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The Ultimate BTCC US Review 2024: Fees & Features
Swen Keller
- URL: https://www.btcc.com/en-US
- Headquarter: Lithuania
- Year Founded: 2011
- Platform App: Web and Mobile (iOs and Android)
- No. of Cryptocurrencies Futures: 300+
- Fiats Available: SGD/CAD/USD/GBP
- Withdraw Method: Cryptocurrency
- Payment Method: Credit and debit cards (MasterCard and Visa), third-party payment options (Simplex and MoonPay)
BTCC US Review: Our Opinion
The BTCC excvhange is the go-to crypto exchange for US traders who want an established and trustworthy futures trading platform with zero security incidents since its inception in 2011. It caters to advanced and beginner traders from the United States by offering non-expiring practise trading/demo trading accounts and expert trading tools such as 250x leverage and 300+ USDT-margined products. The BTCC platform also stands out for its low trading fees for futures crypto trading and deposits and withdrawals.
In general, the BTCC exchange has proved itself to be a safe exchange and futures trading platform that has withstood the test of time.
An Overview of BTCC
The BTCC exchange was launched in 2011 and is headquartered in Lithuania. It is regulated in the United States (FinCEN), Canada (FINTRAC), and Lithuania (Financial Crime Investigation Service).
The futures trading platform is the world’s longest-serving crypto exchange that caters to all types of traders (advanced and beginner). Currently, the cryptocurrency exchange has more than 2.8 million registered users and a highest daily trading volume of over 58.8 billion USD with a total trade volume of more than 7.5 trillion USD.
Concerning its offerings, the BTCC offers a wide range of products and services. These include tokenized futures on traditional instruments (like gold, silver, and stocks) copy trading function, spot trading, demo trading, 300+ perpetual futures pairs with 50x leverage, as well as up to 50x leverage on BTC, ETH, DOGE, SOL, and XRP.
BTCC exchange also hosts weekly giveaways on X (formerly Twitter) and BTCC world trading competition with a record-breaking 10,000,000 USDT in prize pools.
Pros
- Large selection of crypto assets futures
- Never been hacked
- Low trading fees
- Offers copy trading
- Provides leverage of up to 250x on major pairs like BTC, ETH, and DOGE
- Offers leverage of up to 50x on 300+ pairs
- Deposits in USD
Cons
- Large trade volume needed for fee discounts
Key Features of BTCC US
BTCC Copy Trading
BTCC copy trading allows US inexperienced traders to copy/mimic the trades of professional and high-performing traders. This enables beginners to enjoy high success rates in their trades without any expert trading experience. By copying the trades of lead traders beginners can minimize trading losses that they would have incurred if they had to navigate the crypto market by themselves.
A copy trader can follow a maximum of 10 lead traders. There is, however, no restriction on the number of trading orders that can be copied concurrently.
Copy trading is not just beneficial to beginners, it is also useful to lead traders whose trades are copied by other BTCC users. Lead traders on BTCC can earn profit shares when their trades are copied. The larger the number of followers they have, the higher their profit share.
BTCC currently pays lead traders 10% to 15% commissions for being copied. The exact percentage is dependent on the lead trader’s profit-sharing ratio.
BTCC tallies the profit and loss of each copied order within the settlement period.
The copy trade commission is deducted from each profitable trade immediately. BTCC will only distribute profits when there are no open positions linked between the copy trader and the lead trader. Lead traders on BTCC can have up to 500 followers.
BTCC operates a daily copy trading settlement cycle. The settlement process begins at 16:00 (UTC) with the profit and loss calculation spanning from 16:00 (UTC) to 15:59:59 (UTC) each day.
BTCC offers 4 levels of profit sharing for lead traders. The level is determined by the lead trader’s 30-day average copy trading volume.
Below are the available profit levels.
Level: L1
- 30-Day Avg. Copy Trading Volume (USDT) <0
- Profit Sharing Ration: 10%
Level: L2
- 30-Day Avg. Copy Trading Volume (USDT) ≤ 50,000
- Profit Sharing Ration: 12%
Level: L3
- 30-Day Avg. Copy Trading Volume (USDT) ≤ 300,000
- Profit Sharing Ration: 13%
Level: L4
- 30-Day Avg. Copy Trading Volume (USDT) ≤ 1,000,000
- Profit Sharing Ration: 15%
To be eligible to apply as a lead trader on BTCC, you must maintain a minimum balance of 200 USDT, must not be currently following any lead trader, and must not have any open copy trading positions.
You must also complete BTCC identity verification.
BTCC currently supports copy trading for 29 USDT contracts including 1INCHUSDT, ADAUSDT, ATOMUSDT, BCHUSDT, BNBUSDT, BSVUSDT, BTCUSDT, ETCUSDT, ETHUSDT, CRVUSDT, etc.
Cryptocurrencies Futures Pairs Available on BTCC
BTCC currently supports over 300 cryptocurrency perpetual futures pairs. Supported cryptocurrencies pairs include BTC/USDT, ETH/USDT, DOGE/USDT, XRP/USDT, etc.
BTCC Fees
BTCC cryptocurrency exchange charges its trading fees based on VIP tiers, which are a result of the user’s 30-day trade volume or overall account value.
After registration, users are placed in the VIP 0 tier with futures taker and maker trading fees of 0.045% and 0.025% respectively. As for spot trading, there is a 0.1% maker and taker trading fee.
After a deposit of 200 USD, traders will receive a 10% discount on conversion fees and withdrawal fees.
For the VIP 1 fee, for example, BTCC offers a 10% discount on conversions and withdrawals. Note that the VIP 1 tier does not require a 30-day trade volume for the discounts, it is applied at 17 UTC from the time of the 200 USDT deposit.
The futures trading fees can drop to as low as 0.01% and 0% for taker and maker fees respectively. This is on the SVIP5 tier, in which users are placed if the total value of their account is 3,000,000 USD with a 30-day trade volume of 1,000,000,000. The tier also has conversion and withdrawal fee discounts of up to 60% and a 35% fee coverage rate with coupons.
Deposit and Withdrawal Fees
For cryptocurrency deposits, the crypto exchange does not charge transaction fees. However, for withdrawals, BTCC charges a fee to cover the associated network fees. Please check out the fees on their website.
BTCC Payment Methods
The BTCC trading platform supports fiat currency and crypto deposits. Supported payment methods for traditional currency include credit cards, debit cards, and third-party payment options (Simplex and MoonPay).
Credit card and debit card purchases usually reflect within 10 minutes.
BTCC Security
BTCC is a secure crypto exchange. Despite being one of the oldest crypto exchanges, it has not suffered any security breach since its inception. BTCC is licensed by various regulatory agencies including the Financial Crimes Enforcement Network (FinCEN) in the USA, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the Registrar of Legal Entities of Lithuania.
The BTCC exchange segregated users’ assets in a trust account. The assets are stored in a multi-signature cold wallet for enhanced security. Users’ assets are stored on a one-to-one basis and are entirely segregated from company funds.
BTCC has several measures in place to ensure the continued security of the platform and users’ funds. Users’ data are SSL encrypted and all sensitive account information is encrypted at the data and system levels with strict access monitoring.
BTCC users’ accounts are also protected with two-factor authentication via phone, email, or Google authenticator. Accounts with too many incorrect login attempts are locked.
The exchange conducts regular strict internal and external system audits to ensure that the system is not vulnerable to any form of attacks.
BTCC is also compliant with Counter Terrorism Financing and Anti Money Laundering regulations. Users are required to verify their identities before withdrawing funds from the platform. This prevents the use of the exchange for illegal practices.
Supported Countries
BTCC is available in over 100 countries including the United States, Australia, Canada, etc.
BTCC is not available in regions where its services are prohibited or restricted.
Opening a BTCC Futures Trading Account
To open an account go to the official BTCC exchange website.
Once there, tap on the blue Register button at the upper right corner of your screen.
On the registration page, you’ll see a couple of options to open an account with the futures trading platform; Email, Mobile, and third-party sign-ins (Google account, Facebook account, MetaMask wallet, and Apple ID).
For this review, we’ll use the email address option. So enter your email address in the relevant field and create a password according to BTCC’s requirements.
Next, you can enter a referral code if you are referred by a friend. If not, click on the Register Now button below.
BTCC will send you a verification code. Go to your registered email address and copy the verification code. Check your spam folder if you don’t see it in the inbox.
Next, paste the verification code into the relevant field on the BTCC registration screen.
That’s it! You’ve created a BTCC account.
However, to be eligible for withdrawals you need to bind your mobile number to the platform via Security Settings and verify your identity by uploading government-issued identification documents such as International Passport, driver’s license, and a national identity card.
Trading Experience on BTCC
For USA residents, BTCC offers a trading experience suited to both seasoned traders and beginners with a wide range of features such as futures trading, free demo trading, spot trading, and copy trading.
The crypto exchange also offers flexible leverage ranging from 1x to 250x on particular assets such as BTC, ETH, and SOL. For the rest of the 300+ crypto pairs, BTCC offers up to 50x leverage as well, which is much higher compared with other exchanges on the market.
Users can trade coin-margined futures, USDT-margined futures, and tokenized futures of traditional commodities including gold and silver as well as stocks.
In general, BTCC offers an all-inclusive secure trading environment. That said, its trading interface is more suited to experienced traders.
BTCC Customer Support
BTCC offers customer support via live chat and email at support@btcc.com. The exchange also has a support page with helpful information on how to set up accounts and navigate various aspects of the exchange.
Customer Satisfaction
From our team’s direct experience with the BTCC crypto exchange, we can state that it offers excellent services to users. The customer support team quickly responds and resolves complaints. The platform is also easy to use and suitable for both beginners and advanced traders.
Does BTCC Offer Education?
Yes, the BTCC platform offers vast educational resources for both successful traders and newbies via the BTCC Academy which features lessons on different cryptocurrencies. The Academy also contains lessons on how to trade for beginners.
Is BTCC Right For You?
BTCC is right for both experienced US-based traders and beginners who are looking for a secure crypto exchange. It is also the best choice for traders interested in exposure to crypto-leveraged futures contracts.
Final Thoughts
The BTCC exchange stands out as the world’s longest-serving crypto exchange with zero security breaches since its inception in June 2011. It also charges some of the lowest fees on deposits and withdrawals, as well as, futures and spot trading.
In general, the BTCC exchange has proved to be a reliable and trustworthy platform over the years and is the perfect choice for crypto futures traders looking for advanced trading tools and an easy-to-use interface.
Our extensive analysis of the US Crypto Exchanges doesn’t stop here. You can also read about our itBit review as an alternative to BTCC or you can check out our full list of Exchanges available to people from the USA.
FAQ
Most frequent questions and answers
Yes, the BTCC exchange has been in operation since 2011 and is the world’s longest-serving crypto exchange.
Currently, you can only make crypto withdrawals from the BTCC exchange.
Yes, BTCC has never been hacked since its launch in 2011.
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
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