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.
BigONE is an exchange registered in Singapore, but that operates from China.
This platform has a very long list of supported cryptos which can be helpful if you’re looking for something more exotic than Bitcoin or Ethereum.
This exchange is not open to people from the US. If you are a resident or citizen of the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an exchange accepting investors like you.
If you’re interested in a trading platform that is also available through mobile, then BigONE won’t let you down. They have an application that you can download, both for iPhones or Android-phones.
This platform also has an OTC-desk where you can purchase crypto from other users. You then respond to their advertisements to sell or buy crypto. Payment is possible via Alipay or WeChat Pay.
BigONE Trading View
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. The below is a picture of the trading view at BigONE:
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 below the industry average which is arguably around 0.25%.
BigONE Withdrawal fees
BigONE charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. According to our industry studies, this is quite in line with industry average. The industry average BTC-withdrawal fee is around 0.0008 BTC per BTC-withdrawal.
At this exchange, they do not accept any deposits of fiat currency to the actual exchange. However, to the OTC-function, you can purchase crypto from other people advertising sales. The available purchase methods in the OTC-function are Alipay or WeChat Pay.
If you prefer to deposit fiat currency and you don’t want to use an OTC-function or any of the available deposit methods mentioned above, you need another exchange. You can find one by using our Exchange Finder.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. BigONE received a score of B+ in this test. This is a very good score, and actually better than 90% of all other exchanges in our Exchange List.
Finally, the exchange reviewed above has a large number of supported cryptos. If a large number of supported cryptos is an important factor for you in your choice of exchange, you could also check out the following exchanges: