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There’s no denying that the crypto industry is growing in leaps and bounds, with innovations springing up every day. With a market cap of 1 trillion USD, it’s not surprising that individuals, corporate institutions, and even sovereign nations are joining the fray. For this reason, a lot of people are searching for the right crypto trading platform to choose from.
This can be a challenging task if you don’t know where to look. That’s why we’ve taken that burden off you to give you an in-depth review of one of the top trading crypto platforms out there – BEXPlus.
This is one of the few platforms that offer low latency and fast order execution speed. For this reason, Bexplus is a versatile, convenient and efficient platform for both experts and beginners traders.
Traders are assured of getting reliable and secure crypto trading services, that ensures user funds and transactions are protected. The technologies used for protection are:
- cold wallets with multi-signature encryption
- distributed servers
- anti-DDoS systems
- several other advanced features
As luck would have it, Bexplus is on a mission to keep evolving so all transactions are profitable and hassle free.
- Website: www.bexplus.com
- Head quarters: Saint Vincent and the Grenadines
- Funding Methods: BTC Transfer to the exchange’s wallet
- Crypto pairs: BTC, ETH, USDT, XRP, LTC, and EOS
- Fiat Gateway: None
Some of the things we’ll be reviewing are the exchange’s history, withdrawal methods, security architecture and more. Without further ado, let’s get started.
All new users are given 100 percent of their deposit as a bonus to start trading
Pros
- All new users are given 100 percent of their deposit as a bonus to start trading.
- Users are not mandated to go through KYC verification which protects their identity and transactions at all times.
- Bexplus offers 100 times leverage for contract trading.
- Users do not need to pay a charge to deposit crypto into their wallets.
- Users can practice with a demo account before committing real funds for trading.
Cons
- The platform has no fiat gateway of any kind. All deposits and withdrawals are done in BTC only.
- There's a limited number of pairs available to users, which is a disincentive to some traders.
- When compared to similar platforms, the overnight and trading fees are seen to be on the high side.
History And Background Of Bexplus
Bexplus is a crypto futures exchange launched in Hong Kong in 2017 and was registered in St. Vincent and the Grenadines. In addition, the exchange has several offices across the globe in countries like Brazil, the United States, Japan, and Singapore.
It offers digital asset traders an estimated 100 times leverage on specific token (BTC, LTC, ETH, XRP and EOS) pairs. Even if you are a newbie, the platform offers other unique features to help you get started in leveraged trading.
Screenshots
What Cryptocurrencies Can You Buy on Bexplus?
Bexplus enables you to purchase a wide range of cryptocurrencies including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Dogecoin (DOGE)
- Ripple (XRP)
- Neo (NEO)
- Cardano (ADA)
- EOS Token (EOS)
- ERC 20 (ERC 20)
- LOTA (MIOTA)
- Cosmos (ATOM)
- Dash (DASH)
- NEM (XEM)
- Litecoin (LTC)
- Ontology (ONT)
- Bitcoin Cash (BCH)
- ZCash (Zcash)
- Monero (XMR)
Mobile or Web App?
Before we proceed to opening an account, you have to choose the platform that is convenient for you to use. You can choose the web app or download the mobile app on either Google’s Playstore or the App Store for iOS users.
How to Set up a Bexplus Account
Here is a step by step guide to help you create your Bexplus account. For starters, you can register your account on Bexplus via email. Once you’re done with the registration, you can start futures trading.
Registration is a three step process. Here’s the first step.
The steps to open up an account on Bexplus
Enter the Bexplus website on your browser and click "Sign up."
This will take you to the registration page, where you'll enter your email address.
A verification code will be sent to your email address.
Enter the code and set your password before clicking the" Sign up" button.
Once your registration is complete, log in to your Bexplus account.
Bexplus Fees
Withdrawal fees:
Unlike many other exchanges, Bexplus does not try to compensate their competitive trading fees with extremely high withdrawal fees.
Bexplus charges a withdrawal fee of 0.0005 BTC when withdrawing BTC, which is lower than the industry average of 0.000812 BTC.
Funding methods of Bexplus
As luck would have it, funding your Bexplus account is as simple as it gets. The exchange support deposits of crypto’s like BTC, ETH, USDT, XRP, LTC, and EOS and you can do that on both the web app and mobile app. To do this:
- Log in to your account on either the app or on your web browser.
- Then, choose the crypto you wish to deposit, and you’ll be given a deposit address that comes with an individual multi-signature.
- Once your deposit is confirmed, the coins will be credited to your Bexplus account.
If you don’t hold any crypto, you can buy from the exchanges that Bexplus recommends. As luck would have it, there are no fees or limits for depositing any crypto to your Bexplus account.
If you are new to trading on the platform, you’ll notice that your deposit may have arrived, but your account is still empty when trading. There’s no cause for alarm. Here’s the reason why:
- The crypto you deposited first arrives in your Spot account.
- If you want to start trading these coins, you need to transfer them to your Trading account.
- Lastly, Bexplus fully embodies one of the core tenets of cryptocurrency trading, which is anonymity. Hence, the platform doesn’t store their customer’s private information.
Keep in mind that the platform requires a minimum deposit of 0.001 BTC, and they charge no deposit fee. Transaction fees range from 0.075% to 0.195% and the withdrawal fee is pegged at 0.0005 BTC.
How Safe is Bexplus?
It is no news that the crypto industry is susceptible to hackers. For this reason, Bexplus went out of its way to get the best security architecture in place. The team behind Bexplus is one of the best in the industry:
- They have financial experts, blockchain architects, and some of the best security experts in the industry in their employ.
- To buttress this point, Bexplus is one of the few platforms accredited by the Money Service Business (MSB).
- Bexplus offers protection against DDoS attacks.
- That’s not all, the platform is encrypted with SSL, 2FA to secure the account and assets of users, and multi-signature technology.
Features of Bexplus
Although the platform may not be as old as its counterparts, that doesn’t mean Bexplus doesn’t hold its ground when it comes to impressive features:
- It comes with new and advanced features like TradingView’s professional charting suite, which goes a long way to enrich the experience of its users.
- Also, users have access to advanced drawing tools, indicators, and chart patterns before they place an order.
- To top it all, Bexplus’s chart comes with the newest overlay to keep up with the latest trends.
Trading Simulation
Bexplus offers an open trading, risk-free capital environment with Bitcoin and crypto pairing minimum deposits. In addition, beginners are given free Bitcoins for free to learn the ropes of crypto trading.
This way, they not only gain the required knowledge of closing and opening positions with ease, they also get to know about margin trading requirements. They also have access to advanced features, so they aren’t caught off guard when faced with real-world scenarios.
Bexplus Education
Bexplus comes with a detailed help center that helps users solve most (if not all) kinds of problems they encounter on the platform. There’s also a glossary where users can get quick answers and fixes to any questions that arise from using the platform.
Customer Support
Not only is Bexplus easy to use, they also have responsive customer support that is ready to help should you encounter any problem on the platform.
A unique selling point we noted on the platform is the fact that they do not require KYC, which gives traders confidence to trade without fear of losing their anonymity.
Conclusion
Frequently Asked Questions
Yes, Bexplus is very safe thanks to the accreditation by MSB (the Money Service Business). They are also fortified against DDoS attacks, and they also use 2FA and multi sig technology to secure their platform.
Yes, they have a mobile app for both Android and iOS users.
You can only withdraw BTC on Bexplus at the moment.
- Log in to your account and click on withdrawal on the drop down menu.
- Select the wallet you want to withdraw from.
- Paste the BTC address you want to withdraw into. Enter the amount and verification code, then confirm the transaction.