How to make deposits and withdrawals in crypto

Crypto Deposits & Withdrawals

<h2 id="h_01JV4F0G9AMT8AMG0P7Z3MF28T">How Merkle Tree-Based Proof of Reserves Works</h2>
 
BTCC's PoR employs a reliable Merkle Tree verification mechanism, which is transparent, uses hierarchical hash verification, and is tamper-resistant. This mechanism is widely used in blockchain and has gained high recognition in the crypto market.
 
User asset data is encrypted and recorded in the leaf nodes of the Merkle Tree. Subsequently, all leaf node information is computed and hashed layer by layer to generate the root node, forming the Merkle Tree. The root node records the platform's total assets.
<img src="https://btccexchange.zendesk.com/hc/article_attachments/46861569870617" width="670" height="373">
Through this structure, BTCC can convert large and complex data into smaller, easily verifiable data sets, enabling fast, efficient, and reliable asset audits.
 
Based on this, users can not only verify their account balances but also confirm BTCC's overall reserve status, thereby enhancing asset transparency and effectively protecting each user's funds.
 
<h2 id="h_01JV4F0G9AK3H7BYGTSGMPDRZ8">Verification Steps</h2>
<ol>
<li>Log in to your BTCC account and click on the "<a href="https://www.btcc.com/en-US/proof-of-reserves">Proof of Reserves</a>" link at the bottom of the homepage.</li>
</ol>
<img src="https://btccexchange.zendesk.com/hc/article_attachments/46861585158681" width="737" height="162">
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<li>Open "View My Report." BTCC periodically releases PoR reports based on asset snapshots.</li>
</ol>
<img src="https://btccexchange.zendesk.com/hc/article_attachments/46861569872665" width="737" height="218">
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<li>Click on "Details" in the report and copy the Merkle Tree leaf hash ID.</li>
</ol>
<img src="https://btccexchange.zendesk.com/hc/article_attachments/46861569875481" width="739" height="176">
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<li>Go to the Proof of Reserves page, paste the Merkle Tree leaf hash ID into the input box to verify. A successful verification indicates that your assets are secure.</li>
</ol>
<img src="https://btccexchange.zendesk.com/hc/article_attachments/46861569875865" width="723" height="372">
Here, users can view their personal account assets recorded in BTCC's Merkle Tree and the platform's reserve ratio.

Introduction to the Proof of Reserves Feature

How to Withdraw Cryptocurrency

<h2>1. Who will be charged and the fee amount</h2>
 
The following two types of users who only use the 'Buy Crypto' service to purchase USDT and withdraw the crypto purchased immediately without trading futures on the BTCC platform will be charged an additional withdrawal fee.
 
Type 1: Users who traded futures after buying crypto on BTCC, but the margins of their positions are less than 30% of their crypto purchase amount.
 
If a user purchased 100 USDT using the 'Buy Crypto' function, but the margins of their positions are less than 30% of their crypto purchase amount (i.e. 30 USDT) at the time of making a withdrawal, an additional 6% withdrawal fee (i.e. 6 USDT) will be charged.
 
Type 2: Users who did not trade futures after buying crypto on BTCC, or who also converted their purchased USDT into other cryptocurrencies
 
If a user purchased 100 USDT using the 'Buy Crypto' function and has not traded any crypto futures at the time of making a withdrawal, an additional 6% withdrawal fee (i.e. 6 USDT) will be charged.
If a user has not traded any crypto futures after buying crypto and has converted the purchased USDT into BTC or other cryptocurrencies at the time of making a withdrawal, an additional 6% withdrawal fee in the converted cryptocurrency will be charged.
 
Just a friendly reminder that users can also find the above-mentioned additional withdrawal fee rules on the 'Buy Crypto' page.
<img src="https://btccexchange.zendesk.com/hc/article_attachments/14716434991897" alt="Additional_withdrawal_fee.png" width="324" height="612">
 
<h2>2. Users who will not be charged additional withdrawal fees</h2>
Please note that the following users will not be charged the additional withdrawal fee mentioned above.
 
→ Users who have traded crypto futures on the BTCC platform and have margins that are 30% or more of their crypto purchase amount.
→ Users who use the ‘Deposit’ function to fund their accounts.
 
<h2>3. Why is this additional withdrawal fee put in place?</h2>
 
As BTCC is a crypto futures exchange, if users only buy USDT and withdraw the assets without trading on our platform, they could easily be flagged as suspicious accounts by the system for behaviours that are violations of the BTCC platform, such as money laundering. For suspicious accounts, the rights to use the platform will be limited. For example, users may not be able to participate in campaigns to earn bonuses.
 
BTCC provides users with a wide range of benefits to help reduce their trading costs, such as giving away bonuses for registration, deposits, and trading. In order to ensure a fair trading environment for all users, BTCC will charge an additional withdrawal fee for users who have not traded crypto futures and users whose margins are less than 30% of their crypto purchase amount on the platform.
 
<h2>4. FAQs</h2>
Q1. What is the withdrawal fee on the BTCC platform?
The withdrawal fee varies depending on the cryptocurrency. For more details, please visit our <a href="https://www.btcc.com/en-US/fees" target="_self">fee rate page</a> (log-in is required).
 
Q2. How to deposit crypto using the ‘Deposit’ function on BTCC?
Users can fund their BTCC accounts by transferring cryptocurrencies from exchanges or personal wallets. For a step-to-step guide, please visit the article on <a href="https://www.btcc.com/en-US/support-center/detail/12318592945433?cid=12133520537241" target="_self">How to Deposit Crypto</a>.

Crypto Purchase Rules: Additional Withdrawal Fees