Bexplus: Cryptocurrency Exchange Review
Bexplus, founded at the end of 2017, considers itself one of the world’s leading platforms for cryptocurrency trading. Let’s take a look at the features of this company.
What Makes Bexplus Attractive?
The official website of the bexplus.com platform has a user-friendly interface that is understandable even to trading novices. The site supports 21 languages, ensuring comfortable interaction with visitors from different countries.
On the main page, you will immediately notice a skillfully crafted advertisement featuring Mercedes and an offer to increase your profit by 100 times with just a 1% fluctuation in the price of Bitcoin.
How Does It Work? Bexplus offers traders a one hundredfold credit leverage. For example, when purchasing 1 BTC for $10,000 under normal conditions, you would need to pay $10,000. With a 100 times credit leverage, you would only need $100 to acquire 1 BTC. If the price of Bitcoin rises by 1%, you would earn $100 in addition to your initial investment, but if the price drops by 1%, you would lose your $100.
In theory, credit leverage is a useful tool, but only under transparency and absence of conflict of interest. However, with Bexplus, there are doubts that this tool works solely in favor of traders.
Bexplus also emphasizes margin trading, which is a common form of trading on most exchanges.
Interest Rates, Security, and Liquidity
- Simple Trading Interface. It is intuitive and helps newcomers adapt quickly.
- High Security. Bexplus ensures security through SSL protocol and Google Authenticator two-factor authentication.
- High Liquidity. At the time of exchange activity review, the average number of traders is around 560 people per day.
- Interest-Bearing Wallet. Bexplus promises up to 30% annual interest on BTC deposits.
Now let’s delve into each point in detail.
Simple Trading Interface. The trading cabinet screenshot showcases all necessary tools for efficient work.
Security. Bexplus offers the option to use Google Authenticator two-factor authentication for account protection.
High Liquidity. A large number of active traders ensures swift order execution.
Commissions and Deposits
Bitcoin is the primary currency for depositing funds on Bexplus. The minimum deposit amount is 0.02 BTC. There are no fees for deposit and withdrawal transactions, with a trading fee of 0.075%.
The exchange provides two types of wallets: one for fund storage with interest earning capabilities, and the other for trading.
Recommendation
Choosing a reliable exchange plays a crucial role in successful cryptocurrency trading. Bexplus offers interesting opportunities, but certain aspects raise doubts. Additional time is necessary to evaluate the operations of this exchange and the appearance of feedback from traders.
