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Börsrecension
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why BTCBank has received the inactive flag.

BTCBank

Handelsavgift

BTC Uttagsavgift 0.002 • Taker Fee 0.20% • Maker Fee 0.20%

Insättninsgmetoder

Yes Wire Transfer Yes Credit Card

Kryptos (7)

Bitcoin Cash, XRP, Bitcoin, EOS Token, Litecoin and 2 more

UPDATE 12 June 2019: We have not been able to access this exchange’s site. We have not seen any announcement of server downtime, maintenance or anything similar. Until we hear otherwise, we will assume that this exchange has just disappeared. Please do let us know if you have any information as to the wherabouts of this exchange.

To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.

BTCBank is an Indonesian cryptocurrency exchange. It is the first Indonesian exchange to offer leverage and transfee mining. It supports trading in a handful of cryptocurrencies, including (but not limited to), Bitcoin, Ethereum, EOS, Ripple, Litecoin, Bitcoin Cash and Tether.

The trading platform supports a number of different trading forms, including “price fixing, market trading, equivalent currency trading, C2C trading, and OTC-trading”.

You can also do leveraged trading here. Leveraged trading enables great wins, but also great losses. As an example, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). However, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal).

US-investors may not trade here. There are a number of reasons to why cryptocurrency exchanges do not permit US-investors to trade at their respective platforms. Most of them are regulatory. Don’t be too sad though, there are many other venues that are open to US-investors. Use our Exchange Finder to find out which alternatives you have as a US-investor.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the trading views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. We have not been able to access the trading view of BTCBank as the website has an expired security certificate.

The most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

BTCBank doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.20%. This is in line with the global industry average.

BTCBank charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is slightly above the global industry average.

At BTCBank, you can deposit through both wire transfer and credit cards. This makes BTCBank a so called “entry-level exchange”. For the people without cryptocurrencies today, this is especially helpful.