Review on BlueHelix Exchange (BHEX) by Toprak Dere
About BlueHelix Exchange (BHEX)
BHEX is a cryptocurrency exchange launched in December 2018. The exchange describes itself as "the leading technology-oriented cryptocurrency trading platform". BHEX stands for Blue Helix Exchange.
Today, BHEX enables crypto to crypto trading, continuous contract trading, options contracts, OTC trading and asset management, among other trading and investment services.
The main purpose of BHEX is to offer crypto-crypto trading and futures trading in a minimally regulated environment.
Despite being launched in December 2018, BHEX has become one of the largest exchanges in the crypto world. The exchange regularly has a trading volume of more than $ 300 million every 24 hours and is among the top 50 cryptocurrency exchanges in the world by transaction volume.
The main features of BHEX are:
1-Trade Transaction Fees: BHEX charges 0.10% construction fee and 0.10% purchase fee. While this is similar to the fees paid on less regulated exchanges, it is cheaper than an average cryptocurrency exchange (0.10% to 0.15% is the industry standard for crypto-to-crypto exchanges).
2-Own Token: BHEX has its own local utility token called BHEX Token (BHT). This token is an ERC20 token that can be used to reduce the fees for business transactions at BHEX.
3- Backed by more than 50 Institutional Investors: BHEX was launched in December 2018, but has become one of the industry's largest crypto exchanges. One reason for this success is corporate support. It is backed by 56 institutional investors, including giant crypto exchanges such as BHEX, Huobi and OKEX.
4-Asset Custody and Clearing: BHEX has developed decentralized asset storage and exchange technology solutions called Bluehelix based on blockchain technology and community consensus mechanism. Combining cryptology and blockchain technologies, Bluehelix solutions fully support a decentralized community management mechanism from a technology perspective; solutions help establish a reliable and efficient asset storage and clearing system, thus aiming to solve the reliability and security problems in the sector.
5-Desktop Application: If you do not want to use the BHEX browser platform, you can also download the BHEX desktop application for Windows and Mac OS.
6-Mobile Applications: BHEX offers mobile applications for IOS and Android.
7-Fiat OTC Trading: BHEX has an OTC market where anyone can trade to keep it away from larger stock market orders. Most of the USDT and BTC offers are in Chinese Yuan (CNY). One of the biggest advantages of using the BHEX OTC feature is that you do not pay transaction fees on any OTC transaction.
8-Multi-Language Support: BHEX can be used in seven different languages including English, Russian, Turkish, Vietnamese, Korean, Japanese and Chinese.
9-CUSTOMER SERVICE: BHEX has surprisingly good customer service. The company provides customer service by live chat directly on BHEX.com. You can also submit a more formal customer service request via BHEX's Zendesk page.
Updated 3 years ago
Rating has not been changed
BHEX is closely linked to Huobi for good reason: The exchange was founded by Ju Jianhua, Huobi's former CTO. James is a senior technologist. He has extensive experience in Finance, Internet security, Cryptology and Blockchain technology. He served as Vice President of Technology at X Financial from 2017-2018. During his tenure, X Financial (XYF) was successfully listed on the New York Stock Exchange. He served as the CTO of Huobi Global from 2014 to 2017. He led the team and created the core trading platform of Huobi Pro. He was formerly the CTO of well-known Internet companies like Damai.com and founded the SaaS ticketing system of Damai.com, China's largest ticketing site.
Pros
- user friendly interface
- supported by many Institutional Investors
- customer support and advanced security options
- Low Trading Fee System
- HODL & Earn
- There are no deposit or withdrawal fees associated with it except a low trading fee of 0.2%
Cons
- BHEX cannot be used by American investors. As mentioned above, BHEX is mostly popular with Chinese crypto investors and American users are officially restricted from trading on the platform.
