A Brief Overview Of TopBTC Broker:
TopBTC Broker is an Australian based cryptocurrency exchange. However, the exchange is closely associated with DABTC PTY Ltd. DABTC PTY Ltd is a Chinese Bitcoin exchange that moved overseas after the ban on Cryptocurrency in China. However, TopBTC was established with the aim of creating a friendly market. They also provide a digital currency exchange platform for holders of the alternative coins.
Available Assets and securities
The broker provides for the exchange of fiat to digital currencies. It also pairs different crypto coins. However, some of the most popular coins still traded on the site include:
- Bitcoin cash
- TianyaToken (native token f Chinese Tiana social network)
- TopB (native token for the exchange)
Depositing and withdrawing digital and fiat currencies from the site is free. However, the broker maintains a standard fee, 0.20%, for all transactions on the site. This amount is automatically deducted from the purchased digital or fiat currency.
The TopBTC site is available in English. Moreover, customer support is available in both English and Mandarin languages. Traders and cryptocurrency enthusiasts can reach TopBTC support through email or skype. Moreover, their email, or Twitter and Telegram handle displayed on the broker’s website.
- Relatively inexpensive transaction charges
- Accepts multiple account funding options
- Suspicious broker ownership
- Dominated by unpopular digital currencies
In conclusion, the exchange’s ownership has a lot of mystery. For instance, we believe that it is in Australia. But the country’s national finance industry regulator ACDA has not listed it yet. This plus their sluggish support are some of the red flags. In addition, these red flags make TOPBTC’s legitimacy and intents questionable.