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    Home » How to Register and Trade Crypto at BTSE
    BTSE Tutorials

    How to Register and Trade Crypto at BTSE

    coffeecoinoBy coffeecoinoJune 5, 2022No Comments14 Mins Read
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    How to Register at BTSE


    How to Register a BTSE account【PC】

    For traders on the web, please head over to the BTSE. You can see the registration box on the center of the page.
    How to Register and Trade Crypto at BTSE
    If you are on another page, such as the Home page, you can click “Register” in the upper right corner to enter the registration page.
    How to Register and Trade Crypto at BTSE
    Please enter the following information:

    • Email address
    • Username
    • Your password must contain at least 8 characters.
    • If you have a referrer, please click “Referral Code (optional)” and fill it.

    How to Register and Trade Crypto at BTSE
    Make sure you have understood and agree to the Terms of Use, and after checking that the information entered is correct, click “Register”.

    After submitting the form, check your email inbox for the registration confirmation. If you have not received the verification email, kindly check your email’s spam folder.

    Click the confirmation link to complete the registration and start using cryptocurrency trading (Crypto to crypto. For example, use USDT to buy BTC).
    How to Register and Trade Crypto at BTSE
    Congratulations! You have successfully registered an account on BTSE.
    How to Register and Trade Crypto at BTSE
    How to Register and Trade Crypto at BTSE


    How to Register a BTSE account【APP】

    For traders using BTSE’s app, you can enter the registration page by clicking a person icon at the upper right corner.
    How to Register and Trade Crypto at BTSE
    Click “Register”.
    How to Register and Trade Crypto at BTSE
    Next, Please enter the following information:

    • Username.
    • Email address.
    • Your password must contain at least 8 characters.
    • If you have a referrer, please click “Referral Code (optional)” and fill It.

    How to Register and Trade Crypto at BTSE
    Make sure you have understood and agree to the Terms of Use, and after checking that the information entered is correct, click “Register”.

    After submitting the form, check your email inbox for the registration confirmation. If you have not received the verification email, kindly check your email’s spam folder.
    How to Register and Trade Crypto at BTSE
    Click the confirmation link to complete the registration and start using cryptocurrency trading (Crypto to crypto. For example, use USDT to buy BTC).
    How to Register and Trade Crypto at BTSE
    Congratulations! You have successfully registered an account on BTSE.
    How to Register and Trade Crypto at BTSE

    How to Install BTSE APP on Mobile Devices (iOS/Android)

    For iOS devices

    Step 1: Open “App Store”.

    Step 2: Input “BTSE” in the search box and search.
    How to Register and Trade Crypto at BTSE
    Step 3: Click on the “Get” button of the official BTSE app.

    Step 4: Wait patiently for the downloading to complete.
    How to Register and Trade Crypto at BTSE
    You can click “Open” or find the BTSE app on the home screen as soon as the installation is completed to start your journey to cryptocurrency!
    How to Register and Trade Crypto at BTSE
    How to Register and Trade Crypto at BTSE

    For Android devices

    Step 1: Open “Play Store”.

    Step 2: Input “BTSE” in the search box and search.
    How to Register and Trade Crypto at BTSE
    Step 3: Click on the “Install” button of the official BTSE app.

    Step 4: Wait patiently for the downloading to complete.
    How to Register and Trade Crypto at BTSE
    You can click “Open” or find the BTSE app on the home screen as soon as the installation is completed to start your journey to cryptocurrency!
    How to Register and Trade Crypto at BTSE
    How to Register and Trade Crypto at BTSE

    How to Trade Crypto at BTSE
     

    Spot trading


    How to Conduct Spot Trading

    Step 1: Log in to your account. Click on “Spot” under “Trade” on the top navigation bar.
    How to Register and Trade Crypto at BTSE
    Step 2: Search and enter the pair you want to trade.
    How to Register and Trade Crypto at BTSE
    Step 3: Select Buy or Sell and Order type
    How to Register and Trade Crypto at BTSE
    Step 4: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy Ỏrder”/”Sell Order” to submit your order.
    (Note: The percentages under the “Size” box refer to certain percentages of the account balance.)
    How to Register and Trade Crypto at BTSE
    Or click on the last prices on the order book to set the buying/selling price conveniently.
    How to Register and Trade Crypto at BTSE
    Step 5: After successfully placing an order, you will be able to view it in “Open Orders” at the bottom of the page. You can also cancel the order here by clicking on “Cancel”.
    How to Register and Trade Crypto at BTSE


    Spot Trading Fees

    • Trading fees are deducted from the currency you receive.
    • The account fee level is determined based on a 30-day rolling window of trading volume, and will be recalculated daily at 00:00 (UTC).
    • Trading volume is calculated in BTC. Non-BTC trading volume is converted into BTC equivalent volume at the spot exchange rate.
    • BTSE does not allow users to self-refer through multiple accounts.
    30-Day Vol.
    (in USD)
    /or BTSE Token
    Holding
    Maker Taker Maker Taker
    Or 0.10% 0.12% 0.080% 0.096%
    ≥ 500K And ≥ 300 0.09% 0.10% 0.072% 0.080%
    ≥ 1M And ≥ 600 0.08% 0.10% 0.064% 0.080%
    ≥ 5M And ≥ 3K 0.07% 0.10% 0.056% 0.080%
    ≥ 10M And ≥ 6K 0.07% 0.09% 0.056% 0.072%
    ≥ 50M And ≥ 10K 0.07% 0.08% 0.056% 0.064%
    ≥ 100M And ≥ 20K 0.06% 0.08% 0.048% 0.064%
    ≥ 500M And ≥ 30K 0.05% 0.07% 0.040% 0.056%
    ≥ 1B And ≥ 35K 0.04% 0.06% 0.032% 0.048%
    ≥ 1.5B And ≥ 40K 0.03% 0.05% 0.024% 0.040%
    ≥ 2.5B And ≥ 50K 0.02% 0.04% 0.016% 0.032%

    Order Types in Spot Trading

    Limit Orders

    Limit Orders are used to manually specify the price a trader is willing to buy or sell at. Traders use limit order to minimize their trading cost.

    Market Orders

    Market Orders are orders that are executed immediately at the current market price. Traders use this order type when they have an urgent execution.

    * Market Price is the last settlement price on BTSE.

    Index Orders

    Index orders are used for traders who would like to place an order in which the price tracks a certain percentage above/below the BTSE BTC index price.

    The fields are detailed as follows:

    Maximum/Minimum Price:

    • Buy Order: if maximum price is $4,000 and BTC index is $3,900, then the users order will be $3,900

    If maximum price is $4,000 and BTC index is $4,100, then the users order will remain at $4,000

    • Minimum price would be the opposite of maximum price and applies to a Sell order

    Contract:

    • The number of contracts the user would like to purchase

    Percentage:

    • If a positive value is entered, the effective price would be a percentage above the BTC index price
    • If a negative value is entered, the effective price would be a percentage below the BTC index price
    • The maximum percentage value allowed is +/- 10%

    Stealth Mode:

    • This function will help you buy/sell a pointed percentage of your digital currencies once at a time

    * If you want to buy/sell 10 BTC and you choose 10% stealth mode, the system will buy/sell 1 BTC at a time 10 times

    Stop Orders

    Stop orders are orders that do not enter the order book until the market price reaches the trigger price.

    The purpose of this order is:

    • A risk-management tool to limit losses on existing positions
    • An automatic tool to enter the market at a desired entry point without manually waiting for the market to place the order

    Stop orders can be selected under the place Order Tab. There are three status that are shown during the execution of a stop order:

    • OPEN – The requirements for your order have yet been met
    • TRIGGERED – Your order has been placed
    • FILLED – Your order has been completed

    Take Profit Orders

    Traders use this by specifying Market Order or Limit Order instructions to be executed once the market price reaches the predefined triggered price.

    • Take profit orders are used for setting the estimated price that you believe your contracts will reach
    • Stop orders are used for decreasing the risk of being liquidated if your current contracts move in the wrong direction

    There are two types of Take Profit Orders:

    • Take Profit Limit Order – You set the predefined Trigger Price and Order Price. When the market price reaches your trigger price, your order will be placed on the order book
    • Take Profit Market Order- You set the predefined Trigger Price. When the current market price reaches your trigger price, a Market Order will be placed on the order book

    * For all stop orders, the trigger price will be specific to the market price

    Take Profit Orders can be selected under the place order tab, it will show you the triggering price and take profit price. The status of stop orders can be found on the Active Orders tab. There are three Status that are shown during the execution of a Take Profit Order:

    • OPEN – The requirements for your order have yet been met.
    • TRIGGERED – Your order has been placed.
    • FILLED – Your order has been completed.

    Active Orders and Stops Tab

    Active Orders Tab: This tab will show any active orders that have not yet been completed.

    Stop Tab: take profit orders and stop orders will be listed under this tab until the orders are triggered and completed.

    Futures Trading

    How to Deposit into Your Futures Wallet

    Step 1. Click Wallets
    How to Register and Trade Crypto at BTSE
    Step 2. Click Transfer
    How to Register and Trade Crypto at BTSE
    Step 3. Enter the Transfer Amount and select a Cross / Isolated Wallet
    How to Register and Trade Crypto at BTSE
    Step 4. Click Transfer to complete the deposit process
    How to Register and Trade Crypto at BTSE


    How to Trade Futures Contracts

    Step 1: Log in to your account. Click on “Futures” under “Trade” on the top navigation bar.
    How to Register and Trade Crypto at BTSE
    Step 2: Search and enter the pair you want to trade.
    How to Register and Trade Crypto at BTSE
    Step 3: Select an Order type.
    How to Register and Trade Crypto at BTSE
    Step 4: Enter the order price and size.
    How to Register and Trade Crypto at BTSE
    Step 5: Select a Leverage and Futures Wallet.
    How to Register and Trade Crypto at BTSE
    Step 6: Select “Buy / Sell” to submit your order.
    How to Register and Trade Crypto at BTSE


    Futures Trading Fees

    Futures Trading Fees (Users)

    • For futures trading, both the enter and settle positions will be charged trading fees. Trading fees will be deducted from your margin balance.
    • Users who already joined the Market Maker Program, please refer to the next section: Futures Trading Fees (Market Maker).
    • The account fee level is determined based on a 30-day rolling window of trading volume, and will be recalculated daily at 00:00 (UTC). You can see your current fee level on the Account Profile Page.
    • Trading volume is calculated in BTC terms. Non-BTC trading volume is converted into the BTC equivalent volume at the spot exchange rate.
    • Discounts are applied to taker fees only.
    • The BTSE token discount cannot be stacked with the referee discount. If the conditions for both discounts are met, the higher discount rate will be applied.
    • BTSE does not allow users to self-refer through multiple accounts.
    30-Day Volume (USD) BTSE Token Holdings VIP Discount Referee Discount (20%)
    Maker Taker Maker Taker
    Or 300 – 0.0100% 0.0500% – 0.0100% 0.0400%
    ≥ 2500 K And ≥ 300 – 0.0125% 0.0500% – 0.0125% 0.0400%
    ≥ 5 M And ≥ 600 – 0.0125% 0.0480% – 0.0125% 0.0384%
    ≥ 25 M And ≥ 3 K – 0.0150% 0.0480% – 0.0150% 0.0384%
    ≥ 50 M And ≥ 6 K – 0.0150% 0.0460% – 0.0150% 0.0368%
    ≥ 250 M And ≥ 10 K – 0.0150% 0.0460% – 0.0150% 0.0368%
    ≥ 500 M And ≥ 20 K – 0.0175% 0.0420% – 0.0175% 0.0336%
    ≥ 2500 M And ≥ 30 K – 0.0175% 0.0420% – 0.0175% 0.0336%
    ≥ 5 B And ≥ 35 K – 0.0200% 0.0400% – 0.0200% 0.0320%
    ≥ 7.5 B And ≥ 40 K – 0.0200% 0.0380% – 0.0200% 0.0304%
    ≥ 12.5 B And ≥ 50 K – 0.0200% 0.0360% – 0.0200% 0.0288%

    Futures Trading Fees (Market Makers)

    • For futures trading, both the enter and settle positions will be charged trading fees.
    • Market makers interested in joining BTSEs Market Maker Program, please contact [email protected].
    Maker Taker
    MM 1 -0.0125% 0.0400%
    MM 2 -0.0150% 0.0350%
    MM 3 -0.0175% 0.0325%
    MM 4 -0.0200% 0.0300%

    Perpetual Contracts

    What is a Perpetual Contract?

    A perpetual contract is a product similar to a traditional futures contract in how it trades, but does not have an expiry date, so you can hold a position for as long as you like. Perpetual contracts trade like spot, tracking the underlying asset index price closely.

    The features of a perpetual contract are:

    • Expiry Date: A perpetual contract does not have an expiry date
    • Market Price: the last buy / sell price
    • Underlying Asset of each contract is: 1/1000th of the corresponding digital currency
    • PnL Base: All PnL can be settled in USD / BTC / USDT / TUSD / USDC
    • Leverage: Allows you to enter a futures position that is worth much more than you are required to pay upfront. Leverage is the ratio of the initial margin to the order value of a contract
    • Margin: Funds required in order to open and maintain a position. You can use both fiat and digital assets as your margin.
      • The price of your digital asset margin is calculated based on an executable market price that is representative of your asset quality and market liquidity. This price may differ slightly from the prices you see on the spot market
    • Liquidation: When the mark price reaches your liquidation price, the liquidation engine will take over your position
    • Mark Price: Perpetual contracts use the mark price to determine your unrealized PnL and when to trigger the liquidation process
    • Funding Fees: Periodic payments exchanged between the buyer and seller every 8 hours

    What is Mark Price?

    Mark price is weighted from the index price; its main purposes are:

    • To calculate the unrealized PnL
    • To determine if liquidation occurs
    • To avoid market manipulation and unnecessary liquidation

    What are the differences between Market Price, Index Price and Mark Price?

    • Market Price: The last price at which the asset was traded
    • Index Price: The weighted average of the asset price based on Bitfinex/Bitstamp/Bittrex/Coinbase Pro/Krac
    • Mark Price: Mark price: The price is used to calculate the unrealized PnL and the liquidation price of the perpetual contract


    Leverage

    Does BTSE offer leverage? How much leverage does BTSE offer?

    BTSE offers up to 100x Leverage on its futures products.

    What is Initial Margin?

    • Initial Margin is the minimum amount of USD (or USD equivalent value) you must have in your margin wallets (Cross Wallet or Isolated Wallets) in order to open a position.
    • For Perpetual Contracts, BTSE sets the Initial Margin requirement at 1% of the contract price (/Notional Value).

    For example: If the current market price of BTCs Perpetual Contract is $100 per contract, then the default Initial Margin is $100 x 1% = $1 (for max leverage of 100x)

    What is Maintenance Margin?

    • Maintenance Margin is the minimum amount of USD (or USD Value) you must have in your margin wallets (Cross Wallet or Isolated Wallets) to keep a position open.
    • For Perpetual Contracts, BTSE sets the Maintenance Margin requirement at 0.5% of the order price.
    • When the Mark Price reaches the Liquidation Price, your margin will have fallen to the maintenance margin level, and your position will be liquidated.


    Risk Limits

    When a large position gets liquidated, it may cause violent price fluctuations, and may also cause opposite side traders to be auto-deleveraged because the size of the liquidated position is larger than what the market liquidity can absorb.

    To reduce market impact and number of users being affected by liquidation events, BTSE has implemented the Risk Limits mechanism, which requires large positions to provide more initial margin and maintenance margin. By doing so, when a large position is liquidated, the probability of going into auto-deleveraging is reduced, and thus minimizing off market liquidations.

    Important Reminder:

    • You will need to manually increase your risk limit only when you desire to hold more than 100K contracts.
    • Increasing the risk limit will also increase your initial and maintenance margin requirement. This moves your liquidation price closing to your entry price (which means it will increase the risk of getting liquidated)

    Risk Limit Levels

    There are 10 levels of risk limits. The larger the position, the higher the required maintenance margin and initial margin percentages.

    In the BTC perpetual contract market, every 100k contracts you hold increases the threshold for maintenance and initial margin requirements by 0.5%.

    (For risk limits in other markets, please refer to the risk limit panel description in the trading page)

    Position Size + Order Size Maintenance Margin Initial Margin
    ≤ 100K 0.5% 1.0%
    ≤ 200K 1.0% 1.5%
    ≤ 300K 1.5% 2.0%
    ≤ 400K 2.0% 2.5%
    ≤ 500K 2.5% 3.0%
    ≤ 600K 3.0% 3.5%
    ≤ 700K 3.5% 4.0%
    ≤ 800K 4.0% 4.5%
    ≤ 900K 4.5% 5.0%
    ≤ 1M 5.0% 5.5%

    When the sum of your position size and your new order size exceeds your current risk limit level, the system will prompt you to increase the risk limit level before you can place the new order.

    In the contrary, if you have closed the large position and would like to return to the normal maintenance margin and initial margin level, you have to manually adjust the risk limit level.

    For example:

    You have 90K BTC perpetual contracts, and would like to add another 20K contracts.

    Since 90K + 20K = 110K, you already exceeded the 100K risk limit level. So when you place the 20K contract order, the system will prompt you to increase the risk limit level to 200K level before you can place the new order.

    After you close the 110K position, you have to manually adjust the risk limit back to 100K level, then the thresholds for the maintenance margin and the initial margin will return to the corresponding percentage.

    How to Adjusting Your Risk Limit

    1. Click the Edit Button on the risk limit tab
    How to Register and Trade Crypto at BTSE
    2. Click the Level you would like to use, and then click Confirm to complete the setting
    How to Register and Trade Crypto at BTSE 

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