BankCEX Review 2026
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- $1
- Mobile application
- Web-Plattform
- One cannot trade Monero (XMR), and staking is unavailable
Our Evaluation of BankCEX
Learn more about TU’s methodology
BankCEX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.36 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BankCEX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
BankCEX is an exchange that is constantly expanding the range of its financial instruments and allows users to start trading with any amount of money. But at the same time, the absence of fiat currencies in the list can be a problem for some traders and especially for those who are used to depositing funds to their e-wallets directly from their bank cards.
How we tested BankCEX
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at BankCEX
The BankCEX exchange has been in business since 2017. It presently doesn’t support fiat currencies and only offers cryptocurrencies for trading. New coins are listed regularly, so over 200 cryptocurrency pairs are available to its clients. BankCEX’s daily trading volume exceeds $75 million. On May 5, 2021, the exchange presented its native token, the BankCoin (BANK). The total BANK reserve is 210 million coins. BankCEX’s trading platforms are proprietary. They support two interface types: basic with standard functions and advanced with professional technical analysis tools.
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- The trading fees are moderate and comparable to those charged by its competitors;
- There are no requirements regarding the minimum deposit;
- Clients can choose a trading platform that meets their requests;
- New coins and tokens are listed regularly;
- The referral program offers a high percentage reward;
- Traders can apply limit orders, including stop loss;
- BankCoin holders have additional advantages.
- Fiat currencies are not supported;
- The trading platforms sometimes hang;
- Leveraged trading is not available.
TU Expert Verdict
Chief Analytics Officer
BankCEX offers trading in over 200 cryptocurrency pairs through proprietary web and mobile platforms, with both basic and advanced interfaces supporting limit and stop-limit orders, as well as two-factor authentication. Clients benefit from moderate trading fees starting at 0.1%, no minimum deposit requirement apart from the minimum order size, and a growing selection of listed coins including its own utility token, BANK, which can reduce trading costs. The exchange supports P2P transactions, provides a referral program for passive income, and ensures security with cold wallet storage and mandatory KYC verification.
However, a notable drawback is that BankCEX is not regulated by any government authority, resulting in lower oversight and potentially weaker client protection compared to regulated competitors. Other disadvantages include the absence of fiat funding or withdrawals, limited deposit and withdrawal methods, unavailable leveraged trading, and an asset offering that remains modest compared to major exchanges. BankCEX may therefore be more suitable for crypto-focused traders who prioritize low costs and cryptocurrency funding, rather than those seeking advanced investor protections or fiat onramps.
BankCEX Summary
| 💻 Trading platform: | Basic and advanced web platforms, as well as mobile apps for Android and iOs. |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, LTC, BANK, and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Most cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | 0.0001 BTC/BANK/USDT and 0.001 ETH |
| 💱 Commission: | Spot: 0.1%-0.1% |
| 🔧 Instruments: | 68 supported coins, Perpetual contracts. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit, stop-limit, and market |
| ⭐ Trading features: | One cannot trade Monero (XMR), and staking is unavailable |
| 🎁 Contests and bonuses: | No |
BankCEX doesn’t take fiat currencies or offer trading pairs with them. The amount of the initial deposit is determined by the trader himself based on the minimum order for the selected cryptocurrency and the fee for transactions with it.
BankCEX Key Parameters Evaluation
Regulation and Safety
With a 5.25/10 score, BankCEX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- Cold wallet storage
- 2FA
- Not government-regulated
- No facial recognition
BankCEX Security Factors
We also compared BankCEX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BankCEX | Kraken | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is BankCEX a regulated crypto exchange?
BankCEX is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BankCEX is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BankCEX?
Yes, KYC verification is mandatory at BankCEX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is BankCEX available in the USA?
BankCEX is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, OKX, BTCC .
BankCEX commissions and fees
BankCEX has earned a rating of 8.45/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as BankCEX is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are BankCEX trading fees?
We analyzed BankCEX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BankCEX trading fees vs competitors
| BankCEX | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0 | 0 | 0.053 |
What are BankCEX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0004 BTC 0.0035 ETH 8 USDT (ERC20) 0.8 USDT (TRC20) |
Does BankCEX offer P2P trading?
Yes, BankCEX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.BankCEX P2P Fees
Deposit and Withdrawal
BankCEX received a 3.5/10 rating for its deposit and withdrawal services. BankCEX offers limited funding options and may charge fees, which could be inconvenient for many users.
- P2P for flexible transfers
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No PayPal option
- Bank transfers not available
Deposit and withdrawal options
BankCEX supports the following deposit and withdrawal options: Crypto.
BankCEX Deposit and withdrawal options vs competitors
| BankCEX | Kraken | OKX | |
| Bank transfers | No | Yes | No |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is BankCEX minimum deposit?
The minimum deposit at BankCEX is 10 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BankCEX minimum deposit vs competitors
| BankCEX | Kraken | OKX | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 5 |
| Minimum trade amount, USD/USDT | 1 | 1 | 1 |
Does BankCEX support fiat money?
BankCEX does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
BankCEX received a score of 4/10 in this category, indicating a modest offering of assets and markets. While BankCEX covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Staking available
- Copy trading not available
- Fiat currencies not supported
BankCEX supported coins and markets vs competitors
We compared BankCEX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BankCEX | Kraken | OKX | |
| Supported coins | 68 | 278 | 329 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | Yes |
| NFTs | No | Yes | Yes |
BankCEX passive income options vs competitors
We also compared BankCEX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Singapore |
| Official site | https://bankcex.com/ |
| Contacts |
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