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Fiat currencies
111
Cryptocurrencies
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Product Name | Bibox Cryptocurrency Exchange |
---|---|
Fiat Currencies | EUR, GBP |
Cryptocurrencies | BTC, ETH, XRP, BTC, ETC, EOS, OMG, BAT, BTO, DASH & 95+ more |
Deposit Methods |
Cryptocurrency |
Trading Fee |
Taker: 0.10%
Maker: 0.08% |
Deposit Fees | None |
Withdrawal Fees | Fees vary |
Founded in 2017, Bibox is an online crypto exchange where users can trade a wide range of digital currencies against BTC, ETH, USDT, DAI and BIX. BIX is Bibox’s native token, which allows holders to access discounted trading fees.
Bibox users can place trades through a web-based interface or through a desktop app as well as through an Android and iOS mobile app. The platform also offers its CunBi Bao financial product, which allows users to lock up specific digital assets (such as bitcoin or BIX tokens) for a fixed period to earn interest.
Bibox users can buy and sell more than 110 coins and tokens, including the following:
Visit the Bibox website for a full list of the currencies you’re able to trade.
Bibox offers its platform to users in a long list of countries around the world, including Australia. If you’re unsure whether you’ll be able to access the exchange from your country of residence, contact Bibox for clarification.
You can only deposit funds into your account via a cryptocurrency transfer. Fiat currency deposits are not accepted.
It’s free to deposit funds into your Bibox account.
When you place a trade, a 0.1% trading fee applies as standard. However, if you pay with BIX when trading any token, you’ll receive a 50% discount on this fee.
You’ll also need to be aware of the withdrawal fee that applies when transferring funds out of your account. This varies depending on the currency used, but the withdrawal fees for some popular coins and tokens are shown in the table below:
Currency | Withdrawal fee |
---|---|
Bitcoin (BTC) | 0.0006 BTC |
Bitcoin Cash (BCH) | 0.008 BCH |
Ether (ETH) | 0.008 ETH |
Ethereum Classic (ETC) | 0.008 ETC |
Litecoin (LTC) | 0.006 LTC |
The time it will take for your funds to become available varies depending on the amount of network confirmations required to complete a transaction for the currency you’re using as well as the level of network congestion at the time.
The amount you can withdraw from your account is based on the level of verification you have achieved. Once you’ve signed up for an account by providing and verifying your email address, you can access a daily withdrawal limit of 2 BTC.
To increase this limit to 20 BTC, you’ll need to provide your name, country of residence, copies of the cover page and biographical page of your passport, and a headshot of you holding your passport and a reference to Bibox and today’s date.
If you want an even higher withdrawal limit, you’ll need to contact Bibox customer support.
You can sign up for a Bibox account and start trading without needing to provide any personal information, which is an important feature for those who value their privacy. However, if you want to access a higher daily withdrawal limit than 2 BTC, you’ll need to provide additional personal details.
In terms of platform security, Bibox supports 2-factor authentication, allowing you to add an extra layer of protection through Google Authenticator or SMS authentication. You can also set up a funds password which you must enter whenever you want to make a withdrawal request.
If you need assistance with a transaction or help with your account, you can submit a support request via Zendesk. English- and Chinese-language support is also available via Telegram, or you can get in touch with the team through WeChat.
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