Kriptoks

BUX Token is the native utility token of BUX, a Netherlands-based cryptocurrency exchange that promises to simplify purchasing cryptocurrencies and make it easy for users to switch wallets and interfaces. By owning the BUX Token, investors can buy more than 20 different cryptocurrencies commission-free. BUX claims to have high safety standards and vows to be continuously tested by safety experts, as well as keeping up with the latest developments in the cryptocurrency space.

BUX focuses almost exclusively on the European market, and it is available in several countries, including Austria, Belgium, Denmark, Finland, France, Germany, Gibraltar, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Monaco, Netherlands, Norway, Poland, Portugal, Spain, St Kitts and Nevis, Sweden, Switzerland, and the United Kingdom.

BUX Token is part of BUX, a European neo-broker that was founded in 2014 by Yorick Naeff, a Dutch entrepreneur and fintech expert who had previously worked at ING. BUX has over 600,000 clients across different countries in Europe and has raised more than $100M in funding. Currently, the exchange employs around 200 people in three different office locations in Europe. The cryptocurrency section is headed by Kai Bennink, who previously worked for IBM and was the founder of Blockport. This cryptocurrency application later merged with the BUX brand to form BUX Crypto.

BUX Crypto is a commission-free trading platform that falls under the umbrella of the BUX brand. Users who hold at least 1,000 BUX in the BUX Crypto portfolio can enjoy commission-free trading, and BUX is not deducted for trading with market orders. Limit orders incur a 0.25% commission. BUX offers a competitive withdrawal fee structure, with fees ranging from 0.0007 BTC to 0.005 ETH or 2€. Deposits on BUX are always free, and the minimum deposit threshold is 30€.

After BUX merged with Blockport, the Blockport Token BPT was renamed to the BUX Token BUX and migrated from Ethereum to Binance Smart Chain. BPT token holders had their BPT automatically swapped for BUX.

In summary, BUX Token is a native utility token of BUX, a Netherlands-based cryptocurrency exchange that focuses primarily on the European market. BUX Crypto is a commission-free trading platform that allows users to trade over 20 cryptocurrencies commission-free by owning the BUX Token. The exchange promises high safety standards, competitive withdrawal fee structures, and a user-friendly interface, making it an ideal choice for European investors looking to purchase cryptocurrencies.