Bitcoin
BTC$57 317.30

6.05%

Ethereum
ETH$4 329.98

7.71%

Binance Coin
BNB$609.13

5.53%

Tether
USDT$1.000821

-0.05%

Solana
SOL$201.89

8.26%

Cardano
ADA$1.59

7.07%

Bibox – Cryptocurrency Exchange Volume and Information


Bibox Register Now
Bibox Bibox is a centralized cryptocurrency exchange that was established in 2017, presumably in China, though according to the information available on the official website.
Rating -
Volume 24h $383 245 494
Change 24h 23.57%
Updated Monday, November 29, 2021 3:01:02AM UTC
Discussion
WWW Website

Bibox volume chart – 24 hours

Bibox General Information

Bibox facts, technical details and Bibox information

Bibox is a centralized cryptocurrency exchange that was established in 2017, presumably in China, though according to the information available on the official website, the exchange is currently domiciled in the Republic of Estonia and operates under the auspices of Bibox Technology Ltd, a company registered in the same jurisdiction. Unfortunately, the platform management chose to conceal any further information about the parent firm, such as the legal address or the registration number.

Nevertheless, this minor informational gap doesn’t stop traders from flocking to the platform, as confirmed by Bibox’s impressive trading volumes which stands toe-to-toe with that of the universally recognized exchanges, such as Binance and Poloniex. For instance, the average daily trading volume on Bibox amounts to $900,000, or even $1 million on good days, while the monthly trading capacity often exceeds $20 million. This signifies the fact that the exchange possesses enough liquidity to execute orders in a swift and timely fashion, as well as to carry out the withdrawal transactions.

Speaking of withdrawals, Bibox imposes a separate fee for each coin featured in the trading pairs. For instance, when withdrawing Bitcoin, a fee of 0.0005 BTC will be deducted from the transferred sum; the transfer of Ethereum will cost 0.006 ETH, while the owners of Litecoin must pay 0.005, and so on. No need to mention that there is no fee on deposits. The trading fee constitutes a flat 0.1% for market makers and takers, which can be reduced in half if the trader chooses the corresponding option in the account settings. The users who plan to trade on Bibox for a prolonged period of time should be aware of the fact that the discount rate will get smaller by the year. The 50% fee cut will be viable only for the duration of traders’ first year on the platform. It will be decreased by half with every passing year until it reaches 0% in the fifth year. Keep in mind that these fees would be applicable only when paying them in BIX, the Bibox’s proprietary cryptocurrency which is included in numerous trading pairs.

Apart from the spot trading fees, Bibox also has the perpetual contract fee which applies for the contract, also known as futures contract, trading, and depends on such factors as the overnight funding, but usually amount to 0.01% for makers and 0.006% for takers. It would be interesting to know that contract trading affords the opportunity to buy/sell cryptocurrencies using Chinese Yuan.   

When it comes to trading options, Bibox offers four primary markets: BTC, ETH, USDT, and BIX with 201 trading pair dispersed amongst them. Just like in many other exchanges, USDT is the most traded against cryptocurrency, with the volume of trades that features this stablecoin regularly reaching around 40%. 

Aside from spot trading and mentioned contract option, Bibox also provides a means for margin trading with 3:1 leverage and also provides an opportunity to earn money by lending idle funds with up to 100% annualized returns through Treasury Box. 


Advantages of Bibox

 Author: Alex Paulson for Crypto-Rating.com

Bibox volume chart — 7 days

Bibox volume chart — 30 days

* Crypto Rating accepts no liability for any errors in the Bibox information and Bibox trade volume. For the most up-to-date prices please visit the Bibox's official website.

Top 10 Cryptocurrency Exchanges

# Exchange Founded Rate Coins Volume 24h Change 24h
1 Binance Binance 2017 4.7 341 93 854 950 600 20.78%
2 Kraken Kraken 2011 4.5 62 1 459 051 312 33.59%
3 Bitfinex Bitfinex 2012 4.4 146 1 252 065 388 26.64%
4 KuCoin KuCoin 2017 4.2 282 6 374 014 828 29.27%
5 Indodax Indodax 2019 3.8 157 69 853 580 9.38%
6 WazirX WazirX 2018 3.4 176 170 662 529 26.54%
7 Paribu Paribu 2017 3.1 51 369 214 161 -13.52%
8 OKEx OKEx 2014 3.6 242 21 987 096 294 20.10%
9 Huobi Global Huobi Global 2013 4.3 314 13 272 361 389 15.68%
10 FTX FTX 2019 1.7 192 11 145 376 039 42.52%

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.