What is BCEX?
BCEX, a cryptocurrency exchange headquartered in Hong Kong, has been actively facilitating trading since 2017. The exchange is part of a larger group that includes a futures exchange and a decentralized exchange (DEX). BCEX boasts partnerships with several well-known entities, enhancing its position in the market.
Global Restrictions
Despite its global presence, BCEX restricts US investors from participating in trading activities on its platform. US-based traders are advised to explore alternative exchanges, utilizing tools like the Exchange Finder to identify suitable alternatives.
Trading View
BCEX provides users with a customizable trading view, offering features like order book display, price charts, and order history. Traders are encouraged to assess the platform's interface to ensure it aligns with their preferences and requirements.
Trading Fees
BCEX employs a fee structure differentiating between makers and takers in the market. Takers are subject to a 0.20% fee, aligning with industry averages. Makers, on the other hand, benefit from a reduced fee of 0.10%, incentivizing the provision of liquidity to the market.
Withdrawal Fees
For withdrawals, BCEX imposes a fee of 0.0009 BTC on BTC withdrawals.
Fee Assessment
While BCEX's trading fees generally align with global industry averages, some may find them slightly above average. Traders should consider these fees in their overall assessment of the exchange's suitability.
Deposit Methods
BCEX exclusively accepts cryptocurrency deposits, limiting options for new investors without existing holdings. Prospective users must acquire cryptocurrencies from other sources before initiating the trading process on BCEX.
What are the trading fees on BCEX?
BCEX employs a fee structure differentiating between makers and takers in the market. Takers are subject to a 0.20% fee, aligning with industry averages. Makers, on the other hand, benefit from a reduced fee of 0.10%, incentivizing the provision of liquidity to the market.
Does BCEX offer leverage trading?
BCEX does not currently offer margin trading or leverage options.
