Bibox Review 2019 – Ratings, Features & Security

Bibox review - Bibox Official Logo image

Bibox review - Bibox Official Logo image

Overview

Bibox is a new cryptocurrency exchange, founded in 2017 by the former employees of Binance, OKCoin and Huobi, which are the largest cryptocurrency exchange in China and the world. Bibox has a highly competent team and platform to provide access to a wide range of coins and aid in the execution of optimal transactions.

Bibox review - Bibox exchange platform2

Bibox does not support fiat currencies and is not regulated by any reputable regulatory authorities.

 

Currency Supported

Over 60 coins are available on the platform with 145 market pairs linked to the 5 base currencies; BTC, ETH, USDT, DAI and BIX. Traders can make use of digital currencies such as USDT or DAI that are available to trade on the platform.

 

Bibox review - Bibox coin treasure

Countries Supported

Most countries are accepted including the US.

 

Payment Method

Clients can deposit funds into the account only via a cryptocurrency transfer. Fiat currency deposit is not supported.

 

Fee

The deposit fee is free and withdrawals are charged a network transaction fee. Withdrawal fees vary depending on the currency.

The trading fee is 0.1% and if you pay using BIX, you can get 50% discount.

 

Limit

There is withdrawal limit and the amount is based on the level of verification.

 

1) 2 BTC daily limit (email verification is required)

2) 20 BTC limit (Identification verification is required)

3) For a higher limit, you need to contact Bibox customer support.

 

 

Customer Support

The website is served with 5 languages; English, Chinese, Russian, Korean and Vietnamese.

Clients can contact the team with a ticket support in the Support section. FAQ page is also available. You can contact the support team via Telegram and WeChat as well for prompt and professional answers.

 

Security

Bibox implements various security measures to protect users’ accounts with SSL encryption, Two-factor authentication, SMS authentication and funds password. The exchange claims to store most of the funds offline in cold storage safely.

The platform is also controlled and governed by an AI system.

Bibox review - Bibox exchange platform

Conclusion

Bibox provides a wide cryptocurrency to exchange in a number of markets and a decent trading platform. It has grown quickly in popularity with international traders. Bibox clients can place trades through a web-based interface, a desktop app, an Android and iOS mobile app. Bibox does not support any fiat currencies, however, it is a pretty good exchange with decent trading volume and low fees.

 

Pros

– Easy to use

– Low trading fees

– Desktop and mobile trading available

 

Cons

– No fiat currencies support

– Not regulated exchange

 

Binance Review 2019 – Is it Safe or not?

Binance review 2019

 

 

Binance review 2019

 

 

Overview

Binance is a popular cryptocurrency started in China. Since its launch in 2017, Binance quickly gained reputability in the blockchain community due to its impressive number of initial coin offering and low trading fees.

The platform offers two options for digital currency trading-basic and advanced. There are not much differences between the basic and the advanced views the exception of being able to do more detailed technical analysis in the Advanced view.

binance homepage

Currency Supported

Binance supports a wide variety of coins. Users can trade multiple digital currencies including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more.

The exchange is very quick to add new coins and tokens supporting numerous ICO token, which means users can purchase them cheaply.

 

Fee

Binance charges an average fee of 0.1% on each trade.

The exchange has issued Binance token, BNB, and the token can be used to pay any kind of fees incurred on the exchange. Clients who choose to pay via BNB can get a 50% discount on the trading fee.

binance trading fee

Deposit fees are free. Withdrawal fees vary depending on each cryptocurrency.

For more detailed information, please check the following link; https://www.binance.com/en/fee/schedule

 

Limit

There is no limit on the amount of deposits.

The amount of withdrawal each day is determined by the client’s verification level.

– Level 1: 2 BTC limit

– Level 2: 100 BTC limit (Two factor authentication is required.)

– For a higher limit, you need to contact the support team.

 

Customer Support

Binance provides a list of FAQs containing from depositing to preventing hackings. Support tickets are available on the website and the responses are made via email.

They do not support live chat and phone line support.

The website is served in numerous languages including English, French, Chinese, Italish, Korean etc.

binance exchange platform

Security

Binance has managed to attain a high level of trust from clients, however, the exchange does not provide enough information on how the funds are being secured. Binance suffered a hacking attempt in March 2018, and the hack was made possible by people entering the site logins and 2FA details into a fake website.

Two Factor Authentication(2FA) is available.

binance coin exchange

Conclusion

Binance is undoubtedly the leading cryptocurrency exchange with a variety of cryptocurrencies and high trading platform. The exchange has quickly become among beginners and advanced traders working on all forms of devices, web and Android. Since it has access to abundant resources, Binance will evolve and offer great cryptocurrency services to their clients.

 

Pros

– A wide range of cryptocurrencies supported

– Basic and Advanced exchange views

– High liquidity

– Offers BNB coin for reduced trading fees

 

Cons

– Suffered a hacking attempt in 2018

– Live chat and phone line supports are not available

Huobi Review 2019 – Fees, Cryptos & Safety

Huobi exchange official logo image

 

Huobi exchange official logo image

 

Overview

Huobi review - aboutHuobi, operated by Huobi Global Limited, was established in 2013. It is a cryptocurrency exchange with a large focus on cryptocurrency analysis and is centered on the Asian market with offices in Hong Kong and Korea in addition to its head Singapore office.

 

Currency Supported

Huobi has currently over 180 coins and 400 trading pairs. There are 3 major cryptocurrency markets for trading pairs (BTC, ETH and USDT) and 1 major fiat market (USD) for the US.

Huobi exchange Market platform Image

The only option for USD trading are BTC, ETH and USDT. USD currency withdrawal and deposit services did not become available until 2019 for US residents.

 

Countries Supported

Huobi offers its platform in over 130 countries and has offices in Singapore, Hong Kong, the US and Korea.

 

Payment Method

Clients can deposit funds into their account using a cryptocurrency transfer.

 

Fee

Huobi charge two types of fees; trade fee and overnight financing. The financing cost is dependent on the liquidity of the underlying asset.

– Trading fee: 0.05%

For more detailed information, please find the following link; https://primexbt.com/fees

 

Limit

Huobi has withdrawal limitations based on various levels of clients verification.

 

Customer Support

Huobi has a great support team providing 24/7 support. Clients can be reached them by email, phone, live chat, ticket or social media. The typical response time is two to three hours. The website has a full complement of FAQ and help sections as well.

 

SecurityHuobi exchange license image

Huobi takes cryptocurrency security to a high level and has invested a lot in security. The exchange offers Two-Factor Authentication(2FA), SMS authentication, email notification and PGP encryptions for emails. Over 98 percent of investor funds are stored in cold storage to defend against hacks. May 2018, Huobi has been the victim from hacking attempts, however, no clients’ funds were lost in the attempts.

 

Conclusion

Huobi used to be one of the leading cryptocurrency exchanges in China, but went through a lot of different phases. Huobi is working on complying with US regulations to enable US citizens to use the platform.

Their basic trading tools are easy to use and understand. The advanced trading tools will prove to be more useful as the cryptocurrency market expands. Huobi still has a better customer service than other cryptocurrency exchange and is struggling to strengthen their security measures.

 

Pros

– Easy to use

– High liquidity

– 24/7 customer support

– A wide range of coins and tokens

 

Cons

– Falses for trading volume