BigONE Exchange Review 2023
- What Is BigONE Exchange?
- How Does BigONE Exchange Work?
- Is BigONE Regulated?
- Pros and Cons
- Registration Process
- Buy and Sell Cryptos With BigONE
- Accepted Payment Methods
- Supported Currencies and Countries
- How Is BigONE Exchange Different From Others?
- BigONE Exchange API
- Customer Support
The first thing traders look for while picking a cryptocurrency exchange platform is whether the platform offers trading convenience and safety. Thousands of crypto exchange platforms offer easy trading, but reading and comparing reviews is the most vital part of the process. Among all the leading trading platforms, BigONE is relatively new and emerging. Run anonymously, BigONE offers multiple crypto exchange trading options on one platform. The BigONE exchange review will give complete insight into different aspects of the platform to decide whether it is a legit or scam.
Like all other BigONE exchange reviews, this review will cover different features and aspects like deposit fees, customer support, withdrawal fees, registration process, etc. Once the user reads this review, it will be easy to decide on whether to trade on this website or not. BigONE claims to be the world’s safest and easiest cryptocurrency exchange.
BigONE Exchange Summary
|Supported Fiat Currencies||Yes|
|Minimum Deposit||Depends on Currency & Payment Methods|
|Deposit Fees||Depends on Currency & Payment Methods|
|Transaction Fees||Depends on Membership Level|
|Withdrawal Fees||0.0005 BTC|
|Customer Support||FAQs and Support Centre|
What Is BigONE Exchange?
BigONE is a trading platform for cryptocurrencies where traders can trade BTC, ETH, Ripple, and other currencies. In other words, BigONE is a crypto-to-crypto trading platform based in Singapore and was launched in 2017. BigONE has had its headquarters in China since its inception, where it conducts and maintains its business and operations to serve its clients worldwide.
The BigONE exchange platform was established by crypto experts who have deep knowledge of crypto trading platforms and expertise in digital assets. A blockchain investment firm is also a supporter of this trading platform.
Integrity, Professionalism, Win-Win, and Safety are the four fundamental principles that guide BigONE’s operations. BigONE provides one of the finest crypto exchange services by adhering to these values, providing its clients with the required assistance and resources to succeed in the crypto market.
The company operates its business from Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia to provide investment opportunities.
BigONE Platform Interface
How Does BigONE Exchange Work?
From payment methods to spot trading and security, BigONE operates smoothly, allowing users to trade without any security issues. BigONE is available in four languages: English, Japanese, Chinese, and Korean. It is not, however, available to clients in the United States. Therefore, it seems likely that BigONE is based in Asia or is at least geared toward the Asian crypto buying public.
It uses BitCNY as its foundation currency, similar to how Western crypto exchanges use a tether. BigONE also utilizes Tether, but BitCNY stands out since it is a digital currency whose value is tied to China’s national currency. On Western exchanges, BitCNY is practically never seen.
This exchange platform supports various cryptocurrencies, including BTC, ETH, EOS, ZEC, and others. Furthermore, the exchange platform supports a wide range of Cryptocurrency trading pairings, including BTC, ETH, EOS, and QRU.
The BigONE exchange review offers multiple features to its traders to trade cryptocurrencies easily. Some of them are:-
The website accepts BTC, ETH, BCH, and 140+ premium tokens for spot trading, with BTC, ETH, BCH, and EOS supporting margin trading.
PoS Mining Pool
BigONE offers a mining pool of 14+ products for users to get the highest AROR (annualized rate of return) in the industry.
BigONE Perpetual Futures
BigONE perpetual futures leverage up to 100x expanding to long or short strategic maneuvers.
Users can get a loan approval of 10000 USDT at the interest rate of 1 USDT.
Each of these features is one click away. So users can easily use these features when trading cryptocurrencies. One of the recent features added to the platform is the Star Program. Every BigONE user benefits from BigONE’s Star Program. Unlike other exchanges that primarily appeal to well-heeled influencers or investors with trading fee rebates and commission goods, Star Program caters to every contract trading enthusiast with features like trading fee rebate and commission.
Is BigONE Regulated?
BigONE undertakes the safety of users very seriously. In the Bitcoin industry, cyber-attacks, hacks, and fraudulent operations have become a threat. As a result, investors are concerned about their security and hesitant to risk it for anything else. The firm is regulated under the crypto law enabling the data safety of customers.
BigONE Exchange Review: Pros and Cons
|Multiple coins and tokens are offered to trade.||No margin trading for experienced traders.|
|Competitive 0.2% trading fee.||A quite new trading platform.|
|Easy trading interface.|
Registration Process With BigONE
The exchange reviews provide with registration procedure that is relatively fast and straightforward. The first step is to visit the BigONE website; click the registration button to begin the process. After clicking on the register button, the user will be sent to a registration page. Here, the user will need to fill out a form with an email address, phone number, and name.
Once the verification process is done, the user can log in using the user id and password. An authentication code is sent to the registered mobile number to confirm the user.
BigONE advises against depositing into the trading account before the verification procedure is finished. However, traders may use the BigONE exchange platform to engage in various trading operations once the account verification process is completed.
Under the verification process, BigONE uses two significant methods:-
Know Your Customer
The BigONE platform adheres to the Know Your Customer (KYC) policy to prevent identity theft and terrorist financing. Thanks to the KYC policy, every trading account is traceable to a genuine person in any region of the world.
BigONE requires all of its customers to supply accurate identification information. During the registration procedure, clients must provide contact information, proof of identification, and a valid picture.
Two-factor authentication (2FA) is integrated into the BigONE exchange platform’s security system to secure sensitive trading operations, such as logins, withdrawals, deposits, and password changes. The 2FA prohibits unauthorized access to a client’s trading account without the account holder’s permission.
BigONE Registration Process
Buy and Sell Cryptocurrencies With BigONE
Buying and selling cryptocurrencies on BigONE is pretty handy. Users can buy & sell crypto coins using debit and credit cards.
Below are the steps to buy crypto on BigONE:-
- Click on the Buy Now button after signing in.
- Users can choose the cryptocurrency they wish to buy and the fiat currency to pay for it. Next is to choose the quantity of the cryptocurrency and Fill up the BigONE Token wallet address.
- Users can also buy crypto or BigONE Token with VISA or MasterCard.
- To complete the Bitcoin purchase, there is no need to create an account. Complete a few easy verification procedures to receive the crypto securely, timely, and hassle-free.
The withdrawal and deposits in BigONE are pretty straightforward. The goal of investing in the Cryptocurrency market is to earn a large profit; investors are particularly concerned about withdrawals and require assurance that their winnings may be easily withdrawn. Traders can withdraw and deposit funds via On The Counter (OTC). BigONE employs On The Counter Trading (OTC), which allows customers to buy Bitcoin from one another using Wechat Pay and Alipay.
As per the online BigONE exchange review and our research, we can say that this platform charges investors different fees on trading activities done to fund their overall operations and generate profits in the crypto market. Investors seek to join an exchange platform that charges minimal commissions because commissions and fees vary from one exchange platform to the next. Commissions and fees are generally levied on withdrawals/deposits in the Cryptocurrency market. Depending on the exchange platform, this might be expressed as a percentage or as a set rate. Many investors can afford the charges paid by the BigONE exchange platform because they act as mediators.
The trading charge is usually a percentage of the trade order’s value. Takers and producers are separated in many trades. Those who “take” an existing order from the order book are known as takers.
BigONE imposes flat trading fees, which means that both takers and creators new to this platform pay the fee of 0.20 percent. These fees are in line with industry rates for centralized exchanges across the world. BigONE splits its contract traders into takers and makers. Takers pay 0.06 percent, while makers get a break on their trading expenses and only pay 0.02 percent. These fees are according to the crypto industry averages. Click here for more details on the fees BigONE charges.
Every BTC withdrawal on the website is charged a fee of 0.0005BTC. Compared to the industry average, BigONE’s withdrawal fee is lower than the industry average, generally calculated at 0.0006BTC.
BigONE Accepted Payment Method
Users can use debit cards and credit cards for the payment process. Buying Bitcoin or any other cryptocurrency using fiat money is significantly faster and easier than buying a cryptocurrency with another cryptocurrency. Users will receive a quick confirmation and lightning-fast payments if purchasing BigONE Token with a credit card.
BigONE Supported Currencies and Countries
The BigONE crypto exchange platform supports services in around 69 countries. When it comes to currencies, it accepts BTC, ETH, EOS, QTUM, USDT, LTC, ZEC, etc.
How Is BigONE Exchange Different From Others?
Considering that BigONE is accepted in 69 countries and offers more than 100 digital currencies to trade, traders have a good chance to exchange smoothly.
BigONE Exchange API
In terms of customization, user-interface simplicity of navigation, and design, the trading platforms utilized by various exchange platforms differ from one another. It is because multiple criteria are used by different exchange platforms while building their trading platforms. Regardless of the variations, a good trading platform should be user-friendly, simple to browse, and have essential trading tools incorporated under its API. Clients of the BigONE exchange platform have access to a perfect trading platform.
While the BigONE API doesn’t provide a lot of information, its predecessor, Yunbi, may give some insight. Yunbi was a two-pronged system with public and private API. The public API didn’t need to be verified, but the personal version did in a signature. Individuals and businesses might use it.
Like any other crypto trading platform, the web-based platform’s trading interface includes an order book, buy and sell boxes, order history, and a price chart of various digital coins. The trading platform is easy to use, intuitive, and effective in transaction analysis.
BigONE also provides a GitHub API for developers. BigONE provides a mobile app that is compatible with Android and iOS smartphones. Users who like to trade crypto on phones can install the BigONE App and start trading.
BigONE Mobile App
BigONE Exchange Security
BigONE is considered one of the top crypto exchanges for trading on the market because of its top-level security as per our BigONE exchange review. The aim of the creator and team behind BigONE was to create an exchange platform that can effectively safeguard investors from the rampant security breaches in the Cryptocurrency industry. As mentioned above, the website uses Multiple Signature Cold wallets, 2-Factor Authentication, and Know Your Customer (KYC).
KYC and 2-FA have already been explained above.
Multiple Signature Cold Wallets
The BigONE crypto exchange platform secures and stores its clients’ digital assets using cold and hot wallets. BigONE has approximately 98 percent of the total digital assets in cold wallets housed in various physical locations. However, 2% of the remaining digital assets are made available to investors using hot wallets in different daily trading activities.
To guarantee that the best crypto hardware wallet (Cold Wallet) is kept safe and secure, the BigONE exchange platform only grants manual access to the cold wallets to selected senior authorities once all essential processes have been followed and satisfied.
BigONE Exchange Customer Support
One method to spot a good exchange platform is to look at the customer service the company provides. Exchange platforms are fully aware that traders in the cryptocurrency market require all of the support they look for while trading. As a result, an exchange platform that does not provide essential assistance to its clients demonstrates a lack of customer focus. The BigONE exchange platform has an online assistance center where clients may get help anytime they need it. Requests and concerns can also be sent to the support email address listed on their respective websites.
One can use the social media account of BigONE to share grievances and seek support from the team. Some FAQs also help in clearing doubts.
BigONE Customer Support
BigONE Review: Conclusion
While making this BigONE exchange review, we can say, it is feasible to assume that the BigONE platform is one of the best exchanges in the crypto industry, based on the features and benefits. Its cutting-edge security measures, amazing trading platform, and low fees offer it a competitive edge over other crypto exchanges. However, there are certain flaws in terms of site design, fees, and other aspects.
Is BigONE Trustworthy?
Yes, it is trustworthy as it follows all the security protocols required to safeguard user data.
Is BigONE Exchange Safe?
Until now, there have been no cases of account hacks or any issues.
Is BigONE Token a Good Investment?
Yes, it is valuable enough by giving a good return in the long term. The token price is equal to 1.553USD.