BKEX Review

What is BKEX?

BKEX is a cryptocurrency exchange platform where users can purchase, sell and trade digital assets. As one of the first major exchanges to launch in 2018, BKEX quickly earned itself a reputation as an industry pioneer.

some even refer to it as its industry’s first mainstream “sunshine trading” platform.

Following this review, BKEX appears to be making progress, according to user feedback on some of the biggest cryptocurrency forums. Yet there remains room for growth.

Where is the BKEX Exchange Located?

BKEX Global began trading cryptocurrency in 2018 from their headquarters in China, a British Virgin Islands (BVI) company.

Who Founded BKEX?

JM founded BKEX in 2018 in the British Virgin Islands and has provided cryptocurrency trading services to users around the globe.

Who Owns BKEX?

Lion Ji is both founder and current CEO of BKEX Global.

How to Use BKEX

By understanding what BKEX offers users, you can better protect your digital assets on their platform. If trading is new for you on the BKEX exchange, don’t fret; all that’s required for success are these instructions:

1. Sign Up

To open an account on the BKEX website, select “Register.” Once registered, you must complete the verification process by providing your email address, password and other essential details.

2. Verify Your Account

Once registered, the next step is verifying your identity through Know Your Customer (KYC) checks. This involves disclosing personal information as well as valid identity documents.

3. Funding Your Account

Once your account has been validated, you have several deposit options to fund it with either cryptocurrencies or fiat currencies.

4. Begin Trading

Once the funds have been deposited into your account, you can begin trading on the exchange by selecting which trading pair you wish to trade, selecting either a market or limit order and entering how much money needs to be traded.

5. Monitor Your Trades

On the “Orders” tab, where you can review open orders, trade history and other essential data, you can keep an eye on the progress of a transaction once sent.

6. Withdraw Your Funds

After you’ve finished trading and selected the “Withdraw” tab, you can withdraw cryptocurrency or fiat currency. Enter both amounts due and information related to your wallet or bank account, then submit the request.

How to Purchase Crypto on BKEX

You can purchase your crypto on BKEX with your Coinbase wallet or any supported wallet. Unlike other cryptocurrencies, it isn’t listed on Coinbase’s main market yet. Nonetheless, you can still access cryptocurrency and purchase some BKEX chains through your Coinbase Wallet by following these steps:

1. To purchase BKEX with your Coinbase wallet, first purchase Ethereum (ETH) and transfer it to the wallet.
2. Afterward, deposit some ETH into your Coinbase Wallet and trade some for BKEX Chain directly within the mobile app or browser extension.
3. Select BKEX Chain as your asset by tapping or clicking the “Swap” icon in the Assets tab and choosing “Choose Asset.”
4. Enter how much ETH you wish to trade for this asset below; remember to save enough money for transaction fees.
5. Confirm your purchase and follow onscreen instructions to complete the transaction.

BKEX only accepts cryptocurrency deposits; no fiat currency can be accepted.

How to Withdraw from BKEX

Yes, funds can be withdrawn from BKEX. Here are the steps necessary to sell on BKEX and withdraw funds from the exchange:

1. Logging into your account on BKEX allows you to select which cryptocurrency you would like to sell by going to the “Exchange” tab and selecting it.
2. You may sell any amount of cryptocurrencies by selecting the “Sell” button and entering how much money you wish to get rid of.
3. You can set the price at which you wish to sell your bitcoin by placing either a market order or a limit order, depending on which option best meets your needs.
4. Once all details of your sell order have been reviewed, click “Sell” to complete the transaction.

Once a sale order has been successfully executed and processed, your BKEX account will be credited with funds.

Here are the Steps to Withdraw Funds from your BKEX Account:

1. Log into your account on BKEX and select the cryptocurrency you wish to withdraw by going to the “Assets” tab and clicking it.
2. A prompt will appear asking how much cryptocurrency is being withdrawn.
3. Enter recipients’ addresses and necessary information.
4. Once you’ve reviewed and accepted your withdrawal details, click “Confirm.”

Your transaction will be marked as successful, with funds sent directly to the specified address.

Be mindful of the fees associated with withdrawing various cryptocurrencies and the minimum required. Confirm all details before beginning the withdrawal process to maximize efficiency.

How to Trade on BKEX

To begin trading on the BKEX platform, open an account and navigate to the Exchange option at the top. Choose which trading pair you wish to trade; for instance, Bitcoin for Ethereum would be BTC/ETH. Adjust your order’s stop loss and market limits accordingly, then enter how much cryptocurrency you wish to invest and confirm before beginning trades.

How to Purchase HOGE on BKEX

As HOGE is an ERC-20 token, you can purchase it using the BKEX exchange. Click “Exchange” and choose your trading pair – USDT/HOGE or another. Enter how much USDT you wish to exchange for HOGE on this page before clicking “Buy.” Your account will then be credited with HOGE tokens once processing is complete.

How to Add Money to BKEX

To fund your BKEX account, head to the main page and select “My wallet.” Here you’ll see a list of available currencies; choose Ethereum from this selection, and an “ETH Deposit Address” option appears. Continuing down the page will guide you through this process until it is complete.

How to Stake on BKEX

BKEX is a leading Blockchain exchange that makes unlocking, mining and Staking funds in BRG, MILO, CMCX, DOT, LQR or SHIELD markets effortless! To begin staking from their website: go to Finance at the top and select staking; here, you will be presented with various staking options; pick one and enter your stake amount accordingly.

Pros and Cons of BKEX

Pros👍

• BKEX Offers a Wide Range of Cryptocurrencies: Trading is available on the BKEX platform for an extensive selection of established and emerging cryptocurrencies.
• Staking Services: Tokens held in a BKEX account can be staked for rewards as the exchange supports various cryptocurrencies.
• Low Trading Fees: BKEX appeals to traders looking to minimize expenses as its fees are lower than many other exchanges.
• Security: BKEX prioritized strong security by incorporating cutting-edge features like cold storage of funds and two-factor authentication to protect user accounts and funds.

Cons👎

• Limited Fiat Support: Some users may require extra assistance when depositing or withdrawing funds from BKEX due to its limited selection of supported fiat currencies.
• Regulator Concerns: Regulators have expressed an interest in BKEX, potentially having negative repercussions for its operations or customer experience.

FAQs