BKEX Review 2023: Detailed Analysis, Fees, and Features!
BKEX, a global crypto-asset financial exchange, was established in 2018 in the British Virgin Islands. It focuses on the absorption and mining of superior-quality digital assets, provides an innovative global station for users around the world, and several investments and trading services among a wide variety of cryptocurrencies.
BKEX crypto exchange has served many users in over 100 countries, and other than providing trading services in cryptocurrency, it also offers Derivatives trading, mining pool financial services, spot trading, Seed Incubator Pro, ETP with constant leverage, and many more.
BKEX is considered to be the king of the blockchain and financial industry. The development team consists of developers from China as well as many other countries. However, read this BKEX review thoroughly and learn more about this crypto exchange platform.
|Headquarters||British Virgin Islands|
|Listed Cryptocurrency||BTC, ETH, BCH, LTC, EOS, FIL, DOT, XRP, LINK, UNI, SHIB, DOGE|
|Supported Fiat Currencies||USD, EUR, GBP, AUD, RUB, THB|
|Supported Countries||Worldwide with few exceptions|
|Transaction Fees||Maker 0.15% / Taker 0.2%|
|Withdrawal Fees||Depends on Cryptocurrency|
|Customer Support||24/7 via Online Chat Service, FAQs, Help Desk, & Social Media Support|
What Is BKEX?
BKEX calls itself a leader among first-tier cryptocurrency exchanges. BKEX is also advertised as the first ‘sunshine trading’ platform with a large market share. This means that their exchange is monitored, and third-party organizations audit their financial transactions. Judging by the ratings and reviews of BKEX on most cryptocurrency forums, BKEX is moving in a better direction. However, they still have a lot of areas that can be improved.
How Does BKEX Work?
- Users must first register and sign up for an account on the BKEX exchange.
- BKEX accepts fiat money deposits. Traders can purchase cryptocurrencies by depositing fiat currency.
- Traders can fund their BKEX accounts by transferring cryptos from a digital wallet.
- The BKEX account is now ready to buy, sell, or exchange supported cryptocurrencies.
- The BKEX exchange trading view is designed for ease of usage, and as order booklets, users search the buy rate and sell price of different cryptocurrencies.
Key Features of BKEX
- BKEX calls itself a sunshine trading platform.
- They are said to use cold-storage wallets that require multi-signature authentication.
- BKEX also claims to be highly stable with a high-speed matching engine.
- They also advertise access to large pools of liquidity.
- BKEX is said to have a professional technical support team with years of experience.
- BKEX exchange also has mobile apps available on both Android and iOS.
- BKEX crypto exchange is considered to be a sunshine exchange platform that uses cold storage wallets. The digital assets are stored in a multi-tier buffer Wallet with a multi-signature authentication requirement.
- BKEX also utilizes a separation technology that separates cold wallets from hot wallets.
- BKEX exchange offers both quasi-real-time and real-time risk control systems and it is considered to be extremely stable with a lightning-fast matching engine.
- BKEX is a global Fiat trading exchange that offers OTC trading in both Fiat currency such as Thai Baht (THB), USD, EUR, AUD, GBP, RUB, and others as well as for cryptocurrencies like USDT, BTC, ETH, LTC, and many more. It supports more than 1000 currency pairs.
- BKEX advertises easy access to large liquidity pools.
- BKEX allows multiple trading and offers a professional, efficient, and experienced customer support team, available 24*7.
- BKEX aims to attain long-term strategic collaboration with SlowMist along with other international top security firms.
Services Offered by BKEX
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.
BKEX contract trading includes more than 600 contract masters globally. The available tradable currencies are BTC, ETH, LTC, BCH, FIL, EOS, XRP, DOT, UNI, LINK, DOGE, and 1000 SHIB. Contract trading at BKEX has a two-way opening, and investors are allowed to reset their profit or stop-loss prices.
Smart Pool at BKEX offers current mining, flexible mining, regular mining, and new coin mining. Traders can enjoy mining finances and high earnings with a single click.
- Current Mining – It allows flexible transfers in and out of the exchange. It involves coin-standard mining with 22 pools such as USDT, BTC, ETH, UST, DOT, EOS, and others.
- Flexible Mining – It involves flexible transfers, revenue appreciation, and easy mining processes with 13 pools such as SQUID, DOT, USDT, BTC, ETH, LTC, and others.
- Regular Mining – BKEX offers high earnings, and currently, the exchange is running its 8th Round with an APY up to 35%. Mining currencies for the 8th Round are USDT, EOS, FIL, BTC, ETH, LTC, and DOT.
- New Coin Mining – It allows users to mine high-quality crypto coins.
BKEX is a leading Blockchain exchange that offers single-click staking, easy mining, and flexible unlocking. Users can stake in the following currencies – BRG, MILO, CMCX, DOT, LQR, and SHIELD.
ETH 2.0 has been introduced recently by BKEX, and it offers an extremely low threshold, high earnings with an APY of up to 20%, bearing no risk of staking, and offering high liquidity that will allow users to participate as well as exit any time they want to. Note that tokens acquired via unlocking can be used by the users for further trading.
BKEX Hashrate mining is a cloud mining service that has made mining processes easy, especially for early miners. It has already delivered multiple phases of YH IPFS Super Mining Service and Chia Cloud Mining Service purchase.
Funds at the BKEX crypto exchange include Taihe Stable Fund A, Taihe Stable Fund B, and JDI High Growth Fund, with a net value of 7.4553.
Seed Incubator Pro
BKEX Seed Incubator Pro offers subscription services for superior-quality crypto assets. The Seed Incubator Pro promotes the development of the crypto and Blockchain industry and provides better financial services for high-quality projects and blockchain entrepreneurship. It selects the premium quality projects and carefully determines them, and also disqualifies those that violate the rules reserved by BKEX Global and Seed Incubator.
BKK Buyback and Burning Records
The BKEX exchange utilizes around 70% of its handling fee to re-purchase and burn BKK records regularly. The burning cycle currently occurs weekly.
BKEX New Sheik Plan
BKEX has come up with a New Sheik Plan that allows users to join the plan and enjoy huge discounts of up to 50% on BKK purchases and high commissions on spot trading and Super Contract handling fees. It also offers various exclusive gifts as well as VIP interests and rights to Sheik members.
BKEX Perpetual Swap Contract
The Perpetual Swap Contract of BKEX features the following:-
- A double set price mechanism that increases the difficulties relating to price manipulation.
- It is anchored to spot market prices.
- It offers flexible leverage with a maximum leverage of 100x.
- It features a mechanism of automatic position reduction to uphold the interests of the traders.
BKEX Review: Pros and Cons
|Low trading fees.||US citizens are not allowed.|
|Large number of listed cryptocurrencies.||There are limitations for withdrawals.|
|Zero deposit fees.||KYC certification is required, otherwise you can only withdraw less than 2BTC.|
|Allows an extensive range of pro-trading options like spot, ETP，Financial，Smart Pool and derivatives trading.|
|Simple interface,has a separate mobile app.|
BKEX Account Registration Process
In order to register on BKEX, users first have to submit their email id or phone number and then create a password. Users are requested never to share this password with any untrustworthy persons.
BKEX does not require mandatory KYC certification, so if you don’t want to be certified, you can still trade, deposit, and withdraw. However, you can’t send bonuses through the app, you can’t participate in Seed Incubator Pro, and you can’t withdraw more than 2 BTC cumulatively in 24H.
To authenticate, the KYC process requires them to provide their personal information and verify them by submitting photocopies of their IDs for the Basic Identity Authentication, whereas, for Advanced Real Name Authentication, users need to submit a photo of themselves holding the ID. In both cases, the verification process is expected to complete within 48 hours.
They will then receive a confirmation code on their phone/email address that they will have to enter. Customers can log in at any time, fund their accounts, and start trading.
- The trading fees or the handling fees charged by BKEX are usually low and as per industry standards.
- The maker fee is generally 0.15%, and the taker fee is 0.05%
- For perpetual contracts, the maker fee is 0.02%, and the taker fee is 0.05%
- BKEX does not charge deposit fees
- The withdrawal fees on BKEX vary from one crypto to the others. For BTC (Bitcoin), the withdrawal fee for a single transaction is 0.0008, and for BCH (Bitcoin Cash), it is 0.0001. Click here for in-depth details about its fee structure.
BKEX Deposit and Withdrawal Method
The only accepted deposit method on BKEX is through cryptocurrency. Investors cannot fund their BKEX account with any fiat money. The withdrawal method is also in cryptocurrencies, and there is a withdrawal fee charged on different crypto withdrawals.
BKEX Supported Currencies & Countries
BKEX exchange supports a lot of cryptocurrencies, including all the popular digital coins and tokens. BKEX is also supported in markets of a large number of countries globally. This cryptocurrency exchange software is also available in multiple languages, including English.
BKEX Token (BKK) Details
BKEX crypto exchange offers a native crypto token known as BKK that allows traders to trade at BKEX. BKK holders can use the tokens to enjoy a 25% handling fee discount when they make trades on the platform.
BKEX Security & Privacy
BKEX site advertises itself as a highly secure platform with offline multi-signature cold storage wallets to protect from digital theft.
BKEX has introduced an abnormal price protection plan for perpetual contracts. BKEX Exchange will compensate users in case of extreme market conditions and if they trade at abnormal prices.
BKEX Mobile App
This exchange provides applications on both platforms like iOS and Android. So users can use it anywhere, anytime! This can help the customers to use this platform at their convenient time and preference.
BKEX Customer Support
BKEX’s customers facing any problems while trading and completing their transactions can raise a token on its customer service page. BKEX information is also available on different social media platforms like Twitter, Telegram, Reddit, Snapchat, LinkedIn, and many more.
BKEX Exchange has 7*24H customer service support, and their customer service comes from all over the world and can communicate in different languages, but most of all in English.
BKEX Review: Conclusion
The BKEX exchange was established in 2018 and is a relatively new exchange. Financing is a special feature of this exchange and is suitable for newbies. Other products of the BKEX exchange such as spot, contracts, mining, and mystery boxes meet the needs of professional traders.
Is BKEX Regulated?
BKEX is a regulated exchange.
Does BKEX Need KYC?
KYC is not required by BKEX for registration and trading but is required if a trader wants to withdraw more than 2 BTC of assets within 24 hours. BKEX exchange offers both Basic KYC certification and Advanced KYC certification.
Is BKEX a Good Exchange?
Yes. Judging from the reviews of BKEX on the major platforms, the BKEX exchange is a good one.
Is BKEX Secure?
Yes, the BKEX exchange uses digital asset storage multi-signature cold wallets. They claim that if a user loses assets due to the platform, they will be fully compensated.