© All rights reserved 2024 | Threenvest I/S
Menu
Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
Comparison sponsored by the best exchange
eToro
eToro Special Offer*
Earn up to 4.90% APY on uninvested cash with eToro USA.
Account Minimum
Get started with just $100.
And 1% fee on all cryptocurrency trades.
| Simpleswap | FEATURES | Biking |
|---|---|---|
|
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount. |
Minimum Trade |
BiKing offers a reasonable minimum trade limit, accommodating both small and large traders. |
|
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency. |
Trading and Transaction Fees |
The exchange boasts low trading fees at 0.01% for both makers and takers, promoting active trading. |
|
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets. |
Number of Cryptocurrencies |
While BiKing supports major cryptocurrencies like Bitcoin and Ethereum, it has a more limited selection compared to larger exchanges. |
|
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies. |
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. |
|
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics. |
Website Transparency |
BiKing provides clear information about trading fees and security measures but could improve on regulatory disclosures. |
|
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions. |
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, though detailed information on security measures and storage capabilities could be more transparent. |
Storage Offering |
Utilizes secure cold storage solutions to ensure the safety of user funds against potential threats. |
|
Limited staking options and rewards are available, which could be enhanced to attract long-term investors. |
Staking and Rewards |
Offers staking options and rewards, although the range and returns are somewhat limited compared to competitors. |
|
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features. |
Mobile App and Desktop |
Both the mobile app and desktop platform are user-friendly and robust, offering a seamless trading experience. |
|
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times. |
Customer Service |
Provides 24/7 customer support with good response times and helpful assistance. |
|
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature. |
Deposit and Withdraw |
Efficient deposit and withdrawal processes, though limited by the lack of fiat currency support. |
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.
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.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S