BTSE 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
- Mobile Apps
- Broad choice of investment programs, as well as reduced fees for large trading volumes and holding utility tokens
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
- Mobile Apps
- Broad choice of investment programs, as well as reduced fees for large trading volumes and holding utility tokens
Our Evaluation of BTSE
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
BTSE is a high-risk cryptocurrency exchange with the TU Overall Score of 2.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BTSE clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BTSE ranks 156 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The BTSE exchange supports trading in various cryptocurrency instruments, offers investment solutions, and allows users to start trading from any amount.
Brief Look at BTSE
The centralized BTSE cryptocurrency exchange is managed by BTSE Holdings Limited, registered in the British Virgin Islands. It has been providing cryptocurrency purchase, sale, and exchange services since 2018. BTSE supports deposits and withdrawals in 10 fiat currencies, doesn’t have minimum deposit requirements, and offers transactions with over 100 cryptocurrencies. Its clients can trade NFTs and leveraged futures contracts. This exchange also provides platforms for spot and margin trading while keeping over 99% of its traders’ assets in cold wallets.
- absence of minimum investment requirements;
- reduction of transaction fees due to the growth of trading volumes;
- several platforms for various traders’ requests such as margin trading, spot transactions, and fast purchase and sale of cryptocurrencies;
- prevention of negative balances with Auto-Deleveraging (ADL);
- diversity of investment solutions for passive income earning;
- broad choice of fiat currencies;
- simple registration procedure.
- high fees for deposits and withdrawals of currencies via bank transfers;
- income from cryptocurrency staking is only available to large investors;
- the exchange’s website doesn’t have a chat room for quick connection with tech support, and operators respond by email within 24 hours.
TU Expert Advice
Financial expert and analyst at Traders Union
BTSE offers several interfaces. The simplest one, Buy/Sell, serves to quickly purchase cryptocurrencies with credit cards and sell digital assets. The “Convert” button enables users to exchange one cryptocurrency for another or for fiat money. On the Spot platform, which displays the TradingView charts, traders can place market or limit orders and work with the order book. The Futures interface is intended for trading futures contracts, and the Streaming Quotes interface is for trades in the over-the-counter market.
One of the main services of BTSE is the platform for margin trading. Here traders can trade both unassisted while using various advanced bots such as Scale, Ping Pong, mArgin maker, Bollinger Band, or EMA. The Margin Trading Terminal is unavailable in the web version and needs to be installed on devices powered by macOS, Windows, or Linux. This terminal has the most popular indicators, including RSI, MACD, EMA, Bollinger bands, and others.
BTSE doesn’t have minimum deposit requirements. But one should note that total charges for depositing through a bank transfer may reach $80, so depositing small amounts in this way is unreasonable. To those traders who are not ready to invest a lot of money, BTSE’s developers recommend making deposits in cryptocurrencies. And if the priority is fiat money, it’s better to use bank cards.
BTSE Summary
| 💻 Trading platform: | Interface for instant purchase and sale of cryptocurrencies; platforms for margin, spot, and futures trading; and the mobile app |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, EUR, GBP, AUD, CAD, HKD, JPY, AED, PHP, INR, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, and cryptocurrencies |
| 🚀 Minimum deposit: | No requirements |
| ⚖️ Leverage: | Up to 1:100 and only for futures contracts |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.001 BTC, 0.001 ETH, 0.001 LTC, 0.001 XMR, 1 USDT, and 1 XRP |
| 💱 Commission: | 0.02%–0.10% for makers and 0.04%–0.12% for takers |
| 🔧 Instruments: | Cryptocurrencies, futures contracts, and NFTs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit orders, market orders, index orders, stop orders, and take profit orders (Take Profit Limit and Take Profit Market) |
| ⭐ Trading features: | Broad choice of investment programs, as well as reduced fees for large trading volumes and holding utility tokens |
| 🎁 Contests and bonuses: | Lotteries and access to NFT whitelists |
On BTSE, one can buy and sell cryptocurrencies for fiat money, make spot trades, and do margin trading. For futures trading, the exchange offers leverage of 1:20-1:100 depending on the asset types. Minimum deposit requirements are absent.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $0.6 for makers $0.8 for takers |
Yes |
Comparison of the fees on BTSE and other popular cryptocurrency exchanges
| Broker | Average commission | Level |
|---|---|---|
|
$0.7 | |
|
$6 | |
|
$20 |
Investment Options
Based on the available ways to make money, BTSE is an all-inclusive exchange because it allows users to earn income not only on active trading but also by holding funds in the internal wallets of their user accounts. Besides that, clients can use algorithmic trading, i.e., trading assisted by robots. Another way of earning passive income on BTSE is through its referral program.
Options for making money on BTSE without active trading
BTSE’s clients can earn passive income by staking cryptocurrencies. Amounts of profits depend on selected terms, deposit program types, and cryptocurrencies. Unlike other exchanges, to start investing on BTSE, one needs to deposit quite a large amount to their wallet like from $900 to $1,300 worth of cryptocurrencies. All available investment programs are displayed in the Earn menu of the mobile app and web platform.
Solutions for gaining profit from holding currencies:
Funds are manageable funds that bring an income of 4.5%–12.5%; the supported terms are 30, 60, and 90 days; and the minimum investment is $1,000 in terms of BTC, ETH, USDT, or USDC.
Staking is a program for earning on staking 44 cryptocurrencies. The exchange offers to freeze funds for 30, 50, 60, or 90 days and get from 0.36% to 50.4% in interest. In case of early repayment, the interest is not paid out. The minimum balance required for staking is $900–$1,300 worth of cryptocurrencies.
Fixed is a type of term deposit at the annual interest rates of 2.4%–8.5%. Traders can invest $1,000 or more in terms of BTC, ETH, TUSD, USDC, or USDT. The available program terms are 7, 14, 30, 60, and 90 days.
The exchange also offers the Lending program under which the borrower provides his assets to the BTSE capital pool and gets a guaranteed interest in return. The investor can give the exchange his BTSE tokens, as well as stablecoins such as wUSD, wEUR, wGBP, wHKD, or wSGD. Annual interest rates vary from 3.65% to 7.5%. Lending terms are determined by the assets’ owner.
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.
BTSE’s affiliate program
It’s a two-level referral program with unlimited terms. An affiliate gets 20% of the trading fees charged from 1st level referrals and 10% of the fees charged from 2nd level referrals. Affiliate rewards are paid during the whole time of the referrals’ trading activity.
Traders that register using the referral link get a 20% discount on the fees for all futures trades and spot market trading. The discount is valid for 30 days from the moment a user account is created.
User Satisfaction