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Review on BEX by Ali Huseynov

Revainrating 2 out of 5

Bex : new and has some platform flows on it.

Bex is a global cryptocurrency derivatives trading platform established at the end of 2017. The company is registered in Saint Vincent and the Grenadines. Bex has offices in Singapore, Japan, the United States and Brazil, and is expanding globally. As far as we know, American investors can trade here. Most people conduct business on the desktop. However, there are also many people who prefer to invest in cryptocurrency through mobile devices. If you are one of these people, you will be happy to know that Bex is also available as a mobile application. You can download it from AppStore and Google Play. Bex provides 100 times leveraged trading on its trading platform. This means that you can get a greater risk exposure of a certain cryptocurrency price rising or falling without the necessary assets. You do this by "utilizing" your trades. In simple terms, this basically means that you borrow money from the exchange to place more bets. For example, suppose you have 10,000 USD in your trading account, and you bet 100 USD on long BTC (that is, an increase in value). It uses 100 times leverage. If the value of BTC increases by 10%, if you only bet $100, you will win $10. By betting 100 US dollars with 100 times leverage, you instead won an additional US$1,000 (US$990 more than a trade that did not take advantage of you). On the other hand, if the value of BTC drops by 10%, you will lose $1,000 ($990 more than if the transaction were not utilized). Therefore, you can imagine that the balance between risk and return in leveraged trading is very tight. Bex provides each registered user with 10 BTC for free to perform the demo operation. Currently only a few exchanges provide simulated trading, so it is very suitable for beginners, you can try different strategies according to your preferences. Here are some outstanding features. Without spending any real money, you can test your strategy and form your own trading style without risk. If you are a beginner in cryptocurrency, practicing opening and closing positions, applying stop losses and limit prices is the best way to familiarize yourself with the market. Also, you can view margin requirements and track profit and loss. If you are an advanced cryptocurrency trader, you can accumulate technical analysis and methods by trading different currency pairs and testing different portfolios in the simulator, which can strengthen your basic skills. By taking notes and analyzing your trading performance, you can correct your mistakes and form your trading strategy before you start using real money. It gives you the opportunity to control and train your emotions. Through long-term simulated trading, you can observe yourself in the process, find out what type of investor you are, and adapt, helping to establish a stable mood and attitude towards the real market. In short, practicing in the trading simulator is actually a kind of emotional management training and accumulation of experience. Different transactions have different business perspectives. And there is no "this overview is the best" view. You must determine the business vision that best suits you. What these views usually have in common is that they all display the order book or at least part of the order book, the price chart of the selected cryptocurrency, and the order history. Usually they also have trading boxes. Before choosing an exchange, try to check the trading view to make sure it works for you. The exchange collects what we call policyholder fees from policyholders and what we call manufacturer fees from manufacturers. The taker is the person who removes liquidity from the order book by accepting an order that has already been placed. The manufacturer is the person who places these orders. The main alternative to this is to simply charge a "fixed" fee. A fixed fee means that the exchange charges the buyer and the manufacturer the same fee. The exchange offers a fixed fee of 0.075% per transaction. Most exchanges that offer derivatives trading actually charge a 0.075% taker fee. Bex also charges 0.075% of the manufacturer's fee. Regarding manufacturer fees, there are many exchanges on our exchange list that offer discounts or even negative manufacturer fees. When withdrawing BTC from the Bex trading platform, you will have to pay 0.0005 BTC. As far as we know, the only empirical research on withdrawal fees is research that we have conducted at Cryptowisser.com over a period of time. Research shows that the industry average BTC withdrawal fee is approximately 0.0006 BTC per BTC withdrawal. Therefore, the Bex withdrawal fee is slightly lower than the global industry average BTC withdrawal fee. In short, the transaction fees and withdrawal fees charged by the platform are very competitive. To trade here, you must have cryptocurrency to start. The only asset class you can deposit in Bex is Bitcoin. However, if you really like Bex but don’t have BTC, you can easily open an account on an exchange with a “fiat ramp”, buy cryptocurrency there, and then The exchange transfers the exchange to this exchange. Use our exchange filter to easily see which platforms allow bank transfers or credit card deposits. It may also be worth mentioning here that there is no KYC on Bex, which means that the platform does not collect any personal information from its users. BINEX.TRADE is a password currency exchange that allows users to trade multiple password coins on USDT, INRT, BTC and base token BEX. It is unique in that it shares the 70% commission earned from trading these pairs with the owner of the daily token. The teams behind Bex are Singapore, Japan, the United States, and Brazil. The company is registered with Saint Vincent and the Grenadines, a common country for businesses to avoid tax, regulatory and legal proceedings. But Bex looks like a legitimate exchange that provides a trading environment where traders can speculate on leveraged digital currencies. Information on regulatory and legal compliance in the country in which the exchange operates and the address of each office to confirm its existence are restricted. Visitors need to perform due diligence before trading or use the best leveraged trading platform.

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