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BTCMarkets Exchange Review : It Is Good Or Bad ?

Denny Bitsong by Denny Bitsong
16/02/2023
BTCMarkets Exchange Review : It Is Good Or Bad ?
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About BTCMarkets Exchange

BTCMarkets Since the founding in 2013, BTC Markets has grown into the largest, most liquid cryptocurrency exchange in Australia. started when Bitcoin was $110. We’ve witnessed five forks and two halvings. Outlasted all the pumps and dumps, the naysayers and FUD. Over 300,000 Australians have traded $14.1 billion on the platform via the Australian-made cutting edge technology.

BTCMarkets technology provides remitters access to Ripple’s On-Demand Liquidity (ODL) payments solution. Cross-border payments are now completed in seconds. The market-leading technology is a first for Australia.

BTCMarkets Basic Points

Exchange NameBTCMarkets
Accepted Payment MethodsCrypto to Crypto, Crypto to FIAT
LanguageEnglish
Fiat DepositYes
Deposit FeesFree
Easy To Use Yes
Security High
Maker Fees -0.05% 
Taker Fees0.20%
Withdraw Fee 0.0003 BTC
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At BTCMarkets Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At BTCMarkets Exchange . Just Click On Sign Up Button At BTCMarkets 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 BTCMarkets Exchange ?

Once your BTCMarkets 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 with (BTC/USDT/ETH/DOGE) and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At BTCMarkets Exchange ?

Once your account is funded, you can then begin day trading at BTCMarkets . 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 BTCMarkets Exchange ?

Withdrawing your funds from BTCMarkets 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.

How To Verify Id At BTCMarkets?

You Can Start Trading On BTCMarkets Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.

Trading Fees

BTC Market Pairs

Maker FeeTaker Fee
-0.05%0.2%

The BTC Market Pairs currently available are: LTC-BTC, ETH-BTC, XRP-BTC.

Deposit Fees

Bitcoin (BTC)Free
Litecoin (LTC)Free
Ethereum (ETH)Free
Ethereum Classic (ETC)Free
XRP (XRP)Free
Power Ledger (POWR)Free
OmiseGO (OMG)Free

Withdrawal Fees

Fees may vary with network congestion

Australian bank transferN/A
Bitcoin (BTC)0.0003 BTC
Litecoin (LTC)0.001 LTC
Ethereum (ETH)0.005 ETH
Ethereum Classic (ETC)0.001 ETC
XRP (XRP)0.01 XRP

2FA

BTCMarkets Two factor authentication (2FA) is an extra layer of security. After submitting your account password, you request a code via the Google Authentication app on your phone. You enter the code on the platform to then access your account. The two-factor code is very time sensitive. Even if it is out by a few seconds it may prevent you from accessing your account. Please check the time and date on your phone is fully synchronised and accurate.

Withdraw

Log in to BTC Markets, click Account and Withdraw. Select your withdrawal type (AUD or crypto) and enter your details. For crypto withdrawals, please ensure you enter the correct blockchain address. There are daily withdrawal limits for both asset types. Small processing fees are charged for crypto withdrawal.

Security

BTCMarkets Externally audited best practices.

Support

Expert support team of friendly professionals, based in Australia.

Liquidity

Unrivalled liquidity and market depth across 21 markets.

Security

BTCMarkets security and privacy of client data is our top priority. They run regular reconciliations of funds twice a day for crypto and hourly for AUD – to ensure they have a full reserve. also apply best practices, with continuous development and enhancement of the security measures.

Features :

Start your portfolio with simple Buy/Sell

Straightforward tools and processes Buy and sell cryptocurrencies with AUD or BTC. Choose from a range of different order types to suit your strategy.

  • Recurring transactions
  • Competitive fees
  • Multi-coin wallet

Tailor your trading experience in over 21 markets

Reliable platform with an advanced toolkit

BTCMarkets Trade easily using our reliable order execution. Constant uptime backed by deep pools of liquidity. Custom execute your strategy with advanced order types, live order book and trade data.

  • Advanced order types including stop-limit, take profit and time-in-force
  • World-class charting and technical analysis with Trading View
  • 21 tradable asset pairs over AUD and BTC

Fund your Account Your Way

Simple and versatile funding options

Deposit funds seamlessly using the method that best suits your needs or preferences.

  • Free AUD withdrawal and deposits
  • Same-day deposits via PayID and BPAY
  • Instant funding through Osko

Industry-leading Security Protection

Encrypted personal data and asset protection

The implement industry-recognised best security standards, including personal data encryption, internal control limits, and off-site cold wallet storage.

  • 98% of assets in encrypted cold storage
  • Two-factor authentication and rate limits
  • SSL encryption for your protection
Tags: BTCMarkets ExchangeBTCMarkets Exchange loginBTCMarkets Exchange review
Denny Bitsong

Denny Bitsong

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All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .