BC Bitcoin is a bespoke cryptocurrency brokerage platform registered in the UK. It provides buying, selling, holding and exchange services for all of the most popular cryptocurrencies. Customers can buy and sell using British pounds or Euros and can use bank transfers, credit or debit cards or another cryptocurrency to make purchases on the platform.
The company was founded in 2017 by traders with over 30 years combined trading experience. Company Director Jamie Green spent 18 years as a financial markets trader in the City of London, while Co-director Mark Lemon has a background in E-commerce, the gaming industry and trading financial markets.
The user friendly website, various types of support offered and the large array of different cryptocurrencies available mean that BC Bitcoin is suitable for anyone seeking an execution only broker.
Standout BC Bitcoin features
Wide range of alt coin trading – customers can trade up to 1,000 different coins – they can call the broker if there is a particular coin they would like to buy or sell.
OTC desk – high net worth clients can use the over-the-counter desk to access various liquidity pools for trading large volumes.
Coin Storage – this crypto asset custody service holds coins for clients, keeping them secure with multiple approval safeguards.
Coin Swap – customers can use this service to exchange any listed cryptocurrency for another, either from an external wallet or from within their holdings.
Recurring Payments service – clients can set up a standing order or direct debit to schedule regular future purchases of a cryptocurrency.
Wallet guides – this section of the website contains information on many of the most popular wallets along with step by step instructions on how to set them up.
Referral programme – referees can earn 0.5% commission on every trade the person they referred makes, paid out in a cryptocurrency of their choice.
BC Bitcoin: Pros and cons
Pros
- Wide range of 110 coins supported, with more available on request
- Detailed guides about all the major cryptocurrencies
- Easy to use website
- Competitive rates compared with similar companies in the industry
- Over 300 five star reviews on Trustpilot
- Customer support available seven days a week
Cons
- Minimum order of £100
- Broker is not operational outside of business hours (8am to 8pm UK time)
- Lack of technical features like trailing stops
How to sign up to BC Bitcoin
- Click register in the top right corner of the website and enter your email address and password.
- Complete your profile information by filling in your name, date of birth and contact details.
- Upload a picture of a valid photo ID, a recent bill or statement that proves your address and a photo of yourself holding a note saying: “I have read and agree to the BC Bitcoin KYC Contract.”
You are now ready to start buying and selling on BC Bitcoin!
User interface for BC Bitcoin
The website is easy to navigate thanks to an easy-to-follow interface:
Select ‘Buy coins’ or ‘Sell coins’ at the top of the page to get started. To buy, you simply choose your coin, payment method, and currency, then enter your wallet address and the amount you want to spend. The fees are transparent and will be displayed to you before you complete the transaction. If you have any questions during the process, there is a chat box in the bottom right corner where you can get support.
The Coin Swap service is likewise straightforward – just enter the coin and amount you want to swap and choose which cryptocurrency you would like to receive. In fact the whole website is user friendly, presenting helpful information in a clear layout without a distracting array of confusing technical tools. Although there is not a dedicated mobile app for the site, BC Bitcoin can be accessed by any device connected to the internet.
Experienced crypto traders may be disappointed by the lack of charts and advanced features such as trailing stops, however those who are just getting into crypto will appreciate the detailed guides for each coin and wallet.
Community engagement
The brokerage has an active Twitter account with more than 2,000 followers. They post on an almost daily basis with the latest cryptocurrency news, trading insights and information about giveaways.
Although the company does not have a Discord channel, it does have Facebook and Telegram accounts, as well as recent five star reviews on Trustpilot.
BC Bitcoin ensures their user base remains satisfied by offering support via email, phone, WhatsApp, Telegram, Skype and live chat. The customer service team is available 8am to 11pm seven days a week.
BC Bitcoin: In summary
BC Bitcoin offers a wide range of coins compared with many other brokers – over 100 different cryptocurrencies are supported with up to 1,000 available on request. Other features that set it apart from the competition are Coin Escrow, Coin Trading and the option to set up recurring future purchases of a cryptocurrency.
BC Bitcoin is a secure and trusted platform. The company is compliant with KYC guidelines and recently received its temporary FCA registration. The Coin Storage service also offers customers peace of mind by employing biometric security and a multi-signature release mechanism to keep their coins safe.
The lack of technical trading tools and the non-24/7 business hours may make BC Bitcoin unsuitable for day traders but those with more medium to long term trading strategies will find many positives. While the easy to follow website, excellent customer support and coin and wallet guides make BC Bitcoin accessible for the inexperienced crypto trader, the broker’s OTC desk, liquidity pool access and uncapped cryptocurrency buying power also make it an attractive option for institutional firms and high net worth individuals.
The post What is BC Bitcoin 2021? The UK-based Bitcoin exchange appeared first on Coin Journal.
