You can choose from more than 380 cryptocurrencies and over 800 crypto pairs. The main company’s goal is to introduce crypto traders to the most advanced technologies. However, centralized exchanges often provide greater efficiency, liquidity, and user-friendly interfaces. What is more, at the end of this review, I will show you how to sign up for HitBTC and start using this platform.
How to Deposit & Withdraw on HitBTC
To withdraw coins, users must first go to the “accounts tab,” then to the withdrawal column, which displays all crypto and fiat money. However, withdrawals are subject to flat fees, which can be particularly costly for some newly listed cryptocurrencies. Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits. It’s an old-time Bitcoin exchange that supports a wide variety of digital assets, including major cryptocurrencies, low cap altcoins, and trading pairs. Its wide range of products and services, incredibly low trading fees (0.1% ), simple UI, and anonymous trading make it an appealing exchange for advanced traders. It's very secure, offers more than 800 crypto trading pairs, low trading fees and a demo version for beginners.
What country is HitBTC from?
HitBTC is managed by Hit Solution Limited, based in Hong Kong, address Unit 19, 7/F., One Midtown No. 11 Hoi Shing Road, Tsuen Wan, New Territories. The company also possesses a dedicated office in Chile, address Av.
Good service
Discover the origin of decentralized finance, blockchain technology, and cryptocurrency with our articles What Is DeFi, How to Buy Cryptocurrency, and more. No, HitBTC is among the few exchanges that haven’t been hacked till now. If you want to withdraw money, you must first have coins in your primary account and then click withdraw. To deposit funds into your HitBTC account, you must first create a wallet address and click the green deposit button. If users achieve a tier 10, i.e., if they trade 50,000 Bitcoin or more each month, HitBTC will offer them a -0.01% refund on each completed trade. Unverified users pay a maker fee of 0.1% and a taker fee of 0.2%.
I was able to successfully transfer out my funds, and the process, though stressful at first, ended with a positive outcome. I submitted my KYC including ID, proof of address, selfie, and even details of prior transactions and within a few days my withdrawal was enabled. My money was refunded by the expert team on my profile photo The company's inability to safeguard its clients' money was frustrating, and their customer service was of no help when I tried to resolve the situation. Withdrawal requests were constantly delayed, customer support was unresponsive, and the promised returns never materialized.
- Funding your account can take up to fourteen (14) business days, while the withdrawal of funds can take up to twenty (20) business days.
- It is a place where both newcomers and trading professionals will be able to trade with ease.
- The account offers several advantages like two-factor authentication, low fees, and the ability to restore access to the user account if passwords are forgotten.
- The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
- Carefully selected industry experts contribute their real-life experience & expertise to BitDegree’s content.
Decentralization and DAO structures can enhance security, reduce the risk of single points of failure, and promote transparency and community participation. Find out the whole truth in this HitBTC review!
Have a question? Ask to get answers from the HitBTC staff and other customers.
According to its terms of service, US residents aren’t permitted to use the HitBTC cryptocurrency exchange. However, the negative reviews about HitBTC mostly mention its poor customer support and slow withdrawals. You can sign up and use the demo platform by selecting the demo option at the bottom of the screen or by entering demo.hitbtc.com directly into your browser. If a trader liquidates a trading position to attain the liquidation price, HitBTC levies a liquidation fee of 0.5% of the position value in the quoted currency.
How Fast is the Verification Process with HitBTC.com?
HitBTC is one of the popular European bitcoin exchange platforms that was founded back in 2013 and started with a 6 million USD Venture Capital investment. This system serves as their customer service support platform. It is highly recommended to keep your account secured no matter how small your trades are. Both these features are pretty standard across the exchange industry. Other HitBTC security features include cold storage and advanced encryption technology. Another additional security feature is the ability to view recent activity at the bottom of the settings page, which lets you check if someone is attempting to access your account from some location maliciously.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. You should take each of the aspects into account and decide if HitBTC is suitable for you! If you want to see how HitBTC works, you can take advantage of the Demo version that allows you to try the platform out completely free without actually investing anything.
HitBTC Mobile App
HitBTC has over 800 trading pairs available, including Bitcoin, Ripple, Ethereum, Stellar, etc. The trading interface is entirely customizable so that you can organize the windows in an order suitable to you. Select a currency from the chart’s list, and the page will instantly refresh and display information about the chosen trading pair. HitBTC provides a wide range of trading pairs for leveraged trading ranging from 3x to 12x.
One of the unique advantages of HitBTC is that it provides support for the FIX protocol. Thanks to their API’s, HitBTC is known for being able to be friendly enough to people who are into creating trade bots. HitBTC is a leading European Bitcoin exchange and they claim to be the world’s most advanced Bitcoin exchange. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
- Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools.
- That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
- Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity.
Mobile App (Soon Available)
Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.
What are the disadvantages of using HitBTC?
The issue with trading: Leave a lot of Dust
For many currencies, HitBTC added a rule for many coins to be traded in the divisible of 10 or 100. This create a major issue and leave a lot of dust in our HitBTC account. Another thing to know is withdrawal fees is pretty high.
HitBTC allows HitBTC users to trade crypto along with a vast selection of currency pairs. I didn't trade for about a year and the exchange took the money for itself. They cleaned up my account charging me inactivity fees that didn't exist when i signup in 2017. Just got my HIT-BTC account access restored after merging with hit-btc.exchange The process was quick and smooth support was helpful and responsive. The security protocols were insufficient, and my funds were stolen, despite my trust in their platform. I had a terrible experience with this investment platform, and I feel it's important to warn others about their unethical practices.
I have to say that is quite disappointing as no one will be there to help you in case you’ll be having any issues when creating your account, verifying your identity, trading crypto, and so on. The Demo account is suitable for beginners who want to have a real-time experience in trading. The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day. However, what you should know is that the higher amounts you trade, the lower your fees will be. If you’re still a newbie in the crypto world and do not know which aspects matter when choosing a crypto exchange platform, I can help you.
If you haven’t done that before, you could make trades that would bring you huge losses. That said, it encourages you to trade even more. That’s not something that many other platforms can offer. As you can see in the picture below, starting from Tier 9, you will be paid 0.01% back of the trade that you make.
On the other hand, HitBTC offers a full-fledged demo trading that can introduce users to the world of Bitcoin and cryptocurrencies. Most exchanges, when asked about demo trading, simply tell you to make minimum trades of $1 and treat that as your demo. This Bitcoin exchange provides cryptocurrency trading services to institutionals, merchants and individual traders https://forex-review.net/hitbtc-review/ worldwide.
For the past couple weeks, hitbtc has done everything in their power to keep my money from me. I was able to get most of my money back by investing in experts, trade+crypts, c0m, online who assisted me. This experience was extremely frustrating, leaving me feeling deceived and exploited. Thank you, Hit-btc.exchange, for restoring access and letting me access my crypto. I encountered withdrawal blocks after completing account verification.
HitBTC exchange offers beginners the chance to practice trading cryptocurrencies on its demo platform first. The exchange doesn’t charge any fees for cryptocurrency deposits; however, there is a fee for placing orders and withdrawing funds from the site. Our HitBTC review has disclosed the simple fee structure for customers wishing to trade cryptocurrencies on the HitBTC platform. Additionally, HitBTC has developed a voting application and a demo trading platform for beginners offering them to try and trade cryptocurrencies on its Demo platform first. What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees.
Hence, if you want to have a real trading experience without risking anything, you should definitely give it a try. In most cases, it’s recommended to watch some tutorials or simply start trading small amounts that you wouldn’t be afraid of losing. To avoid that, it’s important to figure out how the platform works first. Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee. HitBTC offers some of the lowest fees in the market.