BTCChina speeds up its shutdown

BTCChina speeds up its shutdown and adjusts the withdrawal transaction fee
27 October 2017   548

The largest Bitcoin trading platform in China, BTCChina, updates an announcement that it will shut down the exchange business and stop providing withdrawal services on October, 30. In order to speed up the shutdown, BTCChina is to adjust the withdrawal transaction fee.

After the deadline, the platform is very likely to stop the service of online withdrawals. With the final date coming, the largest Bitcoin trading platform is to say goodbye to its users and the market.

Thus, until October 25, the platform will remain with the previous withdrawal transaction fee standards:

  • Withdrawal transaction fee for BTC: 0.0015 BTC;
  • Withdrawal transaction fee for LTC: 0.001 LTC;
  • Withdrawal transaction fee for ETH: 0.01 ETH;
  • Withdrawal transaction fee for BCC: 0.0005 BCC.

Starting on October 25, new withdrawal transaction fee standards will be activated:

  • Withdrawal transaction fee for BTC: 0.0045 BTC;
  • Withdrawal transaction fee for LTC: 0.003 LTC;
  • Withdrawal transaction fee for ETH: 0.03 ETH;
  • Withdrawal transaction fee for BCC: 0.0015 BCC.

Whether it will be indeed the final goodbye for BTCChina, remains to be seen.

Updated BTCC Launched

Ex-largest Chinese cryptocurrency exchanges comes back with a lot of new interesting features
02 July 2018   249

The oldest BTCC exchange, which for some time was one of the largest in China, announced the restart of its rading platform, as well as plans for the release of its own tokens. This is reported on the company's website.

According to the company representatives, the exchange has already started its work. Trading pairs with Ethereum, Litecoin and Bitcoin Cash can be traded against both bitcoin and the US dollar.

Also, on the updated exchange, a reward system is implemented. Points will be granted for registration, the subsequent verification of the account, the deposit of funds and trading activity. The accumulated points can then be converted into BTCC's tokens, which will also be used on the trading platform.

The exact timeframe for the release of the new token is still unknown. However, representatives of the company said that their release will be implemented within the "next few months". Also, BTCC has not yet decided on the volume of the offer and the proportion, according to which points will be converted into tokens.

First three months there's gonna be a zero fee. Representatives of BTCC also said that in the future it is planned to add other crypto-currency assets, as well as ERC-20 tokens.

The company announced plans to restart the BTCC platform at the end of May. At the same time, it became known about a multi-level and multi-cluster system with an optimized high-speed engine, as well as crypto-currency services offered by traders.

The BTCChina exchange was closed in September 2017 after repressive measures by the Chinese authorities. BTCC, however, continued its activities, focusing on the mining pool and Mobi cryptocurrency wallet.