I VISITED A CRYPTO EXCHANGE

I VISITED A CRYPTO EXCHANGE

in less than 11 days time Mexi is going to introduce kyc now a lot of people ain’t going to be too happy about that but don’t worry especially if you’re from the US me and Mike have spent quite a bit of time I’d say the best part of three4 months trying to find an exchange that we believe is going to serve everyone in the Traders reality Community especially people in the US now I went to visit the exchange spent a bit of time with these guys and I asked them every question possible and I recorded it hey we actually left this room and we went to speak to this exchange now this exchange you I didn’t even know they existed but they’ve been in the game for over 13 years they are what we would call behind the scenes so I was like well I’ve never heard about you and I even say it in the interview I don’t know who you are during this interview we actually dive into what this company is all about the company I’m talking about is btcc I’ve never heard of them and I’m not sure if you guys have heard of them but when we actually go into the interview you’ll come to understand why we believe that this exchange is going to serve everyone especially in the Traders reality Community why well there’s a couple of things that these guys do that not other exchanges allow for example no kyc and I asked them what’s the scope with kyc and you’ll hear it from the horse’s mouth what they said more importantly you can trade tokenized stocks now that caught my attention more importantly they also have the indices and of course they have over 400 cryptocurrency coins that we can all trade on the interview doesn’t last too long but all the information that I believe you guys need is being delivered to you by a good gentleman called Eric mad love to you Eric for your time ladies and Gentlemen let’s get with the interview okay what’s good ladies and gentlemen we’re on our way right now to The btcc Exchange so the division that is in the UK I cannot stand driving in London what is this guy doing bro what no I’m going there thank you yeah whatever I have zero patience for these roads anyways so we’re going to go into the office and we’re going to meet the guys and I will let you guys know how it goes let’s get with the program Bitcoin huh what’s going on gang yes we’re in London town right now on our way to a me eating so we’re going to go and speak to an exchange and see what those guys are about and the reason being is because things are changing in cryptocurrency they are all getting switched kyc is coming into play with Mexi and we need to really start working out where can we trade so we going to see what these guys are about and I’ll keep you guys posted we’re going to meet the guys that run the show and we’ll have a conversation so once we get in we know exactly what we’re dealing with man this town is obviously can’t talk like that but anyways welcome ladies and gentlemen today we are here with btcc first time meeting an exchange so we’re here today with Eric who’s going to tell us everything about btcc and just bring us into the world of an exchange that’s 13 years old never heard of these guys but we’re here today welcome man well no I’m not welcoming you you’re welcoming me I’ve got that wrong so yeah what’s happening Eric how you doing community how are we guys Wicked um yeah so 13 years uh again you probably would have heard of us the exchange started it was actually one of the first crypto exchanges based in the world in China uh and stayed out there for a number of years and 2018 passed hands from the previous uh owner Bobby Lee to Charlie Lee um and in 2021 the decision was made to expand westwards into the Western markets and now we’re looking to you know grab market share in EU US Canada Latin America uh and all the places where you know majority of Traders are you know this is it so you know the story right now because this is big upheaval with kyc I was going to get straight to it with you of course what’s the story with kyc for people in the United States what can they do and what can’t they do with btcc so kyc is optional on our platform uh you go on there and sign up and trade regularly without kyc um and I think it’s been one of the biggest points for us actually in the west markets considering everybody is you know pushed with regulation Etc we thus far have nothing that’s going to change that policy uh we will continue with optional kyc and you’re free to trade as people have been for for 13 years with us that’s happy days to me where do I sign we’ll get you guys no so so the other things as well like we’ve got everyone you all these exchanges like your mexes your binance and what have you they’re all trying they’ve all got this facility to have trading view just to make life easier for people so what’s your stance with that do you have trading view access like what’s the story there how can people trade so it’s a story of two heart first we have trading view enabled on the bdcc platform so you’ll get all of the widgets and features that you get normally on trading views on our platform okay having our coins and their direct prices uh on the actual trading view app that will be coming uh in the next three to four months I would say just after summer um and don’t quote me on that but we will get there eventually and it should be there before the end of the year like I said post summer is is our deadline what’s our list of coins not list but how many coins can we actually can people trade and what asset classes like so for futures uh thus far we have roughly 500 plus different uh trading pairs all usdt okay um and one thing we do have that many don’t have is tokenized stocks we have uh the mega caps on there SPX US1 100 uh gold and silver is some of the Commodities on there we’ll be adding oil as well um so there’s a vast majority of Mega caps you can trade and I know Mega caps have been super volatile recently with ratings and interest rates Etc so those have been the the key primaries for us at the moment as well that is huge because a lot of the guys in the Traders reality Community we’re always looking into the Legacy markets because I’ve always said this that Bitcoin I mean tell me if I’m not I won’t say wrong but what’s your opinion on it does Bitcoin follow the stock market I would say probably follows it more now than it ever has um especially with the whole ETFs and and you know we have big players now you know Black Rock uh are messing around those guys move the price more than more than anything um so I think having access to be able to trade one stocks tokenized with usdt whereas you know traditionally you would have to go through a number of steps and you know applying to Brokers and whatnot whereas you can just you know deposit USD trade stocks uh and you can also trade your Bitcoin on the side so you can correlate trades which has been pretty big for some of our high volum Traders you said earlier um that you have various apps so where where so I can go onto a desktop I can type in btcc docomo with btcc like if you got a phone app what’s the story so we have two uh apps we have one is the bdcc exchange app uh very available in roughly 20 countries at the moment um and then we also have a wallet app where you know you can deposit and just keep your assets uh isolated Central to that so there’s two apps one again is the trading app you deposit money traditionally as you would with any other exchange um and that’s the go-to app and that thus far is probably available in around 20 to 25 countries uh which is growing uh as well so don’t be annoyed if if it’s not available in your country yet but in the big places uh EU US Canada we are available there so I’ve been in the trading space for about well crypto trading 2021 that’s when I started okay now I know the main Exchange is binance your buy bits and then of course you’ve seen FX Mexi and all these other exchanges have come about I’ve not heard of you guys yet you guys have been going for 13 years why so it’s an interesting so alongside all of those exchanges we’ve actually been pretty much in the background right so we’ve actually started initially in China um and we remain there for up until 2021 where the decision was then made to expand westwards um initially saying our biggest markets were China Hong Kong uh Taiwan Korea Japan Etc uh which are still some of our biggest markets uh but in since 2021 expanded westwards uh into EU US Canada Latin America Etc so it is targeting a new sphere that one the company’s never done before um and hopefully you know I think you know the users and and the culture I think will probably align quite nicely with with the btcc and the security and the history of our product you know yeah with the kyc that you guys have in place what limitations have I got to deposit to withdraw when I’m using btcc so deposit amounts you know KC or non kyc you can deposit any amount on there I would say without kyc uh non kyc we have a 10K daily withdrawal limit um and then post that you know is the level St one kyc level is 100k and then you know the 4 kyc is 1 million per day um and again that’s the for obvious you know money laundering issues you know we have to have these enticed so uh level one zero 10K level one 100K full 1 million so what’s the scope for B btcc what’s btcc done and what are they planning on doing going cuz you’re now going into the western part of the world what’s the plan what’s the next let’s say five years I know five years is a long time but what you guys been up to yeah so since we’ve been here we’ve uh sponsored numerous charity events uh sponsored local charity events and groups as well uh went to loads of crypto events and you know kind of it got our branding on our name out there Paris blockchain week a few other events in uh Germany and US Canada Etc uh so it’s just continuing that growth and you know like I said you know since we are based in the UK as well been helping the the Charities on the ground floor so that’s been great for us I think when I look five years ahead you know we have some very interesting talks inside about potential Sports Partnerships that I can’t actually go too far in come on man no no no so we’re closed environment stay tuned I mean I think there will be something we can share I think quite nicely and I I I’ll tell you guys later I’ll put it in a subtle way subscribe to Tito I’m sure he he’ll tell you um so there’s obviously very exciting things on the back ends that will be happening um but for us it’s maintaining you know the current course we’re on um you know I think Traders Bitcoin everything has been going on and following that that path you know hope you up to 100K and and Beyond with with all you guys as well you know yeah does the exchange have you how do you handle downtime coinbase just recently had an outage binance his torically has held withdrawal rules and what have you and everyone always goes to X and they start attacking these exchanges so what you know in in your experience how do you overcome that have you actually had that situation where you’ve had to stop users from withdrawing like what what’s happened so withdrawal issues we’ve never had a withdrawal issue of any amount of users at any point uh there was a point a few months ago when the market was heated where the some of our servers were down so that was just an upgrade issue um but for us it’s just been pretty smooth sailing I think one because like said we’re relatively unknown so we don’t have as many people on a platform as as most exchanges would but when it comes to security reasons I think that’s something you know we pride ourselves on so 13 years zero incidences people have always been withdrawn we have very little negative reviews about us in terms of that issue um so it’s something I want you guys to try out you know and let us know your feedback as well be honest with it you know there we’ll take it on the chin we we we do improve like as quickly as we can especially with our with our Western audiences you know I get I get messaged by many exchanges and the natural thing you do is where’s the email come from and when it says Gmail at the end of it this is an exchange that the guy must have created at the back of his car you know after you had an enlightened moment after a coffee you know so it’s it’s good that I can actually see you guys it’s quite mad this is the first time I’m doing this sort of thing I don’t leave my office you understand I’m in front of charts all day but yeah that’s I think as we go right I think you know we’re starting a partnership roughly with uh Tino now and the Trad as reality Community I think as this grows you know we can meet some of the community as well um like I said I think for us it’s just we’re trying to we’re trying to sort out a cruise so if you guys are cool with actually putting up the cost for that then we’ll get all the guys in the states to go to Florida and we’ll you know we’ll we’ll meet up and make a cruise Traders reality Cruise that’s something that we’re trying to range I think this is something we could talk about I think no promises yet we can definitely talk about think I’m joking this would be great I think this kind of thing where we’re more we’re more integrated with the community right it’s like actually speaking to the Traders getting their feedback one to one it’s a far cry from what happened in 2022 right I think it’s more allow about exchanges being more like face to face with people realize we’re not shadowy figures like we’re we’re just like you you know we Traders just as well right so we want our like assets to be as safe as you guys I think that’s important as well like it’s of course with what happened with FTX of course look it’s not always going to be smooth sailing I guess it’s how you guys respond to it you know I’ve experienced it myself so this is what the people want like you know if they’ve got the reliability then I think that’s a win-win for everyone cuz it’s crypto man it’s it’s a funny business yeah and that’s I’ve only been in crypto three four years now and I can’t go to a local Ombudsman and be like he took my crypto bro what do I do no I think exactly I completely agree with you it’s just about having some sympathy with the users right it’s like everybody wants to ensure that their assets are safe everybody wants to have like the best training experience so it’s just giving everybody that playground to play fairly right I think that’s that’s the number one number one thing we will want so I think that’s what we’re trying to offer to everyone from a trading perspective what can we expect so leverage wise um how many users are on how many people use btcc what’s your daily volume like would there be any issues with liquidity like downtime sorry can’t give you your coin kind of thing like what’s the story with BTC in that respect so users wise um I think historically we have roughly around 1 million plus uh users uh that use the exchange quite we this is obviously going to be growing massively going into the next as the bull market develops uh L wise we have some of the highest in the industry 225x leverage um and that is across some of the mega cap pairs um obviously you know you wouldn’t be able to trade on uh you know your 10 mil market cap coin that would make sense um in terms of volume we rank roughly top 10 in Daily volume anywhere between 12 to 15 billion at the moment in the current market conditions um okay that can dip if you know Bitcoin is and also like our Market depth uh is actually some of the deepest in the industry right I think if you wanted to end enter into a 100 Bitcoin position you could do that without crazing crazy uh causing crazy slippage um which is obviously for high volume Traders and people entering with high leverage uh super important right because you don’t want to be caught on slippage you don’t want to be caught on various different uh attributes there um and especially on the flip side of that when you’re renting meme coins I think our funding rates and our slippages there are also really tight so you won’t be getting charged three four times a day with some of of our leading competitors um I think we have a single one charge a day on that um so as long as you work around that you can completely miss that funding rate which is obvious quite nice that is important yeah um and that works really well all right I think I’ve we’ve covered a lot definitely you know there’s a lot of questions in there that you know for you to be able to answer to everyone to cater for everyone I think you’ve done that so thank you so much for that but I want to know what the story is with this before we close this I need this and I know a few of you guys might want it to so you need to tell me what this is all about so we have a btcc sponsored uh poker set right here and whiskey set as well so whiskey glasses with Mount Fuji locked in there in the bottom which is pretty cool is that Mount Fuji M Fuji wow that is nuts yeah I’m taking this yeah I’ll have this you got your vcz dice you have bottle openers uh branded with the uh the hearts um and I’m going to give this one to know lucky man but I guarantee there’ll be some people in the btcc community in the Traders reality community that will be taking some of these home what are these ice cubes so you put those in the fridge and you put those in your drink and they’re ready to go get that for the camera you got that and for our gamblers out there to have some some dice you know that is neat that is smart I like that but now we’re in London I’m walking around with this silver case and I’m asking for it I would be careful on the way home but listen Eric pleasure manam thank you so much thanks for having us and I’m sure we’ll see each other again definitely 100% yourself and the community I think 100% happy days mad love everyone [Music] [Applause] 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