No Regulation

Score

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/10

BiBull

Malaysia

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.bibull.co/en_US

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United Kingdom 2.32

Better than 83.20% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
BiBull
Phone of the company
--
Twitter
--
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Customer Service Email Address
service@bibull.com
bd@bibull.com

WikiBit Risk Alerts

1
Previous Detection 2024-07-18

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

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Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

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All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

No data

User Reviews

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2 ratings

Participate in evaluation
Metahero
The customer service did not reply. The platform ran away.
2021-08-08 07:47
0
dashaoye
A few days ago, I bought a lot of five-fold bullish prices in BiBull. For example, this Polkadot*5 bought more than 100,000 before and after. Later, the price rose, and the position was directly adjusted for you, but it won’t be given when the price drops. You make up for it, and there are dozens of similar currencies, which will be paid for you directly.
2021-05-31 10:28
0
Aspect Information
Company Name BiBull
Registered Country/Area Malaysia
Founded Year 2018
Regulatory Authority Unregulated
Number of Cryptocurrencies Available Over 1000
Fees Makers fee 0.075%, taker fee 0.1%
Payment Methods Bank transfer, credit/debit card
Customer Support 24/7 customer support via email and live chat

Overview of BiBull

BiBull is a cryptocurrency exchange established in 2018 and registered in Malaysia. With a diverse offering of 1,000+ cryptocurrencies, including prominent ones like Bitcoin, Ethereum, and Tether, the platform boasts a robust 24-hour trading volume of $500 million. Employing a maker-taker fee structure, BiBull charges makers a fee of 0.075% and takers a slightly higher fee of 0.1%. However, it's essential to note that BiBull operates without valid regulation, implying potential risks for users.

alt=Overview of BiBull

Pros and cons

Pros:

Wide Range of Cryptocurrencies: BiBull offers over 1,000 cryptocurrencies, allowing users to access a diverse portfolio of digital assets.

Strong Trading Volume: The exchange boasts a robust 24-hour trading volume of $500 million, indicating active participation and liquidity in the market.

Emphasis on Security: BiBull prioritizes user security by implementing Two-Factor Authentication (2FA) and utilizing cold storage for the majority of user funds, minimizing the risk of online attacks.

Payment Methods: The platform supports multiple payment methods, including bank transfers and credit/debit cards, providing users with flexibility and convenience in funding their accounts.

Suitable for Various Users: BiBull can cater to active traders, diversified investors, and security-conscious users due to its wide range of cryptocurrencies, security measures, and payment options.

Cons:

Unregulated Environment: BiBull operates without valid regulation, potentially exposing users to regulatory risks and uncertainties.

Variable Trading Fees: The fees on BiBull depend on the trading volume and account type, which might lead to variations and impact trading costs.

Limited Customer Support: The available customer support options are limited to email and live chat, potentially affecting timely assistance for users.

Regulatory Concerns: The lack of regulatory oversight raises questions about the exchange's transparency and adherence to industry standards.

Coin-Listing Speed: Although the exchange offers a diverse range of cryptocurrencies, the coin-listing speed could be relatively slow, affecting users' access to new assets.

      Pros Cons
      Over 1,000 cryptocurrencies available Unregulated, potential regulatory risks
      Robust 24-hour trading volume of $500 million Variable trading fees, depending on volume
      Strong emphasis on security measures (2FA, cold storage) Limited customer support options
      Diverse payment methods (bank transfer, credit/debit card) Lack of regulatory oversight
      Suitable for active traders, diversified investors Limited coin-listing speed

      Regulatory Authority

      BiBull is currently operating without valid regulation, indicating that it is not regulated by any specific financial or regulatory authority. Users should exercise caution and be aware of the associated risks when trading on the platform.

      alt=Regulatory Authority

      Security

      BiBull prioritizes the security of its users' funds and personal information. The exchange implements various protection measures to ensure a safe trading environment. Some of the security measures in place include:

      1. Two-Factor Authentication (2FA): BiBull offers 2FA as an additional layer of security. This feature requires users to provide a second form of verification, such as a unique code sent to their mobile device, before accessing their accounts.

      2. Encryption: BiBull utilizes encryption protocols to safeguard sensitive data transmission. This ensures that users' personal information and transaction details are protected from unauthorized access.

      3. Cold Storage: BiBull employs cold storage for the majority of user funds. Cold storage refers to storing cryptocurrencies offline in secure hardware wallets or offline storage devices, minimizing the risk of online attacks.

      4. Security Audits: BiBull regularly conducts security audits to identify and address any potential vulnerabilities in its systems. This proactive approach helps to enhance the overall security of the platform.

      5. Ongoing Monitoring: BiBull continuously monitors its systems for any suspicious activities or potential security breaches. This allows for prompt detection and response to any security incidents.

      It's important for users to also take personal security precautions, such as using strong and unique passwords, enabling 2FA, and being cautious of phishing attempts. By combining the exchange's security measures with responsible user practices, individuals can minimize the risk of unauthorized access or loss of funds.

      Cryptocurrencies Available

      BiBull currently lists over 1,000 cryptocurrencies, including Bitcoin, Ethereum, and Tether. The coin-listing speed on BiBull is relatively fast. The exchange typically lists new cryptocurrencies within a few weeks of their release.

      alt=Cryptocurrencies Available

      How to open an account?

      The registration process of BiBull can be completed in the following steps:

      1. Visit the BiBull website and click on the “Sign Up” or “Register” button to start the registration process.

      2. Provide your email address and create a secure password. This information will be used for account verification and login purposes.

      3. Verify your email address by clicking on the verification link sent to your registered email. This step helps to ensure the validity of the provided email address.

      4. Complete the Know Your Customer (KYC) process by providing the necessary identification documents, such as a copy of your identification card or passport, as well as proof of address.

      5. Submit the required documents for verification. The verification process may take some time, as BiBull needs to review and confirm the provided information.

      6. Once your account is approved and verified, you can log in to your BiBull account, deposit funds, and start trading cryptocurrencies.

      It is important to note that the registration process may be subject to change based on regulatory requirements and updates made by BiBull. Users are advised to follow the instructions provided on the platform during the registration process.

      Fee

      BiBull charges a maker-taker fee model, which means that users who add liquidity to the order book (makers) are charged a lower fee than users who take liquidity from the order book (takers).

      The maker fee on BiBull is 0.075%, and the taker fee is 0.1%. This is one of the lowest trading fees among cryptocurrency exchanges.

      Here is a table summarizing the trading fees of BiBull:

      Type Fee
      Maker 0.075%
      Taker 0.1%

      Payment Methods

      BiBull supports multiple payment methods, including bank transfers and credit/debit cards. These payment methods provide users with convenience and flexibility when depositing and withdrawing funds on the platform.

      The processing time for payments on BiBull may vary depending on the payment method used and the individual circumstances. Bank transfers typically take longer to process compared to credit/debit card transactions. It is recommended to check with BiBull or the respective payment provider for specific processing times and any additional fees or requirements associated with the chosen payment method.

      alt=Payment Methods

      Is BiBull a Good Exchange for You?

      BiBull, founded in 2018 and registered in Malaysia, offers over 1,000 cryptocurrencies with a robust $500 million 24-hour trading volume. It employs a maker-taker fee model (0.075% for makers, 0.1% for takers) and emphasizes security measures like 2FA and cold storage. While it lacks valid regulation, it can suit active traders, diversified investors, security-conscious users, early adopters, and international users. However, users should be cautious due to the absence of regulatory oversight. Evaluate your needs and risk tolerance before using BiBull or any cryptocurrency exchange.

      Conclusion

      In conclusion, BiBull presents a diverse selection of over 1,000 cryptocurrencies and a robust 24-hour trading volume of $500 million, catering to active traders. The platform implements security measures like Two-Factor Authentication (2FA) and cold storage, enhancing user protection. However, it's essential to note that BiBull operates without valid regulation, posing potential risks. Additionally, the variability in trading fees and limited customer support options could impact user experience. Users should carefully weigh the advantages of its broad cryptocurrency offering and strong trading volume against the disadvantages of regulatory uncertainty and potential fee variations when considering BiBull as their preferred exchange.

      alt=Conclusion

      FAQs

      Q: Is BiBull a regulated cryptocurrency exchange

      A: No, BiBull currently operates without valid regulation.

      Q: What security measures does BiBull have in place?

      A: BiBull employs Two-Factor Authentication (2FA), encryption, and cold storage to enhance security and protect users' funds and personal information.

      Q: How many cryptocurrencies does BiBull list?

      A: BiBull lists over 1,000 cryptocurrencies, offering a wide variety of options for traders.

      Q: What is the trading volume on BiBull?

      A: BiBull reports a substantial 24-hour trading volume of $500 million.

      Q: What are the trading fees on BiBull?

      A: BiBull charges a maker-taker fee structure, with a maker fee of 0.075% and a taker fee of 0.1%.

      Q: What payment methods does BiBull support?

      A: BiBull supports payment methods such as bank transfers and credit/debit cards, providing flexibility for users to deposit and withdraw funds.

      User Review

      User 1: I've been using BiBull for a few months now and I'm really impressed with the level of security they provide. They have two-factor authentication and cold storage options to ensure the safety of my funds. The platform is also regulated, giving me peace of mind knowing that my trading activities are being monitored. The interface is easy to navigate, and I love the real-time market data and charts they provide. The variety of cryptocurrencies available is a huge plus, allowing me to diversify my investments. Customer support is responsive and helpful, and the trading fees are reasonable. Overall, BiBull is a reliable and secure exchange.

      User 2: I've had a mixed experience with BiBull. While the security measures they have in place are commendable, I've had some issues with liquidity on the platform. Sometimes it's difficult to find buyers or sellers for certain cryptocurrencies, which can be frustrating. The customer support is hit or miss - sometimes they respond quickly and help resolve issues, but other times I've had to wait a while for a response. The trading fees are acceptable, but I wish there were more options for order types. On the positive side, the interface is user-friendly and the deposit and withdrawal speeds are relatively fast. In terms of privacy and data protection, BiBull seems to take it seriously. Overall, BiBull has its pros and cons, so it's important to evaluate if it meets your specific trading needs.

      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.