BTSE Review

BTSE is a centralized multi-currency trading platform designed to bridge the gap between the fiat currency and digital assets markets. The business was established in August 2018, and its headquarters are in Dubai. Its goal is to integrate cutting-edge digital assets with the more conventional banking and financial systems. BTSE gives users access to a robust trading engine that can carry out over one million order requests per second, an all-in-one order book, stringent security standards, various payment ways, an insurance fund, cold storage for 99% of all assets, and no withdrawal limits. The platform is compatible with the following four languages: English, Chinese, Japanese, and Korean. The BTSE mobile application offers a comprehensive selection of services and may be downloaded for both Apple’s iOS and Google’s Android operating systems.

What is BTSE?

BTSE is a digital currency exchange constructed on the foundation of both stable and unchangeable money. The exchange aims to link modern-day financial business with the technology and advancements in the web 3 industry and make all this information easily accessible to the general public. To accomplish this goal, BTSE is working to improve its security and efficiency to better assist you in improving the quality of your buying, selling, and investing experiences.

BTSE was established in 2018, and its headquarters can be found in the British Virgin Islands. It provides users with a trading and investment experience that is straightforward yet powerful, allowing them to investigate the boundless prospects that have the potential to revolutionize the very idea of finance everywhere around the globe.

BTSE allows consumers to trade or buy cryptocurrencies with fiat currencies in a matter of seconds by providing a large range of cryptocurrencies to choose from. You will have the opportunity to invest your cryptocurrency holdings in programs that provide a low risk for you. You may easily sign up for the BTSE platform; you only need your email address. The platform was developed specifically for crypto enthusiasts from all around the world. However, because of rules and legislation, the network has limited access to users who live in some countries, like the United States of America and a few others.

Services

The user experience of the BTSE.com site is straightforward and uncomplicated. You can access the most important functions and marketplaces from the header menu, including futures, spot, and over-the-counter. Trading in futures and spot markets both uses the most advanced and cutting-edge instruments available, which is expected of all relevant trading platforms.

You can buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tether USD, TrueUSD, USD Coin, Monero, and BTSE Token in the Over-the-Counter (OTC) sector. The user is presented with all of the available trading alternatives as well as the current status of the market in the floating menu displayed on the site. In the center of the homepage, you will discover all pertinent information regarding purchasing and selling cryptocurrencies, various payment methods, and the All-In-One Order Book.

BTSE Earn

For those who do not like to allow their assets to sit idle, BTSE provides several opportunities for earning income and investing it. With the investment programs developed by BTSE, you have the potential to earn an annual percentage return (APR) of more than 50%, depending on the program that you select. This is way higher when compared to the Haru Invest platform.

At BTSE, investors have access to various investment opportunities, some of which come from fixed and flexible plans. Fixed plans provide a steady and predictable income, but your assets are locked away for a predetermined amount of time in exchange. When you have a flexible plan, there are no time constraints, and you may get your hands withdrawn whenever it is most convenient for you. You are also able to make a withdrawal of your profits whenever you desire with flexible plans. If you lend your assets to the capital pools run by BTSE, you have the potential to earn an annual interest rate of up to 7.5%. On the BTSE platform, you can lend any cryptocurrency. Meanwhile, it’s not so on a comparable platform. On a Lendingblock review, it reads that you can only lend with the native token, LND.  You may make money with stablecoins like USDT and USDC, which generate yields of up to 12.5% each year if you search for a risk-free investment option.

You can now put your assets to work for you and simultaneously grow your cryptocurrency portfolio without doing anything more than sitting back and watching them. If you invest in the appropriate tokens with the appropriate values, you have a good chance of making a significant profit at the end of the year.

Trading

The BTSE Exchange utilizes the maker and taker fee model. This model surpassed people’s expectations in comparison with the Gate.io review. The rolling trading volume window for one month defines the VIP level of an account on the BTSE, which is recalculated once daily. Customers can view their current VIP status when they check their account profiles. The amount of Bitcoin used in trading is taken into account. At the present exchange rate, the volume of trading in any other currency — digital or fiat — is translated into an equivalent volume in Bitcoin.

BTSE Exchange

BTSE Exchange is a cryptocurrency exchange based in the British Virgin Islands and officially registered there. Since September 2018, it has begun carrying out its operations.

This exchange is a derivatives exchange, meaning its primary concentration is on trading derivatives. One type of financial instrument is known as a derivative, and its price is determined by the value of another asset (normally stocks, bonds, commodities, etc.). In the realm of cryptocurrencies, derivatives correspondingly get their values from the prices of certain cryptocurrencies. You can engage in trading associated with the derivatives of the following cryptocurrencies here: BTC, ETH, LTC, USDT, TUSD, and USDC.

Futures exchange

With more than 20 futures contracts available, the Futures exchange offer is one of the largest in the sector of trading cryptocurrencies. Some cryptocurrencies and futures contracts available are BTC, ETH, LTC, XMR, USDT, and BBCX. In addition, futures contracts can have various expiration dates, and some even provide the option of a perpetual contract. Following the industry’s standard, specified futures can be traded with a leverage of up to 100x or an initial margin of just 1%. Whether they are time-based or permanent, contracts for the future can come with various restrictions.

Exchange on the spot

This function provides access to eleven markets, five of which are typical trading pairs and the remaining six of which are indexes. The BTSE exchange is still far behind its competitors and unquestionably has room for improvement. The introductory offer consists of pairs such as BTC/USD, USDT/USD, and ETH/USD. The index consists of BTC, ETH, LTC, and XMR in addition to the BTSE 5 and BNC-BTSE (BBCX) composite indices. The standard offer is also available. Spot trade trading limits size are:

BTC: min 0.002 – max 2000

USDT: min 10 – max 100,000

ETH: min 0.05 – max 5000

LTC: min 0.05 – max 5000

XMR: min 0.05 – max 1000

BTSE token: min 1 – max 25

Money Float

Despite having a daily spot exchange money volume greater than $10 million, the BTSE exchange is still a long way behind the top tier platforms, which achieve up to ten times more daily. The USD/BTC pair is responsible for most of the BTSE’s money float. The futures market is the BTSE exchange’s primary area of strength, with the BTC perpetual reaching easily more than $50 million per day and the ETH perpetual reaching over $2 million per day in trading volume, respectively. However, the BTSE exchange also offers futures contracts that are not very popular, such as XMRZ19 and XMRH20, and these contracts rarely see any trading activity.

Leveraged trading on the BTSE

On the BTSE Futures Exchange, the maximum leverage available for certain trading pairs can go up to 100x. This indicates that you only need a one percent margin to make orders one hundred times larger. Margin trading is inherently fraught with peril and should not be engaged in by anyone with less than five years of proven success in day trading. BTSE margin trade sets the Maintenance Margin requirement at 0.5% of the order price. When the Mark Price reaches the Liquidation Price, your margin will have fallen to the maintenance margin level, and your position will be liquidated.

The BTSE is unquestionably blowing up, and you can expect to find it on our list of the best cryptocurrency margin trading platforms very soon.

BTSE Rates

BTSE rates are as follows:

• Bitcoin. 2.4% – 2.75%
• Ethereum. 2.4% – 2.75%
• Stablecoin. 7% – 8.5%

BTSE Wallet

BTSE is the first crypto exchange to integrate wallets for MetaMask and Phantom, allowing customers to easily make deposits and withdrawals of Ethereum and Solana assets without having to go through any difficulty.

Cryptocurrencies

Trading in Bitcoin, Ethereum, Litecoin, and Monero is presently supported on the BTSE exchange, in addition to trading in stablecoins such as Tether, TrueUSD, and USD Coin. They accept deposits and withdrawals in nine different fiat currencies, including US Dollars, British Pounds, Euros, Japanese Yen, Singapore Dollars, Canadian Dollars, and Australian Dollars.

BTSE Token

Like Midas Investments, where Midas is the native token, BTSE is the platform’s native token and is used throughout the ecosystem. Within the context of the BTSE ecosystem, it was conceived to improve the user experience. It is a utility token that runs on Liquid, a settlement network for exchanges based on the Bitcoin sidechain. It makes transactions faster since liquid blocks are formed every minute, and it accelerates the movement of funds across member exchanges through its inter-exchange settlement. Liquid improves users’ privacy by concealing transaction quantities and asset kinds. The BTSE token supports the trading platform and services offered by BTSE. It can be spent, saved, earned, traded, and stored in addition to having those functions. The coin is available for trading on the exchange’s spot market, and investors may also use it as margin collateral for futures trades. Users can pay for platform services and advanced trading functionalities with BTSE tokens. In addition, holders of tokens are eligible for discounts on their trading expenses of up to sixty percent.

Participants in the BTSE Pro Traders program are eligible for additional benefits, including the ability to earn cryptocurrency while trading, an increase in the referral bonus of up to 40%, the opportunity to profit from participating in a variety of campaigns and contests, an increase in their limits, and the opportunity to take part in BTSE’s asset management. Also, users can earn interest while participating in crypto loan programs. BTSE wallet is suggested for use in the process of storing assets. The wrapped BTSE token was first made available on the BTSE on September 7, 2020. It is an ERC20 token that implements tokenization of the BTSE token on Ethereum through a custodian model. This token gives users the ability to take part in DeFi. Mining of the Wrapped token occurs concurrently with the safekeeping of an equivalent quantity of BTSE tokens at a ratio of 1:1. Following the withdrawal of BTSE token backing, the equal BTSE tokens that were wrapped are then burned. Fees and Deposit Methods for the BTSE

BTSE Fees

The BTSE exchange uses distinct methodologies to compute commissions for its spot and futures markets.

Although the BTSE exchange fees can be difficult to fathom at times, the company does not stray from the industry standard and maintains several fees that are appropriate on average. They imitate Binance by providing discounts of up to twenty percent for customers who make purchases with their BTSE coin.

Fees charged for spot trading

Your monthly trading volume will determine the fees you must pay on the BTSE exchange. They are also different for makers and takers, ranging from 0.01% for makers in the lowest trading volume category (less than 10 BTC per month) to 0.1% for takers. In the highest trading volume category (more than 10 BTC per month), they are 1%.

 Charges for futures trading

Futures are susceptible to fluctuations in price due to changes in trading volume, just like spot trading is. Makers are entitled to a fixed percentage rebate, whereas takers are subject to costs that decrease proportionally with the volume of transactions they conduct.

Deposit and Withdrawal Fees

On the BTSE market, there are no fees associated with deposits. There is a minimum deposit requirement of $100 for deposits made using fiat currencies, but there is no such requirement if you use any of the approved cryptocurrencies.

There is a modest fee associated with withdrawals, the amount of which is determined by the currency in which you choose to make the transaction. The fee for using fiat currencies is expressed as a percentage and is 0.15%, with a minimum payment requirement of 25 USD.

Mobile & App

BTSE has also developed mobile applications that users may install on their mobile phones, allowing them to trade no matter where they are or when they do it. You can trade without having to go through the trouble of accessing your desktop or laptop computer when you are on the move.

The BTSE mobile applications come equipped with all of the features and functionalities accessible on the desktop version of their platform. With their mobile apps, you not only can buy and sell crypto assets, but you also can trade professionally and access all of the crypto assets. Users can also start earning cryptocurrency interest on their assets by investing them in various programs from their mobile apps. Additionally, the BTSE mobile application can serve as your cryptocurrency wallet, allowing you always to access your investment portfolio.

The mobile applications developed by BTSE are compatible with Android and iOS smartphones. You can download the programs by searching for them in the app stores that are compatible with your phone, or you can download and install the applications by scanning the QR code on the BTSE website.

Is BTSE legit?

Both the BTSE platform and the staff supporting it appear to have a high degree of dependability. This platform stands out from many others due to its high dependability afforded by its previous business experience and reputation in the business world.

Despite this, the platform provides high-level security measures for its users. While the platform takes care of the other problems, you can configure Google Authenticator to include a two-factor authenticator (also known as 2FA) and your list of IP addresses to whitelist. They are one of the very few platforms with a hosting service, which eliminates the possibility of a data breach or leak caused by a third party. In addition, they have developed high levels of backend security, and 99.9% of the user funds are kept in cold storage, which is the degree of protection that cannot be breached.

After doing an extensive search over the internet and participating in various online chat groups, we have concluded that BTSE is a reliable exchange.

Contact & Support

BTSE is equipped with a knowledgeable and helpful customer service team that provides prompt responses and works very effectively. The primary means through which the exchange staff can communicate directly with customers is through the use of an internal ticketing system. Additionally, the exchange maintains a robust participation level inside the Telegram community. Regarding the BTSE ticketing system, users can get a great deal of helpful information and assistance by contacting their telegram support.

Consumers can send their questions to BTSE on Facebook, Reddit, and Twitter, all examples of social media platforms. These platforms also provide users with information regarding product updates and company news. Additionally, the Chief Executive Officer of the organization makes an effort to be reachable via his Twitter account. In addition, if you have any questions or concerns, you can send their team an email or give them a call. It is noteworthy that their response time is less than twenty-four hours, as this information has been recorded.

BTSE provides its users with a support desk that is both thorough and instructional, and it assists its users in resolving any issues that they may encounter. A chatbot is available at their customer service desk to assist consumers in navigating the website and locating the answers to any inquiries they may have. Their support provides in-depth information on the website and the functionality it offers. In addition, it provides consumers with short instructional manuals that they can follow.

In addition, the platform has developed a separate platform known as the BTSE Academy. This platform has a variety of content that is associated with the cryptocurrency sector. There are blogs and articles on there that have been produced specifically for crypto traders to assist them in developing their trading skills and staying up to date on the most recent news about the market.

Technical analysis of cryptocurrency trading is provided on the BTSE blog by BTSE traders with experience in the market. This is done to assist less experienced rookie traders interested in gaining knowledge regarding the technical aspects of the cryptocurrency sector. This technical analysis is performed regularly and is a foundation for those just beginning their studies.

Conclusion

BTSE is a relatively new cryptocurrency player; nonetheless, it has accomplished much more than a lot during the past two years. While there is always room for development, the BTSE is now a respectable and reliable platform that will almost certainly continue to advance in quality as more time passes. And who knows, maybe they may accomplish their primary objective of unseating Binance as the leading cryptocurrency platform earlier than was originally anticipated.