BKEX is a cryptocurrency exchange that is headquartered on the British Virgin Islands known for being a region with crypto-friendly policy. The exchange is operated by BTC King Technology Limited, a relatively new company that was founded on May 9, 2018. In a year after the launch, the company entered the top-20 cryptocurrency exchanges by daily trading turnover.
The exchange offers a lot of trading pairs and coins. Combining the superb performance of the centralized exchange and the efficiency of a decentralized public chain, the platform offers trading services for numerous cryptocurrencies such as BTC, ETH, NEO, EOS, and others. Fiat deposits are not supported on BHEX as the exchange allows uploading only cryptocurrencies. The platform also offers margin trading and the OTC trading service.
The advantage of the BKEX platform is its high liquidity. With vast resources at the disposal of the service, the site enables smooth, unstoppable performance. Taking into account the incredible performance of coupling engine technology, the exchange surpasses its business rivals. Its powerful engine is able to deliver up to 1.4 million operations per second.
According to users’ reviews, the website is convenient for use and has a user-friendly interface in the form of standard windows and elements. The functionality of the exchange is quite intuitive. Everything is clear and understandable in the trading section that is presented by a simple, high-quality interface that features convenient scalable data graphics such as candlestick charts. The support of API simplifies the process of integration for technically-savvy users.
The platform is available in Simplified Chinese, English, and Korean meaning that the platform is open for foreign users. Multi-language support helps to increase the customer base. The mobile users can download the apps for Android and iOS from the official website.
The option of leverage trading is one of the benefits of the resource that helps traders to increase their profit though one shouldn’t forget about the possibility of equally huge losses. The traders who are inclined to risk, select this option with pleasure.
The native token of the BKEX exchange bears the ticker BKK. The platform uses the buyback and burning mechanism of BKK in accordance with which it uses quarterly burning. The trading platform is based on community consensus. There is a special voting policy enabling holders of BKK tokens to vote for the decision. For instance, 74.59% of users supported the change of BKK dividend to buyback burn after the community discussion and vote. The number of votes depends upon the amount of BKK.
BKEX pays much attention to work with the community trying to strengthen it. For instance, it has launched the “advise” channel so that users could express their opinion and submit valuable suggestions. The platform is interested in the active users’ participation therefore it holds the “Advise to win BKK activity”. The amount of the reward varies from 10 to 10,000 BKK depending upon the value of opinion or suggestions. It’s possible to use either the “Advise” channel or the “Feedback” entrance on the app for it. One user can receive numerous rewards for different feasible suggestions. In case the same suggestion was submitted by different members of the community, the reward is granted to the first person who did it. Also, trading competitions are arranged during which trade amount ranking is defined. The best traders get to be rewarded.
The safety and stability of work with multi-tier architecture made the service a reliable trading hub where users can perform their activities without worries about security. BKEX chain features secure storage of the digital assets, project crowdfunding, and established DPOS-based super node decision system. The exchange is cross-platform and functions equally well in different operating systems.
Users can rely upon a multi-signature cold wallet for the storage of digital assets. In accordance with the rules of the service, users of the site should pass KYC and AML procedures.
BKEX fees and affiliate program
Along with a wide selection of altcoins contributing to the popularity of the resource, low trading fees are used to attract users. The platform charges a 0.1% fee for trading regardless of a user’s status in a deal as the same fee is applied both to takers and makers.
The financial operations (depositing and withdrawals) are performed with ease. The fee for withdrawal is fixed and makes up 0.0008 BTC, which is a standard fee for the industry but can depend upon the type of the cryptocurrency. One can find out more about it on the dedicated page.
In April 2020, BKEX Global launched innovative financial derivatives, ETP Trading Area for the trading pair BTC3L/USDT. The basic trading fee rate makes up 0.2%. The fee rate of perpetual swap in BTC/USDT trading pair is 0.02% for makers and 0.05% for takers.
The site has an affiliate program and offers rewards for inviting new users. BKEX uses 70% of the platform transaction fee as the non-periodic buyback burn of BKK, and the remaining 30% as the referral commission. In addition, exchange users receive cryptocurrency deposit services for passive income.
The leading positions in the company are taken by the young promising specialists, for instance, the graduate of Xihua university Robert Ren who became BKEX Research Director. Diyo Summer takes the position of Listing/IEO Manager in BKEX, who is also a graduate of Xihua University with experience of work in different financial and cryptocurrency companies.
Winfred Ji is a BKEX project partner. For some time, he was a Blockchain Analyst & Head of Investment in BKEX. Winfred is also a co-founder of Seed Capital. Hugh Guan is an International Business Director in BKEX and a cofounder of the Concreate studio that aims to accelerate potential projects in the blockchain.