The website was made public in the year 2017 and since then, Bibox is garnering all the limelight amidst the crypto domain. Owned and operated by a dedicated team of blockchain and crypto experts from China, Bibox’s team includes the founder of OKCoin, Huobi.com and much more.
Bibox review and information
Bibox is not regulated by any reputed regulatory authority in China. Moving forward to the offerings, Bibox provides a state of the art trading platform to buyers. The easy to use nature and ease-ability to understand website features makes Bibox innovative.
As a trader, you can either choose a basic platform view type or an advanced, full-screen platform mode. The former mode is meant for beginners and the later one is best suited for experienced traders. You can get access to complicated and insightful charts under the advanced mode. You can even explore the digital asset option and can further make use of charting tools.
Bibox doesn’t feature any support for fiat currencies. Following are the most popular tokens available on Bibox, Tether (USDT), DAI, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and much more. In short, Bibox offers crypto support through 50 different cryptos around the world.
Fees at Bibox
Talking about the fees associated with Bibox, if you purchase the website’s own token, that is the Bibox Token, then you can transact on some discount. For those who don’t hold Bibox Token are required to pay around 0.1% of their transaction to the portal. If you’re looking forward to depositing assets on Bibox, then you’re not required to pay anything. However, when the time comes for a withdrawal, you must pay 1% of the withdrawal amount. Also, the minimum withdrawal limit rests at $15 USD on Bibox.
Security at Bitbox
Talking about the fairness as well as the security of the platform, the exchange has implemented some of the latest and dedicated security protocols. The client information, funds as well as the accounts are thoroughly protected. Security protocols used by Bibox include SSL encryption technology, two-factor authentication, emailers, SMS messaging and more. Bibox stores a major chunk of user’s asset on cold storage wallets. Although they were never hacked, even if something happens, the funds will remain safe.
Also, if you ever encounter any problem, you can always raise the ticket and your grievances will be redressed. You can also reach the support centre through email. The support provided by Bibox is generous and quick as well. You can expect a competent as well as a dedicated response to your ticket.
The levels of security are being divided as per different tiers. You have to pass a couple of security checks and attain the dedicated tier before you can get access to a daily withdrawal limit of 2 BTC. In short, the stock profile with basic verification can get you going in no time and you can start transacting with the above-mentioned withdrawal limit.
Now, as soon as you clear higher tiers of verification and KYC standards of Bibox, you can attain a daily withdrawal limit of 20 BTC per day. If you wish to pass the highest level of account verification, you’re required to provide government issued ID card, address proof etc. Also, you’re required to provide a picture of yourself with your passport in one hand and a paper saying Bibox in the other hand.