How to navigate BTSE exchange: A beginners guide

Established in 2018, BTSE has quickly gained recognition as a trusted platform for its spot and derivatives offerings and commitment to developing quality trading products. With an extensive suite of products and services, BTSE crypto trading caters to both beginner and advanced-level traders.

BTSE is licensed in Lithuania and Liechtenstein and is obtaining licenses in several other European and Asian jurisdictions. The exchange complies with applicable laws and regulations to ensure a compliant and transparent trading environment. The licenses enable the digital asset exchange to expand its business presence into Europe and attract users globally. The platform’s licensing efforts demonstrate the firm’s unwavering commitment to regulatory compliance.

What Is BTSE?

The BTSE crypto trading exchange is part of the BTSE group, a blockchain company that deals with crypto payments, cryptocurrency trading, and infrastructure development. The crypto payments platform facilitates fiat and crypto payments and over-the-counter (OTC) services in over 50 major currencies. The exchange boasts over 200 listed cryptocurrencies and over 50 perpetual contracts, summing over $30 billion in monthly trading volumes.

The BTSE enterprise solutions arm deals with providing BTSE clients with the infrastructure for developing, operating, and scaling their own crypto exchanges. By leveraging their products, BTSE clients can access market liquidity, fiat onramps, derivative trading, payment gateways, wallets, and more. At the Fintech Awards 2022 by Entrepreneur Middle East magazine, BTSE received the “Best Crypto Trading Technology” award, underscoring its commitment to technological advancements in the industry.

Team and leadership

CEO Henry Liu

CEO Henry Liu is at the helm of the company, which has over 300 employees under his management. The BTSE CEO has worked in blockchain since 2016 and now leads the company’s strategy and business development efforts.

COO Jeff Mei

COO Jeff Mei leads global expansion and strategic operations. COO Jeff Mei has experience in finance, including being the head of international market strategies at Huobi Global.

BTSE offices can be found in Taipei, Singapore, and Dubai, and with planned expansions globally.

BTSE Earn

The BTSE Earn is an easy way to earn passive income on crypto assets. It offers up to 9% APY on USD-denominated stablecoins such as USDT and USDC, 4% APY on Bitcoin, and up to 26% APY on altcoins. These rates can go higher and vary depending on market conditions.

How does BTSE Earn work? BTSE Earn comprises four offerings: fixed savings, flexible savings, lending, and staking.

For fixed savings, interest is paid out after the savings lock-up period expires. Early redemption results in the loss of accrued interest. Flexible savings allow you to redeem your savings anytime without losing interest; however, it offers a lower return than fixed savings.

Lending involves lending your assets to BTSE’s capital pool for guaranteed interest based on the asset you choose to lend. Like fixed deposits, interest pay-out is lost on early redemption.

BTSE saves you the hassle of staking directly on blockchains. By staking your crypto with BTSE exchange, you help secure the underlying network and earn interest in return.

Navigating the BTSE exchange

How to set up a BTSE crypto trading account

Visit the BTSE platform website at https://www.btse.com/en/home.
At the top right corner of the home page, click ‘Register.’
Note that you can also choose to sign up directly using your Google or Apple account options. Otherwise, enter the requested information, i.e., email, username, password, and referral code, if you have one.
Read and agree to the exchange’s terms and conditions, then click register.
On the next page select ‘Create a new BTSE account.’

You will then be prompted to set up 2-factor authentication, which is optional at this stage. 2FA adds another layer of security to your account.

How to deposit crypto on BTSE

From your home page ‘Click deposit now.’
Select the currency you want to deposit. You have the option to choose between Fiat, crypto, or stablecoins.
Select the network and deposit method. In our example we deposit Ethereum on Abitrum One blockchain.

Click ‘Next.’
Click ‘Create address’ on the next page to generate your deposit address.
Initiate the transfer from the sender’s wallet using the generated QR code or wallet address.
Confirm the withdrawal from the sender’s wallet.
You should receive an email when the deposit arrives in your account.

How to deposit fiat on BTSE’s platform

To deposit fiat into BTSE, you must first complete KYC at https://www.btse.com/en/account/verification. The verification process will entail processing and verifying your identity card, mobile number, and proof of address. You will also be required to state your source of funds.

From your BTSE dashboard, click ‘deposit now’ and select the Fiat option.
Select the payment method.
For SEPA bank transfer:
1. Note down the BTSE transaction number on the deposit/ remittance details.
2. Click ‘Deposit.’
3. Select ‘Bank Transfer (SEPA)’. The option will guide you through the deposit process.

For SWIFT bank transfer:
1. Select the “Bank Transfer (SWIFT)” option. The option will guide you on how to complete the deposit.

For wire deposit:
1. Fill in the required bank details. Double-check the ‘reference code’ and ‘transaction number’ to ensure they are correct.
2. Click ‘Submit’ to send the details to your bank for processing.

How to buy crypto on BTSE

At the top of the page, navigate to the ‘Trade’ tab, and on the drop-down list, select ‘Spot.’

Select the trading pair you want to trade at the top right of the trading panel.

On the right side of the page, set the price and the amount of crypto you intend to buy. You can also set a market order to buy at the prevailing price.
Click ‘Buy order.’

How to sell crypto on BTSE’s platform

At the top of the page, navigate to the ‘Trade’ tab, and on the drop-down list, select ‘Spot.’
Select the trading pair you want to trade at the top right of the trading panel.
On the right side of the page, select the sell tab and set the price and the amount of crypto you intend to buy. You can also set a market order to sell at the prevailing price.

Click ‘Sell order.’

How to withdraw crypto from BTSE

At the top left of the page, select ‘Wallets,’ in the drop-down menu, select ‘Withdraw.’
Select the cryptocurrency you want to withdraw.
Enter the amount of crypto and the destination wallet address.
Click ‘Withdraw.’

BTSE has different crypto withdrawal limits based on your KYC (Identity Verification) level. The daily withdrawal quota starts at 00:00:00 UTC and resets at 23:59:59 UTC. It is also important to note that internal BTSE crypto transfers (Send to) do not incur any fees.

Trading BTSE futures

BTSE offers over 50 futures contracts with up to 100x leverage. The products also incorporate bots, which you can customize or copy to make trades under pre-determined conditions.

Futures trading allows traders to bet on the future price of a cryptocurrency. It enables traders to speculate on future price movements of a cryptocurrency without actually owning it. A trader can enter a futures buy contract when they expect the price to increase and profit when it does. Conversely, they can enter a futures sell contract when they anticipate the price to drop and profit when it does.

Traders with the BTSE app can enable margin call notifications whenever they are close to being liquidated—this range could be as high as 25% and as low as 15%.

To make a futures trade:

At the top of the page, navigate to the ‘Trade’ tab, and on the drop-down list, select ‘Futures.’

Select the crypto contract you want to buy/sell (long/ short) at the top right of the trading panel.

On the right side of the page, set the margin, order price, and the amount of crypto you intend to trade. You can also set ‘Take profit’ and ‘Stop loss’ levels.

Click ‘ Buy/Long’ to buy or ‘Sell/Short ’ to sell and submit your order.

BTSE fees explained

BTSE trading fees are tiered in VIP levels and are designed to reward higher-volume traders.

The tiers are assigned depending on the 30-day trading volume. The higher the trading volume, the higher the VIP level, and the higher the fee discount.

Futures trading fees are generally less than spot trading fees as outlined in the following tables.

How safe is BTSE?

Over 90% of customer assets are stored in cold wallets to keep customer funds safe. This means the funds are stored offline, immune to online exploits by bad actors. The exchange also states that they have a multi-million dollar insurance fund to compensate users in the event of a hack.

BTSE is a full package. Instead of relying on third-party infrastructure, it uses its own team and, through BTSE enterprise solutions, offers the technology and infrastructure services to other BTSE clients. The in-house team allows the team tighter control over security and minimizes external risks.

Moreover, BTSE demands that users set up two-factor authentication (2FA) and Know Your Customer (KYC) verification. 2FA provides verification and approval codes for critical account actions like log-ins and withdrawals. By verifying each user’s identity, KYC Verification helps prevent fraud and money laundering.

BTSE referral and VIP program

BTSE offers one of the most rewarding referral programs among other crypto exchanges, offering a 25% commission on trading fees incurred by their referrals. With zero caps on profits and no tiered reward system, the rewards are paid out daily. The more your friends trade, the more you earn. To date, the program has paid out over $28 million.

You can participate in the referral program in three simple steps:

Log in to your account, navigate to the ‘Referral Program’ page, and obtain your referral link, which is displayed at the top.
Invite friends to sign up on the exchange through your referral link.
Earn 25% of trading fees incurred by the referred friends.

BTSE has incorporated a tiered VIP program to reward loyalty based on the total volume of trades made in the last 30 days. Benefits include discounted fees, a dedicated VIP manager, premium gifts and rewards, increased API rate limits, and business-class trips to crypto events. VIP 1 traders, for instance, pay 0.15% maker fees, while VIP 10 traders pay 0.005%.