BitCoke is a cryptocurrency exchange founded in 2019 that offers cryptocurrency spot and derivatives trading and has an OTC desk. The maximum leverage offered on BitCoke is 100x. Users can fund their BitCoke account only with cryptocurrencies. There is no KYC process on BitCoke and traders from across the globe can sign up with them.
Withdrawal Fee: 0.0005
Taker Fee: 0.03%
Maker Fee: 0.02%
Bitcoin Cash, Bitcoin, EOS Token, Litecoin, Ethereum
BitCoke is Hong Kong-based and registered in the Cayman Islands. There is little information about their founder or the team behind the cryptocurrency exchange.
BitCoke offers both spot and leveraged cryptocurrency trading, staking services, and cloud mining. Users can trade over 150 cryptocurrency pairs with leverage up to 100x. With their staking services, users can deposit cryptocurrencies and earn interest on them. It is possible to mine through Bitcoke without having your own mining equipment by buying one of the available cloud mining contracts. Large-volume traders can use BitCoke’s OTC desk to trade without the risk of slippage.
BitCoke Mobile App
BitCoke is multi-terminal, which means they have a cryptocurrency exchange app. This app is available for both Android and iOS devices from their respective app stores and has the same features as their web trader.
BitCoke Leveraged Trading
BitCoke offers leveraged trading via its trading platforms up to 100x. With leveraged trading traders trade crypto derivatives contracts without owning the underlying assets. You can go both long and short on cryptocurrencies via BitCoke.
BitCoke Trading Platform
Users can view current cryptocurrency prices, the order book history, trading sentiments, and place orders via Bitcoke’s trading platform. Traders can place both market and limit orders. BitCoke will supply you with detailed information about the position whenever you open a trade. The trading platform is customizable and has both day and night modes. Experienced traders can use technical indicators and drawing tools to conduct technical analysis.
BitCoke charges its users maker and taker fees whenever they open a trade and withdrawal fees. BitCoke’s maker/taker fees are 0,03% and 0,10% respectively. BitCoke offers trading fee discounts for makers. This maker/taker fee structure enhances the liquidity on the trading platform. The withdrawal fee at BitCoke is 0,0005 BTC per withdrawal, regardless of the amount withdrawn.
BitCoke Deposits and Withdrawals
Users can only deposit cryptocurrencies at BitCoke. It is not possible to buy crypto on Bitcoke, so you have to deposit crypto from an external wallet. There are no minimum deposits and deposits are credited instantly to your BitCoke spot trading account wallet.
Traders and investors from the United Arab Emirates can sign up at BitCoke. BitCoke doesn’t have KYC requirements, so they also don’t need to provide any details. Note that BitCoke is an unregulated cryptocurrency exchange.
BitCoke Review 2022 – Our Verdict
BitCoke is a cryptocurrency exchange that is suitable for experienced cryptocurrency traders. Their high maximum leverage of up to 100x makes it an attractive trading platform for cryptocurrency day traders as well. The reasons BitCoke isn’t suited for beginners are because they don’t have a demo account available, don’t offer the option to buy cryptocurrencies with fiat, and have an OTC desk.
BitCoke is meant for large-volume cryptocurrency traders and investors who don’t like KYC processes. If you are an experienced cryptocurrency trader or large-volume trader, we recommend signing up at Bitcoke. If you are still new to crypto or want to trade with smaller amounts with a regulated broker, we recommend signing up with eToro instead.
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.