<\/h2>\nWhen it comes to trading cryptocurrency, security is a top concern for many. At BTCC, they take this issue very seriously, and it shows. Since the platform\u2019s inception in 2011, BTCC has proudly maintained a flawless security record with <\/span>zero hacks or breaches<\/b>. In an industry where security issues are not uncommon, this is a remarkable achievement.<\/span><\/p>\nSo, what makes BTCC stand out in terms of security?<\/span><\/i> For starters, the <\/span>segregation of assets <\/b>is a key practice. This means that your trading margins are kept in a <\/span>trust account,<\/b> separate from the company\u2019s operating funds. By doing this, BTCC ensures that your assets remain protected and accessible, even if the exchange faces any financial challenges.<\/span><\/p>\nTo take security a step further, BTCC stores user assets in a <\/span>multi-signature cold wallet<\/b>. This is a high-tech way of saying that your cryptocurrencies are kept offline and protected by multiple private keys. Moreover, BTCC follows a <\/span>1:1 PoR storage policy<\/b>, which means that every user\u2019s assets are fully backed. Plus, BTCC does not collateralize tokens for loans, which adds another layer of security against the risks associated with borrowing and lending.<\/span><\/p>\nBut security doesn\u2019t stop at asset protection. BTCC is also committed to <\/span>money laundering prevention<\/b> and ensuring proper identity authentication. They have strict <\/span>Know Your Customer (KYC) protocols<\/b> in place to verify the identities of their users. This not only helps to build a safer community but also keeps fraud at bay. Here are some KYC limits and benefits:<\/span><\/p>\n![\"KYC](\"https:\/\/nftevening.com\/wp-content\/uploads\/2024\/10\/unnamed-27.jpg\")
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Is BTCC Licensed and Regulated?<\/b><\/h3>\n
Yes, BTCC is both licensed and regulated, which provides additional assurance to its traders. The exchange complies with all relevant regulations in the countries where it operates, including the U.S. and Canada.\u00a0<\/span><\/p>\n\n- USA:<\/b> Licensed by the Financial Crimes Enforcement Network (FinCEN).<\/span><\/li>\n
- Canada<\/b>: Licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).<\/span><\/li>\n
- Europe<\/b>: Licensed by the Registrar of Legal Entities of Lithuania.<\/span><\/li>\n<\/ol>\n
BTCC Exchange Fees<\/b><\/h2>\nTrading Fees<\/b><\/h3>\n
For users at the VIP0 level, which includes traders with no estimated total value or trade volume, the fees are as follows:<\/span><\/p>\n\n- Futures Trading<\/b>: If you place a limit order that adds liquidity to the market (maker), the futures fee is as low as 0%. And, if you place an order that is filled immediately (taker), you will pay only 0.01% of your trade value. This is very low compared to other futures exchanges like Kraken, Binance, or Bybit.<\/span><\/li>\n
- Spot Trading:<\/b> The spot trading fees for VIP0 are 0.3% for takers and 0.2% for makers. Similar to futures, this means that takers will pay a higher fee than makers, incentivizing traders to provide liquidity.<\/span><\/li>\n<\/ul>\n
It\u2019s worth noting that BTCC offers additional benefits for users who advance to higher VIP levels, including lower fees. However, the exact benefits will vary based on the specific <\/span>
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