Bibox Review 2020
Bibox is an online cryptocurrency exchange that allows traders to buy and sell multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, DASH, Ripple, and many others via the provided trading platform.
Bibox Review 2020, Pros & Cons
- A sophisticated trading platform
- Multiple Cryptocurrencies
- A vast array of educational resources
- Not regulated
- Cryptocurrency trading only
- Cryptocurrency funding only
- No MetaTrader platforms
- No US clients
In this detailed Bibox review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bibox is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Bibox.
Bibox Review: Summary
Incorporated in the Republic of Estonia, Bibox is a platform that is dedicated to the transaction of digital assets. It is operated by a team of Chinese blockchain and cryptocurrency experts. They provide traders with their proprietary trading platform, along with a range of trading tools and educational resources.
Bibox Review: Regulation
Bibox is not regulated by any financial regulatory authority at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Bibox Review: Countries
People from different parts of the world can open a trading account with the Exchange, provided that doing so would not contradict any local law or regulation. They do not offer services to the following countries regions: China, Hong Kong, Taiwan, Cuba, Iran, North Korea, Crimea, Sudan Syria, Malaysia, The United States, Guam, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Kazakhstan.
Some Bibox features and products mentioned within this BitBay review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Bibox Review: Trading Platforms
Bibox provides traders with the feature-packed web trading platform that is accessible directly from the Bibox website. Traders have the choice to view a basic platform mode or a full-screen platform mode. The latter is somewhat more advanced and built for experienced traders who want to utilize the technical analysis tools provided. However, both versions of the platform offer the same features but use a different layout. The platform comes complete with a sophisticated chart where traders can use a number of technical indicators and charting tools to analyze the price of the underlying digital asset. Also, traders can place multiple order types such as market orders, limit orders, and set stop-losses.
There is also a mobile trading app version that offers the full functionality of the platform on mobile devices running on Android and iOS.
Bibox Review: Trading Tools
Bibox Exchange provides REST API and WebSocket API, which are convenient for some investors to view the markets and trade. They also have charts that are provided by TradingView.
Bibox Review: Education
Clients get access to a selection of educational materials, including News, Tutorials, Announcements, Newsletters, and the Help Center.
Bibox Review: Trading Instruments
Bibox Exchange allows traders to buy and sell multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, DASH, Ripple, and many others.
Bibox Review: Trading Accounts & Fees
The Exchange offers one live trading account, which allows them to use the trading platform to exchange multiple digital currencies.
As broker fees can vary and change, there may be additional fees that are not listed in this Bibox review. It is imperative to ensure that you check and understand all of the latest information before you open a Bibox broker account for online trading.
Bibox Review: Customer Service
The Exchange’s customer support team is available via Live Chat, email, and social media. The website is available in multiple languages, but the default language is Chinese.
Bibox Review: Deposit & Withdrawal
Account funding and withdrawals can be done using cryptocurrencies. Bibox does not support fiat currency. Users who do not have digital currency can purchase them through LinkCoin. Withdrawal can be done to another digital wallet or exchange. An address is needed for withdrawal.
Bibox Review: Account Opening
Opening a Bibox trading account is free and can be done by clicking on the ‘Open Free Account’ button and filling out the form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Bibox Review: Conclusion
Bibox is a platform that is dedicated to the transaction of digital assets. They provide traders with their proprietary trading platform, along with a range of trading tools and educational resources. However, Bibox is not regulated by any reputable regulatory authority at the moment. You may wish to view our best crypto brokers for regulated alternatives.
Digital assets trading is highly risky and therefore not suitable for the vast majority of people. You acknowledge and understand that investment in digital assets may result in partial or total loss of your investment and therefore you are advised to decide the amount of your investment based on your loss-bearing capacity. You acknowledge and understand that digital assets may generate derivative risks. Therefore, if you have any doubt, you are advised to seek assistance from a financial adviser first. Furthermore, aside from the above-mentioned risks, there may also be unpredictable risks. Therefore, you are advised to carefully consider and use clear judgment to assess your financial position and the above-mentioned risks before making any decisions on buying and selling digital assets; any and all losses arising therefrom will be borne by you and the exchange shall not be held liable in any manner whatsoever.