PLEASE NOTE THAT THIS EXCHANGE IS CURRENTLY CLOSED. THE EXCHANGE FORMERLY OPERATING AT THE DOMAIN BTER.COM HAS NOW BEEN TAKEN OVER BY GATE.IO. Their website states:
“According to the local policy in China, we have to stop the trading markets before Oct.30. Your funds are safe. We will provide your more time for withdrawal. To obtain a better services (very fast deposit and withdrawal), we recommend you login to gate.io with your current account and transfer funds there.”
Bter Exchange is a Chinese cryptocurrency exchange that is involved in next generation digital asset. It is started in 2012 and is currently operated by MaxCloud Inc. The company deals in four major crypto markets i.e. BTC, LTC, CNY, and ETH.
The platform uses advanced Blockchain technology for crypto currency transactions. Bter Dev Team powers Bter exchange. We could also view the website in both English and Chinese version.
Features of Bter Exchange
This cryptocurrency exchange allows exchange between the crypto-to crypto trading pair. A user can also trade between crypto to flat currency. The fiat currency acceptable on Bter is Chinese Yuan.
We consider crypto currency to be one of the most revolutionized financial networks. Bitcoins has captured the market of cryptocurrency more than any other digital coin.
This also has a mobile application for a better trading experience. The technology becomes handier. The application is compatible on both Android and iOS device. The application has all the features such as trading, exchange, market analysis tools etc. The user can easily add funds to the Bter account or make deposits and withdrawals easily.
The company provides 24*7 help to all its users. The users can raise tickets if they face any problems regarding trade and exchange.
Security at Bter
Bter has good Alexa ranking and is among the top Chinese exchanges. This exchange has some exceptional security features for the digital currency. The exchange runs on super secured SSL links. For further login security, the user can enable two-factor authentication.
The user can download the Google authenticator and scan the QR code of Bter. Once, both are synced, 2fa will be enabled on the device. Every time there is a login, a 6-digit code shall go the registered mobile number. This would secure the login from any new user.
The digital or crypto currency is stored in cold wallets so that it can be protected against any cyber crime or eliminates the risk of volatility. It provides public and private API to the developers. The developers could use these API and incorporate them into their own applications.
How to register a new account on Bter?
In order to register a new account here, log on to website. Then click on the tab “Signup”. A user will have to create a username which be could be either letters or alphanumeric. Then a user can create a password, which is unique and between 6-24 characters long. The password cannot contain any numbers.
The user can then enter a valid Email ID and create a fund password. The fund password has to be different from the login password. The user can then click on “I agree to T&C” and “Create account”.
Once the account is created, the user can immediately log in with email ID and password without any email verification. Once the login is successful, the user will have to upload passport as an ID proof.
Buy/Sell -BTER trading
In order to buy or sell at Bter, the user can select the market and desired amount for which he wants to buy. Then click on submit to process the transaction. The trading fee is 0% for all the tiers on this platform.
For any deposit and withdrawals, go the tab “wallet”. The user can then click on the deposit/withdrawal for the desired coin to complete the transaction. For both deposit and withdrawal, there is a minimum amount fixed. Below that the system won’t accept the deposit or any withdrawals. There is no fee for any deposits but withdrawals are chargeable. Thus, Bter is one of the best Chinese exchanges available for trading and exchange.