BTCC
Exchange Review 2024
BTCC Exchange Review 2024
Author: Bridgit Murphy
Last Updated Jul 3, 2024 @ 07:47
BTCC is a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange launched in June 2011. Often regarded as one
of the earliest crypto exchanges, the platform has existed since Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin)
traded below $30. Over the past decade, the exchange has established its
presence in different countries across the globe.
BTCC enables users to buy, sell, and trade crypto assets like Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin),
Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum), Solana (SOL), and more. The platform also supports the trading
and storing of fungible and non-fungible tokens.
Today, BTCC boasts over one million registered users. The company s
official website also reveals the exchange handles $75 billion in crypto
trading volume within 24 hours.
That said, this BTCC guide explains how to get started with the crypto
exchange. This article also explains some of the platform s features,
including its futures trading.
Here s a quick outline to ease your navigation through the guide:
How to Register on BTCC
How to Deposit and Withdraw on BTCC
BTCC Futures Trading
BTCC Futures Copy Trading
BTCC Security Review
Five Reasons to Choose BTCC
BTCC NFT Marketplace
Frequently Asked Questions (FAQs)
Conclusion
How to Register on BTCC
Creating an account is the first step towards using the BTCC platform. The
registration process is straightforward and only takes a few minutes. We will
explain how to create an account using the exchange s web version.
Step 1: To get started, go to the official BTCC website. On the top right
corner of the page, you ll find the Register option, as
shown in the image below. Click on it to kickstart the registration process.
This simple step sets the foundation for your crypto trading adventure on
BTCC.
Register now and get started with a 10 USDT coupon!
Step 2: Next, you must provide a valid email address• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты and create a strong or
unique password for your account. To complete the registration process, you
must retrieve the confirmation code in the email• Коммуникации » Интернет-коммуникации » Электронная почта
• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты and input it on the platform.
There is also a verification process involving dragging a slider. This
additional step aims to authenticate your account and boost its overall
security.
Step 3: After initial registration, you must undergo a Know Your Customer
(KYC) to access BTCC s full suite of products. It involves confirming
your resident country, submitting a photo of your identity document, adding
your mobile number, and taking a selfie. These actions aim to contribute to
the overall security architecture of your BTCC account.
Users can implement security measures like two-factor authentication (2FA) to
protect their accounts from hackers.
How to Deposit and Withdraw on BTCC
After account creation and protection, you can begin crypto trading activities
on your BTCC account. The platform offers several deposit methods, such as
bank transfer, cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, debit card, and credit card. This article will
focus on crypto deposits and withdrawals on BTCC.
How to Deposit on BTCC
Choosing the right cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта is the first step to deposit into a BTCC
account. Selecting the wrong crypto asset or underlying network can cause
permanent asset loss. Here is a quick walkthrough of the depositing process:
Step 1: After logging in, navigate to the top right side of the page and
select Assets, as shown in the image below.
Step 2: From the drop-down menu, click on Deposit.
Step 3: Select the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта you wish to deposit and the preferred
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн network for the asset. In the example below, we selected USDT as
the preferred crypto and the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum network (ERC20) as the underlying
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн. Copy the wallet address (a combination of random letters and
numbers) assigned to your account.
Always ensure you select the right assets and network before initiating the
transfer.
Step 4: Enter the wallet address, amount, and underlying network in the
withdrawal page of the separate crypto exchange or crypto wallet holding the
asset. Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance, another crypto exchange, will be used as an example of the
different platforms from which the crypto asset would be sent.
Step 5: The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта will be transferred to the BTCC account in minutes,
depending on the network s speed. Remember to buy your crypto from
reliable sources to avoid being phished.
How to Withdraw on BTCC
Here s a simple step-by-step process to withdraw:
Step 1: Navigate to the top right of your dashboard and select
Asset.
Step 2: Like the depositing process, select the crypto asset and the
underlying network you want to use for the withdrawal. Then, paste the wallet
address and input the withdrawal amount before submitting your request.
Step 3: Wait for the withdrawn assets to be sent to the wallet address
provided. Depending on the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн, this process takes a few seconds to
several minutes for transactions to be confirmed.
BTCC Futures Trading
BTCC exchange offers two kinds of trading: spot trading and futures trading.
Spot trading involves buying or selling a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта at its current market
value. Futures trading, on the other hand, is a type of derivatives trading in
which traders bet on the future price of a crypto asset. Futures trading
enables users to speculate on a coin s value without owning the asset.
This guide will extensively discuss BTCC s futures trading. The exchange
offers over 300 assets in its futures trading market, allowing traders to
trade digital assets like BTC with up to 225x leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля. Additionally, the
platform offers tokenized futures, including gold, silver, and US stocks,
providing diverse trading opportunities for users.
To use the BTCC futures trading functionality, users must register, verify,
secure, and fund their accounts. The next step is to start trading. Here, we
will focus on trading BTC. Below is a breakdown of how to trade futures on
BTCC:
Step 1: Navigate to the Trading section on the BTCC platform. On the mobile
app, the trading section is located in the lower part of the home page, as
shown in the image below:
Step 2: Select the type of crypto futures to trade. The exchange offers over
300 coins and trading pairs, as stated earlier. For this guide, we will choose
the BTC/USDT trading pair as shown in the image below:
Step 3: Choose the order types for the trade. These are accessible through the
Market Order, Limit Order, and SL/TP Order on the main trading page.
Market Order: This involves buying or selling a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта at the best
available price at the current time.
Limit Order: This refers to buying or selling a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта at a price the
trader sets. A buy order is executed when the limit price is attained or
lower, and a sell order is executed when it is reached or higher.
SL/TP Order: SL means stop loss. TP means take profit. Traders use this
feature to show how much they are willing to risk while trading. By setting a
stop-loss, the trader indicates the lowest price the traded asset or pair will
attain before being automatically withdrawn to reduce losses. Conversely, the
take-profit feature involves setting a fixed peak price the asset will reach
before being withdrawn, thus locking in profits for the trader.
Step 4: Choose the preferred leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля. Traders use this feature to increase
the quantity of their trading assets while depositing smaller amounts. The aim
is to lock in as much profits as possible in cases where market volatility is
favourable. BTCC allows BTC traders to trade with up to 225x leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля.
Step 5: Choose the quantity of crypto to trade in the provided field, as shown
below.
Step 6: Select Open Long or Open Short to execute the trade.
A long position involves trading a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, hoping its value will rise.
It capitalizes on the idea of buying low and selling high. On the other hand,
a short position entails selling a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to reacquire it at a lower
price.
Check out BTC futures now with up to 225x leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля on BTCC.
BTCC Futures Copy Trading
Copy trading is a feature that allows beginner traders to copy part or all of
the trading actions of experienced traders. BTCC offers this feature in its
Futures market. The feature is accessible on the crypto exchange s
mobile and web versions. Users access the copy trading functionality from the
Futures section on the web version, as shown in the image below.
Once opened, users can choose to copy their desired pro trader. As shown in
the image below, the portfolios of these experienced traders are displayed to
guide each user s decision.
BTCC Security Review
Before investing in a crypto project, users must verify the exchange s
security strength. This is due to the rise in incidents of hackers exploiting
crypto projects to steal millions of dollars worth of users assets.
Bearing this in mind, BTCC brands itself as an exchange committed to providing
users with the highest level of security in the industry, enabling them to
trade crypto easily and conveniently. In fact, the crypto exchange prides its
badge as a firm that has never experienced a security breach since its debut.
It is possible because of the cohort of security features implemented on the
platform.
To ensure its customers safety, BTCC adopts various security measures,
such as segregated 1:1 storage of user funds. It involves storing users
assets on a one-to-one basis. With this mechanism, BTC will be stored if users
deposit BTC; USDT will be stored if users deposit USDT. Users funds and
company assets are entirely segregated from each other.
The platform stores customer s assets in a multi-signature cold wallet
for enhanced security. A cold wallet is an offline digital wallet with no
internet or smart contract interaction, reducing the risk of online threats
from malicious actors.
In addition to safeguarding users assets, BTCC has established a set of
money laundering preventive (AML/CFT) measures. Bad actors capitalize on
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта transactions private and anonymous nature to launder
illicit funds. To combat this, BTCC demands users verify their identities
using the identity verification process before depositing and withdrawing
crypto assets. Admittedly, the measure may seem inconvenient to some users.
But, its advantage outweighs its demerit.
Another security measure taken by BTCC is ensuring secure communication and
login in the platform through encrypted networks. The platform uses SSL
encryption to protect users personal data. Also, all sensitive account
information is encrypted at the data and system levels, and access is
monitored strictly.
BTCC s security further strengthens users security through
two-factor authentication (2FA). Users can set up this verification method
using their phone, email• Коммуникации » Интернет-коммуникации » Электронная почта
• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты, or Google• Объект организация » Организации по алфавиту » Организации на Go » Google (компания) Authenticator. For enhanced protection,
the BTCC web version includes a login history section that allows users to see
when and where they logged in.
It is worth noting that the platform locks users accounts if they enter
the wrong password several times while logging in. An email• Коммуникации » Интернет-коммуникации » Электронная почта
• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты or SMS
notification is sent to the customer when this happens to protect the account
from hackers.
There is also a penetration test whereby the platform s team of experts
seeks to strictly implement internal and external system audits to ensure BTCC
is free from hackers.
Furthermore, BTCC has not issued any tokens under its name and is completely
self-funded. The exchange said they did not invest or participate in any
staking or DeFi project. Therefore, the sale of tokens or extreme market
conditions will not affect the firm s financial situation. Users may
withdraw their assets at any time.
Why Choose BTCC?
BTCC is known as the longest-running exchange in the world. Since its
inception, the platform has weathered the ups and downs of numerous bull and
bear markets without a single hack accident report, making it one of the most
trusted exchanges in operation.
The firm aims to cater to the needs and demands of both novice and seasoned
traders with its solutions. Here are five reasons to use the exchange:
Available Cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта on the Exchange
As a leading crypto exchange, BTCC offers over 300 cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта on its
platform, enabling investors to diversify their digital portfolios and explore
various investment opportunities in the digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market. The platform
also features access to newer but equally promising alternatives, such as
Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin (LTC) and Ripple (XRP).
The selection of tradable coins is expected to grow as BTCC is constantly
dedicated to innovation and accepting new but promising digital currencies to
make itself accessible to a broad range of traders.
Ease of Use
When selecting a good crypto exchange, ease of use is a significant factor to
consider. The BTCC app offers an intuitive and user-friendly interface
suitable for both a beginner and a seasoned trader, making trading on the
platform streamlined and straightforward. It includes functions like price
alerts and real-time market data, enhancing the trading experience. Security
measures such as two-factor authentication and cold storage for funds are also
implemented in the app.
The platform has a capable charting system and displays data like a
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s 24-hour price change, 24-hour low/high, and daily
volume. These features make it easy to use and accessible to the vast
majority.
Reputable Customer Service
BTCC enjoys a good reputation in terms of customer service. The exchange
provides support to the users through live chat and email• Коммуникации » Интернет-коммуникации » Электронная почта
• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты on its website. It
has official profiles on various social media• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети platforms, including X (formerly
Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc.), LinkedIn• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » LinkedIn, Instagram• Объект организация » Организации по алфавиту » Организации на In » Instagram (компания) » Instagram
• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Instagram
• Информационные технологии » Информатика » Программирование » Программное обеспечение » Производитель программного обеспечения » Программное обеспечение Apple Inc. » Операционные системы Apple Inc. » Apple IOS » Instagram
• Информационные технологии » Информатика » Программирование » Платформы программирования » Операционные системы » Операционные системы Apple Inc. » Apple IOS » Instagram
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » Операционные системы для мобильных устройств » Apple IOS » Instagram
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » Операционные системы Apple Inc. » Apple IOS » Instagram
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Программное обеспечение » Производитель программного обеспечения » Программное обеспечение Apple Inc. » Операционные системы Apple Inc. » Apple IOS » Instagram
• Информационные технологии » Информатика » Программирование » Платформы программирования » Операционные системы » Операционные системы для мобильных устройств » Apple IOS » Instagram
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » Операционные системы Apple Inc. » Apple IOS » Instagram
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » Операционные системы для мобильных устройств » Apple IOS » Instagram
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Программное обеспечение » Производитель программного обеспечения » Программное обеспечение Apple Inc. » Операционные системы Apple Inc. » Apple IOS » Instagram, YouTube• Объект организация » Организации по алфавиту » Организации на Yo » YouTube, and Facebook• Объект организация » Организации по алфавиту » Организации на Me » Meta (компания) » Facebook
• Объект организация » Организации по алфавиту » Организации на Fa » Facebook. The website also offers
a section with blogs, news, and support centers for users seeking assistance.
When users experience problems or have complaints while using the crypto
exchange, they can get timely customer support via email• Коммуникации » Интернет-коммуникации » Электронная почта
• Коммуникации » Интернет-коммуникации » Электронная почта » Адрес электронной почты and live chat. BTCC
offers 24/7 online customer service.
BTCC Trading Features and Tools
BTCC offers a wide range of trading services, including spot trading, futures
trading, and margin trading• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля. It provides high-leverage• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Маржинальная торговля options for various
trading pairs, making it suitable for different types of traders.
Welcome Bonus and a Variety of Fun Campaigns
BTCC currently offers different campaigns. Investors can participate in these
campaigns to win exciting rewards. For example, new users can earn rewards up
to 10,055 USDT by completing relevant missions such as registration, identity
verification, making first deposits, and cumulative futures trading volume.
Existing users can earn up to 1,255 USDT per referral when they invite their
friends to join BTCC.
BWTC 2024 Campaign
BTCC hosts the BTCC World Trading Competition (BWTC) 2024 campaign. Through
the campaign, the exchange allows the most active users to compete for rewards
from a total prize pool of 10 million USDT. The exchange partitions this
competition into Individual trading, Copy trading, and Referral.
Under the Individual trading competition, traders compete for a share of 1.4
million USDT in daily, weekly, and monthly rewards. Based on their ranking on
the leaderboard, each user can earn a staggering 26,700 USDT monthly. Daily
rewards are received within three business• Экономика » Бизнес days, and weekly rewards are
transferred in five working days. Winners receive the monthly rewards within
ten business• Экономика » Бизнес days.
To benefit from this profitable campaign, users must have a trading volume of
approximately 5,000 USDT for the daily prize pool, 20,000 USDT for the weekly
prize pool, and 40,000 USDT for the monthly prize pool.
Under the Copy trading competition, users can showcase their trading abilities
as lead traders or follow top traders as copy traders for a share in a prize
pool of 200,000 USDT. To qualify for the rewards, lead traders must have at
least 500,000 USDT in assets under management (AUM) or a minimum of 10 copy
traders. Copy traders must have a minimum copy trading volume of 200,000 USDT
or at least 50 copy trades to be eligible for the rewards. Winners will
receive the rewards within ten business• Экономика » Бизнес days.
BTCC makes the third tier of the BWTC campaign simple for users unfamiliar
with crypto trading activities. The Referral competition requires inviting
friends to register a BTCC account and deposit a minimum of 200 USDT.
Participants must have at least two valid referrals to qualify for a share in
a prize pool of 65,000 USDT. Invited friends do not need to register for the
BWTC 2024 campaign. Rewards are distributed within ten business• Экономика » Бизнес days.
Aside from the BWTC 2024 campaign, BTCC runs a weekly giveaway to its
followers on X (formerly Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc.). Follow BTCC on its official X handle to
partake in this rewarding campaign.
Frequently Asked Questions (FAQs)
Is BTCC Safe?
Judging from the exchange s record since 2011, BTCC has proven to be a
safe crypto exchange. It has recorded no report of fraudulent activities
involving the platform s backend or users accounts. The crypto
trading platform provides more safety to users by implementing compulsory
know-your-customer (KYC) and anti-money laundering (AML) policies. It also
offers added security measures like two-factor authentication (2FA) for
actions like withdrawals.
Does BTCC Require KYC?
Yes. Users must complete the Know Your Customer (KYC) procedure before using
BTCC products. This procedure entails submitting valid identification
documents and a facial recognition scan. It is often completed within a few
minutes. The advantage of this process is that it fortifies the
exchange s security and meets regulatory requirements.
Users who do not complete their KYC cannot make deposits as their accounts
will have a lower daily withdrawal limit. Note that those who provide a valid
ID without a facial recognition scan will also have a limited withdrawal
capability.
Does BTCC Have a Mobile App?
Yes. BTCC has a mobile app for iOS and Android users. The mobile app is
downloadable via the exchange s homepage. The mobile app and web version
are similar since both have the same features and functions.
Will I Pay Trading Fees on BTCC?
Yes. Like many other centralized exchanges, BTCC charges a fee for trading
activities. These fees vary based on each user s VIP level, which is
unlocked based on the user s available balance. The fee rates are
outlined on the BTCC website.
Can I Access BTCC From the U.S.?
Yes, you can. BTCC s website shows that it has acquired a crypto license
from the United States Financial Crimes Enforcement Network (FinCEN• Объект организация » Организации по алфавиту » Организации на Пр » Правительство США » Министерство финансов США » Financial Crimes Enforcement Network (FinCEN)
• Объект организация » Организации по алфавиту » Организации на Ми » Министерство финансов США » Financial Crimes Enforcement Network (FinCEN)
• Объект организация » Организации по алфавиту » Организации на Fi » Financial Crimes Enforcement Network (FinCEN)
• Государство » Государственное устройство США » Правительство США » Министерство финансов США » Financial Crimes Enforcement Network (FinCEN)
• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США » Министерство финансов США » Financial Crimes Enforcement Network (FinCEN)), making
the crypto exchange eligible to offer its services to U.S.-based investors.
Meanwhile, BTCC s User Agreement document reveals that countries and
entities sanctioned by the U.S. and other countries where it is licensed are
prohibited from using its products.
BTCC vs. Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance: What s the Difference?
BTCC and Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance are two separate cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchanges. BTCC is one of the
oldest active Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin trading platforms in the industry. It was launched in
June 2011, while Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance started operations six years later, in July 2017.
They also have varying numbers of users and hold different rankings in the
list of centralized exchanges. There are some variations in the products
offered by both exchanges.
Overall, BTCC and Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance have similar features, enabling users to buy, sell,
and trade digital assets. Users must weigh the functionalities and risks of
both exchanges before deciding which to invest in.
Conclusion
BTCC prides itself on being one of the earliest crypto exchanges in the
industry. With a switch in administration, BTCC has become an accessible
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange worldwide. The platform also offers diverse crypto
products designed with over a decade of experience in the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Despite these feats, it is vital to perform due diligence before using BTCC.
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