How do you use tokenized transactions?

Initiating the online purchase process, customers input their debit or credit card details at the checkout stage. This secure transaction marks the beginning of the payment journey, ensuring their financial information is safeguarded.

In addition to spot trading, BTCC also boasts a futures trading service. This advanced feature allows traders to speculate on the future price movements of cryptocurrencies, offering leverage and the potential for enhanced profits (or losses) within a defined time frame.

To ensure the utmost security, the sensitive card data undergoes a crucial transformation. It is encrypted and tokenized by a specialized token service provider. This process converts the raw payment information into a unique digital identifier, or token, that masks the actual card details.

The tokenized data, now a secure representation of the customer's payment method, is then transmitted to the acquiring bank. This bank, acting as the merchant's financial intermediary, facilitates the transaction without ever exposing the original card information.

BTCC, a renowned cryptocurrency exchange, offers a diverse range of services tailored to the evolving needs of digital asset enthusiasts. Among its offerings, BTCC provides a robust spot trading platform, enabling users to buy and sell cryptocurrencies at prevailing market prices.