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Bibox Trade Evaluation: A Authentic Binance Alternative?

Bibox Trade Evaluation: A Authentic Binance Alternative?

One of the newer cryptocurrency exchanges to hit the market is Bibox. This trade was developed by the teams that created Chinese Bitcoin exchange energyhouses HuoBi and OKCoin. Understanding that, you may rest straightforward understanding that Bibox is an alternate that can offer high quality to its users.

Of course, there are plenty of exchanges available already. Why would someone take a look at Bibox when they can already choose between Binance, Kraken, Gemini, and others?

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

In the event you’re ready to be taught more about Bibox, then let’s get started.

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

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

CEO: Jason He
Co-Founder and Abroad President: Wanlin Wang
Head of Marketing: Alicia Pan
Head of North America: Jian Qin
Enterprise Development: Estella Liu
Bibox is defined by its builders as an encrypted cryptocurrency change that uses innovative systems which make it capable of supporting more than 10 million customers at once. With its advanced AI features, Bibox is a digital foreign money exchange price investigating.


The Bibox exchange presents plenty on the subject of nice features. Listed here are just just a few you’ll experience when you determine to use Bibox.

Trading Options: Bibox offers its users a large range of trading options together with a protracted list of altcoins. Traders also have the flexibility to create market and limit orders. Additionally, Bibox has straightforward to understand fees for all users (which we’ll cover in a bit). If traders use the Bibox native token, BIX, when trading, they obtain a 50% low cost on all transaction fees.


Customer Help: Those that read Korean, Vietnamese, Chinese, Russian, or English will discover Bibox affords its help in those languages. Additionally, the platform has a customer assist employees that is ready to cope with issues 23/7. Customers can contact the crew by submitting a ticket located within the support part of the exchange. There are also options to achieve Bibox buyer support by Telegram, Facebook, and Twitters. An FAQ section is available within the assist part for widespread questions or concerns. Bibox additionally gives a number of guides and walkthroughs which help navigate the site.


Technology: Bibox wants to be probably the most technologically advanced cryptocurrency trade on the market. With its smart instruments and AI functionality, the platform makes a robust case for itself. Bibox also offers 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.


Performance: When using Bibox, customers get a trading platform that is intuitive and simple to use. There are many features and functions available on the change which make shopping for, selling, and trading quick and easy. These embody in-depth charts, trading histories, advanced trading tools, and order books. Additionally, more savvy traders have access to advanced indicators and analysis.

Bibox also presents its BIX token, which gives users the power to reduce their fees. Think of it along the identical lines as Binance. The trade has its own token which when used offers customers a discount on transaction fees. The BIX token is an ERC20 primarily based coin which resides on the Ethereum blockchain. Utilizing BIX gives users a 50% trading discount which makes it price using while trading on the Bibox exchange.

Deposit Fees
Relating 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 rather 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 payment when withdrawing your cryptocurrency from Bibox, but the fee relies on the digital coin you’re eager to take out. The site has a whole list of costs on its price structure page.

While it might be a new methodology of charging withdrawals in relation to crypto exchanges, it’s nice to have transparency from Bibox so you recognize exactly what you’ll pay.

Trading Charges
The trading payment is a standard cost which you could count on to come across with all cryptocurrency exchanges. When trading on Bibox, it’s a share of the trade amount. Currently, Bibos fees a charge of 0.1% on any trades that occur on its platform.

Therefore, any trade made on Bibox, together with margins, will lead to a 0.1% price charged to the asset. This is an automatic cost and can't be averted so long as you utilize the platform.

Bear in mind, though, that if you happen to pay for the fee with BIX, then you definitely get a 50% discount. That implies that you’ll only pay 0.05% per trade. That’s a pretty hefty discount in case you’re a high quantity trader. This is unquestionably one of the premier features that makes Bibox stand out from its competitors.

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