Hitbtc Exchange Features Review

hitbtc exchange

You will need to create a separate account for the demo platform. For the beginners, HitBTC exchange offers an opportunity to try and trade cryptocurrencies on its demo platform first. You can register and access the demo platform by clicking the demo option at the bottom of the screen or by simply typing demo.hitbtc.com into your browser. 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.

  • It’s tempting to say that Binance needs no introduction, but then again, it wouldn’t hurt to refresh yourself on how and why Binance has become the world’s top cryptocurrency exchange.
  • The company offers a wide range of tools that meet the requirements of the most demanding users who prefer to use low-latency and trustworthy systems delivering peak performance.
  • In this review, I’ll cover everything you need to know about this London-based exchange.
  • As a result, a mysterious exchange like HitBTC will always have many supporters who are happy with its services, as well as numerous critics who are disappointed with its lack of transparency.
  • Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading.
  • HitBTC is an exchange that opened its doors in 2013 and offers many trading markets for a variety of coins.

HitBTC is a crypto exchange that has over 800 trading pairs. The platform was created in 2013, and provides exchange, custodial and other related services. When you compare both exchanges, it seems that Binance has lower fees (0.1% flat) and a better reputation, while HitBTC has a better user interface and a wider selection of features. HitBTC offers a wide variety of currency pairs if you’re looking to trade crypto for crypto.

Hitbtc Reviews

After completing this captcha request, you can continue to access the site as normal. In July the exchange burned a total of 25,539,150 HIT tokens (about 4.7 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,974,460,850 HIT as a result of this recent burn. Every negative about HitBTC is in regards to support and long wait times.

hitbtc exchange

An added security feature is the option to whitelist a range of addresses that you trust in order to prevent anyone else withdrawing to an address that is not in your control. Even if a hacker manages to breach your email and attempts the withdrawal, HitBTC will block it. They recommend using 2-factor authentication when signing up to strengthen your account’s security. You can activate it when logging in, withdrawing funds, and adjusting settings. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Tried to trade with different exchanges but wasn’t able to stay with them for a long time.

Hitbtc Fees And Limits

Simply navigating a complex trading screen can befuddle even the brightest newbies, and once the purchase has been made the problems are only just beginning. The exchange has developed over the years to provide high volume trades on a secure platform that monitors and constantly updates users on the status of the system’s health. As a result, the platform now has over $300m in trading volume. In this in-depth HitBTC review we will dig into the exchange operations, platform, customer support, trading fees and security procedures.

This is a natural approach as makers provide liquidity to the exchange. However, the terms change when the trading volume increases. It is calculated for 30 days to determine the fee and reward. When the trading volume reaches 6,000 BTC, the maker stops paying fees and gets rewards instead. Hitbit only offers below average number of markets; however HitBTC has a significantly above average number of tradable pairs.

hitbtc exchange

HitBTC is an exchange that opened its doors in 2013 and offers many trading markets for a variety of coins. 2-factor authentication, advanced encryption technology, cold storage – we give you peace of mind when it comes to security.

What Is A Digital Currency Exchange?

Users couldn’t complete any operations with Metaverse ETP funds. By not allowing users to control their own funds and shutting down/freezing certain coins, HitBTC runs the risk of creating continuous issues for some traders. Not long after its launch in 2015, HitBTC went offline for a short period of time. During this event, some users complained that they couldn’t withdraw funds from the exchange. This was presumed to have been caused by the exchange freezing user funds as a security precaution after another exchange called Bter had funds stolen during a hack. Overall, the HitBTC incident of 2015 wasn’t a major problem.

HitBTC Review 2021: Fees, Features & More! – CryptoNewsZ

HitBTC Review 2021: Fees, Features & More!.

Posted: Tue, 21 Sep 2021 07:00:00 GMT [source]

McAfee’s free advertising campaign will certainly help as well, so perhaps CoinBene’s perspectives to join at least the Top 20 exchanges, if not the Top 10, soon are not in the far future. With that potential, perhaps the only thing it’s missing right now is an additional 600 cryptocurrencies on their platform.

For example, the API has low latency which means that your trading orders are executed much faster than other exchange APIs. Another unique feature of HitBTC’s platform is the ‘Trollbox’, a live comments section where traders can engage in discussions and speculate prices.

Hitbtc Review: Comprehensive Beginners Guide

Market orders, limit orders, and stop-limit orders are built into the trading interface for convenient access. Select “New API Key”.The next page will show your public and secret API keys. When providing API keys to trading services, it’s likely they will need the permissions for “Order book, History, Trading balance”, “Place/cancel orders”, and “Payment Information”. In addition to international customer support, HitBTC prides itself on providing 24/7 customer support. Any time day or night, it’s possible to get your tickets resolved. A company providing cloud-based crypto trading software is now compatible with Huobi, an exchange that has an estimated 5 million clients worldwide.

  • Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy.
  • It allows you to make trades and become acquainted with the settings and interface.
  • Without these permissions, many services will not be able to execute your strategy or trade for your account.
  • 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.
  • For fiat currency, there’s a limit of $2000 per week and $10,000 per month – both for withdrawals and deposits.
  • A list of top markets on HitBTC exchange based on the highest 24h trading volume, with their current price.
  • Industry leading security, full regulation, and stability are reasons that traders keep coming back and putting trust in Bittrex.

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. High liquidity and consistent trading volume improve the experience for both retail and institutional investors. It is time for HitBTC to consider delisting some of the assets which have stagnated.

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Without these permissions, many services will not be able to execute your strategy or trade for your account. 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. The UI is a bit outdated, the trading terminal could use some patching up, and the overall feel of the exchange experience is closer to Poloniex than Coinbase Pro. Receive the latest news about our cryptocurrency education courses, events, and guides.

To put it bluntly, HitBTC has one of the best if not the best fee schedule in the industry. Not only do they have the lowest base fee among the large exchanges, but they continue to decrease as you reach higher volumes. Combining each of these individual components, HitBTC features a holistic trading experience that makes you feel right at home. Outside the execution of orders, HitBTC provides all the essentials.

Though the company doesn’t enter the top 10 any longer, it still manages to maintain a high position despite the severe competition in the industry. It also deserves attention as it actually shaped the crypto industry the way we know it today. 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. Fund security, customer service experience, and clarification on various exchange policies are all areas that could improve.

HitBTC is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others. The platform deploys sophisticated audited cryptography schemes that feature strict operational procedures along with user-specified limits and white-lists. Employing comprehensive custody architecture, HitBTC offers two kinds of custody for its users. One of them features top-level security for the top popular cryptocurrencies and all ETH-based tokens. The regular security mode is employed by the rest of the digital assets. HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features.

They do not give specific date on when the “maintenance” will be completed. You can trade that “maintenance” coin, but once you move the “maintenace” coin from your spot to wallet, it is not reversible. Meaning you cannot transfer it back to spot to trade again.

After evaluating the HitBTC APIs and trading features, it certainly has the feel of an institutional trading platform. For these reasons, we stand beside their statement that HitBTC is the most advanced cryptocurrency exchange for these specific aspects. HitBTC also offers 2-factor authentication and various whitelists.

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. OTC trading allows users to perform high-volume trades without going through the public order books.

This has placed their UI as a secondary development to the API. Two AT&T employees have been accused of indulging in illegal SIM swap-related activities. hitbtc review Two Canadian brothers hacked the account of a HitBTC user to steal 23 BTC in July 2018, but will now face sentencing for wire fraud.

Why Did Hitbtc Start Charging Me $5 A Month For Inactivity?

Everyone can try out its platform without making a deposit. Buy and sell over 380 cryptocurrencies in more than 800 cryptocurrency pairs. HitBTC offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects. With this feature, you can add any deposit addresses that you trust. Essentially, this is meant to prevent someone from withdrawing to an address that you aren’t familiar with or don’t control.

hitbtc exchange

In addition to the large selection of assets, they also support a healthy number of quote currencies that can be used for routing orders, executing arbitrage, and more. Now, don’t forget to transfer your funds from your main account into your trading account before you can start trading.

Next-generation Cryptocurrency Bitcoin Latinum (LTNM) Announces the 7th Exchange to List LTNM – HitBTC #5 Ranked Exchange by Volume – Yahoo Finance

Next-generation Cryptocurrency Bitcoin Latinum (LTNM) Announces the 7th Exchange to List LTNM – HitBTC #5 Ranked Exchange by Volume.

Posted: Tue, 26 Oct 2021 07:00:00 GMT [source]

The exchange provides the opportunity to conduct trades with more than 200 different cryptocurrencies, among which the WIZ token will take its own special place. In the days to come, its customers will be able to trade the WIZ token freely and without any obstructions. Launched in 2013, HitBTC was one of the original cryptocurrency exchanges. Known for its fast order execution, a large selection of assets, and low trading fees, HitBTC has acquired a reputation among institutions and high volume traders. You are allowed a 25,000 EUR daily withdrawal limit of crypto. For fiat currency, there’s a limit of $2000 per week and $10,000 per month – both for withdrawals and deposits.

This is really the only beginner-friendly feature that I found. It allows you to make trades and become acquainted with the settings and interface. All transactions made won’t count, so you won’t risk lightening your wallet.

Author: William Watts

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