Because of regulatory pressure from Chinese authorities, CHBTC exchange has ceased all trading activity on 30th September 2017.
About CHBTC exchange
CHBTC is a Chinese exchange, which is one the simplest yet trustworthy platform for the digital enthusiast. The company started in 2013 by a group of young entrepreneurs with an aim to provide a safe and efficient digital asset exchange. The company has partnered with btc123.com, Bitkan, ETC, Ethfans, Coin desk.
The team has mostly either technical or financial background and has succeeded on boarded five million users. The technical team is highly experienced in R&D and operations with an international perspective. The company is currently operated by Beijing Jixingbao electronic commerce Co. Ltd.
The trading occurs between both crypto-to-crypto and crypto to fiat currency. Crypto currency used on this platform is mostly Bitcoin, Ethereum, which the fiat currency is Chinese Yuan. CHBTC provides 24* 7 assistance to all its users. The customer service is quick and offers an immediate solution to any query raised by the user.
Security at CHBTC
CHBTC maintains high standards when it comes to security and compliance. There is security for mobile site or mobile application. A user can enable two-factor authentication.
For enabling this feature, the user can download Google authenticator on their devices and scan the QR code of the CHBTC account. The user can then sync both the platforms. Thus, every time there is a login, a 6-digit code would go to the registered mobile number.
The platform also authenticates a user’s name. The server that has data and currency information is protected through regular backups. The server is also SLB balanced. Most of the currency is stored in offline wallets. Offline wallets not only protect the currency against the risk of any cyber crime and also eliminate volatility.
Other popular Cryptocurrency markets to trade:
CHBTC Mobile application
CHBTC has also launched its mobile application. The application is compatible on both Android and iOS devices. Mobile apps make the technology handier and can be used on the go. The application has all the features such as easy deposits and withdrawals, funding the main account balance, and real time pricing of the crypto currency markets.
There are certain rewards that every registered member could earn. There is an account link is for the existing users to invite new users. If a new user joins Chbtc with a referral link, the referee earns rewards.
The developers could also benefit from the Chbtc account. The platform provides API for its several features, which a developer could incorporate in his own application.
How to register a new account on CHBTC?
In order to register a new account, log on to CHBTC official website. The user can then click on the tab “register”. Enter the details such as Email ID/Phone number and create a password. The password should be 8-20 characters long with numbers, digits or both. The user can then click on “I agree to T&C” to complete the signup process.
A verification link goes to the registered email ID, which has to be verified to validate the account. Once the login is successful, the user can set a transaction password to protect the funds.
Buy/Sell at CHBTC
Chbtc offers spot trading on its platform. Before buying and selling, a user will have to add funds to his account. The funds will be in Chinese Yuan, the currency of China.
Once sufficient funds are available in the account, a user can select the amount and market and place either a limit or stop order. Before making any investments, the user can gather information on different markets and their current trends such as real time pricing, 24-hour trading volume, and the professional charts. All the previous records are available in transaction history with information on price, status, and source.