BCEX Broker Review
A Brief Overview
BCEX is a cryptocurrency exchange company based in Vancouver. It was originally started in 2017 in China, but the ban on digital currencies in the country forced it out of the country. It also maintains offices in Tokyo Japan. The exchange started with the aim of providing South East Asians with a secure crypto exchange platform, and this may explain why it doesn’t accept customers from the United States, Africa or Europe.
Available Assets and securities
BCEX specializes in crypto to crypto exchanges. Popular digital currency pairs traded on the platform involve:
- Ethereum
- Bitcoin
- Ripple
- Zcash
- Litecoin
- Dogecoin
- Zash
- Ethereum classic
Fees
One can only deposit funds into their Bcex crypto exchange account using digital currency as the platform doesn’t support fiat currency deposits. The taker is also charged a transaction fee of 2% trading fees. Unlike most other exchanges that have a fixed withdrawal charge, BCEX charges up to 0.5% of the coin amounts as withdrawal fee.
Customer support
BCEX exchange’s support only Chinese and Japanese languages. The team can be reached through the support email: service@bcex.hk, or their Facebook, Twitter, and Telegram channels. You will, however, not find a rating for the broker’s customer service.
Pros
- A viable market for southeast Asia crypto traders
- A large pool of tokens that relate to its market
Cons
- Founding, ownership and broker’s operations shrouded in mystery
Verdict
In conclusion, there is minimal information online and on the broker’s official website with regards to its ownership, modes of operation like how they store the coins and even less about its parent company. These red flags scream the need for cautiousness when dealing with BCEX broker.
