BTCMarkets Review

Btcmarkets Review

About

BTC Markets is a privately-owned bitcoin and cryptocoin exchange based in Melbourne, Australia.

BTC markets uses a cold wallet and hot wallet system to secure and manage their client’s crypto currency reserves. The claim to maintain a full-reserve and process reconciliations on a per transaction basis.

 

Sign Up

Signing up is super easy and Btcmarkets don’t require a stack of information to get started.

 

Getting Started / Verification

To deposit money or withdraw money you’ll need to verify your account.

This is standard operating procedure due as exchanges need to comply with international laws around money laundering.

So, you’re going to need to provide your full name, date of birth and residential address to BTCmarkets and wait for verification.

 

Verification typically takes a few days and once you get the green light you’re able to trade.

 

Coin Support

Australian Dollar

Bitcoin

Litecoin

Ethereum

Ripple

Ethereum Classic

Bitcoin Cash

 

Fees

Trading Fee

LTC/BTC, ETH/BTC, ETC/BTC, XRP/BTC, BCH/BTC
Trading Fee %
0.22%

BTC/AUD, LTC/AUD, ETH/AUD, ETC/AUD, XRP/AUD, BCH/AUD

Trading Fee % 30 Day AUD Volume
0.85% $0.01 – $500
0.83% $500.01 – $1,000
0.80% $1,000.01 – $3,000
0.75% $3,000.01 – $9,000
0.70% $9,000.01 – $18,000
0.65% $18,000.01 – $40,000
0.60% $40,000.01 – $60,000
0.55% $60,000.01 – $70,000
0.50% $70,000.01 – $80,000
0.45% $80,000.01 – $90,000
0.40% $90,000.01 – $115,000

Conclusion

BTCMarkets is the premiere Bitcoin exchange inside of Australia, it’s got a relatively short verification window which means traders can be up and trading in no time.

The support team is very responsive and the interface is easy enough to figure out.

The only draw back is the volume of trade taking place, however this is picking up every day.

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