General Information
Binance JEX is an unregulated cryptocurrency exchange. The platform offers a range of market instruments for trading, with fees varying depending on the type of trading instrument and discounts available for JEX token holders. Binance JEX supports multiple payment methods, including P2P trading, credit/debit card payments, bank transfers, and third-party payment channels.
Binance JEX provides trading platforms for both mobile and desktop devices, allowing users to trade on the go and stay informed about market updates. The exchange also offers API integration for third-party trading applications. To enhance security, Binance JEX provides the Binance Authenticator for 2-Step verification. The platform offers various trading tools such as Binance Convert, Futures Grid, Trading Bots, Spot Grid, and an OTC trading service.
Pros and Cons
Is BINANCE JEX Legit?
Binance JEX Exchange is currently not regulated by any valid regulatory authority.
Market Instruments
Binance JEX provides access to a range of market instruments, primarily focusing on cryptocurrency pairs. Traders can choose from over 500 cryptocurrencies, including popular options like BTC, ETH, and XRP, as well as lesser-known cryptos such as NEO, IOTA, and NavCoin.
The platform offers options for trading crypto coins like ETH/BTC, LTC/BTC, JEX/BTC, DASH/BTC, and others. Additionally, traders have access to options, ETFs, and futures. Binance JEX expanded its offerings through the acquisition of JEX, which is now integrated and rebranded as Binance Jex.
Transaction Fees
Binance JEX has a pricing schedule for transaction fees, which can be found on its website.
For crypto coin pairs like ETH/BTC, the maker fee is 0.10% and the taker fee is 0.10%. Users who hold JEX tokens receive a 50% discount on these fees.
When it comes to option trading, both makers and takers are charged a fee of 0.20%. Again, JEX token holders enjoy a 50% discount on these fees. The fees for ETF trading are the same as for options.
For futures trading, the fees differ based on the trading pairs. For BTCUSDT, the maker fee is 0.00% and the taker fee is 0.04%. For ETHUSDT, the maker fee is 0.01% and the taker fee is 0.06%.
Trading Platform
Users can trade on the go and stay informed about market updates with the Binance JEX app and desktop client.
For mobile trading, the Binance JEX app can be downloaded from the App Store for iOS devices or from Google Play for Android devices. The app allows traders to access all the features and functionality of Binance JEX on their smartphones or tablets.
For desktop trading, Binance JEX provides a powerful crypto trading platform that is compatible with Windows, MacOS, and Linux.
Binance JEX also offers API integration, helping traders to connect their own trading applications to the platform. The Binance API is designed to provide a way to integrate trading functionality into third-party applications.
Trading Tools
Binance JEX offers a range of trading tools designed to enhance the trading experience and provide users with various strategies and options.
1. Binance Convert: Binance Convert allows users to instantly convert one cryptocurrency into another within their Binance JEX account. This tool helps exchange cryptocurrencies without the need for placing separate buy and sell orders.
2. Conversion History: Binance JEX keeps a record of users' conversion history, allowing them to track their previous cryptocurrency conversions. This feature provides a reference for users to review their conversion transactions.
3. Futures Grid: Binance JEX offers Grid Trading applied to COIN-M and USD-M contracts in the futures market. Grid Trading enables users to amplify their purchasing power by deploying long/short strategies and taking advantage of sideways markets. This tool helps users automate their futures trading and potentially benefit from market fluctuations.
4. Trading Bots: Binance JEX provides automation tools for trading cryptocurrencies. Users can deploy trading bots to execute trades based on predefined strategies. These bots help users identify and replicate trending strategies and take advantage of the liquidity available on Binance JEX. By using trading bots, users can trade crypto like professional traders.
5. Spot Grid: Spot Grid is a tool that allows users to place buying and selling orders at set intervals across a configured price range. By automating trades using Spot Grid, users can take advantage of volatile markets and potentially optimize their trading outcomes.
6. Binance OTC: Binance JEX offers an over-the-counter (OTC) trading service. OTC trading allows users to trade large volumes of cryptocurrencies directly with Binance, without going through the traditional order book. The OTC trading service provides a more personalized way to execute large trades.
7. OTC Trading History: Binance JEX keeps a record of users' OTC trading history, allowing them to track their previous OTC transactions and review the details of their trades.
Payment Methods
Binance JEX offers several payment methods for users to facilitate trading and transactions. These methods include:
1.P2P Trading: Binance JEX provides a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with other users. P2P trading allows for the use of various payment methods, such as bank transfers, mobile payment apps, and online payment systems, depending on the preferences of the trading parties.
2. Credit/Debit Card: Binance JEX supports credit and debit card payments, allowing users to purchase cryptocurrencies using their cards. By linking their cards to their Binance JEX accounts, users can make instant purchases and quickly access the cryptocurrencies they desire.
3. Bank Transfer: Users can also make deposits and withdrawals on Binance JEX via bank transfers. This payment method enables users to transfer funds from their bank accounts to their Binance JEX accounts or vice versa.
4. Third-Party Payment Channels: Binance JEX may collaborate with third-party payment channels to provide additional payment options to its users. These channels can include various online payment systems, e-wallets, and mobile payment apps.
Customer Support
Users can also reach out to Binance JEX customer support by sending an email to service@email.jex.com.
FAQs
What trading platforms does Binance JEX offer?
Binance JEX offers a mobile app for iOS and Android devices, a desktop client for Windows, MacOS, and Linux, and API integration for connecting third-party trading applications.
What trading tools are available on Binance JEX?
Binance JEX offers tools such as Binance Convert for instant cryptocurrency conversion, Conversion History for tracking previous conversions, Futures Grid for automated futures trading, Trading Bots for executing predefined strategies, Spot Grid for automated trading in volatile markets, and Binance OTC for personalized large-volume trades.
What payment methods are accepted on Binance JEX?
Binance JEX supports P2P trading, credit/debit card payments, bank transfers, and may collaborate with third-party payment channels to offer additional options.
SweetCotton
Colombia
MetalPlayer because they initially claimed that bonuses would be obtained for investing in their games without the need to play; The truth moved me and it was quite easy to believe it since they showed many people being beneficiaries of this in very poor countries, economically they promised something that they never managed to fulfill and then I find that the page was closed and there was no way to withdraw the money that I invested. I hope there can be some arrangement since I lost all the money
Exposure
2023-03-12
sisaurio
Colombia
People create investment groups and they take your money away and binance lets this happen even if it is reported, it leaves the withdrawals to those reported accounts
Exposure
2023-02-10
titi
Thailand
Can't withdraw money. Additional conditions are continually being added without prior notice. To pay tax of all profits 35% (1st payment, 20% payment, 2nd payment 15%). Need to buy more credit. It's cheating and deceitful. I want a refund please. Help me.
Exposure
2022-05-22
ABDULAZEEZ LAWAN
Nigeria
I did not receive payment from buyer in BINANCE P2P please help me
Exposure
2022-04-09
FX3739673730
Philippines
I have $3500Last deposit is April 23, 2021Yes I did all the transaction via BINANCEI tried contacting several fund recovery firm and hoping one of them manages to recover my money. what do you think I should do? is there a way to recover the fund? I have all the transaction details of the crypto that I used.
Exposure
2021-09-07
Mayaz Ahmad
Bangladesh
A client of Binance Jex has complained that he lost $23k from his account by clicking a pop-up ad in www.binance.com webpage and when he complained this to the customer service of Binance, they completely ignored the matter.
Exposure
2021-05-17
FX3869601670
Vietnam
can not withdraw.can not contact the supports
Exposure
2021-05-08
FX1864162277
South Africa
Senior Manager at Binance, keeps on asking for more deposits, no pay outs. $10 000 without any profits received. Before EVERY withdrawal, more money os requested. Please advise how to get the money back[3f]
Exposure
2021-04-23
帅锅他爹
Australia
Please stay away from this company. It’s a scam and I lost lots of money, and they still trying to get more using different numbers and names.
Neutral
2023-02-27