I do not advise anyone to work with this exchange! It's been like this for 4 years, funds frozen after deposit without details. Standard messages are sent by support, which violate their own guidelines.

HitBTC Deposit & Withdrawal Fees

The company is silent on this issue and it seems suspicious to the majority of the users. There is a limit to buying, selling, and withdrawing if you are not having a verified account. There are several users claiming that their HitBTC was hacked but the company remains silent on this issue. The more HIT tokens you hold or use in pair trading, the more discounted the trading price.

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You’ll be directed to the trading area after clicking the exchange button. While using a bank transfer to deposit funds, users are required to go through a lengthy verification process. HitBTC is a multi-currency digital exchange specializing in altcoin spot trading. HitBTC serves most European and Estonian markets, but it’s also easily accessible to users across the globe, with several exclusions.

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• Meanwhile, verified users fall under HitBTC’s tier fee structure, which determines trading fees depending on the user’s trading volume over the last 30 days.
• Most exchanges, when asked about demo trading, simply tell you to make minimum trades of $1 and treat that as your demo.
• Withdrawal requests were constantly delayed, customer support was unresponsive, and the promised returns never materialized.
• Hitbtc offers more than 500+ cryptocurrencies and 800+ trading pairs.
• However, you’ll find that multiple HitBTC reviews distinguish the fact that the company’s customer support is not the most helpful, and some users don’t like a long verification process.

Mara assures me they will help me log into my account and will send an email. I have been trying to login to my HitBTC account without success. They have robbed from my account worth hundred of dollars.

Deposits and Withdrawal Waiting Time

It is not an offer to buy or sell any security, product, service or investment. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. The physicist has couple of years of professional experience as project manager and technological consultant. You might love how it all feels, but at the end of the day, it is still your decision to make. You can also visit this forum post if you want to read about people that are having problems with their HitBTC account.

What is the difference between a crypto exchange and a brokerage?

With a brokerage, however, there is no "other person" – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. Yes, HitBTC is a legit cryptocurrency exchange platform. While such a verification process is quite regular to all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. The very first aspect that multiple HitBTC reviews distinguished is the fact that this crypto exchange has poor customer support.

I have accounts on Kraken and Binance, and with neither I had problems like that. I took everything that was left out and will forget about this terrible experience. I was deceived but i reported them and got my funds. They are so cruel and would ruin you financially if you commit your funds to them. They helped me recover my stolen asset with ease and I'm so grateful for their support. If you've been a victim, email me (on my profile) for guidance on reclaiming your funds.

However, their interface is something that beginners would not like because there is too much information for a new person who just came into Bitcoin trading. The website interface is filled with all the information a seasoned trader would need. HitBTC supports FIX via two types of interfaces, including FIX Market data and FIX Trading. On the other hand, Streaming API allows you to access market data and trading operations and socket.io is a protocol that allows you to receive market data. It provides an easy back office integration, and it is compatible with HFT set-ups, and algorithmic trading systems.

Features

However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism. Furthermore, there is no evidence of a hack indicating robust security. The HitBTC customer support team is available around-the-clock, and you can contact them through an online support form. While signing up on the platform, you must certify that you are not a resident or citizen of any of these nations. Users can choose between crypto-to-fiat and https://forex-review.net/hitbtc-review/ crypto-to-crypto currency pairs.

bad support

It soon became clear to me that I had fallen victim to a scam.Feeling helpless and devastated by the loss of my hard-earned money, I began to search for ways to recover my funds. I recently recovered my funds from HitBtc with the help of a professional recovery agency that specializes in helping victims get their money back from fraudulent companies. I have seen many untrustworthy exchanges, but HitBtc is the absolute worst. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).

Some of the most popular features of the exchange include support for the FIX protocol and the ability to open a demo trading account, which allows you to feel the rush in trading without damaging your wallet. This HitBTC review will reveal everything you need to know about the HitBTC exchange, its features, services, trading fees, etc., to help you decide if it’s a suitable exchange for you. HitBTC is a popular cryptocurrency exchange with some unique features that set it apart from any other trade/exchange websites out there today that handle FIAT and crypto currency trading. Another unique feature of HitBTC is that it allows demo trading, which is extremely rare in the world of cryptocurrency exchanges. In this in-depth HitBTC review, we will dig into the exchange fees, services, customer support, trading, and much more.

Good service

While some platforms support up to 10 cryptocurrencies, others can support hundreds and even more. When deciding which crypto exchange platform to use, there are multiple aspects to take into account. Without further ado, let’s jump to HitBTC review and find out more about this cryptocurrency exchange. Today, I’ll introduce to you HitBTC, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies. While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs. RESTful API allows users to access market data, manage funds, and perform trading operations.

With a demo account, users can trade without fear of losing tangible assets. The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset. Hitbtc is one of the oldest and fastest-growing cryptocurrency exchanges in the world. Choosing a suitable cryptocurrency exchange is harder now as so many exchanges exist.

This exchange is good for traders looking for a wider range of digital assets and lower trading fees. However, withdrawal fees vary according to the cryptocurrencies you want to withdraw. The exchange does not charge deposit fees for depositing cryptocurrencies. The exchange provides a demo account for new users to get used to the platform.

Let us learn how to deposit cryptocurrency into this exchange Let us learn how to sell cryptocurrency on the Hitbtc exchange Hitbtc offers more than 500+ cryptocurrencies and 800+ trading pairs. Between 74-89% of retail investor accounts lose money when trading CFDs.

• All reviews, either positive or negative, are accepted as long as they’re honest.
• It offers Spot, margin, derivative and OTC trading with a maker fee of 0.10% & taker fee of 0.25%.
• Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets.
• Sneakily took my money as “inactivity fee”.

HitBTC is popular for its API, which is extremely stable and will satisfy the needs of algorithmic traders. HitBTC provides two step verification for all users through the commonly used Google Authenticator. They only charge 0.1% on every market trade and LP orders have a 0.01% rebate. Each of these levels has their own advantage, but of course, the higher the level, the higher the trading volume. There are levels of accounts that you would be able to get with HitBTC – General, Verified, and Qualified. If you want to fund your account using FIAT, then you need to verify your account and get it out of the “general admission”.

However, first, you will need to deposit funds into your account. Being aware of all the pros and cons you’ve probably already decided if this crypto exchange is suitable for you. Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity. That being said, it’s recommended to wait for the app to be completely developed in order to have a full experience. Now, while HitBTC mobile app is available, it’s still in a development stage, meaning that the app is not stable and you might experience certain issues when using it.

There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates.