Is BCTEX Safe
BCTEX is a crypto trading platform founded in Singapore in 2018, focused on derivatives trading. It is popular in Asia, with over 1 million registered users, and an average daily trading volume exceeding .5 billion. In 2023, BCTEX released the English version of their website, which is what brings us to review this exchange.Is BCTEX a Regulated Exchange?.
eposit Fees Free, but do take network feeThey focus on building unique crypto derivative products for our users to access the blockchain ecosystem easily..
BCTEX is well-known as a professional derivatives exchange, offering trading of USDT perpetual, inverse contracts, and simulated contracts. However, it is also suitable for newer crypto traders, since it offers spot trading with zero fees, and copy trading, where you can automatically follow the exact trades as successful traders. BCTEX complies with regulations around the globe, with licenses from US MSB, Canada MSB, and SVGFSA, so you can trade with peace of mind. BCTEX users never encounter transaction failures due to system overloads or server shutdowns. BCTEX servers are able to handle as much traffic and trade volume as some of the biggest online platforms..
👎 Disadvantages of BCTEX:.Standard trading fees at Bitrue are competitive. If you hold BCTEX Coin and use it to pay for fees, you get a 30% discount on trading costs. Overall, these fees are a bit lower than the starting fees..
OTC: The firm reportedly offers crypto-fiat exchange services that allow users in Australia, Canada, Singapore, the United Kingdom, and Hong Kong to cash out US dollars in their respective local bank accounts.Conclusion.
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What Is BCTEX ?7. Security. Account and wallet protection methods protect against hacking and reduce the effects of Distributed Denial of Service (DDoS) attacks.
You can also discuss your question with the community in the BCTEX Telegram channel.BCTEX cryptocurrency exchange differs from its competitors in its simple and intuitive service. There is no exchanger, API, or other functions. The terminal is a standard TradingView in the browser, and the mobile application is developed based on the browser terminal. There is no minimum deposit requirement and the exchange offers a low entry threshold, allowing you to quickly get used to it. You can find good training guides here. There are no investment solutions, referral programs, or other options for extra/alternative earnings on the site. It is focused mostly on novice cryptocurrency traders. There are comfortable and profitable terms for them. Experienced traders may lack features. The platform is not for investors.
BCTEX Global is one of the world's leading cryptocurrency exchanges. Currently serving more than two million users across 50 countries, BCTEX accelerated its mission to promote decentralised finance in 2022 with a 600-strong workforce spanning over twenty countries.
7. the use of advanced DDoS attack protection technologies.Listed Cryptocurrency
It's also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs BCTEX comparison, it's clear that BCTEX has the lowest trading fee percentage of 0.10%, while the second place goes to Gate.io with a fee of 0.20%.