What is BKEX?
BKEX is a cryptocurrency exchange platform where users can purchase, sell and trade digital assets. As one of the first major exchanges to launch in 2018, BKEX quickly earned itself a reputation as an industry pioneer.
some even refer to it as its industry’s first mainstream “sunshine trading” platform.
Following this review, BKEX appears to be making progress, according to user feedback on some of the biggest cryptocurrency forums. Yet there remains room for growth.
Where is the BKEX Exchange Located?
BKEX Global began trading cryptocurrency in 2018 from their headquarters in China, a British Virgin Islands (BVI) company.
Who Founded BKEX?
JM founded BKEX in 2018 in the British Virgin Islands and has provided cryptocurrency trading services to users around the globe.
Who Owns BKEX?
Lion Ji is both founder and current CEO of BKEX Global.
Is BKEX Secure?
The BKEX exchange uses multi-signature cold wallets to store digital assets. They guarantee users full compensation if any losses arising from using their platform.
Is BKEX Legal?
Many people can generally agree that using BKEX is completely legal and free from any potential risks.
Pros and Cons of BKEX
Pros👍
- BKEX Offers a Wide Range of Cryptocurrencies: Trading is available on the BKEX platform for an extensive selection of established and emerging cryptocurrencies.
- Staking Services: Tokens held in a BKEX account can be staked for rewards as the exchange supports various cryptocurrencies.
- Low Trading Fees: BKEX appeals to traders looking to minimize expenses as its fees are lower than many other exchanges.
- Security: BKEX prioritized strong security by incorporating cutting-edge features like cold storage of funds and two-factor authentication to protect user accounts and funds.
Cons👎
- Limited Fiat Support: Some users may require extra assistance when depositing or withdrawing funds from BKEX due to its limited selection of supported fiat currencies.
- Regulator Concerns: Regulators have expressed an interest in BKEX, potentially having negative repercussions for its operations or customer experience.
How to of BKEX
In this section, there is every step-by-step instruction that you are eager to know on how to use the BKEX platform. For instance, how to trade, how to use, how to stake, how to purchase crypto, how to sell, and how to add money.
How to Trade on BKEX
To begin trading on the BKEX platform, open an account and navigate to the Exchange option at the top. Choose which trading pair you wish to trade; for instance, Bitcoin for Ethereum would be BTC/ETH. Adjust your order’s stop loss and market limits accordingly, then enter how much cryptocurrency you wish to invest and confirm before beginning trades.
How to Use BKEX
By understanding what BKEX offers users, you can better protect your digital assets on their platform. If trading is new for you on the BKEX exchange, don’t fret; all that’s required for success are these instructions:
1. Sign Up & Verify
- To open an account on the BKEX website, select “Register.” Once registered, you must complete the verification process by providing your email address, password and other essential details.
- Once registered, the next step is verifying your identity through Know Your Customer (KYC) checks. This involves disclosing personal information as well as valid identity documents.
2. Fund & Trade
- Once your account has been validated, you have several deposit options to fund it with either cryptocurrencies or fiat currencies.
- Once the funds have been deposited into your account, you can begin trading on the exchange by selecting which trading pair you wish to trade, selecting either a market or limit order and entering how much money needs to be traded.
3. Monitor & Withdraw
- On the “Orders” tab, where you can review open orders, trade history and other essential data, you can keep an eye on the progress of a transaction once sent.
- After you’ve finished trading and selected the “Withdraw” tab, you can withdraw cryptocurrency or fiat currency. Enter both amounts due and information related to your wallet or bank account, then submit the request.
How to Purchase Crypto on BKEX
You can purchase your crypto on BKEX with your Coinbase wallet or any supported wallet. Unlike other cryptocurrencies, it isn’t listed on Coinbase’s main market yet. Nonetheless, you can still access cryptocurrency and purchase some BKEX chains through your Coinbase Wallet by following these steps:
- To purchase BKEX with your Coinbase wallet, first purchase Ethereum (ETH) and transfer it to the wallet.
- Afterward, deposit some ETH into your Coinbase Wallet and trade some for BKEX Chain directly within the mobile app or browser extension.
- Select BKEX Chain as your asset by tapping or clicking the “Swap” icon in the Assets tab and choosing “Choose Asset.”
- Enter how much ETH you wish to trade for this asset below; remember to save enough money for transaction fees.
- Confirm your purchase and follow onscreen instructions to complete the transaction.
BKEX only accepts cryptocurrency deposits; no fiat currency can be accepted.
How to Sell on BKEX
Yes, funds can be withdrawn from BKEX. Here are the steps necessary to sell on BKEX and withdraw funds from the exchange:
- Logging into your account on BKEX allows you to select which cryptocurrency you would like to sell by going to the “Exchange” tab and selecting it.
- You may sell any amount of cryptocurrencies by selecting the “Sell” button and entering how much money you wish to get rid of.
- You can set the price at which you wish to sell your bitcoin by placing either a market order or a limit order, depending on which option best meets your needs.
- Once all details of your sell order have been reviewed, click “Sell” to complete the transaction.
Once a sale order has been successfully executed and processed, your BKEX account will be credited with funds.
Steps to Withdraw Funds from BKEX Account:
Step 1
Log into your account on BKEX and select the cryptocurrency you wish to withdraw by going to the “Assets” tab and clicking it.
Step 2
A prompt will appear asking how much cryptocurrency is being withdrawn. Enter recipients’ addresses and necessary information.
Step 3
Once you’ve reviewed and accepted your withdrawal details, click “Confirm to withdraw.”Your transaction will be marked as successful, with funds sent directly to the specified address.
Be mindful of the fees associated with withdrawing various cryptocurrencies and the minimum required. Confirm all details before beginning the withdrawal process to maximize efficiency.
How to Purchase HOGE on BKEX
As HOGE is an ERC-20 token, you can purchase it using the BKEX exchange. Click “Exchange” and choose your trading pair – USDT/HOGE or another. Enter how much USDT you wish to exchange for HOGE on this page before clicking “Buy.” Your account will then be credited with HOGE tokens once processing is complete.
How to Add Money to BKEX
To fund your BKEX account, head to the main page and select “My wallet.” Here you’ll see a list of available currencies; choose Ethereum from this selection, and an “ETH Deposit Address” option appears. Continuing down the page will guide you through this process until it is complete.
How to Stake on BKEX
BKEX is a leading Blockchain exchange that makes unlocking, mining and Staking funds in BRG, MILO, CMCX, DOT, LQR or SHIELD markets effortless! To begin staking from their website: go to Finance at the top and select staking; here, you will be presented with various staking options; pick one and enter your stake amount accordingly.
BKEX Review
Review and basic information of BKEX are as follows.
| Crypto Exchange Basics | BKEX |
|---|---|
| Official Name | BKEX |
| Exchange Representative (Founder) | Lion Ji |
| Headquarters Location | China |
| BKEX Launch Date | 2018-06 |
| Number of Tradable Crypto Pairs | 587 Pairs |
| Weekly Visits | 1,475,415 Users |
| Overall Rating | ⭐ 3.6 / 5.0 |
The rating result at the top is the result of Coin-Labs' overall evaluation of BKEX.
BKEX was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.
BKEX Fee 2023
The fees charged to you for transactions at BKEX are as follows.
| Maker/Taker Fees | BKEX Transaction Fees |
|---|---|
| Spot Maker Fee | 0.15% |
| Spot Taker Fee | 0.2% |
| Derivatives Maker Fee | 0.02% |
| Derivatives Taker Fee | 0.05% |
The fees shown in the table above are BKEX transaction fees charged to a regular user.
BKEX Trading Volume
Trading Volumes of BKEX are as follows. (Based on CoinMarketCap 2023-03-29 14:41:12 data)
| Trading Volume Items | BKEX Trading Volume |
|---|---|
| Daily Trading Volume (24h) | 512,283,274,849 KRW |
| Weekly Trading Volume (7d) | 2,752,560,578,319 KRW |
| Monthly Trading Volume (30d) | 30,894,210,891,175 KRW |
| Daily Volume Change (24h) | -4.99% |
| Weekly Volume Change (7d) | -59.24% |
| Monthly Volume Change (30d) | -6.08% |
Communicate with BKEX
You can check exchange's messenger and SNS information in the table below.
| Types | URL |
|---|---|
| https://twitter.com/BKEXGlobal | |
| 🎺 Messenger | https://t.me/BKEXEnglish |
FAQs
Who founded BKEX exchange?
BKEX was founded in 2018 by Lion Ji.
Where is BKEX located?
Currently, BKEX's headquarters is known to be located in the China.
How many cryptocurrencies are tradable on BKEX?
If you join BKEX, you can trade a total of 587 crypto pairs.
How much is BKEX trading fee?
BKEX has a spot maker fee of 0.15% and a taker fee of 0.2%. On the other hand, the maker fee for futures trading is 0.02%%, and the taker fee is 0.05%%. Please note that these fees are for regular users, and the higher your membership level within BKEX, the lower the fees.
How much is BKEX trading volume 24h?
BKEX's trading volume 24h is 512,283,274,849 KRW. Furthermore, the daily trading volume is showing a -4.99% change from the previous day.
How much is BKEX weekly trading volume?
BKEX's weekly trading volume is 2,752,560,578,319 KRW, with a total of 1,475,415 users. Furthermore, BKEX's weekly trading volume is showing a change of -59.24% from the previous week.
How much is BKEX monthly trading volume?
The monthly trading volume of BKEX is 30,894,210,891,175 KRW. Furthermore, this month's trading volume is showing a change of -6.08% compared to the previous month.
