Is Bexplus a Good Crypto Exchange for Beginners?

Bexplus's Top Features for Beginners

Bexplus’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker Bexplus

Launched in late 2017, Bexplus claims to be a cryptocurrency exchange with offices in Singapore, Japan, the U.S., and Brazil. However, its registration in the offshore zone of Saint Vincent and the Grenadines and lack of regulation cast doubt on its legitimacy. There's also a concerning lack of contact details and legal information.
Bexplus has been accused of blocking client withdrawals, essentially preventing them from accessing their assets. Several traders have reported negative experiences, including frozen accounts.
In June 2022, the exchange, claiming to have a million clients, launched a promotion offering new clients bonuses of up to $5,000. Just weeks later, Bexplus abruptly stopped servicing clients indefinitely, citing unforeseen circumstances.
Bexplus poses a significant risk to its clients and should be avoided.

Bexplus's Fees

We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Bexplus commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Conclusion. Is Bexplus good for beginners?

The Bexplus cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Bexplus could be considered as a good cryptocurrency exchange for a start.