HitBTC Exchange: Reviews, Fees & Features

HitBTC Exchange: Reviews, Fees & Features

While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs. That’s a user-friendly exchange with hundreds of trading pairs. What makes HitBTC a good exchange is also the fact that a rather large trading volume is concentrated on it – it is included in the top 10 largest trading platforms for trading. This suggests that many users around the world trust HitBTC. In accordance with all the reviews and information checked, we can say that HitBTC is legit and definitely not a scam platform. Like many other huge exchanges, HitBTC has a problem with the support team response delays.

The devices exist in numerous shapes and sizes so HitBTC traders wishing to make 2fa easier and safer will be able to find the best option or even choose a custom variant. Some of the plus points of HitBTC are it has hitbtc crypto exchange review 450+ digital assets with more than 960+ trading pairs. Secondly, it uses a maker-taker model for calculating trading fees and also considers trading volume and HIT holdings while calculating your trading fees. The more HIT tokens you hold or use in pair trading, the more discounted the trading price. Choosing a suitable cryptocurrency exchange is harder now as so many exchanges exist.

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Transactions get confirmed on blockchain hours after execution. Users are able to enhance their exposure to the crypto market by placing margin-backed trades, which entail trading via borrowed funds. Through this strategy, traders can increase the value of their deposit through the means of collateral, thereby accessing a higher profitability potential. Margin trading is extremely risky however, as users must cover any loss caused by falling crypto prices.

HitBTC Margin Trading

Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

While HitBTC was initially designed to serve as a fiat-enabled cryptocurrency exchange, it has removed many of its fiat integrations due to regulatory concerns. Nowadays, fiat deposits are only possible if users rely on the Changelly integration, which allows the purchase of crypto via debit cards and credit cards. 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.

There are simply too many reasons for dishonest exchange owners to funnel user funds into their own private wallets. Whatever the case, new users should stay well away from HitBTC. There are simply too many other services which out-class it in every respect, and will especially not steal user funds.

• The system registers each new user who has entered the email address and password (min 6 characters, including a capital letter and number) on the official website of the exchange.
• The exchange is relatively simple to use; however, it’s best suited to more experienced traders.
• HitBTC has an awesome Rest & Streaming API interface, providing programmatic access to the exchange’s trading engine.
• It is known for offering a comprehensive trading interface, a range of cryptocurrencies, and features suited for both novice and experienced traders.
• This wide variety allows traders to diversify their portfolios and access niche coins that are not available on other exchanges.
• To withdraw funds, simply click on the icon in the withdraw row of any Coin you wish to withdraw.

Deposits on HitBTC are generally free for most cryptocurrencies. However, users should be aware of potential network fees, particularly when dealing with tokens on specific blockchains. Creating an account on HitBTC is straightforward, and the verification process is quick and efficient.

How to deposit cryptocurrency on Hitbtc?

• However, it seems that in a follow up to the tweet HitBTC unfroze the account and allowed his mother to continue trading.
• BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
• HitBTC features extremely liquid marketplaces for trading digital assets, tokens, and fiat currencies (USD, EUR, etc.).
• This is not meant to happen often, but some users have reported encountering issues with withdrawing on-demand.
• Crypto Head’s editorial principles prioritise transparency and reader trust.

The CoinBase support service is unstable, so all these factors are very inferior to the HitBTC exchange. Any time you can check if your account wasn’t accessed by a violator. In the Security tab, you can see the history of connections with IPs and locations and the list of the active sessions.

Supported Countries and Cryptocurrencies

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Visit our recommended platform to buy crypto by clicking the button below. If you completed each of these steps you managed to successfully deposit funds into your HitBTC account. That being said, it’s recommended to wait for the app to be completely developed in order to have a full experience.

On 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. HitBTC has an awesome Rest & Streaming API interface, providing programmatic access to the exchange’s trading engine.

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Users should not use it to store coins and instead use a more secure wallet. Kraken is an American cryptocurrency exchange, one of the largest in the world in terms of cryptocurrency trading volume. Founded July 28, 2011, in San Francisco and is still based in California. The advantageous difference between a cryptocurrency exchange with such a relatively long history and most of the other platforms of the cryptocurrency world is that it has never been hacked. Individual customers in their reviews accuse HitBTC of being a scam. Some of the people who created threads accusing HitBTC of being a scam eventually admitted that their problems were solved.

Brokers by Country

You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably code more effective bots with the MetaQuotes software as you have access to all of the indicators and market inputs right out of the box. This is because you are “taking” the price you want right now (removing the liquidity from the books) by buying or selling limit orders sitting on the books. 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. HitBTC is a crypto currency exchange owned by HIT solutions Ltd, which is based in Hong Kong.