Bibox Review 2024

I will not extol the Bibox exchange. Yes, undoubtedly, this cryptocurrency exchange has a high rating, and there are quite low commissions for trading operations. There are many pluses and minuses. It should be especially noted that the trading volumes do not correspond to the actual ones. The volumes for the main cryptocurrency pairs are normal here. But there are more than 500 such pairs now. And for many assets, the trading volumes are wound up by robots. Thus, quantity does not translate into quality, and problems are created for customers. Bibox should change its policy on illiquid coins.

I don't trust cryptocurrency exchanges. Lately, hacks and thefts of cryptocurrency from the accounts of clients of different exchanges have happened very often. But the Bibox is holding on so far, and their defenses are successfully coping with attacks. We can say that it is safe to store cryptocurrency here. The exchange itself, in my opinion, treats clients fairly. The support service works professionally, and communication takes place through email and through instant messengers. The platform for exchanging and trading instruments is modern, and there is both a web version and a mobile one. The conditions for traders are quite good, so after a year of trading, I am not going to change the Bibox exchange to another one yet.

In the field of cryptocurrency, I prefer to work with Asian crypto exchanges, including the Bibox exchange. Compared with its peers, this exchange is younger but quite promising. Not so long ago there were about 90 tokens for exchange and trade, now their number has increased to 180. Any user can apply for listing their token for free, and users who own internal BIX tokens vote for each proposed new token, and this is a good opportunity to launch a new token. New tokens appear on the Bibox exchange all the time, but you need to be very careful when buying such tokens. At the time of their appearance in the listing, their price can go up strongly, and then it can go down dramatically as well.

As long as you are losing money or making little money, Bibox will accurately execute the transactions. But as soon as you start earning normally, miracles begin. I do not recommend this company.

Bibox is a secure cryptocurrency exchange. Before opening a Bibox account, I studied the history of the company. While working here, there has been no hacking of client accounts, even though the rating of the exchange is high. That is to say, Bibox attaches great importance to safety, and it pleases me. As for cooperation with the exchange, many chips help clients earn both actively and passively. I prefer passive income. The exchange offers clients the opportunity to invest in short-term and medium-term investment programs. A lot of clients participate in the investment program for new members, where the expected return is 24%. I prefer more conservative investment methods and invest in Star I. The investment is made for 30 days with a yield of 8.5%.

Two years ago I came to the Bibox exchange. Previously, I traded on another exchange, but due to its many problems, I had to leave. On this exchange, a good plus is the ability to trade with leverage, and this greatly simplifies trading and makes it more profitable. I work mainly with Bitcoin pairs, and all inputs and outputs are also carried out through a Bitcoin wallet. I don’t climb into illiquid crypto pairs because previously I suffered significant losses on such trades. I have never seen a scam involving the Bibox exchange. This is a very important point.

The Bibox exchange can be called quite advanced and good conditions have been created for trading here. The transaction fee is 0.1%, and the commission can be reduced by almost half by burning the purchased internal BIX tokens, so the benefits are undeniable. Another important advantage is the leverage; for different crypto pairs, different leverage may be offered. Conclusion: The Bibox exchange with its advantages and disadvantages can be a good platform for working with cryptocurrency.