Second, they say that it is “fast, responsive and feature-packed”. Third, they state that the platform has a “robot-friendly API”. Out of these three advantages, we dare to say that it is primarily safety and security that is equally important to all prospective traders. Some digital assets and receiving parties require extra destination identifiers to perform transactions successfully. If the destination account doesn’t require a Payment ID, just leave this field empty.
Without verifying your account, you may not be able to trade in as high volume as you might want to. Users can select their preferred size, color and currency and can configure which pair will be shown by default. With responsive and feature-packed terminal users can trade effortlessly any of the currency pairs in milliseconds.
HitBTC Demo
As such, more experienced retail traders and professionals should not have issues with the exchange’s interface. Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges. HitBTC offers a demo account for new cryptocurrency traders. Everyone can try out its platform without making a deposit. HitBTC has Over The Counter trading services for high-volume traders.
Honestly they are a super crappy exchange with absurd withdrawal fees. If I were you I’d stay away from them and try Bithumb Global. Hopefully end of year, or early next year, we will see some more exchange options. HitBTC provides its users with a mandatory 2FA (two-factor authentication) to secure their account with an added layer of protection. They also have high-end security features enabled for their website, adding yet more security.
We’ve covered everything from fees, regulation, supported coins and countries, user-friendliness, and more. 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. The user needs to 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 along with a QR code. HitBTC does not force the verification status to have an upgraded account. This process is necessary, and it offers the benefits like regaining access to the user account in case of forgetting passwords or two-factor authentication and low fees.
It looks to simply be a venture by a company that thought it would be a good idea to start a cryptocurrency exchange. The Chicago based company, Hit Tech limited were responsible for HitBTC. Despite any difference in opinion, Cryptopay tokens are still listed on HitBTC exchange, meaning that the relationship is not completely over. Although not too much came out about it in the press, users were vocal of their displeasure on online forums and review platforms.
There are many posts on social media, forums, and review sites pointing out all sorts of issues with the website. At the same time, many users are happy with HitBTC’s services. The exchange promotes three things in particular as advantages with choosing to open an account with HitBTC. First, they claim that the platform is “safe and secure”.
Support is going to eventually tell you that you need to KYC. They’ll quote some bullshit vague legal reason and say hey, we’re just following the rules. You’re a sketchy crypto exchange in the fucking Seychelles. There’s much larger, much more trusted exchanges who don’t have any similar requirement.
HitBTC Trading View
In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integration on its site. Using it, you can buy cryptocurrency instantly with your bank card and send it directly to your HitBTC wallet to start trading immediately. In 2017 and 2018, many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals.
- However, when it comes to HitBTC, you can have a full experience without the need to risk anything.
- You can either deposit funds in fiat money or directly in cryptocurrencies.
- The final tier is qualified, in which you do not need to pay for any crypto deposits.
- Over the counter traders take place as a result of a partnership with TrustedVolumes.com.
- This review aims to make it easy for the user to decide which crypto-exchange they would prefer to use.
However, once again, this is best suited for those with an advanced knowledge of trading. 68% of retail investors lose money when trading CFDs with this provider. HitBTC does not ask KYC procedure from every trader, but it will ask the traders to read their terms and conditions before using their platform.
HitBTC Fees
At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership. Buy and sell over 380 cryptocurrencies in more than 800 cryptocurrency pairs. HitBTC offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects. Today we will review HitBTC, a cryptocurrency exchange that offers high liquidity and access to the largest cryptocurrency collection in the industry. HitBTC supports almost 800 different crypto assets on its exchange. However, the exchange doesn’t accept fiat deposits.
It is off course possible I made a mistake when saving it, but regardless, they should provide help to let me reach my funds. Yes, exactly to sue their company in the Seychelles. There are not many of us yet, but the group is growing. They expect a good amount of people will never be able to complete 2 FA recovery. It’s a lengthy process, and their support is slow to answer.
HitBTC Review: Pros and Cons
HIT is an ERC20 token with a maximum supply of 2,000,000,000 tokens. It is designed with incentives set to facilitate the demand for the token through a built-in deflationary mechanism – HIT monthly burns. The launch of the new HIT token is geared towards enhancing the overall users’ trading experience, developing the HitBTC platform, and growing its community. Holders of HIT are granted exclusive benefits including up to 45% discounts on trading fees, low commissions for HIT trading pairs. HitBTC is a leading European bitcoin exchange which provides cryptocurrency trading services to institutionals, merchants and individual traders worldwide. The trading platform was founded in late 2013 and is under operation of Ullus Corporation.
According to their website, Hitbtc is located in Hong Kong, with their offices in Chile too. The postal address of Hitbtc is Unit 19, 7/F., One Midtown No.11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong. Go to the Hitbtc login page to log in https://forex-review.net/ to your account. It has a mobile app for both Android and iOS versions of smartphones. Maybe but technically, we’re not even suppose to have a Hitbtc account. I’d be careful in how much you keep there cause they can technically, take it away from us.
To maintain the integrity and differentiate accounts, HitBTC provides three levels of accounts – General, Verified and Qualified. The more hitbtc exchange review information you add, the higher the verification level you reach. The higher the level the more will be the advantages you will get.
If you don’t see your favorite cryptocurrency on the list, you can always nominate it by clicking the suggest currency button. Market Maker contracts permit API traders to maximize their trading experience. The contracts are accompanied by cash incentives and rebate bonuses. Traders have the opportunity to add a new currency to the exchange if two users take Market Makers contracts to support the cryptocurrency on HitBTC.
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