Benefits and drawbacks of Bibox. Review of the exchange
Bibox is a famous cryptocurrency exchange based in China. It was launched at the end of 2017 and now it offers a good assortment of alternative currencies. Some say that it was created by professionals who worked previously at such companies as Binance and OKCoin. It seems to be true as everything is done on a high professional level by Bibox ICO. It is enough to check up Bibox Coinmarketcap page to get the latest info about work of the platform.
Bibox is multilingual exchange, which supports 5 languages. Apart from English version of the site, the exchange is available in Vietnamese, Mandarin, Russian and Korean. The service features good functionality. The platform supports BIX coins, providing 50% discount on fees when transactions with these coins are performed. BIX is Bibox token. It is profitable to hold Bibox currency to earn passive income.
The exchange requires verification, which can be of different levels. Advanced verification is necessary to all who want to use the site without limitations. The managers of the site ask the customers to prove their identity with documents. The person has to deliver info on his name, address and other details. The advanced verification level requires the photo of the user with a document in hand. It is necessary if you want to withdraw more than 2 Bitcoins per day. It is possible to upgrade the status to be able to withdraw up to 20 BTC a day.
There is a Bibox app if you want to go mobile. The site is available on devices based on different popular platforms, so it is not problematic to trade being on the move.
The company cares much about its security. The users have the opportunity to protect their accounts with SMS and Google Authentication. Also, additional password is used on Bibox to protect the assets of users. It is called the Fund Password. It is necessary when you decide to withdraw assets. In this way, it is not enough for intruder to hack your account to steal funds. The criminal should know the second password as well to rob you.
Security functionality saves all actions of the user in the account. Comprehensive login record is provided to the user so that he could track the activity and see if he could see something suspicious in the account.
As you see the platform is secure enough. Invite your friends to trade there. Besides, this is a possibility to get additional coins. Referee gets 50% commission per trade.
If you see that the service has a referral program, this is a very good sign. It means that the site continues to develop. Trying to attract more customers, the service improves its characteristics and tries to become more comfortable. The development process continues. For instance, work over iOS and Android mobile applications is still under way.
Both traders and makers have to pay 0.10% fee. If you want to economize, it is possible to use BIX and reduce expenses on fees twice. There are different markets available at Bibox. Select the one you need between ETH, DAI, USDT and BTC. Just click on the direction you need to get to the required trading service and the pair you need. These details are mentioned in the panel on the left side along with the price offered at the moment.
Lok at Bibox vote section on the site, where customers can vote for introductions of coin or against it.
The importance of quality support service should not be underestimated on a trading site. The professional assistants should be available, preferably, round-the-clock and be friendly and responsive. This is what you can easily find at Bibox with ample support service. Contact the representatives of the team via web chat, email and social networks. There is also FAQ section on the site, which throws light upon basic issues.
It is necessary to pay attention to user experience to assess the platform because many traders pay attention to this factor making decision upon the right investment. The site is secure and easy to use. There is no need to worry about vulnerability of the site as far as hackers’ attacks is concerned. The platform is also reliable when you deposit and withdraw assets.
Our Bibox review is not comprehensive. Learn much more on forums and threads dedicated to work of the service. It is challenging to select the necessary exchange platform but the selection of variants is really impressive at the moment. The biggest drawback of Bibox is lack of exchange into fiats. So you should find another place for trading is this option is demanded. You can choose such exchanges as Coinfloor, Bleutrade or FYB-SG. Use Signal Trading tips to make better solutions and trade with benefit.
Benefits and drawbacks of Bibox. Review of the exchange ⬆ ⬇ -
average rating 5 from 5
(based on 107 user reviews)