BTC Trade UA Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of BTC Trade UA consists of four parts: general information, fees, deposit methods and security.
BTC Trade UA is a cryptocurrency exchange based in Ukraine. Unfortunately for US-investors, BTC Trade UA actually prohibits US-investors from trading on its exchange. So if you are a US-investor and want to trade here, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
Also, the platform is not available in English. It is only available in Russian and Ukrainian. We do not speak Russian or Ukrainian, but from our understanding of the site, it has 23 cryptocurrency trading pairs, more than 60,000 users and they pricess more than 1,500 transactions every day.
To our understanding, this exchange also offers the trading platform as a mobile application. It seems as if it is available for both iPhones (through App Store) and Android-phones (through Google Play).
BTC Trade UA Trading View
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. The below is a picture of the trading view at BTC Trade UA:
BTC Trade UA Fees
BTC Trade UA Trading fees
This exchange is one of the many exchanges that don’t divide fees between takers and makers. Instead, they have a so called “flat fee”-trading model where the taker and the maker pay the same fee. Such fee at this exchange is 0.10%. This is far below the industry average which is around 0.25% and constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market. Maybe it even makes this exchange the best cryptocurrency exchange site for you? Unless you are a US-investor, that is.
BTC Trade UA Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have made your Bitcoin-millions and you are looking to buy Lambo or buy house with bitcoin. But in order to buy the house, you need to withdraw the funds. And BAM! – the exchange can make up for its low trading fees when you’re halfway out the door. Not this exchange, though. Their withdrawal fee is very fair and amounts to 0.0006 BTC when you withdraw BTC. This fee is also below industry average.
At this trading platform, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
BTC Trade UA Security
BTC Trade UA’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: