What is BTCsquare?
BTCsquare is a crypto exchange that launched in 2018. We do not have any information as to which country the exchange is from.
If you look at the trading volume of this particular platform, it is extremely low. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reports that the 24 hour trading volume on the date of first writing this review (12 November 2019) was USD 1,926. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the trading volume was USD 2,334. This trading volume figures are so low that there is a risk that this exchange will have to shut down in the near future. So, if you’re a potential user of the platform, be careful.
As far as we can tell, US-investors can trade at this trading platform. US-investors should however always try to figure out themselves whether there are any problems arising from their trading at one or several international crypto exchanges. Sometimes, state laws stand in the way for certain US-investors’ international crypto trading.
BTCsquare Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should determine which trading view that suits you the best. What the 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 crypto 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 see that it feels right to you. The below is a picture of the trading view at BTCsquare:
BTCsquare Trading fees
This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers the same fee. The fee they charge is 0.10%.
0.10% is a quite competitive trading fee. Global industry average is arguably around 0.25%, and BTCsquare’s fees are accordingly a fair bit lower than current global industry average.
BTCsquare Withdrawal fees
BTCsquare's withdrawal fees are dynamic and changes from time to time. On the date of last updating this review (13 October 2021), the fee was 0.00063 BTC per BTC-withdrawal. This fee is quite in line with the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.00057 BTC per BTC-withdrawal.
All in all, this exchange’s fee levels are in line with, or even below, the industry averages. Good work!
BTCsquare does not accept any deposits of fiat currency. This means that new crypto investors (i.e., investors without any previous crypto holdings) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!