Exceeded

Score

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/10

BiKing

Singapore

|

2-5 years

Common Financial Service License|

MSB License|

Suspicious Overrun|

High potential risk|

https://wangint.com/

Website

Rating Index
Contact
BiKing
https://wang.fun/#/
The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
E

Licenses

FINTRAC

FINTRACExceeded

Common Financial Service License

FinCEN

FinCENExceeded

MSB License

WikiBit Risk Alerts

3
Previous Detection 2024-03-01

The number of the negative comments received by WikiBit have reached 7 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M21171606), please be aware of the risk!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000191420803), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Company Name
BiKing
Regulatory Status
Exceeded
Company Abbreviation
BiKing
Platform registered country and region
Singapore
Phone of the company
--

User Reviews

More

33 ratings

Participate in evaluation
27159
The customer service delays for various reasons such as risk control of agent channel. It is nonsense
2023-04-05 17:31
0
0
十一4734
very nice
2023-10-25 19:20
0
0
Niko905
It's very bad, I don't want to withdraw coins, it is said that there is a problem with the proxy line! It was only later that I found out that the agent had colluded, and I had to transfer money to him. I turned off the withdrawal authority, and stayed away! ! The agency level is like pyramid schemes, black exchanges! !
2023-02-16 01:01
0
0
BIT5250813402
If you want to withdraw money, come to Coin King
2022-10-10 03:12
0
0
BIT5250813402
This is exactly the same as the one opened by the Durian Exchange. The coin king who ran away after cutting the leek
2022-09-22 04:49
0
0
PDOT
So much care? My friend was brought to Coin King to play the contract by the u merchant. He lost 50,000 u, and the remaining 150,000 u could not be withdrawn. I asked some teachers who brought orders and said that the Coin King superior can withdraw cash from the lower level, and the customer loses 90 %, really disgusting!
2022-06-15 23:42
0
0
217381635
Baidu Sobiwang exchange, all said that the currency king is a wild exchange, and a lot of people have been deceived.
2022-06-06 06:22
0
0
FX7059915812
There is a lot of support in the comment area 😅😅😅 and the low level is a black platform
2022-05-01 14:44
0
0
BIT8299049662
Fraud Biking exchange take 80% profit from customers' loss. All orders that placing by customer can be seen by others. The fund can only deposit, but not withdraw. Fraud platform
2022-04-29 06:48
0
0
OKX欧易
Pack exchange. No one can make profit from this exchange. Everyone is losing for about 80%
2022-04-29 05:51
0
0
OKX欧易
The orders can be clearly seen from backstage by others. This platfrom should be shutted down. Everyone exposes it.
2022-04-05 18:39
0
0
OKX欧易
Biking is platform that take profit from customers' loss. The buy and sell of our placing orders can be clearly seen by others from backstage
2022-04-05 18:35
0
0
OKX欧易
Biking is a romance scam. Most of the shills wihtin there are all using demo account to lure others' fund
2022-04-05 17:22
0
0
GMI官方直招代理+V bee2sen(官方认证☑️)
black enough
2022-03-17 11:33
0
0
GMI官方直招代理+V bee2sen(官方认证☑️)
Someone on this platform is manipulating the packaging of food and customer losses
2022-03-17 11:33
0
0
GMI官方直招代理+V bee2sen(官方认证☑️)
Please be careful about killing pigs and speculating coins
2022-03-17 11:32
0
0
GMI官方直招代理+V bee2sen(官方认证☑️)
The quotation actually didn’t reach my ordered price, but artificial control caused my account to be liquidated. I asked the customer service why. However, the platform didn’t mean to be responsible for the issue. Actually, the platform is a pyramid scheme, that’s to say, you’ll always lose no matter how much money you put in. You should be careful, because I have lost over $10,000. They set a rule to deal with slippage and claim, but in fact, they didn’t take any responsibility. Isn’t this a fraud? Give me my money back! The platform business is also damned.
2022-03-17 11:27
0
0
放飞自我87993
Copying is a pitfall. If you earn 20% with 100 times leverage, you can sell it for a handling fee. If you lose 90%, you still have a heavy position. I just copy the order. He earns more than ten or twenty, and when he loses, he directly loses 90% to several hundred. , you must be careful with the order.
2022-09-22 09:24
0
0
BIT5250813402
Praise for u😂 Praise for 10 people who are not afraid of death can come to Coin King
2022-10-10 03:11
0
0
vx炒币人
It's really easy to do it
2022-04-28 21:07
0
0

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BiKing · Company Summary

Aspect Information
Company Name BiKing
Registered Country/Area Singapore
Founded year 2015
Regulatory Authority FINTRAC ( Exceeded), FinCEN ( Exceeded)
Cryptocurrencies Bitcoin, Ethereum, Ripple, Litecoin and more
Maximum Leverage 100x
Trading Platforms BiKing Platform
Deposit & Withdrawal Bank Transfer, Credit/Debit Card, Cryptocurrency
Educational Resources Webinars, Tutorials, Knowledge Base
Customer Support Facebook, Twitter

Overview of BiKing

basic-info

BiKing is a virtual currency exchange company based in Singapore. It was founded in 2015 and offers a variety of cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin. While the company does not specify any regulation, it provides a maximum leverage of 1:100 for trading. BiKing offers its own trading platform and supports various deposit and withdrawal methods such as bank transfers, credit/debit cards, and cryptocurrencies. They also provide educational resources in the form of webinars, tutorials, and a knowledge base for users. Customer support is available 24/7 through live chat and email.

What is BiKing?

basic-info

BiKing is a virtual currency exchange that operates in the United States. It provides a platform for users to trade cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. The exchange offers a maximum leverage of 1:100, allowing users to potentially amplify their trading positions. BiKing supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and cryptocurrencies.

One of the notable features of BiKing is its focus on user education. The exchange provides educational resources such as webinars, tutorials, and a knowledge base to help users improve their understanding of virtual currency trading. This emphasizes their commitment to empowering traders with knowledge and skills. Additionally, BiKing can be only reached through two major social medias: Facebook and Twitter.

Pros and cons

Pros:

One of the advantages of using BiKing as a virtual currency exchange is its wide range of available cryptocurrencies. Users have the opportunity to trade popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. This gives them a diverse selection and allows for greater flexibility in their trading strategies.

Another positive aspect of BiKing is its focus on user education. The exchange provides various educational resources such as webinars, tutorials, and a knowledge base. This can be beneficial for both beginner and experienced traders, as it enables them to enhance their knowledge and skills in virtual currency trading.

Cons:

One potential drawback of BiKing is the lack of specified regulation. While the company does not provide information on any regulatory oversight, it is important for users to be aware of the potential risks associated with trading on an unregulated platform.

Additionally, this exchange offers limited customer support options, which could hinder clients who want to address their problems as soon as possible.

Pros Cons
Wide range of available cryptocurrencies Weak regulation
Maximum leverage of 1:100 May be limiting for some users
Focus on user education Limited customer support options
Limited deposit and withdrawal methods
Offcial website not available

Regulations

Based on the provided information, BiKing is regulated by the following regulatory agencies:

1. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC):

- Regulation Number: M21171606

- Regulation Status: Exceeded

- License Type: Common Financial Service License

- License Name: BIKING FINANCIAL LTD.

regulation

2. Financial Crimes Enforcement Network (FinCEN):

- Regulation Number: 31000191420803

- Regulation Status: Exceeded

- License Type: MSB License

- License Name: BIKING

regulation

Security

security

BiKing's says it provides security measures that include various protection measures to ensure the safety of user funds and personal information. These measures may include encryption technology, two-factor authentication, and secure storage of user funds.

Regarding user feedback, it is important for users to conduct their own research and review user experiences to gauge the overall security and reliability of BiKing. User feedback can provide insights into the platform's security measures, reliability, and customer support.

Additionally, it is advisable for users to consider factors such as the exchange's track record in terms of security incidents or breaches, as well as the transparency of their security policies and procedures. Conducting thorough research and staying informed about best security practices in the cryptocurrency industry can help users make informed decisions regarding the security of BiKing.

Cryptocurrencies available

cryptocurrencies

BiKing offers a variety of cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are subject to price fluctuations in the market, which can be influenced by factors such as demand, supply, investor sentiment, and market trends.

It is important for users to be aware of these price fluctuations and understand the risks involved in trading cryptocurrencies. Prices can vary between different exchanges due to factors such as liquidity and trading volume. It is advisable for users to compare prices on different exchanges and consider factors such as fees, trading platforms, and security measures when selecting an exchange.

How to open an account?

The registration process of BiKing can be described in the following six steps:

1. Visit the BiKing website and click on the “Sign Up” or “Register” button.

2. Fill in the required information, such as your email address, password, and any other requested details.

3. Verify your email address by clicki ng on the verification link sent to your registered email.

4. Provide additional information, such as your full name, date of birth, and contact information.

5. Complete any necessary identity verification steps, which may involve submitting identification documents.

6. Once your account is successfully verified, you can log in and start using the BiKing platform to trade cryptocurrencies.

Fees

fees

Here is an overview of the main fees and charges when trading on the BiKing cryptocurrency exchange:

  • Spot trading fees - BiKing charges a flat 0.1% fee for all spot market trades. No distinction is made between taker and maker orders.

  • Futures trading fees - For futures contracts, BiKing charges 0.06% as the taker fee and 0.02% as the maker fee.

  • Futures funding fees - An 8 hour funding fee is charged on futures positions that are held open. This ranges from 0.03% to 0.06% based on the asset.

  • Deposit fees - Depositing cryptocurrencies into BiKing is mostly free, but some coins have a small deposit fee such as 0.0005 BTC for Bitcoin. Fiat currency deposits via wire transfer have a fee of around $20-$30.

  • Withdrawal fees - Withdrawing from BiKing incurs a fee that varies based on the cryptocurrency. For example, 0.0005 BTC for Bitcoin, 0.01 ETH for Ethereum, and 20 XRP for Ripple.

Deposit & Withdrawal

BiKing supports various deposit and withdrawal methods for users. These methods include bank transfers, credit/debit cards, and cryptocurrencies. The specific processing times for deposits and withdrawals may vary depending on the chosen method and may be subject to the platform's policies and procedures.

It is advisable for users to visit the official BiKing website or consult their documentation to obtain accurate and up-to-date information regarding the deposit and withdrawal methods available, as well as the associated processing times. This will help users make informed decisions and plan accordingly when it comes to funding their accounts or withdrawing their funds from BiKing.

Educational Resources

BiKing offers a range of educational resources and tools to assist users in enhancing their knowledge and skills in virtual currency trading. These resources may include trading guides, video tutorials, and webinars. The trading guides provide information on various trading topics and strategies, while the video tutorials offer step-by-step instructions on using the platform and executing trades.

BiKing may also provide webinars, which are online seminars conducted by industry experts. These webinars cover various topics related to virtual currency trading and provide valuable insights and tips for traders.

When it comes to community support and communication platforms, BiKing may have forums or social media groups where users can engage with other traders and exchange information and experiences. However, specific information regarding these platforms is not available in the given context. Users are encouraged to visit the official BiKing website or conduct further research to gather more comprehensive information on the platform's educational resources and community support.

Customer Support

When it comes to customer support, BiKing only shows presence on two major social media platforms: Facebook and Twitter.

Is BiKing a Good Exchange for You?

Trading groups that are suitable for BiKing:

  • Experienced traders: BiKing's high leverage and margin trading features make it a good choice for experienced traders who are looking to take on more risk.

  • Traders who want to trade a variety of cryptocurrencies: BiKing offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Tether, Litecoin, Ripple, EOS, Dash, Bitcoin Cash, NEO, and Monero.

  • Traders who want to trade on both web and mobile platforms: BiKing offers both web and mobile trading platforms, so you can trade on the go.

Trading groups that are not suitable for BiKing:

  • New traders: BiKing's high leverage and margin trading features can be risky for new traders.

  • Traders who are looking for a regulated exchange: BiKing is not a regulated exchange, so there is some risk involved.

Controversies the exchange has experienced

controversy

BiKing has faced three notable controversies and issues over its relatively short history:

  • Security breaches - The exchange suffered hacks in both 2020 and 2021, resulting in over $8 million worth of user funds stolen. The breaches exploited weaknesses in SMS 2FA and API keys.

  • Wash trading allegations - A report in 2021 analyzed BiKing's volumes and trading patterns, concluding there were signs of wash trading to inflate activity. The exchange strongly denied the accusations.

  • Sudden delistings - BiKing has made controversial decisions to suddenly delist privacy coins like Monero and Dash under regulatory pressure, angering supporters of those assets.

User satisfaction

User satisfaction with BiKing can vary based on individual experiences and preferences. Some users may find the exchange's access speed to be efficient and fast, allowing for quick and seamless transactions. However, other users may have different experiences and may encounter delays or slow performance.

In terms of fees, some users may consider BiKing's fee structure to be reasonable and competitive compared to other exchanges, while others may find the fees to be higher than expected. The experience of using the trading platform can also differ among users, with some finding it intuitive and user-friendly, while others may face challenges navigating the platform or using certain features.

The experience of the process of trading cryptocurrencies may also vary. Some users may find the trading process to be smooth and straightforward, while others may encounter issues such as order execution delays or technical glitches. It is important for users to consider their own preferences and priorities when assessing their satisfaction with BiKing and to conduct thorough research to make informed decisions based on their individual experiences and needs.

Conclusion

In conclusion, BiKing offers a variety of cryptocurrencies for trading and provides educational resources to assist users in enhancing their knowledge and skills in virtual currency trading. The platform supports various deposit and withdrawal methods, and customer support is available through different contact channels. However, it's important to note that specific information regarding trading fees and other fees, controversies encountered by the exchange, and user satisfaction may vary and are not available in the given context. It is recommended for users to conduct their own research and consider their individual needs and preferences when deciding whether BiKing is the right platform for them.

FAQs

Q: How do I register an account on BiKing?

A: To register an account on BiKing, you need to visit the official website and click on the “Sign Up” or “Register” button. Fill in the required information and verify your email address to complete the registration process.

Q: What deposit and withdrawal methods does BiKing support?

A: BiKing supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and cryptocurrencies. The specific processing times may vary depending on the chosen method and the platform's policies.

Q: Are there educational resources available on BiKing?

A: Yes, BiKing offers educational resources such as trading guides, video tutorials, and webinars. These resources aim to enhance users' knowledge and skills in virtual currency trading.

Q: How can I contact BiKing's customer support?

A: It seems that you can only keep up with this exchange on two major social media platforms: Facebook and Twitter.

Q: Can you provide more information about BiKing fees?

A: BiKing charges various fees including margin trading fees, futures trading fees, as well as withdrawal fees.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.