BigONE

What is BigONE?

BigONE is a global centralized cryptocurrency exchange, established in 2017, that has carved a niche in the crypto trading landscape by offering a secure and user-friendly platform for trading over 150 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Polkadot (DOT), and its native BigONE Token (ONE). Registered in the Seychelles, with operational presence in Singapore, the Netherlands, Russia, Brazil, Vietnam, Japan, and Indonesia, BigONE serves millions of users worldwide, with a reported 24-hour trading volume of approximately $1.43 billion as of recent data. The platform is particularly noted for its extensive range of trading pairs (over 570) and its focus on both mainstream and exotic altcoins, making it appealing to traders seeking diversity.

BigONE supports a variety of trading options, including spot trading, margin trading (for select pairs like BTC, ETH, BCH, and EOS), and perpetual futures with leverage up to 100x, catering to both novice and experienced traders. Its user-friendly interface, available on web and mobile apps (iOS and Android), simplifies navigation, while advanced tools like quantitative trading leaderboards and leveraged ETF rankings enhance strategic trading. The exchange’s native ONE token, an ERC-20 token with a circulating supply of 8.6 billion and a maximum supply of 13.5 billion, is used for transaction fees, staking, yield farming, and loans, adding utility to the ecosystem. BigONE’s mobile app is highly rated for convenience, though it lacks fiat on-ramps, operating as a crypto-to-crypto platform with OTC trading options via Alipay and WeChat Pay.

Security is a cornerstone of BigONE’s operations, with a claimed 100% reserve ratio, cold and hot wallet storage, and two-factor authentication (2FA) for logins, withdrawals, and sensitive operations. The platform has no reported major hacks since its inception, a rarity in the crypto space, though concerns persist about its anonymity—little is known about its founders or leadership. BigONE adheres to principles of integrity, professionalism, safety, and win-win cooperation, but a 2018 investigation by Hacken.AI raised questions about potential volume manipulation, suggesting its reported trading volumes may be inflated compared to user activity on platforms like Twitter. Regulatory compliance is less clear, as the exchange does not serve U.S. residents and operates in jurisdictions with lighter oversight, which may appeal to privacy-focused users but raises risks in stricter markets.

Despite these concerns, BigONE’s strengths lie in its robust coin selection, competitive fees, and innovative features like mining pools for 14 coins with high annualized returns. Recent social media activity highlights its engagement with the crypto community, promoting tools like leveraged ETFs and trading leaderboards. However, its lack of fiat support, mandatory KYC for certain operations, and limited transparency about reserves or third-party audits may deter cautious traders. For those prioritizing accessibility, altcoin variety, and high-leverage trading, BigONE is a compelling option, but users should exercise diligence given its centralized nature and regulatory ambiguities.

What are the trading fees on BigONE?

BigONE charges a flat trading fee of 0.20% for spot trading for both makers and takers at the entry-level (Bronze) membership, which is slightly above the industry average of 0.10%–0.15% for centralized exchanges. For futures trading, fees are 0.06% for takers and 0.02% for makers, aligning with or slightly under industry norms. Higher membership levels (Silver, Platinum, Diamond, Challenger), achieved through trading volume or referrals, offer discounts, with top-tier fees as low as 0.10% for spot trading. Withdrawal fees are competitive, at 0.0005 BTC per BTC withdrawal, below the industry average of 0.0006–0.0008 BTC. Users should check BigONE’s fee schedule for real-time rates and pair-specific details.

Does BigONE offer leverage trading?

Yes, BigONE offers leverage trading through its margin trading and perpetual futures platforms. Margin trading is available for select pairs like BTC, ETH, BCH, and EOS, with leverage up to 5x, while perpetual futures support leverage up to 100x for a broader range of assets. These options allow traders to amplify returns but carry significant risks, including potential liquidation. Leverage availability may vary by region and asset, and users should use risk management tools like stop-loss orders.

Is there a research audit report for BigONE?

BigONE claims to maintain a 100% reserve ratio and uses cold and hot wallet storage, but it does not publicly disclose comprehensive third-party audit reports or detailed proof-of-reserves data. Exchange reserve data is listed as unavailable on platforms like CoinMarketCap and CoinGecko, raising transparency concerns. While BigONE emphasizes security and has no history of major hacks, the lack of verifiable audit reports may worry users seeking full accountability. Traders should monitor BigONE’s official channels for updates on reserve transparency or audits and consider this limitation when assessing risk.

Is BigONE safe?

While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. It's all based on contract code so you can clearly look at what's behind the scenes, and how their contracts work.

Does BigONE have customer support?

Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.