Bkex is a digital asset platform where users can buy and sell spot crypto or engage in leveraged trading with crypto derivates. Bkex supports crypto-earning products, crypto staking, and even crypto mining in addition to being a crypto trading platform. The Bkex account registration process is straightforward, the exchange is professional and trustworthy for retail investors, and the platform has a well-developed customer support system. Is this digital asset platform right for you? Find out in our in-depth Bkex review.
- Hundreds of supported spot markets
- Levered spot ETPs
- Low trading fees
- Copy trading
- Robust crypto earning opportunities
- Well-developed mining services
- Only ~30 derivatives markets
- Only four stake-able assets
- Doesn’t support fiat currency
Bkex is a digital asset platform based in the British Virgin Islands, sometimes called the “sunshine trading platform,” where users can buy and sell spot crypto or engage in leveraged trading with crypto derivates.
In addition to serving as a crypto trading platform, Bkex supports crypto-earning products, crypto staking, and even crypto mining.
The Bkex account registration process is simple, it’s a professional and reliable exchange for retail investors, and the platform has a well-developed customer support system.
If you want to learn all about Bkex’s services and whether or not they’re right for you, stick around for this in-depth Bkex review.
Bkex Spot Trading
The Bkex crypto exchange supports hundreds of digital assets and markets, including a couple dozen leveraged ETPs for up to 3x levered spot trading and a wide range of BTC, ETH, and BUSD pairs.
However, Bkex does not support any fiat currency, so you will have to transfer crypto into your trading account if you want to do any actual cryptocurrency trading.
The vast majority of markets are paired with USDT, but there are select markets paired with USDC and DAI.
As for the trading interface, the aesthetic and functionality are all top-of-the-line. Bkex has a large chart powered by TradingView, readable order books, and supports market, limit, and trigger orders.
If you are an active crypto trader, Bkex is an excellent option to consider, complete with countless trading pairs and a truly state-of-the-art interface.
Bkex Derivatives Trading
Bkex’s derivates trading interface is nearly identical to its spot trading counterpart but allows users to trade with up to 100x leverage.
Bkek doesn’t support as many derivatives markets as spot markets, but there are still almost 30 options to choose from, which naturally includes all the most important markets.
In summary, unless you are a trader mostly interested in trading obscure altcoins, the Bkex derivatives trading platform is exceptional and should prove to be more than satisfactory, especially with its copy trading features.
Bkex Copy Trading
One thing the Bkex perpetual swap contract trading includes that its spot counterpart does not is copy trading.
Users can scroll through the listed traders available to copy to view their performance and follow their traders with just one click.
There are over 800 professional traders to choose from, and you get complete control over your positions even when copying, so it’s a great option for beginner traders.
Bkex Trading Fees
The trading fees on Bkex are very competitive, which certainly adds to its appeal as an ideal trading platform.
For spot trading, the maker fee is 0.15%, and the taker fee s 0.20%. These are both below the industry average of about 0.30% but are still slightly less competitive than the 0.10% offered by platforms like Binance.
For derivatives contracts, Bkex fees include a 0.05% handling fee across the board, which is respectable but notably removed from Binance’s 0.02% and 0.04%.
Bkex also charges a withdrawal fee for each asset that is fairly in line with the industry. Some examples of withdrawal fees are 0.0008 BTC, 5 USDT, and 0.01 ETH.
Bkex Crypto Earning
The Bkex Earn under the Finance tab is where users can deposit crypto to earn interest on their idle assets.
Bkex supports ten different assets: USDT, USDC, DAI, BUSD, BTC, ETH, EOS, LTC, DOT, and MILO.
Users can deposit and withdraw at any time for all the supported assets, meaning there is no lockup period.
The yields on stablecoins, BTC, and ETH, are all 8-9%, LTC and EOS are 7-8%, DOT is 4.71% or 13.91%, and MILO is 22%.
Given the current climate in crypto, any crypto investors should be cautious, especially in the face of double-digit or near double-digit yields, but Bkex earn remains a very attractive place to park your crypto.
Another service Bkex offers to earn a yield on your crypto assets is its crypto staking.
Currently, Bkex only supports staking for DOT, MILO, MOONEY, and CMCX, but they have plans to add more assets in the future.
All staking periods are flexible (at the users’ discretion), and yields range from 3.5% to as high as 29%.
Bkex Crypto Mining
Another great feature of the Bkex platform is its mining services, where users can deposit assets in pools to conduct liquidity mining to earn mining rewards.
Bkex supports 23 flexible mining pool options, including USDT, ETH, BTC, BUSD, BCH, and plenty more.
Users can deposit or withdraw at any time, and yields will range from 1-9%.
In addition to the liquidity pool mining, Bkex supports a hashrate cloud mining service for nine different projects, though many of the projects are different phases of the same protocol.
Each project has a maximum subscription amount of either 1,000, 10,000, or 20,000 and has a 365-day benefit period.
The daily payout for each project will vary, but they all fall within the range of 0.005-0.5XCH/TB with a 6-26.5 USDT/set hashrate price.
Overall, the Bkex mining services are quite robust and worth checking out if crypto mining interests you.
How Bkex Compares to Competitors
The best platform to compare to something as robust as Bkex is Binance. These days, Binance is the platform to beat in the crypto and blockchain industry, so it makes the most sense as a comparison for just about every crypto platform.
When it comes to trading, the two are nearly neck and neck, but Binance has slightly lower fees, a lot more derivatives markets, and a few more trading services like grid trading.
That said, Binance doesn’t directly support copy trading, which is a significant advantage for Bkex.
As for earning opportunities, the two are also quite similar, but Binance has a lot more staking options and a number of completely different earning vehicles that Bkex does not.
Most people don’t need a million options, though, so it’s important to focus on what exactly you want/need and work from there because Bkex probably has what you need.
Finally, the crypto mining services for Bkex are actually more developed than Binance, offering more options and types of mining, so if that is your focus, you would be better off exploring Bkex.
Conclusion: Bkex Review
After carefully walking through all of its services for this Bkex review, we believe Bkex is an excellent overall crypto platform.
As a trader, there are few reasons not to get excited about Bkex with its plentiful spot markets, which include levered ETPs, its ~30 derivatives markets, stellar interface, advanced order types, and low trading fees.
The crypto-earning services Bkex offers are also extremely appealing. The Bkex Earn has plenty of assets with very enticing yields, and the staking, though underdeveloped, has incredibly high yields for the few assets it supports.
And lastly, Bkex mining services are some of the most developed on the market. The number of options coupled with the easy-to-use interface makes it one of the best places to get into crypto mining.
In short, you really can’t go wrong with Bkex, but it’s a very competitive space with platforms like Binance or Kucoin ostensibly offering all the same services.
Nevertheless, Bkex is a great crypto trading, earning, and mining platform that deserves to be in the conversation with the best crypto has to offer.