What documents do I need for opening an account with BCTEX?5. the site has its proprietary AT token, which is beneficial for trading;.

Overall.

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. The BCTEX Global is the first combined online and physical exchange in US, has announced its plans for US's first one-stop trading platform for NFT (Non-Fungible Token) digital artwork. Scheduled to open in the third quarter of this year, it will be the first digital asset exchange in US built on blockchain technology offering an NFT trading platform..

However, for traders looking to take advantage of even lower fees, BCTEX has implemented a 10-tier VIP program. This program rewards users with fee reductions based on their trading volume and BCTEX token holdings. For example, the VIP program can reduce futures fees down for maker orders and for taker orders, while spot trading fees can be reduced for maker orders and for taker orders...

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..

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