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Review on BKEX by Daniel Stephen

An Exceptional And Ideal Trading Platform

BKEX exchange was esta

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blished in 2018 to provide trading services to Blockchain traders across the globe. It is a trading platform with unique trading attributes making it an attractive hub for digital currency traders. There are several reasons why the BKEX exchange is unique, this includes features like deposit option, security, trading fees, storage, and the Verification process. The deposit option on BKEX gives the flexibility of making use of a variable method to top up one's trading account on the exchange. It supports fiat deposits and cryptocurrency deposits, this allows those who are new to crypto to acquire their first crypto assets by making a direct deposit into their trading account using a bank card, PayPal, Wechat, or Alipay, these are variety of payment options available worldwide. So far there hasn't been any record of a security breach on BKEX. The tight security measure can be attributed to the security infrastructure put forward by the exchange platform to make the exchange immutable to attacks. As a centralized trading platform, BKEX takes custody of users' assets on the exchange and stores them. It uses a cold storage wallet to safeguard the safety of the assets on the exchange, the cold storage allows the exchange to move the user's assets offline hence reducing the chances of the assets being stolen by scammers. BKEX uses a 2-factor authentication and KYC verification system to keep users on the safe side. Enabling to the 2FA authentication using both Google and your email coupled with an identity verification system to avert security vulnerability. The trading fee on BKEX exchange is very competitive compared to the fees on other Centralized exchanges. For all crypto-to-crypto trade executed on the exchange a maker and a taker fee of 0.15% and 0.2% are taken respectively. This makes the transaction very costs effective especially when trading a huge amounts of assets on the exchange. One spectacular feature of the exchange is a seed incubator program. The seed incubator program is a launchpad platform created by the BKEX platform to offer early-stage support and fundraising to startup crypto projects emerging in the market and offer them partnership opportunities to become mainstream projects. Like other major trading platforms, BKEX has its own native utility token BKK, an ERC-20 token with a max supply of 164,450,30 BKK built to pay gas fees on the exchange and also grant users access to decision-making in the BKEX community. The community operates a DAO system to implement major decisions like the trading fee, deposit service, buyback, token listing, and mining tokens to be Supported. It's a professional exchange platform that anyone trading cryptocurrency will find exceptionally useful in their trading journey.

Pros & cons

  • Provides launchpad service
  • Low trading and withdrawal fees
  • Provides an extra layer of security using 2FA and KYC verification
  • It has its own native token
  • None

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