HitBTC Exchange Review 2021: Withdrawal Fees & Trading View
Also, there is no proof that this platform has been hacked which shows strong security. It offers several measures to maintain the data and ensures that traders use two-factor authentication. Also, HitBTC users are prompted for a password when a new account is created for security reasons. If users want to trade with HitBTC, they can get a combination of crypto-to-fiat and crypto-to-crypto currency pairs. This exchange offers various digital currencies that include some of the most popular and leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc. When the deposited funds are added to the account, the user can make a trade.
HitBTC is said to be a Hong Kong based cryptocurrency exchange established in 2013 by a group of finance professionals and technical specialists. It describes itself as the world’s most advanced cryptocurrency exchange. HitBTC is a centralized exchange that allows trading of HitBTC Review a wide variety of cryptocurrency, including most major altcoins. One of the categories that separates HitBTC apart from most exchanges is its number of available currency options. As of November 2018, there are over 200 different cryptocurrencies available on this exchange.
Is HitBTC safe?
HitBTC is one of the popular cryptocurrency exchanges which is preferred for trading platforms that US traders cannot access. According to its official terms of use, the USA residents are not permitted to use the service, which also includes other jurisdictions within the USA. When it underwent the designing phase, the emphasis was solely laid on simplicity and easy to use interface for its users. One of the most important features of HitBTC is that it offers different types of accounts for traders to choose from to match their trading style. Read more in detail about the cryptocurrency exchange in Indonesia here.
- However, any attempt to withdraw funds will trigger an immediate ID verification requirement.
- The MT4 software can be run on your desktop, on an iOS device or on a Google Android.
- Once you’ve agreed to all terms and conditions your account is active and ready to go.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- Signing up is pretty straightforward, besides I verified my identity and saved myself all the potential hassle.
- However, it doesn’t offer any fiat, so there is no way for you to link your account, which further implies that only cryptocurrency withdrawals and deposits are supported.
- The only deposit fee is for Bitcoin, .0006 BTC per deposit.
This will take you to its fiat purchase processor to allow you to buy Bitcoin using your money. HitBTC allows a range of advanced limit based trading techniques. This lets traders put a significant date and value limits on their transactions in pursuit of advanced strategies. As mentioned in the fee section, HitBTC supports a maker/taker trading setup.
We are looking for more people to go lawsuit against HitBTC
In a nutshell, regardless of how much you trade, you will always pay 0.01% in trading fees. For example, if you bought $5,000 worth of crypto, and then sold the same $5,000 worth of crypto, you would pay two lots of $5. 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.
HitBTC has an awesome Rest & Streaming API interface, providing programmatic access to the exchange’s trading engine. The company is based in the Seychelles, and although not much information is available about its team, we expect that over a dozen people are involved with the operations of HitBTC. Don’t trust this exchange ton of user been scam by them
I am one of the victim transfer tokens to exchange but never hit my account
At etherscan show, the transaction is a success. The account manager kept ignoring when i wanted my withdrawal, they refuse to let me withdraw but want me to put in more money. I was advise to opt out fortunately i read about an expert on a forum that can help with refund. I reached out to Markkcoy via (telegram) and i amazed how they made the best out of my situation…
Supported Countries
On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within HitBTC, the lower the fees. The withdrawal fees will vary from token to token, and you can see the full list for yourself once you have made an account. Still, there are users who have complained about higher withdrawal fees, which you can even check for yourself when you go to sites like Coinmarketfees.
- Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading.
- Another issue is that sometimes certain coins are “stuck” in the exchange due to technical issues.
- What happens is they advertise you dont need to KYC if you withdrawal less than 1BTC.
- 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 answer here will be similar to what has already been discussed so far. Still, it does offer a couple of security tools that may warrant some discussion. For instance, there is 2FA, the ability to terminate every session and automatically https://www.tokenexus.com/ log out, among others, which can secure the funds in your account. According to platform official sources, HitBTC is operating under the parent company name of HiTech Digital Business Ltd., registered in the British Virgin Islands.
NowHitBTC-eth.net is infringing on the real HitBTC and should cease operating using the HitBTC.com name. Other negative comments could be against HitBTC-eth.net and not HitBTC.com I certainly don’t know. To keep your account active, you can initiate any type of transaction with any coin available on the platform, not necessarily DOGE withdrawals. HitBTC’s API is robot-friendly; the trader can use the trading bot.
It was started with the goal of creating an advanced trading platform for professional traders. HitBTC has a long history for a cryptocurrency exchange, and there’s a lot to like about it. It has a well-designed and highly responsive interface that offers advanced trading features on a wide variety of cryptocurrencies. Its overall security is robust, trading fees are low, and its volume is quite respectable. HitBTC does tend to have competitive trading and withdrawal fees as well as an abundance of cryptocurrency trading options. Nonetheless, there are a lot of issues that the exchange should address.