This major cryptocurrency exchange was founded in China in January 2017 and is headquartered in Australia. BW Exchange became the first POS mining and digital asset contract exchange community. The platform is among the top 20 in the world ranking in terms of trading volume. How do I register for BW? How to trade on this exchange? What are the advantages and disadvantages of BW? We’ll figure it out!
What does BW mean?
B is a bit, the smallest unit of the information world. B is also associated with Blockchain technology and the Bitcoin cryptocurrency, the most significant digital asset at present.
W has two meanings:
World, which represents BW’s vision of creating a digital world that is diverse and self-governing;
Wealth reflects both the direct profit from working with digital assets and the functional “richness” of the trading platform itself, working with leading technologies and innovative business models.
Benefits of BW.com
BW.com is more focused on large investors who rarely withdraw funds and enter into medium / long-term deals.
The exchange has about 140 trading pairs and accepts both cryptocurrency and fiat money, including the yuan and the US dollar. Besides, the platform is multilingual and has a convenient mobile application, and the trade fee is only 0.2%. The exchange has great liquidity for many cryptocurrencies and has an attractive affiliate program.
According to crypto exporters, BW.com is one of the safest online trading platforms. Security is ensured by using an SSL certificate, cold wallets, and DDoS protection. Besides, users can enhance the security of their assets through two-factor authentication and mobile phone number registration. If you have any questions, the technical support service will answer them, and as soon as possible.
The BW exchange is most popular in Japan, but thanks to its multilingual interface and interest in traders from all over the world, it has a client pool that goes far beyond Asia.
Disadvantages of BW.com
The exchange has not many drawbacks. Firstly, it is a relatively high commission for trades – 0.2% for a taker and a maker. Secondly, the high commission for the withdrawal of bitcoin – 0.001 BTC (approximately $ 11)
Trading pairs
BW crypto exchange offers traders a set of trading tools for implementing different strategies. You can trade on the platform with the top assets with high liquidity. The exchange also supports rare, exotic coins that have future potential. As of March 28, 2021, there are 39 trading pairs in the BW listing, and the trading volume in 24 hours is $ 394,546,182.
The most popular pairs on the exchange are:
BTC / USDT
ETC / USDT
USDT / QC
UNI / USDT
ADA / USDT
Registration at BW.com
Registration at the very BW.com is a very simple and quick process. A new user only needs to fill out a registration form: register a working email, enter a strong password and accept the Terms of Use of the trading platform.
Verification on the site is required to access OTC trading and improve security. Verification includes the standard procedure: providing full name, passport scan, and selfie photo. Account verification is surprisingly very fast – up to 24 hours, provided that all items were filled incorrectly.
Trade on BW.com
The trading terminal includes everything you need: choosing a currency pair, a panel of buy/sell orders, trading history and the chart itself, and more.
Margin traders have access to 36 trading pairs and up to 20x leverage. BW.com also implements support for crypto futures in a separate interface and API for trading on third-party services, including Tabtrader.
Outcome
BW.com cryptocurrency exchange is one of the safest exchanges in the cryptocurrency industry. The absence of hacker attacks and the high volume of cryptocurrency trading are the main confirmation of this. Large investors fully entrust their funds to this site. To some extent, BW.com is geared towards Asian users, but US and European citizens also use BW.com.
