In the ever-evolving world of cryptocurrencies, finding a reliable and innovative exchange platform is crucial for traders and enthusiasts alike.
Enter BTSE, a cutting-edge trading platform that is revolutionizing the way we trade digital assets. With its comprehensive suite of features, advanced trading tools, and commitment to security, BTSE, which stands for Buy, Trade, Sell, Earn, has quickly emerged as a prominent player in the crypto market.
In this review, you will understand BTSE and its features, how to set up an account, execute orders, trading fee structure, and everything you need to know as an advanced trader.
Official Website
https://www.btse.com/
Founding Year
2018
Headquarters
Road Town, Tortola
Trading Volume
$1.4 billion
Trading Options
Spot Trading, Derivatives Trading, OTC
Trading fees
From 0.01% for futures, maximum 0.2% for spot
Total listed Coins
130+
Trading Pairs
500+
Supported fiat currencies
USD, EUR, GBP, AUD, CAD, HKD, JPY, AED, SGD, INR, CHF, MYR, PHP
Supported Top-Up Fiat Currencies
SWIFT: USD, EUR, GBP, HKD, JPY, AUD, AED, SGD.SEPA: EUR
Withdrawal options
32 blockchains including major ones like Bitcoin and Ethereum
Bank withdrawals Supported
Yes
Bank withdrawal fees
0.1% (minimum charge $25)
Deposit methods
Major credit/debit cards, AstroPay, Bank Transfer
Restricted countries
9+
Native Token
BTSE Token
Mobile App
Available on App Store & Google Play Store
Support Channel
https://support.btse.com/en/support/home
Coinpedia rating
/10
Security rating
8/10
User Interface
Easy to use
Easy to set up
Very Easy
App Store Rating
4.7
Play store Rating
4.8
Security
Highly secure, backed by in-house proprietary technology
Hacking attempts/Hacks
Never been hacked
KYC verification duration
1-2 Days Maximum
Regulation & Compliance
Licensed in Lithuania and Liechtenstein. Pending licenses in other parts of Europe and Asia.
Liquidity
Highly liquid
Proof Of Reserves
Not publicly disclosed
What is BTSE
?
BTSE is a centralized cryptocurrency trading platform that was established in 2018. It was founded by a team of tech and trading professionals and prides itself on its user-friendly interface and advanced trading features. BTSE is headquartered in the British Virgin Islands and has quickly gained recognition as a reliable and innovative exchange in the crypto industry.
The exchange offers spot and futures trading, enabling users to buy and sell cryptocurrencies at the current market price or trade with leverage to amplify their bets. This caters to both experienced traders looking for advanced trading strategies and newcomers seeking a straightforward trading experience.
Over 90% of traders’ assets are stored in cold wallets, which are offline storage systems that provide an extra layer of protection against potential hacking attempts and unauthorized access. This emphasis on security ensures that users’ funds are safeguarded to the greatest extent possible.
With its comprehensive range of services and a focus on security, BTSE has established itself as a trusted platform for cryptocurrency trading.
BTSE Exchange Features
BTSE offers a range of features that make it a comprehensive platform for cryptocurrency trading. Here are some of its notable features:
Trading Options:
BTSE offers spot trading and futures trading for users to engage in cryptocurrency trading.
Trading Fees:
The trading fees on BTSE Exchange are 0.00 – 0.20% per trade. The fee structure is competitive within the industry, with rates decreasing as trading volumes increase.
Cold Wallet Storage:
BTSE keeps over 90% of traders’ assets in cold wallets. Cold wallets are offline storage systems that offer an added layer of security against hacking attempts and unauthorized access.
Leveraged Futures Contracts:
The exchange provides over 70 different futures contracts across both perpetual and time-date futures, enabling traders to speculate on the price movements of cryptocurrencies. BTSE offers up to 100x leverage for Bitcoin and Ethereum futures and 20x leverage for most altcoins.
Security Features:
BTSE prioritizes the security of users’ funds and implements various security measures. These measures include two-factor authentication (2FA), encrypted communication, and cold wallet storage for over 90% of traders’ assets.
Earn:
BTSE offers a variety of passive earning options that include attractive APYs of up to 9% for stablecoins such as USDT and up to 30.1% APY on altcoins. Both flexible and fixed time period staking options are available.
Deep Liquidity:
BTSE strives to maintain high liquidity on its platform, ensuring that users can enter and exit trades smoothly without significant slippage. This helps to enhance the trading experience and provides users with better execution of their orders.
Advanced Trading Tools:
BTSE offers a range of advanced trading tools, including charting indicators, order types, price alerts, and more, to assist users in executing their trading strategies.
BTSE’s OTC Desk: Empowering Large-Scale Traders
When it comes to selling a significant amount of cryptocurrency, traditional trading platforms may not be the ideal choice. That’s where BTSE’s OTC (Over Counter) trading comes in.
OTC trading provides a solution for large trades that could potentially impact market prices or face challenges due to thin order books. In this respect, BTSE understands the needs of “whales” and “dolphins” in the crypto world.
With the BTSE OTC desk, you can execute substantial trades with ease and confidence. Say goodbye to concerns about market impact or liquidity constraints. Whether you’re a whale making waves or a dolphin seeking optimized trading conditions, BTSE is available to provide a seamless and secure trading experience tailored to your needs.
Cryptocurrencies Available On BTSE
There are 130 cryptocurrencies and 500+ trading pairs that can be traded on the exchange
marketplace
.
Some of the popular cryptocurrencies on the platform include;
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Polkadot (DOT)
Chainlink (LINK)
Stellar (XLM)
EOS (EOS)
You can find a complete
list
of tradable cryptocurrencies on their
official website
.
How to Set up a New Account on BTSE
Setting up a new account on BTSE is a straightforward process. Follow these step-by-step instructions to create your account:
Step 1:
Go to BTSE’s official website
Step 2:
Click on “Sign Up” or “Register”
Step 3:
Provide details such as name, age, & email address and create a password
Step 4:
Agree to the Terms and Conditions
Step 5:
Complete the account verification process (KYC verification)
Step 6:
Set Up two-factor authentication (2FA)
Step 7:
Fund your account
How to Deposit Cryptocurrencies on BTSE
To deposit cryptocurrencies into your BTSE account, follow these step-by-step instructions:
Step 1: Sign in to your BTSE account
Step 2:
Locate and navigate to the “Deposit” or “Wallet” section of the platform
Step 3:
Select the cryptocurrency to deposit
Step 4:
Generate a deposit address & copy the provided deposit address or scan the QR code associated with it
Step 5:
Initiate a transfer from that wallet to the deposit address provided by BTSE.
Step 6:
Confirm the deposit
Step 7:
Check your BTSE account or the deposit section to verify that the funds have been successfully deposited
How to Buy Cryptocurrencies on BTSE
To buy cryptocurrencies on BTSE using a desktop computer, follow these step-by-step instructions:
For desktop:
Step 1:
Log in to your BTSE account
Step 2:
Navigate to the Trading Page or “Trade” page on the BTSE platform.
Step 3:
Choose the cryptocurrency pair (For example, if you want to buy Bitcoin with USDT, choose the BTC/USDT trading pair).
Step 4:
Set the order type and enter the quantity or amount of the cryptocurrency you want to buy
Step 5:
Review and confirm the order
Step 6:
Place the buy order
For Mobile:
Step 1:
Go to the
Apple App Store
(for iOS devices) or
Google Play Store
(for Android devices) and install the BTSE mobile app
Step 2:
Sign in or create a new account
Step 3:
Navigate to the trading section
Step 4:
Select the cryptocurrency pair (For example, if you want to buy Ethereum with USDT, select the ETH/USDT trading pair).
Step 5:
Set the order type and enter the quantity or amount of the cryptocurrency you want to buy.
Step 6:
Review and confirm the order
Step 7:
Place the buy order
How to Sell Cryptocurrencies on BTSE
To sell cryptocurrencies on BTSE, follow these step-by-step instructions for both desktop and mobile platforms:
For Desktop:
Step 1:
Sign in to your BTSE account
Step 2:
Navigate to the trading section
Step 3:
Choose the specific cryptocurrency you want to sell from the available options
Step 4:
Place a sell order
Step 5:
Execute the sell order
For Mobile:
Step 1:
Open the BTSE mobile app on your smartphone or tablet device.
Step 2:
Sign in to your BTSE account
Step 3
: After logging in, navigate to the “Trading” or “Markets” section within the app.
Step 4:
Choose the specific cryptocurrency you want to sell from the available options.
Step 5:
Place a sell order
Step 6:
Execute the sell order
How to Withdraw Cryptocurrencies from BTSE
To withdraw deposited cryptocurrencies from your BTSE account, follow these step-by-step instructions:
Step 1:
Sign in to Your BTSE account
Step 2:
Once you are logged in, locate and navigate to the “Withdrawal” or “Wallet” section of the platform
Step 3:
Choose the specific cryptocurrency that you want to withdraw from your BTSE account
Step 4:
Enter the Withdrawal Details such as wallet address and the amount of cryptocurrency you wish to withdraw
Step 5:
Once you have confirmed the withdrawal details, submit a withdrawal request
Step 6:
After submitting a withdrawal request, you will need to wait for the transaction to be processed and confirmed on the blockchain network
What are the Applicable Fees Charged by BTSE?
BTSE Trading Fees
When placing an order on BTSE, a trading fee is incurred. This fee is typically a percentage of the order’s value and applies to both takers and makers. Takers are individuals who execute existing orders from the order book, while makers contribute liquidity by adding orders to the order book.
Trading fees for futures on BTSE start from 0.01% for makers and 0.05% for takers. High-volume traders on BTSE stand to enjoy rebates on trading fees, while holders of the platform’s BTSE token also enjoy trading fee discounts.
On-Chain Withdrawal Fees at BTSE
On-chain withdrawal fees at BTSE are competitively priced and vary according to the token and network used. The detailed list can be found
here
.
Fiat Withdrawal Fees on BTSE
Bank withdrawal fees at BTSE start from 3 EUR and vary by currency and withdrawal channel. More details can be found
here
.
BTSE provides transparent and cost-effective services, ensuring your trading experience is seamless and efficient.
Supported Payment Methods at BTSE
BTSE supports various payment methods to facilitate deposits and withdrawals. Here are the supported payment methods:
Cryptocurrency Deposits
BTSE supports cryptocurrency deposits, allowing you to transfer your digital assets from external wallets or exchanges to your BTSE account. You can deposit popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and many others listed on the exchange.
Bank Transfers
BTSE also supports bank transfers for both fiat currency deposits and withdrawals. You can initiate a bank transfer from your bank account to the designated bank account provided by BTSE. Supported fiat currencies for bank transfers may include USD, EUR, and other currencies based on your region.
Debit/Credit Card
BTSE provides the option to deposit funds using major credit or debit cards. This allows you to use your card to fund your BTSE account conveniently.
Customer Support at BTSE
BTSE provides customer support to assist users with inquiries, concerns, and technical issues. Here is an overview of the customer support options available:
Support Channels
BTSE offers a dedicated support website where users can find a comprehensive knowledge base and frequently asked questions (FAQs) section. The support website is accessible at:
https://support.btse.com/en/support/home
The support website provides detailed information on various topics such as account setup, trading, deposits and withdrawals, security, and more.
Users can browse through the knowledge base to find answers to common questions and troubleshoot issues independently.
Chatbot Selene
BTSE has a dedicated online chatbot named Selene, after the moon goddess from ancient Greek mythology. Selene embodies the spirit of “to the moon” – the popular crypto phrase that represents the idea of achieving greatness. The AI-backed Selene chatbot is designed to guide users through any queries that might have about using the BTSE platform.
Contact Form
BTSE provides a
contact form
on its support website. Users can fill out the form with their inquiry or problem and submit it to the support team.
The support team will review the submitted request and respond to the user via email or through the provided contact information.
Email Support
Users can reach out to BTSE’s customer support team by sending an email to the designated support email address. The email address can be found on the support website or in the contact information provided by BTSE.
For urgent matters or time-sensitive issues, users may consider reaching out to BTSE through their
official social media
channels or other communication channels specified by the exchange.
BTSE strives to provide timely and helpful support to its users, ensuring a smooth trading experience and addressing any concerns or difficulties encountered along the way.
Conclusion
BTSE offers a robust and reliable platform for cryptocurrency trading. With its advanced features, secure infrastructure, and extensive range of supported cryptocurrencies, BTSE provides a seamless trading experience for both novice and experienced traders. The platform’s commitment to security, transparency, and customer support ensures that users can trade with confidence.
While there may be room for improvement in terms of user interface and mobile applications, BTSE’s commitment to continuous development and innovation promises a platform that evolves to meet the changing needs of the cryptocurrency market.
Overall, BTSE’s strong reputation, competitive fees, and comprehensive range of features make it a compelling choice for traders seeking a reliable and secure platform to engage in cryptocurrency trading.
FAQs
How can I create an account on BTSE?
To create an account on BTSE, you can visit their
official website
and click on the “Sign Up” or “Register” button.
Can I deposit and withdraw fiat currency on BTSE?
Yes, BTSE supports fiat currency deposits and withdrawals. It provides a range of fiat options, including USD, EUR, GBP, and more, allowing users to easily convert between cryptocurrencies and fiat currencies.
Does BTSE offer leverage trading?
Yes, BTSE allows users to trade with leverage.
Can I participate in staking or earn passive income on BTSE?
BTSE offers opportunities for users to stake certain cryptocurrencies and earn staking rewards.
How does BTSE ensure the security of user funds?
BTSE prioritizes the security of user funds and employs industry-standard security measures. These include cold storage of funds, multi-signature wallets, two-factor authentication (2FA), and regular security audits to safeguard user assets.
Does BTSE offer 24/7 customer support?
Yes, BTSE provides 24/7 customer support to assist users with their queries and concerns.
Does BTSE have a mobile app?
Yes, BTSE offers a mobile app for both iOS and Android devices, providing users with the flexibility to trade on the go.
Is BTSE regulated?
BTSE holds licenses in Lithuania and Liechtenstein and is in the midst of obtaining licenses in several other jurisdictions in Europe and Asia. The exchange complies with applicable laws and regulations to ensure a compliant and transparent trading environment.
Is KYC (Know Your Customer) verification required on BTSE?
KYC verification is required on BTSE for fiat transactions to comply with regulatory guidelines and ensure user security. However, KYC is not necessary for crypto-to-crypto transactions on the platform.
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Pros
Simple registration procedure
Deep liquidity and competitive trading volumes
Availability of advanced order types such as TWAP, icebergs, hidden orders, and post-only orders
Secure and reliable platform with robust security measures
Support for a wide range of cryptocurrencies and digital assets
Compatibility with fiat currencies for easy deposit and withdrawal
User-friendly interface for a seamless trading experience
Dedicated OTC trading desk for large volume transactions
Global availability, serving traders from around the world
Prevention of negative balances with Auto-Deleveraging (ADL)
Responsive customer support for prompt assistance
Offers round-the-clock support and a live chatbot for seamless customer assistance/li>
Cons
A limited selection of cryptocurrencies compared to some other exchanges
Limited availability of fiat currency options for certain regions
There are incoming fees for all other fiat currencies except USD via SWIFT and EUR via SEPA
Less well-known compared to larger and more established exchanges
Tags
Crypto Exchange
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