BTCC is a London-based brand that operates in the bitcoin industry managed and operated by BTCC UK Limited, an organization located in Pikes End, London. The firm was founded in 2011 and provides a wide range of services related to cryptocurrencies. Some of these include the following:
- Fiat currency – cryptocurrency exchange. This primarily functions when transferring US dollars to Bitcoin
- Mobi Bitcoin wallet support
- Mobi Bitcoin wallet provision.
Regulation
The regulation of Bitcoin exchanges in the UK is being under discussion at this time. Although the BTCC exchange is not presently regulated, this may all change if the UK government passes legislation requiring that all cryptocurrency exchanges be regulated in the country. However, just like other UK-based exchanges, BTCC is currently an unauthorized platform.
Reliability
Many people have rated the reliability of BTCC with complete trust. BTCC takes great satisfaction in its operation as the oldest Bitcoin exchange in the world. Besides, its cold wallet storage mechanism and cutting-edge security measures also contribute to the exchange’s dependability.
Trading Platforms
BTCC makes use of many platforms to provide its services. An overview of the trading platforms that users on the BTCC exchange have access to is listed as follows:
l Web-Based Platform
A browser-based trading platform is offered by BTCC for fiat-crypto exchange services. The trader will need access to the web interface and create an account in order to use this.
Token purchases using cryptocurrency are the main purpose of the basic version of the web interface. It consists of the following characteristics:
– The price action can be observed on an interactive chart. There are six different types of charts available: line, bar, candlesticks, area, Heiken Ashi, and hollow candles. These charts give all the information you want if you prefer technical analysis.
– The Order Book is placed on the right-hand side of the interface.
– Additionally, the Order box is displayed at the center of the page. According to the order type that they selected, traders can submit their different orders here.
– Your account’s order history may be found at the bottom of the page.
The platform’s advanced edition is intended for core trading operations and for customers who are not interested in buying cryptos as tokens. It is intended for traders with higher experience.
l BTCC Mobile Trading
BTCC offers mobile applications for iOS and Android smartphones. These may be downloaded from the corresponding app stores. In addition to making certain changes that enhance the applications’ usability, they remain the main features of the web-based platform. To make sure you download the original versions of the applications, you can utilize the QR code on the BTCC website or scan it.
Trade Types/Instruments
BTCC supports more than 70 altcoins in addition to Bitcoin on its asset list. The main currencies that are used to pair other altcoins are:
- Bitcoin
- Ether
Traders can apply the following order types to trade cryptocurrencies:
- Market Orders (Buy/Sell)
- Limit orders (Buy/Sell)
- OCO
- Stop Orders
Fee Structure
It should be noted that different fees will be paid regarding to the fees customers might encounter when using the BTCC platform. These are:
- Transaction fees for deposits and withdrawals
- Trading fees
- Fees calculated for using the mining pools
A comprehensive description of the fees associated with trading and transactions is provided in the following table.
| SERVICE | CURRENCY | DESCRIPTION | MINIMUM AMOUNT | MAXIMUM AMOUNT | FEE |
| Deposits | BTC | Bitcoin Deposits | 0.0001 BTC | No Limit | None |
| USD | Online Bank Deposits | 500 USD | 100,000 USD Daily | 0.10% (Minimum fee of 10 USD) | |
| Credit Card | 50 USD | 5,000 USD Per Day, Up to 20,000 USD Per Month | $5 (50-100 USD)
$10 (100-200 USD) 5% (>200 USD) |
||
| Withdraw | BTC | Bitcoin Withdrawals | 0.0015 BTC | 500 BTC Daily | 0.0015 BTC |
| USD | Online Bank Withdrawals | 100 USD | 100,000 USD Daily | 0.30% (Minimum fee of 30 USD) | |
| Trading | BTC / USD | All Orders | 0.001 BTC | 500 BTC Daily | Maker 0.1% / Taker 0.1% |
Pool Mining Fees
| CRYPTOCURRENCY | MINING MODEL | POOL FEES | |||
| Bitcoin (BTC) | FPPS | Industry-low 1% fee for all miners. | |||
| Bitcoin Cash (BCH) | PPLNSG | Low 4% fee for all miners. | |||
| Litecoin (LTC) | PPS | Low 4% fee for all miners. | |||
| Super Bitcoin (SBTC) | PPLNSG | Low 4% fee for all miners. |
Deposits and Withdrawals Options
Fiat currency deposit and withdrawal methods are available for traders on BTCC for funding and withdrawal from their accounts. You can try the following methods to deposit or withdraw US Dollars:
- Wire transfers
- Credit/debit cards
- Crypto Capital
Bonus and Promotions
BTCC does not offer any bonuses or promotions.
Customer Support
You may contact customer service on BTCC using either of two methods. Including:
- Email: support@btcc.com
- Online contact form.
Advantages and Limitations
Pros
- Requires 2-factor authentication as an optional security measure.
- Offers unlimited crypto deposits without KYC.
- Supports mobile apps for Android and iOS.
- Allows fiat currency deposits and withdrawals method.
- Provides different order types to enable traders to get the best trading experience.
- Offers mining pool helping traders mine their coins for a rental fee, saving them the burden of the costly setup structure that comes with personal mining operations.
Cons
- Offers limited customer support.
- Difficult for traders with small capital to deal with many fee structures.
- Supports only Bitcoin
Deposit Methods and US investors
US-investors
US investors are not prohibited from trading on the exchange by the exchange. However, all US investor should independently evaluate any issues resulting from their citizenship or country of residence. In the worst situation, even though they are not restricted, they could not be allowed to trade at this exchange.
Deposit Methods
Both cryptocurrencies and credit cards (Visa/Mastercard) can be used to make deposits at this exchange. This may be quite beneficial, especially for inexperienced cryptocurrency investors.
Demo Trading
Every user of the exchange is given access to a demo trading account that never expires. Once registering, they will receive 100,000 USDT in virtual funds to practice trading.
FAQs
Is BTCC regulated?
No, BTCC is not a regulated cryptocurrency exchange.
Where is BTCC located?
BTCC is based in London, UK.
Does BTCC provide exchange trading of cryptocurrencies?
The crypto-crypto cryptocurrency exchange service in this platform was discontinued in 2017. Presently, the BTCC is a fully-fledged exchange, consumers may purchase Bitcoin using only fiat money.
How does BTCC gain profit?
BTCC earns money by collecting fees for deposits and withdrawals, trading transactions, and mining pool leasing fees.
How can I deposit and withdraw on BTCC?
You can utilize a bank card or a wire transfer to make deposits owing to USD is accepted by BTCC as the primary deposit currency. Withdrawals go through the same route.
Is BTCC reliable?
Yes, BTCC is dependable. It provides many security mechanisms to safeguard your transactions.
Is BTCC a scam?
No. BTCC is not a scam. None of its users have experienced financial or cryptocurrency holdings fraud.
How safe the BTCC is?
BTCC is a secure platform for fiat-crypto exchanges.
Conclusion
Although being a relatively new company, BTCC has currently grown to find its place in the cryptocurrency exchange industry. An outstanding feature of the brand that makes it appealing is the large number of tokens available for trade, combined with an intuitive platform interface.
However, the platform’s security problems have not been clearly described, which may be cause for concern considering the high-profile hackings that have happened on multiple other platforms. If BTCC wants to compete with other exchanges that are far ahead in terms of transaction volume, security protocols, and exchange operations, it is necessary that it quickly resolve these problems.
Betomon is a website that reviews, analyzes and knowledge shares about safe and stable financial investment projects on the theme of crypto forex blockchain… Projects to make money online for free
Visit the website betomon.com or register to receive the latest information here.
