Biconomy
About Biconomy
Biconomy is a multichain relayer protocol focused on improving user onboarding and transaction experience in decentralized applications. It prioritizes making web3 products as straightforward and user-friendly as their web2 counterparts. A standout feature of Biconomy is its transaction management and gas optimization which can cut gas costs by up to 40%. Biconomy's infrastructure facilitates this through meta transactions enabling users to undertake transactions with zero gas with a third party paying for the transaction fees.
In the last hour, Biconomy's price has seen a change of +1.06%, and over the past 24 hours, its price has moved by +1.35%. Over the previous week, Biconomy's price has moved by +18.01%. The current price of Biconomy is AED 0.08273, accompanied by a trading volume of 46.91M in the last day. Biconomy's price is currently 99.90% below its all-time high of AED 80.32, which remains the highest price Biconomy has achieved since its launch. The circulating supply of Biconomy stands at 1.000B, translating to a total market capitalization of 82.73M.
Market stats
Frequently asked questions
How to invest in Biconomy?
Rain offers you a number of ways to start investing in Biconomy, including buying Biconomy through bank transfers or by using your bank card. To purchase Biconomy on Rain, you can select Biconomy in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Biconomy with card?
Once you add your bank card to your Rain account, you can use it to buy Biconomy directly. You can start by adding your card to your payment options on your Rain account. To purchase Biconomy using your bank card, you can select Biconomy, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Biconomy through bank deposit?
Rain enables you to buy Biconomy using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Biconomy. To do that, you can select Biconomy in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Biconomy?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Biconomy successfully:
On your Rain account, select Biconomy then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Biconomy into cash?
Rain gives you the opportunity to sell Biconomy and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Biconomy and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Biconomy?
If you would like to receive Biconomy in your Rain account, simply click on Receive and select Biconomy from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Biconomy to avoid possible loss of funds.
How to send Biconomy?
You can easily send your Biconomy from your Rain account to any external wallet by clicking on Send and selecting Biconomy from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Biconomy with Rain?
When you buy Biconomy with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Biconomy on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Biconomy wallet?
A Biconomy wallet is where you can securely store Biconomy. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Biconomy address?
A Biconomy address is a string of unique characters that is tied to your Biconomy wallet. The address functions just like a bank account number and it is what you use in order to send Biconomy from your wallet, or to receive Biconomy to your wallet.
What trading pairs available for Biconomy?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Biconomy with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Biconomy with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Biconomy?
You can trade Biconomy with any amount above $30 or equivalent in your account's currency. You can start trading Biconomy now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Biconomy?
Besides Biconomy, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Biconomy built on?
Biconomy is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Biconomy safe?
To keep your Biconomy safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Biconomy be in next 5 years?
Price predictions for Biconomy over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Biconomy taxable?
Trading Biconomy may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Biconomy's ATH?
Biconomy’s all-time high (ATH) was AED 80.32 on 02 Dec 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of Biconomy?
With a market capitalization of 82.73M, Biconomy is ranked 349 among other crypto assets.
What is the all-time high of Biconomy?
The highest valuation of Biconomy since its launch was at AED 80.32, marking its all-time high.
What is the 24-hour trading volume of Biconomy?
The trading activity of Biconomy over the last 24 hours was at 46.91M, highlighting its liquidity in the market.
How many Biconomy are there in circulation?
There are approximately 1.000B units of Biconomy currently in circulation, affecting its market dynamics.
What is the relative popularity of Biconomy?
Biconomy market cap is around 82.73M.
When was Biconomy created?
Biconomy was introduced on 01 Dec 2021.
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