What Is Crypto Exchange ?
A platform that enables users to purchase, sell, and trade cryptocurrencies is referred to as a cryptocurrency exchange, sometimes known as a crypto exchange. These marketplaces enable the trading of one cryptocurrency for another or for fiat money (such as USD or EUR).
Cryptocurrency exchanges offer a venue where buyers and sellers may connect and trade cryptocurrencies for a predetermined price. The exchange serves as an intermediary, facilitating the deal and giving users a safe platform on which to execute trades.
Several cryptocurrency exchanges additionally provide extra services including financing, staking, futures trading, and margin trading. By their trading operations, users of these services have the opportunity to profit from market opportunities.
What Is Bcex Crypto Exchange ?
Users can trade a range of digital assets on the BCEx cryptocurrency market. The exchange’s headquarters are in Singapore, and it was founded in Margin trading, futures trading, and spot trading are just a few of the options offered by BCEx. The “Smart AI” system used by BCEx, which is one of its distinguishing features, is intended to offer consumers individualised investment advice based on their trading preferences and behaviours. Users of the site can simply access their accounts and conduct trades while on the go thanks to a mobile app.
Bcex Crypto Exchange Quick Facts
| Exchange Name | Bcex |
| Exchange Service | Spot and futures trading |
| Exchange Launch Year | Jul 16, 2019 |
| Mobile App | Android & IOS |
| Fiat Option | Available |
| KYC | Required |
| 2FA Security | Available |
| Referral Program | Not Allowed |
| Support | Email & Live Chat Option Available |
| Official Website | Click Here To Visit |
How To Register At Bcex Exchange?
To register on Bcex , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.
You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.
Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.
Bcex Exchange Supported Countries
Bcex Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.
Exceptions are the United States, Canada, Australia, the United Kingdom, Japan, South Korea, Singapore, China, Hong Kong, Taiwan, Russia, in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Bcex .
How To Verify Your Bcex Cryptocurrency Account ?
There is no mandatory verification at Bcex , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.
For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bcex , Revolut platforms.
How To Buy Crypto Or Deposit Crypto At Bcex Crypto Exchange?
There are two main options for topping up your balance on Bcex . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.
Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.
After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.
Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.
Second Method
You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:
- Go to the “Deposit” section from the “Assets” menu.
- From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
- The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
- You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.
How To Withdraw Crypto Asset From Bcex Exchange ?
Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.
Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.
How To Secure Your Bcex Account ?
There are several steps you can take to help secure your Bcex account and protect your funds:
- Enable Two-Factor Authentication (2FA): By requiring a code created by an authenticator app or provided to your phone via SMS to access your account, this adds an extra degree of security to your account.
- Use a Strong and Unique Password: Create a strong password with a variety of capital and lowercase letters, numbers, and symbols. Never use the same password for several different accounts.
- Frequent Account Monitoring: Keep a tight check on your account activity and notify BCex right once if you notice anything unusual.
- Use a Secure Email Address: Choose an email address with strong security features, such as two-factor authentication and a special password, that is solely used for your BCex account.
- Keep Your Device Secure: Make sure that antivirus software is up to date and that your computer or mobile device is malware-free.
- Avoid Clicking Suspicious : Links or Opening Attachments from Unknown Sources: These actions could be part of phishing scams designed to steal your account information.
- You may help protect your BCex account and lower the possibility of unauthorised access to or theft of your digital assets by heeding the advice provided below.
Fees taken when buying virtual currency
Trading Fees
Every trade involves two parties: the maker, whose order is already on the order book at the time of the trade, and the taker, who submits the order that “takes” (or “matches”) the maker’s order. By matching the orders of the makers with their own, takers eliminate the liquidity that the makers created in the market.
The BCEX charges takers 0.20% in trading fees. This fee is comparable to the industry standard, if not a little above it. Also, the exchange provides a discount to makers who trade at a 0.10% commission. Investors who are not interested in filling current orders from the order book will particularly benefit from this.
Withdrawal Fees
When you withdraw BTC from BCEX, a fee of 0.0009 BTC is assessed. This is quite consistent with the industry standard, which is about 0.000812 BTC per BTC-withdrawal Overall, the fees levied by BCEX are comparable to, or perhaps only slightly higher than, the averages for the global industry.
Deposit Method
BCEX does not accept any other deposit methods other bitcoins, which is unfortunate for new cryptocurrency investors. This means that if you don’t already own any cryptocurrency and wish to start trading here, you must first buy it somewhere else before depositing it at BCEX as a second step. Use Exchange Finder and we’ll walk you through it to identify the best cryptocurrency exchange site where you can buy your first coin.
Trade On Go Bcex Is 100% Mobile Friendly
Really wonderful news! For traders who want to access their accounts while on the road, having a mobile-friendly trading platform can be very useful. As long as they have an internet connection, they can monitor their trades and modify their positions at any time and from any location.
It’s crucial to keep in mind that, while being mobile-friendly is a wonderful characteristic to have, it’s not the only one to take into account when selecting a trading platform. When making a choice, one should also take into consideration additional aspects like security, dependability, costs, customer support, and the range of accessible trading products.
How To Contact Bcex Customer Support Team?
You can use these steps to get in touch with BCEX customer support:
Visits Website: Go to the bottom of the BCEX website (https://www.bcex.hk/) to find it.
Click Here: The “Contact Us” link can be found in the website footer. Click there.
BCEX Support Center: You will be taken to the page for the BCEX Support Center. You have a number of ways to contact the BCEX customer service department here, including:
Making a ticket submission: To make a support ticket, click the “Submit a request” button and provide the necessary data.
Live chat: By selecting the “Live chat” button, you can start a live chat with a BCEX support agent.
Email: To contact the BCEX customer support team, send an email to [email protected].
Telegram : Join the BCEX Telegram group (https://t.me/bcex official) to request assistance.
To contact the BCEX customer service team, select the option that best fits your needs and supply the required information.
Features Of Bcex Crypto Exchange
Trading Pairs :
In addition to many other lesser-known altcoins, BCEX provides trading pairs for a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Low Fees :
With a flat charge of for all trades, BCEX offers some of the lowest trading fees on the market.
Security :
In order to safeguard user accounts, CEX, which takes security very seriously, provides two-factor authentication (2FA). Also, the exchange keeps the majority of its bitcoin holdings in cold storage, which reduces the risk of hacker attacks.
Customer Support:
BCEX provides live chat and email customer service around-the-clock. On its website, the exchange also has a thorough FAQ area.
Trading Tools:
Real-time market data, charts, and trade indicators are just a few of the trading tools that BCEX offers consumers to assist them in making educated trading decisions.
Global Reach:
The United States, Canada, China, South Korea, and Japan are just a few of the nations that offer BCEX.
Bcex Good Or Bad Points
Bcex is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Bcex :
Good points:
- Security: BCEX claims to have high security mechanisms in place, such as multi-layer encryption and cold wallet storage..
- Cryptocurrencies : Many of the leading cryptocurrencies by market capitalization are among the many cryptocurrencies that it supports.
- User Friendly : BCEX features an intuitive UI that is simple to use..
Bad points:
- Limited payment options: Users may find it aggravating that there have been reports of problems with the withdrawal and deposit procedures..
- Chinese Government: EThe exchange has come under fire for being opaque and having connections to the Chinese government..
- Trading Volume: It has been charged with wash trading, which is increasing trading volumes artificially to give the impression that the exchange is more active than it actually is.
- Regulatory uncertainty: Accessing their accounts or getting help from customer service has been a problem for some consumers.
Is Bcex Is Safe Platform To Trade ?
The security measures, regulatory compliance, user feedback, and reputation of the trading platform are some things to take into account while assessing its safety. It’s crucial to read the terms of service for the platform and comprehend the dangers of trading cryptocurrencies. Before making any investment decisions, it is advised that you speak with a financial professional and conduct your own investigation.