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BTC Markets Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
BTC Markets logo
4.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit BTC Markets

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

BTC Markets stands out as an innovative exchange, with an impressive array of features and services tailored specifically for users. By providing users with digital assets at competitive fees structures with commitments to security, BTC Markets serves as an engaging platform to explore crypto markets.

No matter whether you’re new to cryptocurrency or have experience trading it already, this exchange provides a powerful option for cryptocurrency enthusiasts and professionals alike.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

AUSTRAC Registered This exchange is registered with AUSTRAC. Digital currency exchange providers in Australia are required to be registered with AUSTRAC. This ensures they must comply with relevant AML and CTF laws or risk facing heavy penalties. You can read more about this on AUSTRAC's website. This registration should not be viewed as an official endorsement or guarantee of services.

Pros

  • Provides a secure trading platform
  • Supports AUD fiat currency
  • User-friendly interface
  • Low trading fees on larger transactions

Cons

  • Limited selection of altcoins
  • No margin trading available
  • Withdrawal fees apply
  • Verification process can be slow
  • Primarily caters to Australian users

Quick Summary

Headquarters Location Richmond, Victoria, Australia
Fiat Currencies Supported AUD
Total Supported Cryptocurrencies 32+
Trading Fees -0.05% - 0.20%
Deposit Methods Bank Transfer, Cryptocurrency, Osko
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our detailed examination of BTC Markets, a cryptocurrency exchange designed to meet the needs of both novice traders and more seasoned ones. In this comprehensive analysis of this platform we will highlight all its various aspects and offer you a thorough insight into its services to help determine if BTC Markets fits with your digital currency trading requirements.

BTC Markets homepage

BTC Markets has earned its place as an indispensable digital currency platform, offering services tailored to both novices and veteran traders. As the cryptocurrency landscape has continued to develop, this exchange has kept up by adapting to changing demands while taking advantage of technological advancements.

Simplifying the trading process has made Coinbase especially appealing to users looking for speed and security when engaging with digital currencies.

About BTC Markets

BTC Markets was established to act as an intermediary in financial markets, particularly within the booming digital assets sector. Users have access to interact with an array of cryptocurrencies including leading ones such as Bitcoin and Bitcoin Cash.

The exchange was designed with efficiency in mind, offering reliable transactions throughout the crypto ecosystem and acting as an ideal destination for purchasing or exchanging digital currencies.

BTC Markets features

BTC Markets’ evolution has been marked by numerous historical shifts in the financial world, most notably with regards to acceptance of cryptocurrencies as legitimate financial assets. Trends such as an increase in digital currency use and incorporation of blockchain technology across numerous sectors has had an important bearing on its development.

Reflecting upon industry developments since its establishment, BTC Markets has shown its responsiveness in adapting quickly to changes in investor behaviour and regulatory environments – keeping its platform aligned with market dynamics.

BTC Markets has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Telegram and YouTube.

BTC Markets has a mobile app on both the Apple App Store and Google Play.

BTC Markets Supported Cryptocurrencies

BTC Markets supports trading on over 32 cryptocurrencies on their platform. This exchange currently supports 15 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Toncoin (TON)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • TRON (TRX)
  • Polygon (MATIC)
  • Internet Computer (ICP)
  • NEAR Protocol (NEAR)
  • Uniswap (UNI)
  • Aptos (APT)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Stacks (STX)
  • Cosmos (ATOM)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Arbitrum (ARB)
  • Immutable (IMX)

View all cryptocurrencies BTC Markets supports

  • AAVE
  • ADA
  • ALGO
  • AUDF
  • AVAX
  • AXS
  • BAT
  • BCH
  • BSV
  • BTC
  • COMP
  • DOT
  • ENJ
  • ETC
  • ETH
  • FLR
  • GNT
  • IMX
  • LINK
  • LTC
  • MANA
  • MCAU
  • OMG
  • POWR
  • SAND
  • SOL
  • SUI
  • UNI
  • USDC
  • USDT
  • XLM
  • XRP

Trading Experience

BTC Markets’ trading experience places ease and functionality at its center, catering to traders of all experience levels with features that provide insightful analysis into market structure and asset class behaviors.

The user-friendly interface ensures users can confidently navigate markets and complete transactions quickly and efficiently.

BTC Markets’ trading experience is designed to be both immersive and informative, providing traders with real-time market data analysis to make informed decisions based on real-time market analysis and real-time trends identification tools that enhance traders’ abilities to recognize trends quickly and assess market sentiment accurately.

These resources, combined with an advanced trading engine, allow users to take swift action when opportunities present themselves in the market.

BTC Markets exchange marketing

BTC Markets Fees

Understanding the costs associated with trading is vitally important. BTC Markets implements a fee structure that adheres to industry standards, taking into account factors like trade volume and market activity.

Although precise numbers aren’t disclosed here, it is vital for users to explore the details of the fee model so as to gain an understanding of how fees might impact their returns.

Staying competitive in the cryptocurrency exchange arena requires adopting an adaptable fee model that’s clear and transparent, such as BTC Markets’. Our fee model accounts for factors like liquidity and user transaction patterns to maintain its edge in an ever-evolving crypto markets environment.

Fees that reflect market demands allow this platform to ensure users can access cost-effective trading options that accurately reflect today’s cryptocurrency ecosystem.

Type Fee
Deposit Fee (Bank Transfer - Osko) 0%
Trading Fee -0.05% - 0.20%
Withdrawal Fee (Bank Transfer) 0%

BTC Markets supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0003 BTC. The average across all other exchanges that we've reviewed is 0.000463 BTC. This means BTC Markets charges below the industry average by 35.22%.

BTC Markets has a maker/taker fee schedule which you can see below.

BTC Market Pairs

Maker Fee Taker Fee
-0.05% 0.2%

 

AUD/USDT Market Pairs

Trading Fee % 30 Day Volume
0.85% $0.01 – $500.00
0.83% $500.01 – $1000.00
0.80% $1000.01 – $3000.00
0.75% $3000.01 – $9000.00
0.70% $9000.01 – $18000.00
0.65% $18000.01 – $40000.00
0.60% $40000.01 – $60000.00
0.55% $60000.01 – $70000.00
0.50% $70000.01 – $80000.00
0.45% $80000.01 – $90000.00
0.40% $90000.01 – $115000.00
0.35% $115000.01 – $125000.00
0.30% $125000.01 – $200000.00
0.25% $200000.01 – $400000.00
0.23% $400000.01 – $650000.00
0.20% $650000.01 – $850000.00
0.18% $850000.01 – $1000000.00
0.15% $1000000.01 – $3000000.00
0.13% $3000000.01 – $5000000.00
0.10% > $5000000

Security - Is BTC Markets Safe?

BTC Markets takes regulation and security very seriously, with a rigorous security model designed to safeguard users’ assets. Our exchange works hard to protect our clientele against undesirable events while upholding trust among their community of users.

Cryptocurrency trading environments must provide safe trading environments to protect both sides, given their fluctuating returns.

BTC Markets’ security protocols stand as testament to their dedication in safeguarding user assets in an age when digital threats can threaten anything and everything. By employing cutting-edge security measures and adhering to regulatory standards, this platform ensures its users of a safe trading experience.

The exchange’s multi-tier security infrastructure serves as a safeguard against potential cyber threats, providing user transactions and personal data a sense of protection.

BTC Markets Customer Support

BTC Markets places great emphasis on customer support, offering various means for users to receive assistance when needed. Their support team can manage inquiries ranging from wallet transfers and transaction costs inquiries all the way through to help desk inquiries ensuring users always have someone reliable to contact.

BTC Markets recognizes the value of providing exceptional customer support as essential to user retention and satisfaction. As such, they have put in place an accessible and responsive support network, giving their users all of the guidance necessary for cryptocurrency trading.

This support extends beyond simply problem-solving; it includes educational materials that enable users to expand their trading acumen.

BTC Markets support

BTC Markets Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on BTC Markets

  1. Create Account - Visit the BTC Markets website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Osko
  • PayID
  • Paypal
  • Apple Pay
  • Google Pay

BTC Markets Alternatives

Swyftx logo

Swyftx

4.73
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
350+

Trading Fees
0.35% - 0.60%

Fiat Currencies Supported
USD, AUD, NZD

Visit Swyftx
CoinSpot logo

CoinSpot

4.40
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
441+

Trading Fees
0.10% - 1%

Fiat Currencies Supported
AUD

Visit CoinSpot
Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
386+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance

Final Thoughts

Looking at BTC Markets, one can clearly observe its dedication to providing an all-inclusive trading experience. Boasting an expansive selection of digital currency options as well as user-centric service, BTC Markets stands out as an important player in the cryptocurrency space.

BTC Markets FAQs

BTC Markets is an Australian cryptocurrency exchange that has been operational since 2013. As with any trading platform, the reliability can be assessed by factors such as its longevity, security measures, user reviews, and compliance with regulations.

It is important to conduct personal research and consider these factors before using any exchange.

To see how BTC Markets compares to other crypto exchanges, have a look at our page comparing CoinSpot vs BTC Markets.

Investing in Bitcoin (BTC) and other cryptocurrencies is considered high risk due to their volatility. Prices can experience significant fluctuations within short periods.

Potential investors should be aware of the risk involved and invest only what they can afford to lose. It’s also recommended to consult financial advisors if necessary.

There isn’t a single “most accurate” BTC indicator as the cryptocurrency market is influenced by numerous factors. Traders often use a combination of technical indicators such as moving averages, RSI, and MACD, alongside fundamental analysis, to make more informed decisions.

It’s important to have a well-rounded approach and consider multiple indicators.

BTC Markets was founded in 2013 and is one of the oldest Australian cryptocurrency exchanges.

To use BTC Markets, you would first need to create an account on their platform. This process usually involves providing some personal information and verifying your identity to comply with KYC (Know Your Customer) regulations.

Once your account is set up, you can deposit funds, buy and sell cryptocurrencies, and track your portfolio through their interface.

Two-factor authentication (2FA) for BTC Markets is an additional security process users go through to verify their identity. It typically involves receiving a code on a separate device, such as a smartphone, which must be entered in addition to the password to access the account, thereby providing a second layer of security against unauthorized access.

To withdraw AUD from BTC Markets, you need to log in to your account, navigate to the withdrawal section, select the AUD withdrawal option, enter the amount you wish to withdraw and the details of your bank account, and then confirm the transaction. The funds are usually transferred to your bank account within a specified timeframe.

If you’re unable to withdraw your BTC from BTC Markets, it could be due to several reasons such as ongoing maintenance, security concerns, or not meeting withdrawal requirements like verification steps. If you encounter such an issue, it’s best to check the platform’s status, review any alerts or notifications, and contact customer support for assistance.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: