Biki is a cryptocurrency exchange platform that lets you swap between hundreds of different coins and offers advanced trading methods for experienced users.
By:
Theodor Tonca
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment…
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Updated:
Jan 24, 2022
3/5Star rating
15 min read
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Over 160 coins/tokens and 200 pairs available for trading
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
Pros:
Over 160 coins/tokens and 200 pairs available for trading
Anonymous trading
Good reputation, large community
Cons:
No US or Canadian traders allowed
No bonuses or referral/affiliate program
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?
All of the leading coins are included in the 150 that Biki offers. That means you can trade the likes of Bitcoin, Ethereum, Tron, XRP, and many others.
Major cryptos traded on BiKi
Bitcoin
Bitcoin Cash
XRP
Ethereum
Litecoin
Tron
Chainlink
Gemini
Tellor
AOS
Kusama
Status
Sun Token
Uniswap
BitShares
Zcash
Waves
Dash
Qtum
Ontology
BiKi core currency pairs
ETH/BTC
LINK/BTC
BCH/BTC
LTC/BTC
IOST/ETH
EOS/ETH
BSV/BTC
HT/ETH
TRX/BTC
ONT/BTC
XRP/BTC
EOS/BTC
BNB/BTC
ETC/BTC
ZRX/BTC
BLZ/BTC
EOS/USDT
BTC/USDT
XRP/USDT
ETH/USDT
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. Biki also allow users to buy some ETFs.
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.
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.
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.
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.
You can use BiKi through your web browser or on its mobile platform. So you can trade anywhere, at any time.
PC
Tablet
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.
Key features
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.
Coin staking
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 buy back 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.
Extra information
Educational resources
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.
Customer support
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.
Our verdict
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.
BiKi is currently owned by its founder, Winter Li and the co-CEO of Biki.com Du Jun.
How does BiKi make money?
By charging a fixed maker/taker fee of 0.15% on every transaction, as well as on withdrawal fees.
Do I have to pay tax on BiKi profits?
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.
How do I delete my BiKi account?
If you wish to delete your BiKi account, simply write to the customer support team at: [email protected] making a formal request and they will guide you through the process.
How can I short on BiKi?
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.
What if I forget my account password?
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.
Can I transfer from my BiKi account into my PayPal account?
No, BiKi currently only supports direct cryptocurrency transactions.
What if BiKi 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.
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.
Can I access my full trading history on BiKi?
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.
Can I pay in cryptocurrency with BiKi?
Yes, BiKi enables you to directly deposit crypto coins and tokens from your wallet.
Does BiKi offer bonuses?
No, there are no direct trading bonuses currently being offered and the exchange lacks an affiliate/referral program as well.
How do I transfer from Coinbase to BiKi?
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.
Is BiKi anonymous?
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.
Does BiKi have an integrated wallet?
Yes, does offer a proprietary platform hot wallet to store your coins in at this time.
How do I withdraw from BiKi?
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!
Has BiKi ever been hacked?
No, there is no publicly available information to suggest that BiKi has ever been hacked since its August 2018 launch.
Sources & references
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.
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Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly…
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