HitBTC Review 5 Things to Consider Before Using in 2023

equivalent to btc

You already know that it’s reliable, however, there are other aspects that matter. It doesn’t matter if a platform is easy to use, has low fees and other excepmarkets60nal features if your account can be hacked at any second, leaving you empty-handed. If you’re still a newbie in the crypto world and do not know which aspects matter when choosing a crypto exchange platform, I can help you.

hitbtc exchange

The HitBTC exchange doesn’t require any KYC verificamarkets60n to trade Bitcoin or other cryptocurrencies. You’ll receive a verificamarkets60n email, and your account will be activated after clicking on it. Always double check that you have entered the correct wallet address when transacting with cryptocurrency. Select the amount of Bitcoin you wish to purchase and copy your HitBTC Bitcoin address into the wallet address field.

On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit. Under the security tab, you can choose to ‘terminate all sessions’ if you believe there is someone else accessing your account. The site will automatically log out all your active sessions, except for the one you use to perform this acmarkets60n. HitBTC is a crypto currency exchange owned by HIT solumarkets60ns Ltd, which is based in Hong Kong.

How to Deposit & Withdraw on HitBTC

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 core matching engine is lightning fast, extremely liquid, and supports a slew of cryptocurrencies with a highly advanced dashboard.

  • Depending on the personal monthly trading volume they enjoy the smaller fees as the volumes get bigger.
  • Therefore, due to its high liquidity, the platform creates low transacmarkets60n fees.
  • In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance.
  • HitBTC exchange only gives the opmarkets60n of trading in USD, EUR and GBP.

hitbtc exchange review is a global trading platform with multi-currency support, operating since 2013. The exchange has markets for trading digital assets, tokens and ICOs and provides a wide range of tools as well as stable uptime. HedgewithCrypto aims to publish informamarkets60n that is factual, accurate and up to date. The informamarkets60n about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website.

Supported Countries

There are chances that such an accusamarkets60n may or may not be accurate. Extensive knowledgeable articles about HitBTC platform features and how users can make a profit by using them. On the top right-hand side of their home will be the “Sign up” button. In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. However, as an unregulated anonymous exchange in an obscure locamarkets60n, HitBTC does draw some criticism. Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents dissatisfied with its lack of transparency.

trading volume

With this https://forex-reviews.org/, you may withdraw more than $25,000 worth of cryptocurrency per day. The fiat withdrawals and deposits allowed for Qualified accounts are $10,000 per week and around $50,000 per month. The user can trade Bitcoin and other cryptocurrencies on the platform. Aside from Bitcoin, they can trade with some major cryptocurrencies like Ripple, Ethereum, Stellar, etc. Also, the user has the opmarkets60n to access altcoins that can develop in the future.

In the fall of 2016, a service was added that allows you to trade USD and EUR. 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 opmarkets60n at the bottom of the screen or by simply typing demo.hitbtc.com into your browser. In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integramarkets60n on its site. Using it, you can buy cryptocurrency instantly with your bank card and send it directly to your HitBTC wallet to start trading immediately. In 2017 and 2018, many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals.


What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees. For unverified users, HitBTC fees similar to the ones we find on other popular exchanges like Binance or Bittrex. However, for verified users, the fees drop significantly, making HitBTC’s fees absolutely cheapest on the entire market in terms of crypto trading.

deposit funds

Similarly, the user interface is hard to see with the default color scheme. There isno cost involved to create a new account with HitBTC or maintain a crypto wallet. There are some fees involved such as purchasing crypto with fiat, trading between assets and withdrawing to an external wallet. To create an account with HitBTC, new users will need a valid email address and password.

Step 3: Buy Crypto

Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column. Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity. The informamarkets60n that you will have to provide includes your personal informamarkets60n, residential address, proof of identity, selfie and phone number.

  • The user can trade Bitcoin and other cryptocurrencies on the platform.
  • Users have been required to perform a drawn-out ID verificamarkets60n process that only sometimes results in the funds being released.
  • When deciding on the best cryptocurrency exchange for your needs, ease of deposits and withdrawals is a major factor.
  • The good news is that there have not been any other incidents since then.
  • Graph displaying the depth of a particular market for a cryptocurrency pair.

Out of all the downsides of HitBTC, it is the slow-withdrawals that they need to work upon to retain their users. Withdrawals not reaching customers on time, and lost trades are the most frequent complaints from users. If they resolve some of these issues and focus on improving the experience of their users, they might have a higher user base in future. 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.

How to Save Yourself From Crypto Exchange Scams

Isolated Fraud – HitBTC has had a couple of scandals involving whistleblowers and reports of internal fraud. Last year, Coinbase had its own major scandal involving insider trading. Just because one or two employees do something bad, doesn’t mean that a company is corrupt from top to bottom. But a company must act fast and fiercely to rid itself of fraudsters, acmarkets60ns HitBTC has not seemed to take part in. Whether HitBTC will be able to turn around has yet to be seen, but we recommend that everyone go to other exchange, like Binance, which can be trusted with their money. Knowing this data and according to our needs we can buy at the price set by the market or place a lower sales order pending a price drop.

Confirmamarkets60nNext, a letter will be sent to the specified email address with a request to confirm the account. Finish Registramarkets60nAfter indicating your Email and Password, you will be asked to provide the Resident country, Full name, and Phone Number to finish the registramarkets60n process. HitBTC Introducmarkets60nOn the right side are presented forms for registramarkets60n and a button to enter your personal account, if you are already registered. An extensive knowledgebase comprised of articles about all HitBTC platform features.

Please check your inbox and your spam folder and proceed accordingly. I have asked their Twitter account for more details, but I keep getting blocked for some reason. I hope they message me on here but then again they are cowards to address the situamarkets60n.

Tags: No tags

Comments are closed.