Fees

Taker fee

0.20%

Maker fee

0.20%

Withdrawal fee

N/A

Funding methods

Wire Transfer

Yes

Credit Card

Yes

Crypto

Yes

US Investors Permitted

Yes

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TOPBTC 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 TOPBTC consists of four parts: general information, fees, deposit methods and security.

General Information

TOPBTC is a cryptocurrency exchange allegedly from Australia. The owner of the exchange is apparently a company named DABTC PTY LTD. If the letters DABTC rings a bell to you, it might be because of the previously major Chinese cryptocurrency exchange DABTC. According to information on DABTC’s website, the assets and activities of DABTC was transferred to TOPBTC following China’s ban on cryptocurrencies.

Most Australian cryptocurrency exchanges are members of the organization ADCA (Australian Digital Commerce Association), but TOPBTC is not. This is not a warning flag per se, but still worth noting.

We have not found any information that this exchange prohibits US-investors. However, most other Australian exchanges (e.g., ACX, CoinJar, Independent Reserve) prohibit US-investors. Accordingly, that US-investors might be prohibited is something that such investors should keep in mind.

TopBTC 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 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 TopBTC:

TOPBTC Trading View
TOPBTC Trading View

The trading view looks quite standard and does not in and of itself raise any concerns from us.

TOPBTC Fees

TOPBTC Trading fees

This particular trading platform 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% for both takers and makers. This is in line with industry average.

TOPBTC 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 reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

We have not been able to find any information on TOPBTC’s withdrawal fees. We have also come across information from different crypto forums that this exchange have denied certain withdrawals. This sounds incredibly risky to us and – until we hear positive reviews outweighing the negative ones we have come across – we urge you to be very careful when interacting with this exchange.

Deposit Methods

We have not been able to ascertain what deposit methods this exchange offers. When pressing the button “Deposit help” on the exchange’s website, you come to an empty white page. That is not very informative or helpful.

TOPBTC Security

One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:

  • Exchanges store a massive amount of valuable personally identifiable information.
  • Exchanges handle of course a lot of cash or coin deposits and withdrawals.

TOPBTC’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.

***

Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following 10 cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world:

  1. Simex
  2. Bit-Z
  3. Bittrex
  4. Bithumb
  5. Coinbene
  6. BitForex
  7. IDAX
  8. BCEX
  9. Coineal
  10. DOBI Trade

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