Bankcex Crypto Exchange Review: It Is Good Or Bad?

About Bankcex Crypto Exchange

Bankcex Crypto Exchange is a centralized cryptocurrency exchange from Singapore that opened its doors as early as 2017. As of  the date of first writing this review (18 February 2021), the platform had a 24 hour trading volume amounting to USD 133.3 million according to Coinmarketcap. On the date of last updating this review (2 December 2021), the trading volume was USD 57.2 million. On the same day, Binance was at the top with a trading volume of USD 30 billion…

Bankcex Crypto Exchange Basic Points

How To Start ?

How To Sign Up At Bankcex Crypto Exchange ?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Bankcex Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Bankcex Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

BankCEX Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

BankCEX charges what we call flat fees, meaning that both the takers and the makers pay the same fee: 0.10%. These taker fees quite competitive and somewhat below the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.

In any event, regardless of which industry average you compare against, BankCEX’s trading fees are low.

BankCEX Withdrawal fees

Bankcex Crypto Exchange charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is slightly below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report.

Deposit Methods

In order to trade here, you must have cryptocurrency to begin with. The only asset class you can deposit to BankCEX is cryptocurrency. However, if you really like BankCEX but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange

BankCEX Mobile Support

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that Bankcex Crypto Exchange trading platform is also available as an app. You can download it to/from both the AppStore and Google Play.

Advantages

Safety Stability

Multi-tier & multi-cluster system architecture.

High Liquidity

Abundant resources and partners

All Devices Covered

Support Web, Android, Html5, PC.

Multiple-Coin Support

Bankcex Crypto Exchange BTC, ETH, LTC, BANK

Proven Products

The underlying BankCEX platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience.

Industry Resources

Whe have solid relationships with industry leaders, simply look at the list of investors and advisors who are willing to stand behind our platform.