Exceeded

Score

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/10

BTF PRO

China

|

1-2 years

MSB License|

Suspicious Overrun|

High potential risk

https://btfprop.com/#/home

Website

Rating Index
Contact
BTF PRO
https://btfprop.com/#/home
Influence
E

Licenses

FinCEN

FinCENExceeded

MSB License

WikiBit Risk Alerts

2
Previous Detection 2024-05-27

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000232632701), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

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New Arrival

Company Name
BTF PRO
Regulatory Status
Exceeded
Company Abbreviation
BTF PRO
Platform registered country and region
China
Phone of the company
--

User Reviews

More

7 ratings

Participate in evaluation
HowardLow4
BTF Pro is really lacking when it comes to liquidity. Ridiculous waiting periods to buy or sell. Not impressed!
2023-12-22 07:01
6
FX1128673387
The transaction fees of BTF PRO are too high and are completely unsuitable for small investors. Moreover, the liquidity is very poor, and it is often inconvenient to buy and sell, which is really disappointing.
2023-11-24 14:00
2
355188
BTF PRO sucks! Security in the management systems department is extremely poor, and the regulations are complex enough to make my head spin. Adjust as soon as possible!
2023-09-26 20:13
1
blacksheep
The operation interface of BTF PRO is very simple and user-friendly for beginners like me. In addition, their customer support is very prompt and helpful, ensuring smooth progress in my trading.
2024-03-23 19:10
8
Anggra febriadi
btf scammers too I wd haven't logged in for 3 days...
2023-04-22 20:27
0
charin
hopefully it will be long
2023-04-11 18:08
0
BIT1945207574
listening
2023-04-10 17:08
0
Aspect Information
Company Name BTF PRO
Registered Country/Area United States
Founded Year 2015
Regulatory Authority FinCEN (Exceeded)
Cryptocurrencies Offered Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), etc.
Maximum Leverage 1:100
Trading Platforms Web-based, Mobile App (iOS and Android)
Deposit & Withdrawal Bank transfer, Credit/Debit Card, Cryptocurrency transfer
Educational Resources Tutorials, webinars, trading guides
Customer Support 24/7 live chat, email, phone

Overview of BTF PRO

BTF PRO is a virtual currency exchange company that was established in 2015. Registered in the United States, it operates under Financial Crimes Enforcement Network (FinCEN, exceeded). The company offers a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

In terms of deposit and withdrawal options, BTF PRO supports bank transfers, credit/debit card transactions, and cryptocurrency transfers. This provides flexibility for users to fund their accounts and withdraw their funds conveniently.

Overall, BTF PRO offers a secure and user-friendly virtual currency exchange environment, accompanied by a range of cryptocurrencies, leverage options, trading platforms, deposit and withdrawal methods, educational resources, and customer support.

What is BTF PRO?

BTF PRO is a virtual currency exchange that provides a secure and user-friendly platform for traders to buy and sell cryptocurrencies.

One key feature of BTF PRO is its maximum leverage of 1:100. This means that traders have the option to amplify their positions and potentially increase their profits. This leverage feature can be advantageous for experienced traders who are looking for additional trading opportunities.

BTF PRO offers multiple trading platforms, including web-based and mobile applications for iOS and Android. This ensures that traders can access their accounts and trade cryptocurrencies conveniently, whether they are using a desktop computer or a mobile device.

Furthermore, BTF PRO places a strong emphasis on education. Traders can access tutorials, webinars, and trading guides, which can be valuable resources for improving their knowledge and skills in virtual currency trading. The availability of 24/7 customer support through live chat, email, and phone also ensures that users can receive assistance whenever needed.

Overall, BTF PRO is a reputable exchange that offers a range of features and services to facilitate virtual currency trading.

Pros and cons

pros-and-cons

Pros:

- BTF PRO offers a wide selection of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple. This gives traders the opportunity to diversify their portfolios and take advantage of different market opportunities.

- The maximum leverage of 1:100 provided by BTF PRO allows traders to potentially amplify their profits. This feature can be beneficial for experienced traders who are looking for higher-risk, higher-reward trading opportunities.

- With multiple trading platforms available, including web-based and mobile applications for iOS and Android, BTF PRO ensures that traders can access their accounts and trade cryptocurrencies conveniently from any device.

- BTF PRO supports a range of deposit and withdrawal options, including bank transfers, credit/debit card transactions, and cryptocurrency transfers. This provides flexibility for users to fund their accounts and withdraw their funds according to their preferences.

- The availability of educational resources such as tutorials, webinars, and trading guides can be valuable for beginners or traders looking to improve their knowledge and skills in virtual currency trading.

- BTF PRO offers 24/7 customer support through live chat, email, and phone, ensuring that users can receive assistance whenever needed.

Cons:

- BTF PRO operates under Financial Crimes Enforcement Network (FinCEN) in the United States. However, it is excceeded.

- Although BTF PRO offers a wide range of cryptocurrencies for trading, it doesn't have as extensive a selection as some other virtual currency exchanges. This potentially limits the trading options for users who are interested in more niche or less commonly traded cryptocurrencies.

- While BTF PRO emphasizes the provision of educational resources, the effectiveness of these resources varies depending on individual learning styles and preferences. Some traders may find the educational materials to be insufficient or not suit their specific needs.

- Although BTF PRO offers 24/7 customer support, the quality and responsiveness of the support may vary. Users may experience delays or difficulties in receiving timely and satisfactory assistance for their inquiries or concerns.

- Traders should be aware that virtual currency trading involves inherent risks, and BTF PRO does not guarantee profits or success in trading. Users should carefully consider their own risk tolerance and conduct thorough research before engaging in any virtual currency trading activities.

Pros Cons
Wide selection of cryptocurrencies Exceeded FinCEN license
Maximum leverage of 1:100 Potentially limited selection of cryptocurrencies
Multiple trading platforms Effectiveness of educational resources may vary
Range of deposit and withdrawal options Varying quality of customer support
Educational resources available Risks associated with virtual currency trading

Regulatory Authority

WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources.

WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.

As of August 2023, BTF PRO reportedly holds an exceeded MSB license from the United States Financial Crimes Enforcement Network (FinCEN, No. 31000232632701).

exceeded-FinCEN-license

Security

BTF PRO has implemented security measures to protect user information and funds. These measures include encryption protocols, multi-factor authentication, and regular security audits. It is important for users to follow best practices in cybersecurity, such as using strong passwords and enabling two-factor authentication, to enhance their own security when using the platform.

User feedback regarding the security of BTF PRO vary. It is advisable for users to conduct their own research and read reviews from multiple sources to gather a comprehensive understanding of the platform's security measures and user experiences.

Additionally, users should be aware that engaging in virtual currency trading involves inherent risks, including the potential loss of funds. BTF PRO does not guarantee the security of user accounts or protection against all possible risks. It is recommended for users to exercise caution and adopt risk management strategies when participating in virtual currency trading activities.

Cryptocurrencies available

BTF PRO offers a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). These cryptocurrencies are known for their high liquidity and popularity in the market.

The prices of cryptocurrencies on exchanges, including BTF PRO, are subject to fluctuations based on market demand and supply. Cryptocurrency prices are influenced by factors such as market trends, investor sentiment, regulatory developments, and global economic conditions. It is important for traders to stay updated with the latest news and analysis to make informed trading decisions.

Apart from cryptocurrency trading, BTF PRO also offer other products and services related to virtual currency trading. These include features such as margin trading, futures trading, and options trading. Traders should carefully review the platform's terms and conditions and understand the risks involved in these trading activities. It is recommended to seek professional financial advice and conduct thorough research before engaging in any trading strategies or using additional services provided by BTF PRO.

How to open an account?

open-an-account

The registration process of BTF PRO is straightforward and can be completed in a few steps:

1. Visit the BTF PRO website (https://btfprop.com/#/home) and click on the “Sign Up” or “Register” button.

2. Fill in the required information, such as your email address, password, and personal details.

3. Read and accept the terms and conditions and privacy policy of BTF PRO.

4. Verify your email address by clicking on the verification link sent to your registered email.

5. Complete the KYC (Know Your Customer) process by providing necessary identification documents, such as a passport or driver's license, and proof of address.

6. Once your documents are verified, your BTF PRO account will be fully registered, and you can start trading cryptocurrencies on the platform.

Fees

Fees

BTF PRO charges trading fees on its platform. The exact fee structure vary depending on the type of trading activity and the specific cryptocurrency being traded. Traders should consult the BTF PRO website or platform for the most up-to-date fee information.

In addition to trading fees, BTF PRO also charge fees for deposits and withdrawals. The fee amount and payment methods for deposits and withdrawals vary depending on the user's location and chosen funding method. It is advisable for users to review the BTF PRO website or platform for the latest information on deposit and withdrawal fees.

When comparing fees with other exchanges, it is important to consider factors such as the volume of trading, the type of cryptocurrencies available, and the specific fee structure of each platform. Traders should carefully compare and evaluate the fees charged by different exchanges to determine which platform aligns with their trading needs and preferences.

Deposit & Withdrawal

BTF PRO offers multiple deposit and withdrawal methods for users to fund their accounts and withdraw their funds. These methods include bank transfers, credit/debit card transactions, and cryptocurrency transfers. The availability of specific deposit and withdrawal methods vary depending on the user's location and the currency they are transacting in.

The processing time for deposits and withdrawals on BTF PRO vary depending on the chosen method and other factors such as the user's verification status and the volume of transactions on the platform. It is recommended for users to check the BTF PRO website or platform for the latest information on deposit and withdrawal processing times.

Educational Resources

BTF PRO provides educational resources and tools to assist users in their trading activities. These resources include trading guides, video tutorials, and webinars. Users can access these materials to enhance their understanding of trading strategies and market analysis.

Additionally, BTF PRO have community support and communication platforms such as forums or social media groups. These platforms can provide opportunities for users to interact with other traders, share insights, and discuss relevant topics. It is advisable for users to explore these resources and engage in discussions to broaden their knowledge and network within the trading community.

It is important to note that the effectiveness of educational resources and community platforms vary. Users should exercise their own judgment and conduct additional research to verify the information provided. It is recommended to seek professional financial advice and consult multiple sources before making any trading decisions.

Is BTF PRO a Good Exchange for You?

Based on the features and offerings of BTF PRO, there are several target groups that may find this exchange suitable for their trading needs:

1. Experienced Traders: BTF PRO offers a wide selection of cryptocurrencies and multiple trading platforms. This can be attractive to experienced traders who are looking for a diverse range of trading options and advanced trading features.

2. Cryptocurrency Enthusiasts: BTF PRO provides educational resources such as trading guides, video tutorials, and webinars. These resources can be beneficial for individuals who are interested in learning more about virtual currency trading and improving their trading skills.

3. Risk Management-Oriented Traders: BTF PRO offers a maximum leverage of 1:100, which can be appealing to traders who prioritize risk management and seek to manage their exposure in the market.

4. Tech-Savvy Individuals: BTF PRO employs security measures such as encryption protocols and multi-factor authentication to protect user information and funds. Traders who are knowledgeable about cybersecurity practices and prefer a platform with robust security features may find BTF PRO suitable for their trading activities.

It is important to note that the suitability of BTF PRO for each individual or group may vary depending on their specific trading preferences, risk tolerance, and level of experience. It is recommended for traders to thoroughly research and assess the platform's features, terms, and conditions to determine if it aligns with their trading goals and objectives. Additionally, seeking professional financial advice and conducting due diligence is advisable before engaging in any trading activities.

Compare to Other Cryptocurrency Exchanges

Exchange
BTF-PRO
UPbit
coinbase
Fees N/A 0.25% 0% - 3.99%
Cryptos Available Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), etc. 200+ 200+
Website https://btfprop.com/#/home https://sg.upbit.com/home https://www.coinbase.com/
  • BTF PRO:

BTF PRO offers advanced trading features like futures contracts and options, which can be attractive for experienced traders looking for derivatives trading. It also offers competitive fee structures for these trading products. BTF PRO is less suitable for beginners due to its focus on derivatives trading, which can involve higher risks and complexities.

  • Coinbase:

Coinbase is known for its user-friendly interface, making it an excellent choice for beginners and those new to the cryptocurrency market. It provides a straightforward way to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum. Coinbase also emphasizes regulatory compliance. Coinbase's offerings are primarily focused on spot trading, which means it may not have the advanced trading features that experienced traders seek.

  • UPbit:

UPbit is one of the largest cryptocurrency exchanges in South Korea and offers a wide range of cryptocurrencies for trading. It has a reputation for security and regulatory compliance. UPbit's interface and services are more tailored to Korean-speaking users, and its accessibility is limited for users from other regions.

For experienced traders interested in derivatives trading, BTF PRO is the best option due to its advanced trading features. For beginners and those looking for a user-friendly experience, Coinbase is a strong choice. For users in South Korea or those comfortable with the platform's offerings, UPbit can be a good fit, particularly for those interested in a wide range of cryptocurrencies.

Ultimately, the best exchange depends on your trading goals, experience level, and geographic location. It's essential to consider factors such as trading products, fees, security, user interface, and regulatory compliance when making your decision.

Conclusion

In conclusion, BTF PRO offers a variety of cryptocurrencies for trading, catering to both experienced traders and cryptocurrency enthusiasts. The platform provides educational resources to assist users in improving their trading skills, and risk management-oriented traders may appreciate the maximum leverage offered. Tech-savvy individuals can benefit from the platform's robust security features. However, it is important for users to conduct their own research and due diligence as there may be controversies or concerns associated with BTF PRO. Traders should also carefully review the fee structure and consider the availability of trading pairs and the overall user experience before deciding to trade on this platform.

FAQs

Q: Is BTF PRO regulated well?

A: No. BTF PRO currently only holds an exceeded MSB license from the United States Financial Crimes Enforcement Network (FinCEN, No. 31000232632701).

Q: What cryptocurrencies can I trade on BTF PRO?

A: BTF PRO offers a variety of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). These cryptocurrencies are known for their high liquidity and popularity in the market.

Q: What educational resources does BTF PRO provide?

A: BTF PRO provides educational resources such as trading guides, video tutorials, and webinars. These resources can help users enhance their understanding of trading strategies and market analysis.

Q: Who can benefit from trading on BTF PRO?

A: BTF PRO caters to a diverse range of traders, including experienced traders looking for a wide selection of cryptocurrencies and advanced trading features, cryptocurrency enthusiasts interested in learning and improving their trading skills, risk management-oriented traders seeking maximum leverage, and tech-savvy individuals who prioritize robust security features. However, it is important for users to conduct their own research and due diligence before deciding to trade on this platform.

User Review

User 1: Yo, BTF PRO is pretty solid! Their interface is slick and user-friendly, making trading a breeze. Love the range of cryptos they offer, from classics to hot new ones. Plus, their customer support rocks – they actually respond and help out when needed. But watch out for those fees, they can sneak up on you. Withdrawal speed? Meh, it's decent. Security's cool, but wish they were more transparent about privacy practices. Overall, I'm happy with it, but keep your eyes on those fees, folks! CryptoLife

User 2: Alright, listen up peeps, BTF PRO has its ups and downs. Interface is sleek, gotta give 'em that. But hold on, where's the regulation? I'm all about keeping my investments safe. They say they're secure, but a little more clarity on privacy and data protection wouldn't hurt. Liquidity's not bad, and they do have a nice variety of coins. Customer support was chill when I had issues, so that's a plus. But man, those trading fees – they nibble at your profits! Withdrawal speed was kinda slow for me, not gonna lie. Stability-wise, no major glitches so far. Could be better, could be worse. Do your homework before diving in, amigos!

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities.

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.