My BTCC invite · Leverage trading
Sign up with my invite and BTCC adds 20% to your first deposit of 200 USDT or more. Try it in demo mode first, the way I am.
Join BTCC with My Invite Link20% first-deposit bonus · Leverage can liquidate your whole position
BTCC is a crypto exchange built around leverage trading: perpetual futures on Bitcoin, Ethereum and hundreds of altcoins and meme coins, plus tokenized stocks, commodities and forex, all settled in USDT. It calls itself the longest-running crypto exchange in the world. My invite link above opens BTCC's sign-up page with a new-user offer attached: an extra 20% on your first deposit of 200 USDT or more. This page is everything on that offer in one place: what you get, the exact conditions BTCC puts on the bonus, what leverage trading really is, who should stay away from it, and how to sign up with my link.
What You Get with My Invite Link
Here is what BTCC lists on the page my link opens:
- 20% bonus on your first deposit. Deposit 200 USDT or more the first time and BTCC adds an extra 20% as trading funds, up to a maximum bonus of 10,000 USDT per person. A 200 USDT deposit gets a 40 USDT bonus; 5,000 USDT gets 1,000 USDT; the cap is reached at a 50,000 USDT deposit.
- Up to $30,000 in sign-up bonuses. BTCC advertises up to $30,000 in new-user rewards in total. That is the ceiling across its whole welcome program, and the top tiers take very large deposits and trading volume, so treat the 20% first-deposit bonus as the real number for most people.
- Up to 500x leverage. BTCC advertises leverage up to 500x with deep liquidity and fast execution. You choose your own leverage on every trade, and you never have to use anything close to the maximum.
- 350+ coins. From BTC and ETH to the newest trending meme coins.
- Stocks, commodities and forex. Tokenized stocks, commodities and currency pairs traded with USDT from the same account as your crypto.
- A fast start. BTCC says you can begin trading right away with global coverage, without identity verification or a VPN. The rules on leverage trading differ by country, so check what applies where you live before you deposit.
The Conditions on the 20% Bonus
A bonus is only worth something when you know the rules it comes with, so here are the terms BTCC publishes for this offer, in plain words:
- First deposit only, 200 USDT minimum. The bonus applies to your first deposit and only when that deposit is 200 USDT or more. A smaller first deposit gets no bonus.
- Paid as trading funds, capped at 10,000 USDT. The bonus lands in your account as funds to trade with. It is margin for trades, not cash you can deposit today and withdraw tomorrow.
- No trading restrictions. BTCC puts no limits on leverage or coin pairs when you trade with the bonus funds.
- Paid weekly. Bonuses are processed once a week, so it can take up to 7 days after your deposit for the bonus to arrive.
- Trade within 7 days. You have to place your first trade within 7 days of receiving the bonus to keep it active.
- Withdraw early and you lose it. Early withdrawals immediately void the reward, and BTCC prohibits bonus farming.
Offers like this change, and the terms on BTCC's own page are the ones that count. Read them on the sign-up page before you send money.
Claim the 20% First-Deposit Bonus on BTCCHow My Invite Link Works
The link on this page is my partner link with BTCC, and I want you to know exactly what I get. You need to sign up directly with my link and make your deposit before I get anything. When the first two of you make your deposits, BTCC pays me $500, and after that I get a percentage of the trading fees. You pay the exact same fees either way, and you get the new-user offer described above. This page exists because I earn from it, and I still want you to read the risk section below before you click anything.
Why I Partnered with BTCC
Holding ICP on a daily basis can be pretty boring, especially if you're waiting for the price to go up or it just moves a little bit. I've often been frustrated. It's like I know the price is about to go up for ICP and I could make some serious money on that, and all I can do is sit and watch the chart. If you're just focused on ICP, crypto can be very boring. So I'm grateful for a new partnership with BTCC, which is one of the oldest crypto exchanges in the world, and I am now testing out leverage trading on it.
I'll be very obvious about why I'm here. DFINITY did not want to pay me to do these videos, and BTCC is happy to partner with me to do them. I've gotten a lot of exchange partnership offers over the years that I've said no to, and this is the first one I've said yes to. What made the difference is the track record: BTCC has been running since 2011, and that's 15 years of no hacks. Fingers crossed, that's no guarantee for the future, and it is still one of the best track records any exchange has anywhere in crypto. It looks like a great value for my audience and a way for me to fund doing these videos going forward.
There's also a lot you can do on BTCC that you can't do if you've just got a Coinbase account, especially in the US: no KYC or VPN, 350 different coins, up to 500x leverage on Bitcoin and Ethereum, and TradFi on the same account, with tokenized stocks, gold, forex, the NASDAQ, the S&P, UK oil and US oil. There is plain spot trading too if you just want to swap one coin for another, you can deposit crypto you already hold somewhere else, which is how I'm going to use it, and if you're a content creator you can become an affiliate yourself. It also fits with my one other partnership: BTCC is the centralized exchange, and MaxFi is the decentralized platform I use for swapping and liquidity.
What Leverage Does to an ICP Position
We know ICP is an outlier, and I think there's a very good chance it goes up at some point. What I'm thinking is that if I can take out the right long position at the right time, when the price is towards the bottom, there are massive profits that could come. Here's the example that got my attention. If I hold 100 ICP and the price goes up a dollar, I make $100. If I put 100 ICP worth of margin on 100x leverage, I'm controlling a position 100 times that size, and the same dollar makes me $10,000.
At the same time, if it goes down, you can lose everything just by it going down a little bit. At 100x, a move of about 1% against you is enough, and on ICP that's a few cents. You get liquidated if you don't have enough margin to cover it. You can take shorts too: if you figured ICP was about to take a fat dump and took a big short out right before, you could have made some nice money on the way down.
If you watch the ICP price every day, and you've watched it for years like I have, you can potentially have some intuition on where it's going next. When it got up to $3, I thought, this is probably a good time to short. The manipulated shorts on ICP look pretty predictable to me, which is why longs on ICP are definitely dangerous unless you pick the right time, because there are often a ton of manipulated longs that crush the price. So there seem to me to be pretty predictable opportunities to long and short ICP. If you're kind of obsessive, you're looking at the chart all day anyway, and you think you're smarter than the average person in a manipulated market, this is an environment where you can prove it.
Start in Demo Mode, the Way I Am
If you've never done leverage trading before, BTCC has a demo mode, and I highly recommend it because I'm using it myself. I've never leverage traded before, so I have no business starting off with live trading. They give you a 100,000 demo budget, and the demo only goes to 50x leverage for some reason. You have a day or two to try the demo before your bonus needs its first real trade.
Here's what my first day of demo trades looked like. I opened a long with about 200 ICP and it took a fat dump right after. So I took 1,000 ICP lower down at 50x leverage, and the price pumped straight back up. The largest position I took was 1,200 ICP. I made $30 or $40 in a few minutes, and the price had moved 5 cents total. Then, for the video, I opened a 100 ICP short at 50x. The margin on that was $4.80. The price ticked up instead of down, I was down a dollar almost right away, I closed it for a loss of a few cents, and it dumped right after I closed. I took another 100 ICP short and lost $1.50 on it in a couple of minutes. I finished the day up about $35 overall, all of it play money.
That's the whole thing in miniature: tiny moves, real swings, and being right about the direction doesn't help if your timing is off by a minute. You can close a position any time. You can also set limit orders, for example opening a 100 ICP long only when the price drops to a level where it almost always bounces, and then waiting on it. Just know that if the price goes way down, it can plow straight through your order and you can lose the position almost right away.
My Plan with Real ICP
I am not doing any live trading yet. Here is what I'm going to test. I have 548 liquid ICP on the Network Nervous System right now, and I'm going to deposit a few hundred of it onto BTCC. You deposit the ICP and you need USDT to hold the margin, so I will use the money BTCC pays me to cover the margin. Then I'm going to see whether I can pick the right moment for a long on ICP, like right before a dollar pump comes along.
For me the worst case is that I lose 100 ICP, which is a few hundred dollars. The best case is that the price goes up a dollar right after I open the position and I close it out making 10 grand, which would make an incredible video and an obvious way to promote my link. If I can actually make consistent profits on this, I will be showing it a lot more. If I can't, you'll see that too.
A Tool, Like My Hammer Drill
I've been a bit toxic about leverage trading in the past. I also want to get paid, because this is what I do full time, so I want to be clear about what this is. Leverage trading is a tool. It's neither positive nor negative. I have a hammer drill, and it was very helpful for quickly putting three-inch screws into four-by-fours and fixing my fence when it fell over in the hurricane. A hammer drill could also be used to cause harm. BTCC is a tool you could use to make a lot of money, and it's a tool you could waste time with and lose money on.
This is for people who are already in the market, people who are advanced, or people dedicated to ICP who want something more interesting than just watching the ICP price chart. It's also for those of you who want to support me: when you join BTCC and use the platform through my link, you're supporting these videos, and I'm grateful for it.
What Leverage Trading Is
Buying a coin on a regular exchange is spot trading: you pay $1,000, you own $1,000 of the coin, and if the price drops 10% you are down $100 and still holding the coin. Leverage trading is different. You put up a small amount called margin, and the exchange lets you control a position many times larger. With $100 of margin at 10x leverage you control a $1,000 position.
That multiplies everything. If the price moves 5% your way on that $1,000 position, you make $50 on your $100, a 50% gain. If it moves 5% against you, you lose $50. And if it moves about 10% against you, your $100 of margin is gone and the exchange closes the position. That is a liquidation, and there is no holding on and waiting for the price to come back the way there is with a coin you own.
On BTCC this is done with perpetual futures, contracts that follow the price of a coin with no expiry date. You can go long when you expect the price to rise or go short when you expect it to fall, which is the main thing leverage trading offers that buying and holding never does: a way to make money in a falling market. If you want to understand the business you are dealing with, I wrote about how crypto exchanges make their money.
What 500x Leverage Means in Real Numbers
The higher the leverage, the smaller the price move that wipes out your margin. Roughly, before fees:
- 2x: a 50% move against you liquidates the position.
- 5x: a 20% move.
- 10x: a 10% move.
- 50x: a 2% move.
- 100x: a 1% move.
- 500x: a 0.2% move.
Bitcoin moves 0.2% in seconds on an ordinary day. A 500x position is closer to a coin flip than a trade. The number on the banner is the maximum BTCC allows, and the people who last in leverage trading mostly use a small fraction of it. Fees matter more too, because trading fees and the funding payments on perpetual futures are charged on the full position size, and a 100x position pays those on 100 times your margin.
Who BTCC Is For, and Who It Isn't
I don't recommend leverage trading for most people. If you are new to crypto, if the money you would deposit is money you need, or if you have ever had trouble stopping once you start, skip this page entirely. Most people who trade with leverage lose money, and the exchange earns its fees whether you win or lose. I have written about how crypto can turn into an addiction that wrecks a life, and leverage is the fastest version of that.
BTCC is for experienced traders who already know what margin, liquidation and funding rates are, who want to short as well as go long, and who size positions so that one bad trade does not end the account. If that is you and you were going to trade futures anyway, a 20% boost to your starting margin is a real advantage, and that is who this link is for.
Join BTCC — For Experienced TradersThe Risks, Honestly
- Liquidation. You can lose your entire margin on a position in minutes, and at high leverage in seconds.
- The bonus encourages bigger trades. Extra trading funds feel like free money, and that feeling is exactly when people take positions they would never take with their own. The bonus is margin, and margin can be liquidated like any other.
- Your deposit is on an exchange. Money on a centralized exchange is held by the company, not by you. Keep there only what you are actively trading and withdraw the rest to a wallet you control.
- Fees and funding. Costs are charged on the leveraged position size, so they eat into small accounts quickly at high leverage.
- Rules where you live. Leverage trading on offshore exchanges is restricted in some countries. Knowing your local rules is your job.
- Volatility. Meme coins in particular can move 20% in an hour, which liquidates even modest leverage. I have reviewed plenty of them in my top 100 meme coin review, and the same swings that make them exciting make them brutal with leverage.
How to Lower the Risk
Nothing makes leverage trading safe, and a few habits make it survivable. Deposit only money you can lose entirely without it changing your life. Start with low leverage, 2x to 5x, until you have a record of your own results. Set a stop loss on every position so you choose your exit before the exchange chooses it for you. Risk a small slice of the account on any single trade. Decide a loss limit for the day before you open the app and stop when you hit it. And keep your long-term holdings somewhere else, in your own wallet, away from the account you trade with.
If you would rather earn from crypto without directional bets, look at what I do with liquidity farming on MaxFi, which carries its own risks and no liquidation clock on a 500x position. If you are still choosing what to hold at all, my review of every top 50 cryptocurrency and my Bitcoin review are better places to start than a futures account.
How to Sign Up and Get the Bonus
- Open BTCC with my invite link and register on that page so the offer is attached to your new account.
- Make your first deposit of 200 USDT or more. The bonus is 20% of that first deposit, up to 10,000 USDT, so decide the amount before you send it, because only the first deposit counts.
- Wait for the bonus. BTCC pays bonuses weekly, so allow up to 7 days.
- Use the wait to practice in demo mode. BTCC gives you a 100,000 demo budget, and a mistake there costs nothing.
- Place your first trade within 7 days of the bonus arriving to keep it active.
- Leave the funds in while you use the bonus. An early withdrawal voids it.
BTCC Questions, Answered
What is BTCC? A crypto exchange focused on leveraged perpetual futures, with 350+ coins plus tokenized stocks, commodities and forex traded in USDT. It describes itself as the longest-running crypto exchange in the world.
How does the 20% bonus work? Sign up through my invite link, make a first deposit of 200 USDT or more, and BTCC adds 20% of it as trading funds, capped at 10,000 USDT. It is paid within about a week, and you need to trade within 7 days of receiving it.
Can I withdraw the bonus? It is paid as trading funds, meaning margin to trade with. BTCC's terms say early withdrawals void the reward, so read the current terms on the sign-up page for exactly what can be withdrawn and when.
Does using your invite link cost me anything? No. You get the new-user offer, and BTCC can pay me a share of what it earns from the account.
Is there a demo account? Yes. BTCC has a demo mode with a 100,000 demo budget and leverage up to 50x. It is where I started, and where I would start if you have never traded with leverage.
Have you traded on BTCC yourself? In demo mode so far. I had never leverage traded before this partnership, my first day of demo trades on ICP ended up about $35, and I plan to deposit a few hundred ICP and test it with real money next. I will share how that goes, wins or losses.
Do I have to use 500x leverage? No. You set the leverage on each trade. 500x is the maximum BTCC advertises, and I would stay far below it.
Is leverage trading safe? No. Most people who try it lose money, and you can lose your whole deposit. Use it only with money you can afford to lose and only if you already know what you are doing.
Is this financial advice? No. This page explains an offer and the risks that come with it. Do your own research and make your own decisions.
Join Me on BTCC
If leverage is already part of what you do, or you have tried the demo and want to go further, the 20% first-deposit bonus is the reason to sign up through this page instead of going to BTCC directly. Trade small, use stops, and never deposit money you cannot afford to lose.