BW Exchange ReviewCentralized
BW, short for “bit”, “world” and/or “wealth”, is a digital asset exchange / cryptocurrency exchange that serves the crypto community via no less than 35 markets. A BW exchange review also reveals that they provide mining pool services to crypto miners from no less 45 countries and regions.
A BW exchange review also reveals that their website is available in at least three languages, including English. However, with English selected, the FAQ page for one is only accessible in Chinese. Furthermore, it may be a false positive, but a visit to their homepage triggers a trojan warning from anti-malware software.
They claim that the BW mining pool has up to date mined or produced more than $3bn worth of Bitcoin (BTC) – 300,000 tokens, Litecoin (LTC) – 1.5 million tokens and Ethereum (ETH) – about 2 million tokens. A BW exchange review also shows that they claim to produce or mine at least 1 million dollars (USD) worth of cryptocurrencies per day.
Furthermore, it seems that they have issued their own ERC20 token with a max supply of 1 billion BWB tokens. BWB tokens seem to come with community rights and other rights and attributes. The tokens are being released through a mechanism that they call "synchronous release of POS mining".
It seems that 51% of the tokens will be returned to the community via what BW describes as the "mining by trading, mining by deposit, mining by mining" model. This while the remaining 49% that are frozen and slowly being released, are earmarked for targeted distribution, including distribution to the BW Fund, operational teams and the public.
BW Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
BW Total Trading Pairs
BW Margin Trading
BW Deposit fees
BW Trading fees
Transaction fees vary, full list here.
BW Fiat Deposit
Accepted Payment Method
BW Native token
Native token smart contract
BW Trading Markets
BW Stablecoins trading
Daily Withdrawal Limit
depends on currency
BW Withdraw fees
Withdrawal fee will be subject to the actual situation of the block.
BW Withdraw fees discount
Proof of Reserves
BW Exchange Rating Analysis
Last edit 11.09.2019
BW is a chinese-based cryptocurrency exchange offering a below average number of markets, and a low number of crypto pairs. The team appears anonymous, with very little evidence of public team members anywhere. We did find some difficulties in site usage, particularly as the FAQs were entirely in Chinese, however, their customer service does respond rapidly. They do have their own token which is currently not withdrawable. Whilst they claim they use high security practises, crypto is not insured so capital is at risk.
BW IEO launchpad
|IEO||Start date||End date||Fundraising|
|Apr 18, 2019||-||Apr 19, 2019||N/A|
|Apr 02, 2019||-||Apr 02, 2019||N/A|
Link by BlockMason
|Apr 09, 2019||-||Apr 09, 2019||N/A|
BW Exchange Additional Information
BW Establish date