When you enter the exciting world of cryptocurrency, you want to find a trustworthy trading platform that makes managing your finances simple and easy. As such, the cryptocurrency specialists at Smart Billions constructed a thorough Bexplus review to see if the cryptocurrency exchange platform is right for you.
- Operating Since 2017
- Currencies Supported 5 cryptocurrencies
- Fees Varies
- Deposit Methods Cryptocurrencies
- Fiat Currencies No
- Verification Methods 2FA
- Margin Trading Yes
- Futures Trading Yes
- What Is Bexplus?
- About Bexplus
- Supported Cryptocurrencies
- Bexplus Fees
- Trading Features
- Bexplus High Security
- Customer Support
- Pros and Cons of Bexplus
- A Brief Recap of Our Bexplus Review
- Bexplus Crypto Exchange Review for Australia
- Bexplus Crypto Exchange Review for Canada
- Bexplus Crypto Exchange Review for United Kingdom (UK)
- Contact Smart Billions for All Your Cryptocurrency Needs
Smart Billions is an online workshop that teaches you everything you need to know about cryptocurrency. We form a team of blockchain enthusiasts and entrepreneurs that specialize in teaching people how to get the most out of their cryptocurrency investments. We guide you through the ever-changing crypto market, explain the differences between cryptocurrencies, review trading platforms, and more.
Continue reading to learn more about Bexplus and see if it lives up to the hype.
What Is Bexplus?
Bexplus is a Hong Kong-based global crypto derivatives trading platform founded in late 2017. It is an up-and-coming crypto exchange platform that offers profitable interest rates and leveraged borrowing to users. It’s a global service based in the Grenadines and Saint Vincent with offices in the United States, Japan, Brazil, and Singapore. Bexplus is available in 15 languages, including Japanese, Turkish, Polish, English, and Portuguese.
The innovative Bexplus trading platform allows users to create an account without an ID and permits them to trade several futures contracts with a margin of up to 100:1 times. Some of the futures contracts include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Cardano (ADA)
- Ripple (XRP)
Bexplus provides numerous benefits for crypto traders of all experience levels. Its fantastic leverage and detailed yet easily digestible trading features make the platform ideal for both novice and experienced cryptocurrency investors.
Bexplus’s background is a bit hazy. As little to no information about the company and its founders exists online, it causes hesitation among many potential users. The creators decided to conceal their identities, raising suspicion even further.
However, the trading platform claims that a group of experienced blockchain architects, financial experts, and internet professionals created the company in 2017. It works under a Saint Vincent and the Grenadines Financial Services Authority, which doesn’t monitor Bexplus’s financial proceedings. However, the United States registered Bexplus as a money service business (MSB) in 2021.
It’s important to note that several businesses turn to Saint Vincent and the Grenadines to avoid taxes, legal cases, and regulation. The money service business registration doesn’t require U.S. authorities to regulate Bexplus since it comprises a fundamental operations necessity. Although Bexplus advertises as a high liquidity cryptocurrency exchange, it hasn’t provided information about its monthly trading volume.
Most experts advise against trading cryptocurrencies on an unregulated platform with unverified owners. This risky strategy could take a toll on your finances. You want to keep this in mind before committing to Bexplus’s services.
As stated before, Bexplus allows users to trade five of the leading cryptocurrencies: Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Cardano (ADA), and Ripple (XRP). However, the platform doesn’t support Litecoin (LTC), EOS, or NEO. Bexplus bases all the offered trading pairs on Tether (USDT) but doesn’t allow users to trade between other cryptocurrencies.
Although Bexplus’s limited number of cryptocurrencies might benefit novice traders, it can disappoint advanced or experienced users looking to trade lesser-known altcoins. Nevertheless, Bexplus’s less crowded market and user-friendly interface make it more ideal for newcomers.
Bexplus differs from most other cryptocurrency trading platforms like Binance by charging a flat rate for every crypto pair instead of differentiating between taker orders and makers. It makes trading easier to keep up with and more approachable for novice users.
Let’s look at Bexplus’s trading fees for each crypto pair.
- Bitcoin (BTC)/USDT: 0.075%
- Ethereum (ETH)/USDT: 0.151%
- Dogecoin (DOGE)/USDT: 0.195%
- Cardano (ADA)/USDT: 0.151%
- Ripple (XRP)/USDT: 0.195%
When trading, it’s important to remember that Bexplus calculates the profit, loss, and margin using bitcoin regardless of the cryptocurrency you trade. Bexplus also pays traders in bitcoin only. If you profit using Ethereum, you will receive Bitcoin as payment. So, yeah, Bexplus doesn’t have low fees for its services.
Bexplus offers 100x leverage trading on cryptocurrency pairs while charging you for using the service. You must pay 0.1% of the total contract value to keep an open position after GMT 0:00.
Withdrawal and Deposit Fees
Although Bexplus doesn’t charge users a deposit fee, it does require a withdrawal fee if you remove cryptocurrency from the program. Bexplus’s withdrawal fees include:
- Bitcoin: 0.0005 BTC
- Ethereum: 0.004 ETH
- Ripple: 0.01 XPR
Bexplus currently doesn’t list withdrawal fees for Dogecoin or Cardano on its website.
Withdrawal and Trading Limits
Bexplus doesn’t have a minimum deposit limit for users at this time. However, it does have a few fixed maximum and minimum trading limitations. Let’s review the platform’s minimum trading limits.
- BTC/USDT: 0.1 BTC
- ETH/USDT: 1 ETH
- DOGE/USDT: 10,000 DOGE
- ADA/USDT: 1,000 ADA
- XRP/USDT: 1,000 XRP
Bexplus’s max trading volume include:
- Bitcoin: 200 BTC
- Ethereum: 4,000 ETC
- Dogecoin: 5,000,000 DOGE
- Cardano: 2,000,000 ADA
- Ripple: 2,000,000 XRP
The platform doesn’t list its withdrawal limits. It’s best to reach out to Bexplus’s customer service branch for more information before depositing digital currencies on the exchange platform.
Bexplus allows you to borrow up to 100 times more than your initial investment. It also gives you access to perpetual contracts that don’t expire at a specific time. The perpetual contracts allow you to maintain a position as long as you desire, furthering your trading experience.
However, Bexplus does charge you a 0.1% daily fee if you decide to hold an open position.
Bexplus also has a forced liquidation process that you must keep in mind while using the platform. Once your account margin rate equals 30% or lower, Bexplus liquidates your positions. It also closes your positions if your profits, including your position bonuses, reach 85% of the account’s net value.
It’s crucial to keep an eye on your margin rate since Bexplus isn’t required to notify you if it plans to close your positions.
The crypto trading platform provides you with a Bitcoin interest-bearing wallet if you remain active. The annual interest rates fluctuate from 3% to 21%, depending on how much Bitcoin you deposit. If you do not know if your account qualifies, contact Bexplus’s support service via email to verify your account status.
Bexplus also provides you with a 100% deposit bonus that you can’t withdraw. The platform only enables you to use the bonus to boost your account’s net worth, increasing your borrowing amount. However, you will lose your deposit bonus if your account’s net worth falls under a specific amount.
You must contact Bexplus’s customer support branch and follow the platform’s Twitter page to receive your bonus.
Demo Account / Trading Simulator
One of Bexplus’s best aspects stems from how accessible and user-friendly it is to novice crypto traders. It offers newcomers a demo account with 10 BTC to get them started on the platform. The demo account lets new users learn various crypto trading strategies and grow confident with their investments before adding additional assets.
Bexplus High Security
To ensure its users’ digital assets remain safe and secure, Bexplus uses a two-factor authentication method while keeping user assets in multi-signature cold wallets (a.k.a. cold storage). However, since Bexplus remains an anonymous, offshore company with few enforcement powers and regulations, it’s exceedingly hard to verify its legitimacy.
Some users believe Bexplus is illegitimate and alters reviews and photos to appear valid. The company hasn’t confirmed or denied these allegations, furthering many users’ concerns. Although you can find only a few verified Bexplus reviews available online, most of its mobile app reviews remain positive.
Since Bexplus features over ten language settings, traders worldwide can navigate the platform in their native language. It also has a customer service pop-up chat that you can use (regardless of your native language) 24 hours a day, seven days a week. The crypto exchange platform also hosts a FAQ page that answers the most common questions about cryptocurrency, trading, and more.
If the pop-up chat or FAQ page doesn’t answer your question, you can email their support team for additional assistance.
Bexplus also publishes numerous informative crypto trading articles on their blog page that will help you get the most out of your investments.
Pros and Cons of Bexplus
Like most cryptocurrency exchange platforms, Bexplus has its advantages and disadvantages. Consider some of Bexplus’s pros and cons.
- No identity verification
- Fast account creation
- Novice friendly
- Simplistic TradingView charts and user interface
- New-user welcome bonus
- The interest rate wallet allows you to earn up to 21% annualized interest
- 100x leverage
- Margin trading is available
- A mobile app available on both iOS and Android devices
- Provides new users a demo account
- Features stop-loss orders as well as take profit orders
- Unregulated crypto exchange platform with anonymous founders
- Limited trading pairs
- No fiat currency gateway (USD, AUD, EUR, etc.)
- Restricts withdrawals and deposits to Bitcoin
- High overnight and trading fees
- Low minimum trading size
- Lacking risk-management orders
- Doesn’t offer staking feature
- Encourages over-trading with auto-take-profit
- Doesn’t support payment methods such as debit and credit card
Is There a Bexplus Mobile App?
Yes. Bexplus offers a highly rated mobile app for both iOS and Android devices. Just like the desktop version, Bexplus app provides real-time quotes of the crypto futures contracts, which can be traded on a user-friendly, responsive, and intuitive display.
Is Identity Verification Required To Set Up a Bexplus Account?
No. Bexplus allows users to create a crypto trading account without KYC procedure and verifying their ID. However, it does require you to enter an email address.
Is Bexplus a Legitimate Cryptocurrency Exchange Platform, or Is It a Scam?
Although the United States registered Bexplus as a money service business (MSB), it’s not regulated since it resides in the Grenadines and Saint Vincent, making it hard to verify its legitimacy. It’s best to conduct business with a regulated company than risk trusting an unregulated crypto platform.
A Brief Recap of Our Bexplus Review
Bexplus allows you to trade five crypto trading pairs with USDT while offering 100x leverage on futures trades and crypto margins. Unfortunately, its transaction fees are much higher than other cryptocurrency exchanges since it doesn’t utilize fee tiers for your monthly trade volumes.
Although Bexplus provides several helpful features for beginners, the deposit bonuses and annual rewards associated with the Bitcoin interest wallet favor experienced users with high trading volumes. This might deter novice traders once they learn more about cryptocurrency trading.
Visit the Bexplus website (bexplus.com) and start trading cryptocurrency today!
Bexplus Crypto Exchange Review for Australia
Bexplus, a global platform for trading crypto derivatives, was established in late 2017. The company is registered in Saint Vincent and the Grenadines. Bexplus has branches in Singapore, Japan and the USA. It is expanding internationally.
The availability of Bitcoin’s perpetual trading pairs is a testament to its popularity. Users can open accounts without ID verification to trade futures contracts in ETH, XRP and EOS with a 100:1 margin. You also get a 100% bonus on your first deposit, a mobile trading app, and a demo trading option.
trading platform Bexplus may be the most prominent in cryptocurrency exchanges, but it also offers advanced features such as the TradingView professional charting suite. Before placing an order, they can use chart patterns and advanced drawing tools. A new overlay is available for chart.
Bexplus trading platform has financial services authority. Bexplus review is available with 100x support trade to maximize its users profit at small movements. You can use the borrowed funds to increase your trading position with any balance. If the account balance is $1000, traders can open a Bitcoin trading account to start a Bitcoin business.
The platform offers an open trading environment that allows for Bitcoin and cryptocurrency pairings with a minimum deposit amount. This provides capital at no risk. To ease their experience and make it easier for beginners to learn about online crypto trading, they get 10 bitcoins free of charge. Popular platforms such as Crypto.com, Nexo and Bexplus offer margin trading. Daily interest is calculated and you can earn more than 21% annually.
You can trade risk-free on this platform, as there are no real costs. The market is available to beginners by regularly checking the closing and opening positions. You can also find information about margin requirements and details of profit and loss. The stimulator has advanced features such as format and technical analysis. This is a popular way to improve fundamental skills.
Bexplus’s advantages include simplicity, lack in spread, availability of simulators, security, quick withdrawals and recharges, and additional bonuses such as an annual interest rate on deposits and responsive technical support that is available 24 hours a day.
Bexplus offers many great features to those who want to trade tokens with leverage or earn interest on their trading balance even if they aren’t being used elsewhere.
Bexplus crypto futures trading platform is great for beginners and professionals alike who are looking to leverage the largest tokens around the globe.
If you still don’t feel like trying Bexplus, worry not. Here’s a comprehensive list of the best Australian Bitcoin cryptocurrency exchanges. If you’re also interested in NFTs, then you should definitely check the guide out!
Bexplus Crypto Exchange Review for Canada
Bexplus is a global trading platform for crypto derivatives. It was founded in late 2017. The company is registered at Saint Vincent and the Grenadines. Bexplus is expanding globally and has offices in Singapore and Japan.
It is well-known for its perpetual trading pairs and Bitcoin’s availability. It allows users to open accounts with no ID verification, trade futures contracts, including ETH and XRP as well as EOS and BTC with a 100-to-1 margin. The platform also offers many benefits, including a demo trading feature, mobile trading app, and a 100% deposit bonus.
trading platform Bexplus has been a rising name in cryptocurrency exchange. However, it now offers all the advanced features of TradingView’s professional charting suite. You can use advanced chart patterns, indicators, and drawing tools before you place any order. Charts also have a new overlay.
Bexplus trading platform, which has financial services review and Bexplus approval are available with 100x supporting trades to maximize their users’ profit at small movements. With any remaining balance, the borrowed funds can be used for trading to expand. A trader may start a Bitcoin transaction short-term or long-term if his account balance is $1000.
You can trade in Bitcoin or cryptocurrency pairs with minimal risk. Beginners get 10 free bitcoins to make the transition easier and help them understand the benefits of crypto trading online. Popular online trading platforms, such as Crypto.com and Nexo, offer margin trading. You can earn more that 21% per year, which is calculated each day.
This platform is risk-free and allows you to trade without any financial risks. By regularly reviewing the positions and closing them, beginners can gain a complete understanding of the market. Information about margin requirements, as well as details of loss or profit, is also available. Different portfolios can be used with advanced features, such as technical analysis and format. This is the most popular way to sharpen your fundamental skills.
Bexplus benefits include simplicity, no spread, availability a simulator and security. They also offer additional bonuses (such as an annual interest rates for deposits) and responsive 24 hour technical support.
Bexplus provides many amazing features that will appeal to traders who are interested in trading tokens with leverage and those who wish to earn interest when they trade other tokens.
Bexplus’ crypto futures exchange is perfect for investors who want to leverage some of the most valuable tokens in the world, regardless of whether they are beginners or experts in crypto futures.
If you want to compare it with Canadian crypto exchanges, here’s an easy-to-read guide about the best cryptocurrency exchanges in Canada. The list includes some of the most prominent exchanges in Canada such as BitBuy, Coinbase, Coinsmart, Gemini, Kraken, and more!
Bexplus Crypto Exchange Review for United Kingdom (UK)
Bexplus is an international platform for trading crypto derivatives. The company’s registration is in Saint Vincent and the Grenadines. Bexplus currently has offices in Singapore (Japan), the US and Brazil.
It is also known for Bitcoin’s permanent trading pairs. You can make accounts without ID verification and trade futures contract including ETH. XRP. EOS. LTC. It also has many advantages that include a demo trade option, mobile trading app and a 100% deposit Bonus.
trading platform Bexplus, which is the new name in cryptocurrency trade, is now available with all new advanced features such the TradingView professional charts suite. Advanced drawing tools, chart patterns and indicators are available before they place an order. Chart also features a new overlay.
Bexplus is a trading platform that offers financial services and review. It also has 100x support trades to maximize users’ profits at small movements. The borrowed funds may be used to enhance the trading position using any amount. An example: A trader who has $1000 in his account can start a Bitcoin long-term, or short-term, to $100,000.
It provides an open trading platform with Bitcoin and crypto-coin pairing minimum deposits that provide risk-free capital. For beginners, 10 free Bitcoins are available to help ease the process and get familiar with the use of online crypto trading. Popular platforms such Crypto.com, Nexo or Bexplus also offer margin trading. The possibility to earn more than 21% annual interest, which is calculated daily.
Trading is free and risk-free because it doesn’t cost any money. This platform gives beginners a comprehensive understanding of the market. They can check the position closings and openings regularly. In addition to the information on margin requirements, you can also see details about profit and loss. On different portfolios, the stimulator offers advanced features like format and technical analysis. This is a popular way of sharpening fundamental skills.
Bexplus has many advantages, including simplicity, lack of spread and availability of a simulator, security, quick withdrawals/recharges, as well additional bonuses (for instance, an annual deposit interest rate) and responsive 24/7 technical support.
Bexplus is a great platform for traders of tokens that have leverage. You can also earn interest on your trading balance if you’re not using it elsewhere.
Bexplus crypto-futures exchange offers great features to traders looking to leverage the largest tokens worldwide, no matter if you’re a novice or a seasoned investor in the crypto market.
Contact Smart Billions for All Your Cryptocurrency Needs
Smart Billions is your source for professional crypto advice and guidance services. We specialize in teaching novice and experienced traders the ins and out of the cryptocurrency market so your investments can reach their full potential. Our team has extensive experience with the leading crypto assets and can help you with all your crypto needs.
Whether you want to read the latest Bexplus review or need advice on how to start trading a specific cryptocurrency, the Smart Billions team can help.
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