BTCC Exchange Review – is it Legit?

Welcome to our in-depth assessment of BTCC, a well-known player in the cryptocurrency exchange market. Serving a varied user base, BTCC has made considerable gains since its beginning and continues to be a valued platform for engaging with digital assets. Read on the entire BTCC Exchange Review to know more about the platform!

What is BTCC Exchange?

Bobby Lee started BTCC back in 2011. Bobby Lee is the brother of Charlie Lee, who is well-known for Coinbase and Litecoin. BTCC attracted tens of millions of dollars in venture funding from Chinese and international investors, and in the years that followed, it developed to become China’s largest exchange.

Its primary focus is on major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin. BTCC is well-known for its user-friendly interface, competitive pricing, and dependable customer service. With its long-standing reputation and comprehensive offers, BTCC has established itself as a trustworthy platform for cryptocurrency lovers and traders worldwide.

BTCC Features

• BTCC crypto exchange has been one of the oldest and most recognized bitcoin exchanges since 2011.
• BTCC provides a variety of services, including spot trading, futures trading, and mining pools.
• The platform supports prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
• BTCC has a straightforward interface that allows both new and experienced traders to explore and make deals.
• BTCC provides a tiered fee structure based on trading volume, ensuring that fees are competitive for traders of all levels.
• BTCC offers leverage options of up to 150x for daily futures contracts and 100x for perpetual futures contracts, catering to a wide range of popular trading pairs including as BTC/USDT, ETH/USDT, and ADA/USDT.
• BTCC has a minimum transaction threshold that varies depending on how money is deposited onto the platform, as well as reasonable trading fees that begin at 0.03%.
• In addition to cryptocurrency trading services, BTCC now supports tokenized futures, allowing customers to trade futures connected to equities and commodities with USDT.
• Furthermore, it offers a ‘Insurance Fund’ alternative in circumstances where merchants are unable to obtain a better price than the bankruptcy price.
• Users can use the Bybit testnet to obtain insight into the platform’s capabilities.

How to Sign-Up on BTCC?

• Create an Account – Go to the BTCC website and fill out the form. You’ll need to enter a valid email address, a password, and additional information such as your phone number and name.
• Validate Account – Confirm your email. You should receive an email requesting you to validate your account creation.
• Transferring Funds – Once your account has been validated, you will be able to make deposits using the methods provided below.
• Start Trading Cryptocurrencies – That’s it! You should now be ready to start trading.

Also, you may read Binance vs BingX vs BTCC

BTCC Futures Trading

BTCC offers a variety of Futures trading options that are sure to provide flexibility to cryptocurrency Futures traders.

BTCC users can trade daily, quarterly, and perpetual futures. These can be used with or without leverage and accept Market/limit/SLTP orders.

• BTCC offers daily futures contracts with leverage of up to 150x.
• BTCC’s diverse futures offerings cater to the trading habits and objectives of both novice and expert traders.
• Futures with coin margins: Users can trade futures in USDT or cryptocurrencies like BTC, ETH, and XRP.
• Significant liquidity: At the higher pricing points, huge orders of up to 300 BTC are possible.

BTCC Copy Trading

As the name implies, copy trading is an innovative service that allows one user to automatically replicate the trades made by another user on the site. Typically, a less experienced trader may mimic the behaviors of a more experienced trader in order to increase their market performance despite the fact that they lack the same skill level.

Between 10% and 15% of the copy trader’s profits are paid to the lead trader as commission.

BTCC’s copy trading tool provides two different modes:

• Fixed Amount: Users can set a fixed amount to apply to each copy trading order.
• Position Ratio: Users can choose a predetermined ratio for each copy trading order in comparison to the lead trader’s position. For example, if the lead trader enters an order with a margin of 10 USDT and the copy trader uses a 10x ratio, the replicated order will have a margin of 100 USDT. Determine a predetermined ratio for each copy trading order.

Also, you may read 6 Top Copy Trading Platforms [Important Read]

BTCC Demo Trading

BTCC’s demo trading system is another useful option for people who want to enhance their trading performance without risking their funds. All consumers are given a $100,000 demo account in which they can trade against live asset prices. Because the demo account mirrors the real market, consumers can utilize virtual cash to develop skills that can be used to live trading.

BTCC Fees

• Fees apply to cryptocurrency withdrawals and trading, while deposits are free.
• Fees for purchasing bitcoins may differ depending on the seller.
• Withdrawal fees and minimum withdrawal amounts are different for each supported coin.
• Trading expenses in BTCC crypto exchange are decided by the user’s “VIP” status, which is calculated based on the total net value of their assets on the site.
• There are seven VIP tiers, with escalating fee savings ranging from 0.06% to 0.03%.
• When converting USDT to another cryptocurrency, a 0.1% fee is imposed, but there are no costs for the reverse transaction.

Also, you may read Phemex Vs Bybit Vs BTCC: Which is the best option?

Is BTCC safe?

Yes, BTCC trading platform is safe as it prioritizes security and implements extensive safeguards to protect customer funds. It uses both hot and cold wallets, with the majority of cash held in cold storage.

BTCC also uses 2FA to improve the security of user accounts. To protect user data, the platform conducts regular security assessments and uses modern encryption mechanisms.

It’s crucial to emphasize that no exchange is 100% secure, and users should take their own security precautions, such as using strong passwords, enabling 2FA, and being wary of phishing efforts.

BTCC Customer Service

• BTCC provides customer service via email and live chat on their website.
• While they may not have a large social media presence, they do have official profiles on Twitter, LinkedIn, Instagram, YouTube, and Facebook that people may follow for updates and announcements.
• The platform also helps you by giving a specific section for various Blogs, News, and Support Centers.

BTCC VIP Programme

The BTCC VIP Program is intended to reward the most active customers with large trade volumes by providing a variety of exclusive privileges. These include lower trading fees, a specialized personal account manager, increased withdrawal limits, and access to exclusive events.

Its goal is to build a community of expert traders by offering them with individualized tools and services to improve their trading experiences. VIP program membership is typically granted by invitation or by completing specified trading requirements, emphasizing BTCC’s commitment to its most loyal and high-performing customers.

BTCC Academy

The BTCC Academy is a fantastic resource for anyone wishing to broaden their understanding of the cryptosphere. This teaching portal consequently provides a diverse range of educational materials, such as articles, video lessons, and webinars, covering everything from the fundamentals of bitcoin trading to more advanced tactics.

BTCC Mobile Application

The BTCC app provides a simple and intuitive interface, making it a good fit for beginners and experienced traders. It offers spot trading, futures trading, and margin trading. Also, the app also includes features like price alerts and real-time market data. 

• Further, BTCC prioritizes security and implements two-factor authentication and cold storage for funds.
• You can get the app from Google playstore and Apple app store for android and iOS users respectively.

Also, you may read Best Spot Trading Signals

Conclusion

BTCC is the oldest cryptocurrency exchange platform and has managed to maintain market share by staying current with evolving trends in the crypto sector. A decade of trust, security, dependability, and ease of use has established the organization as a top cryptocurrency exchange in terms of security and reputation.

Frequently Asked Questions