Review on BiKi by Praise Olagbadun
Although The Exchange Platform Is New, It Seems To Have Good Features
MMost times, people tend to prefer an exchange platform that has been in existence for long. They believe that the exchange platforms that have been in existence for long seems to be better than those that are still new. Well, I just don't think this statement is applicable at all time as I would be reviewing an exchange platform that happens to be new but is among the best exchange platforms I've seen. This exchange platform is known as BiKi.
The BiKi exchange platform is a Singaporean exchange platform that was established in the year 2018, this proves my statement about the exchange platform being new. The exchange platform seems to have impressed me with a lot of things and sharing these stuffs seems nice to me.
First is their trading services. Being an active traders, I tend to check the trading services of an exchange platform, these services might include the fees,their trading platform and even their support team. After going through the BiKi exchange platform well, I've come to a conclusion that they have a really nice trading service. Starting with their trading fees. The BiKi exchange platform charge both parties if a trade a fee of 0.15%, they allow margin and futures trading and have a very easy to understand interface. As for their support team, they look nice although I haven't really checked them too well. The only thing I don't really like about the exchange platform is the fact that although they have their own token, I am yet to find an announcement of their token being able to reduce trading fees. It's not too much of a requirement but I think doing so would be great. The fact that they have a nice range of cryptocurrencies to trade is also quite interesting. Though these crypto pairs are not too much, I guess it's a good score for a new exchange platform like BiKi.
The exchange platform also have the security of their users, being more than a million, at heart. This is proven by the fact that the exchange platform has been able to stay without being hacked for close to three years now. The fact that they even allocate about 20% of their income to savings against unforseen emergencies, majorly a hack, makes it possible for them to make it up with their traders in negative conditions.
Pros
- The exchange platform has a nice interface
- They have trading fee that I find competitive as it is far below the industry's average
- The exchange platform has been able to keep up their security system to avoid a hack ever since inception
- The exchange platform has a nice range of cryptos available for trading
Cons
- I don't seem to see any use case of their token
