Crypto Purchase Rules: Additional Withdrawal Fees
BTCC Support10 months ago
1. Who will be charged and the fee amount
The following two types of users who only use the 'Buy Crypto' service to purchase USDT and withdraw the crypto purchased immediately without trading futures on the BTCC platform will be charged an additional withdrawal fee.
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.
2. Users who will not be charged additional withdrawal fees
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.
3. Why is this additional withdrawal fee put in place?
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 users who have not traded crypto futures and users whose margins are less than 30% of their crypto purchase amount on the platform.
Q1. What is the withdrawal fee on the BTCC platform?
The withdrawal fee varies depending on the cryptocurrency. For more details, please visit our fee rate page (log-in is required).
Q2. How to deposit crypto using the ‘Deposit’ function on BTCC?
Users can fund their BTCC accounts by transferring cryptocurrencies from exchanges or personal wallets. For a step-to-step guide, please visit the article on How to Deposit Crypto.