BTSE is a rapidly growing crypto exchange that is seeking to become a go-to platform for many crypto enthusiasts.
Founded in 2018 by Jonathan Leong, BTSE offers a seamless trading experience with a blend of innovative features and strong security measures. Whether you're a beginner or a seasoned trader, BTSE has something to offer everyone.
The exchange supports over 150 cryptocurrencies, providing access to all the most popular assets. Besides that, it also supports 17 fiat currencies for buying and selling crypto. The process is facilitated by a network of crypto-friendly banks and payment providers.
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What about security? Well, BTSE uses in-house technology and infrastructure, avoiding reliance on third-party providers and thereby minimizing potential vulnerabilities. User funds are kept in isolated custody, with 99% stored in cold wallets. Additionally, the company maintains a multi-million dollar insurance fund to compensate users in the event of security incidents.
Trading on BTSE
Quite an impressive aspect of BTSE is its All-In-One Order Book. It shows everything in one place and is pretty easy to use. Besides that, it consolidates liquidity across multiple trading pairs to provide deeper liquidity and tighter spreads.
Overall, the trading process on BTSE is streamlined and user-friendly. It provides users with spot and futures trading. Spot trading fees start at 0.2%, while futures fees start at 0.01% for makers and 0.05% for takers. These are some pretty competitive fees compared to the industry standard!
BTSE supports multiple order types, including stop loss and take profit orders, available on both desktop and mobile app versions. This flexibility allows traders to manage their positions on the go, ensuring they never miss a trading opportunity.
Besides spot and futures trading, though, it also offers P2P trading, copy trading, and OTC trading.
To start trading on BTSE, follow these steps:
- Go to BTSE and register using your email.
- Verify your identity. When creating an individual account, you'll need to provide a photo of your ID, a document that proves your address, and a selfie.
- Fund your account. Either deposit already owned crypto or buy new assets with fiat.
- Pick the trading method you want and start trading.
The process is very easy. If you do face any issues, you can always contact BTSE support.
Just note that BTSE is not accessible everywhere. Residents from Belarus, Central African Republic, Cuba, North Korea (Democratic People's Republic of Korea), Congo (Democratic Republic of Congo), Eritrea, Iran, Iraq, Lebanon, Liberia, Libya, Russia, Somalia, South Sudan, Sudan, Syria / Syrian Arab Republic, Yemen, the US, Republic of China (ROC – Taiwan), Singapore, Canada, and New Zealand cannot use the platform.
Trading Fee Reduction with BTSE Cash
Another notable aspect of the exchange is BTSE Cash, a promotional currency denominated in USDT. BTSE Cash can be used to reduce trading fees.
With just 50 USDT in BTSE Cash, general users can trade 25,000 USDT in spot trades without paying the usual 0.2% fee, while VIP users can enjoy even greater savings. Similar discounts are available in futures trading as well.
This effectively reduces trading costs, allowing users to stretch their profits further. So, although BTSE Cash is not a withdrawable asset, it’s great for making your trades more cost-effective.
Other BTSE Features
BTSE also offers a range of innovative financial products. The BTSE Card, for example, is a Euro-denominated card that can be topped up with crypto, allowing users to make purchases wherever major credit cards are accepted. This feature connects digital and traditional finance, simplifying the use of crypto assets for everyday transactions.
For those looking to earn passive income, the BTSE Earn program offers various staking, saving, and lending products. This feature is particularly appealing to long-term hodlers, who prefer to let their assets grow over time without actively trading.
To sum up, BTSE's commitment to providing a comprehensive trading experience is evident in its robust security measures, diverse asset support, and innovative financial products. Plus, BTSE Cash can make its already competitive fees even better.
