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BTCMarkets Exchange Review

6.3

CURRENCY VERITY

7.0/10

CUSTOMER FEEDBACK

5.0/10

CUSTOMER SUPPORT

6.0/10

Design

7.0/10

Pros

  • Reliable Platform with an Advanced Toolkit
  • Free AUD withdrawal and deposits
  • 98% of assets in encrypted cold storage

Cons

  • New Exchange
  • No Live Chat

About BTCMarkets

BTCMarkets Since the founding in 2013, BTC Markets has grown into the largest, most liquid cryptocurrency exchange in Australia. They started when Bitcoin was $110. We’ve witnessed five forks and two halvings. Outlasted all the pumps and dumps, the naysayers and FUD. Over 300,000 Australians have traded $14.1 billion on the platform via the Australian-made cutting edge technology. BTC Markets are the Australian partner for the Ripple On-Demand Liquidity program. BTC Markets technology provides remitters access to Ripple’s On-Demand Liquidity (ODL) payments solution. Cross-border payments are now completed in seconds. The market-leading technology is a first for Australia.

BTCMarkets the world-leading Standards Body, conducted a rigorous audit into the information security management systems and policies of BTC Markets, pursuant to its handling of financial, customer, and other confidential data.   The ISO 27001 certificate is highly sought-after by banks and other institutions within the financial services sector. It signifies that the entity in question has a robust information security management system that meets the highest of industry standards at a global level.  BTC Markets was awarded the ISO 27001 certificate on the basis of its excellent risk management, operational flexibility and adaptability, data protection, customer and stakeholder trust, and legal compliance in one of the world’s fastest, most rapidly evolving industries. 

Over 300,000 Australians choose Australia’s most trusted cryptocurrency exchange to trade over $14.1 billion. As a result, Information Security Management Systems is a crucial focus of the company. The awarding of the ISO 27001 certification is testament to its ongoing commitment and investment in cybersecurity protocols. 

ExchangeDetails
Exchange NameBTCMarkets
Exchange TypeCryptocurrency
LanguageEnglish
Withdraw Fee 0.30 EUR
AddressMelbourne
Support24/7
Taker Fee0.20%
Maker Fee0.05%
WebsiteHomepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Trading Fees BTC Market Pairs

The BTC Market Pairs currently available are: LTC-BTC, ETH-BTC, XRP-BTC. Trading fees are based on a rolling 30-day total of AUD trading volume, across all AUD trades. Trading volume is calculated every hour. The relevant trading fee is applied when an order is created. The trading fee across crypto-only pairs (LTC-BTC, ETH-BTC, XRP-BTC) is a flat-rate maker -0.05% & taker 0.2%. These trades do not count towards AUD trading volume.

Maker FeeTaker Fee
-0.05%0.2%

Deposit Fees

Deposits of more than AUD 500,000 equivalent in non-Australian currency are accepted. These are subject to foreign exchange conversion fees, which are incorporated in the blockchain-fiat conversion cost. In the case of large instructions, the may quote an off-order book price. This is determined by the price the receive from liquidity providers plus the own markup.

Bitcoin (BTC)Free
Litecoin (LTC)Free
Ethereum (ETH)Free
Ethereum Classic (ETC)Free
XRP (XRP)Free
Power Ledger (POWR)Free
OmiseGO (OMG)Free

Withdrawal Fees Fees may vary with network congestion

Australian bank transferN/A
Bitcoin (BTC)0.0003 BTC
Litecoin (LTC)0.001 LTC
Ethereum (ETH)0.005 ETH
Ethereum Classic (ETC)0.001 ETC
XRP (XRP)0.01 XRP
Power Ledger (POWR)54 POWR

2FA

BTCMarkets Two factor authentication (2FA) is an extra layer of security. After submitting your account password, you request a code via the Google Authentication app on your phone. You enter the code on the platform to then access your account. The two-factor code is very time sensitive. Even if it is out by a few seconds it may prevent you from accessing your account.

Security

The security and privacy of client data is the top priority. They run regular reconciliations of funds – twice a day for crypto and hourly for AUD – to ensure they have a full reserve. also apply best practices, with continuous development and enhancement of our security measures.

Features :

Straightforward Tools and Processes

Buy and sell cryptocurrencies with AUD or BTC. Choose from a range of different order types to suit your strategy.

  • Recurring transactions
  • Competitive fees
  • Multi-coin wallet

Reliable Platform with an Advanced Toolkit

BTCMarkets Trade easily using our reliable order execution. Constant uptime backed by deep pools of liquidity. Custom execute your strategy with advanced order types, live order book and trade data.

  • Advanced order types including stop-limit, take profit and time-in-force
  • World-class charting and technical analysis with Trading View
  • 21 tradable asset pairs over AUD and BTC

Simple and Versatile Funding Options

Deposit funds seamlessly using the method that best suits your needs or preferences.

  • Free AUD withdrawal and deposits
  • Same-day deposits via PayID and BPAY
  • Instant funding through Osko

Encrypted Personal Data and asset Protection

BTCMarkets implement industry-recognised best security standards, including personal data encryption, internal control limits, and off-site cold wallet storage.

  • 98% of assets in encrypted cold storage
  • Two-factor authentication and rate limits
  • SSL encryption for your protection

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