BKEX Review. BKEX is a global crypto-asset financial exchange established in 2018. It places a primary emphasis on the absorption and mining of superior-quality digital assets. It offers an innovative worldwide station and numerous investments and trading services.
BKEX allows users to trade a wide variety of cryptocurrencies with a simple interface. It also has a separate mobile app.
Features
BKEX is a cryptocurrency exchange based in the British Virgin Islands and offers spot trading with up to x100 leverage. It also provides an extensive pool of opportunities in more than 1200 assets. The exchange supports a variety of currencies, including the US dollar, Japanese yen, South Korean won, and the British pound.
One of the most important features of BKEX is its security system, which claims to be incredibly secure and prevents hackers from accessing your funds. The platform uses a cold wallet and multi-signature offline storage to keep your coins safe. It also offers the option of enabling two-factor authentication.
In addition, BKEX has its own native token, BKK, which pays gas fees on the exchange and grants users a chance to participate in its decision-making process. This is a great way to get involved in the exchange without spending your own money.
Another impressive feature of BKEX is its seed incubator program, which aims to fund and support crypto projects that are still in their early stages. The program allows for crowdfunding and fundraising, which will help these projects to grow and become more stable in the future.
Lastly, BKEX also has a very flexible mining pool. This allows traders to mine various cryptocurrencies on the exchange, and it offers a number of different modes, such as current mining, flexible mining, regular mining, and new coin mining.
It also features a seed incubator program that enables traders to invest in emerging crypto projects. This can help the projects to gain recognition and increase their visibility.
The service is available to anyone in the world, and it has multilingual customer support. However, it is important to note that it is not regulated in the US, which means that it does not accept deposits from US residents.
Fees
BKEX is a global cryptocurrency exchange that offers trading services for a wide range of digital assets. It has offices in China, Hong Kong, Japan, Singapore, the United States, South Korea and Thailand. The platform focuses on delivering high-quality assets and provides trading and investment services to international users.
The fee structure at BKEX is simple and low, making it easy for newcomers to join the platform. The fees are based on market liquidity and applied to both takers and makers. Generally, they are 0.15% for the taker and 0.20% for the maker.
Depositing and withdrawal fees are also minimal. Withdrawal fees for BTC (Bitcoin) are 0.0008 BTC, while those for BCH (Bitcoin Cash) are 0.0001.
In addition to deposits and withdrawals, the exchange also supports smart contracts. These are a way to manage digital assets on the blockchain in an efficient manner. Typically, the transaction involves sending coins to a “chain network address” that can be accessed using a QR code or text.
For security purposes, the platform uses offline cold wallets with multi-signature and encrypted storage, which makes it difficult for a hacker to access your tokens. In addition, two-factor authentication is available on the platform.
To access the site, customers must submit photocopies of IDs for Basic Identity Authentication, and for Advanced Real Name Authentication, they must provide an image of their IDs. After the verification process is complete, they can access their accounts and start trading.
The exchange’s website advertises itself as a sunshine trading platform, with supervision and auditing from third parties. It also claims to offer secure, multi-signature and cold wallet storage. However, it has been hacked several times.
In fact, a large number of BKEX users have had trouble withdrawing their funds, which has led many to consider the service a scam. In addition to that, the platform’s support site is in Chinese and may be hard for international clients to navigate.
The exchange offers a variety of payment methods, including credit cards and e-wallets. It also accepts fiat currencies, including the US dollar, Japanese yen, and South Korean won. It is possible to purchase and sell cryptocurrencies with these currencies, as well as a native crypto currency called BKK. The exchange also offers an affiliate program that rewards members with 25% of the handling fees on their deposits.
Trading options
BKEX is a global exchange offering a wide variety of trading options to help you make the most of your investment. You can trade cryptocurrencies, fiat currency, or swaps. The exchange also supports a range of other services, including leveraged ETP products and staking and crypto loans.
The main trading option at BKEX is spot trading, which allows you to buy and sell a variety of cryptocurrencies at a fixed price. The exchange also offers a few additional trading options, such as contracts and mining. These trading options are different from the standard spot market and can help you maximize your profit potential.
Another trading option available at BKEX is a perpetual contract, which is an alternative to the traditional spot market. This type of contract is useful if you want to increase your profits by taking advantage of volatility in the market. It’s important to note that this method of trading can be risky and may result in losses.
Perpetual contracts on BKEX are priced at 0.02% for makers and 0.05% for takers. This is in line with industry averages and falls below the 0.10%-0.15% rate seen on many other platforms.
This rate also applies to BKEX’s “Sheik Plan” where traders can enjoy a discount on handling fees. Sheik members can also enjoy VIP interests and rights, as well as special gifts from the exchange.
The fees at BKEX are competitive with other crypto exchanges, with a basic trading fee of 0.2% and a perpetual swap trading fee of 0.05% for makers and takers. This is an excellent value for a leading crypto exchange.
Traders can also enjoy discounts on handling fees for using native BKK tokens. The exchange uses 70% of the platform transaction fee as non-periodic buyback burn and the remaining 30% as referral commissions to compensate users.
The exchange is headquartered in the British Virgin Islands and offers support across more than 100 countries. It also has a team of professional specialists who ensure a secure and high-performance exchange. It is a popular choice for investors who are looking for a safe and stable place to trade cryptocurrency.
Security
BKEX is a crypto exchange that offers a wide range of trading options, including spot and derivatives markets. The platform is available in more than 100 countries and provides a variety of payment methods.
The site advertises itself as a highly secure crypto exchange that uses offline multi-signature cold storage wallets to protect its clients’ assets from digital theft. However, many users have complained about a lack of security on the platform.
Despite this, the company has taken several security measures to ensure that its members’ funds are safe. Its two-step verification process helps keep users’ personal information secure, and the company also uses encrypted SSL technology for its website.
In addition, BKEX has introduced a BKK token that can be used by traders to get a 25% discount on trading fees when they make trades on the exchange. The token can be purchased with ETH, BTC, and other digital currencies.
It also allows users to trade on the platform without undergoing a KYC (Know Your Customer) verification process. However, it limits the number of deposits and withdrawals that can be made in 24 hours.
The website is based in the British Virgin Islands and offers a wide range of trading options. Its products include spot and derivatives markets, P2P trading, margin trading, and staking. Its services are accessible in more than 100 countries and can be accessed from desktops or mobile devices.
Aside from the trading platforms, BKEX offers a variety of other services. Its financing features are available to both new and experienced traders. The company also provides support in multiple languages and is available round the clock.
On the site, there is a section that gives details of the company’s policies and security measures. This includes its risk management policies, customer support, and auditing procedures.
Customers can contact the company by email and telephone. They can also find contact details on its website and social media pages.
The website also has a FAQ section that can be accessed from the main menu. In this section, customers can submit complaints or questions about the company’s service.
