BTC Markets Review 2020
BTC Markets is an Australian marketplace where traders buy and sell blockchain assets, such as Bitcoin, Litecoin, Ethereum, and XRP, at a market-determined price influenced by the demand and supply from buyers and sellers on the Exchange. They utilize a purpose-built trading system that provides flexible trading solutions, high volume transaction processing, and automated trading.
BTC Markets Review 2020, Pros & Cons
- An intuitive trading platform
- A selection of educational resources
- A range of trading tools
- Not regulated
- No MetaTrader platforms
- Crypto trading only
- Australian clients only
- No live chat support
In this detailed BTC Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BTC Markets is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including BTC Markets.
BTC Markets Review: Summary
Headquartered in Melbourne, Australia, BTC Markets is a blockchain technology company that offers an online trading platform for professional investors, businesses, and anyone interested in buying or selling Bitcoins across Australia. It uses a cold wallet and hot wallet system to help secure and manage clients’ cryptocurrency reserves. The Exchange also provides traders with a range of useful trading tools and educational materials.
BTC Markets Review: Regulation
BTC Markets is not regulated by any known financial regulatory authority at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
BTC Markets Review: Countries
BTC Markets offers its services to residents of Australia only. Clients from other countries and jurisdictions are not allowed to open a trading account with the exchange.
Some BTC Markets features and products mentioned within this BTC Markets review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
BTC Markets Review: Trading Platforms
The BTC Markets trading platform has security measures in place and competitive fees that allows traders to trade the designated cryptocurrencies. It is an electronic marketplace for trading crypto assets with other users of the platform. However, the platform is only limited to residents of Australia only.
BTC Markets Review: Trading Tools
Traders get access to some useful trading tools that are essential for a seamless trading experience, including the Trading API, and the OTC-desk.
BTC Markets Review: Education
The Exchange provides traders with a good selection of educational materials, such as News, Articles, and a decent FAQ section.
BTC Markets Review: Trading Instruments
BTC Markets gives traders access to trade over 23 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Stellar, and others.
BTC Markets Review: Trading Accounts & Fees
The Exchange allows only Australian clients to open a real live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this BTC Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a BTC Markets broker account for online trading.
BTC Markets Review: Customer Service
The Exchange offers a friendly, professional, and knowledgeable Australian-based customer support team that can be reached via an online request form, social media, or by visiting the team’s office in Melbourne.
BTC Markets Review: Deposit & Withdrawal
Once your BTC Markets account is fully verified, you will need to fund your account with Australian Dollars (AUD). The Exchange accepts two methods to fund your trading account, and they are Osko and BPAY. These are Australian-based payment gateways, and they are instant and free. On the other hand, withdrawals from the BTC Markets account are made directly to Australian bank accounts.
BTC Markets Review: Account Opening
To open a trading account, click on the ‘Sign Up’ button and ensure you properly fill the form, providing the necessary details. Wait for approval via an email notification.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
BTC Markets Review: Conclusion
In brief, BTC Markets is an Australian marketplace that gives traders access to buy and sell blockchain assets via their secure and reliable trading platform. The Exchange also provides traders with a range of useful trading tools and educational materials, but they are not regulated at the moment. You may wish to view our best crypto brokers for regulated alternatives.
Holding and trading tokens carries a high level of risk and may not be suitable for all investors. Before deciding to hold or trade Tokens you should carefully consider your objectives, financial situation, needs, and investment experience. The value of tokens may rise or fall and will be affected by matters outside of the company’s control. By trading or holding Tokens, you could lose all your invested funds.