Everything You Need to Know about BTCMarkets Exchange

BTC Markets Exchange is a cryptocurrency exchange platform founded in Australia in 2013 and focused primarily on English-speaking users. The headquarters of the exchange is located in Melbourne. The project is designed primarily for European countries, and the only language available in English. Despite this, access to trading is available to all countries without exception.

History of BTCMarkets exchange origin

BTC Markets cryptocurrency exchange was founded in 2013. Initially, it was positioned as an alternative platform where users from Australia could trade without any problems with digital currencies (Bitcoin, Ethereum, Litecoin, etc.) in a convenient format and the ability to pay for transactions in national currency.

Later it was transformed into an international project. But the only thing that can limit the process of using the services of the BTC Markets exchange is the lack of a wide choice of traditional means of payment. In particular, of all types of fiduciary funds, only Australian dollars can be used. Customers can use them to buy or sell popular digital currencies such as Bitcoin, Litecoin, Ripple, Ethereum, and Ethereum Classic.

The exchange offers AUD trading pairs against BTC, XRP, ETH, and LTC. From the beginning of the foundation of the project, the trading volume has been constantly increasing. Today, the daily average is about $ 14 million. It ensures the high liquidity of the exchange, which naturally has a positive effect on the difference between the rates of buyers and sellers.

Specifications and safety of BTCMarkets exchange

The BTC Markets cryptocurrency exchange is one hundred online sites in terms of trading volume for BTC / AUD, XRP / AUD, ETH / AUD, and LTC / AUD. It should be noted that the exchange is popular not only in Australia but also in other countries: European countries, the USA, Japan, etc. It is because, unlike other similar projects, BTC Markets has high liquidity and offers users the following terms of cooperation:

  • Minimum commission fees for completed transactions;
  • High level of security, including protection against hacker attacks on the computer system to steal personal data of users, AML solutions, and a two-factor authentication system, including confirmation of actions using a mobile phone;
  • The ability to use the working tools of the exchange for demo trading. It allows new users to trade in a trial mode, better understand Internet trading and study high-tech software in general, the essence of working with cryptocurrency, and the principle of trading with them in particular;
  • The platform does not put any restrictions on making deposits and withdrawing assets. The minimum deposit is 1 Australian dollar;
  • Leveraging cutting-edge technology including the API FIX systems and versatile API REST adopted by many prime brokers, banks, and hedge funds.

The BTC Markets exchange protects user data with a variety of features. In particular, account security is ensured by automatic logout after several minutes of inactivity (the trader can set the automatic logout interval on their own in the settings), and two-factor authentication (it can be used for all types of transactions). Also, the user has constant access to the history of visits. It is displayed here when and from which device the account was active; upon detection of suspicious IP addresses or transactions, the trader can change the password or close the current sessions.

How to start using BTC Markets services

The activity of this cryptocurrency project is partly focused on specialists who prefer to use bots for trading operations. It is achieved through the introduction of the latest API tools into mathematical algorithms.

To get access to the full use of the exchange tools and start trading in a non-demo mode, the user needs to register an account. The process is quite simple: you need to provide personal data, enter an email address and confirm your actions (for this, a letter is sent to the email address). It will make it possible to conduct transactions using cryptocurrencies.

To be able to replenish the account with fiduciary funds (in this case, only in Australian dollars), you must go through the verification of your account, specifying the following data:

  • Personal data: full name and date of birth;
  • Country of residence;
  • Residence address: city, district, street, house number.

Users must also confirm the correctness of the personal information by sending scanned copies of documents.

Deposit and withdrawal of money on the BTC Markets exchange are carried out using cryptocurrency wallets. The most popular variant is a personal account in the Bitcoin system. Also, the user is allowed to deposit and withdraw cryptocurrency to the wallets BTC, ETH, XRP, LTC, etc. The Australian dollar is deposited from a bank account, which also needs to be verified. The commission for depositing and withdrawing funds ranges from 0 to 0.1%. It should be noted that only Australian residents can deposit and withdraw funds in Australian dollars at the indicated rates. There is a separate interest rate for users from other countries.