BTCC Review – Key Issues Revealed By Traders Explained

If you look at the company’s legal information and transparency, it appears to be absolutely legitimate. Indeed, the legal owner, BTCC Lithuania Limited UAB, can be found in the country’s company register.

However, the company’s track record doesn’t seem good. That’s why we have to analyze this exchange in detail and help traders with this BTCC review, avoiding potential problems.

Broker status:	Regulated Exchange
Regulated by:	FNTT (FCIS)
Operating Status:	Active Crypto Exchange
Known Websites:	Btcc.com
Blacklisted by:	N/A
Owner:	BTCC Lithuania Limited UAB
Headquarters Country:	Lithuania
Foundation Year:	2011
Online Trading Platforms:	Proprietary web-based platform
Mobile Trading:	Available
Minimum Deposit:	N/A
Deposit Bonus:	Available
CFD Trading Option:	Not available
Crypto Asset Trading:	Yes  – BTC, ETH, LTC
Available Trading Instruments:	Cryptos
Maximum Leverage:	Up to 1:225
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Even though the company appears legitimate, some traders revealed the bitter truth about activities that are absolutely legal but potentially a rip-off. In case you want to change the company and have trouble withdrawing your money, feel free to contact us for refund advice.

Is BTCC Legit?

Even though the company was founded in 2011, its license (number: 305950582) has been valid only since 2022. Generally, licenses issued by FCIS can’t be compared to the ones from FCA, BaFin, or ASIC, primarily because of the initial capital required to get it and other requirements companies have to meet.

But to be fair, it’s better than nothing. Thus, some traders writing BTCC reviews wouldn’t agree with that.

Traders Experience

If you are still thinking of signing up with BTCC exchange, you better check reviews on Trustpilot and Reviews.io. Surprisingly, the positive and negative reviews ratio is not the same. Not to mention the company claims to have more than 1 million registered users and there are only around 200 comments.

In any case, with more than enough comments, you can realize that more than 20% of traders didn’t have good experience with the company. If that was you as well, we recommend you talk to our refund specialists and find other options.

How Does BTCC Work?

One of the issues traders mention is high fees compared to other exchanges. In order to get lower fees, you’ll have to deposit a fortune to get access to VIP accounts. To be fair, if you had that money to deposit, you wouldn’t care much about the fees.

In any case, those are all legal details that are transparent. Thus, it is not something that represents genuine services. So, if you experience the same issues, get in touch for a consultation. Especially if you ever experienced problems with companies mentioned in our Trendex or CentroBanc reviews.

Who Are BTCC Clients?

Generally speaking, the company has no limitations on the operating areas. Therefore, traders from all over the world can join them. But it’s way better to trade with a top-tier licensed domestic company than this one. Especially if you come from the countries where this company offers services to mostly:

• United Kingdom
• Canada
• United States
• South Korea
• Japan

If you want to find a proper exchange in your country and recover your crypto from any exchange, don’t hesitate to reach out for assistance.

What Are Trading Platforms Available?

Whether you want to purchase cryptos or use spot, futures, and copy trading features, you are doing all of that on a web-based platform. It’s quite a simplified one, and the charting features are imported from TradingView.

Is the BTCC Mobile Trading App Available?

On the positive side, the BTCC app for iOS and Android devices is available. This might give a company higher credibility. Still, with all the potential issues traders reported, you could have better choices.

What Financial Instruments Does The Platform Include?

Generally, you don’t need BTCC login credentials to see exactly what assets the company offers. With hundreds of options available, there will be something for everyone. Starting with the most popular options like:

• Bitcoin
• Doge
• Shiba, etc.

Account Types Offered by BTCC

If you want to get a birthday gift and VIP level badge but also lower fees, you can choose the VIP program. Traders can choose between 7 VIP and 5 VIP packages, each requiring a higher deposit or a higher 30-day trading volume.

To be honest, traders can see impactful discounts only if they have more than $500,000 in the balance or $20M in 30-day trading volume.

Can a Trader Use a BTCC Demo Account?

Indeed, yes. This feature is quite surprising for a crypto exchange. But with leveraged trading in the offer, that’s a good option to have. So, you can test all the features out with 100,000 USDT in the balance.

BTCC Fees, Leverage, and Commission

In general, the BTCC deposit amount, in most cases, will dictate what fees and commissions you can expect. Futures maker fees start at 0.025% and taker fees at 0.045%. Only when you have $3M in the balance or a 30-day trading volume of $200M can you get 0% for the maker and 0.01% taker fees.

On the positive side, BTCC spot trading fees are fixed at 0.1% for all. Also, depending on the account type, traders can have conversion fees and withdrawal fee discounts of up to 60%. On the negative side, the company offers leveraged trading with a leverage of 1:225. Fairly, insanely high for highly volatile cryptos.

Is the BTCC Welcome Bonus Available?

Surprisingly, yes. Once you register with the company, whether with interest in BTCC futures or spot trading, you can claim numerous rewards up to 10,055 USDT. After every mission you successfully complete, you can get some rewards.

Is BTCC Withdrawal Possible?

Considering the extremely high BTCC leverage, you should hope there will be nothing to withdraw. In any case, with the regulations the company has, you should have a clean withdrawal process, especially with fully transparent withdrawal fees.

However, some traders reported issues with it, and that should be accounted for, too.

What Should I Do If I Have a BTCC Problem?

The best option is to consult with professionals if any potential issue occurs. If you are not adequately informed about crypto exchanges and their activities, you won’t even know if there’s something wrong. That’s why our refund team offers a free first consultation for traders all over the world.

Once you find out if there’s a solution to your problem, you can get full guidance. So, book your meeting right away if you think there’s an issue with your exchange.