Whether you’re a new cryptocurrency investor or have years of experience, BTCC is a good choice to keep your cryptocurrency investments safe. The company is regulated by the CFTC, offers a mobile wallet, and has a 100% track record when it comes to security. However, the question is, how does this platform stack up against the competition?
BTCC is a cryptocurrency exchange
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BTCC is a cryptocurrency exchange that offers a variety of deposit methods. For most of their transactions, BTCC only accepts USD, but they may be working on adding Yuan as a supported currency in the future. After verification, individuals can begin trading or buying cryptos from the asset menu. The company supports payment methods such as wire transfers and credit and debit cards. BTCC also offers a referral program that offers no cap on referral earnings.
BTCC is a good choice for new or experienced cryptocurrency users. The company has a large selection of tokens to trade and a very easy-to-use platform. However, there are some potential problems with BTCC, namely its security. The company does not speak much about this, but other platforms have experienced high-profile hackings.
BTCC was founded in China, but now has offices in Hong Kong and the United Kingdom. The company is regulated by the respective governments of the two countries. The HK division is under the jurisdiction of the Chinese government, which has implemented very strict policies against ETH Exchange. The UK division is not regulated by Chinese authorities, which is a positive sign given the country’s changing stance on crypto trading.
BTCC is regulated by the CFTC
Bitcoin and Ethereum trading has been a popular and profitable alternative for many years now, and BTCC is one of the world’s oldest ETH Exchange. In January 2021, Bitcoin reached its all-time high, reaching over $35,000. Bitcoin is now considered a safe haven by institutional investors who view it as a hedge against fiscal stimulus programs.
Although the CFTC regulates established commodities markets, it is less concerned with protecting retail investors than the SEC. However, its chair Rostin Behnam has been trying to obtain authority to regulate digital commodity spot markets, in which assets change hands directly without a middleman. However, some believe that he is biting off more than he can chew.
BTCC offers a mobile wallet
BTCC, a leading bitcoin exchange in China, recently announced the launch of a multi-currency mobile wallet. Known as Mobi, the wallet can be used to send and receive money from over 150 different currencies. It also allows users to send and receive money via email or Twitter accounts and can optionally be used to send money to Visa debit cards. The mobile wallet is available here https://www.btcc.com/ for both iOS and Android devices.
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Mobi is an app that BTCC recently unveiled at Money 20/20 in London. The wallet allows users to send and receive over 50 different currencies, including bitcoin, fiat currencies, and gold and silver. It works with any mobile carrier, and BTCC says that it is designed to be easy to use. The Mobi wallet is tied to a user’s phone number, eliminating the need to remember complicated cryptocurrency wallet addresses.
BTCC offers trading apps for iOS and Android devices that retain the functionality of the web-based platform, but are easier to use. The apps can be downloaded from the official BTCC website via a QR code. The fees for trading and withdrawing can be compared on the website. BTCC does not offer bonuses or other incentives, but its mobile wallet offers users access to a variety of exchanges, as well as fiat currency deposits and withdrawals.
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BTCC has a 100% track record in security
The BTCC platform is one of the oldest in the cryptocurrency exchange world. While its operations are based in China, its registration is in the United Kingdom. This allows the exchange to be regulated by the respective governing bodies of the country and Hong Kong. The stricter policies of the former have kept the exchange under close scrutiny, which is not in the best interest of its users. On the other hand, the UK side is governed by UK authorities, which tend to be more progressive when it comes to cryptocurrencies.
BTCC also offers a robust customer support team. The team listens to customer feedback and constantly updates the platform. Moreover, it engages with its customers through its social media platforms, such as Twitter. This allows users to stay informed about new activities and events.
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BTCC has been in the industry for ten years and has never suffered a security breach. It specializes in crypto derivative trading, and offers a bonus of up to 2,000 USDT to new users. It supports a variety of payment methods, including Bitcoin, ETH, and Litecoin. It offers its services in several languages, including Chinese, Korean, and Japanese.