Transferring Crypto from Cointree to BTCC

BTCC users who switch from Cointree must follow this guide to ensure the successful transfer of their assets.

The Reasons Why You Should Transfer Crypto From Cointree To BTCC

The following presents two reasons why trading crypto on BTCC has pros over Cointree. For more information about its features, read our BTCC review.

Advanced trading features

The trading experience on BTCC is efficient, uncomplicated, and more advanced than what Cointree provides. Additionally, TradingView has been incorporated into the platform, granting users access to a wide range of drawing and analysis tools and technical indicators. Traders also have the option of utilizing multi-screen charting and various order types. Besides the platform's robust charting system, BTCC provides users with data such as an asset's 24-hour price change, 24-hour low/high, and daily volume.

A demo mode  

Cointree does not provide a demo account for its customers to practice and test strategies. While customers can use the $100,000 of virtual funds to use BTCC’s demo mode, they must transfer their crypto to start real trading. A demo mode is incredibly useful for people new to the BTCC platform or experienced traders who want to test market strategies in a risk-free environment. 

The Steps To Transfer Crypto From Cointree to BTCC 

1. Create a BTCC account and complete KYC  

To open an account with BTCC, new customers will need a unique, valid email address and a strong password.

All new customers must undergo ID verification before depositing digital or fiat currencies. This is necessary for BTCC to comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.

Fortunately, the process is simple. Users can use a mobile device to take a photo of their passport or driver's license and upload it. BTCC will verify the ID within minutes. If users anticipate depositing more than $2,000, facial recognition must be completed.

The BTCC KYC process.

2. Obtain the BTCC wallet address

To start the transfer process, users must copy the BTCC wallet address where the crypto will be sent. Then, click “Deposit” and choose cryptocurrency as the asset to deposit into the BTCC wallet.

Once the cryptocurrency and blockchain network for the transfer has been selected, BTCC will present the wallet address needed for the transaction, which will need to be input into Cointree. 

It's important to know that the wallet address is generated specifically based on the chosen cryptocurrency and blockchain network. So, if the user chooses an incompatible network that doesn’t align for either exchange, the cryptocurrency will be lost and not recoverable.

Copy the BTCC wallet address.

3. Withdraw crypto from Cointree

In Cointree, navigate to “Wllets” and click “Send Coin”. 

Select the cryptocurrency to withdraw, the blockchain network on which to send it, and the amount. The BTCC wallet address copied in step two is pasted into the “Address” box. 

Within this, click “Send” to initiate the crypto transfer. 

4. Confirm the withdrawal

After clicking “Send”, Cointree will present a transaction summary. Clicking “Confirm” will initiate the crypto transfer to BTCC, showing it as a new deposit. 

BTCC Pros

• Value for money trading fees – BTCC boasts very good trading fees for its futures market. Maker and taker order start at 0.025% and 0.045%, respectively.
• TradingView charting – As BTCC has integrated TradingView into its charting system, users can access ample tools for performing detailed analyses and research. The charting interface as a whole is modern, responsive and crisp.
• Copy trading – BTCC's copy trading system allows traders to mimic the strategic moves made by experienced users to earn additional income. 

How Long It Takes To Transfer From Cointree to BTCC

The time it takes for crypto transfers to show up in your BTCC account depends on several factors. Most proof-of-stake (PoS) transactions can be confirmed within a few minutes. But for Bitcoin, which uses older technology, it can take longer, sometimes 10 minutes to a few hours, depending on how busy the network is.

Transferring assets between Cointree and BTCC can also take longer when the network is busy. This happens when a lot of people are making transactions. During busy trading times, it might take a while for a crypto deposit to show up in a BTCC account.