As a brand new consumer, you may be questioning if BTCC is the proper trade for you. On this BTCC Trade overview, we’ll unpack every part that you must know, together with whether or not BTCC is protected for learners. With its intuitive design and quite a lot of superior buying and selling options, it has gained reputation amongst new and skilled merchants alike.
However with so many crypto platforms on the market, how have you learnt if BTCC is the one for you? We’ll discover its safety features, buying and selling instruments, and general consumer expertise that will help you determine if it matches your buying and selling model.
Key Takeaways:
BTCC is a good cryptocurrency trade that has maintained a flawless safety file since its inception in 2011, with zero reported hacks or breaches.The platform affords a various vary of buying and selling options, together with spot buying and selling, perpetual futures with excessive leverage, and a novel copy buying and selling characteristic.The trade is absolutely licensed and controlled within the U.S., Canada, and Europe, guaranteeing compliance with authorized requirements and fostering a safe setting for buying and selling.
BTCC Evaluate: Fast Abstract
Web sitehttps://www.btcc.com/en-USBased2011Safety2FA, chilly storage, 1:1 reserve funds, zero hacksBuying and selling ChoicesSpot, perpetual futures contracts, copy buying and selling, demo buying and selling, instantaneous crypto-to-crypto convert, tokenized shares and commoditiesSupported Cryptos88 for spot; 300+ for futuresLeverageAs much as 500x for futuresDemo Buying and selling$100,000 digital fundsBuying and selling ChargesAs little as 0% maker and 0.01% taker for the futures marketKYC ComplianceSure, ObligatoryRegulationLicensed within the U.S., Canada, Europe
What’s BTCC?
BTCC is likely one of the oldest and most trusted cryptocurrency exchanges globally, having been based in 2011. Through the years, BTCC has constructed a powerful status within the business for its dedication to safety and regulatory compliance, making it a most popular selection for a lot of merchants. With a presence within the US, Canada, and Europe, the platform is especially suited to North American and European merchants.
Along with cryptocurrency buying and selling, BTCC affords modern options similar to copy buying and selling, perpetual futures, and tokenized shares, which permit merchants to realize publicity to non-crypto property like gold, silver, and U.S. shares. This number of choices makes BTCC appropriate for each learners and skilled merchants in search of a protected and controlled platform.
In June 2024, BTCC celebrated its thirteenth anniversary, marking over a decade of innovation and progress within the cryptocurrency business. This milestone displays the platform’s dedication to safety and consumer satisfaction, with zero safety incidents reported since its institution. This makes it one of many few crypto exchanges with such a observe file, giving merchants confidence within the security of their funds.
BTCC Trade Buying and selling Options Defined
Spot Buying and selling
Spot buying and selling is likely one of the commonest methods to commerce cryptocurrencies. On BTCC, you may commerce quite a lot of cryptocurrencies straight at market costs. The platform helps 88 completely different cash, together with well-liked property like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL). Spot buying and selling is right in the event you want to personal the precise cryptocurrency as a substitute of simply speculating on its worth.
For merchants within the U.S. and Canada, BTCC makes it simple to deposit funds in USD and CAD. This lets you simply commerce with out worrying about complicated foreign money conversions or further charges.
Futures Buying and selling
The BTCC platform helps futures contracts on greater than 300 cryptocurrencies, together with well-liked pairs like BTC/USDT, ETH/USDT, and extra. Merchants can speculate on future worth actions with out proudly owning the underlying property, offering a flexible option to revenue from each rising and falling markets.
One among BTCC’s key strengths is the flexibleness it affords with leverage. You possibly can commerce futures contracts with leverage of as much as 500x on particular property in 5 well-liked pairs: BTC/USDT, ETH/USDT, DOGE/USDT, SOL/USDT, and XRP/USDT. For much less aggressive methods, the platform affords adjustable leverage of as much as 50x for various contracts.
BTCC affords various kinds of futures contract settlement. These contracts could be settled in USDT (USDT-margined futures) or within the cryptocurrency itself (coin-margined futures), offering flexibility for various buying and selling methods.
To reinforce consumer expertise, BTCC options market, restrict, and stop-loss orders, giving merchants instruments to optimize their entry and exit factors. Cease-loss and take-profit options are notably helpful for managing threat, robotically closing positions as soon as sure thresholds are reached.
Copy Buying and selling
BTCC’s futures copy buying and selling characteristic affords a easy but highly effective option to commerce for individuals who don’t have the time or experience to observe markets carefully. By deciding on a top-performing dealer, you may robotically replicate their trades in real-time. This implies even in the event you’re new to buying and selling or simply too busy, you may profit from the methods of skilled merchants with out lifting a finger.
However copy buying and selling isn’t only for learners. Should you’re an skilled dealer and persistently worthwhile, you may apply to change into a lead dealer on BTCC. This comes with some enticing advantages, notably within the type of revenue sharing.
As a lead dealer, you may earn 10-15% of the earnings generated by those that copy your trades, which is larger than most different platforms provide. The fee is predicated in your 30-day common property beneath administration (AUM), and the earnings are settled each day, so that you’ll see returns regularly.
One main perk of turning into a lead dealer on BTCC is that the sooner you be part of, the higher. Early lead merchants have the possibility to construct their AUM sooner and lock in larger fee charges over time. It’s a good way to monetize your buying and selling abilities whereas serving to others succeed.
Demo Buying and selling
One among BTCC’s most user-friendly options is its demo buying and selling choice. This lets you follow buying and selling with $100,000 digital funds with out risking any actual cash.
It’s a wonderful method for learners to get accustomed to the platform, learn to execute trades, and develop their methods. The demo account mirrors actual market circumstances, supplying you with a practical really feel of how your methods would carry out.
Immediate Crypto-to-Crypto Convert
BTCC affords a fast and simple option to convert one cryptocurrency into one other. This characteristic is especially helpful if you wish to rebalance your portfolio or capitalize on market alternatives with out going by means of the extra difficult strategy of spot buying and selling.
For instance, if you wish to shortly swap Bitcoin for Ethereum with out ready for an excellent market order, the crypto-to-crypto convert instrument permits you to do that immediately. This makes portfolio administration extra environment friendly and hassle-free.
Tokenized Shares and Commodities
BTCC trade has the most effective characteristic to mix the world of conventional finance with crypto by providing tokenized shares and commodities. Principally, as a substitute of shopping for precise shares of corporations like Apple or Tesla, or proudly owning bodily gold or silver, you may leverage commerce digital variations of them, often called “tokenized futures”, proper on the BTCC platform. These tokens are tied on to the value of the true asset—so, if Tesla’s inventory goes up or down, the Tesla token follows swimsuit.
What makes this actually attention-grabbing is that you could commerce these tokenized property with leverage—as much as 50x for shares and as much as 150x for commodities like gold and silver. This implies you may probably amplify your earnings with a comparatively small funding. And since these are perpetual contracts, you don’t have to fret about expiration dates—you may maintain them for so long as you need.
However bear in mind, you don’t really personal the inventory or the gold, so that you received’t get issues like dividends from the businesses. However for individuals who are extra keen on worth actions and making trades with out the effort of coping with conventional stockbrokers, it’s a neat choice. Plus, every part is settled in USDT (Tether), making the method quick and simple.
BTCC Trade Consumer Bonuses and Campaigns
BTCC is thought for providing beneficiant bonuses and working common campaigns to reward each new and current customers. Let’s check out a number of the standout promotions obtainable in 2024.
New Consumer Welcome Reward: As a brand new consumer, you may declare a welcome reward of as much as 10,055 USDT. This bonus is distributed based mostly in your preliminary deposits and buying and selling quantity, making it a beautiful incentive for merchants seeking to get began on the platform.
Copy Buying and selling Bonuses: If you’re making an attempt out copy buying and selling for the primary time, BTCC affords a 50 USDT loss protection in your first copy commerce, obtainable till October 30, 2024. This characteristic reduces the chance for brand new merchants, permitting them to experiment with much less worry of preliminary losses.
Referral Program: You possibly can earn as much as 35% fee in your referrals, plus as much as 10,060 USDT in rebates per referral. It is a beneficiant referral system that incentivizes you to ask pals or household to hitch the platform.
Weekly Giveaways: BTCC is lively on social media, they usually often host giveaways on platforms like Twitter (now known as X). Following their official channels provides you the possibility to take part in these promotions and win rewards.
BTCC Safety Evaluate: Why it’s the Most secure Trade?
With regards to buying and selling cryptocurrency, safety is a prime concern for a lot of. At BTCC, they take this concern very significantly, and it exhibits. Because the platform’s inception in 2011, BTCC has proudly maintained a flawless safety file with zero hacks or breaches. In an business the place safety points will not be unusual, it is a outstanding achievement.
So, what makes BTCC stand out by way of safety? For starters, the segregation of property is a key follow. Which means that your buying and selling margins are stored in a belief account, separate from the corporate’s working funds. By doing this, BTCC ensures that your property stay protected and accessible, even when the trade faces any monetary challenges.
To take safety a step additional, BTCC shops consumer property in a multi-signature chilly pockets. It is a high-tech method of claiming that your cryptocurrencies are stored offline and guarded by a number of non-public keys. Furthermore, BTCC follows a 1:1 PoR storage coverage, which signifies that each consumer’s property are absolutely backed. Plus, BTCC doesn’t collateralize tokens for loans, which provides one other layer of safety towards the dangers related to borrowing and lending.
However safety doesn’t cease at asset safety. BTCC can also be dedicated to cash laundering prevention and guaranteeing correct id authentication. They’ve strict Know Your Buyer (KYC) protocols in place to confirm the identities of their customers. This not solely helps to construct a safer neighborhood but additionally retains fraud at bay. Listed below are some KYC limits and advantages:
Is BTCC Licensed and Regulated?
Sure, BTCC is each licensed and controlled, which gives further assurance to its merchants. The trade complies with all related laws within the international locations the place it operates, together with the U.S. and Canada.
USA: Licensed by the Monetary Crimes Enforcement Community (FinCEN).Canada: Licensed by the Monetary Transactions and Reviews Evaluation Centre of Canada (FINTRAC).Europe: Licensed by the Registrar of Authorized Entities of Lithuania.
BTCC Trade Charges
Buying and selling Charges
For customers on the VIP0 stage, which incorporates merchants with no estimated complete worth or commerce quantity, the charges are as follows:
Futures Buying and selling: Should you place a restrict order that provides liquidity to the market (maker), the futures charge is as little as 0%. And, in the event you place an order that’s crammed instantly (taker), you’ll pay solely 0.01% of your commerce worth. That is very low in comparison with different futures exchanges like Kraken, Binance, or Bybit.Spot Buying and selling: The spot buying and selling charges for VIP0 are 0.3% for takers and 0.2% for makers. Just like futures, which means that takers pays the next charge than makers, incentivizing merchants to supply liquidity.
It’s price noting that BTCC affords further advantages for customers who advance to larger VIP ranges, together with decrease charges. Nevertheless, the precise advantages will differ based mostly on the precise VIP tier you obtain.
Deposit and Withdrawal Charges
Depositing funds in USD and CAD is easy, with charges relying on the fee methodology you select. Cryptocurrency deposits are free, which is a bonus for these shifting funds from different wallets or exchanges.
Withdrawal charges differ by cryptocurrency (commonplace fuel charges solely) however stay aggressive, guaranteeing that you just received’t be overcharged for shifting your funds off the platform.
BTCC Buying and selling Expertise and Buyer Satisfaction
In our expertise, BTCC has confirmed to be a dependable and user-friendly platform. The trade’s intuitive interface makes it simple for each learners and skilled merchants to navigate the assorted options and buying and selling choices. We discovered that the platform’s transaction speeds have been quick, and its buyer assist was responsive, addressing any queries we had in a well timed method. It additionally has an easy-to-use cell app for each Android and iOS gadgets.
One of many standout features of BTCC is its consideration to safety. Understanding that the platform has a spotless safety file offered peace of thoughts when buying and selling, particularly when coping with massive sums. The assorted buying and selling instruments, together with demo buying and selling and duplicate buying and selling, make it accessible to new merchants whereas nonetheless providing superior options like leverage buying and selling for extra skilled customers. Buyer satisfaction additionally appears excessive, with many merchants praising the platform for its ease of use, safety, and vary of buying and selling choices.
Easy methods to Register and Commerce with BTCC?
Right here’s a fast information that will help you navigate the BTCC trade registration and buying and selling course of.
Step 1. Create an Account: First, head over to the BTCC web site or their app and click on on the “Signal Up” button. All you want is your e-mail deal with and a safe password. When you fill that out, test your inbox for a verification e-mail—simply click on the hyperlink inside to activate your account.
Step 2. Full KYC: After your account is up and working, it’s time for the Know Your Buyer (KYC) course of. This step is all about protecting issues safe and compliant. You’ll have to add some ID, like a driver’s license or passport. Don’t fear; it’s a fast course of, and also you’ll get a affirmation e-mail as soon as your paperwork are verified.
Step 3. Deposit Funds: Subsequent, you may simply deposit funds into your account. BTCC affords quite a lot of fee strategies, together with financial institution transfers and bank cards. Simply decide what works greatest for you, enter the quantity, and comply with the prompts to get your cash into your buying and selling account.
Step 4. Begin Buying and selling: You possibly can select from spot buying and selling, futures, and even copy buying and selling if you wish to comply with profitable merchants. Choose the cryptocurrency you need to commerce, determine in your order kind, and hit that purchase or promote button. The interface is user-friendly, making it simple to maintain observe of your trades and handle your portfolio.
Our Remaining Verdict
In conclusion, BTCC continues to face out as one of many prime cryptocurrency exchanges in 2024. Its strong safety measures, numerous buying and selling choices, and aggressive charges make it a beautiful platform for merchants of all ranges. The platform’s presence within the U.S. and Canada, together with its assist for fiat deposits in USD and CAD, additional solidifies its place as a number one trade for North American merchants.
Whether or not you’re a newbie seeking to take a look at out demo buying and selling or a seasoned dealer keen on high-leverage futures, BTCC has one thing for everybody. With a dedication to regulatory compliance and safety, BTCC is a dependable selection for merchants in search of a reliable and feature-rich trade.
