BTC Markets is owned by Jarrod Crane and William Graham who have been relatively forthright about how the exchange operates, and the office location in Melbourne, Australia, is public knowledge. BTC Markets is a legitimate operation with a transparent management team. Less is known about the solvency of BTC Markets. BTC Markets, Melbourne, Victoria, Australia. 12K likes. BTC Markets is Australia's largest cryptocurrency and digital asset exchange. Founded in , it is . BTC Markets is Australia's largest, most liquid, and most reliable digital asset exchange. Founded in , it is trusted by over , verified Australians who've traded over $bn with us.
Btc markets contact detailsBTC Markets - Reviews - Bitcoin Exchange - 24crypto.de
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. Do some research on wallets and get educated on how to manage your wallets.
Though relatively new to the market and only available in Australia, BTC Markets is a powerful platform with good desktop usability and security. Independent Reserve Review. Best Crypto Exchanges for Australia. James is the main editor. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He's responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible.
Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk. Their prices and performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.
Table of Contents hide. All Crypto Exchange Reviews. Market and limit orders are available on the buy and sell side.
The order book is conveniently placed below the trading slips, and two additional tabs, open orders and trade history, display the relevant information in a convenient format.
So basically, a very simple trading platform to exchange Australian Dollars and bitcoin. BTC Markets is not mobile friendly, though a trade could be made in a pinch with much difficulty. If you are not an Aussie and have somehow made it this far through the review, check out our best bitcoin exchange list for more appropriate alternatives.
Brokers in Australia can often offer better pricing than the exchanges. Check out our picks for the best Australian bitcoin brokers. Once you have done the initial trade, you can transfer your bitcoin anywhere and take advantage of international liquidity pools and, if you are so inclined, margin trading.
Bitfinex has the top spot market liquidity in the market, while Bitmex offers the highest leverages and lowest fees on spot and futures. BTC Markets is catered to the Australian bitcoin trader. The Australian bitcoin market suffers from a volume deficit. None of this matters. BTC Markets is the best exchange in Australia, and is investing now in the bitcoin industry in the hopes that the market will mature.
If and when the market matures, more investment can be made in the trading platform, and fees can be dropped. BTC markets should be supported by the local bitcoin community. BTC Markets is a great method for depositing and withdrawing fiat currency and exchanging to and from bitcoin without exchange or bank fees.
If continuing to trade with BTC Markets — or most exchanges for that matter — we would recommend storing your bitcoin in a professional wallet service. Open Account. Top Australian Exchange Decent fees, local depositing options.
Liquidity obviously an issue. Summary BTC Markets. Security Like all exchanges, two factor authentication is offered upon login to protect account entry. Gravitas BTC Markets is owned by Jarrod Crane and William Graham who have been relatively forthright about how the exchange operates, and the office location in Melbourne, Australia, is public knowledge.