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BTC Markets Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
BTC Markets logo
4.36
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 a dynamic exchange that offers a range of features and services to its users. With its focus on digital assets, competitive fee structures, and a commitment to security, BTC Markets provides a solid platform for engaging with the crypto markets.

Whether you are looking to trade Bitcoin or explore other digital currencies, this exchange presents a potent 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 29+
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 examination of BTC Markets, a cryptocurrency exchange aiming to cater to the needs of both newbies and seasoned traders. In this in-depth look, we’ll navigate through the various facets of the platform, providing you with a comprehensive overview to help you decide if BTC Markets meets your digital currency trading requirements.

BTC Markets homepage

BTC Markets has risen to prominence as a versatile platform within the digital currency space, providing a range of services that cater to both novices and experienced traders. As the cryptocurrency landscape continues to evolve, the exchange has managed to maintain relevance by adapting to new challenges and leveraging technological advancements.

Its commitment to streamlining the trading process has made it particularly appealing to a broad spectrum of users who seek efficiency and reliability when engaging with digital currencies.

About BTC Markets

BTC Markets was established to serve as a bridge in financial markets, particularly in the burgeoning digital assets sector. As a platform, it offers users the opportunity to interact with a diverse list of cryptocurrencies, including prominent ones such as Bitcoin and Bitcoin Cash.

The exchange was designed with the intention to facilitate efficient and reliable transactions in the crypto ecosystem, making it a go-to venue for acquiring and trading digital currencies.

BTC Markets features

The journey of BTC Markets has been shaped by a series of historical shifts in the financial landscape, including the increasing acceptance of cryptocurrencies as legitimate financial assets. Market trends such as the surge in digital currency use and the integration of blockchain technology across various sectors have played a significant role in the exchange’s evolution.

Reflecting on the broader industry developments since its inception, BTC Markets has demonstrated an agility in responding to changes in investor behaviour and regulatory environments, ensuring its platform remains aligned with the market’s pulse.

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 29 cryptocurrencies on their platform. This exchange currently supports 14 of the top 30 market cap cryptocurrencies.

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

View all cryptocurrencies BTC Markets supports

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

Trading Experience

Ease of use and functionality are at the forefront of the BTC Markets trading experience. The platform aims to cater to traders of all experience levels, providing features that offer insightful review into market structure and asset class behaviours.

The interface is designed to be intuitive, ensuring that users can navigate markets confidently and execute transactions efficiently.

The trading experience on BTC Markets is crafted to be immersive and informative, allowing traders to make informed decisions based on real-time market data and analysis. Traders benefit from a suite of tools that enhance their ability to spot trends and assess market sentiment.

These resources, coupled with a high-performance trading engine, ensure that users can act swiftly, capitalising on market opportunities as they arise.

BTC Markets exchange marketing

BTC Markets Fees

Understanding the transaction costs associated with trading is crucial. BTC Markets implements a fee structure that aligns with industry standards, taking into account factors such as trade volume and market activity.

While specific numbers are not disclosed here, it’s important for users to explore the nuances of the fee model to grasp how fees may impact their returns.

Staying competitive in the crypto exchange arena necessitates a transparent and adaptable approach to fees. BTC Markets employs a fee model designed to cater to the ever-changing dynamics of the crypto markets, taking into account factors like liquidity and user transaction patterns.

This strategic approach to fees enables the platform to adjust to market demands, ensuring that users have access to cost-effective trading options that reflect the current state of the 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 compared to the industry average of 0.000075 BTC. So BTC Markets has a fee that is above the industry average by 300.00%.

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 seriously, striving to ensure the safety of its users’ assets. With a robust security model in place, the exchange works diligently to protect against unfavorable events and maintain the trust of its clientele.

Throughout the cryptocurrency world, where the variance of returns can be as unpredictable as price fluctuations, the importance of a secure trading environment cannot be overstated.

In an age where digital threats are ever-present, the security protocols of BTC Markets are a testament to its dedication to safeguarding user assets. By implementing state-of-the-art security measures and maintaining stringent compliance with regulatory standards, the platform reassures its users of a secure trading environment.

The exchange’s multi-tiered security infrastructure is a bulwark against potential cyber threats, providing a shield for user transactions and personal data.

BTC Markets Customer Support

BTC Markets places great emphasis on customer support, offering various methods for users to get assistance when needed. The support team is equipped to handle a range of inquiries, from wallet transfers to in-depth queries about transaction costs, ensuring that users have a reliable point of contact.

BTC Markets recognises that exceptional customer support is vital to user satisfaction and retention. The exchange has built a comprehensive support network that is accessible and responsive, providing users with the necessary guidance to navigate the complexities of cryptocurrency trading.

This support extends beyond mere problem-solving, encompassing educational resources that empower 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

4.80
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
327+

Trading Fees
0.35% - 0.60%

Fiat Currencies Supported
USD, AUD, NZD

Visit Swyftx
CoinSpot logo

CoinSpot

4.37
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
402+

Trading Fees
0.10% - 1%

Fiat Currencies Supported
AUD

Visit CoinSpot
Binance logo

Binance

3.27
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
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance

Final Thoughts

Reflecting on BTC Markets, one can see the platform’s commitment to offering a comprehensive trading experience. With a focus on a wide range of digital currency options and a user-centric approach, BTC Markets positions itself as a noteworthy player in the cryptocurrency landscape.

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: