Bibox is an online crypto exchange which was established in 2017. Bibox allows its users to trade in more than 60 coins and the major ones are – Bitcoin (BTC), BIX token (BIX), Tether (USDT), DAI, Litecoin (LTC), DASH, Ethereum Classic (ETC), EOS, NEO, and Fusion (FSN). BIX is the native token of Bibox, and it allows its users to access discounted trading fees. The exchange is accessible through a web-based interface as well as through Android and iOS mobile app. Depositing fund in Bibox account is free of cost, but for trading, 0.1% of the trading fee is applied. Paying with BIX will let the user enjoy the 50% discount on this fee. Withdrawal fee varies with the type of currency being used. The exchange works on the maker-and-taker model where taker fee is 0.15%, and makers are charged nothing. The withdrawal limit from the account is based on the level of verification achieved. For security purposes, the exchange supports 2-factor authentication through SMS authentication or Google authentication. The exchange does not support fiat currency directly, but it has partnered with LinkCoin. Bibox is certainly a decent platform with low trading costs and extensive coin offering.
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