Bibox Exchange Evaluation: A Legit Binance Various?

Bibox Exchange Evaluation: A Legit Binance Various?

One of many newer cryptocurrency exchanges to hit the market is Bibox. This alternate was developed by the groups that created Chinese Bitcoin change powerhouses HuoBi and OKCoin. Realizing that, you can rest simple realizing that Bibox is an change that may provide quality to its users.

Of course, there are many exchanges available already. Why would somebody take a look at Bibox once they can already select between Binance, Kraken, Gemini, and others?

This is just the query we’re going to answer during our Bibix review. We’ll determine whether or not Bibox is a safe exchange, how it handles charges, what prices you will encounter, and ultimately, whether or not this is an alternate you wish to use.

If you happen to’re ready to learn more about Bibox, then let’s get started.

Based mostly on data gathered throughout its ICO, the Bibox company has two major business entities. One enterprise is a cryptocurrency change which resides in Estonia, while the opposite is a platform based in Japan designed to change digital currencies into fiat currencies.

There isn’t a whole lot of details about the Bibox leadership crew outside of who they are. Here’s what we do know about the workforce:

CEO: Jason He
Co-Founder and Abroad President: Wanlin Wang
Head of Marketing: Alicia Pan
Head of North America: Jian Qin
Business Development: Estella Liu
Bibox is defined by its developers as an encrypted cryptocurrency change that makes use of leading edge systems which make it capable of supporting more than 10 million customers at once. With its advanced AI options, Bibox is a digital forex change value investigating.

The Bibox exchange affords a lot in terms of nice features. Listed here are just just a few you’ll expertise when you determine to make use of Bibox.

Trading Options: Bibox gives its customers a wide range of trading options together with a long list of altcoins. Traders even have the flexibility to create market and restrict orders. Additionally, Bibox has easy to understand fees for all customers (which we’ll cover in a bit). If traders use the Bibox native token, BIX, when trading, they obtain a 50% discount on all transaction fees.

Customer Support: Those that read Korean, Vietnamese, Chinese, Russian, or English will find Bibox gives its support in those languages. Additionally, the platform has a buyer assist workers that's ready to cope with issues 23/7. Customers can contact the crew by submitting a ticket situated in the assist section of the exchange. There are also options to reach Bibox customer support through Telegram, Facebook, and Twitters. An FAQ section is available in the support section for common questions or concerns. Bibox additionally offers several guides and walkthroughs which help navigate the site.

Technology: Bibox needs to be the most technologically advanced cryptocurrency alternate on the market. With its smart tools and AI performance, the platform makes a strong case for itself. Bibox additionally presents an API which permits for integration with different platforms for trading purposes. Android and iOS users can use the mobile app as well as a Mac and PC desktop client.

Functionality: When using Bibox, users get a trading platform that is intuitive and simple to use. There are plenty of features and capabilities available on the change which make shopping for, selling, and trading fast and easy. These embody in-depth charts, trading histories, advanced trading instruments, and order books. Additionally, more savvy traders have access to advanced indicators and analysis.

Bibox additionally presents its BIX token, which offers users the flexibility to reduce their fees. Think of it alongside the same lines as Binance. The change has its personal token which when used provides users a discount on transaction fees. The BIX token is an ERC20 based coin which resides on the Ethereum blockchain. Utilizing BIX provides users a 50% trading low cost which makes it worth using while trading on the Bibox exchange.

Deposit Charges
In relation to deposit fees, there are none with the Bibox exchange. This is something that many exchanges incorporate as part of their platform strategy since they’d somewhat have the money put to use for trading purposes.

Withdrawal Fees
Unfortunately, withdrawal of your cryptocurrency isn’t free on the Bibox platform, which is the case for a lot of exchanges. You’ll pay a flat fee when withdrawing your cryptocurrency from Bibox, but the charge depends on the digital coin you’re wanting to take out. The site has a complete list of fees on its price construction page.

While it is likely to be a new technique of charging withdrawals when it comes to crypto exchanges, it’s nice to have transparency from Bibox so you realize exactly what you’ll pay.

Trading Fees
The trading charge is a normal charge that you would be able to count on to come across with all cryptocurrency exchanges. When trading on Bibox, it’s a proportion of the trade amount. Presently, Bibos prices a fee of 0.1% on any trades that happen on its platform.

Therefore, any trade made on Bibox, including margins, will lead to a 0.1% charge charged to the asset. This is an automatic charge and cannot be avoided so long as you use the platform.

Remember, although, that in the event you pay for the fee with BIX, then you get a 50% discount. That signifies that you’ll only pay 0.05% per trade. That’s a reasonably hefty discount in case you’re a high quantity trader. This is unquestionably one of the premier options that makes Bibox stand out from its competitors.