Crypto Exchanges offer users access to crypto assets for trading or investment. In recent times, more exchanges have begun to release their tokens for users to trade, thereby giving them an edge over their competitors. BTSE is doing the same thing with its native BTSE token. Many benefits come with the BTSE token, both in trading and in holding.
In this guide, we are going to bring you insight into the BTSE token. We will be discussing its major features, benefits, and use cases, and show you how you can acquire a BTSE token.
Want to learn more about BTSE exchange? Read our full BTSE review!
What is a BTSE token?
BTSE token is BTSE’s native crypto asset and was launched in March 2020 as a way to enhance trading experience within the BTSE ecosystem. 
It is recognized as the first exchange token to be running on a Bitcoin side-chain network, known as Liquid. The token currently has a market cap of $3.6 million, and its current price is just below a dollar at $0.8. BTSE tokens can be used to reduce trading fees, collect awards, pay for platform services, and trade the spot and futures markets.
It is interoperable with several fiat currencies and cryptocurrencies, giving users access to a vast range of markets.
Tokenomics
BTSE tokens are utility tokens designed to improve the user experience on the BTSE exchange and within the BTSE ecosystem. It debuted in March 2020 with an initial quantity of 200 million tokens, 5 million of which were tradeable within the first six months after launch. The public auction price was $2 per token, with a maximum purchase of 25,000 tokens per verified account.
Token name – BTSE Token
Symbol – BTSE
Network – L-BTC
Total circulation –165, 904, 711 BTSE
Current circulation – 4, 354, 711 BTSE
24-hour Volume – $15
How to acquire a BTSE token?
Acquiring a BTSE token can be done in different ways. However, the easiest way is to purchase it from an exchange. To do this, all you need is to follow these easy steps:
- Find an exchange: The first step is to find the right exchange where you can acquire the token. Exchanges such as Coinbase and Bitfinex are a good fit for this process. When you have successfully found an exchange, you can go ahead to register with the exchange.
- Make a deposit – The next step is to deposit into your wallet as a crypto asset. Exchanges can have different payment methods, as well as regulations on deposits. Ensure to go through their payment information before starting this process.
- Swap asset to BTSE – The next step is to swap the purchased asset with BTSE. Some exchanges may give you an option as a “buy” function, and in this case, you would be buying the token directly using your chosen asset on the spot market of the exchange.
- Finally, withdraw your BTSE token to your crypto wallet. You can use a self-custody wallet like Coinbase Wallet or Trust Wallet to store your BTSE token securely. You will need to provide your wallet address and the amount of BTSE token you want to transfer. You will also need to pay a network fee to complete the transaction.
Alternatively, you can head over to the exchange register for free, and receive vouchers that can be redeemed as BTSE tokens. To register on BTSE, click here.
Benefits of BTSE token?
BTSE Token can be used for several functions with many benefits promising benefits. Let’s take a look at a few of them:
Trade
Users can trade using the token on BTSE’s spot market. You can also use the token as collateral on your margin trades.
Savings
Holding a BTSE token has great potential benefits, and holders can save up to 60% of their trading fees.
Spend
BTSE tokens can also be used to purchase services on the exchange. These purchases include platform services, advanced trading functions, and listing fees, among others within the BTSE ecosystem.
Earn
With the BTSE token, users can boost their referral bonus up to 40% based on their token holdings. They also stand the chance to win extra bonuses during campaigns and contests.
End note
BTSE token offers you many amazing advantages on the BTSE platform that make your trading, storing, and withdrawing much easier. You can get various discounts, stake tokens, generate multiple revenues, and even have a free withdrawal every month. With this info, you should be eager to get started with BTSE, so head on over to the exchange to get registered and win free tokens today.
You can learn more about the crypto exchange in our BTSE review.
FAQs
How can I buy BTSE tokens?
You can buy BTSE tokens on BTSE’s spot market using various fiat currencies and cryptocurrencies. You can also use the Express Buy feature to purchase a BTSE token with a credit card or bank transfer.
How can I save on trading fees with a BTSE token?
You can save up to 60% on your trading fees depending on your token holdings and trading volume. The more BTSE tokens you hold and the more you trade, the lower your fees will be.
How can I earn rewards with a BTSE token?
You can earn rewards with BTSE tokens by referring your friends to BTSE and increasing your referral bonus up to 40% based on your token holdings. You can also participate in various campaigns and contests to unlock bonuses and prizes.
How can I use the BTSE token as collateral and margin?
You can use BTSE tokens as collateral and margin on all your trades on BTSE’s spot and futures markets. This allows you to leverage your BTSE token holdings and access more trading opportunities.
