BHEX

Overview of BHEX

BHEX is a digital asset exchange established in 2018 by BHOP Consulting Pte Ltd, operating under the oversight of the Monetary Authority of Singapore (MAS). It provides a secure platform for trading over 100 cryptocurrencies. BHEX emphasizes regulatory compliance and offers a fee structure based on trading volume, ranging from 0.1% maker/taker fee for VIP0 to 0% maker fee and 0.019% taker fee for VIP9. The platform also offers educational resources for users to learn about cryptocurrencies and trading. Comparison with other brokers like Binance and KuCoin reveals differences in cryptocurrency offerings, fees, account minimums, and promotional rewards.

Pros and cons

BHEX presents a range of advantages, being regulated by the Monetary Authority of Singapore for compliance. It ensures secure accounts through robust measures like two-factor authentication and password protection. The platform offers a diverse selection of 100+ cryptocurrencies, and its transparent fee structure (0.1% taker, 0.1% maker) is a notable feature. Moreover, BHEX provides educational resources for learning, along with promotions offering rewards up to $1000. However, there are some drawbacks. Certain listing prices are above market values, and while the fee structure is clear, taker fees are relatively high for lower VIP tiers. The platform also has limited trading options and order types, and withdrawal fees vary based on the cryptocurrency. Additionally, the rewards offered by BHEX are not as high as those provided by its competitors.

Regulatory Authority

BHEX, managed by BHOP CONSULTING PTE. LTD., operates under the regulatory oversight of the Monetary Authority of Singapore (MAS). Its “Group Sharing” license aligns with digital currency activities, reflecting adherence to MAS regulations. While the specific license number remains undisclosed, BHEX functions as a licensed institution, staying compliant with regulatory norms. Established in 1971, MAS plays a critical role in upholding financial stability, fostering economic progress, and safeguarding Singapore's financial sector.

Security

To bolster account security, BHEX offers the following measures:

• Password Protection: Create a complex, unique password with at least 8 characters, including uppercase, lowercase letters, and numbers. Avoid using easily obtainable information like names or birthdays. Regularly change passwords for added security.
• Two-Factor Authentication (2FA): Elevate security with 2FA. Connect Google Authenticator for a constantly changing 6-digit code. Safely manage the 16-digit key and QR code, avoiding storage on commonly used devices or public networks. Input the Google Authenticator code during each login.
• Virus Prevention: Regularly scan devices with antivirus software, avoid sharing key account info, opening attachments from unknown sources, and uninstall suspicious third-party software.

Cryptocurrencies available

BHEX showcases a comprehensive range of 100+ cryptocurrencies, including well-known options like

• ADA,
• BTC,
• DOT,
• ETH,
• LINK,
• UNI,
• USDC,
• USDT,
• DOT,
• AAVE,
• TRX,
• UNI
• ATOM
• BHEX's coin listing process is agile, often taking just a few days post-announcement. It's worth noting that listing prices sometimes surpass prevailing market values, exemplified by Lucky Block's listing at $0.009999
• despite a market value of $0.005.

A testament to its trading activity, BHEX observes a 24-hour trading volume of $1.849 billion, with Bitcoin, Ethereum, Tether, Binance Coin, and USD Coin dominating trading within that period.

How to open an account？

The registration process of BHEX can be completed in the following steps:

• Click “SIGN UP” on the website.
  
• Enter your email address in the provided field.
• Create a login password and confirm it.
• Enter the verification code received.
• Optionally, input a referral code if applicable.
• Read and agree to the “Terms of Use” and “Privacy Agreement.”
• Click “SIGN UP” to complete the process.
  

Fees

BHEX offers a fee structure tailored to its users. Depositing cryptocurrencies is free, while withdrawal fees differ according to the specific cryptocurrency. Minimum withdrawal quantities apply to certain coins, such as ADA (2.5), BTC (0.001), DOT (2), ETH (0.02), LINK (0.5), UNI (0.5), USDC (40), and USDT (10).

BHEX presents a graduated fee system linked to a 30-day trade volume in BTC. The fee structure varies, starting from 0.1% for both makers and takers in VIP0, and reaching 0% maker fee and 0.019% taker fee for VIP9. The trade volume categories span from under 50 BTC, applicable to VIP1, all the way up to 150,000 BTC for VIP9.

Tier	30-day Trade Volume (BTC)	Maker Fee	Taker Fee
VIP0	-	0.1%	0.1%
VIP1	50	0.09%	0.09%
VIP2	1,000	0.035%	0.045%
VIP3	1,500	0.03%	0.04%
VIP4	5,000	0.027%	0.036%
VIP5	10,000	0.023%	0.032%
VIP6	20,000	0.019%	0.028%
VIP7	40,000	0.015%	0.024%
VIP8	80,000	0.01%	0.021%
VIP9	150,000	0%	0.019%



Deposit & Withdrawal

BHEXSG, a regulatory compliant digital asset exchange under the supervision of MAS, offers Withdrawal & Deposit services involving prominent exchanges such as BitoPro, Bitsonic, DigiFinex Singapore, and more. Noteworthy minimum deposit figures encompass BTC (0.0001), ETH (0.001), LTC (0.0001), while akin minimum withdrawal values apply, like BTC (0.002), ETH (0.02), LTC (0.1), among others.

Payment Method	Buy	Sell	Add Cash	Cash Out	Speed
Bank Transfer	Yes	Yes	Yes	Yes	Slow
Credit Card	Yes	Yes	Yes	Yes	Medium
Debit Card	Yes	Yes	Yes	No	Medium
Cryptocurrency	Yes	Yes	No	Yes	Fast

Customer Support

BHEX provides customer assistance through BHOP Consulting Pte Ltd, accessible at their office located at 16 Collyer Quay Income@Raffles Singapore 049318. They also engage with users through their official Twitter (https://twitter.com/hbtcnews) and Facebook (https://www.facebook.com/HBTCOfficial) profiles. For any queries, users can reach out to customer service via email at globalbd@bhex.com.

Compare to Similar Brokers

BHEX offers over 100 cryptocurrencies with a fee structure of Maker: 0.1%, Taker: 0.2%, and an account minimum of $10. It provides promotions for rewards up to $1000. In comparison, Binance offers 500+ cryptocurrencies with lower fees (Maker: 0.04%, Taker: 0.06%), a $10 account minimum, and rewards up to $500. KuCoin features 700+ cryptocurrencies, the lowest fees (Maker: 0.01%, Taker: 0.05%), a $20 account minimum, and promotions for rewards up to $300.

Feature	BHEX	Binance	KuCoin
Cryptocurrencies	100+	500+	700+
Fees	Maker: 0.1%, Taker: 0.1%	Maker: 0.04%, Taker: 0.06%	Maker: 0.01%, Taker: 0.05%
Account Minimum	$10	$10	$20
Promotions	Up to $1000 in rewards	Up to $500 in rewards	Up to $300 in rewards
Website	bhex.sg/en-us/	BINANCE.com/en	kucoin.com/

FAQs

Q: What is a phishing attack？

A: Phishing is a deceptive scheme where malicious individuals pretend to be BHEXSG through electronic means to trick users into sharing sensitive data like usernames, passwords, and 2FA codes.

Q: What is BHEXSG and its services？

A: BHEXSG is a regulated digital asset exchange under MAS. It offers Withdrawal & Deposit services between ten exchanges: BitoPro, Bitsonic, DigiFinex Singapore, and more.

Q: What exchanges are supported for Withdrawal & Deposit？

A: BHEXSG facilitates asset transfers between exchanges including BitoPro, Bitsonic, DigiFinex Singapore, Independent Reserve, and others.

Q: When were ETH and ERC-20 token services resumed？

A: Following the Ethereum merge, ETH and ERC-20 token deposits and withdrawals resumed on September 16, 2022.

Q: How can I get customer support？

A: If you have inquiries, reach out to our customer service at feedback@bhex.sg for assistance.