2 Results For “hitbtc Exchange Review

hitbtc review

There is a plethora of charting functionality, analysis tools as technical indicators. The MT4 platform is no doubt one for professional traders who do a great deal of technical analysis.

HitBTC began operations in 2013 and at the time, was one of the few exchanges available for trading crypto assets. Over the past few years, the reputation of the exchange has declined considerably due to numerous reports of stolen funds, account freezes, legal battles, and more. Selecting a cryptocurrency platform depends on the trading interface for many investors and traders. This is where the majority of time will be spent analyzing the charts and looking for trading opportunities. We provide tools so you can sort and filter these lists to highlight features that matter to you. Complete the ID verification process and don’t forget to enable 2-factor authentication before you start trading.

Hitbtc Rating

HitBTC is also unregulated, so make sure you thoroughly research and compare a range of cryptocurrency exchanges before deciding whether to trade using this platform. Some of HitBTC’s disadvantages include its unregulated status, limited support for fiat payment methods, and high withdrawal fees. As mentioned earlier on, HitBTC supports hundreds of trading pairs and cryptocurrencies. Some of the most notable ones include BTC, BCH, LTC, ETH, ETC, EOS, DASH, XMR, ZEC, PAX USDT, and many others. HitBTC also provides a development guide for its API, thus making it easier for programmers to develop supportable trading systems. HitBTC’s trading view is all-inclusive, and includes most of the relevant data sets that traders rely on to make smart and profitable transactions.

  • If you find any discrepancies or false information about projects, infringement of copyrights or scam ICO/IDO/IEO etc, please write us a feedback.
  • You can also use the MetaQuotes coding language to develop your own trading bots.
  • A quick online search showed a mob of angry customers posing similar reviews about the company.
  • Once you’re on the trading screen for the coin you want to buy, scroll down below the main chart.
  • The exchange platform (i.e. Binance) acts as a middleman – it connects you with that other person .

The first time I tried to withdraw my affiliate Bitcoin balance from HitBTC I had 0.25BTC waiting for withdrawal + another $600. By your side 24 hours a day, our support team will assist you with any issue or question you may have. Blockfer serves as your bridge from the traditional to blockchain finance world.

Hitbtc Reviews

Two years after the company was founded in 2013, it went offline for a short while. During this time, users were left unable to withdraw their funds and were faced with a lengthy waiting time anticipating the clearance of their withdrawal. HitBTC scams started featuring in HitBTC reviews, but the issue was found to be caused by technical issues and has since been resolved.

A HitBTC exchange review also shows that they have pretty much from the beginning been open to the idea of altcoins being added and community involvement in the process. For example, they launched a voting program in May 2014 that allowed the community to vote which altcoins should be added. Many of the complaints can be found on the company’s Twitter profile and in the currently banned subreddit r/hitbtc. Some interesting user comments can be found in the bottom of this post and in the comments of this review by Blockonomi.

How Many Coins Do Hitbtc List?

After that, click on the green “Buy Limit” button to complete the trade. When you compare both exchanges, it seems that Binance hitbtc review has lower fees (0.1% flat) and a better reputation, while HitBTC has a better user interface and a wider selection of features.

hitbtc review

An added security feature is the option to whitelist a range of addresses that you trust in order to prevent anyone else withdrawing to an address that is not in your control. Even if a hacker manages to breach your email and attempts the withdrawal, HitBTC will block it. HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS. Their core-matching engine includes superior order matching algorithms and real-time clearing. HitBTC exchange only gives the option of trading in USD, EUR and GBP. Users can only exchange these three currencies for crypto-assets. Avoid Hitbtc, there are dozens of other decent exchanges, make your own research and don’t let positive reviews fool you out, they could be fake.

Lending Platforms

On the other hand, cryptocurrency as a deposit method will only take 20 minutes or so for the funds to show up in your account. Hitbit only offers below average number of markets; however HitBTC has a significantly above average number of tradable pairs. Concerns for HitBTC include past hacks and a lack of insurance in the case of a future hack. They also do not disclose any identities of their team members, something that often raises a red flag for many users. Trading Platform – HitBTC’s main service is their trading platform. The platform supplies advanced trading feature, a relatively sleek UI and a demo mode for people who aren’t ready to risk real money trading Bitcoin just yet.

However, is not a top-tier exchange in terms of trading liquidity by any means. HitBTC is a crypto-to-crypto exchange that can be funded through a 3rd party service using traditional fiat money. The supported currencies include USD, EUR, GBP, SGD and INR which can be deposited via credit and debit cards, Apple Pay and Google Pay. HitBTC will display the best payment provider based on the amount of crypto received after taking into account the rate and fees. HitBTC has one of the largest selections of markets available with 519 assets and 1083 trading pairs to choose from on the spot exchange. In addition to the spot exchange, HitBTC has a margin platform and Futures market to trade crypto with high leverage up to 75x. The BTC/USD perpetual contract is the most heavily traded pair on HitBTC that allows traders to use high leverage to long or short the Bitcoin market.

Best Cryptocurrency Exchange In December 2021

Since the exchange was founded in 2013, there appears to be a lack of significant investment and development to improve the user experience. This appears to be reflected by the declining trading volume and number of users. There are better alternatives to HitBTC that should be used to trade crypto with more features, service offerings and improved customer support.

hitbtc review

The platform lists hundreds of supported coins, and its fees are highly competitive. However, the platform has a somewhat “murky” reputation in the public domain. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. The exchange has developed over the years to provide high volume trades on a secure platform.

Currency Support

Trading Fee Discounts – HitBTC offers trading fee discounts to high volume traders who upgrade their accounts by completing a KYC check. HitBTC users can purchase and hold HIT tokens to obtain a further discount on the trading fees for the spot and margin market. The fee discount ranges between 3% and 45% based on the number of tokens within the wallet.

Tier 5 users with a 30-days trading volume ranging between 1,000 BTC and 5,000 BTC can expect to pay a maker fee of 0.03% and a taker fee of 0.06%. Lastly, tier 10 users with a monthly volume exceeding 100,000 BTC must pay a 0.01% maker fee and a 0.02% taker fee. HitBTC is a global trading platform that has multi-currency support operating since 2013. Besides for trading cryptocurrencies, ICOs, and tokens, the exchange provides proper markets for fiat trading, which includes EUR and USD trading pairs. HitBTC is a crypto exchange originally from Denmark, which has been operating since 2013. The exchange claims to have a terminal built on the best technology that lets you trade effortlessly on any of the available trading pairs. With respect to trading pairs, HitBTC is one of the exchanges in the world with the largest selection.

Bitcoin Latinum, the next-generation crypto, announces listing on HitBTC – Micky News

Bitcoin Latinum, the next-generation crypto, announces listing on HitBTC.

Posted: Thu, 28 Oct 2021 05:58:05 GMT [source]

He has also interviewed a few prominent experts within the cryptocurrency space. On 15th June 2021, HitBTC announced the launch of its native utility token, the HIT token, which will become the foundation of the HitBTC ecosystem. HIT will be used to provide incentives and rewards to the exchange traders and ecosystem contributors. In addition to this, HitBTC helps users to protect their account through two-factor authentication. As the Crypto space is growing rapidly, there are numerous exchanges hitting the platform. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Tried to trade with different exchanges but wasn’t able to stay with them for a long time.

Our expert reviews, guides, comparisons, and tools bring value and education to investors of all experience levels. Anyone looking to withdraw the equivalent of 1 BTC or more in a 24-hour period, or the equivalent of 5 BTC or more within a 30-day period, will have to complete a KYC check. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle.

It was launched in the year 2015 as GDAX, a professional trading platform for individual active traders and later rebranded in July 2018. Coinbase Pro enables high-volume cryptocurrency trading solutions to traders in the US and other countries. HitBTC has one of the largest selection of cryptocurrencies with 887 live trading pairs on the exchange. In addition to the large selection of assets, they also support a healthy number of quote currencies that can be used for routing orders, executing arbitrage, and more. When we performed a like-for-like comparison with Coinbase, we felt the platform was a much better option if you’re looking to buy and sell crypto. Coinbase was far easier to use, we could deposit funds with a debit/credit card and e-wallet, and customer support was top-notch.

  • API comes with several interfaces to make it easy to implement into custom software.
  • The fiat withdrawals and deposits allowed for Qualified accounts are $10,000 per week and around $50,000 per month.
  • Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column.
  • HitBTC is extremely popular among traders for its low commission and favorable rebate offering.
  • You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features.
  • Delton has been writing about blockchain finance & technology, decentralized applications, and crypto assets since 2017.

Basically, if you make an order that increases the liquidity on the site, you get a rebate of .1% on that transaction. If you decrease the liquidity, you get charged a .1% commission. A full explanation of the fee structure is available on HitBTC’s website. There’s a fast engine, low commission fees, 150 instruments, and a highly detailed interface for pro traders.

It can be used to practice trading without risks before starting to trade real money. HitBTC remains an important part of the cryptocurrency trading industry. These days, when Bitcoin and most cryptocurrencies have finally recovered from the bearish 2018, people should learn about HitBTC new policies and its current pros and cons.

hitbtc review

One of the important features offered by the HitBTC trading platform is that the user trades without verifying their account. If they want to work with digital currencies, there is no need to offer any personal data.

Under the security tab, you can choose to ‘terminate all sessions’ if you believe there is someone else accessing your account. The site will automatically log out all your active sessions, except for the one you use to perform this action. They also have positive reviews for their high availability, uptime, and fault tolerance. HitBTC is a relatively new exchange that claims to be the most advanced in the crypto space. Keep updated with our round the clock and in-depth cryptocurrency news.

Another unique feature of HitBTC’s platform is the ‘Trollbox’, a live comments section where traders can engage in discussions and speculate prices. On the right side of the screen you can view different trading pairs under “Instruments”. HitBTC also allows you to deposit or withdraw on any of the available coins by clicking the icons displayed in the deposit and withdraw columns. As more exchanges come under the scrutiny of regulators, verified accounts are slowly becoming mandatory.

Author: Tomi Kilgore

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