Good afternoon everyone. I earlier drop a post about Bibox. This post is to bring to our knowledge other things we may want to know about the exchange such as the platform,market,fee , support team,etc.
Exchange Platform
Bibox offers their traders an exceptional web-based trading platform that is accessible directly from the Bibox website. The exchanges platform is beautifully designed for the ease of use and understanding of all its features. Traders have the choice to view a basic platform mode or a full-screen platform mode. The latter is somewhat more advanced and built for experienced traders who want to utilize the technical analysis tools provided. However, both versions of the platform offer the same features and just use a different layout. Both platform versions come complete with a sophisticated chart where traders can use a number of technical indicators and charting tools to analyze the price of the underlying digital asset. Also, traders can place multiple order types such as market orders, limit orders, and set stop-losses.
The unique aspect that sets the Bibox exchange platform apart from other cryptocurrency exchanges is that they have incorporated AI modules and other smart tools to allow the best trade deals to go through with minimum human interaction. However, there is not much information released on how this AI enhanced technology works. Another unique technology implemented by Bibox is a state of the art distributed cluster architecture which ensures the stability of the platform. Also, the exchange platform is fully compatible with all mobile devices through the Bibox downloadable application.
Exchange Markets
Bibox is a cryptocurrency exchange and offers only cryptocurrency assets to be traded. No fiat currencies are supported on the Bibox exchange, traders will have to acquire their cryptocurrency from elsewhere before using the Bibox exchange. That being said, the markets in which cryptocurrencies can be traded are Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and dai (DAI). The dai cryptocurrency is a decentralized stable coin like Tether. The value is pegged to the US Dollar and the cryptocurrency assets available to exchange under this market are limited to:
Bitcoin
Ethereum
The Tether market is the next smallest with following coins:
Bitcoin
Ethereum
Litecoin
Eos
Neo
Quantum
Bibox Token
As for the Bitcoin and Ethereum markets, they have a much larger number of cryptocurrencies available to exchange. Bibox is constantly adding and dropping coins so the list does change. However, there is always around 50 cryptocurrencies or more available to trade against Bitcoin or Ethereum.
Fee
Traders who purchase Bibox’s very own Bibox Token can use it to pay discounted fees on the Bibox trading exchange. This provides an incentive for traders to buy and hold the Bibox Token. Traders who do not hold the token are subject to paying a minuscule 0.1% trading fee on all trades. There are no fees for depositing cryptocurrencies but withdrawing cryptocurrency from the exchange comes with a charge of 1% of the withdrawal amount with a minimum of $15 withdrawn. It’s not clearly stated how much of a discount you receive when paying these fees with the Bibox Token, but we know discounts are received.
Security and Fairness
The Bibox exchange implements the latest and greatest security protocols to protect their client’s personal information, accounts, and funds. Such security protocols include SSL encryption technology, two-factor authentication methods through email, SMS messaging, and Googles Two-Factor-Authenticator. Also, the exchange claims to store the majority of user funds offline in cold storage wallets. Therefore, in the event of a hack, the majority of user’s funds should be safe.
Support
Bibox’s support team can be reached via email or a support ticket system. According to Bibox users, the support offered by the exchange is exceptionally good and representatives answer in a prompt and professional manner. This makes sense as the team behind Bibox is highly competent and responsive to many of the support requests themselves. Additional methods of support include the websites FAQ page which is quite limited, but some answers can be found there. Also, Bibox has a healthy presence on their social media channels.
Join us via the link
www.bibox.com
