BTSE Promo Code – Deposit Bonus

BTSE bonus FAQ

Receiving the deposit bonus

Do i need to enter a BTSE bonus code or coupon to use the BTSE bonus?

It works without the use of promo codes.

How do I receive the bonus without a bonus code?

Click on one of the links in this article and make a deposit, simple as that!

How much bonus do I get?

$25

What kind of bonus is this?

It is a deposit bonus.

>> Click here to get your Bonus on BTSE <<

BTSE bonus requirements

Is there a minimum deposit required?

Yes, $100.

How long is this bonus valid?

From 10 Nov 2020 at 09:00:00 UTC to 31 Dec 2020 at 23:59:59 UTC.

Is this for new customers only?

No, it works for new AND existing customers.

How do I have to make the deposit?

The deposit has to be made ONLY via SWIFT.

Are there other requirements?

Yes, you have to be over 18 years old and must provide

• your name,
• phone number,
• e-mail and your
• address.

Will the bonus be granted more than once?

Yes.

>> Click here to get your Bonus on BTSE <<

Further questions about the bonus, coupon or promo code

Does BTSE have a no deposit bonus code?

No, you have to make a deposit to get a bonus.

Are there other promotions?

No, currently not.

>> Click here to get your Bonus on BTSE <<

More info about BTSE

BTSE is a crypto-currency derivatives exchange that was launched in 2018 as a platform designed to link traditional trust markets with multi-currency derivatives and a spot exchange.

The platform is managed by a team of experts led by CEO Jonathan Leong, co-founder Brian Wong, COO Joshua Soh and CTO Yew Chong Quak. Together, the executive team brings extensive experience in the financial technology and systems infrastructure industries and have expertise in working with high-speed trading platforms.

Based in Dubai, BTSE is licensed by the Dubai Government’s Economic Development Department and operates under regulations set by the United Arab Emirates Central Bank. As a regulated platform, BTSE can offer trading services for both crypto and fiduciary currencies.

Designed to act as an interface between the traditional economy and the crypto economy, BTSE has a wide range of cryptographic futures products, including several indices. BTSE regularly reviews the market to meet user demand and has recently become one of the first futures exchanges in the world to offer XMR futures.

The BTSE spot trading platform typically has a daily volume of well over $10 million, with most of that volume attributed to its BTC/USD pair. This number is low as other trading platforms such as Kraken and Bitfinex reach close to $100 million in 24-hour volume on BTC/USD. That said, BTSE is much more popular with its Bitcoin Perpetual Contracts regularly reaching over $50 million in 24-hour volume, while its Ethereum Perpetual Contracts see around $2 million each day. However, some of its less popular futures are limited in volume, including the recently released XMRZ19 and XMRH20 futures, which are almost non-existent.

Trading Experience

• Getting around on BTSE is a relatively simple task, as most of the platform can be accessed from the main menu.
• Both the spot and futures trading platforms have all the tools you would expect for advanced trading, including extensive charting tools and a wide variety of order options, such as stop and take profit orders, trailing stops and index orders.
• Being a regulated trading platform, BTSE requires all users looking to deposit/exchange fiat to complete KYC verification.
• Currently, BTSE’s two main competitors, BitMEX and Deribit do not have any KYC requirements (at this time), but also do not offer trust trading options.

That said, unverified customers can deposit Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Monero (XMR), plus three different stablecoins -Tether (USDT), True USD (TUSD) and USD Coin (USDC). Verified customers can deposit any of these crypto currencies, plus nine different fiduciary currencies, including USD, EUR, GBP and CNY. BTSE also offers a direct conversion tool between USDC, TUSD, and USD, charging only 0.3% to convert these stablecoins to fiat.

The BTSE testnet

For those with less experience in their trading skills, or simply looking to test the features before risking real money, BTSE offers a test trading platform called testnet, which uses fake money to test the market. To use this platform you must register again, as real money and the test platform are technically separate platforms.

Overall, the BTSE trading platform is much more intuitive to use than BitMEX, but is slightly less accessible than Deribit, which is widely regarded as one of the easiest futures trading platforms for beginners.

BTSE contracts

BTSE divides its trading platform into two parts: the spot market and the futures market. For the spot market, BTSE offers a total of 11 markets, five of which are standard trading pairs, while the remaining six are indices. The standard markets include BTC/USD, USDT/USD and ETH/USD, while BTSE also offers a BTC, ETH, LTC and XMR index.

Beyond this, BTSE is one of the few exchanges that offer basketball indices, in this case, the BTSE 5 and BNC-BTSE (BBCX) composite indices. On the BTSE futures exchange, clients can choose from nearly two dozen different futures contracts, including those of the BTC, ETH, LTC, USDT, XMR and BBCX.

All available futures have an expiration range, while BTC, ETH, LTC, and USDT also have a perpetual contract option. In line with the industry standard, these can be traded with a leverage of up to 100x, or an initial margin as low as 1%.

Trading Limits

As for trading limits, BTSE sets the minimum spot trade size at 0.002 BTC, 10 USDT, 0.05 ETH, 0.05 LTC and 0.05 XMR, while the maximum is set at 2,000 BTC, 100,000 USDT, 5,000 ETH, 5,000 LTC and 1,000 XMR.

For futures, BTSE sets a minimum order size of 1 contract, while the maximum order size is set at 50,000 contracts for BTC futures, 200,000 for BBCX and 100,000 for all others. Overall, BTSE offers one of the largest selections of crypto currency futures in the industry, with a wider variety than its two main competitors, BitMEX and Deribit. However, its spot trading platform lacks the variety necessary to compete with major spot exchanges such as Binance and Coinbase.

BTSE Rates

BTSE uses different rate structures for its spot and futures trading platforms. For spot trading, BTSE uses the industry standard maker/taker fee model, where takers charge more than makers. For accounts trading less than 100 BTC per month, the maker’s fee is 0.05%, while the taker’s fee is 0.1%.

Larger accounts benefit from a reduction of up to 80% in maker fees and 70% in taker fees, reducing them to only 0.01% and 0.03% respectively for VIP VII accounts. Volume commission discounts begin for those trading above 100 BTC for a period of 30 days, while clients trading over 100,000 BTC in this time period will receive the maximum commission discount.

Perpetual futures and time futures have a 0% maker rate, while the taker rate is a fixed 0.06%, regardless of the market. Generally, BTSE does not provide any additional discount for high volume traders, although large market makers may also be eligible for the BTSE Market Makers Program.

Compared to the competition, these rates are roughly the industry standard, with maker rates that are generally higher than BitMEX and Deribit’s, while their taker rates are lower than their two competitors. BTSE uses the following calculation for its funding rates: (Digital Target Currency Interest – USD Interest) / 365 days a year / 3 times a day

The result of this can be used to calculate the trading commission, using the following calculation: Entry price (contract price per BTC) x Contract multiplier x Order size x Financing rate.

Although the platform does not charge a deposit fee, it does charge for withdrawals. Stablecoins can be withdrawn for less than 1.1 USDT/TUSD/USDC each, while the Bitcoin withdrawal fee is 0.0005 BTC. In addition, fiat withdrawals are charged at 0.09%, with a minimum fee of $25.

Security and Trust

BTSE has been praised in the industry for its efforts to bring institutional-grade security to everyday investors. The platform is a licensed entity and consists of two registered companies, BTSE Commercial Brokers LLC (814684) and BTSE Payment Service Providers LLC (814678). The company has also recently applied for a Class 4 crypto currency exchange license from the VFAA (Virtual Financial Assets Act) of the Republic of Malta.

As a regulated platform, BTSE can be held liable for its failures, unlike most other exchanges. The team behind the platform also has experience with trading platforms and has worked with companies such as Goldman Sachs, IBM and SingTel. Because of this, it is clear that BTSE will do everything in its power to avoid being compromised.

As for optional security options, BTSE supports Google Authenticator as a two-factor authentication system. After setting up 2FA, Google Authenticator must be used to access, withdraw funds, and change API keys. Users also have the option of establishing a list of trusted IP addresses and only attempts to access the platform from these IPs will be allowed, making it virtually impossible to compromise the account.

In addition to this, BTSE also has a number of back-end security features to help ensure that user data and funds remain secure at all times. The exchange claims to keep 100% of users’ funds in offline (cold storage) wallets, which can only be accessed by multiple passwords.

The BTSE is also one of the few self-hosting exchange platforms, which means you don’t have to worry about lax third-party security that could lead to a data breach.