BCTEX Pros and Cons
The BCTEX exchange is a platform for active trading in crypto-to-crypto pairs. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), TRX, EOS, and other cryptocurrencies and tokens are traded on the exchange. Trading commissions are initially fixed and for most assets, the fee is 0.1%. The commission can be reduced by keeping the CATT token (the platform proprietary coin) on your account. Also, the storage of CATT allows you to reduce the commission for withdrawing funds..
The platform claims to stand out from the competition due to deep liquidity for Bitcoin perpetuals, a professional trading dashboard, low trading fees, and no deposit or withdrawal fees. BCTEX offers futures and other derivatives, but for beginners, the functionality of the exchange can be complex. On top of that, BCTEX only does crypto-to-crypto trading without the possibility of depositing fiat.5. deposits into the site's coin base with lucrative bonuses;.
There are several features displayed on the homepage that might attract users, which are 2-factor authentication for security reasons, use of SegWit for blockchain size arrangements, BCTEXAPI for managing buying and selling options, and hardware storage of 95% of the client funds in offline multi-signature while having geographically distributed backups. For increasing security, BCTEXasks for valid identification such as an ID document and proof of address. It doesn’t allow for anonymity. It also suggests a security image special for each customer. Plus, BCTEX has its own mobile app, which makes it easier for its user to manage their accounts. There is no leveraged trading offered in the platform, so it s not for someone who is looking to trade CDFs. Also, there is no regulation. Payments with credit card, PayPal and cash deposits are not accepted..
.1. high-security level — protection of the mobile application with two-factor authentication and client funds’ storage in cold wallets;.
Benefits.
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If the individual has more than 10,000 followers on Instagram.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.
👎 Disadvantages of BCTEX:
3. Trading fees are lower than the market average;
💹 Margin Call / Stop Out: No
3. The option to share free fiat and crypto email payments is available.