BKEX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 1,200 cryptocurrencies, fiat trading (US dollar), staking and mining with flexible conditions
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 1,200 cryptocurrencies, fiat trading (US dollar), staking and mining with flexible conditions
Our Evaluation of BKEX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BKEX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.03 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BKEX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BKEX ranks 145 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
In terms of trading volumes, BKEX is ranked among the top exchanges in the world. This is a large crypto exchange that has been successfully growing over the past 4 years, offering traders truly favorable trading conditions. The exchange offers access to many assets, low and transparent fees, and many passive income options. The fact that the company is not regulated, however, could become a serious limitation for some traders.
Brief Look at BKEX
BKEX is a cryptocurrency exchange that offers spot trading with up to x100 leverage and over 1200 assets in the pool. Crypto-crypto and crypto-fiat exchange is available (US dollar is the only available fiat). The trading terminal of the exchange is based on TradingView in a browser; there is a free mobile application with functionality that is completely similar to the main platform. BKEX has some of the most transparent fees, with only fixed taker/maker fees and withdrawal fees. The exchange has a two-tier referral program that offers up to 30% of referral commissions. The main advantage of BKEX is a smart pool with flexible mining and staking. The exchange implements many programs with the ability to customize the investment mechanism according to specific parameters.
- 1,200 cryptocurrencies for trading, with the optionto buy/sell any asset for US dollars;
- there is a quick purchase with payment by a debit/credit card; all major deposit options are available;
- the platform supports funding in US dollars, euros, British pounds, yen, won and other currencies;
- traders can trade with leverage up to x100, regardless of the chosen asset and trading volume;
- fixed taker/maker fee does not depend on the activity of the trader, the indicator is average for the market;
- easy-to-learn trading platform, several types of charts, all major indicators;
- many investment programs, including staking and mining with flexible conditions.
- although funds can be deposited in multiple fiat currencies, only the US dollar is available for trading;
- the ticket system on the website is the only way to contact customer support; the exchange does not have a call center or email for communication;
- the company is not regulated, although it is officially registered in the British Virgin Islands.
TU Expert Advice
Financial expert and analyst at Traders Union
BKEX was established in 2018. The cryptocurrency exchange is registered in the British Virgin Islands; it has an official license for financial activities. However, the exchange operates independently andis not controlled by any international regulator.
The pool of opportunities that BKEX offers to traders is focused on active and passive earnings. Trading is represented by the purchase and sale of cryptocurrencies, in total more than 1200 assets. It is possible to exchange crypto-crypto and crypto-fiat, with fiat currencies at the moment represented only by the US dollar. At the same time, you can deposit funds to your account not only in USD, but also in Japanese yen, South Korean won, British pound and other currencies. Cryptocurrency deposits from other exchanges and electronic wallets are available.
The exchange does not charge a deposit fee. Trading fees are fixed, which can be regarded as an advantage or a feature of the platform. The value of trading fees (0.15% taker, 0.20% maker) is considered average for the market. Withdrawal fees are fixed and rather low (for example, 0.0008 BTC for Bitcoin, while the minimum withdrawal amount is 0.01 BTC).
Many traders point to the BKEX smart pool as a particular advantage. The pool is a functional block that collects current staking and mining programs with the possibility to filter and select the most advantageous solutions with given conditions. There are different deposits, terms and interest rates. Most programs are flexible - the funds can be withdrawn from the deposit without loss at any time. In general, such conditions can be considered favorable, and the exchange can be recommended for cooperation to traders and investors with different levels of expertise.
BKEX Summary
| 💻 Trading platform: | In browser – TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, any crypto currencies |
| 💵 Replenishment / Withdrawal: | Debit/credit cards, e-wallets |
| 🚀 Minimum deposit: | Flexible (depends on asset). From $1 |
| ⚖️ Leverage: | up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | market |
| 💱 Commission: | Cryptocurrencies, fiats |
| 🔧 Instruments: | Available |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Available |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | 1,200 cryptocurrencies, fiat trading (US dollar), staking and mining with flexible conditions |
| 🎁 Contests and bonuses: | Available |
Due to high liquidity, BKEX has rather low fees, and can therefore compete with leading peers. In general, its trading conditions can be described as average market conditions; they are indicated in the table below.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $2.5 | present |
To understand how advantageous BKEX fees are, you need to compare them with those of competing platforms. The results of the comparison with the top exchanges are shown in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$2.5 | |
|
$20 | |
|
$0.1 |
Investment Options
The crypto exchange offers many investment programs, but they are all divided into two types - staking and mining. Both types of programs are available in the cloud, that is, the user does not need to have technical capabilities to mine cryptocurrency. You can mine almost any available token. The exchange offers many programs that differ in three things - the minimum deposit, the interest rate and the duration of the program. Most programs are flexible, that is, deposit funds can be deposited and withdrawn at any time without penalties, and the program itself can be put on hold if necessary.
Staking as an investment mechanism
Staking has become widely popular and now almost covers the demand for mining. The reason is that staking allows you to mine a new cryptocurrency at the expense of an existing one. Also, staking on cryptocurrency exchanges provides an opportunity for an investor to earn money on cryptocurrency startups. In both cases, the investor essentially provides his fundsfor mining cryptocurrency or the development of a new project). In return, he receives a fixed percentage of the deposit.
An important advantage of the BKEX smart pool is that an investor can choose any number of programs by filtering them according to various parameters. Almost all programs are flexible in terms of conditions. This means that the percentage of income is accrued daily, and funds can be withdrawn at any time. It is also always possible to increase the deposit, thereby increasing profits. There is one thing here to consider, though. The higher the interest rate, the higher the risk of losing funds. Even the most promising startup can fail, in which case no one will return the investors their funds.
Staking programs:
asset - USDT, APY - 16.35%, duration - any;
asset - BNB, estimated profit for 7 days - 5.7% per annum, duration - any;
asset - LTC, estimated profit for 7 days - 14.81% per annum, duration - any.
BKEX is one of few cryptocurrency exchanges that allows you to earn on staking ETH 2.0. This coin was launched quite recently and its production is just reaching its peak. The interest rate under this program is 3.92% per annum. The completion period of the program is not set, it is unlimited, investors can withdraw funds any time.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BKEX’s affiliate program
A trader can invite a new user to the exchange through a personal referral link. When the invited user starts trading, the trader who invited him will get 20% of his trading fees.If this user attracts another user to the exchange, the first trader will getan additional 10% of his trading fees.
BKEX has a referral program for businesses. You can get the same 20% and 10% from trading fees, plus 12.5% and 6.25% from mining. If you formalize an official partnership with the exchange, the commissions will become more advantageous.
User Satisfaction