What is BW.com?
Liquidity
As of the last update on December 2, 2021, BW.com reported a 24-hour trading volume of USD 65 million, a significant decrease from USD 1.05 billion on September 10, 2021, according to Coinmarketcap.com. This decline should be considered when evaluating the platform's liquidity.
Trading View
The trading view on BW.com varies, and users should select the one that aligns with their preferences. Typically, these views display the order book, price chart, and order history. Prospective users are advised to assess the trading view to ensure it suits their individual needs.
Trading Fees
Trading fees are a pivotal factor in selecting a cryptocurrency exchange. BW.com charges a flat fee of 0.20% for both takers and makers, in line with the industry average. It's noteworthy that the industry standard has been shifting towards lower fees, with some exchanges charging as low as 0.10% or 0.15%.
In the context of contract trading, BW.com imposes a fee of 0.075% for takers and 0.025% for makers.
Withdrawal Fees
While BW.com offers competitive trading fees, users need to be mindful of withdrawal fees. The platform charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals, slightly exceeding the industry average of 0.00053 BTC per BTC withdrawal.
Deposit Methods
BW.com exclusively accepts cryptocurrencies as deposit methods. This limitation means that new crypto investors must first purchase cryptocurrencies from another exchange before making a secondary deposit on BW.com to commence trading.
What are the trading fees on BW.com?
Trading fees are a pivotal factor in selecting a cryptocurrency exchange. BW.com charges a flat fee of 0.20% for both takers and makers, in line with the industry average. It's noteworthy that the industry standard has been shifting towards lower fees, with some exchanges charging as low as 0.10% or 0.15%.
Does BW.com offer leverage trading?
BW.com does not currently offer margin trading or leverage options.
Is BW.com 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. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does 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.
