As a final verification step we may send a letter to your physical address listed in your profile with an activation code. We send these letters each weekday from Melbourne and delivery times are as per usual Australia Post delivery times. Please be advised in some areas it can take for up to 10 days for the activation letter to arrive. Jul 25, · Provided any additional requested information to support to complete the verification process If you have completed the abov e, but your account verification is still pending, please complete your support request and a member of the support team will get in touch as soon as possible. To verify your BTC Markets account: Log in to your BTC Markets account. Select ‘Account’ and the n ‘ID Verification’. Read and agree to the terms and conditions of the ID verification process. Verify your account using your identity documents. Start trading.
Btc markets account verificationBTC Markets Cryptocurrency Exchange Review - Crypto Head
If this email does not appear in your inbox, please check your spam and junk folders. Profile Now that your account has been created, you will be able to log in and complete your profile. Please ensure your details are current, as inputting out-of-date or incorrect details here may delay you from verifying your ID. This also helps us get in touch with you if ever required. Carefully read through our instructions and the terms and conditions of the verification process. On the Green ID application page, you will be required to verify your identity against 1 source of government ID.
Along with your ID, you will need to verify your current residential address. Fines, police checks, etc. If further information is required to verify your account, we will get in touch with you via email. Like some other exchanges, BTC Markets tells you the current price and allows you to spend that amount or choose not to. However, the exchange also offers a limit order selection, which you can use to create an order when the price changes.
That means BTC Markets will fill the order if the market price drops to your desired level. Like many other exchanges, BTC Markets offers support through an online support page that answers commonly asked questions. If you have a more specific problem, the exchange does have a ticketing system you can use. These types of issues result in direct responses by the BTC Markets customer support team.
Most user reviews complain that the exchange does not offer phone or chat support, which would come in handy when users have questions or issues that could be handled quickly. Identity verification makes the exchange safer. For even more security, it is highly recommended that all account holders enable two-factor authentication 2FA. It creates an extra security layer that helps protect your account in the event someone with malicious intentions attempts to access it.
BTC Markets creates another security layer by implementing a system of hot and cold wallets, along with encrypted wallets which it keeps off-site. This system helps to spread its stored assets between several secured areas. The platform also uses advanced cybersecurity methods which help to ensure that your funds are protected against hackers.
To protect your assets, BTC Markets holds a complete reserve of holdings which matches what customers currently hold on the platform. Hourly audit reconciliations are performed on the site, as well as twice-daily cryptocurrency bank account and cold wallet match confirmations. It is also highly suggested that account holders move large quantities of digital currencies into an offline storage wallet.
Funds in an online wallet are susceptible to attacks, no matter how secure the platform is. The GreenID section will request that you provide at least one form of government identification. BTC Markets will accept tenant agreements, bank statements, utility bills, vehicle registration, and other government-issued documentation as proof of residency.
If the platform does need more information, you will receive a separate email outlining what is required to verify your information. Respond with the requested information to receive confirmation that your account is approved.
Trading can be done via smartphone using the BTC Markets website, but doing so is challenging. This is a disappointing aspect of BTC Markets, given the popularity of mobile browsing and app integration. Currently, BTC Markets is intended for use by those who reside in Australia and are interested in buying, selling, and trading cryptocurrencies. BTC Markets does not provide a cryptocurrency wallet and recommends that users choose a third-party wallet to withdraw and manage their funds after trading on the exchange.
They specifically call out Electrum for Litecoin or Blockchain Wallet for Bitcoin, but there are many choices. Do some research on wallets and get educated on how to manage your wallets. Though relatively new to the market and only available in Australia, BTC Markets is a powerful platform with good desktop usability and security. Independent Reserve Review.
Best Crypto Exchanges for Australia. James is the main editor. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He's responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk. Their prices and performance is very unpredictable and past performance is no guarantee of future performance.
Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.