SecondBTC Exchange Overview

SecondBTC launched in June 2018 and is based in India. It’s a centralized cryptocurrency exchange that supports crypto-to-crypto trading across 38–42 pairs and offers roughly 28–39 tokens. While it doesn’t yet support fiat deposits, it targets users who already hold digital assets and want to swap them directly on a local platform.

Trading Volume & Liquidity

As of early July 2025, the platform reports a daily trading volume close to $46 million, roughly 447 BTC. That places SecondBTC around the 111th to 112th rank among centralized exchanges worldwide. Liquidity is modest, with most activity focused on a handful of pairs like BTC/USDT, ETH/USDT, and USDC/USDT. For small trades, this is generally fine, but larger orders might face slippage due to thinner books.

Trading Fees & Withdrawals

The exchange keeps its fee model simple:

• Trading costs sit at a flat 0.20% for both makers and takers, a bit higher for makers than the global average but close for takers.
• Withdrawals cost a fixed 0.0005 BTC, slightly under the standard 0.00053 BTC fee you’ll see elsewhere.

All in all, SecondBTC’s fees are competitive enough to suit casual or mid-level traders who want predictable charges.

Supported Cryptos & Markets

Depending on where you look, SecondBTC lists between 28 and 42 different cryptocurrencies, with about 38–50 trading pairs. You’ll find big names like BTC, ETH, USDC, XRP, and BNB, along with trend tokens like TON, PEPE, and DOGE. It’s a fair mix for those hunting mainstream or meme assets, though if you’re chasing obscure DeFi coins, the catalog may feel limited.

Fiat Support & Entry Barriers

SecondBTC does not accept fiat deposits. New users must bring crypto from another wallet or platform. That means if you’re just starting out and hold only fiat, you’ll need a separate on-ramp service first. This setup positions the exchange more for people who already own crypto and simply want to trade within it.

Security & Regulation

Security is where things start to wobble:

• The platform claims to use standard measures like cold storage, encryption, and high-speed trade matching.
• External risk checks give it a poor mark: a CER rating of “D” with a 15% security score, noting no penetration tests or bug bounties.
• It also holds no formal regulatory license.

For traders, that’s a signal to keep only modest balances here and not treat it as a long-term vault. While there have been no major breaches publicly reported, the absence of audits or strong oversight means risk remains.

User Interface & Support

SecondBTC’s interface gets decent remarks from users for being straightforward and clean. It allows login directly through MetaMask, skipping the typical email and password hassle. This speeds things up for crypto-natives but could confuse beginners. The exchange also claims 24/7 support, though details on actual live chat or response times are vague. Finally, there’s no dedicated mobile app, which could limit appeal for those wanting on-the-go access.

Pros and Cons

Before signing up, here’s a quick look at where SecondBTC stands out - and where it doesn’t.

Pros

• Competitive flat fee of 0.20% per trade
• Lower-than-average BTC withdrawal fee (0.0005 BTC)
• MetaMask login and simple interface
• Good for mid-cap and meme coin exposure

Cons

• No fiat on-ramps or withdrawals
• Trading volume is light, with thin liquidity on many pairs
• Poor external security score, no independent audits
• Lacks regulation and formal licenses
• Sparse support info, no mobile app for convenience

Who Is It For?

SecondBTC could make sense if you:

• Already hold crypto and want to explore smaller altcoins.
• Like the simplicity of MetaMask login without more passwords.
• Trade in small or medium sizes and don’t need institutional-level liquidity.

It’s probably not your first pick if you’re hunting for fiat integration, a heavily regulated venue, deep liquidity, or a slick mobile platform. Think of it more as a side tool than your primary trading hub.

Quick Comparison Table

Conclusion

SecondBTC delivers a straightforward crypto-only exchange with low flat fees, MetaMask access, and a fair spread of popular and meme tokens. That makes it interesting for hobbyists or those managing side portfolios. But its limited liquidity, lack of fiat options, unverified security posture, and zero regulatory footprint mean it’s best used cautiously.

If you’re trading small sums and want to diversify into a few alternative coins, it might work. For anything more serious, pairing it with larger, audited platforms would be the safer move.