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 BigONE consists of four parts: general information, fees, deposit methods and security.
It is unclear which country this exchange is from. We have not been able to find out who is the owner of this exchange either. This is not a red flag per se, but we recommend all visitors to be careful and form their own opinion on whether this exchange is a legitimate exchange our not.
BigONE Trading fees
The fees at any exchange are very important to consider. It should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
This specific trading venue offers a flat trading fee of 0.10%. This exchange does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. These trading fees are far below the industry average which is around 0.25% and thus constitutes 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.
BigONE Withdrawal fees
BigONE charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is in line with industry average.
BigONE does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at BigONE. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.
BigONE has a security score of D-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges: