Thank you for your continued support to BTCC. It recently came to our attention that some users only use the 'Buy Crypto' or ‘Deposit’ feature to fund their BTCC accounts, but they make withdrawals immediately without trading futures on the platform.

As BTCC is a crypto futures exchange, if users only buy/deposit crypto 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 6% crypto/fiat withdrawal fee for users whose cumulative margins of their positions are less than 30% of their cumulative crypto purchase/deposit amount.

【 Additional crypto/fiat withdrawal fee: Withdrawal amount × 6%】

In order to provide a buffer time for users to transition well to this rule adjustment, the cumulative margins and cumulative crypto purchase/deposit amount has been calculated from 23 February 2023, and the additional 6% withdrawal fee will be charged from 6 March 2023 onwards.

Users can view the additional withdrawal fee on the crypto/fiat withdrawal pages, as shown in the screenshots below. By clicking on the fee, users will be able to see their cumulative margins and cumulative crypto purchase/deposit amount.

Please note that if users do not see the additional withdrawal fee on the crypto/fiat withdrawal pages, it means they will not be charged this fee.

Users who will be charged the additional withdrawal fee

The following table shows the types of users who will be charged an additional crypto/fiat withdrawal fee:

Please refer to the following details for the user types:

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

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

Type 2: Users who did not trade futures after buying crypto on BTCC, or who just converted their 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 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.

Type 3: Users who traded futures after depositing crypto on BTCC, but the cumulative margins of their positions are less than 30% of their cumulative crypto deposit amount

If a user deposited 0.2 BTC, but the cumulative margins of their positions are less than 30% of their crypto deposit amount (i.e. 0.06 BTC), an additional 6% crypto/fiat withdrawal fee will be charged.

Type 4: Users who did not trade futures after depositing crypto on BTCC, or who just converted their cryptocurrencies

If a user deposited 0.2 BTC but did not trade any crypto futures, the user will be charged an additional 6% withdrawal fee (i.e. 0.012 BTC) when withdrawing the 0.2 BTC.

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

Type 5: Users who traded futures after depositing and buying crypto on BTCC, but the cumulative margins of their positions are less than 30% of their cumulative crypto deposit/purchase amount

If a user purchased 100 USDT and also deposited 0.2 BTC, but the cumulative margins of their positions are less than 30% of their cumulative crypto deposit/purchase amount (i.e. the sum of 30 USDT and 0.06 BTC), an additional 6% crypto/fiat withdrawal fee will be charged.

Type 6: Users who did not trade futures after depositing and buying crypto on BTCC, or who just converted their cryptocurrencies

A user deposited 0.2 BTC and purchased 100 USDT but did not trade any futures.

When the user converts the 0.2 BTC to 5,000 USDT and withdraws all USDT, an additional 6% withdrawal fee [i.e. 306 USDT = (100 USDT + 5,000 USDT) × 6%] will be charged.

Alternatively, when the user converts 100 USDT to 0.004 BTC and withdraws all BTC, an additional 6% withdrawal fee [i.e. 0.01224 BTC = (0.2 + 0.004 BTC) × 6%] will be charged.

Just a friendly reminder that users can also find the above-mentioned additional withdrawal fee rules on the 'Buy Crypto' and ‘Deposit’ pages.

Please note that the following users will not be charged additional withdrawal fees as mentioned above:

• Users who have traded crypto futures on the BTCC platform and whose cumulative margins of their positions are more than 30% of their cumulative crypto deposit/purchase amount.

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

The BTCC team