Binance & BTCC Exchange Review: Pros, Cons, Fees, and More

With its commitment to catering to every crypto trader’s needs, BTCC emerges as the longest-operating crypto exchange globally. Meanwhile, Binance reigns as the world’s top crypto exchange by trading volume, offering robust tools to millions of users. Traders can buy, sell over 350 crypto assets at competitive fees, and enjoy additional options to lend, borrow, and stake their digital holdings.

  • Binance: Pros and Cons Explored
  • What are the product’s details?
  • What’s the Background of Binance? A Closer Look
  • BTCC: What Is It?
  • Can BTCC’s Legacy of Trust Endure?
  • VIP Program: What’s in it?
  • BTCC Exchange: What Are Its Unique Trading Features?
  • BTCC: What Are The Exchange Fees?

Binance: Pros and Cons Explored

Binance offers a wealth of resources to assist crypto newcomers in navigating its features. Don’t be intimidated by the platform’s comprehensiveness; Binance ensures a smooth transition into the crypto world with its supportive materials.

  • Cold storage of digital assets: Binance keeps over 90% of its digital assets in cold storage, a crypto wallet not connected to the internet. This enhances security against hacks and breaches.
  • Proof of reserves: Binance provides publicly verifiable cold wallet addresses. Users can confirm their account assets using a Merkle tree, ensuring transparency.
  • Trading tools and derivative products: Binance offers advanced trading and charting tools. It also caters to experienced traders with crypto derivatives like futures contracts. However, these are high-risk and not suitable for beginners.
  • Access to DeFi services: Through Binance, users can access staking and yield farming services, eliminating the need for a separate blockchain and Web3 wallet. While convenient, it still exposes users to DeFi risks.
  • Support for over 369 cryptocurrencies: Binance supports a wide range of assets, allowing investors to diversify without switching between exchanges.
  • Difficult to navigate UI: Binance’s feature-rich platform can make its UI complex, especially on desktop. However, the mobile app offers a simplified Lite mode for beginners.
  • Regulatory challenges: As the world’s largest crypto exchange, Binance faces global regulatory scrutiny. It’s working with regulators to meet compliance and has implemented dedicated teams.
  • History of a major hack: In 2019, hackers stole 7,000 BTC from Binance’s hot wallet. The exchange covered the losses and has since established an insurance fund to mitigate future risks.

What are the product’s details?

Product NameBinance Cryptocurrency Exchange
Fiat CurrenciesUSD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 60+ more
CryptocurrenciesBTC,ETH,USDT,BNB,SOL,USDC,XRP,DOGE,TRX,TON,ADA,AVAX,SHIB,WBTC,LINK,BCH,DOT,NEAR,SUI,DAI,LTC,TAO,APT,UNI,PEPE,ICP,WBETH,FET,POL,FDUSD,ETC,RENDER,XLM,STX,WIF,IMX,FIL,AAVE,OP,ARB,HBAR,INJ,FTM,VET,ATOM,RUNE,GRT,SEI,BONK,FLOKI,THETA,MKR,AR,OM,PYTH,TIA,ALGO,JUP,LDO,WLD,JASMY,BTTC,FLOW,W,QNT,CFX,NOT,ENA,STRK,FTT,NEIRO,BEAMX,ORDI,GALA,NEO,EIGEN,EOS,AXS,EGLD,CKB,XEC,XTZ,PENDLE,MINA,CHZ,SAND,1000SATS,RONIN,MANA,ENS,NEXO,SUPER,CAKE,AXL,PAXG,KLAY,TUSD,LUNC,ROSE,ZEC,DEXE,ZK,SNX,ZRO,BLUR,ASTR,BOME,TURBO,TWT,APE,RAY,GNO,LPT,IOTA,TFUEL,CELO,PEOPLE,COMP,DOGS,GMT,OSMO,KAVA,1MBABYDOGE,RSR,SFP,IOTX,1INCH,GLM,ARKM,AMP,WOO,DYM,CRV,AEVO,HMSTR,JST,MEME,BNX,DASH,MANTA,SC,SAGA,KSM,ETHFI,ELF,ZIL,HOT,ID,GAS,ANKR,ZRX,LUNA,ENJ,QTUM,ALT,BAT,JTO,MASK,SSV,G,T,RVN,UMA,IO,RPL,GMX,METIS,POLYX,DCR,SKL,DYDX,FLUX,SUSHI,CVX,SUN,ONE,BICO,YGG,ILV,EDU,COTI,CVC,BAND,YFI,ONT,FXS,LRC,ACH,BANANA,TRB,VTHO,AUDIO,KDA,STORJ,GLMR,CHR,SXP,PIXEL,BB,ICX,XAI,VANRY,LSK,CATI,ONG,USTC,XVS,ZEN,JOE,WAXP,DGB,BAL,IQ,API3,XNO,POWR,NTRN,USDP,PUNDIX,NMR,RLC,IOST,CTSI,C98,PHB,PYR,TRU,PROM,POND,HIVE,SLP,STRAX,SNT,CELR,MAGIC,DUSK,AI,RIF,PORTAL,AUCTION,HIGH,SYN,DAR,WIN,DODO,STPT,STEEM,ARK,PHA,MOVR,DENT,ARDR,KNC,HOOK,DIA,ACE,RARE,OMNI,SYS,SPELL,RDNT,CYBER,CTK,MTL,LQTY,MAV,AGLD,REQ,OXT,STMX,BAKE,ALICE,QI,HFT,GNS,REZ,HIFI,QKC,LEVER,ACA,XVG,AEUR,TKO,BNT,NFP,LISTA,STG,ARPA,SCRT,RAD,GTC,BADGER,OGN,NKN,MBOX,FIDA,LTO,REI,BLZ,ALPHA,FORTH,MBL,AERGO,GHST,WRX,TLM,DEGO,MLN,ERN,ATA,TNSR,EURI,DATA,PERP,CTXC,BETA,BEL,FUN,COS,REN,NULS,FIS,LIT,WING,LOKA,KMD,WAN,VIC,FLM,SLF,ALCX,CLV,ORN,CREAM,VOXEL,IDEX,BSW,FARM,MDT,OG,VIDT,COMBO,PDA,PSG,AVA,LINA,QUICK,FIO,IRIS,CHESS,UNFI,ALPACA,BIFI,BURGER,AMB,ADX,DF,SANTOS,KEY,UFT,UTK,BAR,KP3R,IDRT,AKRO,GFT,PIVX,CITY,ALPINE,FIRO,AST,HARD,ASR,TROY,VIB,LAZIO,JUV,VITE,PORTO,OOKI,ATM,OAX,ACM,PROS
Deposit MethodsBank transfer, Cryptocurrency, Apple Pay, Google Pay, SWIFT, Debit/credit cards
Trading FeeMaker – varies, Taker – 0%
Deposit FeesNone
Withdrawal FeesFees vary

What’s the Background of Binance? A Closer Look

Binance, launched in 2017, has risen to become the world’s leading cryptocurrency exchange by trading volume. Extending its reach in 2020, Binance introduced the Binance Smart Chain (BSC), a blockchain network designed to support smart contract applications, further solidifying its position in the crypto industry.

BTCC: What Is It?

We are BTCC
Founded in 2011
Security: 2FA, cold storage, 1:1 reserve funds, zero hacks
Trading Options: Spot, perpetual futures contracts, copy trading, demo trading, instant crypto-to-crypto convert, tokenized stocks and commodities
Supported Cryptos: 88 for spot; 300+ for futures
Leverage: Up to 500x for futures
Demo Trading: $100,000 virtual funds
Trading Fees: As low as 0% maker and 0.01% taker for the futures market
KYC Compliance: Yes, Mandatory
Regulation: Licensed in the U.S., Canada, Europe

BTCC, established in 2011, stands as a globally recognized and trusted cryptocurrency exchange. Known for its unwavering dedication to security and regulatory adherence, the platform has earned a sterling reputation within the industry, becoming a top pick for traders worldwide. With a footprint spanning the US, Canada, and Europe, BTCC is ideally positioned to cater to North American and European trading communities. Beyond basic cryptocurrency transactions, the exchange boasts cutting-edge features like copy trading, perpetual futures, and tokenized stocks. These offerings provide traders with diverse investment opportunities, including non-crypto assets such as gold, silver, and U.S. stocks. Whether you’re a trading novice or a seasoned professional, BTCC’s range of services and secure, regulated environment make it an ideal trading destination.
BTCC, a leading cryptocurrency platform, recently celebrated its 13th anniversary, highlighting over a decade of uninterrupted security and innovation. With zero security breaches since its inception, BTCC stands as a beacon of trust in the crypto space. This exceptional track record assures traders of the utmost safety for their digital assets, underscoring the platform’s deep commitment to user satisfaction and security. BTCC’s milestone anniversary not only marks a significant period of growth but also looks ahead to a future of continued excellence in the cryptocurrency industry.

Can BTCC’s Legacy of Trust Endure?

BTCC, with a journey spanning over a decade, has earned a reputation for trustworthiness. Since its inception in 2011, the platform has boasted an impeccable security record, maintaining zero security incidents and successfully safeguarding user crypto assets. A key aspect of BTCC’s security measures lies in the use of multi-signature cold storage wallets, kept securely offline and away from the prying eyes of the internet. These wallets, impervious to hacking attempts, store various cryptocurrencies and prevent any unauthorized access or losses. Furthermore, BTCC maintains an insurance fund as a precautionary measure to cover unexpected losses, ensuring that users’ balances remain protected even during volatile market conditions. Additionally, the exchange meets the rigorous Payment Card Industry Data Security Standard (PCI DSS), further minimizing the risks of cyber attacks and providing robust protection against credit card fraud. BTCC’s commitment to security and trustworthiness is unparalleled in the cryptocurrency exchange industry.
Regular updates, rigorous security audits, and strict adherence to industry best practices showcase BTCC’s unwavering commitment to responsible operations. As a testament to its trustworthiness, BTCC also provides negative balance protection, ensuring that traders never risk losing more than their initial deposit. This legacy of trust is what sets BTCC apart in the cryptocurrency exchange landscape.

VIP Program: What’s in it?

BTCC’s VIP program offers an array of exceptional perks to its most dedicated users. With market-leading low buying and selling costs further reduced for VIPs, the program is a standout. VIPs enjoy fee discounts, with higher levels unlocking greater savings on conversion and withdrawal fees. Starting at VIP2, members can use coupons to cover fees. SVIP members receive prioritized customer support and faster withdrawal processing. Additionally, VIPs gain exclusive access to special campaigns and BTCC merchandise, elevating their experience.

BTCC Exchange: What Are Its Unique Trading Features?

BTCC’s Spot Trading Explained

Spot trading stands as a prevalent method for cryptocurrency transactions, offering traders the chance to directly exchange a wide array of digital assets at current market rates. BTCC emerges as a leading platform, supporting 88 diverse coins, including top choices like Bitcoin, Ethereum, Dogecoin, and Solana. For those who cherish the ownership of actual cryptocurrencies beyond mere price speculation, spot trading serves as an excellent option. Furthermore, BTCC simplifies the trading experience for users in the U.S. and Canada by facilitating deposits in USD and CAD, eliminating complexities related to currency conversions and hidden fees.

BTCC Futures Trading Explained

The BTCC exchange platform empowers traders with a comprehensive futures trading experience. Supporting over 300 cryptocurrencies, including top pairs like BTC/USDT and ETH/USDT, it enables speculation on future price swings without the need to own the base assets. This versatility opens up profit opportunities in both bullish and bearish markets. A standout feature of BTCC is its leverage flexibility, allowing traders to amplify their positions up to 500x on select assets within five popular pairs: BTC/USDT, ETH/USDT, DOGE/USDT, SOL/USDT, and XRP/USDT. For those preferring a more conservative approach, adjustable leverage up to 50x across various contracts is also available. Furthermore, BTCC offers diverse futures contract settlement options, catering to a wide range of trading strategies and risk profiles. BTCC Exchange offers traders diverse order types like market, limit, and stop-loss, bolstering their ability to pinpoint ideal entry and exit points. Contracts on this platform can be settled in USDT or the cryptocurrency itself, ensuring flexibility for a wide range of trading strategies. A notable highlight is the stop-loss and take-profit functionalities, which prove invaluable in risk management by automatically closing positions when specific thresholds are hit.

BTCC Exchange Trading Features Explained: Copy Trading

Looking for a simple yet effective way to trade cryptocurrencies without constant market monitoring? BTCC’s futures copy trading feature might be your answer. This innovative tool allows you to automatically replicate the trades of top-performing traders in real-time, making it ideal for beginners or those too busy to trade actively. But it’s not just for newbies; experienced traders can also apply to become lead traders on BTCC and enjoy attractive profit-sharing benefits. As a lead trader, you can earn a generous 10-15% of the profits generated by followers, a higher rate than most other platforms. Whether you’re a trading novice or a seasoned pro, BTCC’s copy trading feature offers a unique opportunity to benefit from the strategies of others or share your own success. As a lead trader on BTCC, you can monetize your trading skills while helping others achieve success. The key? Joining early. Early lead traders enjoy the advantage of rapidly building their assets under management (AUM) and securing higher commission rates over time. Your commission is determined by your 30-day average AUM, and with daily profit settlements, you’ll see frequent returns on your investments. Don’t miss out on this opportunity to grow your wealth and influence in the trading community.

BTCC Exchange Trading Features Explained: Demo Trading

BTCC stands out with its demo trading option, an exceptional feature for beginners to explore the world of cryptocurrencies risk-free. With $100,000 in virtual funds, users can hone their trading skills and test strategies in a realistic market environment. This demo account offers a taste of the real trading experience, helping newcomers gain confidence before investing actual money. Another noteworthy perk is BTCC’s instant crypto-to-crypto conversion. It simplifies the process of swapping one digital asset for another, eliminating the complexities of spot trading. Whether you’re aiming to diversify your portfolio or seize market opportunities, this tool makes it effortless. For instance, converting Bitcoin to Ethereum is just a click away, enhancing portfolio management’s efficiency and convenience. BTCC’s commitment to user-friendliness is evident in these features, catering to both crypto novices and seasoned traders alike.

Tokenized Stocks and Commodities Trading on BTCC Exchange

BTCC exchange stands out with its unique offering: tokenized stocks and commodities, bridging the gap between traditional finance and the crypto world. Imagine trading digital versions of Apple or Tesla shares, or even gold and silver, right on the BTCC platform, without actually owning the physical assets. These ‘tokenized futures’ are directly linked to the real-time prices of their underlying assets, ensuring that market movements are reflected accurately. What’s more exciting is the opportunity to trade these tokens with leverage, allowing you to potentially magnify your profits with a smaller investment. With leverage up to 50x for stocks and 150x for commodities, the possibilities are endless. And since these contracts are perpetual, you have the freedom to hold them as long as you desire, without any expiration dates to worry about.
BTCC Exchange offers a unique trading experience, settling all transactions in USDT for quick and seamless processes. Traders who prioritize price movements and prefer to avoid traditional stockbrokers will find this platform particularly appealing. It’s important to note, however, that while trading on BTCC, you don’t actually own the underlying assets like stocks or gold, meaning you won’t receive dividends from the companies.

BTCC: What Are The Exchange Fees?

BTCC Exchange Fees

Traders at the VIP0 level, with no specific estimated total value or trade volume, are subject to the following fees. This tier includes all users who have not yet reached higher VIP statuses.

  • BTCC Exchange Fees
  • Futures Trading Fees:
  • When placing a limit order that adds liquidity to the market (maker), traders enjoy a futures fee of 0%.
  • Orders filled immediately (taker) incur a fee of only 0.01% of the trade value.
  • These rates are significantly lower compared to other futures exchanges such as Kraken, Binance, or Bybit.

Advance to higher VIP levels at BTCC and enjoy exclusive benefits like lower fees. The specific perks depend on your VIP tier, but all users can look forward to extra advantages as they climb the VIP ranks.

BTCC Exchange Deposit and Withdrawal Fees

Deposit funds in USD and CAD seamlessly, with fees varying based on your chosen payment method. Enjoy zero-fee cryptocurrency deposits, ideal for transferring funds from other wallets or exchanges. Withdrawal costs differ by cryptocurrency, covering only standard gas fees, yet stay market-competitive, guaranteeing fair pricing when shifting your assets off the platform.