BigONE exchange review
BigONE is a centralized exchange that occupies #75 on Guru InvestingExchange Tracker. BigONE has trading volume US$385,121,597 in the last 24 hours and US$120,266,095,277 in the last 7 days.
BigONE currently has 116 cryptocurrencies, 0 paper currencies and 125 markets (cryptocurrency trading pairs). The most popular trading pair on BigONE: BTC/USDT.
Compare BigONE next to other exchanges here: Exchange comparison tool.
BigONE is a centralized cryptocurrency exchange (CEX). Founded in 2017, it offers spot and derivatives markets, margin trading and leveraged ETF contracts. Clients of the BigONE crypto exchange can also access services such as liquidity mining, lending and staking.
BigONE requires users to meet basic or advanced requirements. KYC requirements. The Service may not be available in the United States or other countries. BigONE’s spot and derivatives markets are available on desktop and mobile devices.
Markets
BigONE only supports cryptocurrency trading. While fiat currencies cannot be traded directly, stablecoins such as Tether (USDT) are supported. In total, the BigONE exchange features more than 300 trading pairs and more than 120 assets.
Like many cryptocurrency exchanges, it has its own asset – BigONE Token (ONE). Users who own an asset may be entitled to additional privileges on the platform. You can learn more about BigONE cryptocurrency price and market statistics. Here.
There are two types of market preview on the platform:
- Cryptocurrency markets
- Market categories
Cryptocurrency markets provide direct access to spot trading pairs based on BigONE’s 24-hour trading volume. Categorical markets are a tool for block trading. They provide ranking data based on market capitalization. Margin trading with leverage up to 10x, as well as Exchange Traded Funds (ETFs) with up to 3x leveragealso available.
Traders can set up trading strategies manually or use one of the automated tools. Network trade offers recommended options based on the user’s trading history. Additionally, users can use copy trade follow the strategies of the most famous traders of the BigONE cryptocurrency exchange.
Perpetual futures contracts are the main product on the derivatives market. They can be traded with leverage up to 100x. Traders can earn USD rewards for moving funds into their futures accounts or for maintaining BigONE’s cumulative 30-day volume of at least $100,000.
BigONE exchange fees use a tiered structure and are based on a producer-receiver model. Eat five tiers eventually:
- Bronze
- Silver
- Platinum
- Diamond
- Challenger
Levels are based on the privilege points the user has. Points are determined based on criteria such as recent trading activity, BigONE trading volume in the spot, margin and futures markets, level of identity verification and referrals. The rate for the futures producer and recipient is 0.02% and 0.06% respectively and is fixed for all privilege levels.
At the bronze level, the commission rate is 0.2% for all spot traders. Starting at the Silver level, BigONE cryptocurrency fees drop to 0.16% for makers and 0.18% for takers. In addition, the interest rate for margin trading is reduced by 40%.
At the Challenger level, spot trade producer and receiver fees are reduced to 0.06% and 0.07% respectively, while the price of BigONE cryptocurrency for margin trading can be reduced by up to 70%.
Users above bronze level can withdraw higher Bitcoin (BTC) quantity. Silver tier users can access an additional 50 BTC, while Challenger tier has an additional withdrawal quota of 200 BTC. The BigONE cryptocurrency exchange offers other benefits for higher-level users, including exclusive events and gifts.
other services
In addition to markets, the BigONE cryptocurrency exchange offers other financial services. Clients can borrow bitcoins, Ethereum (ETH)and USDT using loan agreements. You can choose the loan term and preferred collateral asset. The lowest daily interest rate is 0.03%.
Liquidity mining is a service that allows users to participate in liquidity pools by investing their assets. The minimum required price of BigONE cryptocurrency to ensure liquidity is $100. Users who become liquidity providers may be entitled to rewards in the form of transaction fees.
BigONE Earn is a platform for earning cryptocurrency, offering income and savings contracts. Users can choose between stable and fixed betting contracts.
Developers can access BigONE API Toolkit. It provides information about the spot market and BigONE contracts, including order book data, positions and live market indicators.
About company
BigONE cryptocurrency exchange was originally founded in China in 2017. However, after the introduction of cryptocurrency restrictions in China, the company had to move. It is currently registered in Bleiswijk, the Netherlands. There is little official information about the founding team. The general director of the company is Yang Tian.
BigONE related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
