BIJIU

Overview of BIJIU

BIJIU, a cryptocurrency exchange established in 2017, originates from China and has made significant strides in the digital currency trading sector over the years. It operates under the vigilant oversight of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with another regulatory authority supervising at the same time, which is the Financial Crimes Enforcement Network (FinCEN). However, it's crucial to note that BIJIU has an “exceeded” regulatory status, implying that there may be aspects of its operations that surpass the boundaries of its licensing agreement with FINTRAC and FinCEN. The platform boasts a diverse portfolio of over 100 cryptocurrencies available for trading, offering both novices and seasoned traders an expansive market. The fee structure is transparent and competitive, with a uniform 0.2% fee applied to both takers and makers. BIJIU provides multiple payment avenues, including traditional bank transfers, credit/debit card transactions, and cryptocurrency transfers, adding to its user-friendly approach. While the platform offers web page assistance for customer support, potential users should evaluate the depth of this support system, especially given the complexities often associated with cryptocurrency trading.

Pros and Cons

Pros:

• Diverse Cryptocurrency Selection: BIJIU boasts a wide array of cryptocurrencies available for trading, catering to both mainstream crypto enthusiasts and those interested in lesser-known tokens.

• Versatile Payment Options: The platform supports multiple payment methods, providing flexibility to users based on their preferences, whether it be through traditional banking channels or digital methods.

Cons:

• Subpar User Interface: Users have reported that BIJIU's interface is not well-designed, which could affect the user experience, especially for those new to cryptocurrency trading.

• Complex Website Navigation: The official website of BIJIU is perceived as confusing, potentially making it challenging for users to find the information they need efficiently.

• Limited Educational Content: For a platform in the ever-evolving crypto space, BIJIU offers insufficient resources. This lack of informational and educational material can be a drawback for newcomers trying to understand the intricacies of the crypto market.

• Inadequate Customer Support: While BIJIU offers web page assistance, users feel that it is not enough, emphasizing the need for more direct and varied customer support channels to address their queries and concerns more efficiently.

Regulation

Regulatory Authority: The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

• Current Status: Exceeded

• License Type: Exclusive Common Financial Service License

• Regulated By: Canada

• License Number: M21192152

• Effective Date: 2021-08-06

• Expiry Date: 2024-07-15

• Licensed Institution: COIN 9 TECHNOLOGY CO., LTD.

• Institution Address: 99 YORKVILLE AVENUE SUITE 200 TORONTO, ON, CANADA M5R3K5

Regulatory Authority: The Financial Crimes Enforcement Network (FinCEN)

• Current Status: Exceeded

• License Type: MSB License

• Regulated By: United States

• License Number: 31000195198839

• Effective Date: 2021-07-30

• Institution Address: 99 Yorkville Avenue Suite 200, Toronto, ONTARIO.

Security

Two-Factor Authentication (2FA): As a frontline defense, BIJIU recommends its users to activate 2FA, which requires a secondary code (often sent to a user's phone) to access the account, thereby adding an extra layer of protection against unauthorized access.

Regulatory Compliance: While BIJIU is committed to adhering to required regulatory standards, it's pertinent to note the “exceeded” status with its regulatory authority. This implies certain operations or facets of BIJIU have surpassed the established parameters by the regulatory body.

Cryptocurrencies Available

BIJIU offers a wide range of cryptocurrencies for trading. Users can choose from over 100 cryptocurrencies on the platform, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known cryptocurrencies. In addition to cryptocurrency trading, BIJIU also provides other products and services. These include features such as margin trading, futures trading, or access to initial coin offerings (ICOs).

How to Open an Account？

To register on BIJIU, follow these steps:

• Visit the BIJIU website and click on the “Sign Up” button.

• Provide your email address and create a strong password for your account.

• Verify your email address by clicking on the verification link sent to your inbox.

• Complete the KYC (Know Your Customer) process by submitting the required identification documents, such as a copy of your passport or driver's license, and proof of address.

• Set up two-factor authentication (2FA) to add an extra layer of security to your account.

• Once your account is verified, you can start trading by depositing funds into your BIJIU account.

Payment Methods

BIJIU accepts multiple payment methods for depositing and withdrawing funds. Users can choose to make deposits through bank transfers, credit/debit cards, or cryptocurrencies. The processing time for deposits varies depending on the selected payment method, but generally, bank transfers and cryptocurrency deposits are processed within a few hours, while credit/debit card deposits are typically processed instantly. For withdrawals, the processing time also varies depending on the chosen method. Cryptocurrency withdrawals are usually processed quickly, often within a few minutes. However, bank transfers and credit/debit card withdrawals take several business days to complete.

Is BIJIU a Good Exchange for You？

There are several target groups that may find the exchange suitable for their trading needs:

• Beginner Traders: BIJIU offers a wide range of educational resources and tools that can benefit beginner traders. The platform's educational articles, tutorials, and guides can provide valuable information on cryptocurrency basics and trading strategies, helping beginners build their knowledge and confidence in virtual currency trading. Additionally, access to charting tools and indicators can assist in market analysis and decision-making.

• Intermediate Traders: For intermediate traders who have some experience in virtual currency trading, BIJIU offers a diverse range of cryptocurrencies for trading. With over 100 options available, traders can explore different markets and strategies. Furthermore, the availability of margin trading or futures trading (if provided by BIJIU) can provide additional opportunities for intermediate traders to leverage their positions and potentially increase their profits.

• Advanced Traders: Advanced traders who are looking for a regulated and secure platform may find BIJIU suitable for their trading activities. The platform's regulation by the Securities and Exchange Commission (SEC) and implementation of security measures such as encryption and two-factor authentication (2FA) can provide a level of trust and protection for advanced traders. The wide range of cryptocurrencies available on BIJIU also allows advanced traders to diversify their portfolios and take advantage of various market opportunities.

• Cryptocurrency Enthusiasts: BIJIU's extensive selection of cryptocurrencies makes it attractive to cryptocurrency enthusiasts who are interested in exploring different digital assets. Whether they are looking for established cryptocurrencies like Bitcoin and Ethereum or lesser-known coins, BIJIU offers a platform to access and trade a variety of virtual currencies.

FAQs

Q: What customer support does BIJIU provide？

A: Yes, BIJIU provides customer support on the web page.

Q: What is the trading fee of BIJIU？

A: BIJIU charges 0.2% for both taker and maker.

Q: Is BIJIU a regulated exchange？

A: BIJIU is currently regulated, however the regulatory status is “exceeded”.

User Review

User 1: I've been using BIJIU for a few months now, and I'm satisfied with the overall experience. The security measures like two-factor authentication and encryption give me peace of mind when trading cryptocurrencies. The customer support team has been responsive and helpful whenever I had any questions or issues. However, I wish they had a wider selection of cryptocurrencies to trade, as I sometimes wanted to explore more niche options. The trading fees are reasonable, and the deposit and withdrawal speeds have been relatively fast for me.

User 2: I recently started using BIJIU, and I'm impressed with the platform's interface. It's intuitive and easy to navigate, making it convenient for me to trade cryptocurrencies. The variety of available cryptocurrencies is impressive, and I've found plenty of options to diversify my portfolio. The customer support has been excellent, always prompt and helpful. However, the trading fees can be a bit high, especially for high-volume traders. The deposit and withdrawal speeds have been satisfactory, although there were a couple of instances where it took a bit longer than expected. Overall, I'm satisfied with my experience on BIJIU.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.