Generative Data Intelligence

BTCC Review: The Ultimate Crypto Futures Trading Platform?

Date:

Ease of Use

8.0/10

Reputation

10.0/10

Fees

9.0/10

Customer Support

9.0/10

Payment Methods

9.0/10

Pros

  • Long Established Exchange
  • Leverage & Futures Trading
  • Excellent Security
  • High liquidity
  • Good Transaction Fees

Cons

  • Limited Currencies
  • Centralized Platformm

The crypto space is growing at a rapid rate as more people start investing their money and finding all of the benefits it brings to the table. This means not only that new investors are pouring in but also that old investors continue to look for new ways to improve their investment strategies.

When it comes to strategies, futures have become one of the most popular and powerful tools at the disposal of crypto traders. By allowing you to gain more exposure to your favorite assets, the allure of crypto futures is too strong to resist.

If you are looking to learn about BTCC, chances are that you are interested in trading cryptocurrency futures. If this is the case, let us tell you all about what BTCC is, what it offers, and if it may be the right fit for you.

BTCC Exchange
BTCC Exchange

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About BTCC

BTCC (“BTC & Crypto”) is a cryptocurrency Futures exchange based in the United Kingdom which has been around since June of 2011, making it one of the oldest platforms in the space.

Born from the mission to make crypto trading fair and reliable, the exchange focuses on being as user-friendly and transparent as possible.

The exchange is registered in the UK and also holds licenses in several countries in Europe, as well as Canada and the United States. This has allowed it to become a popular option among traders in these jurisdictions, as regulatory compliance has become an increasingly important concern among many.

BTCC Core Values
BTCC Core Values

So far, BTCC has reached over 1 million monthly active users with a consistent 24-hour volume of more than $5 billion.

Over the past couple of years, the exchange has been consistently improving the quality of its platform while also adding new features. Most users who choose the platform do so because of its liquidity, reliability, ease of use, and security.


BTCC Services

BTCC does not stand out from the competition when it comes to services as these are quite limited in terms of the offering.

However, those services covered by the exchange are done so in an exceptional way. Most crypto traders have found buggy and overly-complicated interfaces when using features in crypto platforms that seek to do it all… Well, this doesn’t happen with BTCC.

Let’s take a look at what BTCC has to offer.


Futures Trading

The exchange limits itself to providing solutions to investors looking to acquire, sell, and trade cryptocurrency Futures. This means that services like staking, pool mining, spot trading, and many others are not available.

Futures Trading Screen
Futures Trading Screen

However, BTCC offers a variety of Futures trading options that are sure to bring flexibility to crypto Futures traders.

Daily Futures, Weekly Futures, Quarterly Futures, and Perpetual Futures are all available to BTCC users. These can be used in conjunction with leverage or without it, with support for Market/limit/SLTP orders.


Buy Crypto

BTCC offers its users the opportunity to buy cryptocurrency using Fiat currencies. This is done in partnership with providers like MoonPay, providing more flexibility.

The minimum amount for buying crypto is 200 USDT and doing so is as easy as providing your payment information in any other service.


Convert Crypto

While BTCC is not a crypto-to-crypto exchange, the platform allows its users to easily convert one cryptocurrency into another.

This process is as easy as buying or depositing cryptocurrency if you don’t have any balance, followed by choosing which currencies will be used for the conversion and the corresponding amount.

The cryptocurrency will be converted instantly with no hassle at all.


BTCC Academy

It is becoming a tradition for crypto platforms to offer educational resources to their users and BTCC is no different.

The platform has implemented a specific tool for this purpose, naming it BTCC Academy. This space allows crypto enthusiasts of all levels to improve their knowledge of the crypto and trading spaces.

BTCC Academy
BTCC Academy

The Academy is full of useful guides and information categorized by levels, topics, and more, making it easier for anyone to access. Unlike similar tools, BTCC Academy is not limited to services offered by BTCC, which is a reflection of the platform’s mission.


Supported Currencies

BTCC offers a limited seclection of supported cryptocurrencies and markets.

We recommend you check the latest information here as the list of supported cryptocurrencies can change at any moment. At this time, BTCC supports the following Cryptocurrencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • EOS (EOS)
  • Ripple (XRP)
  • Cardano (ADA)
  • Stellar (XLM)
  • Dash (DASH)
  • USDT

It is important to note that BTCC supports much more markets than these cryptocurrencies alone. You can check all supported markets here.

Markets
Markets

When it comes to supported Fiat currencies, you will find a similar limitation. It is important to note that this has to do with the platform’s compliance with regulatory requirements in several locations.

All that said, the Fiat currencies supported at this time for the purchase of crypto are:


BTCC Fees

As with every crypto platform, BTCC requires its users to pay fees in order to sustain its operations. In the case of BTCC, the fee structure is extremely transparent and easy to understand.

Users will incur fees when withdrawing crypto and trading, with deposits being free. You will also be expected to pay fees when buying cryptocurrency, but these will depend on the provider you choose to use.

Withdraw fees vary for every supported cryptocurrency, just like the minimum withdrawal. These fees will be charged in the same cryptocurrency you are withdrawing and will be as follows:

  • Bitcoin (BTC): 0.0004
  • Ethereum (ETH): 0.005
  • Litecoin (LTC): 0
  • Ripple (XRP): 2
  • USDT: Depends on the network but will be between 2 and 20.

As usual, we recommend you check the latest information here as to which cryptocurrencies can be withdrawn and the fees associated with it will vary over time.

Now, trading fees in BTCC will depend on what your “VIP” level is. Your level will be determined by the total net value of all of your assets in the platform, with each level offering you an increasingly high discount on fees. There are 7 levels, with the lowest resulting in fees of 0.06% and the highest in fees of 0.03%.

You can check the level requirements here.

Finally, we have the crypto conversion fees, which are super straightforward. If you convert USDT to any other cryptocurrency, you will be charged 0.1% in fees. If the conversion is the other way around, no fees are charged.


Is BTCC Safe?

Despite having been around for more than most crypto platforms out there, BTCC has never suffered from a security breach. This means that no data has been leaked, cryptocurrency stolen, or services disrupted as a result of malicious actors.

A record of 11 years without such an incident should be a testament to the security BTCC has implemented.

The platform offers its users with security features we have come to expect from such services, including but not limited to 2-factor authentication, email verification, identity verification, and much more.

This, in addition to measures taken by the company to secure its critical infrastructure in the back, makes BTCC one of the safest cryptocurrency exchanges in the space.


Conclusion

BTCC has remained a powerhouse of the crypto space for a reason: It does what it does exceptionally well. The platform might be limited when it comes to features and services but this shouldn’t be a problem for those looking for a streamlined and exceptionally well-made experience.

What this means is that BTCC is a solid option for anyone looking to continue or start their crypto futures journey. However, if you are looking for a traditional spot trading platform, crypto loans, staking, or more varied services, it is not the right fit for you.

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