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BTC Markets
RankBTC Markets
Name
Volume (24h)
Visits
Avg.Liquidity
No.Markets
Launched
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BTC Markets
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BTC Markets is a cryptocurrency exchange founded in September 2013 in Melbourne, Australia. BTC Markets was founded by Martin Bajalan, a Bitcoin enthusiast. Bajalan was also among the nine founding members of the Australian branch of the Bitcoin Foundation. 

The exchange is still privately owned and calls itself a "Blockchain technology company", backed by a team of managers with extensive experience in both information technology and financial services. The IT know-how in the BTC Markets team comes from employees with experience in software development, payment processing in cybersecurity, and Blockchain technology integration.

The BTC Markets cryptocurrency trading platform itself was developed by third-party specialists in traditional financial market trading systems. The team behind the platform has considerable experience in the field of solutions for large-scale automated stock trading, and has adapted it to the specifics of cryptocurrency trading.

Trading Characteristics

The easy-to-use and efficient BTC Markets trading platform supports trading in 6 higher-cap cryptocurrencies: Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, and Ethereum Classic. 

AUD (Australian Dollars) is currently the only fiat currency supported by the BTC Markets exchange, and trading is available in both AUD for cryptocurrency pairs and cryptocurrency for cryptocurrency pairs.

Margin trading is not available.

BTC Markets Fees 

BTC Markets can be considered one of the exchanges with the lowest fees on the market at the moment. The cryptocurrency exchange fee is only 0.22%, and the transaction fee using the Australian dollar to cryptocurrency starts at 0.85% for transactions up to $ 500. 

The fee for trading cryptocurrency with the Australian dollar is reduced to 0.1% for transactions worth 5 million Australian dollars and above, and, for example, when buying supported cryptocurrencies from 9000,01 to 18000 dollars, 0.7% is charged.

There is no fee for deposits in fiat currency or cryptocurrency, and withdrawals to an Australian bank account are also free of charge. Withdrawals in cryptocurrency are paid as follows:

  • Bitcoin - 0,0005 BTC, 
  • Litecoin - 0,001 LTC, 
  • Ethereum - 0,001 ETH, 
  • Ethereum Classic - 0,001 ETC, 
  • Ripple - 0,15 XRP, 
  • BCH - 0,001 BCH.

В контексте более широкого ландшафта криптовалютных бирж, где разумные торговые комиссии часто маскируют высокие комиссии, взимаемые с депозитов и снятия средств, структуру комиссий BTC Markets можно считать основным конкурентным преимуществом.

Безопасность 

BTC Markets обеспечивает безопасность средств владельцев счетов, используя систему холодных и горячих кошельков с зашифрованными холодными кошельками, которые хранятся за пределами площадки, и распределяются между несколькими безопасными местами. Также применяются передовые меры кибербезопасности для защиты биржи от хакерских атак.

Биржа имеет полный резерв, совпадающий с активами счетов, и дважды в день проводится сверка криптовалюты и почасовая выверка австралийских долларов, чтобы гарантировать, что средства холодного кошелька и банковского счета соответствуют счетам клиентов. Владельцам счетов дополнительно рекомендуется выводить неактивные средства в криптовалюте и фиатной валюте на свои личные кошельки или банковские счета.

Account holders are encouraged to use two-factor authentication (2FA) for added security.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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