BTC Trade UA Review & Ratings - Exchange Broker

BTC Trade UA Review

Simple and easy to use trading platform
Reliable and fair cryptocurrency exchange
Low trading fees and commissions
Variety of cryptocurrency assets

Poor customer support
Only Ukrainian and Russian traders accepted
Basic trading platform

BTC Trade UA is an online cryptocurrency exchange based out of the Ukraine and established in 2014. The cryptocurrency exchange services provided by BTC Trade UA are primarily for Ukrainian or Russian cryptocurrency traders. The exchange only supports the Russian language and the Ukrainian Hryvnia (UAH) for the buying and selling of Bitcoin and other cryptocurrencies. Unfortunately, BTC Trade UA is not a licensed or regulated cryptocurrency exchange, however, this comes as no surprise as the majority of cryptocurrency exchanges are not yet regulated. Therefore, trading with BTC Trade UA as well as with most other cryptocurrency exchanges comes with a certain level of risk. The question is, is BTC Trade UA reputable enough to provide safe and secure cryptocurrency exchange services and how do the trading services they provide stack up to the competition? Find the answers to these questions and more in our in-depth review where we analyze all aspects of the BTC Trade UA online cryptocurrency exchange and discover if they are the right crypto exchange for you.

Trading Platform

Like most cryptocurrency exchanges, BTC Trade UA features their very own proprietary web based trading platform. The trading platform offered is relatively nice with a simple and easy to use interface. All of the basic features a crypto trader needs are incorporated into the platform. For instance, traders have access to a simple charting package where they can adjust the time frame and use simple analysis tools to identify price trends and buying or selling opportunities. As well, the platform features a basic order book where traders can place a simple market buy or market sell order. Unfortunately, no advanced order types are supported, and the platform is therefore meant for beginner or casual cryptocurrency traders. More features of BTC Trade UA’s trading platform is a trade history window and a troll box chat window where traders can interact with one another. All in all, the trading platform provided by BTC Trade UA is intuitively designed for a seamless trading experience but is only suitable for beginner and inexperienced crypto traders.

Exchange Markets

BTC Trade UA is strictly a cryptocurrency exchange and does not facilitate trading in any other financial markets. However, the cryptocurrency markets operate on a global scale and BTC Trade UA supports a wide array of altcoins (alternative cryptocurrencies) as well as the most popular cryptocurrency assets like Bitcoin (BTC). Traders can either buy and sell Bitcoin and other cryptocurrencies for the Ukrainian Hryvnia (UAH) or trade crypto to crypto pairs without the use of fiat currency. See below, the entire list of cryptocurrencies that are currently supported by BTC Trade UA.

Bitcoin (BTC)
Bitcoin Cash (BCH)
Ethereum (ETH)
Litecoin (LTC)
Karbowanec (KRB)
Zcash (ZEC)
Novacoin (NVC)
Dash (DASH)
Peercoin (PPC)
Monero (XMR)
Vertcoin (VTC)
iTicoin (ITI)
Ripple (XRP)
Sibcoin (SIB)
Dogecoin (DOGE)
Ethereum Classic (ETC)
NEM (XEM)
Tether (USDT)

Fees and Commission

BTC Trade UA employs a flat fee trading model in which maker and taker fees are the same. The trading fee at BTC Trade UA is just 0.10% per trade which is way below the industry average which is around 0.25% per trade. Therefore, BTC Trade UA has very favorable trading fees and is at quite an advantage when compared to other crypto exchanges around the world. As for deposit and withdrawal fees, they are also very reasonable and quite low compared with much of the competition. This is quite rare, usually when an exchange has low trading fees they jack up the deposit and withdrawal fees to make up for it. BTC Trade UA however, does not. The fee for depositing fiat currency (UAH) to your account incurs a fee of up to 2.5% for credit card deposits and cryptocurrency deposits are free of charge. As for withdrawals, withdrawals of both fiat currency (UAH) and cryptocurrencies, the fee is around 1.3%. All in all, both the trading fees and deposit and withdrawal fees at BTC Trade UA are extremely low in comparison with other cryptocurrency exchanges.

Security and Fairness

BTC Trade UA is not a licensed or regulated online cryptocurrency exchange, however, this does not take away from their reputation as BTC Trade UA has been competently offering reliable cryptocurrency exchange services since 2014. The exchange facilitates the buying and selling of cryptocurrency assets without intermediaries as participants on the exchange do so with one another. Overall, there is not a whole lot of information regarding the security measures and practices of the exchange, but they have thus far proven themselves to be a safe, secure, and reliable cryptocurrency exchange that treats all of their clients fairly.

Support

BTC Trade UA provides their customers with email support that’s available 24 hours a day, 7 days a week. The email support received is available only in Russian and is generally very quick to respond. Additional methods of support include an extensive FAQ page and a news page where customers can catch up on the latest events and movements in the cryptocurrency space. All in all, the customer support is only mediocre at best.

Conclusion

The BTC Trade UA cryptocurrency exchange is a well established exchange that accepts traders only from the Ukraine and Russia. The exchange offers traders very low and competitive fees and commissions and features a simple and easy to use web based trading platform. The exchange is not yet regulated but has proven to be a reliable and fair cryptocurrency exchange with thousands of trusted users. All in all, if you are from the Ukraine or Russia, then BTC Trade UA could be the right cryptocurrency exchange for you.