Bexplus Trading Platform Review
Has iOS app: Yes
Has Android app: Yes
Service: Futures trading on prices of Bitcoin, ETH, LTC, EOS, and XRP
Launch Year: 2017
Headquarter: Hong Kong
Pros to Use Bexplus
Privacy – No personal details is requested when signing up (Non-KYC)
Easy registration – Only email verification is required
Flexibility – Long & short trade to earn profit whether price goes up or down
Profitability – 100x leverage to 100x the earning
Fees – 100% transparent in a Profit/Loss Calculator
Smoothness – Quick execution with a smallest slippage
Beginner-friendly – A 10-BTC funded demo account to learn how to trade and practice strategies
Languages – English and 14 other languages
Multiple Devices – Windows, MacOS, Android, iPhone
Support – 24/7 Customer Service
Cons to Use Bexplus
Product variety – Only crypto trading pairs, no stocks and oils futures
Available Regions – Does not allow registrant from China / Cuba / North Korea / Spain
How to Get an Account to Trade
Unlike those USA-based exchanges such as Coinbase, Robinhood that will ask your sensitive personal details like real name, phone number and physical address, Bexplus does not require you to submit any documents to use Bexplus services. Exemption of KYC / AML procedures allows you to create a full-featured account just in 30 seconds, all you need to do is to verify an email address.
For those who concern privacy much more, it’s recommended to use disposable email service and use a VPN.
How to Practice and Train Yourself
A demo account is created together when you have the trading account in hand. The demo account has a 10-BTC balance so that the user can test bold and wild trading strategies. All trading operations are simulated in a sandbox environment where all prices are the same as the real market.
The access to the demo account is integrated in the same website/app so you can switch between the real account and the demo at any time.
Bexplus also provides academy materials and 1-on-1 trading education if you need it. Be patient and make sure you have understood how to build your insights.
How to Deposit Funds and Withdraw Earnings
After registration, you will get two financial accounts: the trading balance and a wallet account. The funds you deposit will go to the trading balance. Just click your username on the right-top corner, you will see the Deposit button in the right sidebar. Going into the Deposit page, there is a BTC wallet address which is to receive your deposit. You can copy the address or scan the QR barcode with your own own BTC wallet tool. Bexplus does not charge fees on deposit but the blockchain network will generally charge a very small fee for the transaction.
The minimum deposit amount is 0.001 BTC
If you have no bitcoin in hand, Bexplus provides a gateway service called “Changelly ” to swap USD, EUR and GBP to bitcoin. Changelly will charge you 0.25% as service fee for exchange. You don’t need to register an account or provide anything to Changelly.
As described in the official website, your bitcoin is stored in offline cold wallets that are immune to online attacks. A cold
Once you have made a profit at Bexplus and want to withdraw out, just locate the “Withdrawal” section in the same sidebar. Submit the desirable withdrawal amount, the application will be sent to the financial department to review before your funds can be moved out of the cold wallets. Users need to confirm their address via email to double check the bitcoin address. The whole procedure usually ends within 5 minutes to 1 hour. The withdrawal window is open 24 hours a day to make no obstacles to keep your cash flowing between different exchanges and wallets.
How to Trade and What Tools to Use
Market Shift is a Good Thing for Futures Trading
The market shift is deeply loved by futures traders because traders can make profits through a short trade even in a bear market. At the time many people are losing market in the stock market plunge last month, some bitcoin traders have taken profits by shorting bitcoin. As much more uncertainty is seen globally, the market shift is a secret path to make profits online.
Fewer Margins, Higher Profits
Bexplus provides a 100x leveraged trading feature. A 100x leverage allows you to invest 1 btc but enjoy the profits equal to 100x btc investments. It amplifies the changes of prices to 100x more, for example, if the price increases or falls by 1.25%, a 100x leveraged position in the right direction will be settled as a 125% change, meaning that your investments are 100 times empowered.
A loss might happen if the bitcoin goes in the opposite direction you predict. With Bexplus’ stop-loss feature, the system will automatically close the position when you’re asleep.
Bitcoin Hodlers Who Trade Less can Make Profit As Well
High annual interest (APR). The annual interest offered by Bexplus looks very attractive compared to the rates from competitors: while Bexplus’s minimum interest is 18%, while most services offer just 4-10%.
Fast withdrawal and no penalties for early withdrawal. Bexplus allows withdrawal at any time and manages all the requests within 1 day. No penalties for early withdrawal used: investors are able to take their coins if they’d change the mind (and still receive the interest).
Low minimum deposit amount. Investors can make a deposit starting from 0.05 BTC. Most lending platforms limit minimal amounts to 1 BTC.
Two-factor authentication and cold storage. Most of the bitcoins are stored in an offline storage system (cold storage), while only a small amount is kept in the hot storage. The platform uses multiple signature access, all the transactions are performed manually by several staff members.
Quick access to trading. Still, Bexplus mainly is a trading platform, so if you want to trade your stored BTC — transaction to the trading account is instant and has no commission fee.
Is it too good to be true? Apparently such a high interest rate can beat almost all other investment products in the world, how could it be real? From the rules of the wallet we can see why they can keep it running: (1) if the user does not trade after 30 days, the interest rate will drop to 3% which is quite reasonable; (2) leverage trading generates high profit much more than spot trading to support such a promotion.
The most significant advantages to use Bexplus is its concise interface and the beginner-friendly demo account. Bexplus offers tools to balance high profit and risk control to make use of 100x leverage trading. No KYC verifications keeps Bexpus a safe harbor when some exchanges have records of leaking users’ personal data or even surrender to expose data to gov’nts and agencies. The interest-bearing wallet service makes Bexplus stand out from all crypto futures exchanges.
Disclaimer: This article is a paid press release provided by a third-party source and should not be viewed as an endorsement by SludgeFeed. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.