BCEX is this a scam? Review and Customers Reviews

BCEX – it’s chinese cryptocurrency exchange which has been operating on the digital asset market since 2017. The company provides the opportunity to conduct transactions with more than 130 cryptocurrencies and 50 active markets. The trading volume per day is 12531.53 BTCwhich proves the popularity of the crypto exchange. In today’s review let’s look at the advantages of bcex.online and find out if it is a scam.

 

Why BCEX?

The main advantage of the service is an increased level of security. For each trader, the system sets automatic alerts, which come in the form of messages to your phone or email. It is also worth noting the availability of a password used for any operation with assets. All the information that the client enters into the site when registering is protected by the terms of the “privacy policy”. More advantages of the site bcex.online:

• clear interface, which greatly simplifies the process of getting acquainted with the platform;
• pleasant design;
• high trading volumes, providing good liquidity;
• work with futures and OTC trading;
• A wide selection of coins is available, there are even exotic specimens;
• relatively low commissions.

 

How to exchange cryptocurrency on the platform bcex.online?

Exchange cryptocurrency on the site bcex.online Unfortunately, the site is only available here in Chinese. It’s hard to understand what’s what. In the form, specify what coins you want to exchange. Specify the number of digital coins and click on “Buy” or “Sell”. Or you can click on “Exchange” or choose a trading pair from the list on the main page of the site. It’s easy to exchange some coins for others and make a profit in the exchange process.

 

Verification on the BCEX Global platform

Verification of identity is mandatory, without it it is impossible to gain access to the main functions of the exchange. The procedure is quick and easy. For identity verification you need to specify the following data:

• surname and first name;
• type of identity document;
• the number of the identity card;
• phone number;
• captcha code;
• verification code (will come in the SMS).

There are two levels of verification. For the first one, you need to specify your full name and enter the number of your identification document. You will be able to deposit, trade and withdraw funds. The daily withdrawal limit will be 2 BTC. For the second level it’s necessary to make some photos, to enter date of birth and residence address. The daily limit will grow to 10 BTC.

 

Deposit and withdrawal

After connecting 2FA authorization, user can deposit and get all the functionality for trading. Deposit will be free, withdrawal will be charged according to the set rates for each cryptocurrency. In addition, you should be guided by the limits specified on the site. For example, when withdrawing Bitcoin, you will have to pay 0.0009 BTC, while the minimum withdrawal will be 0.00018 BTC.

Deposit and withdrawal of funds from the balance to BCEX Global is done in a standard way to transfer funds between wallet addresses in blockchain networks. For depositing, the system generates an address to which coins need to be transferred. When withdrawing funds, it is enough to specify the address cryptocurrency wallet to which the assets are withdrawn. To replenish your account, go to the “Balances” section. All digital currencies supported on the trading platform are presented here. Click the “Deposit” button in front of the desired coin. The system will generate the address of the wallet, to which you need to transfer the desired amount. There is also a QR-code for deposit via mobile wallet.

BCEX Crypto Exchange Commission

For the makers the commission is 0.1%, for the takeers – 0.2%. The commissions for withdrawal are as follows:

• AXF – 50;
• BTC – 0.0009;
• DOGE – 100;
• EOS – 0.1;
• ETH – 0.02;
• LTC – 0.001, etc.

 

Bonuses bcex.online

About bonuses on bcex.online nothing is said, but there is an affiliate program.

Affiliate Program

The company offers earnings on an affiliate program for inviting new users to this site by referral link.

 

Complaints about BCEX Global

Reviews about this cryptocurrency exchange are quite diverse. Some users are happy with the tools present on the site and speak positively about the pleasant design and comfortable interface. But there are complaints about the lack of technical support and inconveniences associated with the withdrawal of funds. Of the disadvantages also note the lack of a Russian-language version of the site, mandatory verification, and the incorrect work of the support service.

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Regulation of the crypto exchange bcex.online

A cryptocurrency exchange can turn out to be a scam and a scam. You can lose your money if you deposit your account at a fraudulent office. That’s why next we will look at the regulation of the company.

Regulator

The exchange is registered as BCEX Global Group in Hong Kong. There is information that the company has an office in Vancouver, Canada. Nothing more is known about the regulation.

• Read the “Terms of Use” on the BCEX website.
• View the “Privacy Policy” on the bcex.online crypto exchange website.

BCEX Global User Agreement

The agreement states that BCEX Global does not offer fiat currency exchange services. Cryptocurrencies can only be exchanged for digital assets.

The document specifies the countries with which the company does not work – Afghanistan, Ukraine, Belarus, etc.

Only adult, legally capable citizens can use the services of the exchange. To get access to the services, you must register and pass an identity check.

The user must comply with the rules for selling tokens in their jurisdiction. It is strongly recommended to consult a lawyer before participating in token sales or trading on an exchange.

Clients are warned that trading digital assets is very risky.

Customer Service

The support team can be contacted as follows:

• email: [email protected];
• the feedback form on the site;
• Facebook;
• Twitter;
• Telegram.

 

Is BCEX a scam?

ALL is not a scam, even though it does not have a license to conduct financial activities. The company is registered in China, but it seems that there is also an office in Canada. No exact information about its regulation and registration is not presented on the resource. It is bad that there is no Russian version of the site, all the information is only in English and Chinese.

BCEX Global is a cryptocurrency exchange with a large daily turnover. Clients have access to a pleasant design and simple accessible functionality. It offers many coins, including exotic ones, and a decent number of trading instruments. But there are complaints about withdrawal problems and poor customer support. And to cooperate with this company or not – it is up to everyone.

 

Conclusion

ALL – is a crypto exchange with a trading turnover of over 12531.53 BTC per day. These figures indicate the popularity of the platform. Obviously, it is used by traders from all over the world. Users are happy with the comfortable interface with a pleasant design, as well as the set of trading tools. There is a mandatory verification, only after passing it opens all the functionality of the site. The site is presented only in English and Chinese, which complicates the work for the Russian-speaking audience.