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Sunday, April 14, 2024

Biki Cryptocurrency Exchange Review – Popular Token’s Choice

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Headquartered in Singapore, BiKi is a global cryptocurrency exchange. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI.

About Biki Cryptocurrency

Founded in August 2018 and headquartered in Singapore, Biki Cryptocurrency is a global digital currency trading service provider. With a strong technical team and operations team, the platform is committed to creating the safest, most stable and efficient digital currency trading platform for users around the world. At present, it has supported many languages ​​such as Chinese and English, and serves nearly 100 countries and regions, with over 2 million users worldwide.

Biki.cc has launched a subversive ” mining, buying back and destroying, rising and falling” model where 100% of the platform fee was used to repurchase the platform currency and destroyed them. Du Jun, the former co-founder of Huobi and the founder of Golden Finance, has jointly participated in the establishment of BiKi.com, and personally invested 5 million US dollars and served as the co-CEO of BiKi.com.

Exchange NameBiki Cryptocurrency
Exchange TypeCryptocurrency
Withdraw Fee0.0005 BTC
Taker Fee0.15%
Maker Fee0.15%
 Top CountryIndia

How To Sign Up & Start Trading

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

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.

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.

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

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 Cryptocurrency 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.

Deposit Methods

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

BiKi Token

BIKI is the token issued by BiKi.com trading platform and is the representative of the exchange’s own rights and interests. The initial supply of BIKI is 1 billion. The issuance and destruction of BIKI is based on the ” mining, buying back and destroying, rising and falling” model and with the principle of continuous repurchase and destruction, the total amount will be reduced to 100 million. Currently 344 million has been destroyed and the circulation supply will continue to decrease in the future so that benefits will continue to increase, creating an extremely deflationary economic ecology.

Benefits of BiKi

Biki.cc can be used to reduce trading fee deductible at 25%; or apply to be our OTC merchant (subject to a locked position of 1 million BiKi); or participate in the BiKi Lab subscription (subject to holding asset of BiKi); and/or be our Community Partner to earn multi-tier rewards (subject to a locked position of 30,000 BiKi ).

Mobile Support

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 App

We have a strong technical team and operation team, dedicated to building the safest, most stable and efficient digital asset trading platform for global users. At present, BiKi.com has supported Chinese, British and other multi-national languages, serving one million users in dozens of countries and regions around the world.

Download BiKi App

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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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