The exchange has markets for trading digital assets, tokens and ICOs and provides a wide range of tools as well as stable uptime. Over the years, HitBTC has expanded its offerings and features, becoming one of the largest cryptocurrency exchanges globally. Bitvavo is a cryptocurrency broker based in Netherlands that launched its service in and offers individuals to buy and sell more than 64 cryptocurrencies. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 65 cryptocurrencies. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell hitbtc exchange review more than 72 cryptocurrencies.
HitBTC Products & Features
- There are even rumors of it being a scam, but it is more likely that the team couldn’t keep up with the number of users and transactions.
- The UI is a bit outdated, the trading terminal could use some patching up, and the overall feel of the exchange experience is closer to Poloniex than Coinbase Pro.
- We use dedicated people and clever technology to safeguard our platform.
This opens lucrative opportunities for global institutions, professional traders, and even retail investors to leverage the robust infrastructure and develop new ways of executing cryptocurrency trades. As an alternative to HitBTC, there are a few crypto exchanges that offer similar features and advantages. HitBTC has a rating of 2.3 stars from 90 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with HitBTC most frequently mention inactivity fee and recovery agency. There are a large number of cryptocurrency exchanges available and knowing their operation, advantages and disadvantages, features and restrictions is essential before starting to use them. Today we are going to talk about HitBTC one of the best known cryptocurrency exchanges in the sector.
HitBTC fraud – inactivity fee
There is also a button to close the account and disconnect from the platform. At the top HitBTC has a menu from which we can access its different services. If you have completed all of these steps, you have successfully deposited funds into your HitBTC account and are now ready to start trading. This vast selection of trading options makes HitBTC a comprehensive platform that allows for trading even lesser-known altcoins. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Company History and Background
The company provides safe and quality services for trading and exchange of cryptocurrencies. It ensures the stability of withdrawal and replenishment of funds and a properly functioning official website alongside its main services. No, we shouldn’t, as we see it as a promising, rapidly evolving trading platform, adequately represented in today’s crypto market. The process of accessing the hitbtc exchange login serves as your portal to a cutting-edge cryptocurrency platform.
Regulation of the crypto exchange HitBTC
Mobile App & WalletThe official app allows spot and perpetual futures trading, portfolio monitoring, staking, and swaps. A built-in blockchain wallet supports buying, trading, sending, and storing assets. Trading FeesHitBTC employs a maker–taker fee model with competitive rates.
HitBTC takes security seriously, implementing two-factor authentication (2FA) for user accounts. This added layer of security ensures that only authorized individuals can access the account, preventing unauthorized access from hackers. They only charge 0.1% on every market trade and LP orders have a 0.01% rebate.
Security & Compliance
- This transaction delivered ETH to an address that was designed to receive ERC20 tokens for your account on our platform.
- Due to a large number of assets, low commissions, demo trading and trading opportunities without verification, the site is a serious competitor for the leading crypto exchanges in the market.
- HitBTC provides two step verification for all users through the commonly used Google Authenticator.
- However, there are many complaints about their services, with users claiming they lost money on HitBTC.
Several users describe this as deeply frustrating, alleging it complicates the withdrawal process. Market Liquidity & VarietyBoasting some of the highest trading volumes in the industry, HitBTC provides deep liquidity across a vast range of pairs. This benefits high-frequency traders and those seeking diverse altcoins.
I’m part of the crypto space since 2013 and I strongly believe in it. But I also know how it feels to get scammed and to realize financial losses. With my website Cryptoscam.info I want to support you to stay safe and to give you a platform to share your experiences. Unfortunately, due to the heavy focus on the infrastructure and technology for their spot market trading, HitBTC hasn’t yet launched services for margin trading or lending.
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. Great thing about HitBTC is that they feature Demo Mode, which is there to help you out in getting familiar with everything on the website. 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. HitBTC is popular for its API, which is extremely stable and will satisfy the needs of algorithmic traders. It provides an easy back office integration, and it is compatible with HFT set-ups, and algorithmic trading systems.
Maximize Your Crypto Portfolio
HitBTC enforces anti-money laundering (AML) and know-your-customer (KYC) policies to ensure the platform is not used for illicit activities. Users are required to complete identity verification before accessing certain services, especially for higher withdrawal limits. HitBTC offers customer support in multiple languages, which is especially helpful for users from various parts of the world. This ensures that the platform is accessible to a global audience. Deposits on HitBTC are generally free for most cryptocurrencies. However, users should be aware of potential network fees, particularly when dealing with tokens on specific blockchains.
This platform is a total scam.By stroke of luck, I’ve successfully navigated the recovery process with the aid of a reputable recovery agency, reclaiming my funds from this scam exchange. If you’re struggling to recover your own money, email me directly (my address is on my profile) for advice and support. HitBTC is a secure crypto exchange platform that requires users to go through a long verification process. This includes providing personal information, residential address, proof of identity, selfie, and phone number. While this process is quite regular for all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. This step-by-step guide will help users to register and create their accounts on HitBTC quickly and securely.
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Clearing & System MonitoringA robust “System Monitor” section displays live insights into incoming/outgoing transactions and system health. This transparency reassures users about platform performance and uptime. HitBTC is a well-known crypto exchange, also offering several other products such as staking. Founded in 2011 by Nejc Kodrič and Damijan Merlak, Bitstamp is, by crypto standards, a historic institution.
The platform’s design is user-friendly and well-organized, making it easy for traders to navigate through the various features and options. The exchange has an intuitive layout with easy-to-read charts and a customizable interface. This design ensures that users can quickly access the tools they need without feeling overwhelmed. On the other hand, HitBTC offers a full-fledged demo trading that can introduce users to the world of Bitcoin and cryptocurrencies.