Bitcoin China, one of the leading cryptocurrency exchanges, has announced a significant change in its withdrawal fee structure as part of its accelerated platform wind-down process.
Key Changes in Withdrawal Fees
Effective October 25, 2017, Bitcoin China implemented a threefold increase in withdrawal fees across all supported cryptocurrencies:
Fee Structure Before October 25:
- BTC: 0.0015 BTC
- LTC: 0.001 LTC
- ETH: 0.01 ETH
- BCC: 0.0005 BCC
New Fee Structure After October 25:
- BTC: 0.0045 BTC (3x increase)
- LTC: 0.003 LTC (3x increase)
- ETH: 0.03 ETH (3x increase)
- BCC: 0.0015 BCC (3x increase)
👉 Learn how to securely manage your crypto withdrawals
Deadline for Withdrawals
Bitcoin China reminded users that all withdrawal services will permanently cease at 12:00 PM (Beijing Time) on October 30, 2017. After this deadline:
- No further withdrawals will be processed.
- Online withdrawal services may be discontinued.
Compliance Requirements
To comply with anti-money laundering (AML) regulations and internal risk controls:
- Users must complete video verification for withdrawals.
- Additional documentation may be requested.
The exchange emphasized cooperation to ensure smooth processing.
How to Seek Assistance
For withdrawal support, users can:
- Contact customer service via WeChat (btcchina888)
- Call the support hotline: 400-664-3033
- Email inquiries to [email protected]
FAQs
Why did Bitcoin China increase withdrawal fees?
The fee hike aims to accelerate fund withdrawals before the platform’s full shutdown on October 30, 2017.
Can I withdraw my funds after October 30?
No. All withdrawal services will be terminated at 12:00 PM (Beijing Time) on the deadline.
What happens if I don’t complete video verification?
Unverified users cannot process withdrawals due to AML compliance.
Are there alternatives if I miss the deadline?
After October 30, users may need to explore other exchanges or services for asset recovery.
👉 Discover secure crypto exchange alternatives