Bexplus Crypto Exchange Review: Features, Risks, and Current Status
Bexplus Features & Risks Calculator
Analysis Results
Key Features:
Potential Risks:
If you’ve been hunting for a crypto‑derivatives platform that lets you trade with massive leverage and skip the paperwork, you’ve probably come across Bexplus. The buzz around it is a mix of “awesome 100x futures” and “did they even reopen after 2022?” This review breaks down exactly what Bexplus offers, how it stacks up against the big players, and whether you should bother signing up today.
TL;DR - Quick Takeaways
- Bexplus focuses on Bitcoin‑only deposits, 100x leverage futures, and a no‑KYC sign‑up.
- Operations were suspended in July2022; no official restart announced.
- Pros: high leverage, anonymous trading, 100% deposit bonus, interest‑bearing wallet.
- Cons: limited asset list, Bitcoin‑only fund flow, weak customer support, regulatory uncertainty.
- Consider alternatives like Binance or Kraken if you need fiat on‑ramps or broader pair selection.
What Is Bexplus?
Bexplus is a crypto‑only derivatives exchange launched in 2017 that targets traders who want high‑leverage futures without identity verification. Headquartered in Singapore with satellite offices in Japan, the United States, and Brazil, the platform markets itself as a "world‑leading" venue for Bitcoin futures. In practice, you can only move Bitcoin in and out, and you trade perpetual contracts against USDT.
Core Features
- 100x Leverage: Amplify a $1,000 position to $100,000 exposure. The leverage works on perpetual futures for BTC, ETH, LTC, EOS, and XRP.
- Bitcoin is the sole deposit and withdrawal asset: You must buy BTC elsewhere, send it to Bexplus, then trade.
- No KYC: The platform never asks for passport, driver’s license, or selfie verification.
- 100% Deposit Bonus: New accounts get a matching bonus that instantly doubles the first Bitcoin you deposit.
- Interest‑Earning Wallet: Holds BTC and claims up to 72% annual yield, though the exact mechanism isn’t publicly audited.
- Demo Account: Practice futures trading with virtual funds before risking real BTC.
Trading Instruments & Market Access
Bexplus offers five perpetual futures contracts, all settled in USDT:
- BTC/USDT
- ETH/USDT
- LTC/USDT
- EOS/USDT
- XRP/USDT
Each contract mirrors the spot price of the underlying coin and carries a funding rate that flips every eight hours. Because the contracts are un‑margined, you can keep positions open indefinitely as long as you meet the maintenance margin.
Security & Custody
The exchange claims to store the majority of user funds in multi‑signature encrypted cold wallets. This multi‑signature wallet requires multiple private keys to authorize a withdrawal, reducing the risk of a single‑point breach. However, the platform’s support responsiveness has been criticized, and the 2022 suspension raised serious doubts about fund accessibility. There has been no third‑party audit published since 2021.
Pros and Cons
| Pros | Cons |
|---|---|
| High leverage up to 100x | Operations suspended since July2022 |
| No KYC - full anonymity | Only Bitcoin for deposits/withdrawals |
| 100% deposit bonus for new users | Limited to five perpetual contracts |
| Interest‑bearing wallet claims high yields | Customer support slower than major exchanges |
| Demo account for risk‑free practice | Regulatory uncertainty and potential bans |
How to Get Started (Step‑by‑Step)
- Sign up with an email address. You’ll receive a verification code; no ID needed.
- Buy Bitcoin on a fiat‑friendly exchange (e.g., Coinbase, Kraken).
- Transfer the BTC to the Bexplus deposit address shown in your dashboard.
- Claim the 100% deposit bonus (if still offered) and enable the interest‑earning wallet.
- Navigate to the “Futures” tab, select a contract, set your leverage, and place a market or limit order.
- Monitor the funding rate and set stop‑losses to avoid instant liquidation.
New traders should start on the demo account, practice risk management, and only allocate capital they can afford to lose - 100x leverage can wipe you out in seconds.
Current Operational Status & Outlook
In July2022, Bexplus announced a temporary suspension of trading amid market turbulence and internal audits. Since then, no official statement has confirmed a relaunch, and the website’s “Contact Us” form bounces with a generic “service unavailable” message. Community chatter on Reddit and Telegram has turned skeptical, with many users reporting locked funds and unanswered support tickets.
Regulatory trends make a no‑KYC, high‑leverage platform a tough sell. The UK’s FCA and the EU’s MiCA framework are tightening rules around retail crypto derivatives, often capping leverage at 2x or 5x. Unless Bexplus adapts its compliance posture, it risks being forced out of key markets.
Comparison with Major Crypto Exchanges
| Feature | Bexplus | Binance | Kraken | BitMEX |
|---|---|---|---|---|
| Leverage max | 100x | 125x (BTC), 50x (others) | 5x | 100x |
| KYC required | No | Yes | Yes | Yes (post‑2023) |
| Deposit currencies | BTC only | Fiat + 500+ crypto | Fiat + 100+ crypto | BTC, ETH, USDT |
| Number of futures contracts | 5 (BTC, ETH, LTC, EOS, XRP) | 200+ | 30+ | 70+ |
| Operational status (2025) | Suspended (no clear relaunch) | Active | Active | Active (post‑2023 compliance) |
| Customer support channels | Email, Telegram (slow) | Live chat, email, phone | Email, ticket system | Live chat, email |
From the table it’s clear Bexplus shines only in the anonymity‑plus‑leverage niche. If you need fiat on‑ramps, a broader asset list, or reliable support, the mainstream exchanges win hands‑down.
Frequently Asked Questions
Is Bexplus still operational in 2025?
No official announcement has been made about a restart. The platform’s website shows a maintenance notice, and community reports indicate that deposits and withdrawals remain frozen.
Can I trade on Bexplus without providing any ID?
Yes. Bexplus only requires an email address and a verification code. There is no passport, driver’s license, or selfie step.
What assets can I trade on Bexplus?
Five perpetual futures: BTC/USDT, ETH/USDT, LTC/USDT, EOS/USDT, and XRP/USDT. All contracts are settled in USDT.
How does the 100% deposit bonus work?
When you make your first BTC deposit, Bexplus credits an equal amount of BTC as a bonus. The bonus is usually subject to a trading volume requirement before withdrawal.
Is the high leverage safe for beginners?
High leverage amplifies both profit and loss. New traders should start on the demo mode, use tight stop‑losses, and risk only a small fraction of their capital on any single position.
25 Comments
celester Johnson
October 9 2024Leverage, when wielded without introspection, becomes a mirror reflecting one's hubris. The allure of 100x is a siren song for those who mistake volatility for opportunity. One must ask whether the pursuit of exponential gains outweighs the existential risk of ruin. In a market where every tick can cascade into liquidation, restraint becomes the rarest virtue.
Nathan Blades
October 11 2024Hey folks, if you’re daring enough to dip toes into Bexplus, start on the demo and feel the adrenaline without the danger. The platform’s 100% deposit bonus feels like a fireworks show – bright but fleeting. Remember, that high‑leverage thrill is fleeting; keep your stop‑losses tight and your coffee strong. When the market roars, you’ll thank yourself for the practice runs.
Somesh Nikam
October 13 2024For anyone considering Bexplus, the onboarding steps are straightforward: create an email account, verify the code, and fund with Bitcoin only. Use the bonus wisely – it’s tied to a trading volume requirement before you can withdraw. Keep an eye on the funding rate; it flips every eight hours and can eat into your margins. Always allocate only capital you can afford to lose.
Debby Haime
October 15 2024The anonymity factor is a double‑edged sword: freedom without verification, but also limited recourse if things go south. Bexplus’s interest‑bearing wallet claims impressive yields, yet no audit means trust is speculative. If you value solid support, consider the alternatives before committing.
Courtney Winq-Microblading
October 17 2024It’s fascinating how Bexplus markets itself as a “world‑leading” venue while restricting deposits to Bitcoin alone. The platform’s philosophy seems to prioritize privacy over convenience, which can be appealing for a niche audience. Yet the suspension since 2022 casts a long shadow over its reliability. One could argue that the high leverage is more a gimmick than a sustainable feature.
katie littlewood
October 19 2024When I first read about Bexplus, the enticing promise of 100x leverage coupled with a 100% deposit bonus felt like discovering a hidden treasure chest in a sea of ordinary exchanges. However, the reality of operating with Bitcoin‑only deposits immediately raises logistical concerns, especially for traders who rely on fiat on‑ramps for liquidity management. The absence of KYC might be attractive for privacy‑conscious users, yet it simultaneously erodes the safeguards that regulatory frameworks provide, leaving participants exposed to potential illicit activities and limited legal recourse. Moreover, the platform’s operational suspension since July 2022 is not a mere footnote; it is a glaring indicator of systemic instability and possibly deeper financial distress that has yet to be transparently disclosed. The promise of an interest‑bearing wallet boasting up to 72% annual yield is indeed tantalizing, but without third‑party audits, such figures remain speculative and could mask unsustainable financial engineering. While the demo account offers a risk‑free sandbox for newcomers, the transition to live trading on a platform with a questionable track record may amplify the psychological impact of leveraged losses. Historical patterns suggest that exchanges with similar high‑leverage models and lax compliance have faced regulatory crackdowns, leading to abrupt fund freezes and user losses. In addition, the limited selection of only five perpetual contracts constrains diversification opportunities, making the platform less appealing for multi‑asset strategies. The user support concerns-characterized by slow response times and generic replies-further exacerbate the risk profile for traders who may need timely assistance during volatile market movements. From a strategic perspective, aligning with more robust exchanges such as Binance or Kraken provides not only broader asset coverage but also stronger institutional backing and clearer regulatory compliance, which are vital for long‑term trading sustainability. Ultimately, while Bexplus carves out a niche for high‑risk, high‑reward traders who prize anonymity, the cumulative weight of operational suspension, regulatory uncertainty, and limited infrastructure suggests that the platform may be more suited for short‑term speculative experiments rather than a cornerstone of a diversified trading portfolio. Prospective users should therefore conduct thorough due diligence, weigh the trade‑off between potential bonus gains and systemic risk, and consider allocating only a small, affordable portion of capital to this venture.
Jenae Lawler
October 21 2024The notion that anonymity outweighs fiduciary responsibility is a nostalgic echo of a bygone era. One must question whether such a model can survive amidst tightening global regulations.
Chad Fraser
October 23 2024Yo, if you’re chasing that 100x adrenaline rush, just remember to set those stop‑losses on lock. The demo mode is your safety net – treat it like a rehearsal before the big show. Keep the hype in check and your margin calls will thank you.
Jayne McCann
October 25 2024High leverage sounds cool until it wipes you out in seconds.
Richard Herman
October 27 2024I see both sides of the coin: the privacy appeal and the operational hiatus. It’s a classic case of trade‑off between freedom and security. Users should weigh the risk of frozen funds against the benefit of anonymity. A balanced approach might be to keep a minimal allocation on Bexplus while diversifying elsewhere.
Parker Dixon
October 29 2024👍 The 100% deposit bonus is a tempting hook, but remember it’s tied to volume before you can cash out. 🎯 High leverage is like a double‑edged sword – exhilarating and dangerous. 📈 If you’re new, start with low leverage and gradually climb as you master risk management. 💡 Always keep an eye on funding rates; they can erode profits faster than you expect.
Stefano Benny
October 31 2024While the bonus glitter shines, the real issue lies in the platform’s liquidity after the 2022 suspension. Users migrating from larger exchanges may find withdrawal pipelines unexpectedly clogged. It’s prudent to verify the current operational status before committing capital.
Bobby Ferew
November 2 2024The jargon‑heavy promo masks the fact that no external audit backs the interest‑bearing claims. A careful trader will demand transparency before entrusting assets. Otherwise, the allure is merely a marketing veil.
Prince Chaudhary
November 4 2024Your step‑by‑step guide is clear, yet the Bitcoin‑only deposit rule can be a bottleneck for many. Consider using a trusted bridge service if you need to convert fiat. Maintaining a cautious stance will help navigate the platform’s quirks.
John Kinh
November 6 2024Looks like another hype train that forgot to check the tracks. Probably not worth the time.
Mark Camden
November 8 2024From an ethical standpoint, promoting a platform with unresolved fund access issues is questionable. Transparency should be a non‑negotiable principle. Users deserve clear communication about operational status.
Evie View
November 10 2024Anonymous trading without safeguards is a recipe for disaster. Think twice before diving in.
Sidharth Praveen
November 12 2024For those who love the thrill, the demo mode is a perfect playground. It lets you test strategies without risking real BTC. Just remember the real market can bite harder than any simulation.
Sophie Sturdevant
November 15 2024While the platform boasts high leverage, the limited contract list hampers diversification. Pair that with slow support, and you’ve got a risky environment for serious traders. Consider spreading risk across multiple venues.
Jan B.
November 17 2024Short and precise: Bexplus offers high leverage but suffers from operational uncertainty. Use caution.
MARLIN RIVERA
November 19 2024The lack of third‑party audits is a red flag. Trusting unverified yields is reckless.
emmanuel omari
November 21 2024National pride shouldn’t blind us to financial reality; Bexplus’s suspension tells a story of mismanagement. A robust regulatory framework would prevent such fallout. Investors must prioritize safety over anonymity.
Andy Cox
November 23 2024Interesting platform but the support delays are a pain. Might look elsewhere.
Clint Barnett
November 25 2024I appreciate the enthusiasm around Bexplus, yet it’s essential to underscore that the 100x leverage is a double‑edged sword, amplifying both gains and losses dramatically. Users often overlook the maintenance margin requirements, which can trigger rapid liquidations during volatile swings. Moreover, the exclusive reliance on Bitcoin for deposits adds an extra layer of complexity for those who operate primarily in fiat currencies. The platform’s bonus structure, while attractive, is typically bound by strict volume conditions that can be challenging to meet without incurring significant trading costs. Finally, the prolonged suspension since 2022 serves as a stark reminder that operational continuity is not guaranteed, and traders should keep a modest portion of their portfolio on such high‑risk venues.
Jacob Anderson
November 27 2024Oh sure, because a platform that vanished for years is exactly what I trust with my savings. The sarcasm is real.