Btcmarkets Reviews
(Rated by 5 users)
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Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
Overall Rating
4.2
Base on 5 Reviews
Ratings by Feature
Ratings by Feature
- Good Value4.5
- Shipping & Delivery4.7
- Price & Quality4.0
- Return Policy4.0
- Customer Service4.5
Recent Customer Reviews (5)
Beverly Mabe
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Arthur Mendoza
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Charlie Cooke
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Joana Strong
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Eugène Beaulé
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Btcmarkets Pros & Cons
Pros
1
Low trading fees with maker fees around 0.05% and taker fees about 0.2%.
2
No deposit fees and no withdrawal fees on cash withdrawals; modest charges apply for cryptocurrency withdrawals.
3
User-friendly platform with simple buy/sell options, advanced order types (limit, market, stop limit), and portfolio tracking features.
4
Strong security measures, including multiple layers of account security such as two-factor authentication (2FA), address whitelisting, biometrics, and multi-signature wallet technology.
5
Fast trade execution with industry-leading uptime of 99.99%.
6
100% Australian-based custody of assets, providing local regulatory compliance and support.
7
Offers a mobile app for trading on the go and a dedicated VIP program with account managers for high-volume traders.
8
Enhanced Security & Compliance: Transactions undergo thorough verification to prevent scams; adherence to stringent regulatory standards fosters a safer crypto environment in Australia.
9
Safe Fiat Transfers: Facilitates secure movement of fiat currency without direct peer-to-peer transfers, reducing risks such as account closures or criminal investigations.
10
Dedicated Customer Support Team ready to assist with any suspicious activity or issues related to scams or fraud attempts.
11
Market Liquidity & Accessibility: Having facilitated over AU$25 billion worth of trades, it offers significant liquidity which benefits traders by enabling smoother transactions.
12
Transparency & Real-Time Updates (via Bitcoin features): Users can track transactions in real-time through wallet interfaces that show payment status from initiation through confirmation on the blockchain.
CONS
1
Supports only 6 large-cap cryptocurrencies or up to 23 coins total—limited compared to other exchanges offering hundreds of coins.
2
Only supports the Australian Dollar (AUD) as fiat currency; cash withdrawals are limited to Australia-based bank accounts.
3
Does not offer margin or leverage trading options.
4
Lacks investment tools such as NFTs or DeFi products.
5
Does not allow paying transaction charges using cryptocurrency.
6
Recommended to store funds in third-party wallets rather than keeping them long-term on the exchange.
Btcmarkets Features and Benefits
Features
Low trading fees
Maker fees around 0.05% and taker fees about 0.2%, tiered by 30-day volume (e.g., 0.70% for $9,000-$18,000, decreasing to 0.65% for higher volumes), with lower rates via VIP programs.
No deposit fees
No charges for deposits, including via Osko PayID and card payments that credit wallets quickly.
No withdrawal fees on cash
Free cash withdrawals to Australia-based bank accounts.
Modest cryptocurrency withdrawal fees
Low charges apply only for cryptocurrency withdrawals.
User-friendly platform
Simple buy/sell options, advanced order types (limit, market, stop limit), portfolio tracking, suitable for beginners and intermediate users.
Strong security measures
Multiple layers including two-factor authentication (2FA), address whitelisting, biometrics, multi-signature wallet technology, cold/hot wallets, ensuring protection against breaches.
Fast trade execution
Industry-leading 99.99% uptime for reliable and quick trades.
100% Australian-based custody
Local regulatory compliance, asset custody, and dedicated customer support.
Mobile app
Enables trading on the go.
VIP program
Dedicated account managers for high-volume traders with potentially lower fees.
Established since 2013
Long-standing trusted platform with strong reputation for security and reliability.
Customer support
Extensive online resources, FAQs, ticketing system, and assistance for issues like scams or fraud.
High market liquidity
Over AU$25 billion in trades facilitated, enabling smoother transactions.
Real-time transaction tracking
Track payments from initiation through blockchain confirmation via wallet interfaces.
Safe fiat transfers
Secure AUD deposits/withdrawals without peer-to-peer risks, reducing account closure or investigation issues.