Btse.com Crypto Exchange Review: It Is Good Or Bad?

About Btse.com

Btse.com Exchange is a cryptocurrency exchange registered in the British Virgin Islands. It has been active since September 2018. This exchange is a so called derivatives exchange, meaning that they focus on derivatives trading. A derivative is an instrument priced based on the value of another asset (normally stocks, bonds, commodities etc).

In the cryptocurrency world, derivatives accordingly derive its values from the prices of specific cryptocurrencies. You can engage in derivatives trading connected to the following cryptos here: BTC, ETH, LTC, USDT, TUSD and USDC.

BTSE’s main vision is to implement Bitcoin to take its rightful place in the standard financial world. This review will give you an insiders look into all main structures, strengths, and weaknesses of this rising platform. So, let’s get started. 

Btse.com Crypto Exchange Basic Points

How To Start ?

How To Sign Up At Btse.com Exchange?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Btse Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Btse Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

GDAC Trading fees

BTSE Exchange Trading fees

Btse.com 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%. According to the latest empirical study on the subject, 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. We 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). 

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.

Features

Multiple asset trading

Traders can make marginal trades and settle their contracts in either fiat or cryptocurrency. This ensures that liquidity remains high. Moreover, it allows convertibility amongst assets through settlement channels. 

Collateral Posting

Btse.com Traders can maximize their assets with the multi-asset collateralization feature. Any combination of assets, which includes both fiat and digital assets, can be posted together in all markets. BTSE supports the following fiat currencies: USD, JPY, SGD, EUR, CAD, HKD, CNY, and GBP. It also supports the following coins: BTC, LTC, USDT, ETH, USDC, TUSD.

Margin Control

BTSE provides superior margin control, which allows traders to take advantage of market volatility without facing the risk of cryptocurrency fluctuations. The platform provides a multi-asset wallet which provides a lot of flexibility and quick asset management for users. 

High Leverage

BTSE offers up to 100x leverage across markets to boost earnings for traders. 

Multi-Currency Spot Trading

Btse.com platform uses a single order book for all its users to share the liquidity pool, regardless of the currencies traded. It allows increased participation across markets and ensures improved liquidity, lower costs, and greater trading efficiency.