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HitBTC’s Trading platform can be argued as one step ahead of the usual market exchanges. It does try to exemplify itself as the ‘most advanced Bitcoin exchange’. They also have a tab for ICO’s, or coins that were recently in the ICO stage and hit the exchange. They have the usual order book, trade history, and charting application. HitBTC was founded in 2013 by leading technical minds, high-level finance professionals, and experienced BTC traders. Since then, millions of traders choose Hit BTC and use the app’s advanced tools and features for a versatile cryptocurrency experience.
The system registers each new user who has entered the email address and password on the official website of the exchange. HitBTC IntroductionOn the right side are presented forms for registration and a button to enter your personal account, if you are already registered. The developers of the website took care of their users, who can trade both day and night, so they developed two types of design – day and night. Read the HitBTC forum — there are a lot of outraged people there.
- This is one of the best security features when it comes to HitBTC exchange.
- Individual customers in their reviews accuse HitBTC of being a scam.
- I have been trying to do a withdrawal and everytime, I am given some fee to pay.
- The support team doesn’t leave them over and solve their problems as soon as they have time for that.
- However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some.
Using a demo account, users can try their hand at trading without risking any financial investment. They can trade simulated funds in order to get a feel for trading and educate themselves. At the same time, all the market data in the demo is the same real-time data from the real HitBTC exchange.
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You should then receive an email, containing a link to activate your account. Once this link has been followed, your account is now active and you can begin trading. By going onto your account settings and the KYC tab, you can verify your account – you’ll need to upload various photos and documents to confirm your address and other details. There should be a button to ‘request verification’ once you have filled in the KYC details. Offered in five languages , HitBTC’s support centre isn’t inclusive of its global users if they do not speak any of these languages. However, the support centre contains detailed, step-by-step articles and instructions on how to achieve certain functions, including deposits, withdrawals and other, more difficult processes.
HitBTC takes first place in the global cryptocurrency market in terms of liquidity . Bet 2fa, whitelist and verify, there will be no problems with withdrawals. They froze the money for no reason, provided a whole bunch of documents. No one will give you your money back once it has been deposited.
To start trading, you need to transfer your funds from your Main account to your Trading account first by hitting the arrows under the “Transfer” button. HitBTC markets are available to most countries and jurisdictions across the world, however there are some exceptions. Additionally, HitBTC trading has been temporarily suspended for residents of Japan, with users unable to continue using its services.
The exchange doesn’t charge any fees for cryptocurrency deposits; however, there is a fee for placing orders and withdrawing funds from the site. Many HitBTC reviews highlight the importance of the need for excellent customer support. HitBTC’s support centre is the main form of customer service provided to users. With an absence of a live chat feature, customers can be left feeling frustrated if their query isn’t solved quickly. Despite these red flags, my personal experience with HitBTC remains positive – the exchange does its job, even though high withdrawal fees weren’t a pleasant experience.
If the user wants to deposit funds to their HitBTC account, they should first generate a wallet address. Then they need to click the deposit button identified in green color. Users must select the corresponding row they wish to deposit and click “fund.” When this is done, the user gets a wallet address with numbers and letters and a QR code.
Meet HitBTC exchange – the most advanced, easy, and secure way to trade cryptocurrencies such as Bitcoin , Ethereum , Litecoin , Tether , Ripple , and many more altcoins. Coinbase Pro is a cryptocurrency exchange software solution that enables you to build a diverse crypto portfolio. It gives you the power to create robust orderbooks to establish your buying hitbtc crypto exchange review plan of action. Built-in market data such as trade history logs and charting … It’s also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs HitBTC comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to HitBTC with a fee of 0.10%.
HitBTC Pricing
Hope some goverment will stop this company because is a big shame. HitBTC is available in almost all countries except Syria, Sudan, Cuba, the United States, Crimea, and North Korea. This trading platform has a wide global reach where the traders can access the platform from their country of residence. The above countries are barred from accessing this exchange because of regulatory provisions or financial restrictions. As per our HitBTC exchange review, the first step is to select a trading pair.
The support team has replied to you on September 16th 2021 and provided you with instructions. Please check your inbox and your spam folder and proceed accordingly. This is a standard practice that exists in other exchanges as well.
Other Centralized Exchanges
However, when it comes to withdrawal fees, Binance turns out to be more democratic. Although both exchanges have large trading volumes, Binance has the biggest liquidity on the market while HitBTC is only one of the best exchanges by this parameter. In 2021, HitBTC added fiat-to-crypto and margin trading options. That was a serious step ahead if we compare HitBTC and Binance. The latter has margin trading, too, but in the fiat market, it can’t offer anything except for stablecoins. It would be difficult to label this company a scams because HitBTC has serious plans to take a leading position in the market.
It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too. The exchange is relatively secure and easy to use but is a better fit for more experienced traders. That said, the actual mechanics of how the site works and how a user trades are surprisingly straightforward. As such, trading on HitBTC may not be too difficult even for complete beginners. For unverified users, HitBTC fees similar to the ones we find on other popular exchanges like Binance or Bittrex. However, for verified users, the fees drop significantly, making HitBTC’s fees absolutely cheapest on the entire market in terms of crypto trading.
Look at how many coins we have – how much we can buy ETH for. Trading PairThere is the form for selling currency and the form for buying currency, the history of your transactions will be displayed in this window. In front of the desired coin, click on the arrow to transfer money from the “Main Account” to the “Trading Account”. AccountIn front of the selected coin in the “Deposit” column, click on the circle with a plus sign to deposit. The exchange can facilitate the blocking of transactions with OTC models from the same account, acting as a bank transfer intermediary in order to avoid counterparty risk.
HitBTC Exchange Review – Usability, Look & Feel
CryptoCompare even grants HitBTC the highest score in the data reporting section, indicating that the exchange’s liquidity must be real . In early 2019, just a few days prior to the annual “Proof of Keys†event, HitBTC came under fire for disabling user withdrawals. However, the exchange didn’t make a big deal out of the situation. HitBTC users can make use of trading bots, which work well with the platforms’ robust API.
This HitBTC review details which other cryptocurrencies are supported on the platform, how to navigate HitBTC deposits and how to trade. HitBTC markets support more than 800 trading pairs, encompassing Bitcoin and a variety of altcoins including Ethereum, EOS, Litecoin, Tron and others. HitBTC also supports lesser-known altcoins, diversifying its range for clients.
If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than HitBTC. Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity. The information that you will have to provide includes your personal information, residential address, proof of identity, selfie and phone number. The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day.
It is a place where both newcomers and trading professionals will be able to trade with ease. In this in-depth HitBTC review, we will dig into the exchange fees, services, customer support, trading, and much more. Today, the HitBTC exchange is a simple terminal that is quite intuitive for professional market players and beginners of crypto trading. The platform offers not only crypto trading, but also an advantageous exchange of cryptocurrencies in fiat money .
However, there appeared to be a little latency when switching between trading pairs. The asset list for selecting the instruments is well laid out with https://forex-reviews.org/ different tabs for selecting the specific coin to trade with collateral. Similarly, the user interface is hard to see with the default color scheme.
You must provide your full name, home country, and phone number. A verification link will be sent to your email, and you must input the code reflected in the message to verify your email. HitBTC exchange has an affiliate program in place through which traders can earn money by referring others.
This is one of the best security features when it comes to HitBTC exchange. You can whitelist the addresses to which your funds can be withdrawn. This means that even if your account and email are compromised, you stay protected. Overall, my suggestion for you is to use a better altcoin exchange that you can rely upon for support and one that lets you sleep in peace. The most important thing about exchanges that don’t innovate and are less customer-centric are more likely to pull an exit scam.