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Bibox

3 from 3 votes
Decentralized

Fees

Taker fee

0.1%

Maker fee

0%

Withdrawal fee

0.000154

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Bibox Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bibox consists of four parts: general information, fees, deposit methods and security.

General Information

Bibox is a so called “decentralized exchange”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.

Decentralized exchanges do not require a third party to store your funds. Rather, you are always directly in control of your coins. Furthermore, you conduct transactions directly with whoever wants to buy or sell your coins.

Decentralized exchanges normally does not require you to give out personal information either, which makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges are normally spread out which leads to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

Bibox Fees

Bibox Trading fees

The fees at any exchange are – as always – very important to consider. Bibox’s trading fees for takers are 0.10%. This fee is far below the industry average which is around 0.25%. This exchange’s low fee levels are accordingly a strong competitive advantage against the majority of other top crypto exchanges in the market and maybe even makes this exchange the best cryptocurrency exchange site for you.

Bibox Withdrawal fees

This trading platform charges a withdrawal fee amounting to the network fee. At the date of this review, the network fee for BTC is around 0.000266 BTC. This fee is below the industry average and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.

Deposit Methods

The exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at Bibox. If you are a new crypto investor and you wish to start trading at Bibox, you will have to purchase cryptos from another exchange first and then deposit them at Bibox.

Bibox Security

Bibox has a security score of F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

***

Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. Mercatox
  2. DDEX
  3. Ethermium
  4. Cryptobridge
  5. Counterparty DEX
  6. EtherDelta
  7. AirSwap.io
  8. Fcoin Exchange
  9. Switcheo Network
Bibox compared with other cryptocurrency exchanges