About Bibox
Overview and History
The Bibox cryptocurrency exchange, which was launched in 2017, is almost a copy of Binance. Bibox developers have experienced industry representatives, including OkCoin co-founder and part of the Huobi team.
Jurisdiction and Subsidiaries
Bibox officially operates under the jurisdiction of Estonia. Also, Bibox Europe, a subsidiary of the exchange, is open in Switzerland. Bibox Europe is a financial company that provides digital asset liquidity to institutional investors.
BIX Token
By analogy with Binance, this exchange also has its own Bibox token (BIX), which was actively sold at the ICO in 2017. The platform’s internal BIX token is used to partially pay commissions, and you can buy it on the exchange immediately after registration. Bibox token is a good option for those investors who did not manage to take part in the Binance ICO. After all, now the price of Binance tokens has grown almost 100 times.
Trading and Security
The exchange interface is standard, very similar to Binance. To start trading, the user must go through the standard registration procedure. If you are going to withdraw from the exchange of more than 2 BTC per day, then you must also send documents for KYC. For safer trading, you can connect 2FA from Google to your personal account. Commissions on the exchange are low, 0.1% of the transaction, but using Bibox token you can make this value two times lower.
Key Features
- Of the available languages, only Chinese, Korean, English, and Russian are currently available. But a Google translator is integrated into the site, which can help traders get information in their native language;
- There is a referral program, according to which for each invitee you can get up to 50% of his commissions;
- The exchange automatically divides large transactions into smaller ones in order to conduct them faster and safer;
- The exchange is able to simultaneously serve about 10 million traders and conduct millions of transactions.
The Bibox exchange has every chance to rise above the 20th position in the rating if the developers continue to develop it at the current pace. Read more about this and other cryptocurrency exchanges on Neironix.io.