What is BKEX?
Released in 2018, making it a relatively new platform, BKEX is a cryptocurrency exchange that tries to cater more to the professional trader audience. However, that is not to say that casual traders may have a hard time trading here. Therefore, you will find a range of options provided here, from derivatives and spot trading to staking, copy trading, and more, which may be more than enough for most traders.
While offering various options for trading is generally favorable, the experience can be dampened if there aren’t enough cryptocurrencies to trade with. However, it seems like traders don’t have to worry about that here since it supports more than 1200 tokens.
From what we have gathered, the exchange is located in the British Virgin Islands and is a registered entity there since it has apparently acquired an official license to carry out financial activities. That said, it still functions independently and isn’t under the direct control of any international regulator.
BKEX exchange is currently suspended.
How to Register on BKEX
If you have come across this exchange and are looking to trade here after you are satisfied with what it is offering, then look no further. In this guide, we will be focusing primarily on the exchange’s onboarding process, i.e., its registration and KYC processes, so that you can start your trading journey.
Step 1. Visit the BKEX Website
To register for an account on the exchange, we advise you to click the button above and head over to the BKEX official signup page–that way, you can eliminate the chance of entering the wrong scam site. Plus, our referral code is attached with the link, so get the discount while signing up.
Step 2. Enter Your Email Address
On the registration page, you will have the option of using either your email address or phone number to sign up. Here, we will be using an email address as an example; however, you can toggle between the two if you choose otherwise. So, enter the email address you want to use in the appropriate field.
Step 3. Set a Strong Password
Similar to any other exchange’s registration procedure, you will be required to set up a password for the account you are creating here. However, you should see to it that your password contains a combination of uppercase and lowercase letters, numbers, special characters, or more. Other than that, it should contain a minimum of 8 characters, but the longer, the better, and one other thing you can do is add a password that is entirely unique, i.e., one that you haven’t used prior to your registration here.
Step 4. Add a Referral Code
If, by some chance, you have been invited by another user to this platform, then you might want to add their referral code here if you’d like to access some sign-up bonuses or a few other rewards. Still, if you don’t have a code on you, you may skip this step entirely or simply search for one online. However, do note that once the referral relationship has been established, it cannot be changed, so choose carefully if you have more than one code.
Step 5. Agree to the BKEX Terms of Service
Whenever you are registering on an exchange, and not just BKEX, it would be advisable if you went through every policy, rule, or term of service it has outlined so that you are properly informed. Although it may take some time, it might still be worth it, as you will be knowledgeable about anything that might not be to your liking, which may even make you re-evaluate your decision to invest here. So, click the BKEX User Agreement button, and once you have gone through all of that, tick the box that signifies your agreement.
Step 6. Enter Your Verification Code
After all that, you will have to add a verification code that will be sent to the email address you entered previously. So, open your inbox, copy the code, and add it to the relevant field to verify your email address. Once you have done that, you will finally be done with your registration process, and all that’s left now is to move on to the KYC process it includes, which we will discuss below.
How to Verify on BKEX
Unlike other centralized cryptocurrency exchanges, BKEX does not make KYC compulsory, meaning you can deposit, withdraw, and trade without getting your account verified. Nonetheless, there will be some limitations, in that you will be subject to withdrawal limits and might not be able to use some of its services, such as Seed Incubator Pro or more, for instance. So, click on the profile icon at the top once you have logged into your newly created account and navigate to the account verification page.
Step 1. Complete Basic Verification
For the basic identity authentication process, all you have to do is submit your personal information along with photocopies of the relevant identity documents for verification.
Step 2. Complete Advanced Verification
For advanced verification, or rather “Advanced Real Name Authentication,” you will have to submit a photograph of you holding your ID. The verification procedure here will take approximately 48 hours to complete.
FAQs
How to Create an Account on BKEX
To sign up on BKEX, simply head over to its website, click the Sign Up at the top, and follow the instructions outlined, which will entail you entering your email address, setting up a password, and adding your email verification code.
How to Enable 2FA on BKEX
Google Authenticator can be described as a unique password tool that works in a manner similar to that of SMS dynamic verification. Once you have bound Google Authenticator, every 30 seconds, it will produce this dynamic verification code, which can then be utilized for the security verification of withdrawals, logins, security setting modifications, or other operations.So, to enable 2FA, just head over to the Play Store on your Android phone and download the Google Authenticator mobile application. Afterward, log in to your BKEX account, click your profile icon towards the upper right corner, and navigate to your security settings.Click the Google Authentication option to acquire your “linking” key, which you can then copy. It is preferable if you record this on some paper documents instead of an electronic device, which could pose some security risks, as if you lost your phone, for instance, you would not be able to recover this key.Open the Google Authenticator application, tap the + button at the bottom, and select Enter a setup key as an option. Add the account name, paste the key you copied earlier, and click Add. Now on the BKEX Google Authentication page, click Next, enter the Google Authenticator and email verification codes, and then click on Submit.
Does BKEX Force KYC?
No, it doesn’t. You don’t have to go through KYC to trade, deposit, or withdraw on this exchange. However, you will be subject to some limits–how do I complete the KYC?
