Bibox is a Chinese cryptocurrency and digital asset exchange that allows its users to buy and sell more than 60 currencies. It offers competitive 0.1% trading fees as well as fee discounts for holders of its native BIX token and desktop and mobile trading apps.
Founded in 2017, Bibox is an online crypto exchange where users can trade a wide range of digital currencies against BTC, ETH, USDT, DAI and BIX. BIX is Bibox’s native token, which allows holders to access discounted trading fees.
Bibox users can place trades through a web-based interface or through a desktop app as well as through an Android and iOS mobile app. The platform also offers its CunBi Bao financial product, which allows users to lock up specific digital assets (such as bitcoin or BIX tokens) for a fixed period to earn interest.
To start trading with Bibox , Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Bibox website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Bibox account
Step 7. The next step is to complete your Know Your Customer (KYC) verification, for which you need to upload soft copies of your Permanent Account Number (PAN) and your Aadhaar ID card.
Step 8. Bibox Promise that they carry out KYC verification within the same day of the uploading soft copies of relevant documents.
Bibox offers their traders an exceptional web-based trading platform that is accessible directly from the Bibox website. The exchanges platform is beautifully designed for the ease of use and understanding of all its features. Traders have the choice to view a basic platform mode or a full-screen platform mode.
The latter is somewhat more advanced and built for experienced traders who want to utilize the technical analysis tools provided. However, both versions of the platform offer the same features and just use a different layout. Both platform versions come complete with a sophisticated chart where traders can use a number of technical indicators and charting tools to analyze the price of the underlying digital asset.
Why Choose Bibox
Safe use of microservices splitting design and AI to provide smart token and trading management.
Memory matching system of megabits per second with admissible user throughput up to ten million.
Multiple Coins & Trading Pairs
Support up to 90+ high-quality coins and 200+ various trading pairs.
Professional team with rich experience in the field of blockchain, finance, digital assets and AI.
7*24 hours service with multilingual support to solve your inquiries instantly.
Traders who purchase Bibox’s very own Bibox Token can use it to pay discounted fees on the Bibox trading exchange. This provides an incentive for traders to buy and hold the Bibox Token. Traders who do not hold the token are subject to paying a minuscule 0.1% trading fee on all trades. There are no fees for depositing cryptocurrencies but withdrawing cryptocurrency from the exchange comes with a charge of 1% of the withdrawal amount with a minimum of $15 withdrawn.
Bibox have and will always stress out how important it is to make sure that the website that you are dealing with has ample customer service to help you out in case you need assistance. Bibox.comdoes not have any phone numbers that you can call to ask for assistance but they do have an email which you can contact at [email protected] or talk to them through Wechat: BiboxKf-02. Interested parties/customers can also get a hold of them through social media websites like Facebook, Twitter, Reddit, and Instagram.
Best User Experience is also an important factor that traders need to look into if they are planning to invest funds into a centralized exchange website. The reason for this is security. Exchange websites like Bibox.com accept deposits and withdrawals that go through their system. This makes every customer’s funds vulnerable to any possible attacks and without any solid explanation on how assets are being stored, it is imperative to know what people say about their services.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.