BTCC vs. PrimeXBT
By:W, LeahDespite the volatility nature of crypto assets, there are growing number of crypto enthusiasts around the world due to its potential for high reward. The most simplest and convenient way to get exposure to crypto trading is open an account on a reliable exchange. However, due to the proliferation of crypto trading platforms, it becomes a daunting task to select a trusted and safe exchange, especially for novice traders.
This comparison will explore and analyze all the most important metrics of BTCC and PrimeXBT, two popular exchanges in the world, thus helping you to have a better knowledge of the two exchanges and making the right choice.
＼Deposit and Receive Up to 10,055 USDT!／
About BTCC
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| Name | BTCC |
| Launched | 06/2011 |
| Website | https://www.btcc.com/ |
| Blog | https://www.btcc.com/blog/ |
| https://twitter.com/BTCCexchange | |
| Maker Fees | 0.045 |
| Taker Fees | 0.045 |
| Perpetual Trading volume(24h) | $ 22.6B |
| Perpetual Trading Pairs | 348 |
| Spot Trading volume(24h) | $ 15.7B |
| Spot Trading Pairs | 122 |
| Fiat Supported | |
| Update Time | 2024-12-21 07:28:01 |
In the volatile industry of cryptocurrency, security is of utmost importance. BTCC, as the longest-running exchange in the world, never disappoints its users in terms of safety with no reported hacks or security breaches to date. In addition to impressive security, BTCC also draws attention of large number of crypto enthusiasts with its other standout features, like low trading fees, exclusive VIP discounts, fast processing withdrawals, innovative NFT minting feature, etc.
Overall, as one of the longest-running exchanges in the world, BBTCC supports crypto copy trading, spot trading, as well as futures trading for 300+ cryptocurrencies with a leverage of up to 500Χ. As a outstanding crypto trading platform, BTCC is always among top choices for both beginners and seasoned traders.
| Download App for Android | Download App for iOS |
About PrimeXBT
 |
|
| Name | PrimeXBT |
| Launched | 01/2018 |
| Website | https://primexbt.com/ |
| Blog | https://primexbt.com/for-traders/ |
| https://twitter.com/primexbt | |
| Maker Fees | 0.01 |
| Taker Fees | 0.02 |
| Perpetual Trading volume(24h) | $ 391.1M |
| Perpetual Trading Pairs | 35 |
| Spot Trading volume(24h) | $ 0 |
| Spot Trading Pairs | 0 |
| Fiat Supported | |
| Update Time | 2024-12-21 13:45:01 |
Established in 2018, PrimeXBT has emerged as a versatile online exchange platform, catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. Since its inception, PrimeXBT has extended its business presence to over 150 countries, highlighting its global reach.
With a goal o f being among the best online trading platforms in the cryptocurrency industry and retaining reputation as a most reliable and trusted partner, PrimeXBT has always followed a client-oriented approach and placed clients’ interests at the center of all operations. With a blend of contemporary crypto trading and traditional financial instruments, PrimeXBT positions itself as a multifaceted platform for both novice and experienced traders.
＼Deposit and Receive Up to 10,055 USDT!／
BTCC vs. PrimeXBT: Overview
| BTCC | PrimeXBT | |
| Supported Cryptocurrencies | 300+ | 40+ |
| Safety | Industry-leading security, with no reported hacks or security breaches to date | High security with measures like 2FA, encrypted SSL and Cloudflare |
| Fees | Compared with other major crypto exchanges, the fees charged by BTCC is relative low, such as only charging 0.06% for both takers and makers | PrimeXBT is quite transparent with its fees; on PrimeXBT, both the maker and taker fee is 0.05% for all crypto markets that it offers. Meanwhile, for crypto futures, the maker fee is 0.01%, while the taker fee is 0.02% |
| User Friendliness | Offer easy-to-navigate interface, catering to both newcomers and experienced traders | PrimeXBT boasts a modern and intuitive interface that is easier to navigate than most platforms; besides, it offers demo trading account and educational resources for beginners. But this platform may be overly easy for advanced traders |
| Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Offer service to more than 1 million registered users in 152 countries |
| Customer Service | Offer excellent customer service via email and live chat | Provide 7/24 customer support, but do does not have a dedicated phone line which users can dial in the case of an emergency |
| Download App for Android | Download App for iOS |
Final Verdict
As a relatively new exchange, PrimeXBT boasts many unique advantages. However, it is worth noting that there are still a few things that require improvement. Compared with the longest-serving exchange BTCC, PrimeXBT still has a long way to go in terms of selection of supported coins, regulation and licensing, advanced trading features, as well as customer support.
In conclusion, despite the promising outlook of PrimeXBT exchange, we still regard BTCC as the great winner at present due to its excellent performance in all the important metrics.
Why BTCC?
As one of the longest-running exchange in the world, BTCC is committed to making crypto trading reliable and accessible to everyone. With a mission of providing a trading platform that is fair and reliable in every sense, BTCC strives to uplift the industry’s standard for quality trading. At present, BTCC offers service in more than 100 countries and regions with more than 6 million registered users. The following sets forth the major advantages that BTCC owns.
Industry-leading security
BTCC attaches great importance on security. Since founded in 2011, BTCC has never been hacked or been a victim of any other kind of successful malicious attack, which fully illustrates its security capabilities. Through measures like segregation of assets, 1:1 storage of users’ assets, money laundering prevention and identity authentication and no collateralising tokens for loans, BTCC enjoys good reputation in asset security.
High liquidity & volume
BTCC is ranked top 10 by trading volume on both CoinMarketCap and CoinGecko, the world’s two largest crypto information platforms. BTCC prides itself on providing crypto futures trading services to users worldwide with market-leading liquidity, offering perpetual futures on over 100 cryptocurrencies, including BTC, ETH, DOGE, LTC, SOL, XRP, SHIB, etc.
Extremely low fees
Charging high fees means less return for investors. Compared with other major exchanges, BTCC only charges 0.06% for both takers and makers, which are far below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.
High and rich rewards
BTCC holds all kinds of campaigns where investors can participate to win exciting rewards. For example, new users can get rewards up to 10,055 USDT coupon through completing relevant missions, like registration, identity verification, first deposits, cumulative futures trading volume, etc. Besides, becoming VIP also can enjoy rewards like VIP-exclusive perks, including discounts on trading fees, access to exclusive campaigns, BTCC merch, priority customer support, fast withdrawal, and many more.
Large and flexible funding options
In addition to the major digital currencies like BTC, ETH, BCH, LINK, LTC, ADA, DOT, EOS, XRP, and UNI, investors can also trade DASH, DOGE, SHIB, FIL, XLM, XMR, GRT, RNDR, EGLD, and KLAY on BTCC. BTCC offers flexible leverage up to 500x across daily and perpetual contract types, supporting a wide range of popular trading pairs such as BTC/USDT, ETH/USDT, ADA/USDT.
| Download App for Android | Download App for iOS |
How to Trade Crypto Futures on BTCC?
BTCC supports trading for USDT- M Perpetual Futures contracts with a leverage of up to 500×, you can trade over 300 cryptocurrencies on BTCC at the most competitive price and highest security.
The following sets forth the step-by-step guidance for crypto futures trading (take Bitcoin as an example) on cryptocurrency exchange BTCC:
Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.
Step Two: go back to the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).
Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find BTC/USD trading pair.
You can also directly click the button below to enter the BTC order page.
Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and BTC futures contract order is completed.
＼Deposit and Receive Up to 10,055 USDT!／
BTCC Exchange FAQs
Is BTCC Legit?
Of course, with a long operation history of 13 years, BTCC boasts an impressive user base and a stellar track record. BTCC puts a strong emphasis on conducting business in various countries and regions under the premise of lawfulness and compliance. Currently, BTCC has obtained regulatory licences in a variety of countries.
Is BTCC Safe?
Since its foundation in 2011, BTCC has proven to be a safe crypto exchange as it has recorded no report of fraudulent activities involving the platform’s backend or users’ accounts. BTCC crypto trading platform lays great emphasis on security, which can be evidenced by implementing compulsory know-your-customer (KYC) and anti-money laundering (AML) policies. Besides, BTCC also provides added security measures like two-factor authentication (2FA) for actions like withdrawals.
Does BTCC Require KYC?
Yes, to strength security and meets regulatory requirements, BTCC users must complete the Know Your Customer (KYC) procedure before using BTCC products. During this procedure, users are required to submit valid identification documents and a facial recognition scan.
Can Canadian Investors Trade Cryptos on BTCC?
Of course, BTCC is legit in Canada as it has already received a crypto licence issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Canadian traders can log in BTCC to trade cryptos with highest security level and most competitive fee.
Does BTCC Have a Mobile App?
Yes, BTCC offers a mobile application compatible with both iOS and Android devices. Users can download the app from the exchange’s homepage. Both the mobile app and web version share the same features and functionalities, making them highly similar in user experience.
＼Deposit and Receive Up to 10,055 USDT!／
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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