BTC Markets Review by Fxstay professional crypto currency trading experts, All you need to know about BTC Markets exchange like how to solve BTC Markets login issue or how to open BTC Markets demo account, Finding out how to download BTC Markets trading platform, You will also know about what is BTCMarkets minimum deposit and is BTC Markets app for Android and iPhone available or no.
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BTC Markets Review
BTC Markets an Australian cryptocurrency exchange. While some of the other major players Down Under are merely entry service, meaning they simply allow you to buy or sell Bitcoin (or other coins) with AUD, this is a full fledged exchange, like Kraken, for instance.
BTC Markets is based in Melbourne. As the Australian government is currently in the process of creating a framework, by which crypto-exchanges should register, this one is still not overseen by any agency. That being said, we have no doubts BTC Markets will be among one of the first to follow the procedure.
This is reiterated by the fact they are a member of the Australian Digital Commerce Association (ADCA). This is a non-government, non-profit organization aimed at popularizing blockchain technology. Its members include well known companies like IBM and crypto-exchanges, like CoinSpot.
As we briefly mentioned in the beginning, BTC Markets is more of a digital asset exchange, than an entry-level service, they do accept AUD payment. Unlike some of the local competitors, they provide a more sophisticated trading environment on top of that.
When it comes to guaranteeing security, this exchange utilizes cold storage and two-factor-authorisation (F2A). BTC markets has not experienced a major hack yet.
The user reviews on BTC Markets can be separated in two categories. The happy customers acknowledge the fact, trading against the Aussie dollar will not be very liquid and requires slightly higher fees (more on that later). The unhappy ones have various issues, from slow account verification to even not receiving coins in their respective wallets. While we always take these with a grain of salt, there must be some basis for at least a portion of them.
The BTC Markets Trading Fees is variouse between %0.85 for amount $500 %0.1 for the amount above $5 million US Dollars.
The trading fee is based on a rolling 30-day total of your AUD trading volume across all your AUD trades. Your trading volume is calculated every hour. The relevant trading fee is applied when your order is created.
The trading fee across crypto-only pairs (LTC/BTC, ETH/BTC, ETC/BTC, XRP/BTC, BCH/BTC, OMG/BTC, POWR/BTC) is a flat-rate 0.22%, and these trades do not count towards your AUD trading volume.
BTC Markets Deposit and Withdrawal Methods
When it comes to the methods of payment available at BTC Markets, they include Bank Transfer, Credit/Debit Card. While we discussed the transaction fees above, it’s worth pointing out that no additional fees are charged for crypto currency transfers to other exchanges or wallets.
BTC Markets Deposit Fees
The BTC Markets Deposit Fee is zero and free, Deposits of more than AUD 500,000 equivalent in non-Australian currency are accepted, but are subject to foreign exchange conversion fees, which are incorporated in the blockchain-fiat conversion cost.
BTC Markets Withdrawal Fees
The BTC Markets Withdrawal fees is zero if you withdrawal by an Australian bank account but if you withdrawal by crptocurrencies it starts from 0.0001 BTC , The Bittrex withdrawal fees depends to which country and methods you want to receive funds.
How To Use BTC Markets?
To know How to Use BTC Markets exchange you can easily register with the broker’s website After sign up with the broker’s website then you will get the instructions by email and finding out How dose BTC Markets Works.
Several altcoins are available at BTC Markets. They are traded in certain pairs, as well as against the Australian dollar. Here are the details:
Cash pairs: BTC/AUD, LTC/AUD, ETH/AUD, ETC/AUD, XRP/AUD, BCH/AUD
Crypto to crypto: LTC/BTC, ETH/BTC, ETC/BTC, XRP/BTC, BCH/BTC
BTC Markets does not facilitate margin trading. This is quite understandable, given the volatility of cryprocurrencies and the comparatively low AUD trading volumes. While this is a major currency, which is often in the eyes of forex trades.
While we are on the topic of forex trading, did you know some brokers, like easyMarkets offer cryprocurrency CFDs?. These instruments follow the price dynamis of the coin they represent. That being said, there are a few other specifics, like the fact this may not be suitable for long-term investing, as the overnight fees can mount up. Be sure to read our detailed explanation.
The trading platform provided by BTC Markets is web-based, which is nothing unusual for crypto-exchanges. The charting package will not impress experienced traders, as it has little to no analytical capabilities.
When scrolling even further down, one sees the order book (the list of all buy and sell orders in the market)
The position of the transaction history and list of markets is rather bizarre. They are at the bottom of the page. While this isn’t a big deal, when choosing markets, active traders will prefer having the tape at a much more convenient place.
BTC Markets Login
For login to BTC Markets broker you can visit the broker website, After sign up you can check your email for free login instructions and do BTC Markets sign in.
If you can not log in to the broker’s website or you have BTC Markets Login problems its because the broker dose not provides service in your country.
If the broker provides service in your country and still you have BTC Markets login problem then you can contact the broker and ask for a BTC Markets Login advisor.
BTC Markets Supported Countries
BTC Markets offers its exchange services in Australia and accept clients from United States, United Kingdom, Canada, Singapore, The exchange also supports the following European countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.
BTC Markets Address
The BTC Markets Headquarter Address in Australia is:
GPO Box 3 – Melbourne VIC 3001
BTC Markets Phone Number
The BTC Markets Contact Number in Australia is:
Fax: 03 96136399
BTC Markets Customer Support
The BTC Markets customer support operate Monday – Friday (8am – 8pm) and Saturday – Sunday (10am – 6pm) in Australia time.
BTC Markets Review Conclusion
However the BTC Markets exchange is regulated but invest the amount you can afford to lose it as cryptocurrency market contains risk of losing your capital, For more information about cryptocurrency trading brokers visit TopForexBrokers crypto brokers comparison website, Tip ForexSQ foreign exchange trading experts please by share this article about BTC Markets Review.