BAQRON is a cryptocurrency exchange that started its service in November 2021. Since it is a new company, there are not many users, but some cryptocurrency users already know it. It is a highly reliable exchange because it is affiliated with Binance, the largest cryptocurrency company. There is no doubt that it is clearly stated on the official website of Binance. It is an exchange where you can leverage virtual currency (virtual currency FX). You can trade with a maximum leverage of 125 times.
Company information
BAQRON is a cryptocurrency brand operated by Purple Connect Inc. The cryptocurrency trading service will be available in 2021 and is a new cryptocurrency exchange.
| Company Name | Purple Connect Inc |
| Headquarters location | F20, 1st Floor, Eden Plaza, Eden Island, Seychelles |
| Business start date | 2021 |
| Capital | Unpublished |
| number of employees | Unpublished |
license
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. But unfortunately he is not licensed for BAQRON.
Email support
If you have any trouble, you will usually be contacted by e-mail, but the response is very quick. BAQRON does not support telephone calls. Business hours are from 10:00 to 17:00 on weekdays.
| Inquiry method | Contents |
| Emails are accepted 24 hours a day, 365 days a year, so you can send them without worrying about the time. In most cases, you will receive a reply within a day. |
Supported language
BAQRON supports the following languages. There may be less language support than other companies.
- Japanese
- English
Withdrawal method
Please make a withdrawal request for BAQRON from the official page. All withdrawals will be made as virtual currency coins. They do not support deposits and withdrawals in legal currency.
Payment method
Please make a deposit request for BAQRON from the official page. They do not support deposits and withdrawals in legal currency.
Account opening
Only one of the following items is required to open a BAQRON account. You can open an account in about 1 minute.
- email address
When you access the official website, enter your e-mail address and password to create an account.
Currency pair
BAQRON only handles USDT contracts. There are 60 currency pairs handled by BAQRON, including the trendy altcoin. Please see the official page for details. The handling currency changes each time.
| Handling currency pairs |
| BTC/USDT |
| ETH/USDT |
| LTC/USDT |
| EOS/USDT |
| XRP/USDT |
| BCH/USDT |
| ADA/USDT |
| LINK/USDT |
| TRX/USDT |
| DOT/USDT |
| XTZ/USDT |
| UNI/USDT |
Scalping trade
Scalping trades are allowed in BAQRON. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
BAQRON allows automated trading. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if you can really withdraw when you can make a profit. What about BAQRON, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Withdrawal information error | You cannot withdraw if the withdrawal destination is incorrect. |
| Under maintenance | Withdrawals may be delayed during system maintenance. |
Full support
BAQRON is characterized by very quick email support. It’s an emerging company, but you can rest assured that it’s affiliated with Binance.
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