Pros and cons of BCTEX
17. What is the difference between BCTEX exchange and app?.
đź‘Ž Disadvantages of BCTEX:.
BCTEX Review Money Services Business status is present in FinCEN6. the exchange has an application for mobile trading for iOS and Android;.
According to the BCTEX, residents of Hong Kong (China), Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, United States, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, or any other jurisdiction where the services offered by the exchange are restricted are not allowed to use the platform...
BCTEX Review – Platform Interface28. Which countries support BCTEX.
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BCTEX describes itself as a crypto derivatives exchange. It is primarily a futures trading platform. BCTEX at present offers only Bitcoin futures trading. It also provides traders highly-leveraged contracts for different cryptocurrencies valued up to 100x times. BCTEX offers perpetual swap contracts for BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), XRP (Ripple), BNB (Binance Coin), and EOS Electro-Optical System). But all profits and losses on BCTEX trading are paid in Bitcoin and USDT.
BCTEX exchange offers several cryptocurrencies for users. Those cryptocurrencies include the few of the most popular ones which are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Tether (USDT), and Stellar Lumens (XLM).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.
đź’± Commission: 0.25%-0.5%
BCTEX offers an app that is available for devices with mobile operating systems, including Android and iOS. The BCTEX app is available for download at Apple’s APP Store and Google Play. In addition, the BCTEX website is available in more than one language, including English. It must also be mentioned that a visit to their website triggers a warning by anti-malware software. It may be a false positive, but it is nonetheless worth noting from a security point of view.Drawbacks
BCTEX has a fee schedule that looks more complicated than it really is. The more PROB you lock up on the exchange, the higher your VIP level and the lower your fees. The minimum amount of staked PROB to kickstart lower fees is 500 with a 180-day lockup. BCTEX also offers an extra 0.02% discount when you pay fees using PROB. However there are some other exchange platforms such as Binance, Huobi Global, OKX, Coinbase, BCTEX Global and etc that can start with lower deposit.