Bibox Exchange Review 2021

BiBox Exchange

Bibox exchange is the so-called “decentralized exchange”. Decentralized exchanges are becoming more and more popular. They are definitely gaining market share compared to their centralized counterparts.

The decentralized exchange does not require a third party to store your funds. Instead, you can always directly control your tokens. In addition, you can directly trade with anyone who wants to buy or sell your coins.

Decentralized exchanges generally do not require you to provide personal information, which allows you to create an account and start trading immediately. The servers of decentralized exchanges are usually decentralized, which leads to a lower risk of server downtime.

However, compared with regular top cryptocurrency exchanges, the order book liquidity of decentralized exchanges is generally lower than that of regular top cryptocurrency exchanges.

BiBox Exchange Fees

Every trade involves two parties: the maker, who places the order that matches (or “takes”) the maker’s order on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order on the order book. Makers get their moniker from the fact that their orders create liquidity in a market. Takers eliminate this liquidity by matching manufacturers’ orders with their own.

For takers, the Bibox trading charge is 0.20 percent. Makers receive a discount on the trading fee and trade with a 0.10 percent trading fee. These fees are in keeping with industry averages, which have been 0.25 percent in the past but are gradually creeping up to 0.10 percent to 0.15 percent.

Furthermore, trading with the exchange’s own token (the BIX token) results in a 25% reduction in trading fees.

Furthermore, trading with the exchange’s own token (the BIX token) results in a 25% reduction in trading fees. If you trade with BIX, the trading fees for such trades will be 0.15 percent for takers and 0.075 percent for makers.

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⚠️ DISCLAIMER ⚠️: The information in this video is an opinion and is for informational purposes only. It is not intended to be investment advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. I am not guaranteeing you gains on your investment and the content I produce is my own personal approach, opinion and strategy in this highly speculative market. Past results don’t guarantee future results.
Some of these links are affiliate links where I’ll earn a small commission if you make a purchase at no additional cost to you. I will never promote anything I don’t truly believe in.

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