HitBTC Crypto Exchange Review Coins Offered, Funding & Fees

On September 10, 2021, HitBTC added two DYDX-based trading pairs to its roster. DYDX is a native token of the decentralized derivatives exchange called dYdX. The token hit the market on September 8 and quickly gained over 1000% in price. It has made headlines when after listing on a number of exchanges the token gained the price of $10 and even rose to $15 at some point. Many of these tokens were distributed among the early dYdX platform adopters via an airdrop.

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 In particular, the user interface is outdated, lack of transparency on security measures and negative feedback on the customer support. Bitstamp is a cryptocurrency exchange software product that provides users with an intuitive and secure way to buy and sell their crypto assets.

HitBTC is an old-time bitcoin exchange established in 2013. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. It exchanges a wide variety of digital assets, including most popular cryptocurrencies like bitcoin , ethereum , litecoin , ripple , dogecoin , monero , tron , dash , EOS and tether . It’s also one of the few exchanges open to bots, providing a range of APIs that help tech-savvy customers trade automatically.

If the user wants to deposit funds to their HitBTC account, they should first generate a wallet address. Then they need to click the deposit button identified in green color. Users must select the corresponding row they wish to deposit and click “fund.” When this is done, the user gets a wallet https://forex-reviews.org/ address with numbers and letters and a QR code. As per several HitBTC reviews, registering an account with HitBTC is simple and easy, and here are the steps to register on this trading platform. When it comes to cryptocurrency deposits and withdrawals, they are as straightforward as it gets.

How to Deposit & Withdraw on HitBTC

To complete a HitBTC withdrawal, the coin needs to be held on the users trading or main account. As with the deposit, customers need to make sure they have selected the correct address to withdraw to, as the transaction cannot be reversed. Although HitBTC seems like a secure platform, this wasn’t always the case. Two years after the company was founded in 2013, it went offline for a short while. During this time, users were left unable to withdraw their funds and were faced with a lengthy waiting time anticipating the clearance of their withdrawal.

Users can only exchange these three currencies for crypto-assets. 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. While using the HitBTC exchange, users can look at charts, current exchange rates, transaction history, news, and descriptions of their preferred cryptocurrency. As one of the most comprehensive cryptocurrency tax software options on the market, we have import instructions for well over 500+ exchanges. But like it more or less, HitBTC fulfills its function correctly.

Fees can vary from 0.25% to -0.01% for extremely large orders . I gave a talk at a crypto conference about Bitcoin affiliate programs and told my story with HitBTC as an example of how not to behave. We talked and he promised that the issue would be taken care of. All seemed to be going well, and as my site relies mainly on affiliate commissions, I decided to also recommend it to my readers. In my opinion, there’s nothing more alarming than a company that remains in the shadows regarding its staff (see BTC-e’s history to understand why).

The HitBTC demo account allows individuals to experience real-time trading using different trading strategies without any risk. The demo trading account aims to replicate live trading of Bitcoin, Ethereum and EOS trading pairs. The feature is good option for beginners to learn how to trade. 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”.

hitbtc crypto exchange review

This Blockchain.com review will unpack its features, fees & more. Selecting a cryptocurrency platform depends on the trading interface for many investors and traders. This is where the majority of time will be spent analyzing the charts and looking for trading opportunities. Coinbase Pro is a cryptocurrency exchange software solution that enables you to build a diverse crypto portfolio. It gives you the power to create robust orderbooks to establish your buying plan of action.

Therefore, chart analysis remains on the chart until removed by the trader. However, there appeared to be a little latency when switching between trading pairs. The asset list for selecting the instruments is well laid out with different tabs for selecting the specific coin to trade with collateral. Similarly, the user interface is hard to see with the default color scheme.

HitBTC Features

Both Huobi and HitBTC provide intuitive trading platforms suitable for all kinds of traders regardless of their experience. The convenience is maintained by the opportunity to access platforms via mobile apps. There are no fiat money pairs on both exchanges, however, people may buy cryptocurrencies paying in national currencies. HitBTC trading fees are low when compared with the trading fees of other exchanges. There are no upper limits for cryptocurrency deposits and withdrawal operations. It has a wide range of cryptocurrencies when compared with other exchanges.

HitBTC supports numerous trading pairs that have several cryptocurrencies, including some of the most popular crypto-assets. HitBTC team members have developed this platform keeping different types of users in mind. When it underwent the designing phase, the emphasis was solely laid on simplicity and easy to use interface for its users.

hitbtc crypto exchange review

This platform offers several rewards to their affiliates, thereby offering a good passive income for them. During its six and counting years of operation, HitBTC had a colorful history with numerous accusations. There are many posts on social media, forums, and review sites pointing out all sorts of issues with the website.

There is an option to switch to Tradingview charting which is renowned for advanced technical indicators and drawing tools. HitBTC is a reliable exchange that uses industry-leading technologies such as 2-Factor Authentication , cold wallet storage and wallet address whitelisting. There is limited information about its security features which may be a red flag due to a lack of transparency. However, since HitBTC was founded in 2013, the exchange has never been hacked or suffered a loss of funds due to a cyber attack.

But you need to note that the company CEO and head employees remain invisible in the era of the internet. However, the security and transparency of this exchange are major concerns. It offers Spot, margin, hitbtc crypto exchange review derivative and OTC trading with a maker fee of 0.10% & taker fee of 0.25%. The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset.

Can US Citizens Use HitBTC?

HitBTC is a cryptocurrency trading platform that was founded in 2013 under the parent company HiTech Digital Business Ltd which was incorporated in the British Virgin Islands. HitBTC provides a spot exchange, margin, Futures and OTC desk for its users to speculate on more than 1,000 trading pairs on a reliable, high-performance and safe platform. HitBTC supports deposit in all of the major cryptocurrencies . It does however not offer deposit via fiat currencies (wire transfer or debit/credit card).

  • Overall, HitBTC is a well-rounded exchange for trading Bitcoin and Ethereum but lacks the modern features and services compared to the top platforms.
  • HitBTC does not hide the fact that in some cases, customers are required to provide their personal information.
  • Despite these red flags, my personal experience with HitBTC remains positive – the exchange does its job, even though high withdrawal fees weren’t a pleasant experience.
  • The positive or neutral reviews here are all fake, and paid for by the scam exchange Hitbtc.

You can find a graph of market depth below the trading page. Green – how much crypto was bought, red – how much was sold. Order BookYour open orders are also displayed here along with everyone.

How to Register on HitBTC

Out of these three advantages, we dare to say that it is primarily safety and security that is equally important to all prospective traders. To deposit funds into your HitBTC account, you must first create a wallet address and click the green deposit button. You must choose the correct row and click “fund” to receive a wallet address with numbers and letters, along with a QR code.

Few exchanges have been around as long as HitBTC, which makes it all the more impressive how it has weathered the volatile history of the crypto market. The HitBTC team has also gone against the grain by continuing to support TrollBox for users to chat inside the exchange. Don’t forget to spend some time engaging with the community as you watch the candlesticks ping pong up and down your screen. In addition to international customer support, HitBTC prides itself on providing 24/7 customer support.

Help from skpgroup tech came after being further scammed by some fake recovery companies. Remember to think with your head when you read any reviews. To represent the data of Binance vs HitBTC comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs HitBTC main metric comparison at a glance, take a look at the general overview table below. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. For some cryptocurrencies, you will also need to copy and paste your payment ID that’s also called “Destination Tag”.

A quick online search showed a mob of angry customers posing similar reviews about the company. The other solution they say is to change our doge in other cryptocurrencies but the value of doge on hitbtc is divided by 4-5 that the normal… Please read their message carefully and proceed accordingly. 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.

HitBTC markets support more than 800 trading pairs, encompassing Bitcoin and a variety of altcoins including Ethereum, EOS, Litecoin, Tron and others. HitBTC also supports lesser-known altcoins, diversifying its range for clients. Many HitBTC reviews highlight the importance of the need for excellent customer support. HitBTC’s support centre is the main form of customer service provided to users. With an absence of a live chat feature, customers can be left feeling frustrated if their query isn’t solved quickly.

Many of the most popular exchanges encompass excellent security, provide real time support and support a wide range of cryptocurrency pairs. In the digital market, cryptocurrency exchanges, especially those that foster a diversity of trading pairs, play an integral role in maintaining trading volumes. Following the success of Bitcoin, ‘altcoins’ such as Ethereum and Litecoin were introduced and are now permanent fixtures of cryptocurrency exchanges. HitBTC has an abbreviated Bitcoin name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform.

The flat fees charged by the platform are highly competitive, which implies that this platform is suitable for high-frequency experienced traders. Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading. It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of HitBTC team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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