Bitcoin Rhodium welcomes Chinese investors upon listing at FatBTC (CMC TOP 15 exchange)
The availability of FIAT wire deposits (CNY) makes FatBTC an effective gateway to XRC trading on the Chinese market. — Tweet this
FatBTC is a Hong Kong based crypto trading platform established in 2014. As of this writing, according to Coinmarketcap, its daily turnover is $647,513,179, ranking as a TOP 15 exchanges by daily volume. The strongest pairs on FatBTC prior to the XRC listing were ETH/BTC ($196,474,701), ETH/CNY ($65,020,345), BTC/USDT ($62,813,039), XRP/USDT ($38,726,610) and LTC/USDT ($30,927,247). Finally, $19,842,890 worth of Chinese yuan was traded daily against Bitcoin (CNY/BTC).
The exchange currently offers flat fees for both makers and takers of 0,2% upon a successful execution of a trade. Deposits are free of charge for all coins. The withdrawal fee for XRC is set to 0.1 XRC and differs for other coins, but remains under the industry average (0.0005 BTC, 0.001 LTC, 0.01 ETH). It is worth noting that for local traders FIAT withdrawals (CNY) are also free of charge!
We would like to kindly invite all investors to refer to the FatBTC Terms of Service to learn about specific legal provisions regarding use of the exchange and its services from specific locations.
You can find more detailed information about the exchange here: https://www.fatbtc.com/
We believe Bitcoin Rhodium is valuable because it is scarce, with options that appeal to large, long-term investors — Tweet this
Following feedback from our and other crypto users using exchanges, we would like to share the following message:
We think that a reasonable amount of due diligence should be performed by both the Bitcoin Rhodium development team and the exchange user. There is no way that in an unregulated world of cryptocurrencies that one can be 100% sure of anything. All members of the development team, having invested in cryptocurrencies themselves before, agree that it has always been their responsibility to decide whether to send coins to an exchange or not.
Take Cryptopia for example: are all the devs from all the coins trading at the exchange responsible for the delay they had with withdrawals? Absolutely not. Announcing that an exchange has listed Bitcoin Rhodium is not an endorsement made by its development team.
We make no guarantees regarding the security of the respective exchanges and we don’t and never will promote any of them as 100% safe. In fact, we are clients of the exchange. We paid them. And we are the ones who have the most to lose.
On this note, we hope that this message explains well enough what the development team’s position is on this issue and why we would like to ask kindly for every XRC holder to exercise an appropriate level of caution before making any investment decision.
Bitcoin Rhodium development team