BTSE Review
Safe. Reliable. Global.
Overview
BTSE is a cryptocurrency exchanger registered in the British Virgin Islands. It was launched in September 2018 and has been active since then.This is a so-called derivatives exchange, which means you can trade derivatives on this platform. A derivative, in short, is an instrument priced based on the value of another asset (normally stocks, bonds or commodities). In the cryptocurrency world derivatives accordingly derive their values from the prices of specific cryptocurrencies. You can engage in trading connected to the following cryptos here: BTC, ETH and LTC
What Is BTSE?
The headquarters of BTSE Holdings Limited, the company that owns the BTSE VFA exchange platform, is located in The British Virgin Islands. Terms and conditions for using the company’s platforms are governed by the laws of The British Virgin Islands. Any eventual dispute is also regulated by Singapore International Arbitration Centre.
Companies former headquarters were in Dubai, but due to UAE’s unclear cryptocurrency laws and regulations, they had to find a country with clearer rules. It was decided that BVI would be their new home as it has an on-the-spot regulatory environment for cryptocurrencies – this made them a perfect choice! Many competitors followed suit; however, not everyone agreed with this decision.
What Does BTSE Offer?
The homepage of BTSE.com is simple to use with a nice interface. All the main functions and markets can be accessed through the header menu, Futures trading has all the latest state-of-the-art tools implemented which are standard for relevant trading platforms.
In the OTC section, you can buy and sell Bitcoin, Ethereum, Litecoin, Tether USD (USDT), TrueUSD (TUSD), USD Coin (USDC), Monero and BTSE Token. The homepage has a floating menu that shows all of your available trading options as well as market information. You’ll be able to find relevant information about buying or selling cryptocurrencies in the middle of this page – including payment methods.
The bottom of the blog page is reserved for news and announcements from their official blog, which is updated regularly.
Is BTSE Safe And Reliable To Use?
The BTSE platform is quite reliable and with the team behind it, this platform has a high level of trustworthiness to many others. With previous business experience and a good reputation, this company will be your go-to for any service you’ll need to get done.
Though they provide high-level security precautions, the platform also offers other options. You can set up a Google Authenticator with two-factor authentication and your own list of whitelisted IP addresses while the platform takes care of everything else. They are one of few platforms that have their own hosting to remove possibilities for third party data leaks or breaches? Apart from this, they implemented high levels of backend security and keep 99% of user funds in cold storage which is an unbreakable level of protection.
Features of BTSE
- BTSE crypto exchange offers two types of trading: futures and spot. Both are completely different, but here’s something cool about Futures 2.0 – you can customize your trade! It’s one of the features that make this particular type of contract stand out for traders who want more customization options than what a generic ETF provides.
- The newly updated Futures 3.0 on BTSE allows traders to post margins with several currencies and coins simultaneously, which is not the same as traditional cryptocurrency derivatives exchanges do.
- The BTSE exchange supports many different combinations of cryptocurrency and traditional fiat- the users can choose any combination in order to reconcile their transactions. It offers leverage up to 100x on futures, with an initial deposit bonus on deposits up to $1000. Also, there’s a $10 retweet bonus as well!
- The linear contracts in this exchange eliminate difficult calculations by different contracts, which would otherwise make it hard for traders to predict exit points.
- Profits and losses are always associated with changes in the market price of contracts. This simplifies the hedging method, eliminating risks related to futures that do not behave linearly.
- There are many ways to personalize or customize your trade-in BTSE Exchange. The company’s vision is to narrow the gap between cryptocurrencies and the 100-trillion-dollar global futures market.
Linear futures
The platform’s linear futures use simple and straightforward calculations that allow you to have more control over all assets and contracts. With the price changes in the contract, you will be aware of your profit or loss. The hedging process becomes simpler, as there is no risk exposure associated with non-linear futures.
Multiple Asset Trading
There are two ways by which traders can make marginal trades and settle their contracts. The first one is they can do it in fiat while the second is that they settle it in cryptocurrency. This ensures liquidity remains high, and this allows convertibility amongst assets through settlement channels.
Collateral Posting
BTSE allows traders to maximize their assets with the multi-asset collateralization feature. They can post any combination of currency and coins from both fiat and digital currencies in all markets. BTSE supports USD, JPY, SGD, EUR, CAD, HKD CNY GBP as well as BTC LTC ETH USDC TUSD
Margin Control
BTSE provides margin control, which allows traders to take advantage of market volatility without the risk of cryptocurrency fluctuations. The platform also offers a multi-asset wallet that is an excellent way for users to manage their assets quickly and easily.
High Leverage
BTSE is able to provide up to 100x leverage across markets, which lets traders earn higher profits.
Multi-Currency Spot Trading
This platform uses a single order book, which means it shares the liquidity pool with all its users regardless of what currency they’re trading. It increases participation across markets and ensures there’s better liquidity, lower fees, and more efficient trades.
Swift Transfers
BTSE has strong partnerships with several banks across the world to ensure the stability of its settlement services. The process of depositing and withdrawing is easy, with minimal fees and a simple verification process.
Global P2P Market
The BTSE platform provides users with a global marketplace where buyers and sellers can engage in direct transactions. The company is not affiliated with the purchase or sale of goods itself, but rather connects other users to closer sellers who are willing to make deals. Users can also apply themselves as merchants and post offers through the market
Stablecoins
The platform offers quick conversions between fiat and crypto assets through their spot exchange.
On Platform Transfers
The BTSE allows users to pay for services with other users instantly by using their BTSE username and registered email address.
Referral Program
BTSE Token
A BTSE token is a cryptocurrency of the platform. It’s based on Bitcoin, and it offers all kinds of incentives to its holders within the BTSE ecosystem. Right now it isn’t as popular in terms of price or trading volume when compared to other cryptocurrencies like Binance Coin.
So far, it has not achieved anything significant. One million tokens have been issued on March 5th 2020, at an initial price of $2 per token. At this moment 4.2 million tokens are circulating on the platform with a current market price of $1.11 per token.
The company plans to use revenue streams accrued from platform fees and its OTC desk, as well as a foray into crypto mining planned for early next year, to buy back the tokens until 2021.
BTSE says they will be burning one hundred million BTSE tokens from their total supply, leaving a hundred million unreserved. This is set to happen three months after the token has been released on the market.
BTSE said that the concept is copied from Binance and aims to reduce the scarcity of this token, encouraging users to hold it.
BTSE Fees
The platform was created with a maker and taker fee model. Users are assigned an account VIP level, which is based on the volume of trading in BTC for one month. It is calculated once per day and displayed on the user’s profile page. All trades made by that user are also converted to bitcoin equivalents at their prevailing rate before it’s counted towards their total trade volume for the month.
The maker fee for accounts trading less than 100BTC per month is 0.05%. For those with higher trade volumes, the fees are reduced by 80% on maker fees and 70% on taker fees. Thus, VIP VII account holders pay only 0.01%, which is much lower than that of other traders who have an upper limit of 100BTC per month to transact in cryptocurrency trades (0.1%)
BTSE does not charge a deposit fee, and there is no limit on the minimum amount you can withdraw if trading Bitcoin. The withdrawal fee will be 0.0005BTC per transaction in this case.
There is also the Funding Fee in place. This mechanism facilitates market fairness and ensures that the perpetual futures price maintains an equivalent value when compared to the index’s current price. If there is a difference between both prices, BTSE’s system will charge a fee to traders who have made a profit because of this deviation at every 8-hour interval. The funding fee will then be credited to those who have lost money due to this discrepancy at each interval as well.
Coin/Token | Network/Channel | Min Withdraw | Withdraw Fee | Deposit Fee |
| BNB | Binance Coin | 0.008 | 0.0005 | Free |
| BNT | Bancor Network Token | 12.235 | 4.235 | Free |
| BTC | Bitcoin | 0.001 | 0.005 | Free |
| Liquid | 0.001 | 0.000015 | Free | |
| BTSE | Liquid | 10 | 0.5 | Free |
| ERC 20 | 10.528 | 0.528 | Free | |
| BEP 20 | 1 | 0.1 | Free | |
| BUSD | BEP 20 | 10 | 0.5 | Free |
| ERC 20 | 50 | 25 | Free | |
| ETH | TRC 20 | 0.02 | 0.01 | Free |
| Ethereum | 0.041155 | 0.001155 | Free |
Safety & Security
One of the major reasons why BTSE has achieved unprecedented growth is due to its high-quality security practices. Despite only launching two years ago, the platform has been praised for bringing institutional-grade safety to cryptocurrency traders.
The company is not only legally licenced, but it has also recently applied for a VFAA bitcoin exchange licence in Malta. Because the platform is well-regulated, it can be held liable for any money misappropriation. Unlike other prominent exchanges, this is what makes it a trustworthy platform for investors.
The BTSE team has extensive experience and knowledge from companies such as IBM, Goldman Sachs, and SingTel. They are well-equipped to maintain the company’s and system’s highest security standards. In the crypto market, the company has a solid reputation.
Pros
- 6 celebrated assets.
- good level of security
- high-speed deposit and withdrawal process
- Platform users can utilize the services of verified merchants.
Cons
- unresponsive support options
- complicated fee structure
BTSC Review- Final Thought
BTSE is a beginner-friendly exchange because of its simple interface and quick technical analysis. The introduction of the BTSE academy has been very popular, as it offers an educational platform for cryptocurrency traders that are looking to learn new things. For experienced traders, BTSE also provides a fast trading experience with high security due to their servers never going down or getting hacked; this is rare in the industry currently.
