Launched in 2017, Big.one is a crypto-to-crypto exchange platform where you can buy and sell bitcoin (BTC), ether (ETH) and 100+ other digital currencies. The platform also offers its own BigONE tokens, which are based on Ethereum’s ERC20 standard and can be traded on the exchange. BigONE is supported by blockchain investment firm INBlockchain.
Big.one is a coin-to-coin exchange where users can trade in Bitcoin, Ethereum, Litecoin, and other digital assets. Currently the number of supported cryptocurrencies at this exchange is over 30 and it was launched a month ago.
Asis usually the case with most such venues, BigONE offers a single account type with no option for margin trading and has set no special limitations on the minimum or maximum amount you can send.
Big.one is backed by blockchain investment firm INBlockchain, which in addition to BigONE is also an investor in EOS, steemit, Zcash, MobileCoin, EOS, Candy Box, Global Social Chain (GSC), among others. In fact, several INBlockchain’s portfolio companies are also cryptocurrencies that are supported on the BigONE platform, for instance Monaco and EOS, to name a couple.
|Trading fee||0.20% – 0.25%|
|Withdraw fee||0.002 BTC|
Big.one Trading fees
The fees at any exchange are very important to consider. It should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
Big.one Withdrawal fees
Big.one charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is in line with industry average.
Big.one does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at BigONE. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.
No Trading and Deposit Fees
Trading fees on BigONE are zero since it launch and the promotion is valid till the end of 2017. Also deposits are free of charge. This sounds really attractive, as most exchanges charhe at least market “takers” with an average of 0.20% – 0.25% per trade.
Best Trading platform
The web-based platform provided by BigONE is really good. Apart from the perfectly functional order book, it offers great charting powered by TradingView and is equipped with a number of technical analysis indicators. There is also a market depth window. Here is a screenshot of the platform.
If you’re confused about something or have a question regarding your account, BigONE offers an online help centre with answers to a range of FAQs. If you still need assistance, the customer support team can be contacted by submitting a support request through Zendesk.
Big.one has left us with mixed feelings. On the one hand, its trading platform is great and you can trade in a lot of coins with no transaction fees. On the other hand, it applies relatively high withdrawal fees, requires verification,
Big.one what is worse, provides no information about the company owning and operating it. Such information is important, as most crypto-exchanges are not licensed, nor overseen by any authority and investors have the right to know to whom they are actually sending their coins.