BKEX Review 2024

BKEX is a leading cryptocurrency exchange and trading platform. They support 554 coins across 582 markets.

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Summary

Pros

Supports over 1,200 cryptocurrencies for trading, offering a wide range of options
Low trading fees with a maker fee of 0.15% and taker fee of 0.20%
Offers advanced trading features including leveraged trading up to 100x
No mandatory KYC for basic trading, allowing anonymity for smaller trades
Provides staking services and interest-earning opportunities on various cryptocurrencies
User-friendly interface with mobile apps available for both Android and iOS
High liquidity and efficient trading engine, ensuring fast order execution
Offers additional features like mining pools and cloud mining
Supports multiple languages, enhancing accessibility for a global user base
Strong security measures including cold storage and two-factor authentication

Cons

Not regulated by major financial authorities, raising potential trust issues
Customer support has received mixed reviews regarding responsiveness and effectiveness
Does not accept fiat currency deposits, limiting payment options
Past incidents of copying trading history from other exchanges to inflate trust
Complex fee structure for withdrawals, varying by cryptocurrency
Limited educational resources available for new users
Higher withdrawal fees compared to some competitors

Features

Spot Trading

BKEX allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.

Futures Trading

BKEX supports futures trading. Derivative contracts that you can trade on leverage without providing margin.

P2P Trading

BKEX support P2P trading. Where you trade directly with other people through specific payment methods or giftcards.

Copy Trading

BKEX supports copy trading, an automated method of copying other people's trades; great if you're a newbie, or if you're not the best trader.

Staking

BKEX allows you to stake your crypto and earn passive income.

Money

Fees

Like all centralized exchanges, BKEX charges fees. This is how they generate revenue, and keep their operation running.

Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
Withdrawal fees. BKEX charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by BKEX.
BKEX's maker fees: 0.2%*
BKEX's Taker fees: 0.2%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

BKEX supports 1 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

Credit/Debit Card

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

BKEX supports 33 fiat currencies.

Security

Keeping your funds safe

BKEX offers 2 additional layer(s) of security. Aside from the obvious -- email and password.

KYC

BKEX requires KYC to use their services. KYC usually involves sharing your personal details, some form of ID, a mobile phone number, and in some cases, proof of address.