SecondBTC Fee Calculator
Your estimated trading cost on SecondBTC:
Fee: 0.20% of trade value
With a trade amount of $0.00, the cost would be $0.00.
Fee Comparison Overview
SecondBTC charges a flat 0.20% fee for both makers and takers. This is competitive for low-volume traders but may be higher than Binance's tiered structure or Coinbase's spread-based fees.
For high-volume traders, Binance offers lower rates (down to 0.02%) while Coinbase's fees can exceed 1.49% for small trades.
When you’re hunting for a crypto exchange that lets you swap digital assets without ever touching fiat, SecondBTC is a India‑based, crypto‑to‑crypto platform that launched in June 2018. It promises a clean, flat‑fee structure and a modest list of 34 coins. But does it live up to the hype, or is it better suited for a niche set of traders? Below we break down every angle you’ll need to decide if this exchange belongs in your toolbox.
Key Takeaways
- SecondBTC only supports crypto‑to‑crypto trades - no fiat deposits or withdrawals.
- Flat 0.20% fee for makers and takers, comparable to mid‑tier exchanges.
- 34 tradable assets, including Ethereum the second‑largest cryptocurrency by market cap, Ripple a payment‑network focused digital asset and Tether a USD‑pegged stablecoin.
- 24‑hour volume peaked at about $1.1million in 2021 - a tiny slice of the global market.
- Regulatory oversight is absent; security relies on basic 2FA and user‑driven KYC.
Below we unpack each of these points, compare SecondBTC to industry giants, and outline who might actually benefit from using it.
What is SecondBTC?
SecondBTC positions itself as a pure crypto‑to‑crypto exchange. Based out of India, the platform went live on 15June2018 and has kept its focus narrow: no fiat on‑ramps, no futures or margin trading, just spot swaps between digital assets. This design choice cuts out the compliance headaches that come with handling traditional money, but it also excludes newcomers who need to convert cash into crypto.
Because the exchange doesn’t claim regulation from any financial authority, users are left to judge its reliability based on public data, community feedback, and the platform’s own security claims.
Coins Available and Trading Tools
The current roster features 34 cryptocurrencies. The big names - Ethereum, Ripple, and Tether - are there, but the list lacks many newer DeFi tokens and low‑cap projects that larger exchanges showcase. For a trader who only needs the top‑tier coins, the selection is adequate; for anyone chasing the next altcoin hype, it feels restrictive.
On the UI side, SecondBTC uses a straightforward “order‑book” layout reminiscent of early‑stage exchanges. Users see a price chart, order history, and simple “Buy” / “Sell” boxes. There are no advanced charting plugins, custom indicators, or API‑driven bots - features you’d expect on platforms like Binance.
Fee Structure - Is 0.20% Really Flat?
SecondBTC publishes a single 0.20% fee for both market makers and takers. In contrast, Binance employs a tiered model that can dip below 0.10% for high‑volume traders, while Coinbase charges a variable spread plus a flat fee that can exceed 0.50% for small trades. On paper, a flat 0.20% seems competitive, especially for low‑volume users who don’t qualify for volume discounts elsewhere.
However, the exchange is vague about withdrawal fees, deposit methods, and any hidden costs. Users have reported that while deposits (crypto only) are free, withdrawals incur network‑level gas fees that vary by blockchain. Without transparent documentation, it’s hard to calculate the true landed cost of a trade.
Liquidity and Trading Volume
Liquidity is the lifeblood of any exchange. According to CoinGecko, the 24‑hour volume on 12Nov2019 sat at $616,644. By 2Dec2021, it grew to roughly $1.1million. That growth is modest compared to Binance’s daily volume exceeding $40billion in 2024. Low volume translates to wider spreads, slower order fills, and a higher chance of slippage on larger orders.
For a trader moving under $5,000 per day, the impact is minimal; for anyone dealing with larger positions, the limited depth can be a deal‑breaker.
Security, KYC, and Regulatory Landscape
Security on SecondBTC hinges on two core practices: two‑factor authentication (2FA) and a basic KYC process. After signing up with name, email, and password, users must verify their email and upload a government ID for KYC. The platform encourages strong passwords and 2FA, but there’s no mention of cold‑storage percentages, insurance funds, or regular security audits.
The exchange does not hold any specific regulator’s license, which means there’s no statutory consumer protection. US‑based users are warned to check local laws before trading - a disclaimer that highlights regulatory uncertainty.
User Experience and Customer Support
First‑time users typically praise the clean registration flow and quick deposit confirmations. The trading screen loads fast, and withdrawals usually hit the blockchain within a few minutes, according to anecdotal reports.
Support, however, is a weak spot. The only contact avenue is an email form; live chat and phone support are absent. Response times can stretch beyond 48hours, and the FAQ section is sparse. This lack of responsive support can be stressful if you encounter a withdrawal delay or a security incident.
How Does SecondBTC Stack Up? (Comparison Table)
| Feature | SecondBTC | Binance | Coinbase |
|---|---|---|---|
| Fiat deposits/withdrawals | No | Yes (many currencies) | Yes (USD, EUR, GBP…) |
| Number of tradable assets | 34 | 5,000+ | 250+ |
| Flat fee | 0.20% both sides | 0.10%‑0.02% tiered | 0.50%‑1.49% spread + flat |
| 24‑hour volume (approx.) | $1.1M | $40B+ | $8B |
| Regulatory status | Unregulated | Licensed in multiple jurisdictions | Fully regulated (US, EU) |
| Security features | 2FA, basic KYC | Cold storage, insurance fund, 2FA, device management | Cold storage, FDIC‑insured USD balances, 2FA |
| Customer support | Email only, slow response | 24/7 live chat, ticket system | Phone, live chat, email |
Pros and Cons
- Pros:
- Flat 0.20% fee simplifies cost calculation.
- Fast crypto‑only deposits and withdrawals.
- Simple UI suitable for traders who don’t need advanced charts.
- Cons:
- No fiat on‑ramps - you must already own crypto.
- Limited coin selection compared with major exchanges.
- Low liquidity leads to wider spreads and potential slippage.
- Unregulated environment and minimal security guarantees.
- Poor customer support response times.
Who Might Benefit From SecondBTC?
If you already hold a handful of major coins and need a quick place to swap them without dealing with KYC-heavy fiat gateways, SecondBTC can be a handy intermediate hub. The flat fee is attractive for small‑scale traders who want predictable costs. However, if you’re a newcomer, a high‑volume trader, or someone who prioritizes regulatory protection, platforms like Binance or Coinbase are far safer bets.
Final Verdict
SecondBTC fills a narrow niche: crypto‑to‑crypto spot trading with a simple fee model. Its modest coin list, low trading volume, and lack of regulatory oversight make it a second‑tier option at best. For users who already have crypto and want a no‑frills swap, it works; for anyone else, the trade‑off isn’t worth the risk.
Frequently Asked Questions
Can I deposit fiat money into SecondBTC?
No. SecondBTC only accepts cryptocurrency deposits. You’ll need to buy crypto on a fiat‑friendly exchange first, then transfer it to your SecondBTC wallet.
Is SecondBTC regulated in any jurisdiction?
The exchange does not hold a license from any financial regulator. Users operate at their own risk and should consider the lack of consumer protection.
What security measures does SecondBTC offer?
Security is limited to two‑factor authentication (2FA) and a basic KYC process. There is no public information about cold‑storage ratios or insurance funds.
How do the fees compare to Binance and Coinbase?
SecondBTC’s flat 0.20% fee sits between Binance’s tiered sub‑0.10% rates for high‑volume traders and Coinbase’s 0.50%‑1.49% spread‑plus‑flat structure. For low‑volume users, SecondBTC can be cheaper than Coinbase but usually more expensive than Binance’s discounted tiers.
Is there a mobile app for SecondBTC?
Yes, SecondBTC offers a basic Android and iOS app that mirrors the web UI. It lacks advanced charting features found in competitor apps.
Finance
Mark Briggs
July 28, 2025 AT 08:48Wow, another exchange charging 0.2%? Groundbreaking.
mannu kumar rajpoot
August 3, 2025 AT 03:42It's not a coincidence that they hide extra fees behind a sleek UI. The real cost shows up only after the trade is settled, and you never see it coming. Some say the leadership is also part of a larger network that manipulates market data. Keep your eyes open.
Tilly Fluf
August 8, 2025 AT 22:35Dear readers, I commend the author for presenting a concise overview of SecondBTC's fee schedule. It is evident that the platform strives for transparency, which is a laudable pursuit in the crypto sphere. May I suggest that further scrutiny be applied to the security protocols, as these are of paramount importance to investors. In any case, the information provided serves as a worthwhile foundation for prospective traders.
Darren R.
August 14, 2025 AT 17:28Behold, the grand theatre of crypto exchanges, where every fee is a whispered promise of profit, and every promise is a drumbeat of destiny! Yet, amidst the glittering charts and ostentatious slogans, one must ask: does the 0.20% levy truly reflect the value bestowed upon the humble trader, or is it merely a veil, a miasma of illusion, that conceals the deeper machinations of a market hungry for control? In the end, truth is a river, relentless and unforgiving, carving its path through the bedrock of speculation.
Hardik Kanzariya
August 20, 2025 AT 12:22Hey, I get where you're coming from – the drama can be overwhelming. Just remember, the fee is flat, so once you know the number, you can plan your trades with confidence.
Millsaps Delaine
August 26, 2025 AT 07:15Allow me to elucidate, in an extended exposition, the multifaceted considerations pertinent to the SecondBTC exchange, which, while modest in its surface-level presentation, conceals a labyrinthine architecture of financial nuance. Firstly, the ostensibly modest 0.20% fee, when juxtaposed against the tiered structures of larger platforms, offers a predictable cost model that may appeal to the risk-averse, yet it does not account for the hidden costs embedded within withdrawal limits and network congestion. Secondly, the exchange's coin roster, though inclusive of major assets such as Bitcoin, Ethereum, and Tether, conspicuously omits burgeoning tokens that have demonstrated substantial utility and liquidity in decentralized ecosystems, thereby restricting diversification opportunities for discerning investors. Thirdly, the platform's security protocols, while boasting two-factor authentication and cold storage practices, have yet to publish a comprehensive audit trail or third‑party verification, leaving a residual veil of uncertainty over custodial safeguards. Moreover, the user interface, though functional, suffers from a paucity of advanced charting tools and order‑type granularity, compelling seasoned traders to revert to ancillary platforms for sophisticated strategies. In addition, the fee calculator embedded within the site, while a commendable educational tool, currently defaults to a zero‑trade amount, thereby impairing its utility for realistic scenario planning. Furthermore, the liquidity depth of SecondBTC, as evidenced by order‑book snapshots, reveals a modest spread that may exacerbate slippage for sizable transactions, a factor often overlooked by casual participants. Fourthly, the regulatory posture of the exchange remains ambiguous; the absence of explicit licensing disclosures raises questions about jurisdictional compliance and consumer protection mechanisms. Fifthly, the community support infrastructure, though staffed by responsive personnel, lacks a robust knowledge base, rendering self‑service troubleshooting a somewhat arduous endeavor. Sixthly, the exchange's fee model, being uniform for makers and takers, may disincentivize liquidity provision, thereby diminishing market efficiency over time. Seventhly, the platform's API architecture, while publicly documented, offers limited rate limits that could hamper algorithmic trading pursuits. Finally, in the broader context of the evolving crypto landscape, SecondBTC occupies a niche that balances accessibility with modest ambition, rendering it a viable entry point for novices, yet demanding caution and due diligence from more seasoned market participants. In summation, prospective users should weigh these intricate variables against their individual risk tolerance, trading volume, and strategic objectives before committing capital to the platform.
Jack Fans
September 1, 2025 AT 02:08Hey folks, if you're eyeing the fee structure, note that SecondBTC charges a flat 0.20% per trade, which is comparable to many mid‑tier exchanges. However, keep an eye on withdrawal limits - they can be a bit restrictive, especially for large sums. Also, the UI could use some polish; I’ve seen a couple of minor bugs in the order‑book view, so don't be surprised if you encounter a glitch. Overall, it's a solid option for starters, but you might want to double‑check the security reports before diving in.
Adetoyese Oluyomi-Deji Olugunna
September 6, 2025 AT 21:02Honestly, the platform feels like a relicc from the early days of crypto, and its UI is more museum exhibit than modern tool. It does the job, but you can do better elsewhere.
Krithika Natarajan
September 12, 2025 AT 15:55I appreciate the thorough breakdown. The fee structure seems clear.
kishan kumar
September 18, 2025 AT 10:48In the grand tapestry of decentralized finance, one must ponder the ethical ramifications of fee homogeny. Does a uniform 0.20% truly reflect the disparate value added by different market participants? Or does it mask an underlying power dynamic that favours the custodians of liquidity? These are questions worthy of contemplation. 🙂
Kevin Fellows
September 24, 2025 AT 05:42Nice rundown! The flat fee is pretty sweet for newbies, and the security overview gave me some peace of mind.
Peter Johansson
September 30, 2025 AT 00:35Great info! If you’re just starting out, the predictable fee can simplify budgeting. Keep an eye on those withdrawal limits, though. 😊
Cindy Hernandez
October 5, 2025 AT 19:28Thanks for the detailed review. It’s helpful to see the comparison with larger exchanges and understand where SecondBTC fits in the ecosystem.