What Is Hitbtc? Overview Of Exchanges That Can Use Cash

In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges. 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. Moving on in our HitBTC review, let’s look at some of the trading fees. The HitBTC price for trading is based on the “maker taker” model. HitBTC trading fees aim to narrow the spread on cryptocurrency markets and increase liquidity. The way the HitBTC trading fees model works is that “makers” add liquidity to the book and “takers” remove liquidity from the book.

The transaction and trading fees are 0.1% which is way lower than some other exchanges demand. The trading fee is segregated between the maker-taker model, where market takers are charged a flat fee of 0.1% from each trade, regardless of the cryptocurrencies the trade is being executed in. HitBTC also has a special wallet that is dedicated to trading.

Hitbtc Trading Conditions

Customers can send purchased coins to the HitBTC deposit address. However, HitBTC regularly upgrades deposit addresses, so users need to make sure they select the right one during each deposit.

• It is better to avoid storing your crypto-assets in any online exchange, keeping your coins in an offline or hard-wallets will increase the security.
• This platform offers its services globally without any restrictions.
• Click on the blue ‘Copy’ button to copy the wallet address to your clipboard.
• Generally speaking, Trollbox is a chat where users and moderators ask questions and discuss any stuff related to HitBTC.
• This is one of the best security features when it comes to HitBTC exchange.

All listed measures provide strong security and all of them are quite efficient, especially in complex. As we already know another level of security is provided by the KYC-procedure that can’t be completed by the stranger. The history of trades is available in the “My Orders and Trades” box. If you proceed to “Reports” and then click on “My Orders”, you will get into the section where you can see the cross-market trades and manage your orders . There are different opinions on the location of HitBTC headquarters. In the ‘Contact’ section of the HitBTC website, the company specifies two addresses .

Hitbtc Withdrawal Fees

Does this exchange allow youto use cash to buycryptocurrencies? The answer isyes, and to do this you need toverify your account and personal information. Really different from other exchanges, which are justC-to-C (crypto-to-crypto) trade. Not long after its launch in 2015, HitBTC went offline for a short period of time.

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 money, to correctly account for and channel all funds to the correct destinations. When a company like HitBTC breaks our trust, they make themselves immediately irrelevant to the needs of the market.

Best Platforms

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. Any time day or night, it’s possible to get your tickets resolved.

• This type of order means that the trade will be executed only for a certain price or a better one.
• HitBTC has a live-chat available in multiple languages, but customers issues appear to be in the ‘pending’ mode for a long time.
• It’s very important to keep that in mind before you submit any requirements to them so that you wouldn’t experience any issues when it comes to your account verifications.
• However, most of the problems were addressed by the company later and it doesn’t seem that there are any real reasons to suspect HitBTC in being a fraudulent platform.
• When the link opens a new tab, you will need to copy and paste the code that was contained within the email.
• As such, more experienced retail traders and professionals should not have issues with the exchange’s interface.

VibraVid.ioand that each user who watched the full podcast would be rewarded instantly with a 50 BTZC bounty. More than 677 users have watched the video thus far and received the bounty in their wallet, with 246 likes and hundreds of comments.

Hitbtc Review

The trade volume on HitBTC is over $2.5 billion per 24 hours. It is fair to say that this number is gradually growing despite the sporadic backslides. At the moment of writing, HitBTC was ranked 52nd on the list of cryptocurrency exchanges that have the biggest daily trade volume. HitBTC has become one of the topmost global crypto exchanges in terms of market liquidity as per CoinMarketCap. One advantage for advanced traders is that it offers an API by using bots that help them to trade cryptos automatically. After completing the registration process, you have to deposit some funds into your HitBTC account.

Some interesting user comments can be found in the bottom of this post and in the comments of this review by Blockonomi. I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins. Submit a ticket feature, allowing you to reach out directly to the exchange’s support team. Personally, I haven’t had any issues with the service yet, but at the same time, I would not recommend depositing more money with it than I can afford to lose. Overall, HitBTC is a secure exchange in terms of technology it uses to protect your funds. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. On the contrary, it has a proven track record, operating in the industry for more than six years already.

Features Of Hitbtc

You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. They specialize in selling bitcoins hitbtc review for credit card to nearly anyone in the world. Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column.

When compared to other popular exchanges like Binance and Bittrex, HitBTC fees for withdrawals are lower for some cryptocurrencies and higher for others. HITBTC is a European Bitcoin Exchange company that offers high liquidity and buying limits. Generalaccounts– For this tier you can, of course, deposit crypto currency for free. Your daily withdrawal limit is EUR 5,000 worth of cryptocurrency per day.

With that being said, unlike its peers, HitBTC does not have a public face to represent itself and by the looks of it, likes operating under wraps. Being able to use a test account on the exchange shows a focus towards user experience on the floor and improvement efforts from HitBTC. Tried to trade with different exchanges but wasn’t able to stay with them for a long time. How areregular people making returns of as much as 27,144% in a year? By picking the right coin at the right time – click the button to learn more. HitBTC is accessible via the FIX protocol in order to satisfy the needs of institutional clients with existing systems.

• They should look for the IP address or location they don’t recognize.
• Unlike some of the other cryptocurrency exchanges we have reviewed, the trading fee system is very straightforward at HitBTC.
• It is time for HitBTC to consider delisting some of the assets which have stagnated.
• It looks to simply be a venture by a company who thought it would be a good idea to start a cryptocurrency exchange.
• This HitBTC review looks at its pros and cons and whether it is worth using.
• In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges.

After this, you will see the unique deposit address of the coin you selected. Click on the “Copy” blue button to copy the wallet address to your clipboard. Then, go to your private wallet, paste that address, and transfer your funds. You will see the green “Deposit” button on the top of the page; click on it. A long list of coins will show up on your window, using which you can make deposits.

For example, if you bought $5,000 worth of crypto, and then sold the same $5,000 worth of crypto, you would pay two lots of $5. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins.

There’s no need to recall or write these codes down because they are refreshing every 30 seconds, so without having your mobile device, it’s impossible to sign in into your account. The importance of using 2-factor authentication can’t be underestimated. This step is critical for the maintenance of the safety of your account. For turning this option on you may use Google Authenticator app or Authy app. Another security feature available for HitBTC users is whitelist.

Author: Felipe Erazo