Review on Bingbon by Toprak Dere
About Bingbon
Founded in 2018, Bingbon defines itself as a leading crypto trading platform empowering individual investors to use crypto derivative contracts. Expressing that it was established to be a pioneer and market leader, Bingbon offers not only digital assets but also other financial instruments such as FOREX, indices and commodities to its users.
The products offered by Bingbon can basically be grouped into 2 categories:
Crypto Currencies: Bingbon offers contracts in Tether (USDT) with 12 popular coins including Bitcoin, Ethereum, Chainlink, Litecoin, Bitcoin Cash. For Bitcoin and Etherum, Bingbon also provides reverse contracts that specifically allow users to choose BTC and ETH as the base currency in the contract. The platform states that it will add more crypto to the list to meet the investors' demand.
Different From Cryptocurrencies: Bingbon offers crypto derivatives transactions as the main product, as well as various spot price speculation on several major commodities, including contracts linked to several currency pairs, gold, silver and crude oil.
Bingbon supports depositing with 5 coins, namely BTC, ETH, USDT (TRC-20, ERC-20 and Omni), USD Coin.
As the platform focuses on ease of use, it comes with a simple user-oriented interface rather than a complex one.
On the main page, there are main headings such as “Trade (transaction), Buy Crypto (Buy Crypto), Copy Trade (copy transaction), Exchange (stock market) and Announcement (announcements). Therefore, the user can continue with the option he wants to perform.
Pros
- Considering its user-oriented interface, Bingbon will attract both experienced investors and new investors.
- Bingbon offers its users different levels of leverage depending on the contract being traded.
- a special bonus system for new users
Cons
- withdrawal fees are high
