Headquartered in Estonia, Bibox is an online cryptocurrency exchange that gives crypto enthusiasts access to trade a wide variety of cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, DASH, Ripple, and many others. Bibox is operated by a team of Chinese blockchain and cryptocurrency experts. They provide traders with their proprietary trading platform, along with a range of trading tools and educational resources.
Bibox Review Introduction
In this Bibox review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Bibox.
Bibox Platforms & Tools
The Exchange provides traders with the proprietary Bibox trading platform. It is feature-packed and gives traders the choice to view the market in a basic platform mode or a full-screen platform mode. The latter is more advanced and built for experienced traders who want to utilize the technical analysis tools provided. However, both versions of the platform offer the same features but use a different layout. The platform comes with a sophisticated chart where traders can use a number of technical indicators and charting tools to analyze the price of the underlying digital asset. Also, traders can place multiple order types such as market orders, limit orders, and stop-loss orders.
The Bibox trading platform is available as a WebTrader that can run directly on most modern web browsers, including Chrome, Safari, Firefox, Edge, and others, without the need for any extra software. There is also a mobile app that is designed for smartphone devices running on Android and iOS. The mobile app can be downloaded from the relevant app stores and used to place and manage trades while on the move, as long as there is an internet connection.
The Exchange provides REST API and WebSocket API, which some investors prefer to use to have direct access to the markets and trade. Their charts are provided by TradingView.
Bibox Research & Education
The Exchange has a selection of educational resources on their website, and they include News, Tutorials, Announcements, Newsletters, and the Help Center. The educational materials help clients to learn more about the market.
Bibox Trading Accounts
Bibox offers one live trading account, which allows traders to use the trading platform to exchange multiple digital currencies.
Bibox Account Funding
Traders can deposit and withdraw funds to and from their trading accounts using cryptocurrencies. Bibox does not support fiat currency. Users who do not have digital currency can purchase them through LinkCoin. Withdrawal can be done to another digital wallet or exchange. An address is needed for withdrawal.
Bibox Customer Service
The Exchange offers a multilingual client support team that can be contacted via Live Chat, email, and social media.
There is no regulatory information on the Exchange’s website at the moment. But most experts and professionals would not like to trade with an unregulated exchange as they cannot offer the same protection to investors as a regulated exchange.
Bibox Review Summary
Bibox is a cryptocurrency exchange that offers multiple cryptocurrencies for online trading through its proprietary trading platform while providing a range of trading tools and educational resources to help traders. They offer one live trading account and process payments using cryptocurrencies only. The Exchange, however, is not regulated by any known financial authority at the moment, which could pose a red flag to most potential traders and investors.
It is worth mentioning that some of the trading products and services in this Bibox review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Bibox broker website which you can visit by using the link below.
Digital assets trading is highly risky and therefore not suitable for the vast majority of people. You acknowledge and understand that investment in digital assets may result in partial or total loss of your investment and therefore you are advised to decide the amount of your investment based on your loss-bearing capacity. You acknowledge and understand that digital assets may generate derivative risks. Therefore, if you have any doubt, you are advised to seek assistance from a financial adviser first.