BTSE Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of BTSE trading signals. You will learn what kinds of trading signals BTSE offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | USD, EUR, GBP, AUD, CAD, HKD, JPY, AED, PHP, INR, and cryptocurrencies |
| 🚀 Minimum deposit: | No requirements |
| ⚖️ Leverage: | Up to 1:100 and only for futures contracts |
| 💱 Spread: | 0.02%–0.10% for makers and 0.04%–0.12% for takers |
| 🔧 Instruments: | Cryptocurrencies, futures contracts, and NFTs |
| 💹 Margin Call / Stop Out: | No |
BTSE Pros and Cons
👍 Advantages of trading with BTSE:
•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.
👎 Disadvantages of BTSE:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
BTSE Trading Signals
The spot trading fee depends on trading volumes over the last 30 days. For makers, it varies in the range of 0.02%–0.1% of the transaction amount, and for takers, it’s 0.04%–0.12%. The charges are collected in the same currency in which a trader earns income from a transaction. For futures trading, takers pay 0.036%–0.05% and makers pay negative fees from –0.01% to –0.02%. BTSE token holders can trade at a discount of up to 60%. The fee for depositing cryptocurrencies is absent, and for fiat funds, it’s 0.05%–2%. Withdrawal fees are the following: 0.0005 BTC, 0.0005 ETH, 0.001 LTC, and 1 USDT. Banks, which receive and send payments, charge deposit and withdrawal fees that may amount to $20-80 per payment. Average fees for $1,000 transactions are provided in the table below.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $0.6 for makers $0.8 for takers |
Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that BTSE does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.