BTC Markets (BTCMarkets) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Variety of cryptocurrencies, the Australian dollar, staking and super funds investment programs, the Bug Bounty program
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Variety of cryptocurrencies, the Australian dollar, staking and super funds investment programs, the Bug Bounty program
Our Evaluation of BTC Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BTC Markets is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.67 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BTC Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The BTC Markets cryptocurrency exchange offers favorable trading terms, a simple and functional terminal, and unique solutions for investors. There are many cryptocurrencies, as well as crypto-fiat pairs. The platform is characterized as transparent and secure. The number of users and trading volumes are constantly increasing. The website may not be good enough for novice traders, as it doesn’t provide demo accounts and advanced training courses.
Brief Look at BTC Markets
BTC Markets is a cryptocurrency exchange and trading platform with advanced blockchain investment options. Bitcoin, Litecoin, Ethereum, XRP, and other cryptocurrencies are traded on this platform, and the pool of assets available is constantly expanding. Only the Australian dollar is represented by the fiat funds. The cryptocurrency exchange offers two solutions for passive earnings such as auto staking with cryptocurrency rewards and self-managed digital assets superfunds. Attentive users can be rewarded with the Bug Bounty vulnerability detection program. The exchange operates transparently and provides tax reporting. There is no referral program. Basic training is available for novice traders.
- variety of cryptocurrencies, including pairs with the Australian dollar;
- large trading volumes, high liquidity;
- convenient trading terminal like TradingView in the browser;
- new cryptocurrencies regularly appear on the site;
- two investment programs (staking and super funds);
- Transparent work, there is tax reporting;
- high-security level of a multicurrency account.
- only the Australian dollar represented as fiat;
- there is no full-fledged training;
- technical support does not have a call center.
TU Expert Advice
Financial expert and analyst at Traders Union
The BTC Markets cryptocurrency exchange is among the leading players in Australia. The company is well known in the USA and Europe, where many traders choose it because of its large trading volumes and favorable terms. All popular cryptocurrencies are traded on this exchange. Some pairs are coupled with the Australian dollar. Deposits and withdrawals are available through all major channels – from bank accounts to Visa/MC cards. All deposit options are free, there are only withdrawal fees.
Some traders point to the lack of mobile trading as a serious disadvantage. However, the BTC Markets web terminal is simple and convenient, and it is based on the TradingView system. It has all the necessary functions such as market charts, indicators, order books, trade archives, etc. The website doesn’t limit trading strategies, doesn’t set limits on transactions, deposits, or withdrawals.
The investment programs of BTC Markets, based on investments in blockchain projects of the platform's partners, shall be considered as a special advantage. At the moment, there are two investment options - staking and superfunds of securities. The platform is not focused on novice traders, it doesn’t offer demo accounts and training courses, only a basic FAQs document on major cryptocurrencies. Nevertheless, the exchange can be recommended without restrictions given the requirement of a minimum deposit.
BTC Markets Summary
| 💻 Trading platform: | Proprietary TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, JPY |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Variety of cryptocurrencies, the Australian dollar, staking and super funds investment programs, the Bug Bounty program |
| 🎁 Contests and bonuses: | n/a |
BTC Markets cryptocurrency exchange doesn’t set minimum deposit limits. There are no deposit/withdrawal limits and no limits on trading strategies on the site. There is no leverage for margin trading. The technical support operates twenty-four/seven. You can contact technical specialists and website managers only by the ticket system. Please study the trading terms in the table below.
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Commissions & Fees
There are twenty trading levels. At the lowest (first) level with a trading volume of up to $500 in the last 30 days, the maker/taker commission is 0.85%. At the highest (twentieth) level, with a trading volume of $5 million over the last 30 days, the maker/taker commission is 0.1%. You can also reduce the commission by using a rebate through the Traders Union.
No deposit fees are charged. Withdrawal fees depend on the asset. For example, the Bitcoin withdrawal fee is 0.0003 BTC, and the Tether withdrawal fee is $20. There are no extra fees for the cryptocurrency exchange.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.85 % per application | Yes |
Thus, the largest possible commission for trading operations is 0.85%. This is a market average indicator that improves as the trading volume increases. The fees are low when applied to trading against Bitcoin. Please find the data for several websites for comparison in the table below:
| Broker | Average commission | Level |
|---|---|---|
|
$0.85 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The BTC Markets cryptocurrency exchange offers two investment options, both are based on blockchain projects leveraging. The first option is typical staking. You choose which cryptocurrency and volume you want to lend.
Depending on the asset, the terms of the specific program, and the term, you get interest payments. Payments are 5-10% on average. The minimum term is one month, the maximum is 12 months. The amount of cryptocurrency you specified is not frozen in your account. You can withdraw funds invested in the program at any time. But in this case, the interest payments will be recalculated and reduced. The amount of cryptocurrency specified in the program terms must always remain on your account and active turnover. Then you will get full interest payments.
Super funds are the second investment option available to BTC Markets users. Its difference from staking is that you buy securities backed by cryptocurrency assets. The securities are reserved in the fund in reference to you, and you get a fixed interest on them as long as you possess them. Their value varies with market terms over time. At any time, you can sell the securities you own or buy new ones on new terms.
BTC Markets superfunds operate according to the rules of the securities exchange and are subject to the relevant laws. This is 100% transparent income from which the exchange automatically pays taxes for you.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BTC Markets’ affiliate program
The BTC Markets cryptocurrency exchange doesn’t allow users to earn money on invited referrals. The website is focused primarily on active trading. There are only the above-considered investment programs of the options for passive earnings.
User Satisfaction