Bibox Exchange Review & Traders Feedbacks

Margo

Margo

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Jun 15, 2018
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Bibox is the Chinese platform for trading in cryptocurrency. It has been working since the end of 2017. By its model, functions and interface, Bibox is a clone of another popular Chinese stock exchange - Binance. It also uses the Bibox Token internal token (BIX), which is burnt out like BNB (Binance Coin) and allows you to trade with a reduced commission. A total of 271.5 million coins has been issued.

Verification on the exchange is optional. But a daily limit for trading of two bitcoins is set for basic accounts. In total, over 70 coins and tokens in 130 pairs are available on the exchange. The highest liquidity is observed in the markets of Bibox Token, Bytom, Ethereum, Bitcoin. In the spring of 2018, Bibox broke into the top 10 24h volume. The maximum daily trading volumes on the platform exceed $ 300 million.

The standard commission for all trading operations is 0.1%. However, if the trader's account has enough BIX tokens to cover commission fees, he gets a 50% discount.

The main strengths of the Bibox Stock Exchange:
  • there is an english version;
  • convenient trading terminal;
  • marginal trading and additional investment opportunities for users;
  • additional tools to protect your account;
  • good liquidity and a large number of promising coins;
  • the ability to trade with a commission of 0.05% for any transaction;
  • there are mobile applications and clients for desktop devices;
  • it is not necessary to pass verification to work with the platform;
  • adequate support service.
Disadvantages:
  • so far, a small selection of averages and trading tools is available;
  • there is no range of top cryptocurrencies, including Ripple, Dash, IOTA;
  • there may be delays at inputting and withdrawing funds, disabling wallets;
  • little information about the founders.
 
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