BTCC vs. Bitbuy

Last updated:12/24/2024
Why Trust BTCC
BTCC, a seasoned player in the cryptocurrency sector, has established a solid foundation of credibility through its over a decade of platform operation and profound industry experience. The platform boasts an experienced team of professional analysts who leverage their keen market insights and profound understanding of blockchain technology to offer precise market analyses and investment strategies to users. Furthermore, BTCC adheres to rigorous editorial standards, ensuring that every report and analysis is fact-based, striving for objectivity and fairness, thus providing investors with authoritative insights they can rely on. In the rapidly evolving cryptocurrency market, BTCC stands out as an indispensable partner for numerous investors and enthusiasts due to its stability, professionalism, and forward-thinking approach.

With more institutional adoption and regulatory clarity, there are a variety of options for investors to choose for crypto exchanges based on their investment preference and demand. Whether you are a beginner or a advanced investor, obtaining huge and sustainable return is your top priority, thus choosing a suitable exchange for promising returns is crucial for all investors.

This article will compare the two major crypto exchanges from major metrics, including supported cryptocurrencies, fees, security, trading features, customer services, service scope and easy of use.

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About Bitbuy

Bitbuy

Bitbuy
Name Bitbuy
Launched 04/2019
Website https://bitbuy.ca/
Blog https://bitbuy.ca/en/resources
Twitter https://twitter.com/bitbuy
Maker Fees 0
Taker Fees 0
Perpetual Trading volume(24h) $ 0
Perpetual Trading Pairs 0
Spot Trading volume(24h) $ 0
Spot Trading Pairs 0
Fiat Supported CAD
Update Time 2024-12-31 07:46:01

With mission of providing fellow Canadians convenient, dependable, and secure access to Bitcoin and other cryptocurrencies, Bitbuy has grown to become the leading exchange in the Canadian market, offering services primarily to Canadian investors. Its regulated status, large asset size, and growing number of users and trading volume all prove its leading position in the cryptocurrency trading space.

To have a better knowledge about this exchange, the following chart sets forth the pros & cons of Bitbuy:

Bitbuy Pros Cons
  • Regulated by the Ontario Securities Commission (OSC)
  • Buy and sell crypto in Canadian dollars with support for instant e-transfers
  • High security
  • Offer user-friendly interface
  • Small selection of cryptocurrencies
  • Only available to Canadians
  • Bitbuy charges relative high fees when comparing with other major exchanges
  • Customer support still need improvement

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About BTCC

BTCC

BTCC
Name BTCC
Launched 06/2011
Website https://www.btcc.com/
Blog https://www.btcc.com/blog/
Twitter https://twitter.com/BTCCexchange
Maker Fees 0.045
Taker Fees 0.045
Perpetual Trading volume(24h) $ 22.5B
Perpetual Trading Pairs 352
Spot Trading volume(24h) $ 7.3B
Spot Trading Pairs 122
Fiat Supported
Update Time 2024-12-31 07:32:01

BTCC, one of the longest-running exchange in the world, may be a better choice for users looking for large selection of cryptocurrencies and low withdraw fee. BTCC may be the best crypto exchange overall as it boasts the following shining points:

  • Secure:safeguarding users’ assets with several measuresis the top priority of BTCC. In more than a decade-long history, BTCC reports zero hacks or security breaches to date.
  • High Liquidity & Volume:with BTCC’s market-leading liquidity, users can place orders of any amount—whether it’s as small as 0.01 BTC or as large as 50 BTC—instantly on BTCC
  • Innovative:trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
  • Flexible:select your desired leverage from 1x to 500x. Go long or short on your favourite products with the leverage you want.
  • Excellent Customer Service: BTCC enjoys a good reputation in terms of customer support, indicating the excellent service it provides.

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BTCC vs. Bitbuy

BTCC vs.Bitbuy
BTCC Bitbuy
Supported Cryptocurrencies 300+ on BTCC Only 25+ on Bitbuy
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 Compared with other major exchanges, Bitbuy charges relative high fees, for example, Bitbuy’s Instant Buy and Sell fees are as high as 0.5% while withdrawal fees are 1.5%
Security Industry-leading security, with no reported hacks or security breaches to date High security as it requires two-factor authentication for users
Features Provide a large number of service, including spot trading, futures trading, and mining pools Limited trading features, it doesn’t support staking, futures, or a wallet
Customer Service Offer excellent customer service via email and live chat Customer service in Bitbuy is not bad, but unfortunately, there is no live chat or phone support team, users can only contact through email
Service Scope Offer service in more than 100 countries and regions with more than 6 million registered users Only for Canadians
Ease of Use Intuitive interface, easy for both newcomers and experienced traders Offer user-friendly interface

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Conclusion

Bitbuy, a Canada-based leading exchange, is indeed a good choice for traders in Canada. However, there is no denying that some disadvantages do exist in Bitbuy, like limited cryptocurrency choice and trading features. That’s why we intend to introduce BTCC, the longest running exchange in the world.

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.

Except for the above-mentioned better points compared with Bitbuy, BTCC also stands out in other aspects, like high liquidity & volume, flexible leverage up to 500x, rich rewards, etc. We believe join BTCC would make your trading journey more delightful!

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.

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BTCC APP DOWNLOAD


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BTCC Exchange FAQs

Is BTCC Legit?

With a long operation history of 13 years, BTCC boasts an impressive user base and a stellar track record. As one of the oldest exchange around the world, 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.

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.

Is BTCC the Best Exchange Option for You?

If you put your trading priorities on leading cryptocurrencies like Bitcoin, probably BTCC is the best exchange choice for you. This trading platform has been focused on leading cryptos like Bitcoin since its inception in 2011. Besides, BTCC offers a very friendly platform for all categories of traders: both experienced and beginners.

How To Open a BTCC Account?

Opening an account on BTCC is quite easy.

Firstly, you need to click the “register” button on the right corner of BTCC homepage.

Then, you can create an account using an Email ID or Mobile Number.

 

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