Not only has it been one of the older, more respected exchanges, but they are also transparent, low in fees , and have a huge variety of coins. The disadvantages discussed are quite minor but they do serve as detractors for me personally to use it frequently. However, since they host over 480+ coin pairings, users can find and trade coins that they cannot find anywhere else. HitBTC does not support any fiat currency whatsoever, but it is possible to buy Bitcoin using a credit card. Credit card purchases are made through Changelly, which is a fairly reputable credit card-to-crypto purchasing service. You’ll need to enter your personal and credit card information, and then perform a secondary verification with Changelly.

• On HitBTC, this model is special as makers trading in large amounts are not only fully exempted from paying fees but are rewarded.
• They offer coins on good terms and overall their service is quite good.
• Consumers satisfied with HitBTC most frequently mention long time.HitBTC ranks 23rd among Cryptocurrency Other sites.
• Select “New API Key”.The next page will show your public and secret API keys.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

The digital currency trading platform comes with instant deposit capabilities that allow you to easily purchase coins with … Choosing a suitable cryptocurrency exchange is harder now as so many exchanges exist. HitBTC is widely known for its simple user interface and high-volume trading. It is a place where both newcomers and trading professionals will be able to trade with ease. In this in-depth HitBTC review, we will dig into the exchange fees, services, customer support, trading, and much more. However, when it comes to withdrawal fees, Binance turns out to be more democratic.

However, the support centre contains detailed, step-by-step articles and instructions on how to achieve certain functions, including deposits, withdrawals and other, more difficult processes. High liquidity and consistent trading volume improve the experience for both retail and institutional investors. We will say it now and we will say it again in this review, the user experience is a bit weak with HitBTC. It’s not bad, just not as great as we believe HitBTC deserves. With an exceptional trading engine, strong API, and long history in the crypto market, we see a great opportunity for their team to clean up the new customer experience and shine.

Exchange Fees

If a trader liquidates a trading position to attain the liquidation price, HitBTC levies a liquidation fee of 0.5% of the position value in the quoted currency. Following account creation, you must log in to your HitBTC account and make a deposit. While using a bank transfer to deposit funds, users are required to go through a lengthy verification process. 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.

Moving on in our HitBTC review, let’s look at some of the trading fees. The HitBTC price for trading is based on the “maker taker” model. HitBTC trading fees aim to narrow the spread on cryptocurrency markets and increase liquidity. The way the HitBTC trading fees model works is that “makers” add liquidity to the book and “takers” remove liquidity from the book. The HitBTC trading platform allows for both native HitBTC and TradingView charts, making analysis and trades much easier for clients. It also offers a programme where users can refer others using a HitBTC referral code.

Coinbase ProCoinbase

TrustPilot score and is doing much better than most other exchanges. Having said that, it seems that the company is suffering from long support response times and also withdrawal issues. Please keep in mind that when you trade on HitBTC, you don’t purchase assets directly from the exchange, but from other traders who are put up their assets for sale — the maker-taker model.

According to CoinMarketCap, HitBTC has become one of the best global crypto exchanges in terms of liquidity. The exchange offers a robust API, which the traders can use alongside their trading bot. Traders can easily buy and sell different crypto tokens using 800+ crypto pairs.

I haven’t used this exchange for a long time, and I am very glad that it hasn’t only not become worse, but has improved in some aspects. If we talk about the mobile app, then it has become at least more optimized and convenient. HitBTC has a consumer rating of 4.12 stars from 57 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with HitBTC most frequently mention long time.HitBTC ranks 23rd among Cryptocurrency Other sites. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

OTC Trading – HitBTC offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K). They have hidden monthly inactivity charges and you need to check whether certain tokens are even online or you’ll deposit just to pay an inflated withdrawl fee. I to thought I was smarter then the negative reviews, trust me it’s a cash grab. 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.

Continuing our HitBTC review, we’ll now look at cryptocurrencies in more detail. Cryptocurrencies are digital currencies that are based on blockchain technology. Well-known and the pioneer cryptocurrency, Bitcoin makes up the majority of trade volume across all cryptocurrencies.

All you need to do is navigate to the “Account” tab and select the cryptocurrency of your choice. Verified users can create sub-accounts that will help you to create different profiles for different trading strategies. Moreover, HitBTC organizes various trading contests, so you can measure your skills against other traders and climb up the ranks in its leaderboard. For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety. The Security section of the Settings menu also allows the user to see all logins to their account so that they can check to see if there’s an IP address and/or location they don’t recognize. And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs.

New users should read the latest forum discussions before trading. Past performance does not guarantee future results and the likelihood of investment outcomes are hypothetical in nature. One example https://forex-reviews.org/ of an exchange that drastically improved their user experience was Kraken. With recent updates to Kraken’s user experience, it has completely turned around the way users think about the exchange.

HitBTC Deposit and Withdrawals

If, however, you require just a specific conversion of the occasional fork or cryptocurrency, they will probably get the job done. Personally, I would choose Binance since I value reputation more than anything, however it really depends on your needs. HitBTC gets a mixed of positive and negative reviews online. It seems a bit odd to me that a company knows there is a technical issue on their side and instead of immediately reimbursing my balance, they just keep me waiting with no access to my funds. I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about.

However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable. HitBTC customer support team operates 24 hours a day and monitors the system operation page. Also, it offers the below options for the users to contact them through the below channels. HitBTC is available in almost all countries except Syria, Sudan, Cuba, the United States, Crimea, and North Korea. This trading platform has a wide global reach where the traders can access the platform from their country of residence. The above countries are barred from accessing this exchange because of regulatory provisions or financial restrictions.

The exchange doesn’t charge any fees for cryptocurrency deposits; however, there is a fee for placing orders and withdrawing funds from the site. HitBTC team members have designed the HitBTC platform with diverse types of users in mind, with various accounts for them to choose from based on their trading style. HitBTC is also one of the few exchanges to provide trading bots with a range of APIs to help advanced traders trade automatically. This exchange is good for traders looking for a wider range of digital assets and lower trading fees.

HitBTC Trading

Hope some goverment will stop this company because is a big shame. Yes, the HitBTC platform has mobile apps for both Android and iOS platforms. hitbtc crypto exchange review The HitBTC Android App and the HitBTC iOS App carry the same features as the HitBTC exchange platform with a more portable-minded service.

HitBTC Margin Trading

I have to say that is quite disappointing as no one will be there to help you in case you’ll be having any issues when creating your account, verifying your identity, trading crypto, and so on. Now, while HitBTC mobile app is available, it’s still in a development stage, meaning that the app is not stable and you might experience certain issues when using it. 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. To avoid that, it’s important to figure out how the platform works first.

The history of your trades on the particular market is available in the “My Orders and Trades” section. Be the first to put your crypto investments on autopilot with digital asset allocation that is customized for you. Before investing, consider your investment objectives and Shrimpy.io’s fees and expenses. After you sign up and connect your first exchange account, you’ll deploy an investment-maximizing strategy in as few as 5-minutes.

As the exchange is benefiting from such actions, it incentivizes traders to place limit orders via trading fee discounts. «Makers» pay less than «takers» — those who use market orders («take» the orders off the order book decreasing the exchange liquidity). On HitBTC, this model is special as makers trading in large amounts are not only fully exempted from paying fees but are rewarded. Those who trade BTC or more in 30 days receive a 0.01% reward. HedgewithCrypto aims to publish information that is factual, accurate and up to date.