Bibox Trade Overview: A Reputable Binance Different?

Bibox Trade Overview: A Reputable Binance Different?

One of many newer cryptocurrency exchanges to hit the market is Bibox. This change was developed by the teams that created Chinese Bitcoin alternate powerhouses HuoBi and OKCoin. Figuring out that, you can rest easy figuring out that Bibox is an change that may provide high quality to its users.

After all, there are plenty of exchanges available already. Why would someone have a look at Bibox after they can already select between Binance, Kraken, Gemini, and others?

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

For those who’re ready to be taught more about Bibox, then let’s get started.

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

There isn’t loads of details about the Bibox leadership workforce outside of who they are. Right here’s what we do know concerning the crew:

CEO: Jason He
Co-Founder and Overseas President: Wanlin Wang
Head of Marketing: Alicia Pan
Head of North America: Jian Qin
Business 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 trade price investigating.


The Bibox exchange gives loads in relation to nice features. Listed below are just a few you’ll expertise if you happen to decide to make use of Bibox.

Trading Options: Bibox affords its customers a large range of trading options along with a long list of altcoins. Traders also have the ability to create market and restrict orders. Additionally, Bibox has easy to know 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% discount on all transaction fees.


Buyer Support: Those that read Korean, Vietnamese, Chinese, Russian, or English will find Bibox presents its help in those languages. Additionally, the platform has a buyer assist workers that's ready to cope with problems 23/7. Customers can contact the team by submitting a ticket situated in the help section of the exchange. There are also options to achieve Bibox buyer help by way of Telegram, Facebook, and Twitters. An FAQ section is available in the help part for common questions or concerns. Bibox also offers several guides and walkthroughs which assist navigate the site.


Technology: Bibox needs to be probably the most technologically advanced cryptocurrency trade on the market. With its smart tools and AI performance, the platform makes a powerful case for itself. Bibox additionally affords an API which allows 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, users get a trading platform that's intuitive and simple to use. There are many features and capabilities available on the trade which make shopping for, selling, and trading fast and easy. These embrace in-depth charts, trading hitales, advanced trading tools, and order books. Additionally, more savvy traders have access to advanced indicators and analysis.

Bibox also gives its BIX token, which gives customers the ability to reduce their fees. Think of it along the identical lines as Binance. The change has its personal token which when used provides users a reduction on transaction fees. The BIX token is an ERC20 based coin which resides on the Ethereum blockchain. Utilizing BIX gives customers a 50% trading discount which makes it worth using while trading on the Bibox exchange.

Deposit Charges
In terms of deposit charges, there are none with the Bibox exchange. This is something that many exchanges incorporate as a part of their platform strategy since they’d somewhat have the money put to make use of for trading purposes.

Withdrawal Charges
Sadly, 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 charge relies on the digital coin you’re eager to take out. The site has a whole list of expenses on its charge construction page.

While it might be a new method of charging withdrawals relating to crypto exchanges, it’s good to have transparency from Bibox so you understand exactly what you’ll pay.

Trading Fees
The trading fee is a typical cost that you can expect to come across with all cryptocurrency exchanges. When trading on Bibox, it’s a share of the trade amount. At present, Bibos fees a charge of 0.1% on any trades that occur on its platform.

Subsequently, any trade made on Bibox, together with margins, will end in a 0.1% charge charged to the asset. This is an automatic charge and can't be averted as long as you employ the platform.

Remember, although, that should you pay for the payment 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 the event you’re a high volume trader. This is unquestionably one of the premier options that makes Bibox stand out from its competitors.