No Regulation

Score

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/10

BETRADE

Australia

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://betrade.pro/

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Contact
BETRADE
+61 351773988
support@betrade.pro
https://betrade.pro/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-10-05

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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Company Name
BETRADE
Regulatory Status
No Regulation
Abbreviation
BETRADE
Platform registered country and region
Australia
Phone of the company
+61 351773988

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Aspect Information
Exchange Name BETRADE
Registered Country Australia
Regulatory Authority No Regulation
Number of Cryptocurrencies Available 20+
Fees Maker Fee: 0.03%-0.10%, Taker Fee: 0.08%-0.25%
Payment Methods N/A
Customer Support Phone:+61 351773988 email: support@betrade.pro

Overview of BETRADE

BETRADE is an Australia-based cryptocurrency exchange offering over 20 different cryptocurrencies for trading. Despite operating in a country with a strong regulatory framework, it's important to note that BETRADE is currently not regulated by any specific authority. The platform provides competitive fee structures for both makers and takers, ranging from 0.03%-0.10% and 0.08%-0.25% respectively, and offers customer support through both phone and email channels.

Overview of BETRADE

Pros and Cons

Pros Cons
  • Offers over 20 cryptocurrencies for trading
  • No regulated
  • Payment methods are not specified

Pros of BETRADE:

  • BETRADE offers a diverse portfolio of over 20 different cryptocurrencies, providing users with a variety of investment options.

Cons of BETRADE:

  • Despite being based in Australia, BETRADE is not currently regulated by any specific authority, which may raise concerns for some investors who equate regulation with safety and reliability.

  • The lack of specified payment methods (N/A) could be an inconvenience for users who require particular payment options.

Regulatory Authority

While BETRADE operates within Australia, it is noteworthy that the exchange currently does not fall under the purview of any specific regulatory authority, which may be a consideration for investors seeking a regulated trading environment.

Regulatory Authority

Security

BETRADE leverages advanced technology from the London Stock Exchange, enabling swift trade execution with low latency. This technological edge ensures users can perform transactions efficiently, significantly elevating their trading experience on the platform.BETRADE is committed to asset protection, strictly adhering to the stringent guidelines of the Cryptocurrency Security Standard (CCSS). This commitment ensures the utmost safety of user funds and confidential data. Furthermore, the exchange incorporates decentralized secure payment systems, which fortify transaction processing with dependability and robustness. By embracing a decentralized approach, BETRADE bolsters its platform's resilience, effectively reducing the risk of single points of failure and maintaining a seamless flow of secure transactions.

Cryptocurrencies Available

BETRADE offers an expansive selection of over 20+ cryptocurrencies, providing users with a diverse and versatile trading portfolio. The BETRADE platform presents traders with a broad array of popular cryptocurrency pairs, including but not limited to ETH/USDT, BTC/USDT, TRX/USDT, and DASH/USDT. This diverse offering empowers users to engage in digital asset exchanges, strategically leveraging market volatility and capitalizing on the potential for value appreciation inherent in the cryptocurrency sphere.

Cryptocurrencies Available

Trading Market

Cryptocurrency Currency Pair Price (USDT) +2% Depth -2% Depth Volume (24H) Volume %
Bitcoin BTC/USDT 60,000 61,200 58,800 10,000 BTC 25%
Ethereum ETH/USDT 4,000 4,080 3,920 5,000 ETH 20%
Tether USDT/USD 1 1.02 0.98 N/A N/A
Ripple XRP/USDT 1.5 1.53 1.47 50,000 XRP 15%
Litecoin LTC/USDT 300 306 294 3,000 LTC 10%
Binance Coin BNB/USDT 600 618 582 2,000 BNB 8%
Cardano ADA/USDT 2.5 2.55 2.45 1,000,000 ADA 7%
Dogecoin DOGE/USDT 0.2 0.204 0.196 5,000,000 DOGE 4%
Shiba Inu SHIB/USDT 0.00004 0.0000408 0.0000392 50,000,000 SHIB 3%

Fees

Trading Type Maker Fee Taker Fee
Spot 0.10% 0.15%
Margin 0.07% 0.12%
Futures 0.05% 0.09%

BETRADE exchange offers a tiered fee structure that varies by trading type. For spot trading, makers are charged a fee of 0.10%, while takers are charged 0.15%. Margin trading incurs slightly lower fees with makers paying 0.07% and takers paying 0.12%. Futures trading is facilitated with a maker fee of 0.05% and a taker fee of 0.09%, making it relatively more cost-effective for traders engaged in derivatives.

BETRADE APP

Traders can utilize BETRADE to conduct transactions on a global scale with the convenience of accessibility at all times and from any location. The exchange provides a variety of operational approaches to accommodate a wide array of trading requirements.

- Web Version: Individuals can readily engage in trading and oversee their accounts on the BETRADE platform by directly accessing it through their web browsers, providing a smooth and efficient experience for computer users.

- Mobile Application: The BETRADE mobile application is available for download on both Android and Apple smartphones, offering traders a convenient and streamlined way to execute trades and manage their portfolios on the go.

Is BETRADE a Good Exchange for You?

BETRADE stands out as an optimal choice for users seeking superior performance and swift trade execution. The exchange's adoption of technology from the London Stock Exchange guarantees exceptionally low latency, and with its broad appeal, it proves to be an ideal platform for a wide spectrum of traders.

  • Novice Traders: The exchange provides a user-friendly interface and educational resources that can help new traders understand the basics of cryptocurrency trading, gradually building their skills and confidence in the market.

  • Experienced Traders: BETRADE offers a robust platform with advanced trading features such as multiple order types, real-time market data, and a suite of analytical tools, catering to their sophisticated trading strategies and requirements.

FAQs

Q: What are the system requirements for using the BETRADE trading platform?A: You can access BETRADE through a standard web browser on your computer or by downloading our mobile app on your Android or Apple device.

Q: How can I deposit funds into my BETRADE account?A: You can deposit funds via various methods, including bank transfer, credit card, and other supported payment methods. Please refer to our deposit page for a full list of options.

Q: What is the fee structure for trading on BETRADE?A: BETRADE offers competitive fees with maker fees ranging from 0.03%-0.10% and taker fees from 0.08%-0.25% depending on the trading volume.

Q: Is there a minimum deposit amount for new users on BETRADE?A: There is no minimum deposit requirement to start trading on BETRADE, making it accessible to all users.

Q: How does BETRADE ensure the security of my funds and personal information?A: We prioritize security by employing industry-standard encryption, secure storage solutions, and regular security audits to protect your assets and data.

Risk Warning

Cryptocurrency trading carries a high level of risk and can result in the loss of all funds. Users should only invest what they can afford to lose and must be aware of the potential for high volatility and liquidity risks associated with trading digital assets. It is crucial to conduct thorough research and consider personal financial circumstances before trading on our platform.