BKEX exchange calls itself a leader among first-tier cryptocurrency trading platforms, but reviews on various crypto forums are unfavorable. Moreover, their actual trading volumes, security features, liquidity amount, and reliability fall short of their promises. Nevertheless, BKEX is one of the well-known cryptocurrency exchanges. It provides the easiest way to get started in the crypto world.
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Summary
- BKEX is said to use cold-storage wallets that require multi-authentication.
- The platform claims to be highly stable with a high-speed matching engine.
- BKEX advertises access to large liquidity pools.
- It is said to have a professional support team with years of experience.
- The mobile app is available for iOS.
What is BKEX?
BKEX was established in the year 2018. Headquartered in the British Virgin Islands, the exchange initially operated solely as a peer-to-peer margin payment network for Bitcoin. But, now, It is a prominent digital asset trading platform. It provides its services to approximately 2 million users in more than 208 countries worldwide. Currently ranked 29th globally, traders can use it to buy and sell cryptocurrencies. It calls itself a leader among first-tier Cryptocurrency exchanges. But, BKEX reviews and ratings available on various crypto forums are not very satisfactory.
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Products and Services Offered By BKEX
- BKEX offers several services, including spot trading, OTC services, and leveraged ETP products.
- It offers an advanced, customizable Graphical User Interface, over 50 trading pairs, i.e., BTC, ETH, and many order types include limit, stop limit, market, stop, trailing stop, and scaled orders.
- It accepts fiat in EUR, GBP, JPY, and USD currencies. Traders can process deposits in fiat currency through a wire transfer.
The exchange supports almost all the popular digital coins and tokens. It is supported in markets of a large number of countries worldwide. Traders have the option to diversify their funds. But, some countries have restricted their services because of scammers.
The exchange claims to be a top destination that ranks third worldwide in transaction volume. But, this claim has been disputed by many industry insiders. Most traders claim that the exchange is a scam and it is not regulated by any established authority. On its website, BKEX positions itself as a professional and reliable exchange. They say that this is under supervision and auditing from third parties.
What is BKK?
BKEX has a digital token called BKK, too, that traders can buy and trade on its platform. In addition, BKEX’s website publicizes itself as a highly secure platform with offline multi-signature cold storage wallets to protect from digital fraud. But, many traders have claimed to have been unable to withdraw funds from their wallets.
BKEX Review: How does BKEX Work?
- Traders will first have to register themselves and sign up for an account.
- Then, they will have to fund their accounts.
- The account is now ready to buy, sell, hold or exchange the various supported cryptocurrencies.
- The exchange trading view is designed for ease of usage.
- Users can also search the buy and sell price of different cryptocurrencies.
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BKEX Review: User Experience
The BKEX interface offers profound simplicity, which allows you to navigate it without difficulty. It is also an intuitive platform and makes a wide range of trading tools available for pro-traders. Although the interface contains many advanced tools for professional traders, the interface’s simplicity makes it simple to navigate. In addition, it provides many other features that make their trading experience more convenient. For example, the user interface includes balance, order book, open orders, trade history, candlestick price structure, and view charts in different time frames. In addition, it provides many other features that make their trading experience more convenient.
BKEX Review: Customer Support
While BKEX serves as an international exchange, its support site is in Chinese. A customer support system is available round the clock through live chat, support tickets, and various social media. Customers from all countries are welcome, except the United States, Cuba, North Korea, Pakistan, Venezuela, Iran, Syria, and Crimea.
BKEX Review: Security
For logins and withdrawals, the exchange provides 2-factor authentication. Unfortunately, the exchange had been hacked several times despite the so-called “strong” security measures. Many major hacking attacks occurred between May of 2015 and August of 2016. Due to these attacks, many investors lost their precious cryptocurrency balances.
BKEX Review: Fees
The trading or handling fees charged are usually low and per industry standards. In addition, the platform does not charge any deposit fee. The withdrawal fees vary from one crypto to the others. For example, for Bitcoin, the withdrawal fee for a single transaction is 0.0008, and for Bitcoin Cash, it is 0.0001, and so on.
BKEX Review: Pros and Cons
| Pros | Cons |
|---|---|
| Its trading fees are low. | It is not regulated by recognized financial regulatory authorities |
| It has many listed cryptocurrencies. | Users face many issues with withdrawals. |
Conclusion
If you are a non-US extensive trader or want to trade large amounts of cryptocurrency, BKEX may be a great option. However, the lack of simple deposit methods, combined with the complicated interface, will almost certainly require additional time to master your skills.
Frequently Asked Questions
1. Is BKEX trustworthy?
On its website, BKEX considers itself as a professional and reliable exchange. They state, “The first sunshine trading platform,” with supervision and auditing from third parties.
2. Who owns BKEX?
Operated by BTC King Technology Co., Ltd (Registered address: British Virgin Island; Registration Code:1978707), BKEX is the first community-consensus digital assets trading platform in the world.
3. Is BKEX a reputed Crypto platform?
It claims they are the third-largest exchange in transactions, but this is proven untrue from all shared BKEX reviews.
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