No Regulation

Score

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/10

BiKi

Singapore

|

2-5 years

Suspicious Regulatory License|

Medium potential risk|

Subsidiary BiKi

https://www.biki.cc/en_US/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Japan 2.90

Better than 95.56% 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
BiKi
Phone of the company
4006-808-606
Customer Service Email Address
support@getui.com
contact@bikicoin.com

WikiBit Risk Alerts

1
Previous Detection 2024-03-29

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

Website

Genealogy

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Keywords

Time Machine

White Paper

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7 Days

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User Reviews

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2 ratings

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ㅤlife_
I used to have tens of billions of KISHU coins in my account. For some reason I haven’t logged in my account for a month. And I logged in today only to find all coins gone. I don't know how to get my losses back and there is no way to contact the platform's customer service.
2021-10-07 05:21
0
0
LZ16410
Most of the exchange’s popularity is not because of its so-called value, but only refers to the popularity, which is similar to the popularity of entertainment stars, even if the star is surrounded by negative news, you must know that sometimes black can be more popular, such as futures platforms. 58coin, such as the "BIKI" exchange we will expose today. Normally speaking, if the exchange wants to have a long life, many means are to rely on certain packaging, that is, there are excuses to justify it after the harvest, but the "BIKI" exchange is not taking the usual path, and it is crazy to go online. Specially engaged in MLM, harvesting leeks unscrupulously and blatantly, air coins are launched almost every day, and the harvest begins when they are online, and the price of the currency has fallen all the way. Leek wants to set up a principal to fight for network speed. Such an arrogant harvest was of course someone came to clean up. The Securities Times and Caijing.com once criticized the "BIKI" exchange by name, directing them to illegal fundraising and pyramid schemes, and the official public account "Jinan Economic Investigation" also The report was reproduced. In the face of direct exposure from the official media, the CEO of BIKI did something incredible to everyone. Please see the screenshot of the original text of his WeChat circle: Just such a hard-working official media who doesn’t know how to review himself, but is self-righteous. Er didn't figure out the focus and purpose of other people's exposure, acting and directing like a clown. It is understood that you need to pay 15 pie for listing on BIKI, that is, each project must first pay millions of "currency fees" to be eligible for harvesting. BIKI has always adhered to the principle of "news every day". A monthly fee of 30 million yuan can be collected. The project parties are willing to pay such a huge listing fee, of course, not because they are stupid, but because BIKI has an active community with a large number of users, and the listing fee alone has invested millions of dollars. These projects must be in the leek. Attention to the harvest. But the currency circle is such a magical place. You never know whether you are the harvester or the one being harvested. These projects are full of joy and want to enter the market to harvest leeks. They never thought that BIKI's traffic data turned out to be fake. , Leading to the harvest of BIKI in disguise, I must say something here, as expected, "the strong one has a strong middle hand". The CEO of BIKI is so thick-skinned that he can think of the behavior of the team behind BIKI. After the BiKi Exchange and the CWT community reached a listing and joint marketing cooperation, BiKi Commerce established the "BiKi@CWT Listing Working Group" docking group. BiKi founder Li Xiandong, Liusu, Jiang Xiaoyu and other executives were all drawn into the group . Liusu said in the group: "Thank you for your trust, BiKi lives up to its mission and provides the best quality service"; Blair said: "With a clear division of labor, we can provide the most professional services in all aspects." As mentioned above, GUC’s internal price has risen by about 5 times. Some leeks bluntly said that if it is not strong, it may be able to shake for two days. As a result, leeks seem to be the first currency with high enthusiasm and attract 27 flat cakes in two days , I fed the pie directly, and naturally staged a drama that plunged from the highest 1 usdt at the opening to 0.04 U, a drop of more than 80%. Many people have invested more than 100,000 yuan, but now there are only a few thousand dollars left. The principle of principal security that has been adhered to is broken into a disc of sand in front of GUC's unrestrained smashing. Many people are excitedly guarding the line, but they did not expect to face the ground This situation is totally unacceptable, and evidence is being collected to prepare for rights protection. I hope you can invest wisely and don’t trust the financial projects recommended by strangers. However, there will be a day when the funds will collapse. In the currency circle, these funds are even more unscrupulous. Once they encounter it, they will know that it is difficult to defend their rights.
2020-12-25 17:48
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0
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.

Overview

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.

Security

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.

Cryptocurrencies Available

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.

  • Open Account

    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
    Payment Methods

    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.