The most detailed BKEX Exchange Review on the web: The BKEX cryptocurrency exchange is home to both spot trading and a derivatives market that offer margin products for both retail investors and professional traders and after reviewing the platform it is clear to me why so many traders keep coming back. First of all, the list of tradable cryptocurrencies is over 1150 coins. Secondly, the exchange offers both standard trading, leverage trading, mining protocols, and a staking program. This makes BKEX a very unique trading platform and it comes with even more surprises for all traders. Read the full story in our review.
• Top rising altcoins for the day on the home page
• Great products for investors, traders, and miners
• Cold storage crypto wallet and multi-signature protection
• Non-regulated cryptocurrency exchange
• Missing educational material for beginner investors and traders
• There is no option to buy crypto with fiat
In this section of our BKEX review we have highlighted 6 special features that sets them apart when compared to other platforms.
BKEX is a centralized contract and spot trading cryptocurrency exchange based in the British Virgin Islands with a reputation of being a solid and stable platform to trade altcoins. The list of altcoins seems endless and if you are deep into trading altcoins you will have no problem finding what you are looking for here. BKEX makes buying and selling cryptocurrencies with leverage very accessible for everyday traders and this is one of their strong features as a platform, it is very easy to navigate.
The company behind the operation is BTC King Technology Co Ltd and has its headquarter located at RoadTown, VI. When browsing the platform it is obvious that the team has made a good job of structuring the layout in a way that makes it suitable for both beginners and advanced traders. The platform is also available to all countries except China and Singapore, making it a global digital asset hub for altcoin traders.
Why use BKEX
This platform is built for altcoin trading and for all traders out there who are looking for a fast engine to serve their daily trading you will be positively surprised when you try the matching server. The interface runs very smoothly with Tradingview charts which makes for superb charting, a must-have for all technical traders. On the home page, you will find the top gainers for the day making it easy for you to catch the market volatility of the day.
BKEX is not only about active trading, there are several products for all stakers and miners out who rely on these ventures for generating passive income with digital assets. In the main menu, you can easily locate the Smart Pool that enables miners to choose between Flexible mining, Regular mining, and new coin mining. I’ve never seen a platform with direct access to mining new coins that have just been released to the market, this should give you an edge against other miners.
From the Financing tab in the main menu, you can find all the different staking protocols that BKEX offers. There is also an option to stake ETH 2.0 which has a very low threshold and absolutely 0 risks.
Trading on BKEX
I am happy to see that the BKEX team has implemented a real stop loss order and take profit order that makes it easy for beginners to manage their risk while they trade on the platform. The exchange offers both Spot markets and Contracts trading which are a little bit different. The spot market gives you access to all the coins listed on the exchange with all the trading tools you need to buy and sell crypto with ease.
The Contracts markets, or Perpetual Swaps, give you access to all assets with a 100x leverage option and the option to short sell the market if you believe it is going to keep declining. The trading interface is somewhat customizable and you can change the colors of the chart, adjust the order book, and swap between a dark and bright mode. The main interface has an option to switch to a full-depth chart that gives you a vision of the most important parts of the order book, a great tool for scalpers and day-traders.
How to use BKEX
It is very straightforward. After you have signed up for the exchange you can select your next venture from the main menu. To be able to start trading you first need to send funds to the exchange which is done from the Wallet account. To get here simply hover over the Assets tab in the main menu and click Wallet account. To deposit coins on BKEX, follow these steps:
- In the main menu, select Wallet account.
- Coose the coin you want to trade.
- Click Deposit.
- Copy the Deposit address.
- Paste this address on the exchange or wallet where you want to send your funds from.
- After you have received your funds, choose between Contract or Spot market in the main menu.
That’s it, you have successfully deposited coins and entered the trading platform on BKEX.
BKEX Category Rating
What sets BKEX apart from the rest
There are three things that come to mind when I think about what sets BKEX apart from similar platforms. First, the variety of products they offer, and secondly the order selection for traders. It’s not often we see real stop-loss orders and take-profit orders that are developed for security and ease of use. Thirdly, BKEX offers a great screening tool on the front page that all traders can use to find moving markets and more importantly, liquid markets that will not try out. This is especially good for beginners and investors with deeper pockets.
Things to improve on
I would love to see a government regulation to stay increase the credibility of this centralized exchange. Another thing that would be a great addition to this exchange is an education hub where new investors can get an introduction to the world of digital asset trading.
BKEX Trading Fees
About the special features on BKEX
Perpetual swaps, spot market, smart mining pools, and staking protocols are what define this centralized exchange and I would like to highlight some features that deserve extra attention. First of all, the transaction fee is around average with the option to user maker orders to reduce the fee slightly.
BKEX has a massive list of altcoins with over 1150 listed tokens with a mix of most legacy coins and new more unknown coins that could have a huge potential growth going into 2022. The option to short-sell digital assets makes BKEX very complete when it comes to buying and selling coins.
For those of you who are constantly on the move, the mobile app is a must-have if you choose to trade on BKEX. Use all the technical tools and the same features as the desktop but in a smaller version. The app is available for both Android and iOS. See the home page to learn where to download the app.
The spot market is the standard market of BKEX that offers all altcoins and all trading pairs. The spot market is equipped with all the technical tools you need to do a full technical analysis of the market you are trading. Keep in mind that you can trade the spot market with a 25% reduced transaction fee when you use the BKK native token.
Perpetual Swap Market
If you are a professional trader or an experienced investor you can get access to 100x leverage for your trades. Remember that this style of investing comes with greater risks and it should not be attempted by inexperienced traders. On the perpetual swap markets, you can calculate your potential profits using the trading calculator before you enter the market. This is a great tool to check that your risk-reward ratio is on point.
Smart Pool Mining
In the Smart Pool, you can choose between flexible, regular, and new coin mining. The minim protocol is very easy to get started with, all you need to do is to deposit the coin of choice and you will start earning coins daily. Regular mining has a higher earnings potential while the new coin mining is only mining new projects that are released on the exchange.
BKEX has launched a one-click staking program to enable staking to all beginners. This is one of the easiest staking modules I’ve seen so far and the only thing you need is your favorite coin. Click Lock now to enter the staking pool and earn up to 50% APY.
Our own experience with BKEX
BKEX Funding Methods
BKEX Withdrawal Fee
Is BKEX legitimate and safe to use?
After looking around online for reviews of BKEX we could not find anything that is linked to unsecured activity. The platform employs a cold storage wallet that will secure your funds in the best way possible for exchange operators. A Google Authenticator is an option to increase the security of your account. Other safety features are email verification, phone verification, and a fund code that can be used when trading your account.
We consider BKEX to be safe to use.
Is BKEX regulated?
No, this centralized exchange is not regulated by any government.
Frequently asked questions
Read what other investors ask about BKEX. Find answers without searching the web.
The headquarter of the company behind the exchange is located at Road Town in the British Virgin Islands.
The reported daily volume of the exchange today is roughly $615, 622,856 making it a medium-sized exchange. The amount of markets and trading pairs on BKEX is significantly higher than the average centralized exchanges.
It is a centralized cryptocurrency exchange and app that offers both spot trading and contract trading with up to 100x leverage on digital assets.
Yes, all countries except China and Singapore are welcome to trade on the exchange.
The BKK coin is available to trade on CoinEx and BKEX.
Yes, you can find ways to download the mobile version of BKEX on their home page.
BTC King Technology Co Ltd is the company in charge of the operations.
The exchange employs crypto deposits and withdrawals only which are restricted to standard block confirmations depending on the blockchain. It will take between 5-60 minutes to withdraw funds from BKEX.
For spot trading, the maker fee is 0.15% and the taker fee is 0.20%. For contracts trading, the maker fee is 0.02% and the taker fee is 0.06%
You are not obliged to send in your KYC documents on BKEX but if you want to increase the security of your account then I recommend that you identity yourself.