EXCHANGE

Bitcoke.com Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

22/02/2022

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About Bitcoke.com

Bitcoke.com is a Hong Kong-based exchange registered in the Cayman Islands. It launched in 2020. As a few of its highlights, BitCoke states that they have a high performance trading engine, superb liquidity (which they have not been able to verify though), cold storage asset isolation and quanto swap. Quanto swap apparently means that you can “support any crypto as margin to conveniently trade all contracts available.

This platform is not only available from your desktop, you can now also access it via your mobile. It is “multi-terminal”. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. If you’re one of those people, then this platform can still be for you.

Basic Information

Exchange	Details
Exchange Name	Bitcoke.com
Exchange Type	Cryptocurrency
Withdraw Fee	0.0005
Deposit Fee	Free
Maker Fee	0.03%
Taker Fee	0.03%
Support	24/7
Website	Homepage

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.

BitCoke Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.

This exchange’s trading fees for takers is 0.03%. This fee is substantially below the historical industry average, which is arguably around 0.25%. They are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. But, obviously, BitCoke’s taker fees are very low also in comparison with them.

BitCoke also offer trading fee discounts for makers, who trade at 0.02% (33% discount compared to takers). This maker/taker fee model promotes the liquidity at the exchange and is an appreciated feature with this platform.

BitCoke Withdrawal fees

BitCoke charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is below the global industry average with roughly 40% (seeing as the global industry average BTC-withdrawal fee is 0.000812 BTC per BTC-withdrawal, at least when they did the most recent empirical study of withdrawal fees). All in all, the fees here are low and thus also consumer-friendly.

Deposit Methods

BitCoke does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange. To find an exchange where you can deposit fiat currency, just use Exchange Filters and we’ll help you through it.

Features

Quanto Swap

Support any crypto as margin to conveniently trade all contracts available

High Performance

Match trading by system memory, able to execute million level TPS transactions.

Superb Liquidity

Excellent market depth and low trading fee.

Asset Isolation

Cutting-edge cold storage safeguards asset security.