Skip to content
- Home
- /
- Canada & Crypto
- /
- Crypto Exchanges Canada
- /
- BTCC Canada Review: Everything...
BTCC Canada Review: Everything You Must Know
Luis Clark
- February 3, 2025
- Official Website: BTCC
- Headquarter: Lithuania
- Year Founded: 2011
- Platform App: Web, Mobile (Android and iOS)
- No. of Cryptos: 300+
- Fiats Available: CAD and USD
- Withdraw Method: Cryptocurrency
- Payment Method: Credit and debit cards (MasterCard and Visa) and third-party payment options (Simplex and MoonPay)
- Bonus Available: Welcome Bonus up to 10,055 USDT
BTCC Canada 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.
Overview About BTCC
Launched in 2011, BTCC is a crypto derivatives exchange headquartered in Lithuania. The trading platform is regulated in Canada by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It also holds crypto licenses from the United States and Europe by FinCEN and Lithuania’s Financial Crime Investigation Service.
Currently, BTCC caters to more than 2.8 million active users and offers over 300 USDT-margin crypto products with up to 50x leverage and up to 500x leverage for particular assets such as SOL, BTC, DOGE, and XRP.
In June 2024, the derivatives exchange celebrated its 13th anniversary with milestones such as a 58.8 billion USDT highest day trading volume on February 29, 2024, 7.5 trillion USDT total trading volume, MetaMask third-party sign-ins enabled, over 200 cryptocurrencies available for deposits, 15,000 USDT weekly giveaways on X (formerly Twitter), and many more.
Besides offering a large selection of cryptocurrencies for futures trading.
BTCC also allows users to trade 29 tokenized futures including Gold, Silver, and US Stocks, and supports copy trading. Beginner and experienced traders who want to test their trading strategies have access to a non-expiring demo account with up to 100,000 USDT as its virtual balance.
Pros
- Low trading fees
- Copy trading
- Zero security incidents
- Offers leverage up to 50x on 300+ products
- Leverage of 500x available on major pairs like BTC, SOL and ETH
- Supports CAD deposits
- Offers new user rewards of up to 10,055 USDT
- Allows deposits for over 200 cryptocurrencies
Cons
- Fee discounts are based on trade volume
BTCC Canada Review: Unique Features
Futures Copy Trading
The Futures copy trading feature offered by BTCC enables Canadian traders to mirror or mimic the trades of professional lead traders.
There is a current campaign that allows traders to copy trades without the risk of loss on their first trade (available for a limited timeframe).
BTCC protects your first copy trade from losses (as long as you’re a new user) for up to 50 USDT per trader but this is only available for the first 1,000 users who participate in the campaign. Coverage amounts are distributed on Tuesday and Friday during the campaign which ends on the 30th of October.
With the regular copy trade feature beginners can enjoy the successes of professional traders and minimize losses like professionals by simply mirroring their trades in real time.
A copy trader is allowed to follow a maximum of 10 lead traders but there are no restrictions on the number of trade orders that you can have open at the same time. The trading platform supports 143 USDT contracts for copy trading including ETCUSDT, ETHUSDT, CRVUSDT, BCHUSDT, BNBUSDT, 1INCHUSDT, ADAUSDT, ATOMUSDT, etc.
Beyond the perks copy trading feature offers to newbie traders, professional traders can benefit from the program through its lead trading function. As a lead trader, professional traders earn profit shares when newbies copy their traders. The more people following a lead trader the higher their earned commissions. Lead traders can have a maximum of 500 users copying them.
Currently, BTCC pays lead traders up to 15% in commissions for allowing their trades to be copied. The exact commission is dependent on the lead trader’s profit-sharing ratio.
To know how a lead trader will be renumerated, BTCC calculates the profit/loss of every copied order from the lead trader within the settlement period and then deducts the commission from all profitable trades. BTCC only pays lead trader commissions when there are no open positions between the copy trader and the lead trader.
BTCC uses a daily copy trading settlement system that starts at 16:00 UTC with the calculation of profit/loss happening from 16:00 UTC to 15:59:59 UTC every day.
Listed below are the 4 levels of lead trading profit sharing offered by BTCC. It is dependent on the trader’s 30-day average copy trading volume:
First Level (L1)
- 30-Day Avg. Copy Trading Volume (USDT): <0
- Profit Sharing Percent: 10%
Second Level (L2)
- 30-Day Avg. Copy Trading Volume (USDT): ≤ 50,000
- Profit Sharing Percent: 12%
Third Level (L3)
- 30-Day Avg. Copy Trading Volume (USDT): ≤ 300,000
- Profit Sharing Percent: 13%
Fourth Level (L4)
- 30-Day Avg. Copy Trading Volume (USDT): ≤ 1,000,000
- Profit Sharing Percent: 15%
To become a lead trader you must apply here. However, to be eligible you must maintain a balance of 200 USDT and not be following any lead trader. You must also not have an open copy trade position. Identity verification is required as well.
Cryptocurrencies Futures Pairs Supported on BTCC
Currently, BTCC supports more than 300 crypto assets for futures trading. Some supported crypto pairs include ETH/USDT, XRP/USDT, BTCUSDT, and SOL/USDT.
BTCC Canada Review: Fees
BTCC fees are based on the trader’s VIP tier, which depends on their overall 30-day trade volume or account value. When you create a BTCC account you’ll be placed in the VIP 0 tier with a taker and maker fee of 0.045% and 0.025% respectively.
For spot trading, you’ll be charged a 0.2% maker and a 0.3% taker trading fee. For withdrawals and conversion fees, you’ll be given a 10% discount after you’ve deposited the equivalent of 200 USD in CAD. For instance, on the VIP 1 tier, traders get a 10% discount on withdrawals and conversions and it isn’t dependent on the user’s 30-day trade volume. It is simply applied at 17:00 UTC from when the 200 USDT deposit was made.
Note that futures trading fees get as low as 0.01% and 0% for taker and maker fees respectively if you’re on the SVIP5 tier. To be placed in the SVIP5 tier you need a total account value of 3,000,000 USD and a 30-day trade volume of 1,000,000,000. On this tier, you get conversion and withdrawal fee discounts of up to 60% as well as a 35% coupon fee coverage rate.
Deposit and Withdrawal Charges
BTCC does not charge fees for cryptocurrency deposits but it does for withdrawals to cover associated network fees. The fees are based on the cryptocurrency you’re withdrawing. Here are the fees charged.
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
BTCC supports deposits via P2P trading, fiat currency deposits (credit card and debit card), cryptocurrency deposits, and third-party payment options including Simplex and MoonPay. The fastest fiat currency payment option is credit/debit card deposits, which typically reflect in 10 minutes.
BTCC Security
BTCC is one of the most secure derivatives exchanges in the world. Though it has been in operation since 2011 the trading platform has not had any security breach.
It is fully regulated by several bodies including the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in Canada, the Financial Crimes Enforcement Network (FinCEN) in the United States, and Lithuania’s Financial Crime Investigation Service.
The exchange is also compliant with Anti Money Laundering and Counter-Terrorism Financing regulations. Users must undergo KYC verification before being permitted to withdraw their assets from the platform in line with these regulations.
Concerning its security measures, BTCC stores users’ funds in a segregated trust account. User assets are stored in a multi-signature cold wallet for additional security and on a one-to-one basis separate from company funds.
Customer data is secured with SSL encryption and all personal data is encrypted at data/system levels with strict access monitoring. For account security, BTCC implements two-factor authentication through Google Authenticator, SMS, or email. If an account has multiple failed login attempts it will be locked till the user can prove their identity.
BTCC carries out consistent internal and external audits of its system to prevent new vulnerabilities.
Supported Countries
BTCC supports users from Canada and the United States as well as over 100 other nations. The exchange isn’t supported in regions where the services it offers are restricted or prohibited.
Opening a BTCC Futures Trading Account
Go to BTCC.
Once there click the Register button located at the upper right corner of the page.
On the registration page, you’ll have 3 ways to open an account: email address, mobile number, or third-party sign-ins through your Google account, Facebook account, Apple account, or MetaMask wallet.
In this review, we’ll use the email address option. So enter your email address and select a password then click the Register Now button.
BTCC will send a message to your registered email address containing a verification number.
Go to your email and copy the verification number then input it into the relevant field on the BTCC registration page.
That’s it! You’ve created a BTCC account. To access the full services of BTCC you need to verify your identity by binding your mobile number to the platform via Security Settings and by uploading a government-issued ID like an international passport or driver’s license.
BTCC offers new users the opportunity to claim up to 10,055 USDT in its welcome package when they complete missions like undergoing verification, opening a copy trade, or hitting a particular cumulative futures trade volume. Each mission unlocks a particular amount under the welcome package.
Trading Experience on BTCC
BTCC’s trading experience is suited to both beginners and professional traders. Beginners can trade like pros using its copy trade feature as well as practice trading strategies using BTCC’s non-expiring demo account with up to 100,000 USDT in virtual funds.
On the other hand, experienced traders can trade over 300 cryptocurrencies in the futures market, and 80 digital currencies in the spot market, and apply to become lead traders to earn commissions for copy traders.
The derivatives exchange also offers flexible leverage that ranges from 1x to 500x on specific assets like XRP, SOL, ETH, DOGE, and BTC while it offers 50x for other crypto pairs.
Beyond crypto USDT futures, users can trade up to 29 tokenized futures including US stocks, Gold, and Silver.
From our first-hand use of the exchange, we can conclude that BTCC offers an all-inclusive trading experience but it is more targeted at pro traders.
BTCC Customer Support
BTCC offers customer support through email and live chat. The customer support email is support@btcc.com. There is also a large selection of helpful articles on its support page on how to create an account and use its many features.
Customer Satisfaction
Based on our direct use of the BTCC derivatives exchange, the trading platform offers a satisfactory experience to its customers. From customer support prompt replies and ease of navigation to an abundance of features BTCC is satisfactory to both newbies and professional traders.
Does BTCC Offer Education?
Yes, BTCC offers a large selection of educational resources targeted at both experienced and new traders through the BTCC Academy. The Academy offers lessons on trading strategies, different crypto assets, how to start copy trading, etc.
Is BTCC Right for You?
BTCC is right for new and experienced Canadian traders looking for a secure exchange to trade a large selection of crypto assets in the futures market.
Final Thoughts
BTCC is one of the oldest crypto derivative exchanges in the world with zero security incidents since its launch in 2011. It offers 300+ cryptocurrencies to trade on the futures market with up to 500x leverage and 29 tokenized futures providing users with a large selection of products to trade.
The platform has proved to be reliable over the years and is the best choice for traders looking for a safe exchange targeted at both pro and new traders.
Now you know everything about BTCC, but if you still want to explore other options available to you in Canada check out our Biswap Canada Review or the Best exchanges in Canada.
FAQ
Most frequent questions and answers
Yes, BTCC has never been hacked since its launch in 2011. It also features industry-standard security measures like multi-signature cold storage for user assets, two-factor authentication for accounts, and mandatory KYC verification for withdrawals, and it is fully regulated in Canada.
You can withdraw your funds as cryptocurrency.
You can go for crypto deposits or fiat deposits. For fiat deposits, you can deposit CAD for USDT.
Yes, BTCC is available in Canada and Canadian users can fund their accounts with CAD or cryptocurrency.
Yes, some of the popular campaigns run by BTCC include the BTCC World Trading Competition 2024 (BWTC 2024), 10,060 USDT in rebates per referral, weekly giveaways on X (formerly Twitter), and many more.
Yes, in the United States, the BTCC exchange is licensed by the Financial Crimes Enforcement Network (FinCEN). Also, traders from the U.S. can deposit USD to the platform.
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.
To view our privacy policy read here.
