BTC-MARKETS Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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After threatening to report them to the authorities, I still have yet to hear from the trader, and they transferred money to my block chain wallet but for from the 20,000. They only transferred $2.02. I’ve been trying to speak to someone to receive the rest of my funds. But on their end, it shows 20,000$ was successful
Btc Markets, an Australian cryptocurrency exchange, has garnered mixed reviews from users and experts alike. While it is praised for its user-friendly interface and strong security measures, concerns about its limited cryptocurrency offerings and customer support persist. This review synthesizes various insights to provide a comprehensive overview of Btc Markets.
Note: It's important to consider that Btc Markets operates primarily in Australia, and users from other regions may face limitations due to regulatory requirements. The evaluation methodology used in this review aims for fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 7.0 |
| Customer Service and Support | 5.0 |
| Trading Experience | 7.5 |
| Trustworthiness | 6.5 |
| User Experience | 7.0 |
How We Rated the Broker: Our ratings are based on user feedback, expert opinions, and factual data collected from various sources.
Founded in 2013, Btc Markets is one of Australia's oldest cryptocurrency exchanges, headquartered in Melbourne. The platform is designed to facilitate trading in Bitcoin and other cryptocurrencies, primarily using the Australian Dollar (AUD). Btc Markets offers a proprietary trading platform that is user-friendly and accessible on both desktop and mobile devices. The exchange is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), ensuring compliance with local regulations.
Regulated Geographic Areas: Btc Markets primarily serves Australian residents. Although users from other countries can access the website, trading functionalities are limited to those who can provide Australian identification.
Deposit/Withdrawal Currencies/Cryptocurrencies: The platform exclusively supports the Australian Dollar (AUD) for fiat deposits and withdrawals. Users can deposit various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Minimum Deposit: The minimum deposit requirement is relatively low, starting at just AUD 1, making it accessible for new traders.
Bonuses/Promotions: Currently, Btc Markets does not offer any promotional bonuses or referral programs, which some users may find disappointing.
Tradable Asset Classes: Btc Markets supports a limited selection of cryptocurrencies, with around 35 assets available for trading. Popular choices include BTC, ETH, XRP, and BCH.
Costs (Spreads, Fees, Commissions): The trading fees on Btc Markets are structured as follows:
Leverage: Btc Markets does not offer leverage for margin trading, focusing instead on providing a straightforward trading experience.
Allowed Trading Platforms: The platform is web-based and utilizes a proprietary trading interface that integrates TradingView for advanced charting tools.
Restricted Regions: Btc Markets is primarily intended for Australian users, and individuals from other regions may face restrictions due to regulatory compliance.
Available Customer Service Languages: Customer support is primarily offered in English, with no live chat or phone support available. Users can submit support tickets through the website.
Account Conditions (6.0): Btc Markets offers a low minimum deposit, making it accessible, but the lack of various account types and promotions limits its appeal.
Tools and Resources (7.0): The platform provides advanced trading tools powered by TradingView, which enhances the trading experience but may not be sufficient for advanced traders seeking more features.
Customer Service and Support (5.0): Customer support has received mixed reviews, with many users citing slow response times and a lack of direct communication channels.
Trading Experience (7.5): The user interface is intuitive and easy to navigate, making it suitable for both novice and experienced traders. However, the limited selection of cryptocurrencies may deter some users.
Trustworthiness (6.5): While Btc Markets is registered with AUSTRAC and has not reported any significant security breaches, the lack of regulation by a top-tier authority raises some concerns.
User Experience (7.0): Overall, users appreciate the platform's ease of use and security features but express dissatisfaction with the limited customer support.
In conclusion, Btc Markets presents a reliable option for Australian cryptocurrency traders, particularly those looking for a user-friendly platform with robust security measures. However, potential users should weigh the limitations in cryptocurrency selection and customer support against their trading needs. For those primarily trading in AUD and seeking a straightforward experience, Btc Markets could be a suitable choice. For a more diverse trading experience, users might consider alternatives like Binance or Kraken.
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