Hitbtc Exchange Review Archives

September 30, 2021 admin Crypto Trading

hitbtc exchange review

This huge array makes it one exchange for all, it will have all the big ones; bitcoin, ethereum etc and also lots of the new up and coming coins; reddcoin, golem etc. HitBTC is an intuitive and reliable exchange, allowing users to trade some of cryptocurrency’s most popular assets. Navigate to the different trading platforms available to start buying and selling crypto coins of your preference. If you want your account to be extremely secure make sure to create a strong password. Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. The most recommended cold wallets include Ledger and Trezor.

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). Make the most out of your trading bot with our leading API and its low latency data and execution feeds.

What Information Can Be Requested By Hitbtc?

One example of an exchange that drastically improved their user experience was Kraken. I remember the first time I used Kraken – it was dreadful. The landing page felt confusing and difficult to navigate. With recent updates to Kraken’s user experience, it has completely turned around the way users think about 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.

But for high limits, a range of currency options, detailed information, and very low fees, it is worth the pain. In general, HitBTC is a good platform for pro traders that know what they’re doing. But negative reviews about support, a long verification process, and confusing interface mean it isn’t the best place to start. HitBTC exchange offers a Demo platform to try and trade cryptocurrencies for users who are beginners. To experience the demo trading, users can register themselves and access it. Although HitBTC used to support fiat currencies like USD, it does not keep it anymore.

How To Use Hitbtc Cryptocurrency Exchange?

As such, if you are a U.S. resident, or a U.S. citizen living overseas, then you’ll need to use a different exchange. The likes of Coinbase are much more inclusive of American traders, and they even allow you to fund your account with a debit/credit card or e-wallet. 74% of retail investor accounts lose money when trading CFDs with this provider. They are being accused of freezing accounts – leaving users unable to withdraw funds. This has placed them at loggerheads with influential figures in the crypto space such as Trace Mayer, John McAfee, and Tuur Demeester. Many people compare HitBTC to Binance since both exchanges are crypto only and are relatively lenient regarding the coins they list and who they accept as a customer.

How can I get crypto without fees?

Crypto.com App has no exchange fee (2.99% fee) for new users, for the first 30 days, when you buy bitcoin. Phemex offers a premium membership that allows you to trade crypto with zero trading fees. Direct card purchases have a 3.85% fee. Binance has low deposit and withdrawal fees, which vary for each crypto and fiat.

Another option is to scroll down till the end of the Home page and select the “Support Center.” In the support center, you will see a “Contact Us” button. After clicking on that button, it will take you to the support ticket.

Hitbtc Deposit & Withdrawal Fees

Some of the most notable ones include BTC, BCH, LTC, ETH, ETC, EOS, DASH, XMR, ZEC, PAX USDT, and many others. Professional traders are encouraged to contact HitBTC in order to obtain more advantageous trading fees.

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That way international customers can get rapid support without needing to struggle with a language barrier. Despite being the 5th largest trader by volume and one of the most advanced platforms on the web, reviews have not been kind to HitBTC. I think the extensive verification process, solid reputation, advanced security measures, and increasing trade volume all answer the question “is HitBTC a scam? If you want access to fiat and higher limits, verification is necessary. It isn’t easy, but it is well worth it for professional traders.

Hitbtc In Numbers

Nevertheless, here’s a break down of security features available at HitBTC. Now, while such accusations cannot be substantiated with any certainty, if the general consensus is that HitBTC has suffered multiple hacking attempts, then it is likely to be true. Once you’re on the trading screen for the coin you want to buy, scroll down below the main chart. When the link opens a new tab, you will need to copy and paste the code that was contained within the email.

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Quantum Markets is The safest place to buy and exchange crypto…. I have $250 at hand ,I would love to trade in your platform. In cases, where you want to recover the HitBTC password, Visit the HitBTC Login page and then Click on the “Forgot Password” option.

Hitbtc Deposit And Withdrawals

I just managed to make a deposit and make a successful withdrawal of funds. I carefully studied the history of this exchange before trusting my savings to it. As it turned out, many reviews are either as old as the world, or personify the Indiscretion of a client who doesn’t carefully read the contract and then blames everyone around. hitbtc review Therefore, I confidently decided for myself that it was worth trying this platform and was not mistaken. Considering all my experience of using it, Given all my experience with it I still tend to recommend it for trading cryptos. Having used hitbtc for about a year, and I will certainly agree that it is far from a perfect exchange.

hitbtc exchange review

The team consists of software developers, finance professionals and experienced traders. For the most part public sentiment favors HitBTC for their simple user interface and high volume trading. However, like any exchange, HitBTC has its positives and negatives that have been expressed by numerous traders. This fee is in line with the historic industry average (the historic industry average is arguably around 0.25%).

After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. You just need to enter your email, put a strong password in and you will get a verification code or link sent to your email within seconds. CoinSutra was founded in 2016 with the mission to educate the world about Bitcoin and Blockchain applications. Well, I would look forward to hearing your experience and review of HitBTC. Do share everything you have in the comment section below. With many new trustable and reliable exchanges, not to mention brilliant ones, out there, HitBTC definitely doesn’t fit the bill.

  • If the user wants to trade with HitBTC, they should add funds to their account first; they can go to the account section where their fund balances are displayed.
  • Without these permissions, many services will not be able to execute your strategy or trade for your account.
  • A lot of exchanges are offering support via Telegram and also using Twitter to reach out to users with solutions.
  • Remember, in order to deposit fiat currency, you must get verified.
  • HitBTC has Over The Counter trading services for high-volume traders.
  • However, through a partnership with Changelly, you can buy bitcoin using your credit card and have the coins deposited directly into your HitBTC account.

Rewarding traders instead of charging them with fees is a very rare feature. However, as you can see, it only benefits the high-volume traders. All in all, trading fees on HitBTC are the best on the market or nearly the best. The anonymity of HitBTC provokes concerns from the public side.

For example, if you want to withdraw 10 BTC or 0.5 BTC, you’ll be charged the same fee. Fees are dynamic, and adjust with automatically with the market. If you want to withdraw a larger amount of crypto, this is certainly a positive. However, for smaller amounts, this could be considered a negative. When compared to other popular exchanges like Binance and Bittrex, HitBTC fees for withdrawals are lower for some cryptocurrencies and higher for others.

hitbtc exchange review

Some users have even started a petition against the low-level service HitBTC is supplying. The first time I tried to withdraw my affiliate Bitcoin balance from HitBTC I had 0.25BTC waiting for withdrawal + another $600.

How much does exodus cost?

As a decentralized exchange, Exodus doesn’t charge any fees for sending or receiving crypto.

Author: Omkar Godbole

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