Founded in 2013 with its headquarter in Melbourne, Australia, BTC Markets is an online trading broker that allows traders to buy and sell digital assets, such as Bitcoin, Litecoin, Ethereum, and XRP, at a market-determined price based on the demand and supply from buyers and sellers on the Exchange. They provide traders with an online trading platform that utilizes a purpose-built trading system to provide flexible trading solutions, high volume transaction processing, and automated trading. Clients also benefit from some helpful trading tools, educational resources, and a client support team.
BTC Markets Review Introduction
In this BTC Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including BTC Markets.
BTC Markets Platforms & Tools
The Exchange provides traders with an in-house-developed trading platform. The BTC Markets Trading Platform has security measures in place and competitive fees that allow traders to trade the designated cryptocurrencies at market rates. It is an electronic marketplace for trading crypto assets with other users of the platform. However, the platform is limited to residents of Australia only.
BTC Markets Research & Education
Educational resources play a significant role in cryptocurrency trading as they help to improve traders’ trading knowledge whilst keeping them updated on the latest happenings in the market space. On this note, the Exchange provides traders with a selection of educational resources, including News, Articles, and an FAQ section that offers instant answers to most of the common questions that traders have.
BTC Markets Trading Accounts
BTC Markets allows only Australian traders to create a live trading account. It is denominated in Australian dollars (AUD).
BTC Markets Account Funding
The Exchange accepts two methods to fund your trading account, and they are Osko and BPAY. These are Australian-based payment gateways, and they are instant and free. On the other hand, withdrawals from the BTC Markets account are made directly to Australian bank accounts.
BTC Markets Customer Service
They provide traders with a customer support team that is available to respond to traders’ general, technical, or account-related inquiries. They can be contacted through an online request form, selected social media channels, or by visiting the team’s office in Melbourne.
BTC Markets Regulation
The Exchange states that it uses a cold wallet and hot wallet system to help secure and manage clients’ cryptocurrency reserves. However, they are not regulated by any financial authority at the moment, which some traders may not be happy with as they prefer to trade with regulated exchanges. But cryptos are not well regulated at the moment.
BTC Markets Review Summary
Putting it all together, BTC Markets is an Australian marketplace where crypto traders buy and sell blockchain assets on a secure and reliable trading platform that is designed specifically for professional investors, businesses, and anyone interested in buying or selling Bitcoins across Australia. The Exchange also provides traders with trading tools, educational materials, and a customer support team. Traders are offered a live trading account and a range of deposit and withdrawal methods, which are all denominated in Australian dollars (AUD). However, the Exchange is not regulated by any known regulatory authority at the moment, and this could discourage some potential traders and investors from trading with the Exchange.
It is worth mentioning that some of the trading products and services in this BTC Markets review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the BTC Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.