For most companies, products, assets, and services, the path to the top of any respective industry is usually not a straight one. Unfortunately, due to the heavy focus on the infrastructure and technology for their spot market trading, HitBTC hasn’t yet launched services for margin trading or lending. While this isn’t an issue for many traders who only engage in spot market trading, those more advanced traders will be looking for access to additional types of markets. One example of an exchange that drastically improved their user experience was Kraken.
- It’s important to note that FIAT transactions are not available for the general verification tier.
- Captain Altcoin is made up of investors and digital currency enthusiasts.
- Otherwise, trading services may not be able to execute trades for your portfolio.
- In addition to international customer support, HitBTC prides itself on providing 24/7 customer support.
- With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.
- The exchange claims to have a terminal built on the best technology that lets you trade effortlessly on any of the available trading pairs.
Usually, one such issue should not be taken as a token for exchange credibility. In cases, where you want to recover the HitBTC password, Visit the HitBTC Login page and then Click on the “Forgot Password” option. Then enter your personal information and user id after which you can reset your password. Captain Altcoin is made up of investors and digital currency enthusiasts. You can also be an affiliate with HitBTC, which means that you can earn through your referrals!
You can whitelist the addresses to which your funds can be withdrawn. This means that even if your account and email are compromised, you stay protected. 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.
More Exchange Reviews
Choose the right kind of cryptocurrency exchange for daily trading volumes and HitBTC lists several hundreds of crypto coins with highly competitive fees. HitBTC offers a comprehensive and stable crypto exchange that is suitable for intermediate and advanced traders. The best features include a sophisticated platform with 519 listed coins against 10 trading pairs including BTC, USD, ETH, HIT, USDC, DAI, TUSD, EOS, BCH and EURS.
If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. There are no maximum deposit or withdrawal limits mentioned on the HitBTC website. There are daily backups of everything, which are distributed all over the world servers. HitBTC is where both beginners and trading professionals can trade with ease. The platform was built on top of modern technologies for providing service that is fast, secure, and reliable. After joining the program, you can withdraw your earnings as they reach 0.01 BTC, and check out your Main account balance. HitBTC manually approves every withdrawal which exceeds 0.05 BTC.
Metatrader 4 Platform
HitBTC works 24/7 and hosts hundreds of trading instruments including Bitcoin, Ethereum, and all the top altcoins; there are 1070 trading pairs available on HitBTC. By this measure, HitBTC holds the fourth position on the entire market. HitBTC has a good reputation as a place for professional traders, but negative reviews abound. Users have complained about everything from support to withdrawal times to lack of location transparency (are they in London or Hong Kong?!).
You can see the correct permissions have been marked, the status is “ON” and the API Secret key is now hidden since it has already been shown. Unlike many other exchanges, HitBTC has placed its bets on providing a world-class API. This has placed their UI as a secondary development to the API. Although there is muchnot to like about the HitBTC platform, one its strongest attributes is its extremely low fee structure. The value of digital currencies can go up or down frequently. As with any asset, the values of digital currencies may fluctuate significantly.
Customer Support And Review
While our site will provide you with factual information and general advice to help you make better decisions, it isn’t a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you’re unsure about anything, seek professional advice before you apply for any product or commit to any plan. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
There is a minimum requirement for a withdrawal of your affiliate commissions and that is 0.1BTC. Another exciting feature on HitBTC’s platform is OTC trading.
The fees are based on a tiered system that rewards users that trade with higher volumes. In short, the default trading fee for HitBTC is lower than popular trading exchanges such as Binance, FTX, Huobi and Coinbase Pro. If you’re thinking of using HitBTC to buy and sell cryptocurrency, be aware that the platform has received a host of negative user reviews online. Reviews on BitTrust and CryptoCompare cite issues such as slow withdrawal times, accounts being frozen for no reason and a lack of responsiveness to customer support requests. HitBTC exchange allows users to experience real-time professional trading without depositing a single cent. This is possible thanks to the exchange’s demo account system, which provides free access to most of the platform’s services. Designed as an educational and training platform, users can seamlessly try out new strategies or cryptocurrencies without exposing themselves to any risks whatsoever.
While such a verification process is quite regular to all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. Regular users pay a fixed amount – 0.1% maker hitbtc review fee and 0.2% taker fee. However, what you should know is that the higher amounts you trade, the lower your fees will be. This is one of the most common security features when it comes to top-tier crypto exchanges.
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Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. 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. They have had DOGE withdrawal disabled for some time now, whilst the cryptocurrency is sky rocketing. It is also trading much lower on this exchange which – if they were malicious – would allow them to trade internally then sell it on another exchange.
A very few were able to keep up with the pace of demand and innovate themselves to stay relevant. HitBTC exchange has a high end cold storage wallet to protect users’ funds stored on the exchange. On HitBTC, “Takers” are charged with a 0.1% fee from the trade. “Makers” are not charged with a fee, and instead receive a 0.01% rebate from the trade. After 100 BTC volume, the maker fee drops to 0.08%, and after 1,500 BTC the maker fee is canceled while the taker fee stays the same. The problem with hitbtc are the withdraw fees, to withdraw utrust tokens I need to pay 100$ in fees.
Review & Ratings
This review of Bittrex vs. HitBTC will help you decide for yourself. Cex is a popular trading platform known for its high level of security and worldwide coverage. If you’re looking for an exchange that accepts credit cards, this one is it. Competitive commissions, margin trading, and transparent compliance are all reasons for choosing this platform over HitBTC.Read our Cex.io Exchange Review. This European-based exchange is a favorite among professional traders.
Hi there, please do take the time to both review and respond to Support’s reply where they provided instructions on how to proceed with your case.
— HitBTC (@hitbtc) December 2, 2021
68% of retail investors lose money when trading CFDs with this provider. Hitbtc has never been hacked before, besides some sources saying otherwise without any proof regarding security. However, there are a certain number of complaints about users being hacked. There are chances that such an accusation may or may not be accurate. After HitBTC signup, it forces users to activate the 2FA because some features won’t be available for others without it. Receive the latest news about our cryptocurrency education courses, events, and guides. Some users have even started a petition against the low-level service HitBTC is supplying.
Hi there, while we don’t currently have an ETA the Technical Team is in the process of upgrading the system to bring new features and imrpove existing functionality. You can review the status of all coins and tokens via the System Monitor page: https://t.co/hYqrVrMl7Z
— HitBTC (@hitbtc) December 1, 2021
HitBTC provides various good features, one being an API that third parties can use on their sites, however where it does fall short is having a dedicated mobile app. Not many exchanges do have them but the larger ones like COinbase do, we think HitBtc is closing in on that territory. Not having an app does make the user-base limited, with users either having to use their mobile web-browsers or desktop to access the website. The HitBTC exchange supports and accepts Fiat currencies to buy cryptocurrencies. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are also the lowest. As a result, HitBTC always has many supporters who are happy with its services for which it is highly recommended.
One might ask why in the world should we provide any personal data? Privacy is just a tool of protection, but many cryptocurrency exchanges use a different tool — a Know Your Customer procedure. Another trading feature available on HitBTC is OTC trading or “over the counter” trading, which means high-volume trading that doesn’t show up in the order books. In OTC the traders make a deal directly without affecting the market price of the asset. The trading fee for OTC is 0.1% and the deals should be worth at least 100,000 USDT .
Author: Samantha Yap