BTSE Cryptocurrency Exchange Review : Pros & Cons

About BTSE Cryptocurrency

BTSE Cryptocurrency is a leading digital asset exchange that empowers users by offering a simple and secure way to trade. Its growing suite of financial services is designed to bridge traditional finance with digital assets solutions.

BTSE’s innovative technology offers a set of digital financial solutions featuring multi-currency spot and derivatives trading, in addition to NFT and exchange white labels, over-the-counter (OTC) trading, asset management, and payment gateways.

Additionally, BTSE provides an all-in-one order book, strict security protocols, an insurance fund, cold storage for more than 99% of assets and no withdrawal limits on over 12 fiat currencies and 100 cryptocurrencies.

Information Table

How To Register At BTSE Exchange ?

To register on BTSE , click Register Now button at the top of the page. You can also start creating an account directly through.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your BTSE Account ?

There is no mandatory verification at BTSE , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal Fee of 0.001 BTC per day. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitstamp, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At BTSE Crypto Exchange ?

There are two main options for topping up your balance on BTSE Exchange. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From BTSE Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your BTSE Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app.

BTSE Exchange Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

This platform charges takers 0.12% per trade for takers, and 0.10% per trade for makers. These taker and maker fees are both below both the old and the new global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%, the industry average spot trading taker fees were 0.217% and the industry average spot trading maker fees were 0.164%.

With respect to contracts trading fee, takers pay 0.04%. But the contracts trading taker fees are not even BTSE Exchange’s strongest edge. At this platform, makers get paid to trade. BTSE Exchange’s contract trading maker fees are -0.01%. Naturally, this is a great deal for the makers in the contract trades at this exchange. They are really impressed by it. There are only a dozen other exchanges in the world that have negative maker fees.

Compared to the contracts trading industry average fees, the fees charged by BTSE Exchange are far below average. The contracts trading industry averages are 0.064% for takers and 0.014% for makers.

BTSE Exchange also offers trading fee discounts to customers who achieve certain trading volumes, or hold a larger number of BTSE-tokens (the exchange’s native tokens). Here are the available trading fee discounts for spot trading (as of 30 September 2021)

BTSE Exchange Withdrawal fees

BTSE Exchange charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is just below the industry average. The current global industry average is slightly above 0.0006 BTC per BTC-withdrawal so a fairly decent offering by BTSE Exchange in this respect.

Deposit Methods

In addition to depositing cryptocurrency to the platform, BTSE Exchange also lets you deposit fiat currency, through both wire transfer and credit or debit card. Accordingly, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Features Of BTSE Crypto Exchange

In-house Technology and Infrastructure

They keep the systems in house so we don’t have to rely on third-party providers. They keep your funds separate from ours, and store 99% of user assets in cold wallets.

Security

BTSE prioritizes security and employs industry-standard measures to protect user accounts, including two-factor authentication and cold storage for the majority of users’ funds.

Trading pairs

BTSE offers trading pairs for a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many others.

Advanced trading tools

BTSE offers advanced trading tools such as stop orders, market orders, and limit orders to help traders execute their trades with precision and efficiency.

Margin trading

BTSE allows users to trade on margin, meaning they can borrow funds to increase their trading capital and potentially boost their profits.

OTC Trading

BTSE offers OTC (over-the-counter) trading services for users looking to execute large trades without affecting the market price.

Futures Trading

BTSE offers futures trading for several cryptocurrencies, allowing users to trade with leverage and hedge their positions.

Mobile App

BTSE has a mobile app for iOS and Android devices, allowing users to access the exchange and trade on-the-go.

Mind Blowing Design

They’ve done a great job with making the homepage easy to navigate. The only drawback is that, with the white background, it can be hard on your eyes. Other than that, you’ll find their charts and trade tools easy to use if you’re already familiar with BTSE .

24/7 Customer Support

BTSE Crypto Exchange offers 24/7 customer support to help users with any questions or issues they may have. The support team is knowledgeable and responsive, and can be reached via email or live chat.

Conclusion BTSE

In conclusion, BTSE is a cryptocurrency exchange that offers a range of advanced trading features and tools, including margin trading, OTC trading, futures trading, and a mobile app. The exchange also prioritizes security and offers customer support through a variety of channels. With a wide range of trading pairs and advanced tools for executing trades with precision and efficiency, BTSE is a popular choice among both novice and experienced traders looking to buy and sell cryptocurrencies.