BTCEX is one of the fastest-growing crypto-trading platforms with full-category products. This BTCEX review is an up-to-date, detailed analysis of the BTCEX exchange, containing everything you need to know about BTCEX and whether it’s the right exchange for you.
Let’s find out!
BTCEX Review
BTCEX was launched in July 2021 and has since become a full-category digital asset trading platform. From beginner-friendly copy trading to crypto derivatives such as perpetual contracts, BTCEX has built a comprehensive product line, dedicated to empowering investors to make a better future.
BTCEX headquarters is registered in the Seychelles, and since then the company has obtained key licenses in countries like Canada, Lithuania, and Estonia. Now BTCEX has more than 200 employees, with offices located in Canada, Singapore, Hong Kong, and Dubai.
BTCEX has almost everything a trader looks forward to, such as low trading fees, numerous trading pairs, and the ability to copy referral program—you can find it all on BTCEX.
Besides that, it is very easy to get started on the platform, as you can sign up in just a few steps. The exchange does not require any documents right away, so you can start exploring every single option available when you first sign up.
BTCEX Review: What is BTCEX?
BTCEX is a full-category digital asset trading platform that provides spot trading and derivative trading such as margin, quarterly contracts, perpetual contracts, and options.
BTCEX founder is unknown, but its founding team hails from the world’s top-tier exchange platforms Binance (Cayman Islands), Huobi (Seychelles), and Bithumb (Korea). They boast of years of experience in the development and operation of digital-asset exchanges.
Since they know the business and trading logic inside out, they beg to differ from the current industry benchmark that lacks usability by all odds.
BTCEX Review: Key Features of BTCEX
BTCEX implements the much-called-for features that make it stand out professionally and qualitatively among your average derivatives exchanges. Some of its features include:
Intuitive User-Friendly Interface
Customized trading interface at your service to fulfill your needs and help you trade with ease.
Buy and Trade Crypto In Seconds
Simply create an account, add funds, and then you can start trading with the BTCEX step-by-step tutorials within 60 seconds.
Multiple Trading Selections
To fully meet users’ demands, BTCEX provides multiple trading selections, including Spot Trading, Margin Trading, Perpetual Contracts (Classic & Advanced), Futures, and Options.
Excellent Liquidity
With 50+ market-making teams, reliable partners, and an extensive order book, BTCEX ensures that you can buy and sell as you please, with no need to wait.
One-Click Copy Trade
If you are an amateur trader without the proper knowledge to trade efficiently, then copy trading could be a blessing to you. As its name suggests, copy trading allows traders to copy other traders and make money through them. With this option, you literally don’t have to do anything as everything is done by the trader you’re copying.
Outstanding Security
BTCEX provides the leading security solutions. The exchange has passed the security tests of multiple internationally renowned security companies with high-security ratings. In addition, BTCEX offers 1,000 BTC as insurance funds to provide users with the safest trading experience.
24/7 Customer Support
We’re always here to help. Our 24/7 customer service provides multi-language support. (English, Korean, Japanese, Spanish, Vietnamese, and more.)
BTCEX Review: What Services does BTCEX Offer?
Many traders prefer BTCEX because it allows them to diversify their positions by opening trades in different markets without compromising the availability of assets and trading pairs. BTCEX has numerous additional benefits, which are discussed below:
- A good number of cryptocurrencies: BTCEX has a good variety of cryptocurrencies available for trade. There are over 100 crypto assets available in the spot market, including almost all of the popular cryptocurrencies, which makes it easy for traders to keep up with and evaluate market conditions. Some of the cryptos include BTC, ETH, SOL, SHIB, XRP, MANA, SAND, and GALA.
- Trade with up to 10x leverage: Leverage raises your potential to earn more money and explore opportunities that might lead to better outcomes. Leverage raises your potential to earn more money and explore opportunities that might lead to better outcomes. You can multiply your earning potential by ten with BTCEX. This might be a little low for many professional traders, but beginners should remember that the higher the leverage, the greater the risk of losing money.
- Android and IOS app: The markets for cryptocurrencies are unstable and susceptible. They are subject to rapid change, even within hours. Mobile access to your exchange account is essential for traders who never want to miss an opportunity to research their options and open a position.
- Multiple trading markets: BTCEX is a well-liked option because it offers a variety of trading possibilities. There are a large number of trading markets and trading pairs. Spot trading is the most fundamental of these. With spot trading, you can open positions with more than 50 different pairs.
- Premium benefits and bonuses: BTCEX offers its users a variety of benefits. One of the simplest ways is through promotions, where you receive benefits for funding your BTCEX account with assets. By exceeding benchmarks for total trading days and volumes, you can also get free cryptocurrency. These kinds of deals are frequently introduced by BTCEX, so customers should regularly check the rewards center to learn about current sales.
- Referrals: BTCEX offers a referral program with great rewards. By bringing traders to the platform, you can receive up to a 50% commission on their trading fees. A BTCEX invitation code will be sent to the user once registration is complete, at which point the invitation is deemed successful. The inviter may receive the corresponding commission for each actual transaction that the invited users complete.
BTCEX Review: Pros and Cons of BTCEX
Pros
- Copy Trade: BTCEX offers contract traders and followers a welcoming, practical, and open environment. Share profits by aligning your cryptocurrency portfolio with that of experienced traders.
- Affiliate Program: Join BTCEX as a partner and receive the best trader commission in the business.
- Beginner-friendly: BTCEX is straightforward and simple to use, making it simple for anyone to find all the options and the information they require.
- Referral program: Check out BTCEX’s referral program if you’re looking for an additional way to earn free money. It has great incentives. As a commission, you can earn up to 50% of the trading fee paid by traders you bring to the platform.
- Low fees: BTCEX currently provides spot trading and derivative trading such as margin, quarterly contracts, perpetual contracts, and options, all of which offer some of the lowest fees available in the market.
Cons
- Only cryptocurrency deposits and withdrawals are accepted: sub-accounts, internal transfers, and credit card purchases of cryptocurrency are not.
- Mixed user reviews: According to reviews, users claim to face some issues with withdrawals.
- BTCEX USA: BTCEX is not available in the U.S and thus its services are not offered to its residents. So if you’re in the U.S here are some other exchanges you can consider like Blockchain.com, BigONE
BTCEX Review: BTCEX Account Registration Process
With BTCEX’s intelligent and intuitive UI design, you can get signed up in no time. However, just in case you get lost and need to find your way, here is a quick and detailed guide on how to sign up in just a few steps.
Step 1
Visit BTCEX. Select your country of residence and click on “Confirm.”
Step 2
On the registration page, insert your email address and phone number, then click on “Register.”
Step 3
A code will be sent to you. Go to your email copy and insert the code in the required field, and viola, you’re all set up.
BTCEX supported coins
BTCEX excels at offering traders and investors a wide array of coins to trade, with over 100 different cryptos. This includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Ripple (XRP)
- Tron (TRX)
By using the coins, which are accessible after signing up, users can enhance their strategies.
BTCEX review: BTCEX KYC
The Know Your Customer (KYC) verification process is crucial for preserving the exchange’s security. This allows the exchange to link each account to a specific owner or user, which in turn aids in keeping out bad actors.
The KYC process is to be carried out when a user has signed up on BTCEX. You’ll now need to follow a series of steps to verify your identity, like submitting an ID document, taking a selfie, and more. You can also follow the steps below to pass your KYC verification:
Step 1
Click “My Account” on the upper-right corner of the homepage.
Step 2
Click “Identity Verification.” Here, you’ll see the whole KYC process, which is composed of two phases.
Step 3
Click “Verify (KYC 1)” to start. After it is completed, you’ll be able to buy, deposit, and withdraw crypto, and your withdrawal limit will be up to 10,000,000 USDT.
Step 4
Select your country/region of residence. Then fill in your name in the field provided.
Note: that the name should be exactly the same as what is written on your identity document.
Step 5
Select the type of document you want to verify.
Note: BTCEX accepts government-issued ID cards, passports, and driver’s licenses.
Step 6
Enter the number of your ID document, then click “Continue” to move to the next step.
Step 7
Fill in your address, postal code, and city accordingly, then enter your date of birth.
Note: The date should be the same as that recorded on your ID document.
Step 8
Tick the checkbox to agree to BTCEX’s terms of use and privacy. Be rest assured that your information will be kept confidential.
Step 9
Take a selfie of you holding the information page of your selected ID document.
Note: Your selfie should be in jpg, jpeg, or png format and not exceed 5 MB.
Step 10
After it’s all set, you can upload your selfie. Click “Continue” to submit all the information needed for KYC 1.
Note: Your information will be used for identity verification only and will be kept safe by BTCEX.
Step 11
Now your KYC 1 verification is under review. Normally, this process will be completed within 24 hours.
Note: You’ll be notified by email that your KYC1 verification is complete. If you don’t see the email notification, don’t forget to check your spam folder as well.
Step 12
After you receive the notification email, go back to “My Account” > “Identity Verification,” and you can see that KYC 1 is complete.
Note: Now you can buy, deposit, and withdraw crypto on BTCEX, with a withdrawal limit of up to 10,000,000 USDT. However, if you would like to increase this limit to 20,000,000.00 USDT, click “Verify (KYC 2)” and carefully follow the on-screen instructions.
How to Buy Crypto on BTCEX
Before proceeding it is mandatory on BTCEX to complete KYC and also enable mobile number verification before you can be able to buy crypto.
Step 1
Log into your BTCEX account and head over to the menu located at the top right corner of the page.
Step 2
Now click on “Buy Crypto.” On the “i want to spend” section input the amount of crypto you’d like to buy and the currency you’d like to pay in. The “i will receive” section, supports only USDT.
Note: The minimum amount you can be able to purchase is $100.
Step 3
Now select your paymeent method.
Step 4
Review the transaction and click on “Confirm.”
BTCEX API
The trading platforms used by different exchange platforms vary from one another in terms of customization, ease of use, navigation, and design. It is because multiple criteria are used by different exchange platforms while building their trading platforms.
Regardless of the variations, a good trading platform should be easy to use, navigate, and include all necessary trading tools in its API. Customers of the BTCEX exchange platform have access to a top-notch trading platform.
BTCEX review: BTCEX Trading Conditions
BTCEX offers cryptocurrency trading. You can open trades on the spot market, use margin trading, or trade perpetual contracts. Also, you can buy cryptocurrency on the exchange directly with a credit card. Currently, the platform accepts only EUR and USD.
BTCEX review: BTCEX Fees
BTCEX Deposit Fees
The only way to deposit funds into your BTCEX account is via cryptocurrency, which is free.
BTCEX Trading Fee
The trading fee at BTCEX is divided into several parts due to the wide range of trading options available on the platform.
| Trading Fees | Maker | Taker |
|---|---|---|
| Spot Trading | 0.1% | 0.1% |
| Margin Trading | 0.1% | 0.1% |
| Perpetual Contracts | 0.02% | 0.05% |
| BTC Futures | 10USDT per BTC | 17USDT per BTC |
| ETH Futures | 0.75USDT per ETH | 1.25USDT per ETH |
BTCEX Crypto Withdrawal Fees
The crypto withdrawal fee at BTCEX is not fixed and can fluctuate depending on market conditions. The blockchain network determines withdrawal rates, due to factors such as network congestion. The below table displays withdrawal fees for different cryptos.
| Token/Coin | Withdrawal Fee | Min Withdrawal |
|---|---|---|
| TRX | 0.1 | 1 |
| ETH | 0.0036 | 0.0072 |
| USDT-TRC20 | 1 | 10 |
| BTC | 0.0004 | 0.0011 |
| USDT-ERC20 | 10 | 15 |
| DFA | 14.4791 | 15 |
| TALK | 20.3741 | 21 |
| SHIB | 701838 | 1450000 |
| UNI | 1.25 | 2.5 |
| GODS | 10 | 20 |
| AXS | 0.27 | 0.54 |
| CRV | 8.72 | 17 |
| SLP | 1 | 782 |
| ILV | 0.03 | 0.06 |
| DAR | 11 | 22 |
| RGT | 0.78 | 1.56 |
| IMX | 5.71059 | 10 |
| ENS | 0.60822 | 1 |
| CERE | 220 | 242 |
| ALICE | 2.52 | 5.04 |
| MASK | 3 | 6 |
| YGG | 6.2 | 12 |
| AAVE | 0.24 | 0.48 |
| 1INCH | 8.97 | 17 |
| BNB | 0.0005 | 0.01 |
| GRT | 33 | 66 |
| STPT | 300 | 600 |
| CAKE | 0.017 | 0.034 |
| WOO | 12 | 50 |
| XVS | 0.013 | 0.026 |
| TONCOIN | 10 | 11 |
| SUSHI | 3.51 | 7.02 |
| ALICE-BEP20 | 0.02 | 0.04 |
| MOBOX-BEP20 | 0.059 | 0.12 |
| BOBA-ERC20 | 13 | 13.1 |
| SAND-ERC20 | 6.65 | 13 |
| LRC-ERC20 | 12 | 24 |
| 1000SHIB | 0.0001 | 100000 |
| GNO | 0.082 | 0.16 |
| MANA-ERC20 | 6.82 | 13 |
| PEOPLE-ERC20 | 1040 | 1100 |
| ENJ-ERC20 | 10 | 20 |
| WILD-ERC20 | 20 | 22 |
| RBN | 35 | 40 |
| API3-ERC20 | 15 | 20 |
| LINK-ERC20 | 0.512 | 1.024 |
Also, BTCX Fiat withdrawals are not supported on the exchange.
BTCEX App
The BTCEX exchange APP allows you to trade top cryptos such as Bitcoin (BTC) and Ethereum (ETH). Download and enjoy professional, secure, and user-friendly services with the lowest fees on BTCEX.
The BTCEX exchange app has over 50,000 downloads on playstore. It is also built with support for Android and IOS users.
Signing up on BTCEX gives you access to a pool of cryptocurrencies, which you can use to buy, sell, and trade.
BTCX Coin
BTCX exchange has a native asset called BTCEX Coin (BXC). As of this writing, according to CoinGecko, BTCEX 24-hour volume is reported to be at $402,216,626.48, a change of -2.91% in the last 24 hours. The most active trading pair is BTC/USDT with a 24h volume of $222,927,190.71.
BTCEX review: BTCEX Bonus
BTCEX Bonus is a new product of BTCEX that aims to provide traders with a risk-free trading experience in a real environment while meeting users’ needs for testing the platform’s functions and experiencing their products.
How to get BTCEX Bonus?
BTCEX Bonus can be obtained by participating in the activities in the rewards center and other activities such as trading competitions, airdrops, etc
How can BTCEX bonus be used?
BTCEX bonus can be used to cover potential trading losses or be used as trading margin, trading fees, and funding. The bonus cannot be withdrawn, but the profit earned from trading with the bonus can be withdrawn in compliance with the terms and rules of use.
BTCEX Airdrop
Airdrops are of the essence, as they help projects gain publicity, market their products, and meet their target audience. BTCEX is not exempt from this, as the exchange also has its own airdrop reward structure.
BTCEX is airdropping free BXC tokens to the first 100,000 participants. Guess what! You can all participate in the exclusive airdrop to get 10 BXC tokens.
What you need to Get started
- Twitter Account
- Email address
- Facebook Account
- Telegram Account
Note
- One account per IP is allowed.
- Twitter accounts must be original.
- Joining with multiple accounts is not allowed, so you don’t get blacklisted.
The retweet link on Twitter must match the screenshot posted on the Telegram group.
BTCEX review: How to join BTCEX Airdrop Program
Step1
First off, you have to Sign up at BTCEX
Step 2
Then move on to verifying your identity by submitting your KYC documents.
Step 3
Share BTCEX account referral link to the new sign-up user, when new sign up and finished KYC, the platform reward 5 BXC tokens (unlimited referral)
Step 4
Follow BTCEX on Twitter, like their Facebook page, and join their Telegram group.
Step 5
Now share the BTCEX token sale schedule and Airdrop details on Twitter and tag five of your friends.
Step 6
You will also need to share the BTCEX post to your Facebook account
BTCX Exchange Review
So, are you still unsure whether BTCEX is the right exchange for you? What better way to find out than from fellow users who have interacted with BTCX? Below are BTCEX Reddit reviews from its users:
“I was a beginner when I started trading in BTCex. But, trading is so easy and safe here that I didn’t feel any difficulty.
Plus, they are fast in updates, and all of my withdrawals were quickly met.”
“Do not use BTCEX. They easily accept deposits but when it comes time for you to take your money out of their platform it becomes a problem. Luckily, I recently managed to get my money back thanks to gavibrenaid.com, a company that helps track fraud and recover lost funds.”
BTCEX Restricted Countries
BTCEX exchange services are not available if you are resident in the following states: the United States; Panama; or any other country or area designated as a restricted area on the BTCEX website. Also, creating an account in a restricted area will make your account liable to termination by the BTCX exchange.
Is BTCEX Legit?
BTCEX claims they’re obsessed with security, so its users don’t have to be, and there are multiple layers of security that you can implement on your BTCEX account. So let’s go over some of the security features of BTCEX:
- Two-Factor Authenticator (2FA): Enabling 2FA, provides users with an extra layer of security. You can enable it by accessing your account details.
- Anti-Phishing Code: This is a code that prevents you from entering your details on fake sites that are designed to look exactly like BTCEX.
- Complete Hot and Cold Wallets: and risk control system, ensuring account safety with careful monitoring of all suspicious activity.
- Bug Bounty Program: BTCEX has a Bug bounty program that incentivizes researchers that source out for bridges on its system and demonstrates how that bridge can be exploited. Find out more here
BTCEX review: Conclusion
With the integration of multiple trading markets and hundreds of pairs, BTCEX has been able to meet almost all of the demands of traders. The platform is unquestionably a great option for any trader looking to explore a plethora of trading opportunities in a single location. The ability to copy experienced traders is what makes BTCEX appealing to novices.
Another advantage for beginners is that the platform is very user-friendly and has a simple layout. You can also earn money by referring others to the platform, and you can even earn money just for depositing assets or increasing your trading volume. Because the platform is available globally, users from almost every country can register and begin trading on BTCEX.
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