- One of the greatest decentralised bitcoin exchanges
- Bibox charges a low transactional fee from its users
- A wide selection of cryptocurrencies are available
- The exchange offers a wide range of services that uphold a high level of security
- Users can only make cryptocurrency deposits
- Some users have experienced issues while withdrawing funds
- Size of the liquidity pools has been a topic of debate for the company on several occasions
- Lack of a centralized authority can be detrimental to the platform if the users are not very active
About the Bibox Exchange
Bibox is a cryptocurrency exchange that has been operating since 2017, although it was relatively new, it has already proved popular with traders and generates a huge amount of trading volume. The exchange is based in China and was founded by former employees of other cryptocurrency exchanges including Binance, OKCoin and Huobi.
Key Information
The exchange has enhanced AI to help traders maximise traders profits.
- Advanced Tutorial
- Beginner’s Guide
- Enhanced Artificial Intelligence
How Does It Work?
You can buy, sell, and pair coins for trading. One stand out feature is their tutorials. If you are new to cryptocurrencies and trading there is an easy to use beginners guide. There is even an advanced tutorial that explains the more advanced features.
There are two trading charts, a basic one and an advanced one. The basic trading chart is best if you are new to trading and don’t want to get overwhelmed by all the technical stuff. The advanced trading chart has tools that can help you with your trading analysis
Depositing and Trading Fees
You pay no fees to deposit into your account. A 0.1% trading fee will be deducted from your account balance. If you pay your fees using Bitbox Token (BIX) you can enjoy a discount on the trading fee.
Token discount fee %
- 1st Year – 50%
- 2nd Year – 25%
- 3rd Year – 12.5%
- 4th Year – 6.25%
- 5th Year – 0%
Withdrawal and Transfer Limits
Each coin has its own withdrawal fee. Bibox has a ‘fees’ page that lists all the fees for all of the coins that they list.
What Cryptocurrencies Are Available?
The exchange has over 200 cryptocurrencies at the time of writing, the main trading coins are:
- Bitcoin
- Ethereum
- Tether
- DAI Stablecoin
- BIX Token
Trust and Fund Security
One of the easiest and most secure ways to protect your account is to use 2FA (Two Factor Authentication). You can do this in a number of different ways including using the Google Authenticator app, email or SMS confirmation.
Customer Support
There is an FAQ page that can help with any questions or queries that you have. You can also contact them through their on-page ‘submit a request’ contact form or email them directly at support@bibox.zendesk.com.
Bibox exchange review – This cryptocurrency exchange is located in China and was launched in 2017. The latest 24 hours trading volume is $537,642,686.28 (13,840.01 BTC).
