BTSE Token (BTSE) is the 477th largest cryptocurrency by market cap, valued at US$90,057,594.
BTSE Token is a highly volatile asset capable of major price swings in a single day. Today BTSE is trading for $0.55595 USD, which is higher than yesterday's trading price of $0.5536467741 USD. Over the past year, BTSE Token's price has seen a decrease of -74%.
So before you buy BTSE Token, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy BTSE Token.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy BTSE Token in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy BTSE Token is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy BTSE Token
You can now exchange your funds for BTSE Token. On beginner-friendly exchanges, this is as simple as entering the AUD or BTSE amount you want to purchase and clicking "buy".
Secure your BTSE Token
Consider transferring your BTSE to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy BTSE Token in
Australia
Find an exchange to buy, sell and trade BTSE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this BTSE Token guide up-to-date
BTSE price data is regularly updated through data feeds so you always have the latest information.
What is BTSE Token?
BTSE was launched in May 2020 and is the first exchange token to be built on Liquid, a Bitcoin sidechain and layer-2 solution that focuses on confidential settlement and asset issuance. Thanks to the privacy offered by Liquid, all BTSE transaction details are hidden, including the transactional amount of the type of asset traded. Liquid also allows the exchange to offer extremely fast transaction speeds while utilising the security of Bitcoin. A new block in the Liquid sidechain is produced every minute and each transaction is finalised within three minutes.
According to BTSE's website, the exchange was developed to bring confidentiality, efficiency, and stability to the cryptocurrency trading landscape. Leveraging confidential and quick transactions, the exchange offers users the ability to easily convert fiat to crypto and trade over 98 different cryptocurrency assets and derivatives, including futures contracts. Over 99% of the exchange's funds are stored offline in cold storage wallets and traders can access up to 100x worth of leverage.
The native token of the exchange is also known as BTSE. The BTSE token power the entire exchange ecosystem and claims to be the first exchange token built on a Bitcoin sidechain. BTSE token holders can enjoy trading fee discounts, earn extra rewards, access higher limits and rebates, and spend the token to access platform services.
How do I find the best places to buy BTSE Token?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy BTSE Token?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading BTSE Token.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BTSE with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy BTSE Token?
Once you've created an account, you will need to deposit funds to buy BTSE with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy BTSE:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase BTSE by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BTSE on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy BTSE Token?
The easiest way to buy BTSE is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying BTSE, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of BTSE Token has been performing recently.
Best BTSE Token wallets to store your BTSE
You can keep your BTSE on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BTSE below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is BTSE Token a good investment?
Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of BTSE may want to consider the following:
Low and negative fee mechanism: The fees charged by the exchange are below the average of most centralised exchanges on the market. Working on a maker/taker system, spot trading fees start from 0.12%, while futures contract fees start from 0.04%. Interestingly all market 'makers' within the futures contract order book are actually paid to trade. Futures contract market makers are charged -0.01% meaning that BTSE pays them to create liquidity. It is one of the only exchanges to offer negative maker fees. Holding the native BTSE token helps to reduce trading fees even further. The low fees offered by BTSE could be extremely attractive to both spot and futures market traders.
Token supply: There is a maximum capped supply of 200 million BTSE tokens. No more BTSE tokens will ever be entered into supply. While the token does not yet have an active burn mechanism, the exchange has so far burned approximately 38 million, which were not sold during a private sale. The circulating supply of BTSE has been split between the Liquid sidechain and the Ethereum blockchain.
Competition:The BTSE exchange has entered a heavily saturated section of the cryptocurrency industry. There are now hundreds of cryptocurrency exchanges competing to secure market participation. BTSE will need to compete with Binance, Crypto.com, KuCoin, Coinbase, and FTX, which all offer both spot and futures market trading. Many offer above and beyond what BTSE is offering so future investors need to be sure that the exchange will be able to compete in the future.
Today's BTSE Token price versus ATH
Compare today's price of BTSE Token ($0.55595 USD) against its all-time-high price of $9.21 USD on 23 March 2022. The closer the bar is to 100%, the closer BTSE is to reaching its ATH again.
BTSE Token's price: $0.55595 USD ATH date: March 23, 2022
6.04%
BTSE Token ATH: $9.21 USD
How to trade, convert or sell BTSE Token
You can convert or sell your BTSE with the same exchange you bought it through:
Sign in to the exchange you have BTSE on.
If you store your BTSE Token in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of BTSE you'd like to convert or sell.
Confirm the sell price and fees and close your sale of BTSE Token.
Complete your transaction and move your BTSE to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including BTSE Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BTSE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BTSE Token or any other cryptocurrency discussed.
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