Bibox Exchange ReviewCentralized
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 Score Analysis
- Total 8.15
- Performance 9
- Team 5
- Risk 1
- Usability 10
Bibox Exchange Review
Bibox Fees Discount
If you pay using BIX, you may enjoy a 50% discount on the trading fee
The withdrawal fee i.e. network transaction fee will vary according to the following table