- ResourcesProduct TutorialOnline Tools
EN
In recent years, more and more investors have been attracted by the high return potential of cryptocurrencies and want to participate in trading through reliable platforms. For novices, "easy to get started, safe and trustworthy, and easy to operate" are the three keys to choosing an exchange.
Among the many options, BTCC stands out with its core advantages such as "established exchange", "professional contracts" and "diversified product line", becoming the first choice for many newcomers entering the crypto world.
So, is BTCC right for you? Is it really safe and secure?
This article will provide you with a complete introduction to the BTCC platform and provide an in-depth summary of real reviews on the Aggregation Network (especially PTT and major forums) about its security, pros and cons to help you make informed decisions.
Since its inception in 2011, BTCC Exchange is one of the oldest cryptocurrency trading platforms in the world. Its deep qualifications and complete product line have established an important position in the market.
For Taiwanese investors, BTCC's core advantages lie in its proven reliability, extensive international compliance layout, and diverse and unique trading options. According to official information, the platform has successfully obtained financial regulatory licenses from the United States, Canada, and Lithuania in Europe, fully demonstrating its solid commitment to abiding by anti-money laundering (AML) regulations and compliant operations.
In terms of core trading services, BTCC not only provides more than 100 spot trading pairs but is also known for its professional contract trading, offering perpetual contracts in more than 300 currencies with leverage of up to 500x, attracting many advanced users who want to operate virtual currency contracts in depth.
What's more worth mentioning is that BTCC provides trading in tokenized stocks (such as Apple, Google), precious metals, commodity futures, and other assets, meeting the needs of some users for RWA asset trading.
In terms of security, BTCC declares that it stores the vast majority of user assets in multi-signature, geographically dispersed cold wallets, and uses strict multi-factor authentication mechanisms to continuously provide the highest level of protection for user assets.
Overall, BTCC's product line and features are more comprehensive than exchanges that only offer spot, making it attractive to users who want to delve into cryptocurrency contracts or even try tokenized stock trading.
Before considering opening an account with BTCC, it is important to understand whether the exchange complies with regulation and how it is secure.
First of all, BTCC is an "old" exchange established in 2011, and its international regulatory licenses are quite sufficient, such as the United States, Canada, and Europe. This means that it is willing to accept multi-party scrutiny in its cross-border operations.
When it comes to protecting your money, BTCC is also "by the rules." They claim that most of the funds are in super secure cold wallets, and there is also a public Proof of Reserves of Assets (PoR) so that you can at least know if the platform has misappropriated funds. These technical advantages make it indeed have a good reputation for the stability of contract trading.
However, back to the current situation in Taiwan, you must know that BTCC is not currently on the legal "white list" of VASPs (virtual asset service providers) announced by the Taiwan Financial Supervisory Commission. Although Taiwan's regulations are not fully in place, this means that if you want to directly exchange money from BTCC to Taiwan dollars and remit it back to your Taiwanese bank account, the process will be more cumbersome, and you may need to go through other channels (such as transferring to a local exchange with a whitelist first).
Although BTCC's official security statement is complete, we still need to see what Taiwanese villagers and communities (such as PTT and Discord) have to say.
At present, most users are positive about BTCC's trading system.
For example, [Contract Earning Brother] said: "BTCC's contract orders are really running smoothly, and they don't get stuck in the big market. Some users also think: "The old brand is still guaranteed, at least I have never heard of it suddenly collapsing like other new platforms, and it is more reassuring to put the funds there."
Some users said, "The last time I encountered a super slow customer service response, a simple problem had to wait for a day faster, and the processing efficiency should be strengthened."
However, this situation is much better at present, and the editor's inquiries are basically responded to on the same day.
In general, if you just want to play contracts and operate spot trading on BTCC, there is no big problem if you aim for its stable trading system and international security license. But if you want to exchange the money you earn for Taiwan dollars, you need to use a local Taiwanese exchange, such as MAX and Bito.
If you have already decided to try BTCC, this section will teach you how to open an account and complete the deposit.
Step 1. Register an account
The BTCC registration process is similar to a regular website, very fast and simple. Before opening an account, please prepare your email or mobile phone number. If you want to use the fiat currency purchase (Taiwan dollar deposit) service in the future, it is recommended to prepare your ID card/passport directly, which will be used for KYC real-name authentication later.
Next, follow the steps below to complete it step by step.
Step 2.Complete KYC
After completing the BTCC registration, it is recommended to complete KYC verification by the way. Although BTCC does not enforce KYC, users who have not completed identity verification will have restrictions when using BTCC, including the inability to make fiat currency deposits, withdrawal limits, etc.
But don't worry, identity verification at BTCC is very simple, usually 5 minutes to complete.
The platform usually approves within minutes to hours. Once verified, you can view the benefits of that verification level.
BTCC currently supports three deposit methods: credit card payment, street entrance payment, and on-chain recharge, which you can choose according to your own situation.
If you are new to cryptocurrency and are used to using credit cards, it is recommended to use credit cards such as Visa / MasterCard to buy coins directly and deposit money. The specific steps are as follows:
The payment is completed. Wait for less than five minutes, USDT will be automatically transferred to your BTCC account, which can be viewed in your account assets at that time.
For users who don't use credit cards often, BTCC also provides a way to buy coins through street payment. The exchange rate in this way is better, but pay attention to handling fees when operating. The specific steps are as follows:
If you own cryptocurrency, here is recommended that you choose the on-chain recharge method. This is also the most common method used by crypto traders. The specific steps are as follows:
Tips: During the process of depositing coins on the chain, please be sure to choose the correct deposit network, otherwise it may lead to asset loss. If you are making a deposit for the first time, it is recommended to start with a small amount and then deposit the amount you want to deposit after confirming that it is correct.
It's important to note that deposits are usually free. But if you want to withdraw (withdraw) after that, there will be a handling fee, but if you have a newbie bonus or VIP discount, you can use it to offset the withdrawal fee. These bonuses or credits can be obtained by entering our invitation code D7HO79 during registration.
As mentioned above, one of the major attractions of BTCC is its support for contract trading (perpetual contracts, USDT-margined, coin-margined). This is particularly attractive to investors who prefer leveraged, long-short strategies.
First of all, BTCC's contract product line is very rich, not only mainstream currencies (BTC, ETH), but also many altcoins, even tokenized stocks (such as Apple, Google) and precious metals can open contracts.
The platform offers flexible leverage of 1-500x, which can be indeed tempting for users with less capital. But veterans will remind: "The greater the leverage, the higher the risk." If you are a beginner, it is recommended to start with less than 10 times, which is safer!
BTCC has a complete set of functions such as basic market orders, limit orders, and important stop-loss orders (stop losses), making it convenient for you to set risk control.
From the perspective of the handling fees that users are most concerned about, BTCC adopts a "tiered VIP system", and the larger your trading volume, the cheaper the handling fees. For newbies who have just signed up (usually VIP 0), futures trading fees usually start at a reasonable discounted price (such as 0.045% officially said).
And if you are a VIP user with a large trading volume, the futures fee can even be as low as 0.01%, which is very competitive.
In addition, BTCC often has registration bonus activities, such as directly giving you 10 USDT as a beginner reward, which can be directly used to offset handling fees, isn't it super good?
Tips: Like other exchanges, the fee algorithm for BTCC spot trading and futures trading is different, remember to check the rate corresponding to your current VIP level before entering the market.
Seeing this, I believe you have a certain understanding of the advantages and disadvantages of BTCC exchange. In the world of cryptocurrency, BTCC can be called "one of the few established exchanges that have lived long enough." It has been in stable operation for many years and has never had a major security incident, which alone is enough to give people peace of mind. Users generally report that its platform has sufficient liquidity and stable interface, making it particularly suitable for investors who prefer contract trading, high-leverage operations, or short-term trading. For beginners, BTCC's demo trading function (free 100,000 U of demo trial bonus) and registration bonuses (such as USDT bonus coupons and handling fee discounts) can effectively lower the threshold for trying, which is quite considerate! Overall, if your goal is to engage in contracts, leverage trading, or plan to hold cryptocurrencies for a long time without the urgent need to convert assets into New Taiwan dollars, then BTCC can indeed serve as a reliable international platform option with its stable trading system and international security license. However, if your main purpose is to convert investment income into Taiwan dollars and remit it back to your bank account in Taiwan, it is recommended to give priority to a local legal trading platform, which can make your capital flow more secure and compliant. Finally, I would like to remind everyone that don't forget to manually enter my exclusive invitation code: D7HO79 when opening an account, let's easily start this safe and exciting cryptocurrency trading journey together!
