BTSE cryptocurrency exchange was established in 2018. It has an innovative way of trading because it's like a hybrid between a classic cryptocurrency exchange that offers spot and futures markets and a viable fiat-to-crypto conversion platform. Besides, it offers various other features like OTC trading, trading bots, an all-in-one order book, a user insurance fund, and so on.
The platform is open to residents of over 100 countries. However, it is wise to check your country’s stand on cryptocurrency trading regulations before using the platform. BTSE crypto exchange makes use of advanced KYC verification technologies to verify its users. This is to ensure that the platform complies with Anti-Money Laundering and Counter-Terrorism Financing regulations. It also prevents bad actors from gaining access to the platform.
There are over 80 BTSE trading pairs available on the platform. The main market for trading on the exchange is the USD market. Overall, the BTSE crypto exchange supports trading with such assets as BTC, ETH, and LTC, as well as stablecoins like USDT and USDC. Besides, the platform allows deposits and withdrawals in nine different fiat currencies – USD, GBP, HKD, EUR, JPY, SGD, CAD, AED, and AUD. Also, apart from BTSE spot trading, the exchange also offers futures, margin, OTC, and derivatives trading options.
As of January 2023, the BTSE spot offers 11 markets, 5 of them are standard trading pairs, and the remaining 6 are indexes. Leveraged trading on BTSE crypto exchange can go up to 100x on some trading pairs. This means that you need a margin of only 1% in order to make 100x larger orders.
BTSE exchange fees depend on the monthly BTSE trade volume of users. Besides, the platform has different fees for makers and takers that range from 0.01% for makers to 0.1% for takers.
There are no BTSE crypto fees charged on deposits to the platform. However, the minimum deposit for fiat currencies must be $100, while there is no minimum deposit for cryptocurrencies. Additionally, withdrawal fees depend on the currency you choose to make a withdrawal in. Fiat currencies are charged on a percentage basis of 0.15%. Besides, BTSE also allows users to pre-register on their new debit cards, developed in cooperation with MasterCard, which should simplify the deposit and withdrawal process even more.
The BTSE token is the platform’s native cryptocurrency. It is based on the Bitcoin sidechain named Liquid. It offers all kinds of incentives to its holders within the BTSE ecosystem. Some of these benefits include discounts on trading fees, rebates, and more.
Apart from the described trading processes, the BTSE crypto exchange provides users with such services as trading bots, P2P trading, earning possibilities, and a user insurance fund.
Furthermore, the BTSE cryptocurrency exchange offers a direct conversion tool between USDC, TUSD, and USD, charging just 0.3% to convert these stablecoins to fiat.
Besides, the platform has a referral program. It allows users to earn commission not only by introducing their friends to BTSE but also through their friends’ friends. There is no limit to referral levels. Overall, users can earn 20% of their friends’ trading fees and 10% of their friends’ referral earnings. Every user referred to the platform starts with a 30-day discount on their trading fees, including their trades on BTSE's spot and futures markets.
About the Company
BTSE crypto exchange is owned by BTSE VFA exchange platform, a company with headquarters in the British Virgin Islands.
Most of the company’s business is run by four main figures: Jonathan Leong (co-founder and CEO), Brian Wong (co-founder and CPO), Yew Chong Quack (CTO), and Joshua Soh (COO). The team has extensive experience in blockchain technology, cryptocurrency systems and development, innovative IT solutions, and financial trading.
In January 2023, the BTSE volume ranged around $423 million.