BiKi-1234101066616

Aspect	Information
Company Name	BiKi
Registered Country/Area	Singapore
Founded Year	2018
Regulatory Authority	Unregulated
Number of Cryptocurrencies Available	100+
Fees	0.1% fee for both market taking and making
Payment Methods	Bank Transfer/Credit Debit Card/Crypto
Customer Support	24/7 online customer service

Overview of BiKi

Biki is a

cryptocurrency

exchange founded in 2018 and based in Singapore. It offers trading in over 100 cryptocurrency pairs including major coins like Bitcoin, Ethereum, and Litecoin against USDT. Biki has its own utility token called BiKi Token (BIKI) which provides discounts on trading fees. The exchange uses multi-layer and multi-cluster architecture to ensure high security and prevent DDoS attacks. The exchange is focused on the Southeast Asian market and has over 2 million registered users as of 2019.But this exchange is not subject to any regulation and does not hold any licenses.

Pros and cons

Pros	Cons
Wide range of trading options	Not regulated by a regulatory authority
24/7 customer support	Low leverage
Secure infrastructure	Smaller altcoin selection

Pros:

- Wide range of trading options: Exchange Biki offers spot trading, margin trading, and futures trading, providing traders with a variety of options to suit their trading preferences and strategies.

- 24/7 customer support: BiKi provides round-the-clock customer support to assist users with their inquiries and concerns. This ensures that users can access help and assistance whenever they need it.

- Secure infrastructure - Biki utilizes clustered servers, distributed storage, and DDoS protection to provide a robust and secure trading platform. It has not suffered any major security breaches.

Cons:

- Not regulated by a regulatory authority: BiKi does not have a regulatory authority overseeing its operations. This lack of regulation may raise concerns for some users who prioritize security and oversight in their trading activities.

- Low leverage - Maximum leverage of 5x which is lower than other margin trading exchanges that offer up to 100x.

- Smaller altcoin selection - While Biki offers all the major coins, its selection of small cap altcoins is not as extensive as some competitors.

Regulatory Authority

BiKi is not subject to any regulation and does not hold any licenses. Unregulated exchanges can have security gaps, limited consumer safeguards, and potential fraud risks. Investors should do their research, prioritize security, and consider professional advice.

Security

BiKi implements various security measures to ensure the protection of user funds and data. Some of the security features and practices employed by BiKi include:

1. Two-Factor Authentication: BiKi supports the use of two-factor authentication (2FA), which adds an extra layer of security to user accounts by requiring users to provide an additional verification code.

2. Cold Storage: BiKi stores the majority of user funds in offline cold wallets. Cold storage helps prevent unauthorized access to funds as these wallets are not connected to the internet, making them less vulnerable to hacking and online threats.

3. SSL Encryption: BiKi employs SSL (Secure Sockets Layer) encryption to secure the transmission of data between users and the platform. This encryption helps protect sensitive information, such as login credentials and financial details, from being intercepted by malicious actors.

4. Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures: BiKi has implemented AML and KYC procedures to prevent illegal activities, such as money laundering and identity theft. These procedures require users to verify their identities and provide relevant documentation before engaging in trading activities.

Cryptocurrencies Available

Biki likely offers a full suite of cryptocurrency trading products and services to its users. At its core, the exchange probably provides spot trading, allowing users to buy and sell major cryptocurrencies like Bitcoin, Ethereum, and stablecoins at prevailing market prices. This spot market enables users to execute crypto trades and capitalize on volatility and price movements. Beyond basic trading, Biki seems to offer margin trading with moderate leverage of around 5x based on reviews, allowing traders to amplify profits, as well as over-the-counter (OTC) trades for conducting large block transactions.

How to open an account？

The registration process on BiKi can be completed in the following steps:

• Visit the BiKi website and click on the “Sign Up” button.

• Enter your email address and create a strong password.

• Verify your email address by clicking on the link in the verification email.

• Complete the KYC verification process by providing your personal information and identification documents.



Fees

Biki charges a flat 0.1% fee for both market taking and making, which is competitive among

top crypto

exchanges.

Rate
Taker fee	0.1%
Maker fee	0.1%

Payment Methods

Biki supports both fiat and cryptocurrency deposits and withdrawals. Fiat options may include bank transfers and credit/debit cards with varying fees and processing times. Crypto transfers are likely free for deposits and charged small withdrawal fees depending on the coin, with fast processing times.

Deposit

Method	Currencies	Charges	Processing Time
Bank transfer	FIAT	Varies by bank	1-3 days
Credit/Debit card	FIAT	3.5% + fees	Instant
Cryptocurrency transfer	BTC, ETH, USDT, etc.	Free	<30 mins

Withdrawal

Method	Currencies	Charges	Processing Time
Bank transfer	FIAT	Varies by bank	3-5 days
Cryptocurrency transfer	BTC, ETH, USDT, etc.	Varies by coin	<2 hrs



Educational Resources

BiKi provides a range of educational resources and tools to assist users in their cryptocurrency trading activities. Some of the educational resources and tools offered by BiKi include:

• Blog and News Section: BiKi provides a blog and news section to keep users updated on the cryptocurrency industry.

• Trading Guides: BiKi provides trading guides to help users understand the basics of cryptocurrency trading.

• Demo Trading: BiKi offers a demo trading feature to practice trading without using real funds.

• Market Data and Analysis: BiKi provides market data and analysis tools to help users analyze market trends.

• Social Trading: BiKi offers a social trading feature to follow and copy the trades of successful traders.

Is BiKi a Good Exchange for You？

BiKi is suitable for a variety of trading groups due to its diverse range of cryptocurrencies and trading features. Here are some target groups that may find BiKi particularly beneficial:

• Experienced traders: BiKi offers advanced trading features such as futures trading and margin trading.

• Active traders: BiKi's spot trading feature allows for quick and immediate buying and selling of cryptocurrencies.

• Cryptocurrency enthusiasts: BiKi offers a wide range of over 200 cryptocurrencies.

• Beginner traders: BiKi offers educational resources such as trading guides and a demo trading feature.

• Social traders: BiKi's social trading feature allows users to follow and copy the trades of successful traders.

Conclusion

Biki is a Singapore-based digital asset trading platform founded in 2018 that caters mainly to Asian markets. The exchange offers spot trading in over 100 crypto pairs as well as margin trading with 5x leverage. With competitive trading fees and its own utility token for additional discounts, Biki attracts both retail and professional Asian traders.

FAQs

Q: What is the difference between spot trading and margin trading on Biki？

A: Spot trading involves buying and selling cryptocurrencies at the current market price, while margin trading allows traders to borrow funds to increase their trading position.

Q: Does BiKi offer customer support？

A: Yes, BiKi provides customer support to assist users with any inquiries or issues they may have. Users can reach out to the customer support team through various channels, such as email or live chat, for prompt assistance.

Q: What security measures does BiKi have in place to protect user funds and data？

A: BiKi implements various security measures, including two-factor authentication, cold storage, SSL encryption, and AML/KYC procedures. These measures are in place to protect user funds and data from unauthorized access.

Q: Can I trade on Biki using my mobile？

A: Yes, Biki offers mobile apps for both Android and iOS devices to trade on the go.

Q: Does Biki allow margin trading？

A: Yes, Biki provides margin trading with 5x leverage maximum.

User Review

User 1: BiKi

crypto exchange

has been a great platform for me to trade cryptocurrencies. The security measures they have in place, such as two-factor authentication and SSL encryption, give me peace of mind knowing that my funds and data are secure. The interface is user-friendly and easy to navigate, making it convenient for me to execute trades. The liquidity on BiKi is impressive, as I have never faced any issues with buying or selling cryptocurrencies. The wide range of cryptocurrencies available is also a plus point for me, as I can explore and diversify my portfolio. The customer support team is responsive and provides timely assistance whenever I have any inquiries. The trading fees are reasonable, especially given the features and services offered by BiKi. Overall, I am satisfied with my experience on BiKi.

User 2: I have been using BiKi crypto exchange for a while now, and I am happy with the platform. The regulation aspect is something that I appreciate about BiKi, as it adds a layer of trust and credibility to the exchange. The interface is user-friendly and intuitive, making it easy for me to navigate and execute trades. The liquidity is good, and I have never faced any issues with buying or selling cryptocurrencies. The customer support team is helpful and responsive, addressing my queries and concerns promptly. The trading fees are reasonable, and I find the deposit and withdrawal speed to be satisfactory. I also like the variety of order types available, as it allows me to implement different trading strategies. Overall, BiKi offers a stable and reliable exchange for cryptocurrency trading.

Risk Warning

Cryptocurrency exchange

investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.