Adjustment to the rules of crypto purchase

17/01/2023

Thank you for your continued support of BTCC. It recently came to our attention that some users only use our 'Buy Crypto' service to purchase USDT, and they withdraw the crypto purchased immediately without trading futures on our platform.
 

As BTCC is a crypto futures exchange, if users only buy USDT and withdraw the assets without trading on our platform, they could easily be flagged as suspicious accounts by the system for behaviours that are violations of the BTCC platform, such as money laundering. For suspicious accounts, the rights to use the platform will be limited. For example, users may not be able to participate in campaigns to earn bonuses.

 

BTCC provides users with a wide range of benefits to help reduce their trading costs, such as giving away bonuses for registration, deposits, and trading. In order to ensure a fair trading environment for all users, BTCC will charge an additional withdrawal fee for the following types of users with immediate effect.

 

Type 1: Users who traded futures after buying crypto on BTCC, but the margins of their positions are less than 30% of their crypto purchase amount.

 

If a user purchased 100 USDT using the 'Buy Crypto' function, but the margins of their positions are less than 30% of their crypto purchase amount (i.e. 30 USDT) at the time of making a withdrawal, an additional 6% withdrawal fee (i.e. 6 USDT) will be charged.

 

Type 2: Users who did not trade futures after buying crypto on BTCC, or who also converted their purchased USDT into other cryptocurrencies
 

If a user purchased 100 USDT using the 'Buy Crypto' function and has not traded any crypto futures at the time of making a withdrawal, an additional 6% withdrawal fee (i.e. 6 USDT) will be charged.
 

If a user has not traded any crypto futures after buying crypto and has converted the purchased USDT into BTC or other cryptocurrencies at the time of making a withdrawal, an additional 6% withdrawal fee in the converted cryptocurrency will be charged. 
 

Just a friendly reminder that users can also find the above-mentioned additional withdrawal fee rules on the 'Buy Crypto' page.

 

Please note that the following users will not be charged the additional withdrawal fee mentioned above.

  • Users who have traded crypto futures on the BTCC platform and have margins that are 30% or more of their crypto purchase amount.
  • Users who use the ‘Deposit’ function to fund their accounts.

Thank you for your attention and understanding. If you have any questions about this matter, please do not hesitate to contact our customer service team via Live Chat.

 

BTCC Team