BeQuant is this a scam? Review and Customers Reviews

BeQuant – that cryptocurrency exchange, created by technical specialists, experienced financial experts and traders. The platform was launched in September 2018. And the team developing it has been working in the blockchain sphere since 2012.

The project offers a one-stop solution for professional investors and digital asset organizations. The services include brokerage, storage, administration of funds on a trading platform providing high liquidity and direct access to the market. In this review, let’s look at the features of the bequant.io platform and see if it is a scam.

 

Why BeQuant?

On the platform bequant.io Almost 100 trading pairs and 37 cryptocurrencies. There are top assets, such as Bitcoin, Ethereum, Litecoin and others. The exchange offers three account types: basic, individual Pro and institutional. Thanks to high liquidity, sophisticated trading solutions (e.g., BeQuant Pro, a first-class brokerage service), this site successfully serves professional and institutional traders.

The technologies of the project are compatible with automated trading strategies, including numerous trading bots. Trading is done using BeQuant’s own protocols: FIX, WebSocket or REST API. The platform boasts real-time data updates and is equipped with advanced tools. Institutional and professional clients have access to an extended list of services. The BeQuant Pro package provides:

• simplified KYC procedure and account opening process;
• over-the-counter execution of a transaction;
• lower trade costs;
• access to several marketplaces;
• co-location (via Bequant Direct);
• cold storage (via the Safequant storage solution).

 

How to exchange cryptocurrency on the bequant.io platform?

After registering at bequant.io the Exchange section will be available to you. Here you can trade cryptocurrencies and exchange some coins for others.

You choose a trading pair, make a bet and sell/buy a currency. All trades are stored in “My Trades”, you can view them and repeat them if necessary.

 

Verification on the BiQuant platform

The verification procedure depends on the account type you selected. Go to “Settings” and select “Account verification”. For a Basic account, all you need is your full name, email address, nationality, registration address and phone number. Pro requires selfies, ID, address and income verification. Institutional account requires property information and supporting documents (AML, Risk, Incorporation).

 

Deposit and withdrawal

Log in to your account and click the green “Deposit” button in the upper right corner of the main window. Find the currency and click the “Deposit” button next to the digital asset you want to deposit. This will create your address cryptocurrency wallet.

Your deposit address and QR code will be shown. Refill your deposit by sending digital assets to your deposit address.

You can click “Copy” to copy the deposit address to the clipboard, or click “Create” to create a new deposit address. Copy and paste this address into a third-party service to initiate the transaction. Copy and paste your payment ID into a separate field before initiating the transaction. To withdraw funds, also click the green “Deposit” button. Next to each currency there is a “Withdraw” button. Clicking on it, you will go to the form, in which you need to specify the number of coins to withdraw and the address to which you will withdraw them.

BeQuant Crypto Exchange Commission

The commission for the takeers is 0.1%, for the makers – 0.01%. Tables with the withdrawal commissions on the site bequant.io is not presented.

 

Bonuses bequant.io

There is no information about bonuses on the bequant.io site. But the company has a referral program.

Affiliate Program

You can create a referral link and invite your friends to the platform BiQuant. You can share the link in social networks and receive compensation for the user who has become your referral and trades. The percentage is calculated individually, depends on the number of invited persons and the total volume of their trades.

 

Complaints about BeQuant

Clients speak positively about this crypto exchange. They write that the platform is convenient and commissions are low. However, it is recommended to improve the level of security. Users also write that the project deserves the attention of traders. No wonder that it attracts more and more professional and institutional traders. Unfortunately, the site is presented only in English, which makes it difficult for Russian-speaking users to familiarize themselves with the terms of trade. But at the same time, the interface of the platform is simple and clear, it’s easy to understand how to choose a trading pair and make a deal.

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Regulation of the BeQuant crypto exchange

Like any financial company, a crypto-exchange can turn out to be either good or fraudulent. Next, let’s find out how activities are regulated BiQuant.

Regulator

The crypto-exchange is registered as Bequant Exchange Limited. Its office is located in Malta: 5B, Office 2, Spinola Residence, Spinola Road, St. Julians. STJ 3012, Malta. The headquarters are located in London: 99a Mews St, St Katharine Docks, E1W 1BD, London, United Kingdom. The Company is governed by the laws of Malta and the United Kingdom.

• Read the “User Agreement” on the Bequant website.
• Read the “Privacy Policy” on the Bequant website.

Bequant.io User Agreement

The document begins with a warning about the risks associated with trading in digital assets.

The company has the right to close a user’s account if it considers any information to be inaccurate or irrelevant.

You understand and agree that due to technical problems, market data may be delayed and therefore not reflect the current, real market value of the currency, and that the company is not responsible for this.

The client is fully responsible for all activities performed through his account. Agrees to immediately notify the company of any unauthorized use of the password or member ID, as well as any other breach of security.

The document specifies where to send complaints in case of dissatisfaction with the services of a cryptocurrency.

BiQuant support service

The support team can be contacted as follows:

• email: [email protected];
• feedback form and online chat on the site;
• Phone: +44-0-20-3893-3214 (UK), +356-2778-1481 (Malta);
• Twitter;
• Facebook.

 

Is BeQuant a scam?

Crypto Exchange BeQuant is not a scam or a fraud. This is evidenced by the positive feedback from clients. They write that the platform is simple and understandable even for a beginner, the commissions here are low – for the tickers 0.1% and for the makers 0.01%. Of the disadvantages, note the absence of a Russian-language version of the site. The platform is presented only in English, which complicates familiarization with the trading conditions. Biquant is headquartered in London and has an office in Malta, maintains a competitive remuneration structure attractive to the most influential makers. This increases the overall liquidity of the crypto platform.

The exchange offers an impressive selection of coins with high liquidity. The company supports both cryptocurrency and fiat currency trading. The peculiarity is the use of modern APIs (FIX, REST and Websocket). In May 2019, a new service BeQuant Direct was launched. It offers a low-latency trading platform for institutional and professional traders. Using FIX 4.4 order routing and market data connectivity, traders can perform up to 1,000 transactions per second when logged in. The Biquant Direct platform is capable of handling the most sophisticated trading strategies.

 

Conclusion

BeQuant – is a young crypto exchange created by blockchain professionals. The company does not hide its contacts, it has its headquarters in London and now has an office in Malta. Its activity is regulated by the laws of these states. On the bequant.io platform it is possible to exchange fiat money (dollars, euros, pounds sterling) for cryptocurrencies. If there are any difficulties or questions when working with the platform, you can always contact support. Technical support specialists work in 24/7 mode.