How to Trade Crypto Futures Contracts on BTCC
BTCC is one of the oldest / most established cryptocurrency exchanges, supporting some of the most prominent cryptocurrencies on the market, including Bitcoin, Litecoin, and Ethereum. The exchange has comparatively minimal trading fees for its users.
Trading futures is BTCC’s highlight feature. It stands out for the wide range of futures contracts available, including options for expiry periods (quarterly, annual, etc.) and leverage (up to 500x), allowing users to tailor their trading strategies to their market expectations, investment goals, and risk tolerance.
Unlike spot trading, it allows users to speculate on the future price movements of cryptocurrencies without actually possessing them, as in a crypto wallet. This style of trading allows for both long and short positions, giving you the ability to profit from both market uptrends and downtrends.
- 1.What is BTCC?
- 2.How to Register an Account on BTCC?
- 3.How to Deposit and Withdraw Crypto on BTCC
- 4.How to Trade Crypto Futures Contract on BTCC
- 5. BTCC Pros and Cons
- 6. BTCC Bonus and Promotion
- 7. Is BTCC Safe?
- 8.Conclusion
- Why Choose BTCC?
1.What is BTCC?
BTCC was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.
We also have crypto licenses in the United States, Canada, and Europe. Through the ups and downs of numerous market cycles, BTCC has supplied safe trading services with cutting-edge technology for the past 11 years. As the world’s oldest crypto exchange, BTCC has always placed a great emphasis on enhancing every area of trade, seeking to establish a fair trading environment for all crypto enthusiasts worldwide.
The exchange has attracted over 2 million users from around the world as a result of the extensive range of services it provides, which is a direct result of the compliance and trust of its users. The trading of futures contracts on a wide range of cryptocurrencies with up to 500x leverage, as well as spot trading on a few tokens, is the most prominent of these services.
The precise number of cryptos listed fluctuates as BTCC consistently endeavors to update its selection to encompass both established and emergent digital currencies, thereby adapting to the ever-evolving dynamics of the cryptocurrency market.
Additionally, the platform has distinguished itself by its user-friendly interface, which ensures that it is accessible to all, irrespective of their level of cryptocurrency expertise. Its reputation as one of the most widely used and respected cryptocurrency exchange platforms globally has been solidified by its capacity to adapt and innovate rapidly.
2.How to Register an Account on BTCC?
It’s easy and quick to register an account on BTCC. You can set it up in just a few minutes by following these simple steps:
Step 1:Go to the BTCC Official Page
Go to the BTCC website and click on the “Register” button in the top right corner. You may also enter your email address or phone number in the registration box and click [Register Now] to move on.
Step 2: Fill in the information
Next, type in your email address and make a secure password. For a quicker enrolment, you can also sign up right away with Google, Apple, or MetaMask. If you have a referral code, type it into the box that says “Referral Code.” When you’re done, click [Next] and finish the CAPTCHA check.
Step 3: Check your email
Look in your mailbox for an email from BTCC that confirms your account. It will have a four-digit number in it. To confirm your email, type this code into the box. If you don’t see the email, look in your spam folder or click [Didn’t receive the code?] to send it again.
Step 4: Choose the Residence or Country
Now, you will be asked to choose your country or region of residency from the list. Choose the right country, then click [Next] to finish setting up your account.
That’s all there is to it; you’re now a member of BTCC! When you join up, a pop-up should appear that takes you to BTCC’s incentives program for new users. You may do things like KYC verification, make your first deposit, make your first trade, and reach cumulative trading milestones to earn up to 30,000 USDT in prizes here.
Complete KYC (Optional)
BTCC is one of the few exchanges that doesn’t require KYC verification, so customers may deposit money and start trading right away without having to prove their identity. But people who don’t do KYC have a lot of problems, such lower daily crypto withdrawal limits, no access to fiat services, and not being able to participate in promotional programs or earn referral bonuses.
BTCC has three tiers of KYC verification, each with its own set of features and restrictions:
Not Verified: There is no need for any more documentation.
Identity Verification: To prove your identity, you need a government-issued ID like a passport, driver’s license, ID card, or residence permit. Based on what I’ve seen, my papers were accepted right away.
Facial Verification: You need to take a selfie, which was also authorised right away in my situation.
KYC on BTCC becomes mandatory if:
- You want to buy USDT with a credit or debit card or another common way to pay.
- You need to take out more than 10,000 USDT every day.
BTCC usually checks accounts in a matter of seconds.
Look More: How to Register an Account on BTCC
/ You can claim a welcome reward of up to 30,000 USDT🎁\
3.How to Deposit and Withdraw Crypto on BTCC
You can start trading cryptocurrencies on your BTCC account after creating and protecting it. The website provides a number of deposit options, including credit card, debit card, bitcoin, and bank transfer. The deposits and withdrawals of cryptocurrency on BTCC will be the main topic of this essay.
3.1 How to Deposit on BTCC
After successfully opened an account on BTCC. There are two ways to deposit on BTCC.
- Fiat Deposit. Buy Crypto with Fiat currency ➞ transfer the crypto to your BTCC account
- Crypto Deposit. Deposit crypto from your wallet or other exchanges to your BTCC account
3.1.1 Choose Fiat Currency to Deposit
Deposit in fiat currency is to use credit card or other fiat currency channel to buy and deposit money. As the global fiat currency channel varies, the actual situation needs to be based on the current fiat currency channel used by BTCC to carry out relevant operations.
Select the purchase quantity and payment currency, then click Pay Now on the corresponding payment method to proceed to payment.
After successful purchase, the payment will be credited to your BTCC account within 2~30 minutes. Blockchain network conditions or service provider status may affect the crediting time.
If you encounter any problems when making a deposit, please contact our customer service via the bottom right corner of this page.
3.1.2 Select Crypto Deposit
Here’s a quick guide on how you can make deposits on our platform.
Step 1: Go to the the Assets page on our website. Tap Crypto Deposit
Step 2: Choose the cryptocurrency. From the dropdown menu, pick the coin you want to deposit. BTCC supports a number of assets, such as BTC, ETH, USDT, XRP, LTC, and others.
Step 3: Select the Network. Choose the blockchain network from the selection that pops up. Check that the network on the withdrawal platform is the same as the one you’re using. If they don’t match, your money won’t get there!
Step 4: Type in the amount of the deposit. Put in the amount of cryptocurrency you want to deposit. It’s a good idea to double-check before moving forward because some networks may charge a minimum payment.
Step 5: Copy the address for the deposit. On the right side of the page, you will see a unique deposit address for the cryptocurrency you choose. Then, copy it and paste it into the withdrawal box on the platform you’re leaving.
That’s all there is to it; your crypto is on its way! Just wait for network confirmations now.
3.2 How to Withdraw on BTCC
Crypto withdrawals on the BTCC exchange are quick and effortless. Simply click “Withdraw”, select your desired digital asset and network, enter the amount, paste your receiving wallet address, and confirm the transaction using your enabled security method (such as two-factor authentication).
To sell cryptocurrencies held in your BTCC account, navigate to the trading market for that asset. The cash-out process works just like buying crypto — choose and place a market or limit order, and once the trade is executed, the proceeds will appear in your spot balance.
Look More: How to Buy and Deposit Crypto on BTCC?
4.How to Trade Crypto Futures Contract on BTCC
The BTCC exchange offers two types of trading: spot trading and futures trading. Spot trading entails purchasing or selling a cryptocurrency at its current market value. Futures trading, on the other hand, is a sort of derivatives trading in which traders speculate on the future price of a cryptocurrency asset. Futures trading allows users to speculate on a coin’s worth without holding it.
This article will go into detail on BTCC’s futures trading. The exchange’s futures trading market includes over 300 assets, allowing traders to trade digital assets like Bitcoin with up to 500x leverage. In addition, the platform provides tokenized futures, such as gold, silver, and US stocks, giving users a variety of trading opportunities.
To access the BTCC futures trading functionality, customers must first register, verify, secure, and fund their accounts. The next step is to begin trading. Here, we shall concentrate on BTC trading. The following is an overview of how to trade futures on BTCC:
4.1 Choose the type of crypto futures
As previously mentioned, the exchange provides more than 300 cryptocurrencies and trading pairs. We’ll use the BTC/USDT trading pair for this guide, as it appears in the following image:
4.2. Choose the type of crypto order
Select the contract trading order type. BTCC contract orders are divided into market orders, limit orders and stop-loss orders.
- Market Order: Users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit Order is used to plunge to the top/bottom of the market, which is a user-defined bid/ask price. Once the market reaches the limit price, it can be filled.
- Stop Loss Order: The acronym SL stands for stop loss. TP stands for Take Profit. Traders use this function to indicate how much risk they are willing to take while trading. By establishing a stop-loss, the trader indicates the lowest price that the traded asset or pair will reach before being automatically withdrawn to reduce losses. In contrast, the take-profit feature includes setting a preset peak price for the asset before withdrawing it, so locking in profits for the trader.
4.3. Choose the leverage
This function allows traders to raise the number of their trading assets while depositing smaller amounts. The goal is to lock in as much profit as possible during periods of positive market volatility. BTCC allows BTC traders to use up to 500x leverage.
4.4. Choose the quantity
Enter the quantity or choose the percentage under the quantity field.
4.5 To execute the trade, select either Open Long or Open Short.
A long position is when you trade a cryptocurrency in the hopes that its value will climb. It capitalises on the concept of buying low and selling high. In contrast, a short position comprises selling a cryptocurrency in order to repurchase it at a cheaper price.
Here are the main advantages of using the BTCC cryptocurrency exchange:
- Largest variety of futures: Daily and Perpetual futures
- Up to 500x leverage
- Lowest trading fees 0.03%
- Industry-leading market liquidity
- Plenty of campaigns to win exciting rewards
Cons:
- BTCC is not limited to some of the other cryptocurrency hubs around the world.
6. BTCC Bonus and Promotion
BTCC holds campaigns from time to time to receive virtual currency bonuses and cashbacks. There are benefits that can only be received when opening a new account, so let’s open an account at this opportunity and get special campaign benefits.
This time, we will introduce the contents of the current campaign one by one. Also, the campaign changes irregularly, so please check the BTCC campaign list for the latest campaign information.
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 30,000 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels.
Up to 30,000 USDT Exclusive Bonus for New Users
You are eligible to get a welcome bonus of up to 30,000 USDT as a new user. For traders wishing to start using the platform, this bonus is an alluring incentive because it is given out according to your initial deposits and trading volume.
/ You can claim a welcome reward of up to 30,000 USDT🎁\
7. Is BTCC Safe?
We reduces the risk of asset loss for its users and creates a safer trading environment for them through the following security measures.
1.Legal and Regulatory Licenses
BTCC has obtained MSB regulatory licenses in the U.S. Canada, Europe respectively.
- Crypto licence issued by the Financial Crimes Enforcement Network (FinCEN) in the USA (license registration number 31000168143239)
- Crypto licence issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (license registration number M20713346).
- Crypto licence issued by the Registrar of Legal Entities of Lithuania (License No. 305950582)
2.Anti-Money Laundering (AML)
The BTCC has also adopted the Anti-Money Laundering (AML) regulation to prevent money laundering and combat the financing of terrorism.
3.KYC Identity Verification
Additionally, BTCC is dedicated to preventing money laundering and making sure that identity authentication is done correctly. Strict Know Your Customer (KYC) procedures are in place to confirm users’ identity. This prevents fraud in addition to making the community safer. The following are some KYC benefits and limitations:
4.Cold Wallet
BTCC uses a multi-signature cold wallet to hold customer assets. This is a fancy way of expressing that your cryptocurrency is secured by numerous private keys and is kept offline. Additionally, because BTCC has a 1:1 PoR storage policy, all user assets are properly backed up. Additionally, BTCC does not use tokens as collateral for loans, which provides an additional degree of protection against the dangers involved in lending and borrowing.
5.2FA Dual Authentication
Login with Google/SMS/Email 2FA dual authentication.
To withdraw from BTCC, you also need 2FA dual authentication to add a withdrawal address.
8.Conclusion
By adapting to the changing tides of the cryptocurrency market, BTCC has maintained its position as one of the oldest cryptocurrency exchange platforms in the world. Given the company’s track record over the past decade, I would suggest them to anyone who is satisfied with the cryptocurrency and trading pair options they offer and is in a place where they are accessible.
Why Choose BTCC?
Established in 2011, BTCC is a seasoned participant in the bitcoin exchange market with a solid track record of dependability and credibility. BTCC is committed to dependability, efficiency, security, a wide range of altcoin options, and distinctive features, making it an exceptional option for cryptocurrency aficionados. Its objective is to provide a trading platform that is fair and trustworthy in every way.
BTCC is a worldwide organization that prioritizes adherence to regional laws. It has regulatory permits in the USA, Canada, and Europe, among other nations. As one of the most reliable exchanges in use, BTCC has withstood both bull and bear markets since its founding without experiencing a single hack.
Spot, futures (with up to 500x leverage), and copy trading are just a few of the services that BTCC provides. Additionally, BTCC offers a free sample trading feature, which makes it a fantastic choice for novices looking for a secure practice setting. Additionally, BTCC provides the novel feature of tokenized stocks, which allows traders to obtain exposure to non-crypto assets including gold, silver, and U.S. equities, in addition to bitcoin trading. All things considered, BTCC’s distinctive solutions can always meet your needs, regardless of your level of experience as a trader.
FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform's infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements. Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange's website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user's VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US. According to BTCC's User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
Please be aware that all investments involve risk, including the potential loss of part or all of your invested capital. Past performance is not indicative of future results. You should ensure that you fully understand the risks involved and consider seeking independent professional advice suited to your individual circumstances before making any decision.
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