[Exchanges](https://revain.org/exchanges/) › BTC Markets

# BTC Markets: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: BTC Markets Pty Ltd, ACN 164 093 887
- **Fees**: Spot taker: AUD/USDT pairs: 0.85% at $0.01-$500 30-day volume, falling to 0.10% at the top tier (as of 31 October 2026)
- **Risks and caveats**: Crypto in an account is not protected by deposit insurance or the government Financial Claims Scheme.
- **Checked**: 31 October 2026

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2013
- **Operator**: BTC Markets Pty Ltd (Australia, ACN 164 093 887)
- **Official site**: [btcmarkets.net](https://www.btcmarkets.net/)

Key facts checked on 31 October 2026 against official sources and regulator registers.

## What is BTC Markets

BTC Markets is an Australian centralised crypto exchange founded in 2013 and operated by BTC Markets Pty Ltd from Melbourne. It offers an order-book exchange (Advanced Trade), Quick Buy/Sell, OTC trading, accounts for self-managed super funds and staking, mainly for Australian residents.

## Good to know

- Accounts are generally for Australian residents; non-residents can only join as approved overseas users or liquidity providers at BTC Markets' discretion. [↗](https://web.archive.org/web/20260504102139/https://www.btcmarkets.net/terms-of-service)
- BTC Markets may appoint third-party custodians to hold customer crypto and can change these arrangements without the customer's consent. [↗](https://web.archive.org/web/20260504102139/https://www.btcmarkets.net/terms-of-service)
- Quick Buy/Sell charges no separate trading fee, but the price includes a spread; Advanced Trade fees start at 0.85% for the smallest 30-day volumes. [↗](https://web.archive.org/web/20260930201536/https://www.btcmarkets.net/fees)
- BTC Markets is an authorised representative of a related AFSL holder, BTCM Payments Pty Ltd, rather than holding its own AFSL. [↗](https://web.archive.org/web/20260930201536/https://www.btcmarkets.net/fees)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Advanced Trade order book for AUD and USDT pairs with volume-based fees. |
| Instant buy / sell | Quick Buy/Sell at a fixed quoted price that includes a spread. |
| OTC | OTC trading for large trades. |
| Staking / Earn | Staking of proof-of-stake assets, with slashing risk described in the terms. |
| Fiat deposits | AUD deposits and withdrawals free. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Australia | BTC Markets Pty Ltd | Registered with AUSTRAC as a virtual asset service provider (VASP) under the AML/CTF Act (company statement) | [AUSTRAC](https://web.archive.org/web/20260504102139/https://www.btcmarkets.net/terms-of-service) |
| Australia | BTC Markets Pty Ltd | Authorised representative AR No. 1297122 of BTCM Payments Pty Ltd, AFSL No. 525840 (company statement) | [Australian Securities and Investments Commission (ASIC)](https://web.archive.org/web/20260930201536/https://www.btcmarkets.net/fees) |

## Security and audits

- Customer crypto may be moved into and out of cold storage under internal risk policies, and may be held by third-party custodians.
- In 2023 BTC Markets described itself as a Gold Certified Member of the Australian Digital Commerce Association, assessed through an independent audit.

## Fees

| Parameter | Details |
|---|---|
| Spot taker | AUD/USDT pairs: 0.85% at $0.01-$500 30-day volume, falling to 0.10% at the top tier (as of 31 October 2026) |
| Spot maker | BTC pairs (ETH-BTC, LTC-BTC, XRP-BTC): flat -0.05% maker, 0.2% taker (as of 31 October 2026) |
| Deposits | AUD and crypto deposits free (as of 31 October 2026) |
| Withdrawals | AUD withdrawals free; crypto withdrawals carry a fixed fee per asset, e.g. 0.0002 BTC (as of 31 October 2026) |

## Who can use it

- Verification: Individuals must be at least 18; KYC information is required and instructions may be cancelled without it.
- For Australian residents only, except approved overseas users and liquidity providers accepted at BTC Markets' discretion; accounts linked to sanctioned persons can be frozen.

## History

| Date | Event |
|---|---|
| 2013 | BTC Markets is founded by two entrepreneurs to serve the Australian market. |
| 2023 | BTC Markets states it is the first fully certified digital currency exchange in Australia with the ADCA. |

## Risks and caveats

- Crypto in an account is not protected by deposit insurance or the government Financial Claims Scheme.
- Customer crypto may be held by third-party custodians, and the customer accepts the risks of that custody.
- Assets may be lost through hacks, system failure or fraud affecting BTC Markets or its custodians.

## About the company

- **Legal entity**: BTC Markets Pty Ltd, ACN 164 093 887
- **Founded**: 2013
- **CEO**: Lucas Dobbins
- **Headquarters**: Melbourne, Victoria, Australia (postal address GPO Box 3, Melbourne VIC 3001)

## Official links

- Website: [www.btcmarkets.net](https://www.btcmarkets.net/)
- Fees: [www.btcmarkets.net/fees](https://www.btcmarkets.net/fees)
- Licences: [www.btcmarkets.net/regulation](https://www.btcmarkets.net/regulation)
- Terms of use: [www.btcmarkets.net/terms-of-service](https://www.btcmarkets.net/terms-of-service)
- Security: [trust.btcmarkets.net](https://trust.btcmarkets.net/)
- Status: [status.btcmarkets.net](https://status.btcmarkets.net/)

## Questions and answers

**Is BTC Markets regulated?**

BTC Markets Pty Ltd says it is registered with AUSTRAC as a virtual asset service provider and is an authorised representative (AR No. 1297122) of BTCM Payments Pty Ltd, which holds AFSL No. 525840.

**Does BTC Markets publish proof of reserves?**

No public proof-of-reserves report is listed on its site; customer crypto may be held in cold storage and with third-party custodians.

**What are BTC Markets' fees?**

As of 31 October 2026 Advanced Trade fees for AUD/USDT pairs start at 0.85% and fall to 0.10% with volume; Quick Buy/Sell has no separate fee but includes a spread. AUD deposits and withdrawals are free.

**Can I use BTC Markets outside Australia?**

Accounts are for Australian residents, except approved overseas users and liquidity providers accepted at BTC Markets' discretion.

## Sources

- [BTC Markets - About us (archived 4 May 2026)](https://web.archive.org/web/20260504102154/https://www.btcmarkets.net/about-us)
- [BTC Markets - Terms of Service (archived 4 May 2026)](https://web.archive.org/web/20260504102139/https://www.btcmarkets.net/terms-of-service)
- [BTC Markets - Fees (archived 30 September 2026)](https://web.archive.org/web/20260930201536/https://www.btcmarkets.net/fees)
- [BTC Markets - Regulation (archived 1 February 2023)](https://web.archive.org/web/20230201191403/https://www.btcmarkets.net/regulation)

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Page updated: 2026-10-31

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Source: https://revain.org/exchanges/btc-markets/