by using margin trading, you make completely full-fledged transactions on Binapex, without using derivative financial instruments (futures, derivatives etc.).

Selling the asset using the leverage.

Deposit your exchange account with fiat or cryptocurrency, because to take up a loan, you need to make a deposit depending on the leverage you plan to trade with, and on the loan amount you want to receive:

  • Log in, enter your account, open Wallets section.
  • Click the Deposit button corresponding to the cryptocurrency. We will generate a special address for you.
  • To make a transaction you can scan QR code or just click the link below.
  • If you deposit fiat currency to your exchange account (USD), you will see the balance panel.

Create an ASK order in the Margin Trading section to sell crypto or fiat currency:

  • Select a pair, for instance, BTC/USD or USD/ETH, in which you wish to trade.
  • Select Margin Trading (below the Default Trading section). At the top of the section for each of the two currencies traded against each other, there are values Available and Used. They show how much of this currency is available for new orders, and how much is already used in previously placed orders.
  • Enter the amount you wish to sell in the Sell form. You can also click the needed line in the list of bid orders available on the market and the data in the Sell form will be automatically substituted.
  • Enter minimum acceptable price per 1 unit.
  • Select the amount of the leverage using the Credit Line scroll bar or enter the needed amount in the Rate field. The Deposit field will show the amount of the deposit required to create an order with the parameters you specified. Please note that the size of the required deposit, which will be held for placing an order, must be less than or equal to the balance available to you in the required currency. If the deposit required for placing an order exceeds the balance available, a warning message appears at the bottom right of the screen and the order will not be created.
  • As an additional option, you can create a limit order by opening «Limit Order Settings» and fill the corresponding fields of the advanced settings.
  • Press "Sell".
  • The button will change to "Confirm" and you will see the window with the details of the created order.
  • Press "Confirm". The order will be created.
  • Below the “Margin Trading”, in the “Positions” section, a line will appear corresponding to the position you created. Find out more about Positions in the sections below.
  • Wait for execution.
  • Market orders will be executed instantly, limit orders are executed up to status of the market.

Buying the asset using the leverage.

Deposit your exchange account with fiat or cryptocurrency, because to take up a loan, you need to make a deposit depending on the leverage you plan to trade with, and on the loan amount you want to receive:

  • Log in, enter your account, open Wallets section.
  • Click the Deposit button corresponding to the cryptocurrency. We will generate a special address for you.
  • To make a transaction you can scan QR code or just click the link below.
  • If you deposit fiat currency to your exchange account (USD), you will see the balance panel.

Create a bid order in the Margin Trading section to sell crypto or fiat currency:

  • Select a pair, for instance, BTC/USD or USD/ETH, in which you wish to trade.
  • Select Margin Trading (below the Default Trading section). At the top of the section for each of the two currencies traded against each other, there are values Available and Used. They show how much of this currency is available for new orders, and how much is already used in previously placed orders.
  • Enter the amount you wish to buy in the Buy form. You can also click the needed line in the list of ask orders available on the market and the data in the Buy form will be automatically substituted.
  • Enter minimum acceptable price per 1 unit.
  • Select the amount of the leverage using the Credit Line scroll bar or enter the needed amount in the Rate field. The Deposit field will show the amount of the deposit required to create an order with the parameters you specified. Please note that the size of the required deposit, which will be held for placing an order, must be less than or equal to the balance available to you in the required currency. If the deposit required for placing an order exceeds the balance available, a warning message appears at the bottom right of the screen and the order will not be created.
  • As an additional option, you can create a limit order by opening «Limit Order Settings» and fill the corresponding fields of the advanced settings.
  • Press "Buy".
  • The button will change to "Confirm" and you will see the window with the details of the created order.
  • Press "Confirm". The order will be created.
  • Below the “Margin Trading”, in the “Positions” section, a line will appear corresponding to the position you created. Find out more about Positions in the sections below.
  • Wait for execution.

Canceling an order created using leverage

If you wish to cancel already created but yet not executed margin order, choose Open Trades section in your account, find the needed order and press “Delete”. There will be two buttons to confirm the margin order cancelation. By clicking «Cancel», you are cancelling the order. By pressing «No», you decline the cancellation.

Positions management

When creating an ask or bid order using leverage, a position is created for each currency pair. The table of positions available on the current currency pair is found below the Margin Trade section, above the list of ask and bid orders available on the market. All your open positions can be found in your account in “Positions” section.

Right after making margin order, a position is created. If the order is unexecuted, position shows zero volumes. After the order is fully or partially executed, the “Volume” field shows the amount of assets or liabilities you have in this position.

For positions, the following actions are available:

  • Close positions. This option is open for positions with zero volumes. By setting the rate at which you want to close this position, and then clicking “Close”, you basically place a bid or ask order at the specified rate for the value in the position. When the order is executed, position will be automatically closed.
  • Changing margin value. To reduce the current position closing price, you can increase the amount of money deposited for a position. This can be achieved by increasing the margin on the position. Click the icon to the right of the margin value and enter the new margin value in the appeared field. Press “OK”. Margin will be increased at the expense of funds available on your balance. You can decrease the margin value in exactly the same way. Be careful when reducing the value of the margin so that it does not make the position liquidation price less (more) than the threshold and does not cause an automatic liquidation of the position.
  • Margin withdrawal. If all fields in the position, except margin field, have zero values, (after a successful execution of all position orders), you can withdraw the margin, which is actually the sum of your net profit and the funds you previously deposited, to your main balance. To do that you should click “Withdraw margin”, which appears instead of the “Close” button.

Be careful with margin trading! On one hand, the use of leverage up to х100 can bring profit. On the other hand, large leverage carries the risk of losing your deposit.

Deposit and withdrawal

To deposit funds, login and enter your account. Open Wallets section.

Follow the instructions:

  • Chose the currency you wish to deposit;
  • Click “Deposit” for the preferred currency;
  • Follow the instruction on the screen.

Remember that Binapex follows the rules for minimum and maximum deposit limits set out in the Limits and Fees section. Verified and unverified users have different deposit limits.

 

IMPORTANT!
Do not mine cryptocurrency funds directly to cryptocurrency wallets linked to your account.

To withdraw funds, login and enter your account. Open Wallets section.

Follow the instructions:

  • Choose a currency with balance greater than zero and in which you want to withdraw funds;
  • Press Withdraw for the preferred currency;
  • Follow the instruction on the screen.

Remember that Binapex follows the rules for minimum and maximum withdrawal limits set out in the Limits and Fees section. Verified and unverified users have different withdrawal limits.

Sign out

Press Sign out or you will be signed out automatically in case of 15 minutes of inactivity.

Contact us if you have any questions or offers!