Our editorial staff evaluates products and services independently, but Top Ten Reviews may earn money when you click on links. Learn More


BTC Markets Review

BTC Markets lets you buy and sell Litecoins as well as bitcoins on the exchange. It is usable only with the Australian dollar and lets you buy and sell bitcoins or Litecoins but no other cryptocurrencies.

Verified accounts are one measure that adds to the security of this bitcoin exchange by using your driver's license and passport and possible additional verification to provide proof of your identity. Without proof of your identity, your account is withdrawn. While this might sound like a strict security measure, it helps protect other traders and their accounts. When buying or selling, you can place a limit order in the order book that waits until a matching order becomes available.

BTC Markets Visit Site

The exchange recommends that after you buy bitcoins, you place them in your personal wallet such as Blockchain. There are also links to download personal wallets if you prefer to manage your own instead of using a third-party service.

Fees, based on volume, range from 0.1 to .85 percent. There are no fees for withdrawals or deposit fees for cryptocurrencies or your fiat currency. This exchange only deals the Australian currency, bitcoin and Litecoin. This may be a consideration if you are looking for a wider range of cryptocurrencies or wish to have more options to buy, sell and trade.

Security is important when dealing with an exchange to buy and sell bitcoin. This exchange uses a strict verification standard for clients. In addition, it uses a digital two-factor authentication method. A signature key, which is always private, produces a number sequence that only the individual signing in can use. The signature key, in turn, produces the verification key, which is the key seen by the public. In this way, it is difficult for someone to access the individual's account.

While this exchange to buy bitcoin is not one of the largest, it has a trading volume of about 2,437 bitcoins. Also, you can cancel a sale at any time before it trades, or even if an order has a partial match. Support is through email in the event you have questions or cannot get into your account. You can also attach a file if necessary.

BTC Markets provides an exchange that deals in the Australian dollar, bitcoins and Litecoins. It charges fees to buy and sell bitcoin and Litecoin based on volume and uses two-factor authentication as a security feature.

BTC Markets Visit Site