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BTCC Review 2024: Veterans in the Australian Crypto Industry

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Swen Keller
In the crypto world Swen has consistently found success through his effective communication skills and the unique ability to navigate the details.
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BTCC Australia Review: Our Take

The BTCC Exchange stands out for years of reliability in the crypto industry. The cryptocurrency exchange has been in operation since 2011 and has had no security breaches.

BTCC also offers a wide suite of financial products for both advanced and beginner investors. Supports trading fee discounts for high-volume traders and a 225x leverage on some perpetual futures.

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    Overview About BTCC

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    BTCC was founded in June 2011 and is headquartered in Lithuania. 

    The company is one of the longest-running crypto exchanges in the world with a mission of making crypto trading reliable and accessible to everyone. It offers users a large suite of financial products including perpetual futures trading on more than 300 cryptocurrencies with 225x leverage and a convert/spot function for over 200 crypto assets

    In addition, the BTCC Exchange also supports copy trading, which is its main feature as well as demo trading and tokenized futures trading of traditional instruments like stocks, silver, and gold. 

    The BTCC Exchange, since its launch in 2011 has also remained free of security incidents and has never been hacked.

    Pros

    Cons

    BTCC Review: Unique Features

    BTCC Copy Trading

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    The BTCC crypto exchange offers a copy trading platform that enables inexperienced traders or beginners to copy the trades of expert traders in real-time. This allows beginners to maximize profit while they practice trading in the demo mode. 

    The futures copy trading platform has a beginner-friendly interface and has been recently upgraded to include highly customizable settings, detailed performance metrics of lead traders, a designated tab for managing copied trades, daily profit settings, and higher profit sharing than what is available on other cryptocurrency exchanges. Futures Copy traders on BTCC enjoy several benefits including flexibility of position modes. Users can choose from One-way mode, Hedge mode, and Order mode. 

    BTCC allows users to set their preferred parameters for copying, this includes the maximum margin and position size. All copy trades are automatically executed in real-time by the system whenever the lead trader executes a trade.

    An outstanding feature of the BTCC copy trading platform is that it enables users to copy trade via 2 different modes. Traders can copy a trade using a fixed amount or a fixed ratio. This enables traders to copy trades according to their risk appetite. They can copy trades either using a certain ratio of the lead/master trader’s margin or using a set position size. 

    Lead traders who are copied by other traders can also make passive income. BTCC lead traders earn between 10 to 15% of the profit sharing from the copied trades. This is higher than what is offered by most cryptocurrency exchanges.

    BTCC Bonuses, Competitions and Giveaways

    New User Welcome Reward

    BTCC offers an impressive welcome bonus up to 10,055 USDT to new users who sign up and complete specified tasks. This generous bonus is aimed at giving new traders a substantial head start in exploring the variety of trading options available on the platform. Sign up now

    BTCC World Trading Competition 2024

    For traders seeking to test their skills on a global stage, the BTCC World Trading Competition 2024 provides a perfect arena. Competitors from around the world can compete for substantial prizes from a considerable prize pool, turning every trade into a potential win. The competition features an individual trading contest, a copy trading contest, and a referral contest, offering multiple ways to win and showcase trading expertise. Register today

    Regular Twitter Campaigns – Weekly Giveaways

    BTCC’s presence on Twitter includes regular campaigns featuring weekly giveaways that make community engagement rewarding. These social media events are a fun way for traders to connect with the platform and win various prizes. Follow @BTCCexchange to stay updated and participate.

    Cryptocurrencies Available on BTCC

    The BTCC crypto exchange supports over 300 cryptocurrencies. Supported crypto assets include BTC, ETH, BCH, LINK, LTC, ADA, DOT, EOS, XRP,  UNI, DASH, DOGE, SHIB, FIL, AAVE, MATIC, MASK, GMT, SOL, XLM, XMR, GRT, RNDR, EGLD, KLAY, etc

    BTCC Review: Fees

    Cryptocurrency Deposit Fees 

    BTCC does not charge deposit fees on cryptocurrency payments. 

    Cryptocurrency Exchange Withdrawal Fees 

    The BTCC Exchange charges a fixed fee for cryptocurrency withdrawals. These fees are used to cover blockchain network transaction costs. 

    The withdrawal fees on crypto assets differ and are determined by the particular blockchain network used to facilitate the transaction. However, the fees may be adjusted depending on the congestion of the network. 

    Below is a list of some of the crypto withdrawal fees charged based on the network involved:

    Crypto

    Asset

    Blockchain

    Minimum Deposit

    Withdrawal Fee

    ADA

    ADA

    Cardano

    22

    11

    ATOM-BEP20

    ATOM

    BNB Smart Chain(BEP20)

    0.9066

    0.4533

    BTC

    BTC

    Bitcoin

    0.0003

    0.0003

    DOGE

    DOGE

    Dogecoin

    61

    31

    ETH

    ETH

    Ethereum

    0.0031

    0.0016

    LTC

    LTC

    Litecoin

    0.1221

    0.0611

    MATIC

    MATIC

    Polygon

    14

    7

    TRX

    TRX

    TRON

    82

    41

    It is important to note that the BTCC Exchange offers withdrawal fee discounts of up to 10% based on the trading fee tier to which the user belongs. The fees mentioned are as of May 2024. Please visit BTCC website for the latest fees.

    Trading Fees

    The BTCC exchange offers various trading fee tiers based on the user’s 30-day trade volume and account-estimated total value. The trading fees differ based on whether the trade is a futures taker/maker transaction or a spot taker/maker trade. Here are the highlights of the benefits and discounts available:

    Initial Deposit Benefit: Just by depositing 200 USD, users can immediately get a 10% discount on conversion fees and withdrawal fees. Additionally, users can enjoy a 10% fee coverage rate with coupons.

    High Volume Trading Benefit: By meeting the 15,000,000 USDT 30-day trading volume, users can receive a 20% discount on conversion and withdrawal fees. Trading fees are also reduced to 0.035%/0.01% for futures taker/maker transactions. Users at this level can enjoy a higher fee coverage rate with coupons.

    SVIP Benefits: Becoming an SVIP grants users exclusive benefits such as priority customer support, a dedicated account manager, and birthday gifts. For more details, visit BTCC SVIP Benefits.

    Conversion Fees Discounts

    Users on BTCC Exchange can get up to 60% off in conversion fees depending on their trading fee tier at the time of the transaction.

    BTCC Payment Methods

    The BTCC Exchange offers the following payment methods: Bank transfer (AUD deposits), MasterCard/Visa Credit/Debit card, and third-party payment processors (MoonPay and Simplex).

    BTCC Security

    BTCC Security features

    BTCC is a secure crypto exchange that has not had security breaches since its establishment in 2011. BTCC holds several regulatory licenses in various countries including the United States of America, Canada, and Europe. BTCC is licensed by the Financial Crimes Enforcement Network (FinCEN) in the USA, and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It also holds a Crypto license issued by the Registrar of Legal Entities of Lithuania.

    BTCC stores user assets are stored in a multi-signature cold wallet. The assets are stored on a one-to-one basis on BTCC. 

    Users’ assets are also segregated from company funds. 

    BTCC secures users’ accounts with several security measures including SSL encryption of users’ data and the BTCC system, two-factor authentication with phone email or Google authenticator, and strict internal and external audits. 

    BTCC also meets the Payment Card Industry Data Security Standard (PCI DSS). This reduces the risk of credit card fraud and the website being compromised by cyber attacks.

    BTCC Staking Rewards

    Unfortunately, the BTCC cryptocurrency exchange does not support staking.

    Supported Countries

    BTCC is available to crypto traders worldwide. Supported countries include Australia, Canada, the United States, the United Kingdom, Japan, South Korea, Chad, France, Denmark, etc.

    Opening a BTCC Account

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    To open a BTCC Exchange account go to BTCC website.

    If you’re using a mobile device, it’ll redirect you to the respective store of your operating system (Google Play Store for Android devices).

    Next, click on the ‘Install’ button to begin downloading the BTCC mobile app.

    Launch the app and tap on the ‘Register’ button.

    Enter your email address and select a password. Alternatively, you can sign up using your mobile number. 

    Next, verify your email address using the 4-digit code sent to your inbox. 

    Choose your country of residence. 

    That’s it! However, if you want to have access to the cryptocurrency exchange’s full services you’ll need to undergo KYC verification.

    Trading Experience on BTCC

    The BTCC Exchange offers an advanced trading experience best suited for experienced traders interested in leveraged futures trading. It offers more than 300 perpetual futures trading assets and over 200 spot trading pairs. 

    You can also convert/swap instantly supported digital assets using the trading interface. 

    The cryptocurrency exchange is available on multiple device types (PC web, Android, and iOS devices).

    BTCC Customer Support

    BTCC crypto trading platform offers customer service via live chat and email at support@btcc.com. Customer support is available in English, Chinese, South Korean and Japanese. The Platform also has a support center where users can check for guides on how to use the platform and solve common issues encountered while trading.

    Customer Satisfaction

    Based on our team’s firsthand trials with BTCC, we can state that BTCC has a user-friendly interface suitable for advanced traders. Beginners may find the platform a bit complex. It, however, offers an excellent futures copy trading feature which beginners can benefit from and a non-expiring demo trading account with a virtual fund of 100,000 USDT.

    BTCC provides live chat support 24/7, ensuring that users can quickly connect with live agents at the beginning of the conversation. This approach avoids the lengthy interactions with automated systems that traders often experience on other platforms.

    Does BTCC Exchange Offer Education?

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    Yes, the BTTC cryptocurrency exchange offers educational resources via the BTCC Academy targeted at beginner traders. It features topics such as “What is Leveraged Trading”, “How to Execute Futures Trades on BTCC?” and more.

    Final Thoughts

    BTCC is a highly recommended crypto trading platform, especially for advanced traders looking for a wide selection of perpetual futures assets and low trading fees. It stands out for its trustworthiness (14+ years in the industry without any security breaches) and low fees.

    However, it has a couple of drawbacks including missing features like NFT availability and staking.

    FAQ

    Most frequent questions and answers

    Yes, the BTCC Exchange has been in operation since 2011 without any security breach.

    Yes, the app offers an easy-to-use interface for both beginners and advanced traders. However, it may appear clustered to users who prefer a streamlined user interface for crypto trading.

    Yes, BTCC is available in Australia.

    Coinbase is best for beginners while BTCC targets experienced traders.

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    We always try to provide the most accurate information available, and make sure our team follow through.
    If you want to know more about our Crypto Exchanges Review Methodology follow the link below

    Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.

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