BTCC to ‘Relaunch’ Cryptocurrency Exchange This Summer

The BTCC Bitcoin exchange, formerly known as BTC China, is soon launching a ‘new upgraded exchange’ that will allow for the exchange of ‎Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term at an international level.‎ The official statement revealed that the company’s plans to start its cryptocurrency exchange would come true this summer.‎

Plans for launching the BTCC’s cryptocurrency exchange has been on ‎the radar since the company behind the longest-running bitcoin exchange was acquired by a Hong Kong-based blockchain investment fund.

The new cryptocurrency exchange, which is expected to go live ‎anytime in June 2018, will initially support four major cryptocurrencies including Bitcoin, Litecoin, Ethereum and ‎Bitcoin Cash.‎

BTCC also pointed out that the platform will have no trading fees for nearly three months.‎ There will be no registration fees, like the most famous cryptocurrency ‎exchanges, and its fees after the first three months will be “low and competitive.”‎

As with any cryptocurrency exchange, the security of the ‎platform and funds is of utmost importance. For security, BTCC has ‎established an SSL (Secured Sockets Layer) that will protect ‎the privacy and security of each account. Also, the company has stated that Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term ‎wallets will be used to keep funds unavailable to potential ‎risks.‎

BTCC, founded in China in 2011, was the world’s oldest bitcoin exchange until it closed in September 2017 under pressure from the Chinese regulators. It was traditionally known as one of China’s ‘big 3’ bitcoin exchanges, the other two being Huobi and OKCoin. However, BTCC has changed business focus to its international pool, wallet and exchange markets.

The exchange’s announcement further reads: “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.”