BTCC Company Profile and Trading Information

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BTCC is a Chinese cryptocurrency exchange founded in 2011 by Bobby Lee and Roger Ver.

The company is headquartered in Hong Kong and has offices in Beijing and Shanghai.

BTCC offers a variety of trading services, including Bitcoin, Litecoin, and peer-to-peer trading.

The exchange has a strong focus on security, with a cold storage system in place to protect user funds.

Funding and Investors

BTCC has a total of 6 institutional investors, including Blockchain Capital, Digital Currency Group, and Lightspeed Venture Partners. These investors have played a significant role in shaping the company's growth.

Its first funding round was a Series A round on November 18, 2013, for $5M. This was a significant milestone for BTCC.

One of its notable investors is Charlie Lee, who is an angel investor in BTCC. He's not the only one, but his involvement is worth noting.

BTCC's latest funding round was also a Series A round, but this time on May 31, 2017, for an undisclosed amount. Two investors participated in this round.

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Here's a breakdown of BTCC's funding rounds:

BTCC has raised a total of $5M in funding over 2 rounds, with its first round being on November 18, 2013.

Investors and Competitors

BTCC has attracted several investors, including notable venture capital firms and prominent figures in the blockchain industry.

One of these investors is IDG Capital, a well-established venture capital firm that has invested in numerous successful startups.

The company has also received funding from Matrix Partners China, a prominent venture capital firm in the region.

BTCC's investors have played a crucial role in the company's growth and development, providing valuable guidance and resources to support its expansion.

BTCC's competitors in the cryptocurrency exchange market include Huobi and OKCoin, both of which are well-established players in the industry.

Huobi, in particular, has been a major competitor to BTCC, offering a wide range of cryptocurrency trading services and a large user base.

Financial Information

BTCC, a company with a rich history, has a financial situation that's worth exploring.

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The company has a significant market capitalization, currently valued at around $2.5 billion.

BTCC's revenue comes primarily from the sale of digital assets, including Bitcoin and other cryptocurrencies.

In 2018, the company's revenue was $1.3 billion, with a net income of $230 million.

BTCC has a strong cash reserve, with over $1 billion in liquid assets.

The company's financial stability is a result of its conservative approach to spending and investing.

As of 2020, BTCC had a total of 2.5 million registered users worldwide.

Regulation and Reliability

Regulation of cryptocurrency exchanges in the UK is still an evolving conversation. The UK government is working on laws that will require all cryptocurrency exchanges to be regulated in the UK.

BTCC is currently an unregulated cryptocurrency exchange, like other UK-based exchanges. This could change in the future if the UK government pushes through its proposed regulations.

Several users have given BTCC a full confidence rating on its reliability, citing its state-of-the-art security features and cold wallet storage system.

Regulation

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Regulation is still a developing area in the UK, with laws that could bring about regulation for all cryptocurrency exchanges potentially being pushed through by the government.

The present state of cryptocurrency exchanges in the UK, including the BTCC exchange, is that they are unregulated.

Reliability

BTCC has been given a full confidence rating on its reliability by several users. This is likely due to its state-of-the-art security features.

The exchange prides itself on being the longest running Bitcoin exchange in the world. This longevity is a testament to its reliability.

Its cold wallet storage system is a significant factor in maintaining its reliability. This system helps to protect user funds from potential hacking attempts.

Trading and Services

BTCC offers its services using several platforms, including a browser-based exchange platform and mobile apps for Android and iOS devices. The browser-based platform is available for users who want to purchase cryptos as tokens.

The basic version of the web interface has several features, including an interactive chart with six different types, such as line, bar, and candlesticks, which are great for technical analysis. The Order Book is listed on the right-hand side of the interface.

The advanced version of the platform is for core trading activities and is designed for more experienced traders only. BTCC also features mobile apps that retain the functionality of the web-based platform and have some modifications to make them easy to use.

Fee Structure

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The fee structure on the BTCC platform is straightforward, with clear charges for deposits, withdrawals, and trading. You'll pay transaction fees for deposits and withdrawals, trading fees, and fees for using the mining pools.

Here's a breakdown of the fees you can expect:

Deposits are free for Bitcoin, with a minimum of 0.0001 BTC. Online bank deposits have a minimum of 500 USD and a maximum of 100,000 USD per day, with a fee of 0.10% (minimum 10 USD). Credit card deposits have a minimum of 50 USD, a maximum of 5,000 USD per day, and up to 20,000 USD per month, with fees ranging from 5 USD to 5% depending on the amount.

Withdrawals have a minimum of 0.0015 BTC and a maximum of 500 BTC per day for Bitcoin. Online bank withdrawals have a minimum of 100 USD and a maximum of 100,000 USD per day, with a fee of 0.30% (minimum 30 USD).

Trading fees are 0.1% for maker orders and 0.1% for taker orders, with a minimum of 0.001 BTC and a maximum of 500 BTC per day.

Deposits and Withdrawals

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On BTCC, traders can fund and withdraw from their accounts using various methods.

One of the options is wire transfers, which allow for direct deposits and withdrawals in US Dollars.

Credit and debit cards are also accepted, providing an additional way to manage your account funds.

Crypto Capital is another option for depositing and withdrawing US Dollars.

You can use the following methods to deposit or withdraw US Dollars on BTCC:

  • Wire transfers
  • Credit/debit cards
  • Crypto Capital

Trading Platforms

BTCC offers its services using several platforms, including a browser-based exchange platform for fiat-crypto exchange services.

The browser-based exchange platform is accessible online and requires traders to open an account and use the online interface.

This platform has a basic version used for purchasing cryptos as tokens, which features an interactive chart with six chart types, including line, bar, candlesticks, area, Heiken Ashi, and hollow candles.

The Order Book is listed on the right-hand side of the interface, and the Order box is presented at the center of the page for entering orders.

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At the bottom of the page, you'll find the order history of the account.

The platform also features an advanced version for core trading activities, suitable for experienced traders only.

BTCC offers mobile apps for Android and iOS devices, which can be downloaded from the respective app stores.

These apps retain the functionality of the web-based platform and present some modifications for easier use.

To ensure you get the original versions, it's recommended to scan or use the QR code on the BTCC website to download the apps.

Company Details

BTCC is a UK-based company that operates the British Touring Car Championship, a popular motorsport series.

The company is headquartered in Oxfordshire, England, and has a strong presence in the UK motorsport scene.

BTCC has a long history, dating back to 1958, and has been a key player in British motorsport ever since.

Who Is the Co-Founder and CEO?

Bobby Lee is the Co-founder and CEO of BTCC.

Bobby Lee has played a significant role in the company's development.

As the Co-founder and CEO, Bobby Lee has been instrumental in shaping the company's vision and direction.

Where Is Based?

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BTCC is based in Grand Cayman, George Town.

What Is the NAICS Code?

The NAICS code is a six-digit number used to identify a business's industry and classification. It's like a unique identifier for your company.

For BTCC, the NAICS codes are 61, 611, and 52.

What Is the SIC Code?

The SIC code is a crucial piece of information for any business, and it's essential to understand what it represents. The SIC code is a classification system used to identify the type of business or industry a company operates in.

In the case of BTCC, the SIC codes are [615, 61, 822, 82, 6153]. These codes provide a clear indication of the company's primary and secondary activities.

Understanding the SIC code can be beneficial for various purposes, including market research and business planning.

Employees and History

BTCC was founded in June 2011 by a two-person team.

The company's name has since changed from 'BTC China' to 'BTC & Crypto'.

Spacious and contemporary office space featuring minimalist design and ample natural light.
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Bobby C. Lee, a Stanford computer science graduate, joined the company in early 2013 and played a key role in its rapid expansion.

He previously worked for Yahoo! in the United States and as vice president of technology for Walmart China.

Lee's brother, Charlie, founded the cryptocurrency Litecoin.

The company raised $5 million in Series A funding from investors in November 2013.

Top Employees

Meet the unsung heroes of history - the top employees who made a lasting impact on the world.

Thomas Edison, a prolific inventor, held over 1,093 patents in his name, revolutionizing industries with his groundbreaking work.

The Wright brothers, Orville and Wilbur, were skilled bicycle mechanics who applied their knowledge to create the world's first successful airplane.

Abraham Lincoln, the 16th President of the United States, was a skilled lawyer and politician who rose to the top of his profession through hard work and determination.

The ancient Egyptians were known for their impressive architectural achievements, with thousands of skilled workers laboring to build monumental structures like the Great Pyramid of Giza.

Many of these top employees started at the bottom, working their way up through hard work and dedication, a lesson that still applies today.

History

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BTCC was founded in June 2011, initially standing for 'BTC China', but later changed to 'BTC & Crypto'.

The company's rapid expansion and market share growth can be attributed to the efforts of its CEO, Bobby C. Lee, who joined the company in early 2013.

Bobby C. Lee, a Stanford computer science graduate, previously worked for Yahoo! in the United States and as vice president of technology for Walmart China.

In November 2013, BTCC raised $5 million in Series A funding from investors Lightspeed China Partners and Lightspeed Venture Partners.

BTCC temporarily suspended acceptance of Chinese Yuan deposits in December 2013 due to government regulations.

The exchange resumed accepting yuan deposits in January 2014, after further studying the regulations and rules.

BTCC ceased all trading in September 2017 due to Chinese authorities banning initial coin offerings.

In 2018, BTCC was acquired by a Hong Kong-based blockchain investment fund and reorganized its operations.

BTCC established multilingual regional businesses in Taiwan, Japan, and South Korea in 2018, releasing localized language revisions at the same time.

Pros and Cons

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BTCC has a number of features that make it an attractive option for traders. 2-factor authentication is available as an optional security measure, which can give users an added layer of protection.

One of the standout features of BTCC is its unlimited crypto deposits without KYC, making it easy to get started. Mobile apps are also available for use on Android and iOS, allowing traders to stay on top of their accounts from anywhere.

Fiat currency deposits and withdrawals are available, providing users with a range of payment options. Different order types are also available, enabling traders to get the best trading scenarios.

Here are some of the key pros of using BTCC:

  • 2-factor authentication is available as an optional security measure.
  • Unlimited crypto deposits without KYC.
  • Mobile apps available for use on Android and iOS.
  • Fiat currency deposits and withdrawals are available.
  • Different order types to enable traders to get the best trading scenarios.
  • Mining pool also available, which allows traders mine their own coins for a rental fee.

Angel Bruen

Copy Editor

Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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