BTC Markets

BTC Markets

BTC Markets
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $4,764,241

BTC Markets is a reasonably-sized marketplace based in Melbourne, Australia that supports multiple cryptocurrencies and Australian Dollars (AUD). They aim to support the paradigm shift in the financial industry towards digital assets. They have seen constant growth over the last few years. Their trading fees are a little higher but their deposit and withdrawal fees are very low.

BTC Markets is relatively easy to understand for all kinds of users, including beginners in the crypto world. The website provides useful information about trading and the team offers good support online. It's not the best solution for storing coins long-term, as the company themselves recommend a third-party wallet for that purpose. The design is user-friendly and professional.

Traditional Currency Support

  • Australian Dollar (AUD)

Language Support

  • English

Country Support

  • Australia

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows light and dark theme

Advanced
Options:

  • Limit Order
  • Market Order

Discounts For
The Big Traders:

  • Volume based discounts

BTC Markets security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
At least 80% of user funds are stored in cold storage

Legal Registration or Compliance:

  • KYC/AML Compliant

BTC Markets was founded in Melbourne, Australia, and it is one of the leading crypto exchanges in the country. The founder's name is Martin Bajalan. They have had some disagreements with the government regarding regulation of cryptocurrencies, but are currently in agreement over the proposed laws that will soon be applied to the digital currency market in Australia.

Summary:

BTC Markets is one of the most popular exchanges in Australia and it is only available for Australian users. It has good functionality and new coins have been added to the exchange since it was first released. There have not been any important security issues. Users are attracted to the exchange's relatively low deposit withdrawal fees.

Ease of use
Intuitive
Transaction Fees
Between 0.20-0.30% depending on volume
Deposit/Withdrawal Fee
0.0005-1 crypto unit/withdrawal, depending on cryptocurrency
Deposit/Withdrawal Fee c For Bank Transfer
It's free (fees may be hidden)
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
3.30AUD/Deposit
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account

Functionality:

BTC Markets offers users the typical functions of a crypto trading platform, and is known for its low deposit and withdrawal fees for cryptocurrencies. There is a fixed fee for depositing AUD, which can be deposited on the platform using the POLi payment service, which works with various Australian banks.

Most common
customer complaint:

slow transaction processing