If you're looking for a place to swap digital assets, BiKi is a relatively new crypto exchange that has a variety of crypto assets to trade. In this BiKi review, we will assess the platforms features, user interface, crypto pairs, deposit methods, trading fees and more.
What Is BiKi?
BiKi is a global cryptocurrency exchange that provides a digital asset trading for more than 150 cryptocurrencies and 250 trading pairs. The centralized exchange was founded in 2018 and is headquartered in Singapore. In under a year, BiKi.com has become one of the fastest growing exchanges in the world since its official opening in terms of daily traded volume according to Coinmarketcap.
BiKi exchange claims to have accumulated 1.5 million registered users, 130,000 daily active users, over 2,000 community partners, and 200,000 community members and appears to be a legit crypto exchange to date.
Advanced features, intuitive user interface and a mobile trading app are important features on BiKi. This comparison table lists other top rated crypto exchanges that offer world-class features.
4.8 / 5
Get 10% off trading fees
4.7 / 5
USD $10 trading bonus
0.025% / 0.075%
4.7 / 5
$50 for first time deposit >0.2BTC
0.025% / 0.075%
4.6 / 5
5% off trading fees
You Might Also Be Interested In:
- Best Fiat To Crypto Exchanges In The World
- Why Do I Keep Losing Money On Bitmex? Avoid These 5 Mistakes
- 8 Best Zero-Fee Crypto Exchanges (Commission-Free Trading)
- Best Crypto Leverage Trading Exchanges Compared
- 4 Best Crypto Charting Sites For Altcoin Traders
BIKI is the token issued by the BikiCoin trading platform and is the representative of the exchange's rights and interests. The issuance and destruction of BIKI is based on the principle of “trading is mining, repurchase and destruction, price limit”.
The initial total amount of BIKI is 1 billion, and the total amount will be reduced to 100 million with the platform's continuous repurchase and destruction. BiKi has pledged to use 100% of its platform fees to repurchase and burn the token until it decreases to a supply of 100 million.
Is BiKi Legit / Safe?
BiKi is a fairly new exchange that has rapidly grown and has over 1.5 million registered users and 130,000 daily active users worldwide. Based on this, BiKi appears to be a legit and safe crypto trading exchange.
The technical and operations team are well resourced and experienced to ensure the platform is committed to creating the safest, most stable and efficient digital currency trading platform for users around the world.
BiKi has introduced a risk guarantee fund, which receives 20% of the monthly revenue from the trading platform. This is to ensure the safety of users’ assets if any compromise or hack were to occur.
The platform has also been financially backed by the co-founder of Huobi Jun Du, Huobi Co-Founder and current CEO of Node Capital and Jinse. Both individuals are well-known in the crypto space and a very positive sign to the legitimacy of BiKi exchange.
BiKi Exchange Trading
For all traders alike, the trading interface is one of the most important considerations when selecting a crypto exchange. Especially for traders that rely on technical analysis to find an edge in the market. When selecting a cryptocurrency exchange, you must be comfortable with the charting package as this is where you will identify and manage trades.
When you first login to BiKi Exchange crypto platform, the first thing you will notice is the charts are provided by TradingView. TradingView is well known for their smooth, intuitive and clean charts. It allows traders to use advanced trading tools and indicators to refine their trading edge in maximize profits and minimize risk.
Below is an image of the BiKi trading exchange and TradingView charts.
BiKi Crypto Trading Assets
BiKi Exchange offers more than 150 cryptocurrencies and 250 pairs that can be traded by its users using a secure, stable and reliable platform. Each digital coin can be traded against the following pairs:
The exchange is regularly adding new coin offerings that could provide a competitive edge in the market for experienced crypto traders. The full list of trading pairs can be viewed on the Biki website.
BiKi Exchange offers up to 3x leverage against the USDT pair which include:
Leverage trading on BiKi is not as expansive compared to its main competitors and offers 3x only. Traders will still be able to open larger positions than normal to take advantage of comparatively small price movements to make your balance grow faster.
Exchange fees are an important consideration when selecting a cryptocurrency trading exchange. It becomes even more critical when trading larger position sizes and on a leveraged exchange where you are paying fees on positions that are much larger than your margin.
BiKi only accepts cryptocurrency deposits (BTC and USDT) and does not charge a deposit fee.
BiKi withdrawals incur a network fee of ₿0.005 per Bitcoin withdrawal request. This is higher than the industry standard compared to other similar cryptocurrency exchanges and should be factored in when deciding whether to sign up with Biki.
BiKi platform uses a flat fee of 0.15% which is the same for each cryptocurrency coin. This is quite competitive in the market and below the industry standard for similar cryptocurrency trading exchanges.
ByBit is a derivatives cryptocurrency trading platform with an emphasis on leverage trading with up to 100x leverage on Bitcoin and Etherium trading pairs. Bybit has become one of the best crypto exchanges in the world.
Plus500 is a CFD providers that offers its massive customer base to trade the world's most popular crypto assets with up to 30x leverage such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, Tron and Monero.
Disclaimer: your capital is at risk
Binance is the largest cryptocurrency exchange by trade volume and one of the fastest trading services providers for blockchain ecosystem. The exchange has seen an astronomical growth and is a premium crypto trading platform.
Frequently Asked Questions
Are US Traders Allowed To Use BiKi?
US customers are not allowed to trade cryptocurrency on BiKi exchange due to strict regulations. This is outside of the control of the crypto exchange. US traders will need to find a reputable crypto trading exchange in the United States such as Coinbase, Gemini and eToro.
Does BiKi Require KYC?
BiKi does not require KYC to register an account, trade, deposit or withdraw funds. Users can begin trading cryptocurrencies immediately once funds have been deposited to the platform.
Does Hotbit Have A Demo Account?
BiKi does not offer a testnet or a demo account for crypto trading without a deposit. Users need to deposit funds into the exchange to trade cryptocurrency.
Is There An Affiliate Program?
BiKi does not have an affiliate program to offer referral bonuses as a reward for bringing in new users to the platform. The website states an affiliate program will be coming soon.
To conclude our BiKi review, we can say that for anyone looking to use a centralized crypto exchange, Biki is a good option to consider. The exchange supports a massive list of trading pairs and gives its users an edge when it comes to new token offerings.
BiKi exchange offers an intuitive platform and organised trading interface that is well designed for desktop and mobile app for crypto traders.
Risk management tools and platform features are very important for any prospective cryptocurrency investor. The following cryptocurrency trading exchanges - in addition to the above exchange - provide advanced trading features, technical indicators and a smooth, mobile-responsive charting interface that will be suited to beginners and professional crypto traders.
- No KYC to start trading
- Over 250 crypto pairs to trade
- Over 1.5 million users
- Advanced charting features & tools
- Mobile trading app
- No referral or affiliate program
- US customers not allowed
- Leverage up to 3x only