Mind that HitBTCâ€™s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency. You will need to create a separate account for the demo platform. 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. In 2017 and 2018, many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals. At the same time, itâ€™s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchangeâ€™s current ownership.
After you have created a profile on the exchange, you must enter funds on it to start trading. It increased the precision of the data displayed on HitBTC and opened better opportunities using API. More than that, the TradingView users now can manage their trades via HitBTC. HitBTC takes first place in the global cryptocurrency market in terms of liquidity . The Markets tab shows an overview of the market, the market spread, market depth, and the market activity. The Overview gives high level metrics such as past 24hour volume, % changes, last price, highest and lowest prices within 24 hours for each coin pairing.
Combining each of these individual components, HitBTC features a holistic trading experience that makes you feel right at home. Throughout the rest of the review, we won’t have too many other negative points to hammer on, so if you’re looking for something negative to believe about HitBTC, this is about it. Let’s take a walk through the UI and break down the different aspects of the user experience.
Like many other exchanges, HitBTC does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Filters to find an appropriate exchange accepting US-investors. The data represented in this Binance vs HitBTC crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts.
I have used this cryptocurrency exchange several times, so I am happy to share this is a safe way to buy or sell cryptos. First of all, there are a lot of cryptocurrency assets on the exchange, so almost everyone will be able to find what they wanted. Of course, I mentioned security not by chance, because I have been using it for many years and I haven’t had any problems with my account. By the app itself, we can say that it is very fast, that is, there are no friezes or glitches during operation.
Competitive Trading Fees & Rebates
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The articles and client support materials available are educational only and not investment or tax advice. Whether you create your own strategy or follow a premium community leader, we believe the power to automate belongs in the hands of every crypto investor. Each day Shrimpy executes over 200,000 automated trades on behalf of our investor community. All-in-all, HitBTC has done an exceptional job building a lasting business.
Shrimpy and its partners are not financial advisors and do not own or guarantee the success or failure of ANY exit strategy/plan displayed or developed on the Shrimpy app. 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. HitBTC has one of the largest selection of cryptocurrencies with 887 live trading pairs on the exchange.
If HitBTC can pull off a UI update like Kraken, we have no doubt they will secure a long-term position as one of the leading exchanges. It is time for HitBTC to consider delisting some of the assets which have stagnated. They neither provide value for the exchange, nor the users who are building portfolios and becoming confused by the different unknown cryptocurrencies. The APIs provide a way for developers to execute high frequency, algorithmic, and real-time trading strategies.
HitBTC Trading fees
The exchange does not charge deposit fees for depositing cryptocurrencies. However, withdrawal fees vary according to the cryptocurrencies you want to withdraw. The exchange provides a demo account for new users to get used to the platform. With a demo account, users can trade without fear of losing tangible assets.
Usually, one such issue should not be taken as a token for exchange credibility. Another issue that a lot of users wouldn’t realize until they trade. There is also no mobile app offered by HitBTC, and their roadmap is nothing to be talked about. 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.
HitBTC exchange has an affiliate program in place through which traders can earn money by referring others. It provides numerous incentives to its affiliates, resulting in a high passive income. 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.
There are several account types, and bigger volume traders have to provide additional documents to get trading limits removed. To conclude, the HitBTC exchange is one of the market-leading crypto exchanges that offer security and several features. Some of the features are lower fees, robust security measures, and advanced tools for seasoned traders. For trading, it is important to choose a good crypto exchange, and HitBTC checks all the boxes of a great crypto exchange. Lastly, it can be used easily by beginner traders as it offers a demo account to practice trading.
I lost all the money in my account because of a hidden inactivity fee
Their platform is pretty good, especially given the good commissions and exchange rates. They have an impressive amount of coins, and the platform allows you to purchase cryptocurrencies in the right quantities with great convenience. I have full confidence in this service, and I am sure that they are doing their job well.
- It is a regulated company with headquarters in San Francisco.
- Nevertheless, HitBTC exchange is open about its official location.
- Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity.
- Even if we consider that the 2022 market is mostly sagging, it will be a pleasure to deal with this platform.
On the right side we can also access interesting information, such as the estimated value in BTC of the deposited funds and the available balance. At the top HitBTC has a menu from which we can access its different services. 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. Scaled – Scaled order – a set of several buy or sell orders, which is automatically distributed between the user-defined price range . The amount may have a flat, upscale, and distributed scale.
Help & Support
In this situation, itâ€™s best to go with your gut feeling and remember the golden rule – never trade more money than you can afford to lose. The exchange team typically responds within https://forex-reviews.org/ 24 hours, but, in my experience, the resolution of some issues may take several weeks. Trades might also be happy to start using the HitBTC mobile app for iOS and Android devices.
How to Use HitBTC Cryptocurrency Exchange?
Well, fortunalely neither me nor my fellow traders became the victims of HitBTC’s action of blocking the funds. I mean, could it be possible that those traders made some serious mistakes or used the exchange for some so-called criminal actions? Avoid Hitbtc, there are dozens of other decent exchanges, make your own research and don’t let positive reviews fool you out, they could be fake.
HitBTC requires you to go through the steps described above to have an upgraded account. The account offers several advantages like two-factor authentication, low fees, and the ability to restore access to the user account if passwords are forgotten. The first step in this HitBTC how to trade guide is creating an account by visiting the HitBTC website. You should then receive an email, containing a link to activate your account. Once this link has been followed, your account is now active and you can begin trading.
The supported currencies include USD, EUR, GBP, SGD and INR which can be deposited via credit and debit cards, Apple Pay and Google Pay. HitBTC will display the best payment provider based on the amount of crypto received after taking into account the rate and fees. HitBTC is a serious crypto trading platform that offers advanced spot exchange, margin and Futures contracts.
HitBTC is a global trading platform with multi-currency support, operating since 2013. HitBTC is a European Bitcoin exchange that started its project with 6 million received as venture capital in 2013 in Hong Kong. This platform offers its services globally without any restrictions. Although not to much came out about it in the press, users were vocal of their displeasure on online forums and review platforms.
The prices are suggested by the sellers, not by the exchange. I have been trying to do a withdrawal and everytime, I am given some fee to pay. They refuse to deduct the fees from my balance stating that during withdrawal period, my balance is immovable. I am only withdrawing a few coins and have a decent balance.
As I discover an exchange worth sharing, we share it with the world. At the same time, if I discover an exchange with a business practice not matching the growth, I warn all my readers and give them hitbtc crypto exchange review alternative options. However, the negative reviews about HitBTC mostly mention its poor customer support and slow withdrawals. HitBTC footerYou must create a different account for the demo platform.
Users can choose between crypto-to-fiat and crypto-to-crypto currency pairs. When the deposited funds are added to the account, you’re all set to start trading. You’ll be directed to the trading area after clicking the exchange button.
That being said, it’s recommended to wait for the app to be completely developed in order to have a full experience. People aren’t blind and everybody have access to internet….reported volume is still showing Hitbtc in the 12th Rank…. Take my advise and don’t keep your money in an exchange, alternatively you may external wallet which is controlled by you and not an exchange. There are some disadvantages in this exchange, but all in all it is not bad.