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One of many newer cryptocurrency exchanges to hit the market is Bibox. This alternate was developed by the groups that created Chinese Bitcoin change powerhouses HuoBi and OKCoin. Knowing that, you can relaxation easy knowing that Bibox is an change that can offer quality to its users.

In fact, there are many exchanges available already. Why would someone have a look at Bibox when they can already choose between Binance, Kraken, Gemini, and others?

This is just the question we’re going to reply during our Bibix review. We’ll decide whether or not or not Bibox is a safe trade, the way it handles fees, what costs you'll encounter, and finally, whether or not or not this is an change you wish to use.

When you’re ready to be taught more about Bibox, then let’s get started.

Based on info gathered during its ICO, the Bibox company has two major enterprise entities. One enterprise is a cryptocurrency change which resides in Estonia, while the opposite is a platform based in Japan designed to vary 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 in regards to the staff:

CEO: Jason He
Co-Founder and Abroad President: Wanlin Wang
Head of Marketing: Alicia Pan
Head of North America: Jian Qin
Business Development: Estella Liu
Bibox is outlined by its developers as an encrypted cryptocurrency trade that makes use of leading edge 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 exchange worth investigating.

The Bibox trade presents plenty in the case of nice features. Here are just a number of you’ll expertise for those who resolve to use Bibox.

Trading Options: Bibox offers its users a large range of trading options along with an extended list of altcoins. Traders also have the flexibility to create market and restrict orders. Additionally, Bibox has simple to understand charges 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.

Customer Support: Those who read Korean, Vietnamese, Chinese, Russian, or English will discover Bibox presents its support in these languages. Additionally, the platform has a customer help workers that is ready to cope with problems 23/7. Customers can contact the workforce by submitting a ticket located within the help part of the exchange. There are additionally options to achieve Bibox customer help through Telegram, Facebook, and Twitters. An FAQ section is available within the support part for widespread questions or concerns. Bibox additionally gives several guides and walkthroughs which help navigate the site.

Technology: Bibox wants to be the most technologically advanced cryptocurrency exchange on the market. With its smart instruments and AI performance, the platform makes a robust case for itself. Bibox additionally offers an API which permits 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.

Functionality: When using Bibox, customers get a trading platform that's intuitive and easy to use. There are plenty of features and features available on the trade which make shopping for, selling, and trading quick and easy. These include in-depth charts, trading histories, advanced trading tools, and order books. Additionally, more savvy traders have access to advanced indicators and analysis.

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

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

Withdrawal Fees
Unfortunately, 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, however the fee relies on the digital coin you’re desirous to take out. The site has an entire list of expenses on its fee structure page.

While it is perhaps a new methodology of charging withdrawals relating to crypto exchanges, it’s good to have transparency from Bibox so you understand precisely what you’ll pay.

Trading Charges
The trading fee is an ordinary cost that you can expect to encounter with all cryptocurrency exchanges. When trading on Bibox, it’s a proportion of the trade amount. Currently, Bibos expenses a price of 0.1% on any trades that occur on its platform.

Therefore, any trade made on Bibox, including margins, will end in a 0.1% payment charged to the asset. This is an automated cost and can't be averted as long as you utilize the platform.

Keep in mind, although, that when you pay for the charge with BIX, then you get a 50% discount. That implies that you’ll only pay 0.05% per trade. That’s a reasonably hefty low cost in the event you’re a high quantity trader. This is certainly one of many premier features that makes Bibox stand out from its competitors.
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