BKEX Review – Offshore Crypto Exchange Not Being Genuine
Generally speaking, BKEX company is quite young. It was established in 2018 in the British Virgin Islands. Not quite a promising country to register a crypto business. Yet, they managed to build up their reputation and get to the #116 position in the global list of exchanges.
Thus, if you can trust this company with your money you’ll know after reading this unbiased BKEX Review. Hey, you shouldn’t skip our Profit Trade Review because many swindlers are luring around.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||British Virgin Islands|
|Free Demo Account:||Available|
|How to Withdraw from This Company?||
Considering many traders reporting locked funds and being unable to withdraw the money, you can expect issues here. But if you do so, you can book a consultation with our experts to get advice on the next step.
Legal info: Is BKEX legit or a Scam?
BKEX is a global crypto platform that offers more than 1K cryptocurrency pairs. Thus, to provide exchange services in some countries they should have Digital Asset Provider License.
Unlike other trusted exchanges, they don’t have it transparently visible. For that reason, BKEX.com is not one of those highly reputable companies.
Who are BKEX’s clients?
BKEX Global cryptocurrency exchange spread its tentacles everywhere. Thus, in some countries, they are more active than others. However, most traders, but also victims come from:
- United States
- South Korea
If you are coming from any other country but you experienced some irregularities with this company, let us know. Ultimately, our team can advise you on potential solutions.
One of the key warning signs is BKEXGlobal reviews. For any company that has almost 40% of negative reviews, we can’t believe it’s reliable. A few percentages are always fine, because you can’t suit everyone. But 40% is an alarming number. Especially if you consider that the total number is 117 on Trustpilot.
What’s your experience after you completed the BKEX Login procedure for the first time? Let us know and let’s find a solution to your issue together.
Investment Costs, Leverage and Fees with BKEX
On the positive side, BKEX company provides fully transparent fees. In general, the fees are average and the maker would have 0.15% while the taker has a 0.2% fee. However, VIP BKEX app users can get a discount depending on the level with a minimum fee of 0.035%. Important to realize is that the company also provides leveraged trading with derivatives with a maximum of 1:100 leverage.
Unlike some other trusted exchanges, BKEX doesn’t have financial promotions or bonuses. The only way to get any financial benefit is through VIP accounts. But on the other hand, there is up to 30% commission for referral program.
BKEX Trading Features
There are a few interesting features with the BKEX apk. Those are mainly related to general crypto staking. Yet, there are few other options. You can do:
- Spot trading
- Contract trading
- Smart pool (current and flexible mining, new coin mining)
- ETH 2.0
- Hashrate mining
- Seed Incubator Pro
- Perpetual Swap Contract
Is BKEX legit?
In general, www.bkex.com website is reliable and transparent. Yet, some traders were reporting different issues with the company. Ultimately, not something that a legitimate company would have. Another proof of that you can find in our comprehensive Neo Omatic review.
Available Trading Assets
The company offers more than 1000 crypto pairs and 100+ derivative futures. With such a big pool, anyone can find a suitable option for itself. Some of the top traded assets are:
To motivate investors to trade more, the company offers 12 VIP packages. To be honest, if there are 12 levels of VIP, that’s not considered VIP anymore. Anyway, with every consecutive level, you get a higher maximum withdrawal limit. But also lower fees.
To get to the next level, you have five methods. Those are mostly related to the 15 or 30-day trading volume. Some might think that’s the way how BKEX scam is performed. For more information, you can check the BKEX review on Reddit as well.
Mobile Trading App
One of the positive sides of the company is its mobile app. It’s available for both, iOS and Android devices. But most importantly, there are more than 50K downloads on PlayStore. Which tells you that people are using it. Not as much as some others that have more than 50M users.
Another key feature is a demo account. Thus, it’s only available for derivatives trading. Anyway, a good option for beginners to check out how crypto trading works.
As a matter of fact, the company doesn’t offer any educational program. There is only news available related to the crypto world. Besides, you don’t have any option to learn how it all works.
On the positive side, BKEK fees are completely transparent. They don’t have deposit fees, however, there are withdrawal fees. Yet, it varies depending on the crypto. Yes, you have to use crypto for withdrawal because they don’t support FIAT transfers.
For example, the BTC withdrawal fee is 0.0008 BTC. Yet, after many negative reviews, you should be cautious with those.
Surprisingly, the company has quite a poor customer support options. There’s only live chat available. Yet, there ‘s a BKEX Telegram community where you can find out more. Thus, that group won’t help you if you have any issues.
Key Information To Consider About BKEX?
Primarily, we should take into consideration numerous negative reviews. But also, mediocre BKEX customer service options. If you are intending to create a BKEX wallet, you should think twice before you do that.
However, if you had any difficulties with the company, feel free to share them with us. Our team can advise you mainly about the refund options that everyone needs. Have in mind that the first consultation is free of charge and you can book yours already today!
Is BKEX A Legit Exchange?
It should be. Yet, the reviews of the company don’t point out in that direction.
What Are The Withdrawal Limits On BKEX?
Accounts that are not verified can only request a withdrawal of a maximum of 2 BTCs.
What Is The Minimum Deposit For BKEX?
The minimum deposit requirement with the BKEX crypto exchange is not revealed.
Where Is BKEX Based?
A BKEX crypto exchange is based offshore in the highly popular British Virgin Islands.
Does BKEX Require Kyc To Withdraw?
For higher amounts of money, yes. Otherwise, you don’t need to complete verification.
What Is The Problem With BKEX?
The main problem is numerous negative reviews pointing out the issues. If you experienced any feel free to contact our specialized refund team for assistance.
Does BKEX Have An App?
Yes. The BKEX mobile app is available for iOS and Android users.