BTC Markets Broker Review
A Brief Overview Of BTC Markets
BTC Markets is a blockchain technology company specializing in the provision of storage and exchange of digital currencies. The crypto broker has its headquarters in Melbourne as well as in Australia. It was established with the aim of providing a secure and reliable platform for Australian investors, businesses, and traders.
Digital assets on the platform
BTC markets specialize in the provision of peer to peer alternative currency exchange options as well as the conversion of fiat to digital currencies. Some of the digital assets traded on the platform include:
- Bitcoin
- Litecoin
- Ethereum
- Ripple
- Bitcoin cash
- Ethereum classic
Fees
BTC service doesn’t charge for either the fiat or cryptocurrency deposits. It, however, has its standard trading fee for crypto-to-crypto forex exchanges set at 0.22%. Moreover, trading fees for fiat to crypto exchanges are on a graduated scale of between 0.30% and 0.85% depending on the volume of trade. However, withdrawal of fiat currency to an Australian bank is free while crypto charges depend on the volume of trade.
Customer Support
BTC Markets focuses on just the Australian market and English as its official language. Clients and enthusiasts seeking assistance from the broker can just start by opening tickets on the company’s support page or direct messaging them on either Twitter or Facebook.
Pros
- Multi-currency support
- Transparent and relatively low transaction charges
Cons
- Restricted to Australian markets
- Low trading volumes on several currency pairs
Verdict
In conclusion, the untainted history BTC Markets has maintained. Its regulation by ADCA and transparency of both company information and operations make us believe it is a good brokerage.
