|Date of foundation|
Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX
|Types of support|
English, Russian, Turkish, Indonesian, Spanish, Vietnamese, Portuguese, Italian, German, French, Chinese, Japanese, etc.
|The owner of the company|
BTSE Holdings Limited
|Minimum entry amount|
|Maximum input amount|
|Minimum withdrawal amount|
|Maximum withdrawal amount|
Trade Commission: From 0.01 to 0.05 % for maker / From 0.03 to 0.1 % for taker
Contract Commission: 0.04 % for maker
Withdrawal fee: 0.000015 BTC / 0.01 ETH
Fiat currency entry fee: From 0.05 to 2 % / Depends on payment system (SWIFT, IFSC, IMPS)
Fiat currency withdrawal fee: From 3.38 to 25 USD / Depends on payment system (SWIFT, SEPA, IFSC, IMPS)
Contract Commission: -0.01 % for maker
From 18 years
|Trading volume per day|
|Number of cryptocurrencies|
There is a BTSE service token
|Free Demo Account|
|Types of accounts|
|Execution of orders|
Limit Order, Market Order, OCO Order, Index Order
|Methods of replenishment|
Cryptocurrencies, Bank Card (Visa/MC), Sepa, SWIFT, IFSC, IMPS
Cryptocurrencies, Bank Card (Visa/MC), Sepa, SWIFT, IFSC, IMPS
|Types of cryptocurrencies|
BTC, ETH, LTC, XRP, USDT, LINK, etc.
|A way to store cryptocurrencies|
Cold: yes99.91.9% of funds are stored in "cold" wallets
|Stop Loss and Take Profit Function|
|Exchangeability for fiat currencies|
|Ability to trade with borrowed funds|
Receipt of interest for lending assets
|Extended AML verification|
Provide photo ID, proof of address (bank statement, utility bill, credit card bill)
Law of the Russian Federation "On digital financial assets" from January 1, 2021
Law of the Russian Federation of 07.08.2001 № 115-FZ "On counteracting the legalization (laundering) of proceeds of crime and the financing of terrorism
Registration10-40% from referral transactions
Fast transaction processing
Convenient trading terminal
"Cold" storage of 99.9% of all funds on the platform
Russian version of the site
Ability to input and output fiat
Complaints about technical support (based on online reviews)
Legal name: BTSE Holdings Limited
Legal address: Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX
|Date of update|
BTSE is it a scam? Reviews and description
- 1. Why BTSE?
- 2. How to exchange cryptocurrency on the BTSE platform?
- 3. Verification on the btse.com platform
- 4. Deposit and withdrawal
- 5. BTSE bonuses
- 6. Complaints about BTSE
- 7. Regulation of the BTSE crypto exchange
- 8. Is BTSE a scam?
- 9. Conclusion
- 10. Reviews
BTSE - a crypto exchange registered in the British Virgin Islands in 2018. It is an exchange of derivatives, the price of which depends on the value of another asset (stocks, bonds, commodities, etc.). Several types of trading and other services are available, including the use of a service token. It has a user-friendly trading terminal with instant order processing, a mobile application, and an affiliate program.
In this review, we have tried to find out if the exchange and whether it is worth working with it or you can call BTSE a scam.
BTSE - is a relatively new cryptocurrency exchange, launched in 2018. Its tools make the platform a hybrid between a classic crypto exchange offering spot, margin and futures trading and a place to exchange fiat into cryptocurrency. It is possible to participate in derivatives trading associated with such cryptocurrencies: BTC, ETH, LTC, USDT, TUSD и USDC.
The site has several versions in different languages, including Russian. There is all the necessary information about the functionality of the exchange, legal information and detailed answers to questions that users often ask. A mobile application was also developed for the convenience of traders. The advantages of the platform include:
- no downtime;
- the availability of a trading terminal, which can perform more than a million requests per second;
- "cold" storage of 99.9% of all funds on the platform;
- Russian version of the site (not all sections are translated).
How to exchange cryptocurrency on the BTSE platform?
The BTSE Exchange trading platform is available on PC and compatible with mobile devices. A single order book allows you to use the same pool of liquidity through the order book, regardless of currency. This enables greater participation in markets, resulting in greater liquidity, tighter pricing, lower costs and more efficient trading. Wallet Multi Asset Supports adding and removing secured assets, providing greater flexibility and ease of management.
BTSE linear futures avoid the use of unnecessarily complex calculations to provide better control over contracts and assets. Each change in contract price directly proportional to profits and losses, simplifying hedging for traders and eliminating the currency risk associated with non-linear futures. It is possible to place margin and settle in fiat or cryptocurrencyBTSE offers its users trading using funds, providing high liquidity, stability and convertibility through multiple settlement channels. BTSE offers leveraged trading to its users. They offer both open-ended futures and those with expiration dates. By leasing your assets to the BTSE general exchange pool, you will receive interest depending on the cryptocurrency that has been selected. Interest is paid every 24 hours. If you redeem the asset before that time expires, no daily interest will be earned.
BTSE has developed an "All-in-One" stock market tumbler. It combines orders for all pairs of each market in a single market tumbler, which provides better pricing and liquidity. By combining pairs in a single bet, the company improves trading results in several ways:
- deeper liquidity;
- fair prices;
- more variety with a simple one-click switch between currencies.
Trade in index futures - contracts based on a financial index - is available on the exchange. Their price depends on the underlying index, which measures the price movement of the asset. The BTSE has three products of such futures. The exchange also has its own token BTSE, which supports the ecosystem and improves trading results. This is the first token that runs on Liquid, a network based on the Bitcoin sidechain. It offers several advantages:
- Confidential transactions. All transaction amounts and asset types are hidden.
- Fast transactions. Liquid blocks are created every minute, any transaction is processed in 3 minutes.
- Inter-exchange settlements. They simplify the movement of money between member exchanges.
With the token, you can increase referral fees to 40%, earn bonuses in contests and enjoy increased limits. It's also possible to participate in digital asset management offers. By storing tokens in your wallet, you can save up to 60% on fees. The token can be used to pay for platform services, trading functions, etc. BTSE is also available as margin collateral for futures.
Verification on the btse.com platform
Verification is needed to deposit and withdraw fiat money. To verify the identity and use all functions of the platform there are 2 types of identity verification: individual and corporate. In the first case it is necessary to provide:
- Photo ID - passport, driver's license or other state-issued ID.
- Proof of address - bank statement, utility bill, credit card bill (must contain the address of the applicant, must be valid for at least 3 months), national ID card with the address of residence.
The requirements for corporate verification are as follows:
- Certificate of business registration.
- The certificate of the position held.
- Register of Directors.
- Confirmation of director's residence address.
- Director's passport photo.
To be verified, go to the identity verification page: Login>Username>Account>Confirmation. Verification usually takes 1-2 business days. You will receive an email notification when the verification is complete.
Deposit and withdrawal
In addition to depositing cryptocurrency on the platform, BTSE Exchange also allows you to deposit fiat currency by bank transfer, credit or debit card. To do this, you need to add and confirm your credit card on the platform btse.comby uploading a credit card photo and selfies. After verification, you will be able to recharge your account with a credit card. To do this, select the currency for recharging, enter the data credit card and click "Pay". Once completed, the amount will be credited to your account within one business day.
To deposit fiat, go to Wallets - Fiat - Deposit - Enter deposit amount - Select payment method - Click "Next" - Check request details and pay attention to the transaction number - Click "Submit". Transfer the required amount to BTSE. Fill out the appropriate bank information fields on the bank transfer form. Make sure the "reference code" and "transaction number" in the payment information field are correct, then click "OK" to send the wire transfer form to your bank.
To withdraw fiat, complete your KYC check, go to "My Payment" and add your bank account information. Submit your withdrawal request, go to your inbox to receive withdrawal confirmation, and click on the suggested link. The procedure takes from 1 business day. Cryptocurrency is withdrawn in the same way. You need to create a withdrawal request and confirm it with the link that will come to your email. The transaction will be sent to the blockchain within 20 minutes after clicking on the confirmation link.
The platform charges 0.01-0.05% per trade from makers and 0.03-0.1% from takers. As for the commission for trading contracts, takers pay 0.04%. Makers can also receive money for trading on the exchange. The contract maker's commission on the BTSE is -0.01%. There are only a dozen other exchanges in the world with a similar negative commission.
Deposits are not always subject to a fee. Deposits in USD, EUR, GBP, AED, CAD, JPY, HK or AUD via SWIFT transfer will be charged 0.05%. When you make a deposit via SEPA, no fee is charged. Deposits via IFSC and IMPS will be charged 2%.
Fees are different for fiat and cryptocurrency withdrawals. When using the SWIFT system, 0.1% is charged (the minimum fee is $25). For SEPA, the fee is also 0.1%, but the minimum is 3 euros. Transfers via IFSC and IMPS will cost 2% (minimum - 25 US dollars). Withdrawal fee depends on the cryptocurrency, for example, for Bitcoin it is 0.000015 BTC.
The exchange has developed an affiliate program in which users can receive compensation.
Exchange has developed a lucrative referral program in which you can:
- Earn 20% from trade commissions of attracted users. Exchange service token holders can increase rewards up to 40%.
- Get 10% of tiered pass-through income from referrals and those brought in by them.
Referrals will also receive a 20% discount on trading commissions for 3 months. To become a member of the affiliate program, you need to create an account and sign in, get a referral link and copy it. You can use it to invite your friends and get rewarded.
Complaints about BTSE
Reviews about the company can be found on the Internet. Users often note the reliability and honest work of the exchange. They write that there are many currencies for exchange, and funds are withdrawn without problems. Clients also like the fact that there is a withdrawal in fiat currency. The pluses of the service include good exchange rates and a small minimum deposit. But experienced traders often refuse to work with btse.com in favor of other, larger exchanges. You can also encounter complaints about the work of technical support. It happens that answers to users' questions come with a delay.
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Regulation of the BTSE crypto exchange
There are many cryptocurrency exchange sites on the Internet. Some of them belong to reliable and honest companies, but there are also those created by scammers. In order not to become their victim, it is worth to study all documentation published on the site and check the license.
The website of the exchange states that the terms and conditions are regulated and interpreted in accordance with the laws of the British Virgin Islands. There is information that BTSE Holdings Limited is registered under number 2023577. If there is a dispute or disagreement between the parties, they will try to resolve it within 30 days after written notice from one of the parties. If the dispute is not resolved within one month, it will be referred and resolved by arbitration at the Singapore International Arbitration Centre. There is also a "Legal Information" section on the website where you can:
btse.com User Agreement
The User Agreement is published in the Terms and Conditions section. The document has information about account setup, services, and account security. There is a clause stating what the user is not entitled to.
BTSE technical support can be contacted by e-mail, Telegram, Facebook or Twitter. There is a feedback form on the site, through which you can ask a question to the exchange staff.
Is BTSE a scam?
BTSE - crypto exchange, which since 2018 offers several types of trading, a convenient terminal with instant application processing, a mobile application and participation in the referral program. The company also developed its own service token for the convenience of traders. Users are satisfied with the work of the exchange, commissions, the speed of order processing, the level of security and the availability of the Russian-language version of the site, although not all sections are translated into Russian.
There are those who do not like everything about the company. It is possible to meet complaints about the work of technical support, low liquidity and the absence in the listing of some popular cryptocurrencies. Given the working conditions of the exchange and user reviews, we can conclude that BTSE is not a scam. This is a reliable project, which is developing and in the future may become a worthy competitor to popular cryptocurrency exchanges.
BTSE - exchange, which has been operating since 2018. During this time, it has developed a convenient terminal for fast trading, a mobile application, and an affiliate program. Several types of trading are available, including margin trading. Users are confident in the reliability of the company. But before starting cooperation with the exchange, it is worth studying the documentation on its website and working conditions. If you have traded on BTSE, write your opinion about it in comments to this review, so that we can form an independent rating of crypto exchanges.