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 Biki consists of four parts: general information, fees, deposit methods and security.
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange often ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more 280 cryptocurrencies. According to information to us here at cryptowisser.com, since the platform’s official opening in August 2018, BiKi.com is one of the fastest-growing cryptocurrency exchanges in the world. On the date of last updating this review (5 September 2019), BiKi had an accumulated 1.5 million registered users, 130,000 daily active users, over 2000 community partners and 200,000 community members in under a year. BiKi.com has received investments from Du Jun personal, Genesis Capital Zhu Huaiyang, FBG Capital, ChainUP, totaling up to 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 tens of thousands to 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 cryptocurrencies — 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 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 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 Biki.
Biki Withdrawal fees
Biki previously charged 0.001 BTC as withdrawal fees when doing a BTC-withdrawal. This fee was changed in June 2019 to 0.005 BTC. 0.005 BTC is a very high withdrawal fee for BTC-withdrawals. It is actually more than six times higher than the global industry average, being 0.000812 BTC per BTC-withdrawal. It is also the highest fixed withdrawal fee out of all the exchanges listed in our Cryptocurrency Exchange List. Needless to say, the withdrawal fee at this trading platform is not a competitive advantage.
This exchange does not accept any other deposit method than cryptocurrencies, 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.
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. Biki received an F- score in this test. This should however be viewed in light of the fact that F is the Mozilla Observatory-score received by the majority of all exchanges in our Cryptocurrency Exchange List.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: