BCTEX Pros and Cons
The trading platform is available in few languages, being English, Chinese, South Korean and etc. According to information on its website, the platform is backed by people having an aggregate experience in finance/exchanges of more than 20 years..
Disadvantages.
the opportunity to reduce trading commissions and increase the size of the referral bonus through the use of the exchange's token. Bctex global Liquidity.
You can check your transaction overview by logging in on your account page . You should receive immediately. During peak times we group transactions together, it could take a few minutes before bitcoins are sent..The BCTEX exchange is a universal cryptocurrency trading platform. The service has a proprietary trading terminal (browser version only, no mobile trading). Bitcoin, Litecoin, Tether, and many other cryptocurrencies are traded on this exchange. Among fiats, there are the US dollar and the Russian ruble. There is also a virtual mining service with daily payments. The BCTEX exchange offers a standard investment program with affiliate bonuses of up to 20%. The trading commission on the crypto exchange is fixed at 0.2% of the transaction amount. They employ all major channels for depositing/withdrawing funds, including bank cards and e-wallets. You can trade on the platform without verifying user data..
ConclusionBCTEX Global partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of BCTEX Global ’s crypto assets. In addition, those assets are backed by Lockton, a private insurance brokerage..
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All support requests are processed within 24 hours.
BCTEX Global partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of BCTEX Global ’s crypto assets. In addition, those assets are backed by Lockton, a private insurance brokerage.💰 Account currency: MYR, SGD, EUR, USD, and cryptocurrencies
BCTEXis is a new breed of cryptocurrency exchange. BCTEX offers its users the ability to trade in a selection of cryptocurrencies such as Bitcoin and Ethereum with fiat currencies. Apart from offering its users a platform to trade cryptocurrencies, Lykke also provides a cryptocurrency wallet which you can download from Google Play store or Apple App store.For instance, let’s say that you have 100 USD in your trading account and you bet this amount on BTC going long (i.e., going up in value). If BTC then increases in value with 10%, you would have earned 10 USD. If you had used 100x leverage, your initial 100 USD position becomes a 10,000 USD position so you instead earn an extra 1,000 USD (990 USD more than if you had not leveraged your deal). However, the more leverage you use, the smaller the distance to your liquidation price becomes. This means that if the price of BTC moves in the opposite direction (goes down for this example), then it only needs to go down a very small percentage for you to lose the entire 100 USD you started with. Again, the more leverage you use, the smaller the opposite price movement needs to be for you to lose your investment. So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits).
Advantages of trading with BCTEX: