HitBTC Review: Scam Exchange? You Need to Know This

HitBTC Review

Whether HitBTC will be able to turn around has yet to be seen, but we recommend that everyone go to other exchange, like Binance, which can be trusted with their money. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Trades can also be pleased to learn that the HitBTC mobile app for iOS and Android devices is now available. The app is available on both the Google Play Store and the Apple Store. On this page, users can view key metrics for the system’s performance and availability, including live statistics of incoming/outgoing transactions.

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. This was slightly disconcerting for us as customer support is often one of the biggest sticking points as slow customer often really hampers client satisfaction. HitBTC offers a support center that features a variety of articles covering everything from ‘Account & Security’ to ‘Legacy & KYC’. A really interesting feature of HitBTC is their trading of ICO coins. HitBTC’s provides access to over 300 crypto currencies, including Bitcoin, Ethereum, Lite coin, Doge coin, Monero, and USDT.

Froze my funds

The team consists of software developers, finance professionals and experienced traders. For the most part public sentiment favors HitBTC for their simple user interface and high volume trading. However, like any exchange, HitBTC has its positives and negatives that have been expressed by numerous traders. 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. Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated.

HitBTC Review

This European-based exchange is a favorite among professional traders. Its vast instruments, extremely low fees (.1%!), in-depth interface, and anonymous trading make it an attractive exchange for seasoned traders. HitBTC allows you to trade as either a taker or a maker so you’ll have a few decisions to make. If you just want to buy a coin at the prevailing market rate enter in the amount you desire and press Buy.

Why is HitBTC so Popular with Traders?

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. When deciding which crypto exchange platform to use, there are multiple aspects to take into account. Since cryptocurrency popularity is growing you can find such a variety of platforms that allow you to buy, sell and trade cryptocurrencies. While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs.

HitBTC Review

If you want access to fiat and higher limits, verification is necessary. It isn’t easy, but it is well worth it for professional traders. First, navigate to the verification requirements so they are in full view. HitBTC HitBTC Review is extremely popular among traders for its low commission and favorable rebate offering. Basically, if you make an order that increases the liquidity on the site, you get a rebate of .1% on that transaction.

HitBTC Review: Pros and Cons

You’ll then be required to verify your email address by clicking on a confirmation email and signing in to your new account. The next step is to read HitBTC’s privacy policy and other user agreements. You’ll be required to agree to the privacy policy, user agreement, and mailing notice before you can continue. https://www.tokenexus.com/ After HitBTC signup, it forces users to activate the 2FA because some features won’t be available for others without it. This section is a step-by-step guide to registering, depositing funds, and making your first trade. Choose your favourite crypto coin and select a “Instant/Market Order” to buy it instantly.

  • You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
  • HitBTC has the stated goal of being the most advanced cryptocurrency exchange in the world.
  • If you deposit cryptocurrencies, you don’t need to prove your identity, and the funds will be available in your account in less than 20 minutes.
  • Meanwhile, verified users fall under HitBTC’s tier fee structure, which determines trading fees depending on the user’s trading volume over the last 30 days.

This was after repeated attempts by the trader’s mother to get her account unfrozen. However, it seems that in a follow up to the tweet HitBTC unfroze the account and allowed his mother to continue trading. These contracts have cash incentives as well as rebate bonuses. For those traders who like to code their own trading bots, HitBTC offers a pretty robust and efficient API.

Its overall security is robust, trading fees are low, and its volume is quite respectable. Since its creation, HitBTC has tried to set itself apart from other exchanges by the responsiveness, liquidity, and advanced trading features it allows. It markets itself as having the most advanced API in the cryptocurrency space and provides experienced traders with the most effective way to speculate in altcoins. Anyone who’s ever traded in stocks or other traditional securities will recognize HitBTC’s interface. It’s characterized by candlestick graphs and purchase history charts. HitBTC does tend to have competitive trading and withdrawal fees as well as an abundance of cryptocurrency trading options.

HitBTC Review

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