BankCEX is a centralized cryptocurrency exchange. It's also a platform with a primary emphasis on accelerating the widespread use of cryptocurrencies, as well as improving the experience for end users, and maintaining regulatory compliance. Apart from exchanging crypto assets, BankCEX users also have passive-income-earning possibilities and a launchpad.
BankCEX requires users to undergo a KYC verification process. The platform is available on computers and mobile devices.
Markets
The exchange has 80 BankCEX trading pairs and allows both crypto-crypto and crypto-fiat trading. The most popular trading pairs include ETH/USDT, LTC/ETH, and BTC/USDT. Each one of these trading pairs has a different BankCEX trade volume.
The exchange allows both spot and derivatives trading. There are different categories of BankCEX spot markets on the BankCEX cryptocurrency exchange, which include the following:
- BTC Markets
- ETH Markets
- BANK Markets
- USDT Markets
For the majority of the coins and tokens, there is no deposit fee (with exception of just a few). However, the withdrawal fees are variable. The BankCEX volume is also subject to changes according to the circulating supply of the tokens.
BANK is the native utility currency of the platform. It can be used to access premium services that are unique to the platform, as well as reduce trading costs by up to 80%.
BankCEX crypto exchange works on a makers-takers model for fees. For takers and makers, its default value is 0.1%. If a customer has at least 5,000 BANK coins in their wallet, the cost that they have to pay might be reduced by 50%.
The BankCEX crypto fees levy is taken only for depositing those cryptocurrencies for which costs are likewise levied for the burning of those coins. For example WHX, SHIBS, and ROK. On the other hand, BTC, ETH, LTC, and BANK may all be deposited without incurring any fees. The BankCEX exchange fees associated with withdrawing funds are subject to constant revisions based on the current state of the blockchain.
Other Services
Apart from trading, another important service provided by the platform is BankCEX Launchpad. It provides new projects with crowdfunding possibilities and investors with early access to promising projects. Besides, the projects that were incubated by BankCEX Lab have priority to hold ICOs on BankCEX Launchpad.
Moreover, the exchange offers income-earning possibilities. However, those who own significant quantities of BANK tokens are the only ones who are eligible for additional revenue in terms of passive income. Though in order to get this BankCEX crypto price, one must not only retain coins but also actively exchange assets.
Besides, the exchange has a referral program. At first, the percentage of the incentive for referrals is set at 10% of the total transactions done by customers who have been invited. For this rate to climb to 50%, the person who is referring must have a wallet balance of 5,000 BANK tokens or greater. When one of the invitees makes a purchase or sale of crypto, the money is transferred immediately and in real time. The digital currencies that are used to collect the trading fees are also the ones that are used to pay out the referral incentives.
About the Company
BankCEX is a corporation that specializes in information and blockchain technology. It also operates as an exchange platform for cryptocurrencies. BankCEX is headquartered in Singapore.
Gerard Dache is the CEO of the BankCEX cryptocurrency exchange. He initiated the creation of BankCEX in August 2018. His belief that one of the most important trends of the twenty-first century will be the digitalization of value, made possible by blockchain technology, is well-founded. Gerard's objective is to make it easier for blockchain technology to be integrated into the workings of the global economy in order to provide answers to the complicated issues that are faced by companies and investors alike.
