BTCC bitcoin exchange or BTC China is gearing up to relaunch its “new upgraded exchange.” This exchange would facilitate in the international exchange mechanism of the cryptocurrencies. The official declaration highlights the vision of the company to begin a cryptocurrency exchange of its own. The company is all set to fulfil this desire this summer.
The weaving of the plan to launch crypto exchange of BTCC is on for a considerable span of time. It’s prevalent since bitcoin exchange with the longest duration was inherited by Hong Kong investment fund based on blockchain.
BTCC have mentioned that no trading fees will be charged by the platform for three months. Like the popular and prominent cryptocurrency exchanges, BTCC will not impose any registration fees. However, once the three months span gets over, the fee would be “low and competitive”.
For every cryptocurrency exchange, the foremost priority is given to the security of the funds and platform. BTCC builds a strong security assistance by setting up SSL or Secured Sockets Layer. SSL provides protection to the security and privacy aspects of an individual’s account. Besides, to store unavailable funds for addressing possible risks, the company declared to utilise cold storage bitcoin wallets.
According to sources, the declaration made by the exchange further states, “BTCC’s exchange is backed by seven years of operational experience and has been optimized to include offline cold storage and SSL encrypted traffic to protect your digital assets. We take security very seriously and are proud of the fact that we have never been compromised.”
In 2011, China witnessed the establishment of BTCC as a bitcoin exchange which became the oldest in the world. However, the exchange was shut down in September, last year due to pressure from the regulators of China. Among the “big 3” bitcoin exchanges present in China, BTCC happened to be one besides OKCoin and Huobi. Nevertheless, BTCC has amended the goal of the company to exchanges, wallet and international pool.
(Image source: Google)
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