BTCC Exchange
- Overview
- Security
- User Experience
Volume 24H: BTC 7,220/24h
BTCC Exchange is an international service that offers trading between USD and Bitcoin, including some advanced trading features. They have strong security features, quick service, and competitive rates. BTCC also offers a DAX exchange, a purely crypto-to-crypto service, but it is still in beta, has low levels of activity, and there is little information available about it.
BTCC USD is an advanced platform, but beginners can also use it to make quick and simple exchanges. For more advanced traders, there are various order options and technical indicators in the platform. They have 24/7 customer support. BTCC offers wallets too, suggesting that large sums and savings should be taken out of the exchange and stored securely in a wallet.
Crypto Currencies Support
- BTC
Traditional Currency Support
- USD
Language Support
- Chinese
- English
Country Support
- Australia
- Canada
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Allows Mining Pools
- — Api
- — Web Interface
Stock Market Options
BTCC USD Exchange claims to take security very seriously and to have a 100% track record in security since its inception. They store 95% of user assets in cold storage with multi-signature controls. Users need to verify their identity since the exchange is a financial service that involves fiat currency. The new platform will be crypto only and not require as much verification.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
BTCC was formerly known as BTCChina, but they rebranded to reflect their international status. After regulatory pressures from the Chinese government, they ceased all trading in China but they continue to offer their services in other countries. The CEO is Bobby Lee, and makes frequent appearances in interviews and online.
Summary:
BTCC USD can be used by both beginners and advanced traders. Their deposit/withdrawal options and trading fees are explained well in their user guides and they don't seem to have issues with customer service. The BTC DAX crypto exchange is also available but doesn't seem to have many users at the moment. Trading was halted in China, but they are still available in other countries.
| Ease of use | Intuitive |
| Transaction Fees | 0.1-0.29% |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | 0.1-0.29% |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 0.1-0.29% |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Send/Receive Crypto
Functionality:
BTCC USD is an older platform working to move away from fiat currency regulation and into cryptocurrencies with their new platform. The old platform only supports USD and Bitcoin while the new platform supports Ethereum, Bitcoin Cash, and Ethereum Classic, but is only in Beta. There are specific lists of countries where deposits or withdrawals are not supported.
Most common customer complaint:
— Created controversy by planning to support Bitcoin's (cancelled) Segwit2x hard fork