BKEX Review: Higher Value Of Digital Asset Circulation

October 22, 2023 - Around 8 mins mins to read

The British Virgin Islands played host in 2018 to the launch of a worldwide cryptocurrency and digital asset financial exchange known as BKEX. This BKEX review will introduce details about it’s features.

BKEX Review: Higher Value Of Digital Asset Circulation

Introduction Of BKEX

The BKEX cryptocurrency exchange has customers in over one hundred countries, and in addition to providing services for trading cryptocurrencies, it also provides services for trading derivatives, providing financial services for mining pools, spot trading, Seed Incubator Pro, ETP with constant leverage, and a great number of other services.

It is widely acknowledged that BKEX is the undisputed leader in the blockchain and finance industries. The team of developers includes programmers not only from China but also from a great number of other nations. However, make sure you read our BKEX review carefully and educate yourself further on this cryptocurrency trading platform.

BKEX is a cryptocurrency exchange that provides spot trading with up to x100 leverage, over 1200 assets in the pool, and a total of 1200 assets available for trade. Exchanges between cryptocurrencies and fiat currency are both possible (US dollar is the only available fiat). The trading terminal of the exchange is built on TradingView in a browser; however, there is a free mobile application with functionality that is entirely comparable to that of the primary platform. Because it only charges taker/maker costs and withdrawal fees that are predetermined, BKEX has among of the most transparent fees in the industry. The referral program at the exchange includes two levels, and it may pay out commissions of up to thirty percent for each level. The most significant benefit of using BKEX is access to a smart pool that allows for flexible mining and staking. The exchange operates a number of programs that each have the capability to personalize the investing mechanism in accordance with a distinct set of characteristics.

BKEX Features

Leveraged Trading

BKEX’s trading platform supports leveraged trading. A word of warning may be good for those considering leveraged trading. Leveraged trading can result in enormous rewards, but it can also result in massive losses.

Assume you have $10,000 USD in your trading account and wager $100 USD on BTC going long (i.e., increasing in value). You use 100x leverage to do this. If the value of BTC rises by 10%, you would have won $10 if you had merely staked $100. You have instead won an extra $1,000 USD by betting $100 with 100x leverage (990 USD more than if you had not leveraged your deal). In effect, utilizing leverage while trading is the same as borrowing money from someone and betting that money on whether the relevant cryptocurrency will rise or fall. However, if the value of BTC falls by 10%, you will have lost $1,000 USD (990 USD more than if you had not leveraged your deal). As you can expect, there is enormous potential for both gain and negative…

US-investors

US investors are not permitted to trade here. The fundamental reason for not allowing US investors to trade is legal. Many firms that take funding from US investors face duties under the US legal system. Such requirements include, among other things, drafting and registering marketing materials in conformity with SEC rules (a burdensome process). If you’re a US investor searching for a platform to trade fiat to crypto, try our Exchange Finder to see what options you have.

BKEX Trading View

Different exchanges offer distinct trading perspectives. There is also no “this overview is the best” point of view. You should decide which trading perspective is suitable for you. The views all have one thing in common: they all show the order book, or at least a portion of the order book, a price chart of the selected cryptocurrency, and order history. They usually have buy and sell boxes as well. Before you pick an exchange, have a look at the trading perspective to ensure that it seems suitable to you.

BKEX Trading Fees

Every transaction involves two parties: the maker, whose order was previously in the order book, and the taker, who puts the order that matches (or “takes”) the maker’s order. Makers are so termed because their orders provide market liquidity. Takers eliminate this liquidity by matching manufacturers’ orders with their own.

The trading cost for takers on BKEX is 0.20%. Makers receive a modest reduction on the trading charge and trade with a 0.15% trading fee. These costs are lower than or equal to the industry average, which has historically been 0.25% but is rapidly approaching 0.10%-0.15%.

BKEX Withdrawal Fees

Another price to consider before deciding on an exchange is the withdrawal fee. The withdrawal fee is often set (independent of the number of cryptocurrency units removed) and varies for each cryptocurrency. This exchange costs 0.0008 BTC for BTC withdrawals. This is perfectly in line with the industry norm. According to a survey conducted by us here at Cryptowisser.com, the global industry average BTC-withdrawal cost is 0.000812 BTC every BTC-withdrawal.

Deposit Methods

BKEX does not accept fiat currency deposits. This implies that new cryptocurrency investors (those with no prior cryptocurrency ownership) are unable to trade here. To buy your first cryptocurrencies, you will need to use an entry-level exchange, which accepts deposits in fiat money.

Spot Trading

BKEX is known for offering spot trading services with more than 1000 superior quality currencies, including 700+ USDT pairs, 20+ BTC pairs, and 10+ ETH pairs.

Meta Player

BKEX contract trading covers almost 600 contract masters worldwide. BTC, ETH, LTC, BCH, FIL, EOS, XRP, DOT, UNI, LINK, DOGE, and 1000 SHIB are the available trade currencies. BKEX contract trading offers a two-way opening, and investors can adjust their profit or stop-loss prices.

Smart Pool

At BKEX, Smart Pool provides current mining, flexible mining, regular mining, and new currency mining. With a single click, traders may experience mining money and large earnings. Current Mining – It enables quick transactions in and out of the exchange. It entails coin-standard mining with 22 pools, including USDT, BTC, ETH, UST, DOT, EOS, and others. Flexible Mining entails flexible transfers, revenue growth, and simple mining operations with 13 pools including SQUID, DOT, USDT, BTC, ETH, LTC, and others. Regular Mining – BKEX provides substantial returns, and the exchange is presently operating its 8th Round with an APY of up to 35%. USDT, EOS, FIL, BTC, ETH, LTC, and DOT are the mining currencies for the 8th Round.

Staking

BKEX is a prominent Blockchain exchange that provides one-click staking, simple mining, and versatile unlocking. Users can invest in the currencies BRG, MILO, CMCX, DOT, LQR, and SHIELD.

ETH2.0

ETH 2.0 was just established by BKEX, and it provides a very low threshold, high profits with an APY of up to 20%, no staking risk, and high liquidity, allowing users to engage and depart at any moment. It should be noted that tokens obtained through unlocking can be utilized for further trade by users.

Hashrate Extraction

BKEX Hashrate mining is a cloud mining service that has simplified mining operations, particularly for new miners. It has already completed many steps of the purchase of YH IPFS Super Mining Service and Chia Cloud Mining Service.

Fund

Funds with a net worth of 7.4553 are available on the BKEX crypto platform, including Taihe Stable Fund A, Taihe Stable Fund B, and JDI High Growth Fund.

BKEX Safety and Privacy

The BKEX website promotes itself as a highly secure platform that offers offline multi-signature cold storage wallets to defend against digital theft.

For perpetual contracts, BKEX has implemented an unusual price protection mechanism. Users will be compensated if they trade at irregular prices due to extraordinary market circumstances.

Pros and Cons

Pros

There are 1,200 cryptocurrencies available for trading, with the opportunity to buy/sell any asset for US dollars.
There is a rapid purchase option with debit/credit card payment; all major deposit alternatives are offered;
The platform accepts investment in US dollars, euros, British pounds, Japanese yen, Korean won, and other currencies.
Regardless of the asset or trading volume, traders can use leverage of up to x100.
The fixed taker/maker charge is not affected by the trader’s activity, and the indicator is market-average.
Simple trading platform, many styles of charts, and all main indicators;
There are several investment options available, including staking and mining, with variable terms.

Cons

Although funds can be deposited in a variety of fiat currencies, only the US dollar can be traded.
The website’s ticket system is the sole option to contact customer service; the exchange lacks a call center or email for communication; and the firm is not regulated, while being formally established in the British Virgin Islands.

Is It Safe To Use BKEX?

BKEX is one of the world’s leading exchanges in terms of trading volume. This is a huge cryptocurrency exchange that has grown steadily over the last four years, providing traders with extremely advantageous trading circumstances. The exchange provides access to a wide range of assets, as well as cheap and transparent fees and a variety of passive income alternatives. However, the fact that the firm is not regulated may be a major barrier for some traders.

Conclusion – BKEX Review

The BKEX exchange was founded in 2018 and is still in its early stages. Financing is a unique feature of this exchange that is appropriate for beginners. Other BKEX exchange products, including spot, contracts, mining, and mystery boxes, satisfy the demands of professional traders.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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