BCEX is a Chinese cryptocurrency exchange that was founded in 2017. The company is a project of Biomass Exchange Co Ltd. Its headquarters are based in Vancouver, Canada. Severe cryptocurrency trading regulations implemented by the People Bank of China between 2014 and 2017 are the reasons for that.
BCEX does not allow trading for users from the United States, Europe, or Africa. As a result, it operates primarily on the Asian market. The company partners with OTC789 digital asset trading system and a Canadian cryptocurrency exchange called Allcoin.
Please note, that only users whose identity is verified can start trading at BCEX. It means that after account verification you will have to submit a photo of your ID or passport. Another important thing is that BCEX supports only cryptocurrency deposits.
All deposits are free of charge. The company’s taker fee is 0.2% while there are no maker fees. All withdrawals and crypto-transfers from the platform are charged with a 0.5% fee.
BCEX does not support two factor authentication that is currently one of the best security practices for cryptocurrency exchanges. However, it supports SMS and Email verification.
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