Is BIKA Exchange Real?

[terrytoh]

Hi, someone introduced BIKA exchange to me but I cannot find much information on this exchange company. Anyone used or know about their background? Only thing I can find is their official website bika.one.

Great appreciate for any information. Thank you!

[Charles-Tim]

Do not use the exchange. There are old exchanges that you can use like Binance, OKX and many others.

Code:

Domain:bika.one
Registrar:NameCheap, Inc.
Registered On:2022-07-02
Expires On:2023-07-02
Updated On:2022-07-07

The exchange is so new, not listed on sites that reputed exchanges are listed. So not recommendable. Most likely it belongs to scammer.

If it is a stranger that introduced you or introduced your friend to the exchange, it is a scam.

Avoid the exchange.

[OmegaStarScream]

In addition to what has been mentioned, if you want to check if an exchange is legit, just try to look it up on CMC. If there's nothing about it, you should stay away from it. This doesn't mean that you should use any exchange on coinmarketcap though. It's just that the criteria to be listed there are not that simple, not for someone who wants to scam people and earn a quick buck anyway.

[stompix]

Just being a new exchange is risky, not really meaning it's a scam as all exchanges that are launched have to be new at one point.

But when they are that new yet they claim this:

The "BIKA 1.0 trading system" will be launched in March 2021, and the more stable, safer and more transparent "BIKA 2.0 trading system" will be launched in November. The "BIKA 3.0 trading system" will be launched in May 2022, creating a new era of contract trading

After 3 years of polishing, BIKA exchange now ranks in the top 29 of the global exchange rankings. And cooperate with more than 30 mainstream media around the world to carry out digital asset trading business in more than 50 countries and regions.

it's clear they are lying and it means you should definitely avoid it.

Plus, be really careful about self-hosted android apk that are not even present in the google store, you have no clue what you're downloading at all.

ps.
Their twitter links to bika.cfd, also just 4 months old so impossible to have obtained this :

March 2021: BIKA was founded in the US and obtained MSB license in the meantime.

[alire zaham]

In addition to what has been mentioned, if you want to check if an exchange is legit, just try to look it up on CMC. If there's nothing about it, you should stay away from it. This doesn't mean that you should use any exchange on coinmarketcap though. It's just that the criteria to be listed there are not that simple, not for someone who wants to scam people and earn a quick buck anyway.

Although there are many exchanges, I still choose the top exchange. Of course, I also reserve my opinion. I don't like centralized exchanges. There are too many deceptions, too many routines, and too many temptations. In short, decentralized exchanges are my current choice.

[Crypt0Gore]

I appreciate your courage for asking this question on the forum before doing anything stupid..

Some tend to ask after they've messed up.

Stay away from any new exchanges, there is a probability that the exchange is a scam or a very bad exchange.

Old crypto exchanges have better users reviews that you can find online using search engine but you can't find such for new exchanges like this BIKA, so always stay with popular exchanges to avoid bad experiences later.

[terrytoh]

Thanks all for the inputs, indeed there are too many red flags, they keep launching new websites with a different domains which doesn't make sense too.
I have joined their telegram group and asked a admin if one of the domains is a fake and I got reported to telegram for spamming for no reason.

I may have been targeted by a sophisticated scammer who are familiar with local environment.

[noorman0]

Although there are many exchanges, I still choose the top exchange. Of course, I also reserve my opinion. I don't like centralized exchanges. There are too many deceptions, too many routines, and too many temptations. In short, decentralized exchanges are my current choice.

If you're just exploring new services then yes they are, then it's great that you have this option. I also wonder why you are still curious about the centralized exchange you ask if you don't want to use it?

By the way, they have an alternate domain registered on the same date according to whois.

131 days old
Created on 2022-07-02
Expires on 2023-07-02
Updated on 2022-07-02

[YOSHIE]

Great appreciate for any information. Thank you!

I think, you should hear what @Charles-Tim has to say, information about BIKA exchange is minimal, there is not much information that we can take from the BIKA exchange, only some dubious information that can be seen about the BIKA exchange.
For example: https://linktr.ee/bika_global


And if you look again on youtube, more doubtful, only two videos and 10 subscribers.
Example:


This is marked, the exchange is highly doubtful to use in crypto trading/investment, you should follow @Charles-Tim's advice use a reputable exchange, to prevent problems in the future, Rather than you forcing yourself to use an exchange whose reputation is not yet clear.