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Börsrecension
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why BCoin.sg has received the inactive flag.

BCoin.sg


Handelsavgift

BTC Uttagsavgift 0.0005 Taker Fee 0.20% Maker Fee 0.20%

Insättninsgmetoder

Yes Wire Transfer Yes Credit Card

UPDATE 9 June 2019: This exchange is currently down. When visiting the domain, you receive the message on the picture below. We will update you here as soon as we know more about the down time, whether it is for scheduled maintenance or something else.

UPDATE 19 November 2019: It is not possible to access this exchange’s website. We have accordingly marked it as dead.

Bcoin.sg Message

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BCoin.sg is an exchange from Singapore. There are numerous exchanges based in Singapore. 

The platform launched in April 2018. At the date of writing this review, 18 April 2019, the exchange has been under maintenance for some time. Accordingly, we have now liquidity numbers to present here. Once the exchange reopens we will present updated trading volume numbers here as soon as possible.

BCoin.sg does not list US-investors as prohibited from trading. However, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.

When we were to obtain a picture of the trading view at BCoin.sg, the page was down for maintenance. We will try to post a picture of the trading view here within the near future.

Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.20% of the order value.

0.20% is on point with, or even slightly below, the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.

BCoin.sg charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. BCoin.sg’s withdrawal fees are thus roughly 40% lower than industry average.

All in all, the fees at BCoin.sg are very competitive.

BCoin.sg accepts deposits through both wire transfer and credit cards. This is of course viewed as very positive by many crypto investors. However, one should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards. It might be indifferent to you whether you should deposit via wire transfer or credit card, but the fees can make the choice quite important.

Seeing as BCoin.sg accepts deposits of fiat currency, the exchange qualifies as a so called “entry-level exchange”, at which new cryptocurrency investors can take their first steps into the exciting cryptocurrency world.