№ 19 | BCEX - Cryptocurrency Exchanger Review CENTRALIZED
BCEX is a Chinese cryptocurrency exchange.
At the time of writing there is no information about who is the owner of this platform. However, through the high volume of market capitalization it can be considered as one of the most reliable trading platform. Anyway, it’s not so easy to start trading on BCEX.
First of all, the user must provide a scan of identity document, specify mobile number and verify it.
Interface on the platform is Chinese and English.
BCEX supports more than 40 crypto-coins, and the majority of them are not popular. The whole market of the cryptocurrency exchange is divided into five sub-markets. Such divisions don’t allow buying cryptocurrencies that are not part of the secondary and it increases the number of iterations and the commission charged by the exchange.
What about the process of trading on the platform, the graph for changing the exchange rate of the currency pair is customizable and have a support of the main indicators. In the options, you can change the theme and the pattern of the indicator.
The trading terminal supports only market orders. The application form immediately shows the commission charged and the value of the asset in Chinese Yuan. To store the cryptocurrency, the platform provides internal wallets.
The English version of interface is difficult because all the hints appears in the Chinese.
Despite it, the trading terminal doesn’t even fit on the display screen. BCEX is a platform, which have a few information about.
Despite the high level of capitalization, there are trading with not popular crypto-currencies and users have to pay a large commissions.
All this can be considered as a bad attitude to the users what is unforgivable for any resource, especially for the cryptocurrency exchange, where people make transactions with their money.
The daily trading volume of BCEX is approximately close to $ 185 millions of dollars. At the time of writing, 42 crypto assets listed on BCEX.
- High level of capitalization;
- High liquidity of assets;
- High level of security with two-factor authentication;
- Not so easy to start trading;
- No fiat pairs;
- The limitation of crypto-pairs;
- Strict KYC and AML Policies;