Review on Bibox by Fanuel PORPORTY
BIBOX EXCHANGE: An alternative to BINANCE?
Bibox was launched in November 2017 and is now a platform for exchanging high-quality digital assets. It innovated by stabilizing transactions and simplifying operations by introducing artificial intelligence (AI) for the first time in the exchange of digital assets. The Bibox exchange is widely praised by experts and users for its fair, transparent, secure and stable functionality. The huge contribution to the development of this platform was made by the management team which worked successfully on the Chinese exchanges OKCoin and Houbi. It is specified that the platform is capable of processing 10 million transactions per second.
Bibox is said to have raised at least $ 48 million through ICO, although company officials say the figure was even higher. The exchange supports more than 100 cryptocurrencies. The trading pairs are based on the BTC, ETH, USDT, DAI and BIX (native Bibox token) markets.
Pros
- Like many other exchanges, the Bibox platform also offers excellent mobile ergonomics for iOS and Android phones.
- Bibox trading fees are 0.10% for all transactions.
- As this platform is decentralized, we think it should be given a security rating of A
Cons
- The exchange is not regulated.
- It is extremely difficult to get information about the team behind the project.
- The platform does not accept fiat money (euro, dollar, etc.) and has not explicitly planned to accept it in the near future.
