A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Biki consists of four parts: general info, fees, deposit methods and security.
Since its official opening in August 2018, BiKi.com has been one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 200,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totalling approximately 10 million USD.
BiKi also helps projects create influence and brand awareness in the Chinese market. Secondly, BiKi helps projects with community growth and managements via engaging Chinese influencers with millions of followers who are active crypto traders, to serve as project’s local community ambassador to grow community. BiKi is also assisting in penetration of international projects to the Chinese market, and then to international markets. As well for Chinese projects to penetrate the international markets, breaking down the barriers to entry for projects.
Biki currently has a very large number of supported cryptos – 281. This places it among the top 20 exchanges in the world when it comes to supported cryptos.
As a few of its main advantages, BiKi mentions on its website that it employs global-standard security and has an international expert team. They also emphasize that their trading platform will give you the ultimate trading experience (with high liquidity and optimal customer service).
Most people do their trading on desktop. However, there are also a fair share of people out there that prefer to do their cryptocurrency investments via mobile. If you’re one of those people, you’ll be happy to know that BiKi is also available as a mobile application. You can download it from both the AppStore and Google Play.
BiKi does not allow US-investors on its exchange. But if you’re from the US and you’re looking for an exchange that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate trading platform accepting US-investors.
BiKi 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 crypto 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 see that it feels right to you. The below is a picture of the quite basic trading view at BiKi:
BiKi Trading fees
Here, they don’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. This means that both takers and makers in a deal pay the same level of fees. For this exchange, that level is 0.15%. 0.15 % in trading fees is below the industry average (arguably around 0.25%) and thus a competitive advantage for this platform.
BiKi Withdrawal fees
Biki charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is quite in line with industry average, although slightly below actually. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0006. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
In any event, 0.0005 BTC is a nice withdrawal fee.
This exchange does not accept any other deposit method than cryptos, so new crypto investors are restricted from trading here. 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 – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.