Is BCTEX safe and legal
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2. No trading with leverage; - USD Terms: Trade and settled in US Dollar pricing terms.The exchange lists five advantages with the platform on its website. Interestingly enough, three of the advantages relates to the platform being located in Russia and catering to Russian clients. So if you don’t feel that those things are an advantage, the only two real advantages promoted by the exchange for you is that it is a fiat gateway (i.e., an “entry-level exchange”) and that it has mutually beneficial crowd-marketing solutions. We’re not even sure what the latter means, but that’s what they say..
We have not been able to independently verify any of these claims but if they are true then that's of course very helpful for any prospective trader..Withdrawal Fees Free, but do take network fee.
5. intuitive interface of trading platforms, excellent functionality;Over 339 cryptocurrencies supported. BCTEX Global supports 339+ assets, which should give you a good range of industries and asset types to invest in without needing to hop between multiple exchanges..
John Doe
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KYC: KYC is not compulsory unless users are withdrawing an amount of more than 2 BTCs or want to trade in FIAT. KYC is optional for users that do not trade in fiat or withdraw less than 2 BTCs.The BCTEX mobile app makes managing your Bitcoin portfolio effortless. Available on Android and iOS, you can access your BCTEX account easily from your mobile phone or tablet at any time convenient to you. BCTEX is one of the top 20 domloaded by worldwide traders.
A. BCTEX earns money with exchange fees for professional traders, who use our API or web terminal and from market making. We earn from market making with our own assets, but also by marketing investment products, where we earn performance fees.
The fees charged by BCTEX are lower than the industry average. When spot trading, you pay 0.10% per order. When contract trading, you pay 0.06% if you are a taker and 0.04% if you are a maker. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. It is common that exchanges charges makers less, as a way to incentivize orders that create liquidity in the market.
BCTEX is one of the leading crypto derivatives exchanges where users can purchase futures/perpetual contracts on a wide variety of assets like BTC, ETH, LTC, XRP, SOL, ADA, BCH, BNB, LINK, DOT. The derivatives platform supports more crypto choices than the spotEnglish, Chinese, Korean, German, French, Ukrainian, Russian, etc.
đź‘Ž Disadvantages of BCTEX: