For a cryptocurrency exchange, online reputation is very important. However, the company has a negative cloud around it in terms of its online reputation. We’ll conclude this section of our HitBTC review with information on how to make withdrawals. The funds must be transferred into your main or trading account. Simply click on withdraw and enter the amount you’d like to withdraw.

  • Personal information, including name, address, country of residence, bank account, date of birth, and pertinent scanned documents, must be provided for adding or withdrawing funds.
  • By accepting our Terms of use before creating and using their account, every trader undertakes to complete this procedure should it be requested.
  • However, to work with cryptocurrencies you don’t need to undergo this procedure.
  • Overall, my suggestion for you is to use a better altcoin exchange that you can rely upon for support and one that lets you sleep in peace.

To conclude our review on HitBTC, the exchange provides a reasonable trading platform for Bitcoin and Ethereum traders. However, there are several areas of concern that need to be addressed to rival the larger exchanges. In particular, the user interface is outdated, lack of transparency on security measures and negative feedback on the customer support. HitBTC cryptocurrency exchange was established in 2013, permitting users to trade crypto along with numerous cryptocurrency pairs.

HitBTC Pricing

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 hitbtc crypto exchange review me it’s a cash grab. 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.

There must only be eight digits after the decimal point, otherwise withdrawals won’t be processed. Choose your destination address and enter it into the address field – this transaction cannot be reversed so make sure you have the correct address. Some coins may need a payment ID to withdraw – if this isn’t needed then that field can be left blank. Click on the ‘confirm withdrawal’ payment and wait for a confirmation email to arrive in your inbox. By following the link in the email, your withdrawal will be processed. To complete a HitBTC withdrawal, the coin needs to be held on the users trading or main account.

However, the fogginess surrounding company owners, licensing and lengthy withdrawal times is a cause for concern amongst clients. Overall, HitBTC reviews show it seems to be deemed as a ‘mid-level’ exchange, with pros and cons. It is trusted by clients but could also benefit from improvements to increase client satisfaction, including adding a live chat customer service feature. Three years ago, HitBTC futures trading became available on the platform, allowing an enhanced customer offering. Concluding this section of this HitBTC review, HitBTC has been given mixed reviews from real users and the general consensus seems to be that it’s not made for beginners. Due to the detailed nature of the platform, it’s more suited to experienced traders who are comfortable with terminology, charts and trading.

HitBTC LiquidityHitBTC is a high-liquidity platform that provides instant order processing and reduces transaction costs. 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. In the fall of 2016, a service was added that allows you to trade USD and EUR. The HitBTC exchange provides an opportunity to work even without registering.

Manuals for HitBTC

The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. As for the buy and sell window, traders can choose from 3 different ways to execute a position which include limit, market and scaled orders. The latter is unique to HitBTC which allows the individuals to configure multiple orders to be triggered within a pre-defined price range. This can be a useful tool to attempt to fill an entire position within a price range as opposed to missing out on a trade opportunity given the low liquidity on certain trading pairs. In the Account tab of the exchange , you can view your wallets. What is interesting is that they have a “Main Account” and “Trading Account”.

At the time of updating on 12th April 2018, the BTC withdrawal fees is 0.01 BTC. This is unacceptable as a majority of crypto exchanges have implemented segwit and now the withdrawal fees has gone down by a significant amount. Trading Platform – HitBTC’s main service is their trading platform. The platform supplies advanced trading feature, a relatively sleek UI and a demo mode for people who aren’t ready to risk real money trading Bitcoin just yet.

hitbtc crypto exchange review

If someone logs into your account from a new IP address, you’ll be immediately notified about that via email. CoinSutra was founded in 2016 with the mission to educate the world about Bitcoin and Blockchain applications. People aren’t blind and everybody have access to internet….reported volume is still showing Hitbtc in the 12th Rank…. Well, I would look forward to hearing your experience and review of HitBTC. With many new trustable and reliable exchanges, not to mention brilliant ones, out there, HitBTC definitely doesn’t fit the bill.

I’ve been using this crypto exchange for half a year already. It wasn’t easy for me at the beginning since the interface is made for professionals rather than newbies, but I got used to it eventually. As per our HitBTC review, the exchange platform can support Bitcoin, Ethereum, Ripple, Litecoin, Monero, and more. If the user wants to withdraw funds, they need to go to the account section, choose the coin and click the withdraw button.

The Reports tab simply keeps track of all of a user’s trades that were made from their account. It has an export function, so users can easily export their trading history onto a CSV (Excel-compatible) file which comes in handy come tax season. Download HitBTC exchange now and join over 1 million people who trust HitBTC to trade cryptos including Litecoin, Ethereum, Tether & many more.

HitBTC Demo Trading

If the account gets hacked, thieves won’t be able to cash out. On September 20, 2021, the exchange has introduced a new feature Perpetual Futures Trading. Perpetual futures have no expiration date so the opened positions can stay active for as much time as needed.

Green – how much crypto was bought, red – how much was sold. Order BookYour open orders are also displayed here along with everyone. In order to write in the chat, on the exchange you must have an amount equivalent to 0.01 BTC. TradingOnce you have transferred funds to a trading wallet, you can safely proceed to bidding. The next column automatically shows how much you will receive coins in fact, taking into account the commission. DepositA form opens with a QR code and the number of the generated wallet.

hitbtc crypto exchange review

The HitBTC team designed the platform with different types of users in mind. During its design phase, a lot of emphasis was on its interfaces’ simplicity and ease of use. As a result, one of the most important features of this exchange is it offers different types of accounts for different types of traders to match their trading styles. In our HitBTC review, we will discuss features offered by the exchange. HitBTC verification process is to ensure the platform conforms to the international Anti-Money Laundering and Know Your Customer regulations.

The other huge liquidity coins on HitBTC are Cardano with $330 million, Ethereum with over $200, XRP, and Litecoin. As of February 2021, the exchange supports 422 coins and offers 947 trading pairs. Recently , HitBTC released a demo version of their platform.

I usually don’t believe when I hear such claims but nothing is better than experiencing it yourself. Three months ago I created a ticket and even after regular follow-up, there has been no response from them. It instantly got coverage and lots of mentions all over the web including me.

The service appeared in 2012 and in the first two years managed to attract more than a million users. Informative official website, quick withdrawals, professional support managers, etc. – All these factors make interaction with the platform comfortable. A simple and understandable terminal has a lot of opportunities for effective work (orders, graphics, an order book, etc.). It will be convenient for both new market players and true professionals. It’s equally suitable for English-speaking users and those speaking other languages. It’s very convenient and greatly contributes to the company’s reputation.

Mobile App (Soon Available)

HitBTC exchange does not have a minimum deposit, which means you can start trading with small amounts before you get more confident. With the HitBTC mobile app available on Android and iOS, traders can trade on the go. The apps are available on the App Store and the Play Store. The exchange allows profitable buying, selling, and exchange of different crypto tokens as well as updates the general market situation around the world on the platform. Another positive point for HitBTC is the possibility of activating Two-factor authentication , which provides great security for users.

You’ll be directed to the trading area after clicking the exchange button. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. The HitBTC website features fundamental information and trading charts, along with the trading volume of each cryptocurrency.

Transactions get confirmed on blockchain hours after execution. In spite of the fact the HitBTC exchange happens to be a new trading and exchange platform for cryptocurrencies, it’s all geared toward achieving leadership positions in the market. Today the company is adequately represented among competitors. It has a successful development strategy, which focuses on providing high-quality, safe and unique services. HitBTC has one of the largest selections of markets available with 519 assets and 1083 trading pairs to choose from on the spot exchange. In addition to the spot exchange, HitBTC has a margin platform and Futures market to trade crypto on a platform with leverage up to 75x.

You can find more information on API and API Documentation. Depending on the personal monthly trading volume they enjoy the smaller fees as the volumes get bigger. Takers trading at the 1000 BTC level or more pay only a 0.05% fee. HitBTC provides its services worldwide without restriction.

HitBTC Review: Final Thoughts

The product is free to download, and the vendor takes a cut according to fee tiers that reflect the volume of trading that took place. More detailed information can be found on the product’s website, where you can also contact the vendor concerning any additional questions you may have. https://forex-reviews.org/ If you are looking for secure cryptocurrency exchange software that can house your coins in cold storage locations, you’ll likely want to consider HitBTC. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.

It constantly develops and never forgets about its duties to traders. The company provides safe and quality services for trading and exchange of cryptocurrencies. It ensures the stability of withdrawal and replenishment of funds and a properly functioning official website alongside its main services. No, we shouldn’t, as we see it as a promising, rapidly evolving trading platform, adequately represented in today’s crypto market. Today HitBTC is one of the newest trading platforms and crypto exchanges in fiat money.