BTSE Exchange Review
BTSE is a centralized exchange that occupies #142 on Guru InvestingExchange Tracker. BTSE has trading volume US$476,921,444 in the last 24 hours and US$208,659,618,962 in the last 7 days.
BTSE currently has 207 cryptocurrencies, 15 paper currencies and 577 markets (cryptocurrency trading pairs). The most popular trading pair on BTSE is Bitcoin/USD.
Compare BCE next to other exchanges here: Exchange comparison tool.
The BTSE cryptocurrency exchange was founded in 2018. She has an innovative way of trading because it’s like A hybrid of a classic cryptocurrency exchange offering spot and futures markets, and a viable platform for converting fiat money into cryptocurrency.. Moreover, it offers various other features such as over-the-counter tradingtrading bots, all-in-one order bookuser insurance fund and so on.
The platform is open to residents of more than 100 countries. However, it is wise to check your country’s stance on cryptocurrency trading regulations before using the platform. The BTSE cryptocurrency exchange uses advanced KYC verification technology to verify its users. This is necessary to ensure that the platform complies with anti-money laundering and anti-terrorist financing regulations. This also prevents attackers from accessing the platform.
Markets
Eat over 80 BTSE trading pairs available on the platform. The main trading market on the stock exchange is US dollar market. In general, the BTSE crypto exchange supports trading of assets such as BTC, ETHAnd LTCas well as stablecoins such as USDT And USDC. In addition, the platform allows deposits and withdrawals in nine different fiat currencies – US dollars, pounds sterling, Hong Kong dollars, euros, yen, Singapore dollars, Canadian dollars, dirhams and Australian dollars. Moreover, apart from BTSE spot trading, the exchange also offers futures, margin, over-the-counter and derivatives trading options.
As of January 2023 BTSE spot offers 11 markets5 of them are standard trading pairs, and the remaining 6 are indices. Trading with leverage on the BTSE crypto exchange can reach 100x on some trading pairs. This means you only need a margin of 1% to make orders 100 times larger.
BTSE Exchange Fee depend on the monthly trading volume of BTSE users. In addition, the platform has different commissions for makers and takers: from 0.01% for makers to 0.1% for takers.
There are no cryptocurrency fees for deposits on the BTSE platform. However, the minimum deposit for fiat currencies must be $100, while there is no minimum deposit for cryptocurrencies. Additionally, withdrawal fees depend on the currency in which you choose to withdraw. Fiat currencies are charged on an interest basis of 0.15%. In addition, BTSE also allows users pre-register for your new debit cardsdeveloped in collaboration with MasterCard, which should further simplify the process of depositing and withdrawing funds.
BTSE token is the platform’s own cryptocurrency. It is based on a Bitcoin sidechain called Liquid. It offers all kinds of incentives to its owners in the BTSE ecosystem. Some of these benefits include discounts on trading fees, rebates, and more.
other services
In addition to the trading processes described, the BTSE crypto exchange provides users with services such as trading bots, P2P trading, earning opportunities and user insurance fund.
In addition, the BTSE cryptocurrency exchange offers direct conversion tool between USDC, TUSD and USD, charging just 0.3% to convert these stablecoins into fiat money.
In addition, the platform has Referral program. This allows users to earn commission not only for introducing their friends to BTSE, but also through their friends’ friends. Referral levels are not limited. In general, users can earn 20% of their friends’ trading commissions and 10% of their friends’ referral earnings. Every user referred to the platform starts with a 30-day discount on their trading fees, including trades on the BTSE spot and futures markets.
About company
The BTSE cryptocurrency exchange is owned by BTSE VFA Exchange Platformcompany headquartered in the British Virgin Islands.
Most of the company’s business is managed by four main people: Jonathan Leong (Co-Founder and CEO), Brian Wong (Co-Founder and Chief Operating Officer), Yu Chong Kwak (CTO) and Joshua So (COO). The team has extensive experience in blockchain technology, cryptocurrency systems and development, innovative IT solutions and financial trading.
In January 2023, the BTSE volume was around $423 million.
BTSE related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
