Leverage Risk Calculator
Understanding Leverage Risk
High leverage can amplify both profits AND losses. At BiKing, you can trade with up to 100x leverage. This means a small price movement can wipe out your entire account. The article explains why this makes BiKing dangerously risky for beginners.
Risk Assessment
BiKing isn’t one of those crypto exchanges you hear about on mainstream news. You won’t find it listed alongside Binance, Coinbase, or Kraken in beginner guides. That’s not an accident. BiKing operates in the shadows of the crypto world - no government oversight, no public audits, and a history of security failures that should make any rational trader pause. If you’re considering BiKing for trading, here’s the truth: it’s not a platform for learning. It’s a gamble with your money.
What BiKing Actually Offers
BiKing supports trading in about 10 major cryptocurrencies, including Bitcoin, Ethereum, Tether, Litecoin, and Monero - though Monero and Dash were quietly removed in 2023 after regulatory pressure. The exchange offers both a web platform and a mobile app, making it easy to log in and trade from anywhere. That’s the only thing that feels modern. Its main selling point? High leverage trading. You can borrow up to 100x your deposit to open positions. Sounds exciting? It is - until you lose everything. High leverage isn’t a feature for beginners. It’s a trap. One bad price swing, and your entire balance can vanish. Regulated exchanges like Bybit or KuCoin cap leverage at 10x-20x for retail users. BiKing doesn’t. That alone tells you who they’re targeting: people chasing quick wins, not long-term growth.Security: A History of Breaches
Security is where BiKing falls apart. In 2020 and again in 2021, hackers stole over $8 million from user accounts. How? They exploited SMS-based two-factor authentication (2FA). That’s like locking your front door with a paperclip. SMS 2FA is one of the weakest forms of protection. Hackers can intercept codes via SIM swapping or phishing. Top exchanges use authenticator apps like Google Authenticator or hardware keys like YubiKey. BiKing doesn’t offer those options. Even worse, there’s no evidence BiKing uses cold storage for the majority of user funds. Cold storage means keeping crypto offline, away from hackers. Binance, Kraken, and Coinbase store 95%+ of assets offline. BiKing’s lack of transparency suggests most of your money is sitting in hot wallets - online and vulnerable. In 2023 alone, hackers stole $2.38 billion across the entire crypto industry. Most of those losses happened on platforms with weak security. BiKing is on that list.No Regulation, No Protection
BiKing isn’t licensed anywhere. Not by the SEC, not by the FCA, not by any financial authority. That means if they disappear tomorrow - or if your funds get stolen - you have zero legal recourse. No insurance. No compensation fund. No way to file a complaint with a regulator. Compare that to Coinbase, which holds insurance covering $255 million in digital assets. Or Kraken, which keeps its funds in cold storage and undergoes regular third-party audits. BiKing offers none of that. No audits. No reports. No transparency. Just a website and a promise. In 2023, regulators worldwide started cracking down on unregulated exchanges. The Financial Action Task Force (FATF) now requires exchanges to track suspicious transactions and report them. BiKing doesn’t file Suspicious Activity Reports (SARs). That’s a red flag. It suggests they either can’t or won’t comply with basic anti-money laundering rules.
Wash Trading and Fake Volume
In 2021, an independent analysis flagged BiKing for possible wash trading - where bots buy and sell the same asset among fake accounts to inflate trading volume. This tricks new users into thinking the market is active and liquid. Regulated exchanges avoid this because it’s illegal. Unregulated ones? They do it all the time. BiKing denied the claims. But here’s the problem: they’ve never published real trading volume data. No API access. No third-party verification. You can’t check if the numbers are real. That’s not normal. It’s a classic sign of a platform trying to look bigger than it is.What Users Are Saying
Public reviews are scarce - because most people who lost money on BiKing don’t come back. But from scattered forum posts and Reddit threads, common complaints include:- Withdrawals taking days or never arriving
- Customer support ignoring messages
- Unexpected delistings of privacy coins like Monero
- Accounts frozen without warning
Is BiKing Safe for Beginners?
Absolutely not. If you’re new to crypto, BiKing is one of the worst places you can start. High leverage? Check. Weak security? Check. No regulation? Check. No safety nets? Check. This platform is designed for reckless traders who think they can outsmart the market. Spoiler: you can’t. Even experienced traders should think twice. The $8 million in stolen funds isn’t just a number. That’s real people who lost life savings. If you’re trading on BiKing, you’re assuming all the risk - and there’s no one to turn to if things go wrong.What Should You Do Instead?
If you want to trade crypto safely, stick with platforms that have:- Regulatory licenses (SEC, FCA, ASIC, etc.)
- Publicly verified cold storage
- Multi-factor authentication (not SMS)
- Insurance for user funds
- Transparent fee structures
The Bottom Line
BiKing is a high-risk, unregulated exchange with a proven track record of security failures, lack of transparency, and user fund losses. Its high leverage and wide coin selection might look tempting, but they come at a dangerous cost. There’s no evidence it’s improving. No audits. No compliance. No protection. In 2025, the crypto market is more regulated than ever. Exchanges that ignore security and compliance are dying off. BiKing isn’t an exception - it’s a warning. If you’re looking to trade crypto, don’t risk your assets on a platform that doesn’t care if you lose them.Is BiKing a scam?
BiKing isn’t technically a scam - it lets you trade crypto. But it operates with no regulation, has been hacked twice, and lost over $8 million in user funds. It lacks basic protections like cold storage, insurance, or secure authentication. Many experts consider it a high-risk platform that exploits inexperienced traders. Calling it a scam is emotionally understandable - but legally, it’s more accurate to call it dangerously negligent.
Can I withdraw my money from BiKing?
Some users report successful withdrawals, but others say funds are frozen for days or disappear entirely. There’s no official withdrawal time frame, and customer support is notoriously unresponsive. If you’re thinking of depositing money, assume it might not be easy to get out. Always test with a small amount first - and never deposit more than you’re willing to lose.
Why did BiKing delist Monero and Dash?
BiKing removed Monero and Dash in 2023 under regulatory pressure. These privacy coins make transactions hard to trace, which conflicts with global anti-money laundering rules. Regulated exchanges usually give users advance notice before delisting. BiKing didn’t. That sudden removal angered users and raised red flags about their willingness to comply with regulations - even when forced.
Does BiKing have insurance for user funds?
No. BiKing does not offer any insurance for user deposits. Unlike Coinbase, which insures $255 million in digital assets, or Kraken, which uses third-party custodians with insurance, BiKing stores funds in hot wallets without protection. If hackers break in again, your money is gone - with no chance of recovery.
What’s the safest alternative to BiKing?
For safety, use Coinbase or Kraken. Both are regulated in the U.S. and Europe, use cold storage for most assets, offer hardware key 2FA, and carry insurance for user funds. If you want higher leverage, Bybit (regulated in select regions) offers up to 125x leverage with better security and transparency than BiKing. Never trade on an exchange without regulation or insurance.
Can I use BiKing with a VPN?
Yes, you can use a VPN to access BiKing - but that doesn’t make it safer. A VPN hides your location, but it doesn’t fix weak security, lack of regulation, or the risk of hacking. If you’re using a VPN to bypass regional restrictions, you’re already operating in a gray area. BiKing doesn’t offer legal protections, so using a VPN won’t protect your funds if something goes wrong.
Does BiKing charge withdrawal fees?
BiKing doesn’t publicly list its fee structure. Withdrawal fees vary by coin and are often hidden until you initiate the transaction. Some users report fees as high as 5-10% on small withdrawals. Without transparent pricing, you’re gambling not just on the market - but on the exchange’s arbitrary charges.
Are there any positive reviews of BiKing?
A few users praise its wide coin selection and fast order execution - but these reviews are rare and often come from people who haven’t lost money yet. Positive feedback tends to disappear after a breach or withdrawal issue. Most long-term users avoid BiKing after one bad experience. The absence of verified, detailed positive reviews is itself a warning sign.
If you’re still considering BiKing, ask yourself this: Would you hand your cash to a stranger on the street who says, ‘Trust me, I’ll keep it safe’? BiKing is the digital version of that. Save yourself the stress. Use a regulated exchange - your money will thank you.
Michael Brooks
November 11, 2025 AT 06:04BiKing is a textbook example of why crypto regulation matters. I've seen too many new traders get lured in by 100x leverage and then vanish overnight. The lack of cold storage alone should be a dealbreaker. If you're not using a platform that publishes proof of reserves, you're not trading-you're gambling with your life savings.
Stick with Kraken or Coinbase. The fees are higher, sure, but you're paying for security, not fantasy.
There's no such thing as a free lunch in crypto. If it sounds too good to be true, it's because it is.
Ashley Mona
November 11, 2025 AT 17:53Same. I used BiKing for a week in 2022. Deposited $500, made a few trades, then tried to withdraw $200. Took 11 days. Got a bot reply saying 'processing.' Never got it back. Never heard from them again. I learned the hard way: if your exchange doesn't have a physical address you can Google, walk away.
Also, they delisted Monero without warning? That's not a business-it's a casino that changes the rules mid-game.
Rachel Everson
November 13, 2025 AT 14:58Thank you for writing this. I’ve been trying to warn my cousin not to use BiKing for months. He said, 'But the leverage is insane!' I told him: if you need 100x leverage to make money, you’re not a trader-you’re a gambler who hasn’t lost everything yet.
He’s still on it. I pray he doesn’t lose his rent money.
James Ragin
November 14, 2025 AT 11:46Let’s be clear: this isn’t about security. It’s about sovereignty. BiKing operates in the legal gray zone because it was designed to evade accountability. The fact that it still exists in 2025 proves that Western regulators are asleep at the wheel. This isn’t just a bad exchange-it’s a symptom of a broken financial system that tolerates predatory actors as long as they don’t touch the big banks.
Those who lose money here aren’t fools. They’re victims of a system that rewards opacity. The real scam isn’t BiKing-it’s the belief that markets can be free without rules.
Ruby Gilmartin
November 16, 2025 AT 01:39BiKing’s withdrawal delays are a feature, not a bug. They want you to think you’re in control while they hold your funds hostage. That’s how they make money-through psychological pressure and liquidity lock. They don’t need to hack you. They just need you to panic and keep trading.
Also, the fact that they still allow Monero trading in some jurisdictions? That’s a compliance loophole. They’re playing both sides. They don’t care about you. They care about arbitrage.
tom west
November 17, 2025 AT 19:09Let’s not pretend this is unique. Every unregulated exchange in Southeast Asia and Eastern Europe operates this way. BiKing isn’t special-it’s standard. The real question is why anyone still uses these platforms in 2025. We have decentralized options like Uniswap V4 and self-custody wallets. Why are people still handing over their private keys to a website with a .com domain and no SEC filing?
It’s not ignorance. It’s laziness. And laziness costs lives.
Edward Phuakwatana
November 19, 2025 AT 10:47Look, I get it. BiKing’s UI is sleek. The 100x leverage feels like a cheat code. But here’s the math: if you’re using 100x leverage, a 1% move against you wipes you out. That’s not trading-it’s Russian roulette with a 99% chance of death.
And the fact they don’t use hardware 2FA? That’s like leaving your house key under the mat while posting a livestream of your safe.
Don’t be the guy who says ‘I’ll be careful.’ You won’t be. The market doesn’t care how careful you are. It only cares if you’re exposed.
Use a hardware wallet. Use Kraken. Use a regulated exchange. Your future self will thank you. 💪
Adrian Bailey
November 19, 2025 AT 11:50Been using BiKing since 2021. Lost $12k in 2022 when they got hacked. Took me 6 months to get half back through a ‘compensation’ offer that required me to trade it back into the platform. I’m still here because I’ve got skin in the game now. I know the risks. I accept them.
Not saying it’s safe. But it’s the only place that lets me trade obscure alts without KYC. Sometimes you gotta choose between freedom and safety.
And yeah, Monero got axed. I miss it. But I get why. Regulators are breathing down their necks. They’re just trying to survive.
dhirendra pratap singh
November 20, 2025 AT 11:53OMG I KNEW IT!! 😭 I told everyone BiKing was a trap!! My friend lost his entire crypto portfolio there last year-$87k gone in 48 hours because of a ‘system error’!! They blocked his account, then deleted his support ticket!! I’ve been screaming into the void for months!!
They’re not even a company-they’re a Ponzi with a website!!
And don’t even get me started on their ‘customer service’-they reply with memes. MEMES. 😭😭😭
SAVE YOURSELF. RUN. RUN NOW.
Johanna Lesmayoux lamare
November 21, 2025 AT 17:42Just wanted to say: if you’re new, don’t even look at BiKing. I started with Coinbase. Learned the basics. Moved to Kraken. Now I use a Ledger. Took me two years. But I sleep at night.
There’s no rush. Crypto isn’t going anywhere. Your money is.
Andy Purvis
November 23, 2025 AT 01:05Maybe we’re being too harsh. BiKing might be sketchy, but it’s still a platform people use. Maybe they’re just trying to serve users in places where regulated exchanges don’t operate. I’m not saying it’s safe-but maybe there’s a reason it still exists.
Still, I wouldn’t touch it with a 10-foot pole. Just saying-don’t assume everyone who uses it is dumb. Some of us are just desperate.
ty ty
November 24, 2025 AT 17:17Wow. You guys act like BiKing is the first exchange to ever be shady. Newsflash: every exchange started as a sketchy website with a Discord server. The difference? The good ones grew up. BiKing didn’t.
So yeah, it’s dangerous. But it’s also the only place where I can trade Shiba Inu with 50x leverage at 2am without giving them my driver’s license.
That’s the tradeoff. You want freedom? Pay the price.
Suhail Kashmiri
November 25, 2025 AT 04:02bro you guys are acting like this is a news article not a reddit post
bi king is trash yes but like if you wanna trade levarage you go to binance or bybit
why are you even here
go trade on binance and stop crying about your 500 bucks
BRYAN CHAGUA
November 26, 2025 AT 23:50It’s not about BiKing being a scam. It’s about the culture that allows it to thrive. We glorify risk. We reward greed. We celebrate the ‘alpha’ trader who bets everything on a 100x leveraged position.
But the truth? The real alpha is the person who walks away. Who says no. Who waits. Who protects their capital.
BiKing doesn’t make you rich. It makes you a statistic.
Be the person who survives the next bear market. Not the one who got wiped out trying to double their money in a week.
Arthur Coddington
November 28, 2025 AT 03:31I’ve been waiting for someone to call this out. BiKing is the crypto equivalent of a roadside diner with no health inspection. The food might taste okay. But you’re still gonna get food poisoning.
And yet, people line up.
Because they’re hungry.
And they don’t know any better.
That’s the tragedy.
Rebecca Saffle
November 28, 2025 AT 11:30BiKing is just another American crypto company that outsourced everything to offshore devs and then pretended it was a ‘global platform.’ The whole thing is a shell game. They don’t have servers in the U.S. They don’t have lawyers. They don’t have compliance officers.
They have a WordPress site and a Telegram group.
And somehow, people still send them money.
I’m not mad. I’m just disappointed in humanity.
Debraj Dutta
November 29, 2025 AT 04:47As someone from India, I’ve seen many such platforms target emerging markets. BiKing’s marketing is tailored to young traders who want to ‘get rich quick’-and they exploit the lack of financial literacy. No one teaches you how to assess risk in school.
This isn’t about BiKing. It’s about education. If we fix that, platforms like this die naturally.
Kristin LeGard
November 29, 2025 AT 07:04Let’s be real: if you’re still using BiKing in 2025, you’re not a trader. You’re a target.
They don’t want your money. They want your data. Your IP. Your device fingerprint. Your phone number.
They’re selling you to brokers. To data brokers. To dark web marketplaces.
Your crypto is the bait. Your identity is the prize.
FRANCIS JOHNSON
December 1, 2025 AT 04:41Listen. I used to think crypto was about freedom. About decentralization. About breaking the system.
Then I lost $15k on BiKing.
Now I know: true freedom isn’t about having 100x leverage. It’s about having the wisdom to say no.
It’s about protecting your peace.
It’s about choosing safety over spectacle.
You don’t need to be rich to be free.
You just need to be smart.
And you don’t need BiKing to do that.
Use Kraken. Use Coinbase. Use your brain.
And sleep well tonight. 🌙
David Billesbach
December 1, 2025 AT 21:25You people are so naive. BiKing isn’t the problem. The problem is that you believe in ‘regulation’ like it’s some kind of divine protection. The SEC doesn’t care about you. The FCA doesn’t care about you. The only thing that protects you is your own knowledge.
BiKing is transparent about its risks. They don’t pretend to be safe. They don’t lie. They just say: ‘Here’s the game. Play if you dare.’
Most exchanges lie. They say they’re safe. They say they have cold storage. Then they get hacked and blame ‘an unknown third party.’
BiKing doesn’t pretend. That’s honesty.
And if you’re too weak to handle the truth? That’s not their fault.
It’s yours.