HitBTC Exchange: Reviews, Fees & Features

04 Dec HitBTC Exchange: Reviews, Fees & Features

HitBTC Exchange: Reviews, Fees & Features

The interface is simple enough, and contains most of the necessary tools required to explore price trends and make future predictions. The exchange supports market orders, limit orders, scaled orders, stop orders, and post only orders. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. After reviewing many exchanges, these problems don’t sound so unusual to us (unfortunately).

Stay away from this company

This is a distressing development for a well-known, high-quality exchange, once known for its wide range of supported assets and ease of use. But this is one of the possible outcomes for a financial services industry that is not well-regulated, and which has so much money pouring through it at all times. There are simply too many reasons for dishonest exchange owners to funnel user funds into their own private wallets. Whatever the case, new users should stay well away from HitBTC. There are simply too many other services which out-class it in every respect, and will especially not steal user funds. We use these companies because we believe we can trust them with our hitbtc exchange review money, to correctly account for and channel all funds to the correct destinations.

HitBTC Reviews

• The Demo account is suitable for beginners who want to have a real-time experience in trading.
• The charge is US$10 per month if you have more than 6 months of inactivity.
• The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset.
• This was after repeated attempts by the trader’s mother to get her account unfrozen.
• The company is based in the Seychelles, and although not much information is available about its team, we expect that over a dozen people are involved with the operations of HitBTC.

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. Firstly, we have to take issue take issue with their customer support. 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. For issues that require users to email the support team, there have been complaints online about very slow response time (taking weeks and even months before an issue is resolved).

Demo 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. You must go to the HitBTC homepage and click the sign-up button in the upper right-hand corner of the page. The next step is to enter your email address and create a secure password.

How do I know I can trust these reviews about HitBTC?

Its cutting-edge matching engine technologies are complemented by a well-designed trading screen that displays price movements and allows for quick execution of trades. The platform’s API is robust, appealing to professional traders and those employing trading bots for automated strategies. The process of depositing and withdrawing is simple and straightforward. All users have to do is to navigate to the “Account” tab and select the cryptocurrency.

• For the next couple of years, things went smoothly for the most part.
• Transactions through Debit and Credit card is not available in HitBTC, so no fees for that.
• Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column.
• Compared to most cryptocurrency exchanges, trading fees on HitBTC are competitive.
• HitBTC features extremely liquid marketplaces for trading digital assets, tokens, and fiat currencies (USD, EUR, etc.).
• HitBTC consistency ranks as one of the top cryptocurrency exchanges on the market in terms of trading volume.

User Interface

However, the security and transparency of this exchange are major concerns. The HitBTC exchange has a support webpage where users can find details regarding crypto fundamentals, trading, deposits/ withdrawals,  fees, and levels, Hit Token, etc. They also have a chatbot in case you need a quick view of articles related to your query. You can also email them which will be replied to in 24 hours. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates. The exchange is relatively simple to use; however, it’s best suited to more experienced traders.

Exploring the HitBTC Trading View

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. Of course, many people will argue the fact that the exchange can freeze funds whenever it sees fit is a negative when considering security. The ‘main account’ is designed to be a place where you can store your cryptocurrency funds. If you have funds here, you can not immediately trade them.

Customers looking to purchase or sell high amounts of cryptocurrency, may prefer going through HitBTC’s OTC trading interface. Through this service, users can unlock easy and fast access to deep pools of crypto liquidity, thus enabling transactions that are kept off the public order books. In other words, OTC purchases and sales do not have a considerable impact on crypto prices, allowing high-volume buyers and sellers to get the best deal possible. Some of the exchange’s main selling points include smooth order execution, limitless liquidity, but also a simple, yet powerful trading terminal. Featuring over 800 trading pairs and more than 500 spot instruments, it’s no surprise that thousands of users worldwide leverage HitBTC’s trading services.