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Tuesday, June 25, 2024

BigONE Exchange Review: BigONE Is Legit & Secure Exchange

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About BigONE Exchange

BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameBigONE Exchange
Exchange TypeCryptocurrency
Withdraw Fee 0.0005 BTC
Support24/7
LangugaeEnglish
Taker Fee0.20%
Maker Fee0.20%
WebsiteHomepage

How To Sign Up & Start Trading

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You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

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You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

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Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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Trading Fees BigONE Exchange

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

BigONE charges what we call flat fees, meaning that both the takers and the makers – who are new members at BigONE – pay the same fee: 0.20%. These trading fees are quite in line with the global industry averages for centralized exchanges. Sure, industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.

For contract trading, BigONE divides between takers and makers. Takers pay 0.06%, and makers receive a discount to their trading fees and only have to pay 0.02%. These fees are also in line with industry averages, maybe even somewhat lower than industry average.

BigONE also offers trading fee discounts to some of its members, depending upon which membership level you have achieved. There are five levels: Bronze (you start at this level), Silver, Platinum, Diamond and Challenger. The higher the level, the lower is your trading fee. You reach a higher level by earning “Privilege Points”, and you earn Privilege Points by having a high trading volume, inviting friends to the exchange etc. Here are the membership levels and their respective trading fee levels:

BigONE Withdrawal fees

BigONE’s withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. 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.

Deposit Methods

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.

BigONE Exchange Features

Trading

Bitcoin, Ethereum, Litecoin, and other cryptocurrencies are supported for trade on BigONE Exchange. The platform also provides a selection of trading pairs that let users exchange one cryptocurrency for another.

Security

BigONE Exchange takes security extremely seriously. To secure user cash and data, a number of safeguards have been put in place. Two-factor authentication (2FA), cold storage for customer funds, and recurring security audits are some of these safeguards.

User-friendly interface

The platform has been created with a user-friendly, intuitive, and simple to use interface in mind. As a result, it is simpler for new customers to begin trading on the site.

Low fees

BigONE Exchange offers some of the most affordable fees in the market, which attracts traders looking to cut costs.

Margin Trading

Users of BigONE can trade on margin with up to 5x leverage on a selection of cryptocurrencies.

OTC Trading

BigONE provides over-the-counter (OTC) trading so that customers can purchase or sell a lot of cryptocurrencies without having the price affect the market.

API support

BigONE Exchange offers developers that wish to integrate their trading bots or other tools with the platform API assistance.

Referral Program

BigONE has a referral programme that allows users to profit from the trading commissions of those they suggest.

BigONE Conclusion

BigONE is a cryptocurrency exchange that gives its users access to a number of features, such as trading in different cryptocurrencies, affordable fees, margin trading, OTC trading, API support, and a referral programme. The platform has been created with a user-friendly interface that is simple to use. BigONE also takes security very seriously and has taken several steps to safeguard user payments and data.

BigONE Exchange is an excellent platform for people wishing to exchange cryptocurrency because it is dependable and trustworthy overall. But as with any cryptocurrency exchange, it’s crucial to conduct your own research and trade with prudence.

BigONE FAQ

Is BigONE Exchange secure?

Yes, BigONE Exchange takes security very seriously and has implemented a number of measures to protect user funds and data, including two-factor authentication (2FA), cold storage for user funds, and regular security audits.

What cryptocurrencies can be traded on BigONE Exchange?

BigONE Exchange supports trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.

What are the fees for trading on BigONE Exchange?

BigONE Exchange charges some of the lowest fees in the industry, making it an attractive option for traders who want to minimize their costs.

Does BigONE Exchange offer margin trading?

Yes, BigONE Exchange allows users to trade on margin with up to 5x leverage on certain cryptocurrencies.

Does BigONE Exchange offer OTC trading?

Yes, BigONE Exchange offers over-the-counter (OTC) trading for users who want to buy or sell large amounts of cryptocurrency without affecting the market price.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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