Bitcoin Exchange

As soon as the deposited funds show up in your HitBTC account, you can make your first trade. On the top left side of the page, you will find an “Exchange” button. By clicking on it, you will enter into the main trading area. The page can look intimidating for users who have never done trading. Either enter the name of your coin on the right-hand side or scroll through the list and select the coin you want to buy. The only way through which you may make deposits in your HitBTC account is through bank transfer.

Together with several other old-school projects, HitBTC team has created a basis for the modern crypto-to-crypto exchanges as we know them today. Recently , HitBTC released a demo version of their platform. Using a demo account, users can try their hand at trading without risking any financial investment. They can trade simulated funds in order to get a feel for trading and educate themselves. At the same time, all the market data in the demo is the same real-time data from the real HitBTC exchange. Trading can be done manually or via the API – the test mode is as responsive as the regular exchange platform.

Deposit And Withdrawal Fees

Moreover, the exchange’s support team seemingly has no explanation for this development either. Mind that HitBTC’s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency. 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. Meanwhile, verified users fall into HitBTC’s tier fee system, which determines trading fees based on the user’s trading volume during the past 30 days. 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.

If the system detects you input a wrong format, it will inform you of an “invalid address”. In this case, please check your recipient’s address and withdrawal network, and make sure that the information your input is correct. For now, it remains unclear if this is a Tether or HitBTC issue. We do know the Omni developers added a feature for centralized issuers to freeze specific wallets. It is highly doubtful Tether would do something like that for HitBTC, though. At the same time, one can’t deny the possibility exists, even though it would serve no real purpose.

Not The Best Customer Support

HitBTC did not cover themselves in glory as they refused to provide any information about the incident. Many users complained of their coins being ‘lost’ on the platform, as well as delayed or no withdrawals from the exchange. The fees structure of HitBTC exchange is different and fairly competitive when compared to other exchanges out there.

• HitBTC offers robust security measurements and will protect your assets even if your personal details, such as account information and email address, are compromised.
• It might not resonate well with newcomers and first-time investors, but the interface is welcoming for the experienced.
• Let’s move further to find out whether or not the company manages to achieve its main goal and how good the services they provide actually are.
• However, unregulated anonymous exchanges in obscure locations do attract their share of critics.
• Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated.

You will see the amount you’ll get in your HitBTC account for your fiat payment. Our partner services Moonpay, Mercuryo and Banxa provide a fast and secure way to pay for crypto using a regular credit or debit card, or ApplePay.

Hit Btc Introduces Deposit Charges To Deal With High Bitcoin Fees

Please check the most updated fee listed on each withdrawal page. Most cryptocurrency users are concerned over the USDT issue. With so many new tokens in circulation and no independent audit, things have become very dubious. TO make matters worse, it now seems HitBTC users can no longer move USDT either. Withdrawing is impossible and trading with this “altcoin” is very spotty.

Users can find more information on API and API documentation on the website. Hitbit only offers below average number of markets; however HitBTC has a significantly above average number of tradable pairs. Concerns for HitBTC include past hacks and a lack of insurance in the case of a future hack.

Bit Review 2021

Also, FIAT limit would be $10,000 per week and $50,000 per month; for deposits and withdrawals. Using a starter account, the trader can start trading immediately, keeping in mind that it is limited to cryptocurrency deposits and withdrawals. The limits are set to 1 Bitcoin daily and 5 Bitcoin monthly withdrawals that do not need verification. As per our HitBTC review, the traders can buy and sell several cryptocurrencies using more than what is hitbtc 800 cryptocurrency pairs. This exchange offers a wide choice of cryptocurrencies that can be used for trading, and it is one of the leading exchanges to enlist several emerging projects. At first glance, it is easy to see why HitBTC is responsible for some of the largest trading volumes in the crypto exchange industry. Not only does the platform support more than 300 coins and over 800 trading pairs, but fees are highly competitive.

• One cannot deposit any money before providing the requested personal data.
• The next step is to indicate the country of your residence, full name, and the phone number.
• All you do at HitBTC is perform nice trading without spending time on stupid routine.
• Many users online seem to complain about forced know your customer checks when withdrawing funds, so a good practice would be verifying your account before starting to trade on HitBTC.
• If someone would have accepted to buy 1 BTC from Bill for USD 10,500, then Bill would have been charged the maker fee and the relevant buyer would have been charged the taker fee.
• While this includes a direct bank transfer, the platform does not support debit/credit cards or e-wallets.

Provide your email address and create a password to sign up. Complete the ID verification process and don’t forget to enable 2-factor authentication before you start trading. In terms of trading fees, market takers are charged a very competitive 0.1% fee while market makers actually receive a 0.01% rebate.

How Many Coins Do Hitbtc List?

In the “Amount” box, enter the amount of cryptocurrency you want. After that, click on the green “Buy Limit” button to complete the trade. After this, you will see the unique deposit address of the coin you selected. Click on the “Copy” blue button to copy the wallet address to your clipboard.

It is intended to be used by coders, developers, technically-skilled traders, data-scientists and financial analysts for building trading algorithms. There are far better options available to both retail and enterprise grade crypto asset traders and investors.

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.

Mobile HitBTC give you access to view your balances, opened orders, trading and transaction history. An extensive knowledgebase comprised of articles about all HitBTC platform features. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. Once you reach tier 8, that is trade 50,000 BTC per month or more, HitBTC will start paying you a rebate of -0.01% per every completed trade. HitBTC remains one of a few exchanges that hasn’t been hacked before. Once your funds reach HitBTC, you will see a pending transaction at the bottom of the Account page, in the “Latest transactions” corner.

Fee Structure

It also values users’ data and privacy and is entirely GDPR compliant, as you can delete your data from the exchange at any time. One of the more notable rumors surrounding the exchange includes the 2015 hack of BTER and Excoin exchanges. HitBTC also went offline at the same time, but never acknowledged any losses or that it experienced a security breach.

Author: Felipe Erazo