BTCC Review: An Established Platform for Futures

Last Updated on May 17, 2024 by Kevin Groves

If you need a robust futures platform that’s accessible on a well-designed mobile app, then BTCC could be your solution. In this article, we discuss the features, strengths, and weaknesses of BTCC, and outline how it might fit your needs.

Quick Overview

Here is a quick summary of BTCC.

Exchange Name	BTCC
Supported Countries	Worldwide (including Australia)
Supported Cryptocurrencies	300+
Markets	Leverage, perpetual futures
Deposit Methods	Crypto and fiat
Deposit Fees	None
Trading Fees	0.025% maker / 0.045% taker
Withdrawal Fees	None, with exception of the network fee
Mobile App	Yes (Android and iOS)

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What Is BTCC and What Do They Do?

Established in 2011, BTCC is one of the pioneers in the cryptocurrency space, operating out of Lithuania. The veteran exchange offers a derivatives product that holds its own against some of the biggest names in the market.

With such a feature-rich platform, BTCC offers 225X leverage on popular crypto assets on its perpetual futures market. In addition, the exchange offers competitive trading fees, copy and demo trading capabilities, and a high-end security infrastructure.

Now in its 13th year, BTCC has grown into one of the most secure platforms globally. The exchange holds multiple operating licenses, including approvals from US and European regulators.

Pros & Cons

What We Think About Their Features

Let’s take a more in-depth look at BTCC’s top features.

Copy trading

BTCC offers a copy trading feature for discovering and mimicking the moves of other traders. This feature is quite intuitive and transparent. The platform provides 100% visibility on the pro trader’s statistics, including their portfolio and performance. This level of transparency makes it easier to analyse and decide on the best traders to follow.

Traders who copy others are called “followers,” and it’s free to follow any lead trader. These seasoned traders, also known as “leaders,” can register on the platform to monetise their experience and earn a percentage of the returns generated from the copiers. The social trading platform has grown in recent years, boasting over 100 leaders from whom followers can copy.

Finding an experienced trader who aligns with your risk tolerance and crypto preference is easy by using one of the filter options accessible on desktop and mobile. BTCC provides a crypto preference option that details the trader’s most preferred asset.

Followers can also view other copy traders mimicking the moves of a top trader, along with their profit/loss achieved on the accounts.

While BTCC’s copy trading feature and network of leaders are smaller compared to alternatives discussed in our eToro review, we believe there are more opportunities for novice traders to unpack more benefits on this platform and increase their value.

Demo trading

Another major feature of BTCC is the demo feature, which is a game-changer for risk-averse or beginner traders. The platform’s demo trading feature can be toggled on from the derivatives market, providing investors an opportunity to hone their skills without risking real capital. Demo trading uses paper money, providing investors with the perfect way to test strategies and build trading confidence.

Every user receives $100K in their demo account to trade live assets.

Using the demo trading feature, new traders can long or short their favourite crypto assets using either Market/Limit orders.

Once an order is filled, it becomes visible in the Positions pane beneath the chart. From here, investors can view their position, leverage, PnL and the estimated liquidation price.

Crypto convert

Another feature of the BTCC platform is the Convert feature, where customers can convert their cryptocurrencies without trading them on the Spot market (still in BETA). This option allows investors to swap the cryptos in their BTCC wallet for USDT for free. The exchange supports over 100 crypto assets for USDT swapping.

Before conversion is completed, a modal displays the conversion rates and any related fees (note: conversion is free for VIP users only). The asset will be converted immediately once the user confirms the transaction.

Creating and Verifying a BTCC Account

The account creation process is simple and clear. New users can register using their email account or phone number on BTCC.

Alternatively, customers can sign up using one-click methods like Google, Facebook, Apple, or MetaMask accounts. However, new users will have to provide KYC documents to buy crypto using Visa/Mastercard and remove the limitation on crypto deposits.

Deposit/Withdrawal Methods

BTCC allows customers to deposit and withdraw their crypto assets without hassle.

However, there are some limitations, depending on the level of verification completed on the platform. Unverified accounts cannot complete fiat deposits, while fiat withdrawals are not supported.  Crypto withdrawals are limited to 10,000 USDT daily for unverified customers and 1M USDT for customers who have completed the KYC process.

Supported Cryptocurrencies

BTCC traders can access over 300 cryptocurrencies in the futures market, while only six are available on the spot market (BETA).

Trading Fees

Trading fees are important in futures trading. In this category, it’s a bit of a mixed bag with BTCC. The exchange offers competitive fees that begin at 0.045% (taker) and 0.025% (maker). There are discounts and rebates for VIP traders with larger volumes.

BTCC’s pricing for its derivatives markets is appropriately priced. Compared to some of the industry’s biggest crypto exchanges in the derivatives market (see below), its pricing is slightly better.

Exchange	Trading Derivatives Fees (maker/taker)
Binance	0.02% / 0.04%
BTCC	0.025% / 0.045%
Bybit	0.02% / 0.055%
Bitget	0.02% / 0.06%

Ease of Use

BTCC’s ease of use cannot be overemphasised. The platform is built like many of the contemporary trading platforms. The navigation is simple and clean. Futures trading is loaded with multiple features for the pro trader, including a TradingView integration. This feature allows derivatives traders with advanced charting tools to perform comprehensive technical analysis to make informed trading decisions.

Mobile App

BTCC has a mobile app for both Android and iOS devices. The app has a rating of 4.3/5 on Android from 6,000 users.

The mobile app follows best practices, and we noticed most of the features available on the desktop version are supported on mobile devices. One notable exclusion for the derivatives market is the lack of TradingView, a major consideration for advanced traders.

Customers who posted reviews also expressed concerns about the mobile app’s repeated glitches and crashes. These genuine concerns could impact the user experience, especially during peak periods, when such glitches could be disastrous for investors.

Our general consensus is that while the app is suitable for the futures market, copy trading and managing your assets, the exclusion of TradingView could make it less suitable for some traders.

Security Measures

The cryptocurrency exchange prioritises asset and data security on its platform, as evidenced by its high-security standards. In fact, BTCC is one of the few exchanges that has remained incident-free since it was established in 2011.

To help ensure customer safety, BTCC has set up several features to assist in secure communication and safeguard assets in adherence to best practices.

The platform separates investors’ assets from the company’s, stored in cold assets with a multi-signature (multi-sig) setup. In addition, there’s a 1:1 reserve ratio for every asset deposited. 

In other words, for every 5 Bitcoins deposited on BTCC, the exchange stores an equal amount of Bitcoins in the company’s assets in reserve. This ensures that customers’ assets are fully backed and always available for withdrawal.

In addition to these setups, BTCC has an expansive security architecture that includes an encrypted communication network, regular penetration testing against cyber attacks, two-factor authentication (2FA) and PCI DSS validation that ensures all card payments are secured and encrypted against external attacks.

The exchange is fully compliant with local laws in its operating jurisdictions. It has multiple licenses from regulators in the USA, Canada and Europe.

Customer Support

To resolve customer queries and concerns, BTCC operates a Live Chat integrated with a Chatbot that can provide quick answers and links to articles to solve their queries.

The platform also features a self-service section where customers can reset passwords, submit KYC documentation, and enable additional security features.

BTCC traders are also provided with comprehensive Frequently Asked Questions that provide detailed answers to many pressing issues/concerns users can have about using the platform. However, we noticed the absence of phone support on the platform. Customers have to deal with the live chat if they have any pressing issues that require a human touch. Otherwise, users can contact them via email at support@btcc.com.

Frequently Asked Questions