Founded in 2018, BTSE is a digital asset exchange. It is registered with the Financial Services Commission (FSC) in the British Virgin Islands, where it has its headquarters. A built-in wallet, leverage trading, and over-the-counter trading are just a few of the many features that it provides. BTSE places a high priority on security as well, offering features like cold storage and 2FA.
For more information, you can read our BTSE review.
Purchasing Bitcoin on BTSE
To purchase bitcoin (BTC) on BTSE, you must first register for an account and provide identification. You have several options for funding the account when it has been validated, including credit card or bank transfer.
Steps on how to purchase Bitcoin on BTSE
Step 1: Account Creation/Verification
The first step to take before purchasing Bitcoin (BTC) on BTSE is to open an account with the platform. Opening an account is easy and it could only take 2-5 minutes of your time, after which you will verify your account.
- Navigate to the top right corner and click on register
- Fill out the information and click on register
- Click on skip and verify your account
Verification is important in all exchanges before you can start purchasing cryptocurrency, if not your account will be disabled or banned from buying cryptocurrencies.
Step 2: Buying Cryptocurrency (Bitcoin)
Once the verification is done, you will be allowed to purchase Bitcoin.
BTSE offers two methods of purchasing Bitcoin which are; the Express Pay and OTC Method. Here is a guide on how to purchase Bitcoin through the two methods.
Purchasing Bitcoin through Express Pay
BTSE users can buy Bitcoin through Express Pay with their credit cards
Here are the steps to follow:
Step 1: Opening Express Buy
Navigate to the top menu click on “Buy Crypto” and select “Express Buy” on the drop-down box
Step 2: Get your desired Quotation
Enter your desired of BTC you wish to buy.
Select the preferred currency you will be dealing with and click on get quota.
Step 3: Review Quote
After reviewing the quote given, click on next to confirm and process payment.
Note: the quota is being refreshed every 30 seconds.
Step 4: Fill in your credit card details
Enter the details required about your credit card and click on the check box.
Click on pay to proceed
Once the payment is successful, a notification will be sent to you.
Now you can check your wallet for your BTC.
Purchasing Bitcoin through OTC Trading
The word OTC means over-the-counter trading which allows the buying and selling of assets, such as cryptocurrencies, directly between two bodies without the use of a centralized exchange.
How to get OTC Quotes
- Login into your BTSE account
- Select the buy tab
- Click on Eth and change it to BTC
- Select your preferred currency
- Enter the quantity you wish to buy
- Click on Get Buy Quotes
- Click on Accept Buy to continue
Then your transaction is successful
Note: No transaction fee when dealing with OTC trading.
Conclusion
Using the right exchange for buying your digital assets like cryptocurrency I.e Bitcoin, XRP, Eth, Stablecoins, and so on is necessary to prevent loss of funds. BTSE gives a zero transaction fee using the OTC trading platform.
