Comparison of Orbix vs Biking [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Orbix vs Biking comparison!

Your expert: Alejandro Borja

orbix

Orbix

Investing risks losing your money

Your expert: Xavier Tarrasó

biking

Biking

Investing risks losing your money

Main points

Fees

Earns

Yes

Customer service

3/5
0,10% /0,20%

Fees

Yes

Earns

2/5

Customer service


Recommended for

Beginners

No

Trading

No

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with additional benefits for high-volume trading.
3.7 – Competitive fees but some charges for premium features.

Level

0,10% /0,20%

Brief explanation

Orbix maintains a competitive but variable commission structure that aligns with industry standards, aiming to cater to both novice and experienced traders. Trading and transaction fees are designed to be cost-effective, although not the lowest when compared to other major players in the market. The fees vary depending on the type of transaction, whether it involves fiat-to-crypto or crypto-to-crypto trades. For direct fiat transactions, users may face additional costs, especially when using credit or debit cards, which are subject to higher fees due to processing charges. Orbix’s commitment to transparency ensures that all fee structures are clearly communicated on their website, allowing traders to make informed financial decisions before executing trades.
BiKing Exchange employs a competitive fee structure designed to accommodate both casual and high-volume traders. The platform charges a basic trading fee, with discounts available based on trading volume, encouraging active trading. This tiered fee approach ensures that both small-scale traders and large investors can operate efficiently. The fees are structured to be transparent and are clearly communicated on the platform, making it easy for users to understand how much they will be paying per transaction. This setup not only fosters a fair trading environment but also enhances the overall trading experience by minimizing unexpected costs.

Orbix

Biking

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Unknown
Biking Technology Co., Ltd

Regulation

Not regulated
Not regulated

Year founded

Unknown
Unknown

Founder

Unknown
Unknown

Payment methods

Transfers

No
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Orbix FEATURES Biking
Orbix allows for relatively low minimum trade amounts, making it accessible for beginners.
Minimum Trade
BiKing offers a reasonable minimum trade limit, accommodating both small and large traders.
Fees are competitive, but could be improved to match lower fee structures offered by other exchanges.
Trading and Transaction Fees
The exchange boasts low trading fees at 0.01% for both makers and takers, promoting active trading.
Offers a moderate variety of cryptocurrencies, suitable for most traders but less than larger exchanges.
Number of Cryptocurrencies
While BiKing supports major cryptocurrencies like Bitcoin and Ethereum, it has a more limited selection compared to larger exchanges.
Orbix provides a decent selection of crypto-to-crypto pairs, though not as extensive as some competitors.
Crypto-to-Crypto Trading Pairs
Offers a modest range of crypto-to-crypto trading pairs, sufficient for mainstream traders but less so for those seeking variety.
The website is clear and informative about fees, policies, and trading options, enhancing user trust.
Website Transparency
BiKing provides clear information about trading fees and security measures but could improve on regulatory disclosures.
Orbix does not currently offer its own exchange card for customers to use for in-store purchases or to receive benefits.
Credit/Debit Card
Without a dedicated exchange card, users of BiKing Exchange may miss out on the convenience and rewards typically associated with such cards in the cryptocurrency space.
Provides secure storage options with advanced security measures to protect user assets.
Storage Offering
Utilizes secure cold storage solutions to ensure the safety of user funds against potential threats.
Offers competitive staking options and rewards, encouraging longer-term investment on the platform.
Staking and Rewards
Offers staking options and rewards, although the range and returns are somewhat limited compared to competitors.
Both mobile and desktop platforms are highly user-friendly, offering full functionality with ease.
Mobile App and Desktop
Both the mobile app and desktop platform are user-friendly and robust, offering a seamless trading experience.
Customer support is available but response times can be slow; an area that needs improvement.
Customer Service
Provides 24/7 customer support with good response times and helpful assistance.
Deposits and withdrawals are handled efficiently, though improvements could be made in fee structure.
Deposit and Withdraw
Efficient deposit and withdrawal processes, though limited by the lack of fiat currency support.

Key features

Analysis tools

Unknown
Unknown

Mobile APP

No
No

Security

High 4,5/5
High 4/5

Additional features

Margin trading, futures trading, staking, Orbix Earn
Social trading, copy trading, margin trading, futures contracts

Anonymity

Yes
Yes

Key points

Available cryptocurrencies

Limited, primarily derivatives
50+

User-friendliness

Orbix offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.
Biking offers an intuitive platform with a user-friendly interface, ideal for beginners. The platform’s design ensures that users can easily navigate and execute trades without encountering unnecessary complexity.

Value for money

Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.
Provides reasonable value for money with competitive fees and a user-friendly interface, suitable for both beginners and experienced traders.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore
United States, Canada, United Kingdom, Australia, Germany

Best for

Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.
Ideal for both new and seasoned traders who want a user-friendly interface and competitive fees.

Base currencies available

Not widely known
CNY, BTC, USDT

Account

Trading

Orbix provides a secure and user-friendly platform with a good selection of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.
Biking is a smaller exchange that provides basic trading functionalities. It’s suitable for beginners but may not meet the needs of advanced traders due to its limited tools and lower liquidity.

Deposit and withdrawal

Orbix supports various deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.
Biking offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawal times are moderate, and fees are generally low.

Account opening process

Orbix provides a straightforward and fully digital account registration process. Users need to submit personal details and verify their identity. The process is quick and usually takes less than a day to complete.
Biking’s account opening process is straightforward, requiring personal information and identity verification. The process is quick and fully digital, making it easy for users to start trading within a short period.

KYC required?

No
No

Customer Service

Orbix provides support through email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.
Biking offers customer support through email and live chat. The response time is generally quick, but the support team is not available 24/7, which may be inconvenient for some users.

Security

Orbix employs robust security features, including 2FA and encryption. However, it is not regulated by major financial authorities, which might be a concern for some investors.
Biking offers robust security features, including 2FA and encryption. However, it lacks regulation from major financial authorities, which might be a concern for some investors regarding the safety of their funds.

Which of these exchanges is for you?

As a Threenvest expert, I find Orbix to be a reliable choice for those entering the cryptocurrency trading space or looking to diversify their trading strategies. While it offers robust security features and an intuitive interface, I recommend potential users to consider the limitations in terms of cryptocurrency variety and geographical availability. For those able to access and utilize its services, Orbix could indeed be a valuable addition to your trading toolkit.
As an expert on our website, I’d recommend BiKing Exchange for traders prioritizing security and low transaction fees. It’s particularly well-suited for those dealing primarily in major cryptocurrencies like Bitcoin and Ethereum. While the platform could improve by expanding its cryptocurrency selection and adding fiat currency support, its robust security measures and user-friendly mobile and desktop applications make it a solid choice for both new and experienced traders seeking a reliable trading environment.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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