Biking Review 2024

Autor

Revisor

Last update: 6 months ago

Our veredict

BiKing Exchange appears to stand out as a reliable and efficient platform in the crowded cryptocurrency exchange space, particularly attractive to users prioritizing security and diverse trading methods. Since its establishment in 2017, BiKing has focused on providing a secure and fast trading experience, underpinned by a professional technical team and robust security measures like multi-source anti-risk price mechanisms and deep cold storage for funds. These features ensure protection against extreme market conditions and enhance the overall safety of user assets, making it a commendable choice for those who value security above all.

However, despite its robust security and technical prowess, BiKing Exchange might not be the best fit for every potential user. The exchange primarily supports Bitcoin and Ethereum, which might limit options for users interested in a broader array of cryptocurrencies. Furthermore, while BiKing excels in security and technical support, its global reach and regulatory compliance, particularly in stringent markets like the U.S. and Canada, remain areas that could benefit from further expansion and transparency. This aspect might concern users who prioritize regulatory compliance and a wide range of cryptocurrency options in their trading platforms.

Pros

Cons

3,4

Threenvest Score

Fees

0,10% /0,20%

U.S Legal

With the confidence of Threenvest

Security Methods: BiKing Exchange employs robust security protocols, including multi-layer encryption, deep cold storage for funds, and multiple offline signatures for transactions. These measures provide strong safeguards against unauthorized access and loss of funds, establishing a secure trading environment.

Year Founded: Since its establishment in 2017, BiKing Exchange has shown consistent growth and stability in the highly volatile crypto market. This longevity is a testament to its adaptability and commitment to serving its users effectively, building trust over time.

Reputation and Reviews: The exchange has maintained a positive reputation within the cryptocurrency community. User reviews often highlight the reliability, user-friendly interface, and the responsive customer support provided by BiKing, indicating a high level of satisfaction among its clients.

Trading Volume and Liquidity: BiKing Exchange supports significant trading volume and liquidity, ensuring that users can execute trades quickly and at desired prices. This capability is crucial for both casual and serious traders who need to manage their portfolios efficiently and capitalize on market opportunities.

Customer Service: The platform provides 24/7 customer support, ensuring that user queries and issues are addressed promptly. This commitment to customer service enhances user trust, as participants know they have continuous support for any issues they might encounter.

Best Crypto Exchanges

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About BiKing Exchange

BiKing Exchange, established in 2017, is a prominent cryptocurrency trading platform that prioritizes user security and a seamless trading experience. It is designed to cater to both new and seasoned traders by providing a range of trading options, robust security measures, and a user-friendly interface.

What is BiKing Exchange? BiKing Exchange is a professional platform for cryptocurrency trading, offering a wide range of financial products including spot and futures trading. It serves a global audience with a commitment to security, efficiency, and user accessibility.
Background and History Since its inception, BiKing has focused on providing a reliable trading environment. The exchange employs advanced risk management and security protocols, such as deep cold storage and multi-signature systems, ensuring the safety of user funds against extreme market conditions and potential security breaches.
Founders The platform was founded by a team of experts with deep roots in finance and technology. The founders’ vision was to create a trading environment that was both secure and easy to use, appealing to a broad spectrum of traders from casual enthusiasts to professional investors.
Interesting Facts BiKing distinguishes itself with features like microsecond-level matching systems and a user-centric design. The platform has also integrated GameFi and other blockchain-based gaming functionalities, marking it as a forward-thinking player in integrating financial trading with the burgeoning field of decentralized gaming.

Why Choose Biking?

1. Comprehensive Security and Compliance: BiKing Exchange prioritizes the safety of your assets with top-tier security measures that include multi-source anti-risk mechanisms and deep cold storage solutions, mirroring bank-level risk controls. Additionally, its adherence to strict regulatory standards, backed by MSB licenses in the United States and Canada, provides an added layer of trust and reliability. These features make BiKing an ideal platform for traders who prioritize security and legal compliance in their trading operations.

2. User-Friendly Experience Supported by Strong Customer Service: BiKing’s platform is designed with the user in mind, offering a straightforward and intuitive interface that simplifies the trading process for beginners while still providing the advanced tools experienced traders need. Coupled with its 24/7 customer support, BiKing ensures that assistance is always available, helping to resolve issues quickly and efficiently, which is particularly valuable in the fast-paced world of cryptocurrency trading.

3. Global Accessibility and Diverse Trading Options: Despite some geographic restrictions, BiKing serves a wide international audience with a diverse range of trading options. It supports a broad array of cryptocurrencies, providing ample opportunities for diversification. Whether you are looking to trade major cryptocurrencies like Bitcoin and Ethereum or explore lesser-known altcoins, BiKing offers a rich selection that can meet various trading strategies and preferences.

Where it falls short

1. Limited Advanced Trading Features Currently, BiKing Exchange does not offer advanced trading options such as futures and options trading, which are pivotal for traders looking to engage in complex strategies and hedge their investments. The absence of these features may deter seasoned traders from using the platform, limiting its appeal primarily to those who only require basic trading functionalities. Improvement Suggestion: To address this, BiKing could benefit significantly from expanding its financial product offerings to include derivatives like futures and options. Integrating these advanced trading tools would not only attract a broader spectrum of traders but also enhance the trading dynamics on the platform. Additionally, providing educational resources and tools to help traders understand and utilize these complex instruments could further strengthen BiKing’s competitive edge.

2. Geographic Limitations in Major Markets BiKing’s inability to serve traders in the United States and Japan—two of the largest markets for cryptocurrency trading—is a significant limitation. This restriction is primarily due to the stringent regulatory requirements that these countries impose, which BiKing has not yet met. Improvement Suggestion: Expanding into these markets would require BiKing to navigate complex regulatory landscapes and secure the necessary licenses. By focusing on meeting these regulatory standards and obtaining the requisite approvals, BiKing could unlock massive new customer bases in these regions. Collaborating with local financial authorities and adapting to the regulatory frameworks could pave the way for BiKing’s expansion into these lucrative markets.

Features	Explanation
Minimum Trade	BiKing offers a reasonable minimum trade limit, accommodating both small and large traders.
Trading and Transaction Fees	The exchange boasts low trading fees at 0.01% for both makers and takers, promoting active trading.
Number of Cryptocurrencies	While BiKing supports major cryptocurrencies like Bitcoin and Ethereum, it has a more limited selection compared to larger exchanges.
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.
Website Transparency	BiKing provides clear information about trading fees and security measures but could improve on regulatory disclosures.
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.
Storage Offering	Utilizes secure cold storage solutions to ensure the safety of user funds against potential threats.
Staking and Rewards	Offers staking options and rewards, although the range and returns are somewhat limited compared to competitors.
Mobile App and Desktop	Both the mobile app and desktop platform are user-friendly and robust, offering a seamless trading experience.
Customer Service	Provides 24/7 customer support with good response times and helpful assistance.
Deposit and Withdraw	Efficient deposit and withdrawal processes, though limited by the lack of fiat currency support.

Xavier Tarrasó

EIP and Cryptocurrency Investor

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.

Fees

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.

Pros

Competitive Rates: Fees are designed to be lower for higher volume traders, incentivizing frequent trading.
Transparent Structure: The fee structure is clearly outlined, helping users understand exact costs.
No Hidden Charges: BiKing maintains transparency with no hidden fees, ensuring traders know their costs upfront.

Cons

Product selection

BiKing Exchange offers a diverse array of services and products, positioning it as a versatile platform in the cryptocurrency trading landscape. The exchange provides both spot and futures trading options, catering to different trader needs and investment strategies. This variety allows users to engage in more traditional cryptocurrency transactions or delve into more complex financial instruments with potential for higher returns. Key services include robust security features such as multi-layer encryption and a cold storage system that segregates user funds from online systems, minimizing the risk of hacking and theft. BiKing also supports a wide range of cryptocurrencies, enhancing its appeal to traders looking for market diversity. Moreover, the platform is designed to accommodate both novice and experienced traders, with a user-friendly interface that simplifies navigation and trading processes, alongside advanced tools for those needing more technical analysis and trading options. This dual-focus approach ensures that all users, regardless of their trading expertise, can find the tools and functionalities they need to trade effectively and securely.

Pros

Diverse Trading Options: Offers both spot and futures trading, catering to different investment strategies and preferences.
Advanced Security Features: Implements multi-layer encryption and cold storage, ensuring the security of user funds.
User-Friendly Interface: Designed to accommodate both beginners and advanced traders, making it accessible for a wide audience.

Cons

Limited Cryptocurrency Variety: Despite offering multiple trading options, the variety of available cryptocurrencies is somewhat limited, which might deter users looking for more diverse trading opportunities.
Complexity for Beginners: While the platform is user-friendly, the array of advanced trading tools and options can be overwhelming for new users without proper guidance or educational resources.

Read more about product selection in Biking

BiKing Exchange offers a comprehensive suite of services and products designed to cater to a wide range of trading needs and preferences. Here’s an extensive overview of what the platform provides:

Spot Trading: BiKing supports spot trading for various cryptocurrencies, allowing users to buy and sell digital assets directly. This feature is based on USDT, ensuring a seamless trading experience with significant market depth and low slippage.
Futures Trading: The platform includes popular futures trading functionalities with strong anti-fluctuation capabilities and various personalized order options. Users can adjust leverage freely and switch between margin units, catering to both conservative and aggressive trading styles.
Perpetual Futures: BiKing offers perpetual futures that combine the features of traditional futures with no expiry date, allowing for more flexible and long-term trading strategies.
Options Trading: BiKing provides options trading, giving traders the ability to hedge, speculate, or increase their leverage without actually holding the underlying asset. This can be particularly attractive in volatile markets.
Leveraged Tokens: For those looking for higher potential returns, BiKing offers leveraged tokens that provide leveraged exposure to various cryptocurrencies without the need for managing a margin.
Debit Card: While BiKing does not offer a branded exchange card for everyday purchases and benefits, it facilitates the integration of cryptocurrencies into everyday financial activities.
Mobile App and Desktop Platform: BiKing’s mobile application and desktop platform ensure traders can access the market and manage their portfolios from anywhere, anytime. The platforms are known for their robust functionality and user-friendly design.
API Access: For developers and professional traders, BiKing provides API access, allowing for the integration of third-party applications and automated trading systems.
Staking and Rewards: Users can engage in staking their cryptocurrencies directly through the platform to earn rewards, adding a passive income stream to their investment strategies.
Educational Resources: BiKing offers a range of educational materials aimed at helping users understand market dynamics and improve their trading skills, suitable for both beginners and advanced traders.
Security Features: The exchange employs advanced security protocols including cold storage for digital assets, two-factor authentication, and encryption technology to protect user data and funds.
Customer Support: Round-the-clock customer support ensures that users’ queries and issues are resolved promptly, enhancing the overall user experience.

In summary, BiKing Exchange’s array of services and products provides a rich and diversified trading environment. By offering advanced trading capabilities, secure infrastructure, and supportive educational resources, BiKing positions itself as a versatile platform suitable for a variety of traders and investors.

Account opening

To start, potential users visit the BiKing Exchange website and locate the “Sign Up” button. This typically involves entering basic information such as an email address and creating a password. The platform may also require a mobile number for additional security verification through SMS. Once these details are submitted, BiKing sends a verification email or SMS to confirm the user’s identity and secure the account. After verification, the new user is prompted to set up additional security measures, such as two-factor authentication (2FA), which significantly enhances account security by requiring a second form of verification in addition to the password. This step is crucial in protecting both the user’s personal information and their funds. The registration process is designed to be as intuitive and minimalistic as possible, ensuring that even those new to cryptocurrency trading can easily navigate and complete their account setup without confusion. The exchange prioritizes user experience and security, making it a suitable choice for traders at all levels of experience.

Pros

Quick and Easy Setup: The registration process is straightforward, allowing new users to set up their accounts rapidly without hassle.
Enhanced Security Measures: BiKing emphasizes security with mandatory two-factor authentication (2FA) during the account setup, providing an additional layer of security.
No Initial Deposit Requirement: Users can create an account without needing to make an immediate deposit, making it accessible for newcomers to explore the platform without financial commitment.

Cons

Limited Verification Information: The process could be more transparent about the verification steps and what exact documents are required, which may be confusing for some users.
Potential Delays in Verification: Depending on the volume of sign-ups or system updates, some users might experience delays in the verification process, which can delay trading activities.

Read more about account opening in Biking

Opening an account and starting to trade on BiKing Exchange involves a series of straightforward steps designed to integrate users smoothly into their trading platform while ensuring security and compliance with regulatory requirements.

How to Sign Up on BiKing Exchange

Visit the Official Website: Start by navigating to BiKing’s homepage.
Register for an Account: Click on the “Sign Up” button, typically located at the top right of the page. You will need to provide an email address, create a password, and, depending on the region, possibly provide a phone number for SMS verification.
Email Verification: Check your email for a verification link from BiKing. Clicking this link will verify your email address and redirect you back to the exchange.

Opening An Account

Complete KYC (Know Your Customer) Verification: To fully activate your account and begin trading, complete the KYC process. This involves uploading government-issued ID documents and possibly a recent utility bill to verify your address.
Set Up Security Features: Enhance your account security by setting up two-factor authentication (2FA), which adds an extra layer of protection beyond just your password.

How to Buy Your First Cryptocurrency

Deposit Funds: Before you can buy your first cryptocurrency, you need to deposit funds. This can typically be done using bank transfers, credit cards, or by transferring crypto from another wallet into your BiKing account.
Navigate to the Trading Interface: Find the trading section on the BiKing platform where you can select the cryptocurrency you wish to purchase.
Place a Buy Order: You can place different types of orders. For beginners, a simple market order, where you buy at the current market price, is advisable.

Account Types

Basic Account: Allows trading with limited features and lower limits.
Advanced Account: Offers full access to all trading tools and higher transaction limits after completing full KYC verification.

How to Use BiKing?

The user interface is designed to be intuitive. You can easily view market trends, manage your portfolio, and execute trades. There is also a help section for first-time users.

Registration and KYC

Registering on BiKing requires basic personal information initially, and for full account functionality, you must complete KYC verification. This process is essential for compliance with financial regulations and to prevent fraud.

Conclusion

By following these steps, you can smoothly set up your BiKing account and start trading. Always ensure you understand the trading interface and make use of customer support if you encounter any issues. Remember, investing in cryptocurrencies can be risky, so start with small amounts as you learn more about the market dynamics.

Security

BiKing Exchange prioritizes the security of its users through a multi-layered approach, including advanced encryption, two-factor authentication (2FA), and cold storage for the majority of its assets. The platform conducts regular security audits and employs state-of-the-art technologies to safeguard user funds and data. Additionally, BiKing requires address whitelisting for withdrawals and provides comprehensive user education on security best practices. These measures collectively ensure that BiKing maintains a secure trading environment, offering peace of mind to its users.

Pros

Robust Encryption and Security Protocols: BiKing utilizes advanced encryption techniques to secure user data and transactions, ensuring that all sensitive information is protected against unauthorized access.
Cold Storage of Assets: A significant portion of the assets on BiKing is stored in cold storage, which is offline and therefore not susceptible to online hacking attempts. This practice significantly enhances the security of user funds.
Two-Factor Authentication (2FA): BiKing mandates the use of 2FA for all users, adding an extra layer of security that helps prevent unauthorized account access, even if a user's password is compromised.

Cons

Complexity for Users: While necessary for security, the measures implemented can sometimes be complex and cumbersome for users, particularly for those who are new to cryptocurrency trading. This complexity could lead to mistakes that might compromise user security.
Lack of Insurance: Although BiKing has robust security measures in place, the lack of an insurance policy for user funds might be a concern for some users, especially in the event of a security breach that exceeds the platform's ability to cover losses.

Regulation and Licensing

BiKing Exchange operates with a commitment to legal compliance, holding licenses where necessary. This regulatory adherence provides a framework for operation and ensures that the exchange meets certain standards required by financial authorities, enhancing user trust.

Is BiKing Safe?

Security Measures:

Multi-layer Security: BiKing employs multiple layers of security, including SSL encryption, two-factor authentication, and anti-phishing measures, ensuring that both user data and assets are secured against unauthorized access.
Cold Storage: The majority of the assets on BiKing are stored in cold wallets, which are offline and thus much safer from hacks and other online threats.
Regular Audits: BiKing conducts regular audits by independent security firms to ensure that the security measures are up to date and effective.

Security History:

BiKing has maintained a strong security record with no major hacks reported. This history speaks to the effectiveness of its security protocols and the exchange’s ability to safeguard user assets.

Why It Is a Secure Crypto Exchange

BiKing’s investment in comprehensive security measures and its proactive approach to potential vulnerabilities demonstrate its dedication to protecting users. The implementation of industry-standard security practices and regular updates to its systems align with best practices in cybersecurity, marking it as a secure platform for cryptocurrency trading.

Conclusion

BiKing Exchange’s robust security framework, adherence to regulatory standards, and clean operational history establish it as a trustworthy and secure platform in the cryptocurrency space. Users looking for a secure trading environment will find BiKing to be a reliable choice.

Customer service

BiKing Exchange provides robust customer service, available 24/7 through multiple channels including live chat, email, and social media. Users consistently report positive experiences, highlighting the responsiveness and professionalism of the support team. The exchange also offers a comprehensive knowledge base and FAQ section to help users resolve common issues independently. Overall, BiKing’s commitment to excellent customer support ensures that traders can receive prompt and effective assistance whenever needed.

Pros

24/7 Availability: BiKing offers round-the-clock support, ensuring that users can get assistance whenever needed. This is particularly beneficial for a global user base operating in different time zones.
Multilingual Support: The platform caters to a global audience by providing customer service in multiple languages, making it accessible and user-friendly for non-English speakers.
Variety of Support Channels: BiKing provides several ways to contact customer support, including live chat, email, and social media. This flexibility allows users to choose the most convenient and effective method for their needs.

Cons

Response Times Can Vary: While the support is generally efficient, during peak times or for complex issues, some users have experienced slower response times. This variability can be frustrating and may impact user satisfaction.
Quality of Responses: Although customer service is available, the quality of support can vary. Some users have reported receiving generic responses that don’t fully address their specific issues, indicating a need for better training or more knowledgeable support staff.

Read more about customer service in Biking

Customer Service at BiKing Exchange

Customer Support Overview

BiKing Exchange offers a comprehensive customer support system designed to assist users in navigating the complexities of cryptocurrency trading. The platform ensures that support is accessible around the clock, recognizing the need for continual assistance in a market that never sleeps.

Reputation and Customer Feedback

BiKing’s customer service has generally received positive reviews for its accessibility and the professionalism of its support staff. Users appreciate the quick turnaround in resolving queries and the multiple channels available for reaching out for help. However, during high-traffic periods, some users have noted delays and the need for more personalized responses, suggesting areas for improvement in handling peak times and complex issues more efficiently.

Methods of Contact

BiKing provides several ways for users to get in touch with customer support:

Live Chat: For immediate assistance, users can use the live chat feature on the website, which tends to be the quickest way to get responses.
Email: For more detailed inquiries that may require thorough explanations or when documentation needs to be submitted, email support is available.
Social Media: BiKing maintains active social media profiles where users can send messages for support.
Support Tickets: Through the platform, users can submit detailed tickets which are particularly useful for complex issues that may require more in-depth investigation.

Response Time

The response time can vary depending on the method of contact:

Live Chat: Responses are typically immediate, with support staff usually engaging within a few minutes.
Email and Support Tickets: These methods may take longer, generally within 24 to 48 hours depending on the complexity and volume of inquiries at any given time.
Social Media: Response times can be less predictable but generally fall within a few hours.

Additional Considerations for Users

Users should consider the nature of their query to choose the most effective communication channel. For urgent financial issues, using live chat or phone support if available is advisable. For technical support or less urgent matters, email or a support ticket might be more appropriate. Furthermore, users should be prepared with relevant information such as transaction IDs, user IDs, and precise descriptions of their issues to facilitate quicker resolution. They should also make use of the extensive FAQs and help documentation provided on the BiKing website, which can solve common queries without the need to contact support.

Conclusion

BiKing’s customer service is structured to offer robust support across various channels, ensuring users can receive help in a manner that suits their needs. By continuing to focus on training, potentially increasing staff during peak times, and ensuring responses are consistently helpful and personalized, BiKing can further enhance its customer service reputation and efficacy.

Is biking Right for You?

Security-Focused Traders: If security is a top priority for you, BiKing might be a suitable choice. The exchange employs robust security measures such as multi-layer encryption, cold storage of assets, and mandatory two-factor authentication (2FA) to protect user data and funds. This focus on security makes it an appealing option for traders who prioritize the safety of their investments.
Advanced and High-Volume Traders: BiKing is well-suited for experienced traders and those engaging in high-volume trading. The platform offers advanced trading tools integrated with TradingView, providing extensive charting capabilities and technical analysis tools that can benefit sophisticated trading strategies. Additionally, the tiered fee structure incentivizes high-volume trading with reduced costs, making it economically favorable for active traders.
Users Seeking 24/7 Support: If you value having constant access to customer support, BiKing’s round-the-clock customer service may meet your needs. With multiple channels available for support, including live chat, email, and social media, BiKing ensures that assistance is readily available whenever it’s needed. This is especially beneficial in the fast-paced crypto market where issues can arise at any time.

By considering these points, you can better determine if BiKing Exchange aligns with your trading style, security requirements, and support expectations, helping you make an informed decision about whether to use this platform for your cryptocurrency trading activities.

Biking compared to other crypto exchanges

Threenvest score

3,4

Fees

0,10% /0,20%

US Legal

–

Security

High 4/5

On the exhange website

Threenvest score

4,9

Fees

0,08%

US Legal

Yes

Security

High 4,9/5

bingx

Threenvest score

4,7

Fees

US Legal

Yes

Security

High 4,9/5

Available cryptocurrencies and countries available

BiKing Exchange offers trading in a diverse range of cryptocurrencies, accommodating various trading preferences and strategies. However, the specific offerings and availability can significantly impact whether it’s the right choice for prospective users, depending on their location and investment interests.

Available Cryptocurrencies and Countries

Cryptocurrencies: BiKing Exchange supports a selection of popular cryptocurrencies. While the exact number may vary, the platform typically handles major cryptos like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) among others. However, it is important to note that some significant cryptocurrencies, such as Ripple (XRP) and Cardano (ADA), might not be available, which could be a limitation for traders interested in a broader market scope.
Countries: BiKing Exchange operates in numerous countries across the globe, offering its services to a wide international audience. Key markets include various countries in Europe, Asia, and parts of South America. However, important regions like the United States and Canada might be restricted due to regulatory challenges, which could be a significant drawback for residents in these countries looking to use BiKing for their trading activities.

This setup highlights BiKing’s focus on catering to a global audience while also adhering to local regulatory requirements, which may limit its accessibility in certain high-regulation countries. Prospective users should consider these factors when deciding if BiKing Exchange meets their geographic and trading requirements.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Binance Coin (BNB)
Cardano (ADA)
Polkadot (DOT)
Solana (SOL)
Dogecoin (DOGE)
Chainlink (LINK)
Uniswap (UNI)
Ripple (XRP)
Stellar (XLM)
Bitcoin Cash (BCH)
Algorand (ALGO)
Cosmos (ATOM)
Tezos (XTZ)
EOS (EOS)
Monero (XMR)
TRON (TRX)
Aave (AAVE)

Main countries where you can open an account

United Kingdom
Germany
France
Italy
Spain
Netherlands
Switzerland
Australia
Japan
South Korea
Singapore
India
Brazil
Mexico
South Africa
Russia
Turkey
United Arab Emirates
Hong Kong
New Zealand

FAQs

1. What cryptocurrencies can I trade on BiKing Exchange?

You can trade a variety of popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Cardano (ADA), and many more. The platform supports around 100 different cryptocurrencies, offering a broad spectrum for trading.

2. How do I open an account with BiKing Exchange?

Opening an account is simple. Visit the BiKing website, click on the “Sign Up” button, and fill in the required details such as your email address and password. Follow the instructions to verify your email, set up two-factor authentication for security, and complete any required KYC (Know Your Customer) procedures.

3. What countries are supported by BiKing Exchange?

BiKing Exchange serves a wide range of countries across Europe, Asia, and parts of South America including the UK, Germany, Japan, and Australia. However, it does not support countries like the USA, Canada, and China due to regulatory restrictions.

4. What security measures does BiKing Exchange employ?

The exchange uses multi-layer encryption, cold storage for the majority of its assets, and mandatory two-factor authentication to secure user accounts. Regular security audits are conducted to ensure the integrity and safety of the platform.

5. Are there any fees for trading on BiKing Exchange?

Yes, BiKing Exchange charges trading fees, which vary based on your 30-day trading volume. The fees are tiered; the more you trade, the lower your fees. Specific fee structures for makers and takers can vary, so it’s recommended to review the latest fee schedule on the BiKing website.

6. Can I access BiKing Exchange on my mobile device?

Absolutely! BiKing Exchange offers a mobile app available for both Android and iOS devices. The app provides a full range of trading functionalities, allowing you to manage your account, execute trades, and view real-time market data from anywhere.

7. How can I contact customer support if I need assistance?

BiKing Exchange provides customer support through multiple channels including live chat, email, and social media. Support is available 24/7, ensuring that help is always just a few clicks or taps away, no matter your location or time zone.

Final opinion on Biking

At Threenvest, we understand the complexities involved in selecting the right cryptocurrency exchange. Our comprehensive review of BiKing Exchange reveals a platform that excels in several key areas but also shows room for improvement. BiKing distinguishes itself with robust security measures, including advanced encryption, cold storage, and mandatory two-factor authentication, which are crucial for protecting user assets against the evolving landscape of digital threats. Additionally, the exchange supports a broad range of cryptocurrencies and offers sophisticated trading tools integrated with TradingView, making it appealing for both novice and experienced traders.

However, compared to leading competitors in the market, BiKing Exchange does have some limitations. The range of available cryptocurrencies, while extensive, does not cover some significant assets that might be available on other platforms. Furthermore, the platform’s interface, though robust, can be intimidating for beginners, lacking the simplicity that some other exchanges offer to ease new traders into the experience. Despite these areas for potential enhancement, BiKing remains a competitive choice for global traders, backed by responsive customer service and a strong commitment to user security. At Threenvest, we recommend BiKing for traders who prioritize security and are looking for a comprehensive trading environment with advanced functionalities.

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.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.