Bitcoke Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?
About Bitcoke Cryptocurrency Exchange
Registered in the Cayman Islands, Bitcoke Cryptocurrency Exchange is a Hong Kong-based one-stop crypto trading platform, featuring Quanto swap perpetual contracts. They are committed to combining trading prowess with characteristics of the crypto market, so as to provide a transparent, professional, and user-friendly experience for customers, meanwhile meeting the diversified requirements from various investment entities such as retail customers, professional traders, investment institutions, etc.
The founding team consists of famed professionals in finance and blockchain venture capital. The CEO has served as the director of proprietary trading in a renowned investment bank and possessed extensive operation and management experience in the financial sector. The technical partners are experts in the field of high-frequency trading systems, responsible for developing a high-frequency trading system of Merrill Lynch before joining Bitcoke.
The CTO and IT team members are former staff of Google, Credit Suisse, Merrill Lynch, Morgan Stanley, and other tech companies. They are deft at the trading system, settlement, risk management. The Chief Product Manager, prior to current positions, was a derivatives trader in a famous hedge fund and lead a quantitative team with high-performance records.
Operating Company
| Exchange Name | Bitcoke Cryptocurrency Exchange |
| Support | 24/7 |
| Deposit Fee | Free |
| Withdraw Fee | 0.0005 |
| Taker Fee | 0.03% |
| Maker Fee | 0.02% |
| Official Site | Homepage |
How To Start With Bitcoke Cryptocurrency Exchange
To Start Trading With Bitcoke Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Bitcoke Exchange Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Bitcoke Cryptocurrency Exchange .
BitCoke Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
This exchange’s trading fees for takers is 0.03%. This fee is substantially below the historical industry average, which is arguably around 0.25%. They are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. But, obviously, BitCoke’s taker fees are very low also in comparison with them.
BitCoke also offer trading fee discounts for makers, who trade at 0.02% (33% discount compared to takers). This maker/taker fee model promotes the liquidity at the exchange and is an appreciated feature with this platform.
BitCoke Withdrawal fees
BitCoke charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is below the global industry average with roughly 40% (seeing as the global industry average BTC-withdrawal fee is 0.000812 BTC per BTC-withdrawal, at least when we did our most recent empirical study of withdrawal fees). All in all, the fees here are low and thus also consumer-friendly.
Deposit Methods
Bitcoke Cryptocurrency Exchange does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.
Mobile Support
This platform is not only available from your desktop, you can now also access it via your mobile. It is “multi-terminal”. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. If you’re one of those people, then this platform can still be for you.
Why Choose Bitcoke Cryptocurrency Exchange
Quanto Swap
Support any crypto as margin to conveniently trade all contracts available.
High Performance
Match trading by system memory, able to execute million level TPS transactions.
Superb Liquidity
Excellent market depth and low trading fee.
Asset Isolation
Cutting-edge cold storage safeguards asset security.
Article Disclaimer
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .
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