BisonApp Review – Clean Sheets For Ten Years or Maybe Not?

To understand if traders should trust this firm, they should just check legal information and regulations. In this case, even though BisonApp belongs to Boerse Stuttgart Group, this subsidiary has its own legal name – Blocknox GmbH. Besides the crypto exchange, a few more entities are operating under Boerse Stuttgart Group’s umbrella.

Yet, we are now focusing on this crypto exchange and delivering key facts about this firm. Therefore, stay tuned and read this BisonApp review carefully.

Broker status:	Regulated crypto exchange
Regulated by:	BaFin
Operating Status:	Active crypto trading platform
Known Websites:	https://BisonApp.com
Blacklisted by:	N/A
Owner:	Blocknox GmbH
Headquarters Country:	Germany
Foundation Year:	2013
Online Trading Platforms:	Proprietary
Mobile Trading:	Available
Minimum Deposit:	20 EUR
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, ETH, XRM (27 in total)
Available Trading Instruments:	Cryptos, ETFs
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Even though the company is regulated, reviews show that approximately 25% of customers are not satisfied with the service for some reason. In any case, if any potential problem occurs, you can contact our specialists for consultation.

Is BisonApp Legit?

In general, the company looks quite reliable. They practically offer customers with anything they need. Most importantly, security. Also, there is a deposit protection fund provided by the German bank Solaris.

These are all benefits of being regulated by one of the most trusted regulators in Europe – BaFin. Still, keep in mind that clones are trying to copy this firm and make themselves look legitimate.

Traders Experience With BisonApp

This firm has been active for a decade. In general, the BisonApp reviews look decent. Yet, some traders might wonder why there is every fourth client not satisfied with some services. In any case, if you check https://www.trustpilot.com/review/bisonapp.comTrustpilot’s 949 comments, you might realize why. In any case, if you don’t know what to do if a potential problem occurs, you can contact our team and explore solutions.

How Does BisonApp Work?

BisonApp has been building credibility for a long time. With the maximum protection and pedigree of the group, it’s quite easy to build a huge network of traders. Still, crypto transfers are quite anonymous.

Yet, to get a withdrawal, traders must complete full verification of their accounts. This is something traders are reporting as the key problem with this firm. If that occurs with your account, contact us for advice.

Who Are BisonApp Clients?

Since the BisonApp crypto exchange has a license, it’s not a problem to offer services anywhere in the world. But it seems that traders from the following countries trust them most:

• Germany
• Austria
• Switzerland
• United States
• United Kingdom

Let us know about your experience with the BisonApp exchange and if there’s any potential problem you would like to solve.

What Are Trading Platforms Available?

As can be seen, the company is promoting easy registration and verification of the account. But also no wallets are needed for it. This means you are registering online, but everything is done on the proprietary BisonApp app.

Is the BisonApp Mobile Trading App Available?

Mobile apps were developed for both iOS and Android devices. Therefore, users won’t have to worry about the manipulation of their funds.

On top of all, the app has more than 100K downloads on PlayStore. Still, can’t be compared to some top-tier exchanges. But to see what company you shouldn’t trust at all, read our Cryptoswaps review.

What Financial Instruments Does The Platform Include?

In general, the company has an average instrument offer. Still, for the one they have, you know there shouldn’t be issues due to strict regulatory oversight. In total, there are 27 coins:

• AAVE
• MATIC
• XLM
• CHZ
• ETH and a few more

Besides cryptos, there’s a new feature unlocked with this company. That’s BisonApp ETFs availability, which might be a good expansion.

Account Types Offered by BisonApp

Usually, crypto exchanges offer different fees for traders having higher trading volume. Since the company is not charging anything, there’s practically no need for such options. Yet, the minimum to get started with the Bison app is only 20 EUR.

Can a Trader Use a BisonApp Demo Account?

Quite surprisingly, traders can use virtual funds to explore a company’s trading features. This is rarely seen among exchanges, but that’s where the difference comes from. Most importantly, a demo account is free.

BisonApp Fees, Spreads, Leverage, and Commission

Another surprise comes with the company’s fees. Apparently, they are not charging any fees for deposits, withdrawals,  custody, or opening an account.

Yet, they charge a spread of 1.25% for every buy or sell position. In general, some traders might find it expensive when you compare it to other top-tier crypto investment firms.

Is the BisonApp Welcome Bonus Available?

To sum it up, no. Bonus offers are mostly banned in Europe. On top of that, there’s a BaFin regulation that would definitely prevent any shady details.

But to recognize brokers using those tricks, read our Astro Trades review.

Is BisonApp Withdrawal Possible?

Indeed, yes. Due to strict regulatory oversight, traders shouldn’t doubt withdrawals. Yet, some traders complained about necessary verification and long withdrawal processing time. This might be a dealbreaker for some. Still, if money is in the pocket, nothing is a problem.

What Should I Do If I Have a BisonApp Problem?

In general, all potential problems with this exchange should be solved with their regulator. In this case, BaFin. There’s no doubt this German authority will do their job properly. Also, you can leave a comment on any platform and let other traders know about your experience.

In the end, as an additional option, you can contact our specialists. With the first meeting without costs, it’s quite easy to get all the information needed. Therefore, if you have any questions, don’t hesitate to contact our team.