Biki review 2023

Biki offers a crypto exchange with leveraged derivative and ETF trading. It’s a platform aimed at traders who already know their way around a cryptocurrency trading platform, but for them it offers a safe and stable exchange with plenty of different ways to trade. Keep reading this review to find out everything you need to know about Biki.

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 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, and crypto 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.

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.

BiKi trading platform

What devices can I use BiKi on?

You can use BiKi through your web browser or on its crypto mobile app. 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.