Review of Biki
Along with its coin exchange, Biki also offers leveraged derivative and ETF trading. It’s a platform aimed at traders who already know their way around a cryptocurrency platform, but for them it offers a safe and stable exchange with plenty of different ways to trade.
Pros & Cons
What can I do with BiKi?
Trade all of the most popular cryptocurrencies, with more than 150 available and almost 300 different pairs to swap between. It also lets you trade leveraged ETFs to speculate on the price performance of a wide variety of different assets.
Biki is based in Singapore and since its foundation in 2018 it has accumulated more than 2 million registered users worldwide, including more than 200,000 active daily users.
BiKi cryptocurrencies and trading options
Which cryptocurrencies can you trade on Biki?
Major cryptos traded on BiKi
- Bitcoin Cash
- Sun Token
BiKi core currency pairs
All BiKi trading options
BiKi has a wide range of trading options available for Bitcoin, Ethereum, and other leading cryptocurrencies. You can swap between lots of different crypto pairs, trade futures contracts on coins, and even some ETFs.
Can I trade with leverage on BiKi?
Yes, BiKi supports up to 3x leverage. This is slightly lower than other brokers, some of which only offer much higher leverage options on popular crypto pairs. Keep in mind that leveraged trading carries additional risk of loss. We advise you steer clear unless you are an experienced trader.
What are the spreads?
Rather than impose a trading spread, BiKi charges fixed maker/taker fees on every transaction. These are 0.15% for both maker and taker, which is in line with other major brokers.
Fees, limits, and payment options on BiKi
What are the deposit and withdrawal fees, limits, and speeds?
Biki only accepts deposits and withdrawals in cryptocurrency at the moment. However, it doesn’t charge deposit fees and the withdrawal fees start at 0.0005 BTC per transaction for Bitcoin withdrawals.
How much are BiKi’s fees and commissions?
BiKi’s fixed maker/taker fee of 0.15% on each side is slightly on the high side, but within range of most other exchange platforms.
|Fee type||Fee amount||Commission|
|Fee type||Fee amount||Commission|
|Crypto trading||0.15% maker/taker fee||None|
BiKi trade sizes and limits
BiKi’s minimum trading sizes are standard among crypto exchanges, but its max trade size is higher than most. This is particularly notable considering the fact you can trade anonymously, which tends to lead to reduced trading limits on other platforms.
|Product||Minimum trade||Maximum trade|
|Cryptocurrencies||0.01 lots||1,000,000 equivalent of crypto assets|
|Crypto futures||0.01 lots||No limit|
|ETFs||0.01 lots||No limit|
BiKi trading platform
What devices can I use BiKi on?
You can use BiKi through your web browser or on its mobile platform. So you can trade anywhere, at any time.
- iOS Mobile Device
- Android Mobile Device
Can I use BiKi in my country?
BiKi is currently available in more than 100 countries around the world, with the exception of the United States and Canada due to regulatory constraints. Select your country from the list below to see if it is available where you are.
Is BiKi available in my language?
BiKi is a multi-lingual exchange that presently supports a total of six languages: English, Russian, Chinese, Japanese, Vietnamese, and Korean.
How easy is it to use BiKi?
BiKi’s cryptocurrency exchange is simple in its layout and design and easy to use. It gives you everything you need from a functionality standpoint, being able to place trades from inside trade boxes in just three easy steps on a wide range of coins, tokens, derivatives, and even ETFs.
The platform’s compact design means it translates over well to your mobile device without compromising ease of use and it is available for either iOS or Android mobile devices.
BiKi is focused on providing a secure, stable, immersive trading experience. Here are a few of the top features it uses to accomplish this.
Crypto, fiat, derivative & ETF trading
BiKi’s diverse exchange enables trading in multiple asset classes, with low fees, on a secure, stable platform.
BiKi enables you to earn interest by keeping your coins locked in a wallet and the longer you keep them there, the more coins you will earn as a reward. You can stake top coins such as Bitcoin, Ethereum, and a few others.
BiKi token buyback & burning
BiKi allocates 100% of the transaction fees it receives to buyback and burn their proprietary token – BiKi Token, so as to increase its value by limiting supply.
Security and regulation
Is BiKi safe?
BiKi deploys standard security measures on its websites such as HTTPS logins and exchange transactions. Beyond this BiKi does not go into detail about what (if any) additional security measures it has in place to protect traders.
Am I and my cryptocurrency protected?
BiKi is not insured by any third-party, so your funds are not guaranteed in any way.
Is BiKi regulated?
No, BiKi is not regulated by any recognised financial authority in any country or territory.
Do I have to verify my account with BiKi?
No, you can trade anonymously. However, if you do complete account verification, upload your personal identification documents, and take the other necessary steps, then you will be eligible for higher leverage, trading, and withdrawal limits.
Beyond BiKi’s Help Center, which offers a FAQ sub-section and guides to contract and leveraged trading. There aren’t any educational resources such as articles or video tutorials available.
Tools and charting
BiKi’s proprietary trading platform comes complete with detailed order books, 3-step trade boxes, and multiple order types.
Its charting capabilities are standard and similar to what you will find on other exchanges. There are customisable layouts, time frames, and indicators, such as true ranges and Bollinger bands.
BiKi provides 24/7 live chat support on its website in up to six different languages and there is also a general inquiry email to write to the support team.
Alternatively, you may also reach out via BiKi’s social media channels, such as Twitter and Facebook or via its dedicated Telegram communities.
BiKi’s digital asset trading platform is easy to get started with due to the easy sign up process (no verification is required to start trading), simple web browser and mobile exchange.
There is a wide variety of assets available for trading from coins/tokens to derivatives, and even ETFs, which is more than can be said for most exchanges that are dedicated primarily to cryptocurrencies. The exchange is also widely available, with multi-lingual 24/7 support and registration possible from more than 100 countries.
Some things BiKi lacks however, are the lack of dedicated educational resources and built-in professional/institutional trading tools. Having said that, BiKi’s uncomplicated sign-up process, various asset availability, and low trading fees make it a highly usable platform.
How to buy and sell cryptocurrency with BiKi
How to buy crypto on BiKi
- Log into your account
- Search for or click on the coin/token you would like to buy
- Input the amount and price you would like to buy at
- Click on the green “Buy” button
How to sell crypto on BiKi
- Log into your BiKi account
- Click on the coin/token or pair you would like to sell
- Input the price and amount you would like to sell
- Click on the red “Sell” button
BiKi is currently owned by its founder, Winter Li and the co-CEO of Biki.com Du Jun.
By charging a fixed maker/taker fee of 0.15% on every transaction, as well as on withdrawal fees.
Depending on the country of your residence, you might be asked to pay taxes on any profits you earn through BiKi. Check your local tax regulations to determine what applies to you.
If you wish to delete your BiKi account, simply write to the customer support team at: firstname.lastname@example.org making a formal request and they will guide you through the process.
Just log into your BiKi account and click “Balances”. Click on the Leveraged Account link on the left hand side of the page, once on that page, select the crypto/token pair and click “transfer”. Once the coin/token is in your leverage account, select the amount and price you would like to short sell at, and click confirm.
Simply click on the Log In link in the header bar on BiKi’s website. Click on “Forgot Password?” Enter your email address and a confirmation link will be sent to reset your password.
No, BiKi currently only supports direct cryptocurrency transactions.
All of your open trades are processed in real-time and will be visible in your trade history.
In the event that BiKi ceases operations altogether, it does not carry any deposit insurance by any financial authority therefore your deposits are not protected in any way.
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.
Yes, BiKi enables you to directly deposit crypto coins and tokens from your wallet.
No, there are no direct trading bonuses currently being offered and the exchange lacks an affiliate/referral program as well.
Simply choose the ‘send’ option in your crypto wallet, fill in all the required data and provide an external Crypto wallet address (BiKi). You will then receive a QR code to complete the transaction.
Yes, you can trade anonymously on BiKi. However, 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 BiKi.
Yes, does offer a proprietary platform hot wallet to store your coins in at this time.
To make a withdrawal, simply log into your account, click on “balances” and select “Exchange Account. Select the withdrawal address, input the address notes and withdrawal amount. Click on “Withdraw” and you’re done!
No, there is no publicly available information to suggest that BiKi has ever been hacked since its August 2018 launch.