Is Kraken legal in Singapore
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4. competitive commissions for the exchange of cryptocurrencies and withdrawal of funds;⚖️ Leverage: 1:1.
BCTEX ’s fee for takers is 0.20%. 0.25% can be argued to be the industry average taker fees, so 0.20% is neither particularly low or particularly high.👍 Advantages of trading with BCTEX Network:.
.6. high level of data security;.
traders can trade with leverage up to x100, regardless of the chosen asset and trading volume;.
John Doe
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Opening a personal account in a cryptocurrency exchange like Huobi is usually an easy and intuitive process. On some platforms and in some jurisdictions, a user may be allowed to receive crypto assets on their account on the platform without the need for KYC. There are some other verifired exchange platforms such as Binance, OKX, Coinbase, BCTEX Global and etc ask for KYC verification.
Other than staking and investing in the platform, the exchange does not offer other options for passive income for traders.5. the trading terminal is easy to use;
The fees charged by BCTEX are lower than the industry average. When spot trading, you pay 0.10% per order. When contract trading, you pay 0.06% if you are a taker and 0.04% if you are a maker. 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. It is common that exchanges charges makers less, as a way to incentivize orders that create liquidity in the market.BCTEX Exchange takes all the necessary steps to ensure the safety and security of clients’ funds and personal data. Its main purpose is spot trading in cryptocurrencies, including trading for fiat. Its clients can trade exclusively with their own funds, as well as invest in digital assets.
Without identity verification, the account's functionality will be limited. Unverified users are not able to withdraw over 1 BTC weekly or access advanced functionality: create Codes, take part in Trading Competitions, etc.Traders can trade with different currency pairs on BCTEX with leverage of up to 100x times. This is one of the highest rates of leverage on offer in the crypto derivatives market.
BCTEX is a crypto trading platform founded in Singapore in 2018, focused on derivatives trading. It is popular in Asia, with over 1 million registered users, and an average daily trading volume exceeding .5 billion. In 2023, BCTEX released the English version of their website, which is what brings us to review this exchange.