RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Bibox

Bibox Exchange Review

Centralized

Bibox Overview

  • Bibox is an artificial intelligence (AI) enhanced digital asset exchange that is encrypted and based on blockchain technology. A Bibox exchange review reveals that this digital asset exchange, created by Chinese developers, was launched in November 2017 – amidst the rapid price increases experienced during the 2017 crypto bull market. In addition, this exchange seems to be known for providing access to a secure, reliable trading platform that is easy and straightforward to use. It provides all the functionality required to trade cryptocurrencies in a simplistic manner.

    A Bibox exchange review also shows that they serve the crypto community via no less than 196 markets, placing them solidly within the top 20 cryptocurrency exchanges by volume. This is hugely positive and a direct result of the hard work that has been done at Bibox in terms of modernization and development. They also seem to be ready for mass crypto adoption as their platform is allegedly capable of handling more than 10 million users at the same time. It is unclear how they are ready to serve that many users at the same time as their exchange can allegedly handle only 1 million transactions per second. This is a huge number in itself, but an uphill battle can be expected at best to serve 10 million users at the same time.

    Bibox seems to have a native token called the Bibox Token (BIX). A Bibox exchange review reveals that the BIX token, an ERC20 token, serves as ‘fuel’ for the decentralized transaction service offered by Bibox.

    Bibox Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      164839.826 BTC

      • Bibox Total Trading Pairs

        180

        • Bibox Margin Trading

          Yes

          • Bibox Deposit fees

            Free

            • Bibox Fiat Deposit

              None

              • Accepted Payment Method

                None

                • Bibox Native token

                  Yes

                  • Native token smart contract

                    N/A

                    • Bibox Trading Markets
                      • Bibox Stablecoins trading

                        Bibox Withdrawals

                        • Daily Withdrawal Limit

                          Unverified-2BTC daily. Verified- unlimited.

                          • Bibox Withdraw fees

                            The withdrawal fee i.e. network transaction fee will vary according to the following table

                            • Bibox Withdraw fees discount

                              If you pay using BIX, you may enjoy a 50% discount on the trading fee

                              • Proof of Reserves

                                N/A

                                Bibox Exchange Rating Analysis

                                Last edit 25.07.2019

                                • BiBox is an Estonian-based crypto currency exchange, which also has an office in China. BiBox offers an average number of markets and an about average number of tradable pairs. The team is a concern for us. The CEO has minimal experience in management positions, and there is no designated cyber security employee on the team. Other concerns for this project include a site that is not very user friendly

                                  Bibox IEO launchpad

                                  Stage Start date End date Fundraising
                                  Ludos

                                  Ludos

                                  Apr 22, 2019 - Apr 22, 2019 $7M
                                  The Force Protocol

                                  The Force Protocol

                                  Apr 22, 2019 - Apr 22, 2019 $1M
                                  Xenoverse

                                  Xenoverse

                                  Jul 14, 2019 - Jul 15, 2019 $850K

                                  Bibox Exchange Additional Information