Contents
Otherwise, trading services may not be able to execute trades for your portfolio. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates. The exchange is relatively simple to use; however, it’s best suited to more experienced traders. Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits.
Perpetual futures are less risky traders can use small amounts of money for hedging the market. More than that, the futures contracts use isolated margins. It allows traders to change the asset used as collateral for open positions. Supported currencies are BTC, ETH, TRX, BCH, ADA, DOT, SOL, EOS, AAVE, MATIC, XLM, UNI, LTC, and HIT. In the summer of 2020 HitBTC has launched a margin trading feature.
I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins. That’s not to say their entire exchange is the most advanced. We know there is a lot of potential behind HitBTC, so we hope to see some exciting news in the coming years with UI updates. Combining each of these individual components, HitBTC features a holistic trading experience that makes you feel right at home.
To exchange funds, you should go to the «Exchange» tab on hitbtc.com website. Here you can conduct transactions with many virtual currencies, such as Ethereum, Dash, Bitcoin, Litecoin, etc. HitBTC is an exchange for the experienced cryptocurrency trader interested in trading altcoins.
App Privacy
It took a while for them to answer, though everything was solved later… My advice is to have enough patience in case the support is too busy answering other questions. However, in the last quarter of 2017, a lot of new exchanges rolled out and that changed the complete landscape of crypto exchanges. A very few were able to keep up with the pace of demand and innovate themselves to stay relevant. For many currencies, HitBTC added a rule for many coins to be traded in the divisible of 10 or 100.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. However, unregulated anonymous exchanges in obscure locations do attract their share of critics. As a result, a mysterious exchange like HitBTC will always have many supporters who are happy with its services, as well as numerous critics who are disappointed with its lack of transparency. Besides basic verification, professional traders might want to upgrade their account to PRO status using HitBTC’s UK-based partner Bequant Technologies.
It does however not offer deposit via fiat currencies (wire transfer or debit/credit card). However, you can buy bitcoins using your Visa or Mastercard via service provided by Changelly that is built-in the HitBTC account. As HitBTC offers wire transfer as a deposit method, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies. HitBTC has mixed reviews on reputable review websites such as Trustpilot. The exchange has an overall rating of 2/5 stars which is ‘Poor’ based on 1,934 customer reviews. The most recent comments relate to missing deposits, poor customer service and frozen funds.
To represent the data of Binance vs HitBTC comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs HitBTC main metric comparison at a glance, take a look at the general overview table below. Hitbtc hitbtc crypto exchange review is most secure exchange till now as of my experience. To initiate a transaction copy and paste your wallet address at a third-party service. Trading is not as easy as it might seem in the first place. If you haven’t done that before, you could make trades that would bring you huge losses.
HitBTC Review: PROS
Please note that KYC is a standard routine procedure for the industry, designed to comply with international AML requirements. Our goal here is to ensure the safety of the traders’ funds and establish their rightful owner in order to prevent possible fraudulent attempts to claim them in the future. As you can see from their response below, copy paste excuses completely missing the point. The original account setup KYC was done through a secure online portal.
Huobi provides twice as few trading pairs as HitBTC, however, the latter has a smaller trading volume. Nevertheless, HitBTC’s liquidity is nearly matching the one of Huobi Global. At the moment, in the ranking of trading floors with the largest daily trading volume, HitBTC is among the top 50 best exchanges. The total trading volume of the exchange for 24 hours is over $3 billion.
Advantages of Using HitBTC Exchange
Moreover, HitBTC organizes various trading contests, so you can measure your skills against other traders and climb up the ranks in its leaderboard. Hi there, we’re happy you’re satisfied with the platform, we always aim to provide users with a wide range of crypto assets. Please note it’s the user’s sole responsibility to ensure that their national laws allow you to use HitBTC.
This process needs a secure online portal or ticketing system for uploading such sensitive documents which can be used for identify theft. The Ullus Corporation has managed and operated the HitBTC trading platform since its foundation in 2013. Thanks for sharing your experience with me it was really helpful , i have been able to withdraw my money as well. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. As soon as everything set up – click “Buy Limit” – an order is created.
- Using it, you can buy cryptocurrency instantly with your bank card and send it directly to your HitBTC wallet to start trading immediately.
- The HitBTC Android App and the HitBTC iOS App carry the same features as the HitBTC exchange platform with a more portable-minded service.
- Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits.
It owns Hit Token an ERC20 utility token created by HitBTC. Self professed as “the most advanced cryptocurrency exchange”, HitBTC was founded in 2013 and is widely known for providing access to over 800 currency pairs and 500+ spot instruments. This HitBTC review looks at its pros and cons and whether it is worth using. Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading. It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of HitBTC team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment.
HitBTC provides its services on the Terms of Use, and every trader must read and accept them before starting to use our platform. We can not provide service if it’s against the Terms of Use. The whole company is just created with the purpose to scam. As many other users I got all my balance taken because of Terms of Service (paragraph 17.4). Well this TOS was updated in 2022 and never got any notice.
Checking if the site connection is secure
They’re wanted by the authorities in the country they claim their business is in. They make their site look legitimate by letting smaller users complete most transactions while freezing larger accounts for reasons. I myself gave them my most recent auth code, the alternate code, my password and all from the email I used to sign up. That’s literally everything you can possibly have to get your account back. As for reviews… Those who post bad reviews also could be trolls.
As soon as you click on both currencies, the page automatically refreshes and displays information on the selected pair. No restrictions – Approval authorized by FCA means that https://forex-reviews.org/ there are no restrictions on deposits or withdrawals. The team anonymity and the lack of clearness about the headquarters location make some individuals distrust the platform.
However, there are many complaints about their services, with users claiming they lost money on HitBTC. There are even rumors of it being a scam, but it is more likely that the team couldn’t keep up with the number of users and transactions. New users should read the latest forum discussions before trading. The exchange does not charge deposit fees for depositing cryptocurrencies.
However, the website definitely states that the Hit Tech Solutions Development is based in Seychelles and the exchange has its rep office in Chile. The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total.
Supported Countries
The most recommended cold wallets include Ledger and Trezor. The reason why they’re so secure is because your private keys are stored offline. You can choose from more than 380 cryptocurrencies and over 800 crypto pairs. That being said, even if you’re a fan of less popular coins, the chances of finding them on HitBTC are truly high. 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. HitBTC supports almost 800 different crypto assets on its exchange.
After doing this, you’ll get a verification email and after verifying it, your account will be activated. As mentioned earlier, you don’t have to go through an exhaustive verification process to trade on this platform. HitBTC claims to have an advanced trading terminal for experienced and professional traders. On review of the HitBTC layout, the charts are easy to use but lack basic features for technical analysis.
It has many features for crypto exchange, which is great if trading is your daily work. Trying to figure out how to use Kraken may take more effort than it’s worth since easier-to-use platforms are available. HitBTC exchange is considered more intuitive for both an experienced trader and a beginner.
In the chart, the users should choose a currency they want to trade from the list. As soon as they choose the currency, the page refreshes automatically and shows the information about the selected trading pair. HitBTC offers numerous trading pairs for trading crypto on HitBTC with leverage.