This exchange offers various digital currencies that include some of the most popular and leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc. HitBTC’s API is robot-friendly; the trader can use the trading bot. The HitBTC platform is friendly to users who are involved in creating trading bots. The robot-friendly API of HitBTC uses low-latency data for the cryptocurrency market. Users can find more information on API and API documentation on the website. HitBTC is a European Bitcoin exchange that started its project with 6 million received as venture capital in 2013 in Hong Kong.
- For the trader wanting to make trades of 100,000 USDT or more at once, without the need of using the public order book, HitBTC offers their Over The Counter (OTC) Trading.
- As you can see it’s quite hard to figure out what’s the exact location of the company’s headquarters.
- At this point, you may view a message warning about network instability or overload.
- Many cryptocurrencies that aren’t available on other popular exchanges can be found on HitBTC.
- After you know this, it’s easy to understand the user interface functionality.
- At its best, HitBTC was an intuitive and reliable exchange, allowing users to trade some of cryptocurrency’s most popular assets (Bitcoin, Ethereum, NEO, and many many more).
The history of trades is available in the “My Orders and Trades” box. There are different opinions on the location of HitBTC headquarters. In the ‘Contact’ section https://forex-review.net/hitbtc-review/ of the HitBTC website, the company specifies two addresses (Chile and Seychelles). Nevertheless, some sources name Denmark and Estonia as the residence of HitBTC.
HitBTC Review 2024
Therefore, due to its high liquidity, the platform creates low transaction fees. Also, on the HitBTC exchange, there are such coins that are not on other top sites. This makes the platform unique, and traders receive additional liquidity. There are many users of HitBTC complaining that their money was stolen from their accounts. The company is silent on this issue and it seems suspicious to the majority of the users. For a cryptocurrency exchange, online reputation is very important.
How do I Withdraw Money from HitBTC?
We really appreciate the positive feedback that dispels the common misconceptions about our platform. May the curse of God and the whole universe be upon you for doing this to your fellow man.One day you will answer all these thefts.I ask God to bring that day closer. https://forex-review.net/ Furthermore, the daily trading volume is showing a 0.00% change from the previous day. One thing to note here before withdrawing funds is that you might have to enable 2FA for it. Then make sure that the token you want to withdraw is stored in your wallet account.
You do not have to go far to find numerous complaints online about their slow response to customers. This is probably compounded by other accusations that they traders have been unable to withdraw coins or having funds missing when making transfers. HitBTC has teamed up with Weltrade to offer cryptocurrency traders an alternative to the HitBTC web platform. You would have to sign up and create a new account with Weltrade in order to start trading with the MT4 software. For issues that require users to email the support team, there have been complaints online about very slow response time (taking weeks and even months before an issue is resolved).
How to sign up and trade on HitBTC
Even if a hacker manages to breach your email and attempts the withdrawal, HitBTC will block it. As a precaution, users can choose how long their account should remain active before automatically logging them out (30miutes, 1 hour, 8 hours, 1-7 days, or never). Users in the US should verify the availability of HitBTC services in their region and ensure compliance with local regulations before attempting to use the exchange.
BitFlyer Exchange Review: The Inside Scoop on Features, Fees, and Security
The trading fee for OTC is 0.1% and the deals should be worth at least 100,000 USDT (or 100,000 in other stablecoins supported by HitBTC). OTC on HitBTC is curated by the exchange partner Trusted Volumes. In order to deposit some cryptocurrencies, you are required to create a wallet address first. In the upper right corner of the website front page, there’s a “Deposit” green button. After clicking on it you choose the needed currency and click the “Fund” button.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Margin trading entails the payment of interest rates, that vary from 0.03% per day, up to 0.081% per day.
I’ve made good profits with it.If I had read the reviews here, I wouldn’t have joined them. I discovered that they are really legit and very sincere in all they do. The only thing is that they have their rules which you must follow just like in all other exchanges.
The OTC trading fees are higher than the usual trading fees on HitBTC. The OTC desk on HitBTC is provided in partnership with Extendeddealer.com. 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. Once your deposited funds show up in your HitBTC account, you can then make your first trade.
Anonymous trading is a nice touch, but fiat currency deposits/withdrawals take ages. 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. 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.
In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism. Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents dissatisfied with its lack of transparency. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. If, however, you require just a specific conversion of the occasional fork or cryptocurrency, they will probably get the job done. Fees can vary from 0.25% (standard taker fee) to -0.01% for extremely large orders .
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 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.