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Updated on
Mar 19, 2024
Reading time 8 minutes
Bidesk is a digital asset trading platform and cryptocurrency exchange that offers exposure to a wide range of cryptocurrencies. The platform has a native Bidesk Token, which provides holders with benefits.
Bidesk’s clients range from beginners who are buying their first cryptocurrency, to professional traders, to institutional traders with stable trading experience. The overall goal is to create a safe and secure trading environment for coins and tokens. Keep reading this review to find out everything you need to know about Bidesk.
Bidesk is no longer in operation. Use our guide to find the best crypto exchange in 2025.
What can I do with Bidesk?
Bidesk is a relatively new exchange, only being operational since October 2019. It lists crypto tokens (including its own Bidesk Token), and some derivatives for trading.
It also offers a crypto app for both iOS and Android devices, which has a compact, easy to use trading screen and its maker/taker trading fees are relatively low in comparison to many other notable exchanges today.
Pros & Cons
Pros:
Exchange, Spot, and Futures trading all in one platform
Coin staking and referral bonuses
Android and Apple mobile apps
Cons:
Limited selection of crypto coins at this time
Limited language support (only two languages)
Can I open an account with Bidesk?
Yes, residents of Singapore can open an account with Bidesk.
No, residents of Singapore cannot open an account with Bidesk.
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Bidesk currently offers a total of 36 crypto coins and tokens for trading, including Bitcoin, Ethereum, Litecoin, and XRP.
Major cryptos traded on Bidesk
Bitcoin
Bitcoin Cash
XRP
Ethereum
Litecoin
Cardano
Chainlink
Monero
NEO
EOS
Dash
Cosmos
Tezos
Dogecoin
Ontology
Tatcoin
HEX
Tellor
Wabi
Decentr
Bidesk core currency pairs
BCH/BTC
XRP/BTC
ETH/BTC
LTC/BTC
XMR/BTC
ADA/BTC
XTZ/BTC
BSV/BTC
ONT/BTC
ETC/BTC
TRX/ETH
TAT/BTC
WABI/BTC
HEX/BTC
DASH/BTC
DOGE/USDT
EFX/USDT
LINK/USDT
NEO/USDT
EOS/USDT
All Bidesk trading options
Bidesk provides a fairly standard, yet limited crypto coin and token roster, including all the usual names you would expect such as Bitcoin, XRP, Litecoin, and Ethereum. Apart from this, it offers just a few Bitcoin futures for trading.
Yes, Bidesk enables futures traders to trade with up to 50x leverage. Please keep in mind that futures trading is a highly risky endeavour, with the potential for significant loss.
Instead of spreads, Bidesk charges fixed maker/taker fees on each transaction. These are 0.1% for the taker and 0.1% on the maker side as well, which is on the low side compared to others in the industry.
Bidesk’s fixed maker/taker fees are relatively low, which is likely due to the fact that it is a new exchange and wants to attract new clients to its platform.
Bidesk doesn’t offer a lot of transparency into its minimum and maximum trade sizes, but we were able to uncover the below info in the table, which stacks up well against other exchanges.
Bidesk’s trading platform is available in the browser and it also offers a downloadable mobile app.
PC
Tablet
iOS mobile devices
Android mobile devices
Can I use Bidesk in my country?
Bidesk is currently available in over 60 countries, including the United Kingdom, Spain, Turkey, and Japan. Select your country from the list below to see if it is available where you are.
Is Bidesk available in my language?
Currently Bidesk only offers support in two languages: English and Mandarin. This is less than most other crypto exchanges today.
How easy is it to use Bidesk?
Bidesk offers a very simple exchange that enables traders to do everything they need from a browser based and mobile platform.
The trading experience translates well to the smaller, more condensed screen of the mobile device, without lag when trying to execute a trade. Bidesk also recently partnered with a third-party payment provider to start accepting debit/credit card deposits and withdrawals, which will make its exchange even more accessible.
Key features
In spite of its simplicity, Bidesk has a few notable features it offers traders, as per the below.
Coin Staking
Similar to earning interest on an investment with staking, your coins are locked in a wallet and the longer you keep them there, the more coins you will earn as a reward. Bidesk offers the capability to stake top coins such as Bitcoin and Ethereum.
Futures Trading
Bidesk gives you the choice to profit from trading a limited number of Bitcoin or Ethereum futures, for relatively low fees of 0.02% on the Maker side and 0.04% on the Taker side.
Community Groups
Bidesk lets you interact with other traders and discuss strategies, recently released crypto news, and just hang out and get to know the community. There are several different communities based on geography – English Group, Indian Group, African Group, and a few others as well.
Bidesk emphasises a safe and secure trading environment and it has Two-Factor Authentication (2-FA) enabled. It also has HTTPS encrypted logins for every attempt.
Am I and my cryptocurrency protected?
Bidesk is not an insured exchange with any recognised authoritative body and as such, your deposited funds are not guaranteed in any way.
Is Bidesk regulated?
No, Bidesk is not a regulated exchange with any regulatory body, anywhere in the world.
Do I have to verify my account with Bidesk?
No, however without verification both your trading and leverage will be limited. As will the amount you are able to withdraw at any one time.
Bidesk like the majority of other reputable exchanges adheres to a Know Your Client (KYC) policy and you will need to upload at least two pieces of valid ID in order to verify your account.
Extra information
Educational resources
Bidesk has very minimal educational resources, keeping consistent with its simple, no frills style. The extent of the educational resources that can be found on its website consist of a support section, which introduces you to various coins and also has a news sub-section.
There is also an FAQ section, which further elaborates on how to use the exchange’s basic features.
Tools and charting
Bidesk’s proprietary web and mobile-based exchange offers multiple trading tools, such as multiple order types and various order book views (1 integer, 2 decimals, etc.). The chart also allows full customisation, from the style, background, scales, and timeframe view, from one minute to one month.
Customer support
Bidesk provides 24/7 live support via a Zendesk chat on its website, in two languages. Apart from this you can submit a formal request online and a member of the support team should reply within 24 hours time.
Our verdict
Bidesk is a digital asset exchange, enabling both individuals and institutions to trade crypto coins, tokens, and even some crypto derivatives via its web and mobile-based proprietary platform.
Since launching in October of 2019, it has become known for its consistent liquidity and active community of traders, all of which have dedicated Telegram groups. There could definitely be more coins available for trading beyond the current roster of 36, as well as trading tools, and educational resources. But Bidesk is still a brand new exchange, which just celebrated its first year anniversary. Because of its execution on the exchange end and a good overall trading experience, we will exercise patients in waiting for additional features.
Unfortunately no publicly available info is currently available on Bidesk’s founders, team or funding.
02
How does Bidesk make money?
Bidesk makes money by charging fixed maker/taker fees on every transaction completed on its platform.
03
Do I have to pay tax on Bidesk profits?
Depending on the country of your residence, you might be asked to pay taxes on any profits you earn through Bidesk. Check your local tax regulations to determine what applies to you.
04
How do I delete my Bidesk account?
If you wish to delete your Bidesk account, simply get in touch with customer support by submitting a support ticket and they will guide you through the process.
05
How can I short on Bidesk?
You can short on TradeATF by selling any asset that you believe will fall in value. If this drop in price materialises, you can buy back the asset at the new lower price, pocketing the profit.
06
What if I forget my account password?
Simply click on the Log In link in the header bar on Bidesk’s website. Click on “Forgot Password” Enter your email address and a confirmation link will be sent to reset your password.
07
Can I transfer from my Bidesk account into my PayPal account?
No, Bidesk currently only supports crypto, debit/credit transactions, and bank transfers.
08
What if Bidesk closes down while I have open trades?
All of your open trades are processed in real-time and will be visible in your trade history.rnrnIn the event that Bidesk ceases operations altogether, it does not carry any deposit insurance by any financial authority therefore your deposits are not protected in any way.
09
Can I access my full trading history on Bidesk?
Yes, you can view your entire trade history once logged into the exchange by scrolling to the Trade History tab at the bottom of your trading dashboard.
10
Can I pay in cryptocurrency with Bidesk?
Yes, Bidesk enables you to directly deposit crypto coins and tokens from your wallet.
11
Does Bidesk offer bonuses?
While no direct trading bonuses are currently offered, Bidesk does enable you to both stake coins and refer others to the service in order to earn rewards.
12
How do I transfer from Coinbase to Bidesk?
Simply choose the ‘send’ option in your crypto wallet, fill in all the required data and provide an external Crypto wallet address (Bidesk). You will then receive a QR code to complete the transaction.
13
Is Bidesk anonymous?
Yes, Bidesk does enable you to trade anonymously. Albeit with lower trading limits and withdrawal caps. In order to have these lifted, you will need to verify your account by submitting copies of your personal ID to Bidesk.
14
Does Bidesk have an integrated wallet?
No, it does not offer any type of proprietary wallet to store your coins at this time.
15
How do I withdraw from Bidesk?
Simply log into your Bidesk account. Once logged in to your account, click “Balance’ on the upper right-hand side of the page, input the ticker of the coin/token that you want to withdraw. Add your wallet address on the withdrawal page. If you have set up 2FA (Two-Factor Authentication) such as SMS or Google Authenticator, enter the verification code and click on confirm.
16
Has Bidesk ever been hacked?
No, Bidesk has not been hacked since it publicly launched in October 2019.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Charlie Hancox
Financial Writer
Charlie Hancox
Financial Writer
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Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing mining platform in the world. He's interviewed CEOs of billion-dollar commodities companies, and is an avid investor and trader in commodities, stocks and cryptocurrencies....