Bibox is a new cryptocurrency exchange, founded in 2017 by the former employees of Binance, OKCoin and Huobi, which are the largest cryptocurrency exchange in China and the world. Bibox has a highly competent team and platform to provide access to a wide range of coins and aid in the execution of optimal transactions.
Bibox does not support fiat currencies and is not regulated by any reputable regulatory authorities.
Over 60 coins are available on the platform with 145 market pairs linked to the 5 base currencies; BTC, ETH, USDT, DAI and BIX. Traders can make use of digital currencies such as USDT or DAI that are available to trade on the platform.
Most countries are accepted including the US.
Clients can deposit funds into the account only via a cryptocurrency transfer. Fiat currency deposit is not supported.
The deposit fee is free and withdrawals are charged a network transaction fee. Withdrawal fees vary depending on the currency.
The trading fee is 0.1% and if you pay using BIX, you can get 50% discount.
There is withdrawal limit and the amount is based on the level of verification.
1) 2 BTC daily limit (email verification is required)
2) 20 BTC limit (Identification verification is required)
3) For a higher limit, you need to contact Bibox customer support.
The website is served with 5 languages; English, Chinese, Russian, Korean and Vietnamese.
Clients can contact the team with a ticket support in the Support section. FAQ page is also available. You can contact the support team via Telegram and WeChat as well for prompt and professional answers.
Bibox implements various security measures to protect users’ accounts with SSL encryption, Two-factor authentication, SMS authentication and funds password. The exchange claims to store most of the funds offline in cold storage safely.
The platform is also controlled and governed by an AI system.
Bibox provides a wide cryptocurrency to exchange in a number of markets and a decent trading platform. It has grown quickly in popularity with international traders. Bibox clients can place trades through a web-based interface, a desktop app, an Android and iOS mobile app. Bibox does not support any fiat currencies, however, it is a pretty good exchange with decent trading volume and low fees.
– Easy to use
– Low trading fees
– Desktop and mobile trading available
– No fiat currencies support
– Not regulated exchange