Bpay is a reliable and secure method through which you can deposit monies into BTC Markets. Depositing via Bpay is free. When you’re ready to fund your account using Bpay, sign in to your account and find ‘Deposit’ from the dropdown menu/5. BTC Markets remain a vital trustworthy BTC Markets remain a vital trustworthy service in the cryptocoin market place. I have satisfactorily used their service for /5(41). Apr 17, · BTC Markets is a popular Australian cryptocurrency trading platform based in Melbourne that provides an easy to use, secure and reliable Bitcoin exchange for beginners and professional investors. The platform offers 13 different cryptocurrency pairs that can be traded using an advanced trading system that suits active investors/5.
Is btc markets reliableBTC Markets Cryptocurrency Exchange Review - Crypto Head
The following limits apply when using the platform:. If you need limits that are higher than what the platform offers, you can request to have them increased. Confirm the transaction and organization information, then submit the payment. The second way you can fund your account is through Bpay. Bpay is a reliable and secure method through which you can deposit monies into BTC Markets.
Depositing via Bpay is free. When the essential information is provided, submit your payment and wait for your funds to arrive. The basic trading page offers a chart that shows volume and recent price information. Located above the chart are price stats, which show you the valuation of specific digital assets. On the left side of the screen is the Buy option, which automatically fills in the market price of your preferred cryptocurrency.
Like some other exchanges, BTC Markets tells you the current price and allows you to spend that amount or choose not to. However, the exchange also offers a limit order selection, which you can use to create an order when the price changes. That means BTC Markets will fill the order if the market price drops to your desired level. Like many other exchanges, BTC Markets offers support through an online support page that answers commonly asked questions. If you have a more specific problem, the exchange does have a ticketing system you can use.
These types of issues result in direct responses by the BTC Markets customer support team. Most user reviews complain that the exchange does not offer phone or chat support, which would come in handy when users have questions or issues that could be handled quickly.
Identity verification makes the exchange safer. For even more security, it is highly recommended that all account holders enable two-factor authentication 2FA. It creates an extra security layer that helps protect your account in the event someone with malicious intentions attempts to access it.
BTC Markets creates another security layer by implementing a system of hot and cold wallets, along with encrypted wallets which it keeps off-site.
This system helps to spread its stored assets between several secured areas. The platform also uses advanced cybersecurity methods which help to ensure that your funds are protected against hackers. To protect your assets, BTC Markets holds a complete reserve of holdings which matches what customers currently hold on the platform.
Hourly audit reconciliations are performed on the site, as well as twice-daily cryptocurrency bank account and cold wallet match confirmations. It is also highly suggested that account holders move large quantities of digital currencies into an offline storage wallet.
Funds in an online wallet are susceptible to attacks, no matter how secure the platform is. The GreenID section will request that you provide at least one form of government identification. BTC Markets will accept tenant agreements, bank statements, utility bills, vehicle registration, and other government-issued documentation as proof of residency. If the platform does need more information, you will receive a separate email outlining what is required to verify your information.
Respond with the requested information to receive confirmation that your account is approved. Trading can be done via smartphone using the BTC Markets website, but doing so is challenging. This is a disappointing aspect of BTC Markets, given the popularity of mobile browsing and app integration. Currently, BTC Markets is intended for use by those who reside in Australia and are interested in buying, selling, and trading cryptocurrencies. BTC Markets does not provide a cryptocurrency wallet and recommends that users choose a third-party wallet to withdraw and manage their funds after trading on the exchange.
They specifically call out Electrum for Litecoin or Blockchain Wallet for Bitcoin, but there are many choices. Write a review. Description Update Welcome to Australia's first established Bitcoin trading marketplace. Reviews Write a review David Renshaw - December 4, I got scammed of 6 eth. The guy on the phone said one thing that makes me know they are the scammers.
He said If you think about it This wasn't the first time they have had this convo. This has happened with many customers with out a doubt. I wasn't extremely please, not pleasantly pleased, not pleased, think of the opposite of pleased and that's how I was. I tried my best to stay calm and collected with this turkey and after I told him btc is going to have to compensate me he hung up.
Their phone number and address are fakes and the only contact I would get after that was automated responses. Bla bla bla responses. I have an email from btc containing the info of btc markets customers and my details are on this email.
You need to stop taking what ever drugs your on. So people would deposit money to the wrong account. The list goes on, I read the reviews every now and then. Its so obvious they are writing the reviews. Yes mate you did, and it looks to me the same guy who hacked my computer also hacked your computer.
And all the other peeps this has happened to. I would love to know how many of us there are. I have had to watch this for two years. Andy Schurtz - September 28, Good trading experience I saw some bad reviews before I started to trade with them and I said to give it a try anyway. And what do you think? I am still doing it. In 2 days they were back into my bank account. It may have been some bad experiences for some people, but don't forget, we are all different in this world. Philomen - September 23, Straightforward and quick service, although you have to go through extensive security checks.
Aman Ashraf - September 23, Opening the account didn't take to long, you just have to know the requirements upload documents to verify your identification and the process is very simple.
Just did it with computer not phone, because I just send Bitcoin to a known wallet. They even called me about a technical question I had with them on the chat. Overall excellent service. Sophie Jacks - September 23, Also multiple payment options, can only recommend this site. Tim Lawrence - September 22, My trading was very fast and easy.
I'm newbie cryptocurrencies and I wasn't very sure how to buy it. BTC direct is connected to my wallet, so the process was seamless. I had no doubts during the trading process. Allan Cooper - September 22, Good trade monitoring system , steady payouts Julian - September 21, The platform works very fast and you also get a trainer to help you how to do it. It's good that they provide you with this cause there are not so many platforms that gives you a trainer to help you achieve more profit.
First you need to learn and after that to make the real money. Btw they charge for commissions as others but they are not so big, so it's worthy.
Carlo - April 18, All fixed. What happened? It was not BTC Markets' fault. I did not know that TenX the card were I put the ethers, uses smart contracts. Hence, although the transaction went through, BTC could not credited as they clearly stated on their website before doing the transfer because they do not operate with smart contacts.