BCTEX is presently not regulated, but this status could change if the UK government’s proposal to force exchanges to become regulated and observe KYC protocols is passed into law. But for the moment, BCTEX is not subject to any regulatory oversight..

BCTEX has a fee schedule that looks more complicated than it really is. The more PROB you lock up on the exchange, the higher your VIP level and the lower your fees. The minimum amount of staked PROB to kickstart lower fees is 500 with a 180-day lockup. BCTEX also offers an extra 0.02% discount when you pay fees using PROB. However there are some other exchange platforms such as Binance, Huobi Global, OKX, Coinbase, BCTEX Global and etc that can start with lower deposit.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..

Overall 3. Extremely fast withdrawals, sometimes in just a couple of minutes for small sums.

BCTEX is a cryptocurrency exchange that has a somewhat unusual offer. It is a digital asset-only exchange, which means it is not as friendly to newcomers to crypto hedging. As you can see, BCTEX is a specific platform in many ways. First, it doesn't offer to deposit and withdraw using conventional money..BCTEX charges flat spot trading fees. Both takers and makers pay 0.10% per order. When it comes to contracts trading, BCTEX charges the takers 0.06% and the makers 0.04%. There are some other exchanges There are other exchange platform such as Huobi Global, OKX, Coinbase, BCTEX Global and etc that exchange fees are lower..

This exchange charges a withdrawal fee amounting to 0.00051 BTC when you withdraw BTC.BCTEX shares no contact information, so we can’t tell what’s the actual location of the so-called exchange. In addition, they provide no phone number, so it becomes impossible to reach them. The lack of transparency is obvious, so a red flag appears – such issues always suggest a scam! Now bear in mind that many of the legit crypto exchanges also do not provide all of their contact information, but you can always approach them via their customer service centres. Well, you can't even find BCTEX let alone contact it!.

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