BTSE: A Spot & Futures Exchange rivaled by no other
BTSE

BTSE: A Spot & Futures Exchange rivaled by no other

By AxelWogel | Axel's writings | 6 Apr 2020


Having first noticed BTSE while looking for an alternative futures exchange to Bitmex, I had quickly brushed it over, as it was recently launched, and in the crypto-space that’s usually a sign to give something time before trying/investing in a product or service on your own. Notice began to take place upon seeing a plethora of new products being launched, including one no other exchange had offered until then; it was Monero futures. Fast forward to this present moment and BTSE has been a favorite place to buy, sell, and trade cryptocurrency for myself as well as other users that I’ve spoken with.

BTSE exchange (pronounced “Bitsie”) aims to be an all-in-one gateway between the fiat and crypto financial spaces; it does just that. While some futures exchanges offer a multi-deposit option, these usually get limited in some form or another. Most of the time it limits the user to only trade as well as settle in the currency which they deposited their original collateral in. Aiming to make convenience a main priority, this exchange has provided with us, the traders, the ability to deposit in multiple currencies but also trade\settle, in and with, all other accepted assets on the site - these assets include Bitcoin, Ethereum, Litecoin, Monero, USDT, USDC, TUSD as well as a wide variety of Fiat currencies. An invaluable feature only that is only seen on this exchange. Did I mention there’s no KYC and 24/7 withdrawals?

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While there is a wide variety of different exchanges offering margin-trading on spot or futures, it’s few and far between that you’re able to trade both on the same platform. Traders will feel comfortable navigating their way around BTSE’s UI for the spot market. With your usual Limit and Market orders available, as well as Stop and Take Profit options, you will find you can trade Bitcoin, BTSE Token, USDT, Ethereum, Litecoin, and Monero. It sounds like a vast array of options compared to the competition, and it gets better. Competitive fees are just another pearl found in this illustrious oyster. I had first thought providing the fee’s for you here would be a sound example of what I am describing, though they can easily be spotted once navigating to BTSE’s website.

For Futures traders, the options become even more expansive. Providing a multitude of instruments to trade, including perpetual swap contracts and futures - thus allowing for hedge positions. With that being said, users are given the option to choose between both cross and isolated margin, with up to 100x leverage. A particular favorite of mine, the isolated margin for when the brains just not willing to do the work. A tool that just makes trading multiple instruments that much simpler. Pairs provided to trade contain all currencies available on the spot market are also available to trade with both perpetual swaps and futures, alongside an index for Bitcoin and Altcoins. Maker and Taker fees are below the industry average and become even sweeter for those who hold BTSE token in their account.

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Alongside it’s trading products, BTSE has developed their own native token, which is issued on the liquid network - a sidechain enabled settlement network built on top of Bitcoin. Once again, a first seen in the space and a gift to active futures traders who haven’t had a decent option to mitigate fees for heavy use of a product or broker, other than referral programs. Users are granted both rewards for holding BTSE token and are able to purchase products or services with BTSE. Having these benefits also grants traders increased limits and rebates, as well as an option to use their holdings as collateral on futures positions. With an active Roadmap of new products and services on the Horizon, and it’s industry-leading products, services, and convenience, there’s no reason not to test the waters yourself. Rest assured, you will find it the most brilliant place you have traded to date.

 

Start trading on BTSE today! 

 

 

 

 


AxelWogel
AxelWogel

https://www.btse.com/axel |||||| https://twitter.com/AxelWogel


Axel's writings
Axel's writings

Musings of a mad man

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