Welcome to the CryptocurrencyExchanges.com review of the Bexplus trading platform. In this detailed guide, we’ll be taking a deep look into Bexplus.com – a bitcoin-based crypto derivatives platform which offers up to 100x leverage trading.
In this Bexplus review, we will also be taking an unbiased glance into the exchange’s features, company and more.
What is Bexplus?
To put it simply, Bexplus is a cryptocurrency exchange which lets you trade Bitcoin, Ethereum, Litecoin, EOS & XRP on a perpetual and futures contract basis.
Bexplus launched in 2017 in Saint Vincent and the Grenadines and has since set up offices in Singapore, Japan, US & Brazil. The Bexplus trading platform is available worldwide apart from a few select locations.
The official website is https://bexplus.com.
The Bexplus exchange boasts an array of different features all tailored to improve the experience of its users. We’ve compiled some of the main features of the exchange below.
- Up to 100x leverage trading
- Real-time market notifications
- Mobile app
- 10 BTC demo funds
- Go short (sell) or long (buy) on cryptos
- Trade cryptos online
Bexplus is not regulated since it is registered in a jurisdiction where it is not required to be regulated. This may come as a shock to some traders, but it’s actually quite common for crypto exchanges to not be regulated.
With that in mind, platforms like this are usually pretty safe to use, however, it is important to note that it would be more difficult to recover your money from a company like Bexplus should something go wrong since it is not regulated or insured, and for that reason, I suggest that you take care using this trading platform and only invest what you can afford to lose – like with any crypto trading.
Bexplus currently only offers 5 different trading pairs, all are USDT pairs – there are no leveraged crypto-crypto trading pairs like BTC/ETH yet. The available trading pairs are as follows:
Bexplus offers a dynamic transaction fee for each trade. It ranges between 0.075% – 0.195% depending on the pair you are trading. The trading fees for each pair are as follows:
- BTC/USDT: 0.075%
- ETH/USDT: 0.151%
- LTC/USDT: 0.193%
- EOS/USDT: 0.195%
- XRP/USDT: 0.195%
With regards to deposit and withdrawal fees, there is no deposit fee however you do have to pay a 0.0005 BTC withdrawal fee when you withdraw BTC from the crypto derivatives platform.
Register & Login
Getting started with a Bexplus account is simple; all you need is an email address and a password – also, they don’t require any KYC checks since it is not regulated. To register for a Bexplus account and login to it, use the steps below.
- Visit the Bexplus website here
- Click ‘Sign up’
- Enter your email address
- To the right of the verification box, click ‘Send’
- Open your email account, copy the verification code and paste it into the box on the registration form
- Enter a password of your choice
- Use invitation code: 3KSOmx
- Hit ‘Sign up’
- All done
When you want to login to your Bexplus account, just go to the Bexplus website and click on ‘Log in’.
Deposit & Withdrawal
When you’ve successfully registered on the exchange, you’ll need to make a deposit before you can make a trade.
To make a deposit on Bexplus, login to your account, head over to your account tab, select ‘Deposit’, copy the Bitcoin address and deposit your Bitcoin onto the Bexplus platform. The minimum deposit on Bexplus is 0.001 BTC.
The main deposit method on the platform is Bitcoin, however, they do offer a way for you to make deposits with credit/debit cards and Altcoins with their integration with Changelly – a third-party crypto payments processor.
Once you’ve made your deposit, it should arrive within 10-15 minutes, although if the network is busy, then it may take a little longer.
To withdraw from the platform, go to the ‘Withdrawal’ tab on your account screen, enter the Bitcoin address you want to withdraw to, get the verification code and then proceed to withdraw your Bitcoin.
According to their website, Bexplus is available in all countries except China, Cuba, Iran, North Korea (DPR of Korea) & Spain.
Also, it’s interesting to note that they didn’t include the United States in this list, however, it is expected as with most crypto derivatives platforms, that Bexplus is forbidden in the US.
So, with that information, we can deduce that the exchange is worldwide, even though there are a few locations which are prohibited for unknown reasons. The available countries list may change at any time from this review, so make sure to check the up-to-date information on their official website here.
Safety & Security
The Bexplus crypto exchange uses different security measures to ensure that their customer’s funds are kept safe. Some of the main security features on the trading platform are:
- Distributed servers
- Cold wallets with multi-signature encryption
In addition to these measures, users can use 2FA to secure their accounts.
The support of any crypto exchange is vital for its success. Customers need to be able to get any issues fixed in an instant, otherwise, they’ll most likely look elsewhere. Well, with this in mind, let’s take a look at the customer support on the exchange.
Bexplus customers can use the 24/7 helpdesk as well as the customer support email firstname.lastname@example.org to get help.
To review Bexplus, I made a test support query to see how they responded, and I have to say – I was impressed with how quick it was. I made the customer support request at 10 AM and had received a detailed reply by 2 PM on the same day.
Bexplus offers a huge 100% bonus up to 10 BTC which means that they’ll give you 100% on top of any deposit you make up to the value of 10 BTC. This is one of the best crypto bonuses I’ve ever seen. You can read the entire promotion rules on their website here.
I haven’t personally tested this bonus and therefore can’t vouch for its legitimacy, but it seems very generous – is it too good to be true?
For traders that enjoy trading Bitcoin and other cryptocurrencies on the go, there is a fully-functional free mobile app for both IOS & Android (Google Play) devices. The mobile app lets you trade and manage your account balance on your mobile device or tablet. To download the Bexplus app, use the following links:
I personally found the app very slick and easy-to-use. It gives the exchange a one-up on its rivals such as BitMEX who don’t offer a mobile app. Every online service should offer an app is this day and age.
Bexplus Review: Conclusion
I’ve covered a lot about the exchange in this review, however, you may still be wondering if it is right for you. I hope I can help clear this up for you.
The Bexplus exchange is ideal for those who are looking to trade cryptocurrency derivatives with leverage. It’s interface is very simple to use, however it is limited in terms of advanced features and liquidity.
For these reasons, I would say that the exchange is good for those starting out trading cryptos with leverage, but for more advanced users, I recommend Bybit as an alternative which offers a bit more flexibility in terms of orders and functionality.
Even though the exchange is functional, there are some things that concern me a little. Mainly, it is a bit strange how Bexplus isn’t transparent with regards to their team and the company behind the platform – I couldn’t find any personal information whatsoever which as I mentioned before, is pretty common with crypto exchanges, although it does place some doubt in my mind with how much you can trust this particular crypto broker.
For trading cryptocurrencies, this exchange works, but it isn’t the best one available, therefore I suggest that you take a look at our list of the top cryptocurrency exchanges before registering for this one.