2024 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed
Today we will consider one of these trading platforms, which is named HitBTC. HitBTC confidently enters the TOP cryptocurrency exchanges in daily trading volume. And although liquidity is a very important indicator for a trading platform, it is far from the only advantage of this platform. We will talk about how to use it, as well as discuss the strengths and weaknesses of this project. HitBTC is a cryptocurrency exchange that provides a platform for buying, selling, and trading a wide array of digital assets.
Step 4: Complete the Trade
Although both exchanges have large trading volumes, Binance has the biggest liquidity on the market while HitBTC is only one of the best exchanges by this parameter. In 2021, HitBTC added fiat-to-crypto and margin trading options. That was a serious step ahead if we compare HitBTC and Binance. The latter has margin trading, too, but in the fiat market, it can’t offer anything except for stablecoins. A quick analysis showcases that while HitBTC provides great trading fees, it unfortunately charges some of the highest fees for withdrawals amongst competing cryptocurrency exchanges. HitBTC is a cryptocurrency exchange (a place where crypto users trade with each other) based in London (or so they say).
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To withdraw funds, simply click on the icon in the withdraw row of any Coin you wish to withdraw. Of course, this depends on how secure you feel about providing HitBTC with your personal documents. HitBTC claims that they keep all client material confidential and they have not suffered a hack as of yet. This is because you are “taking” the price you want right now (removing the liquidity from the books) by buying or selling limit orders sitting on the books. Claim your listing for free to respond to reviews, update your profile and manage your listing.
Hitbtc Review All You Need To Know In 2024
Here is a link to a Reddit thread that attempted to paint HitBTC as a scam site; however, it seems that this person merely locked themselves out of their account. Also, the poster’s integrity was heavily questioned based on his claim and post history. HitBTC’s Basic Account allows for anonymous trading of cryptocurrencies, albeit at modest levels. In this review, I’ll cover everything you need to know about this London-based exchange. However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism.
LENDING PLATFORMS
- If some of them seem suspicious you can terminate them in one click.
- Made an account back in late 2020, and preformed multiple trades, as at the time HitBTC offered many altcoins which were not available else where.
- In this program, you will receive around 4000 USDT (Fake money) worth of cryptocurrency.
- What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees.
The token hit the market on September 8 and quickly gained over 1000% in price. It has made headlines when after listing on a number of exchanges the token gained the price of $10 and even rose to $15 at some https://www.tokenexus.com/ point. Many of these tokens were distributed among the early dYdX platform adopters via an airdrop. HitBTC is a high-liquidity platform that provides instant order processing and reduces transaction costs.
- Of course, many people will argue the fact that the exchange can freeze funds whenever it sees fit is a negative when considering security.
- Diving deeper into HitBTC’s security protocols reveals a comprehensive approach that extends beyond the basics.
- Mara assures me they will help me log into my account and will send an email.
- Fees are dynamic, and adjust with automatically with the market.
- After you have created a profile on the exchange, you must enter funds on it to start trading.
- That being said, it’s recommended to wait for the app to be completely developed in order to have a full experience.
- That’s not something that many other platforms can offer.
Security Measures
- Our HitBTC review has disclosed the simple fee structure for customers wishing to trade cryptocurrencies on the HitBTC platform.
- This makes it not beginner-friendly and extremely restrictive.
- The platform was founded in China in 2013 and managed to survive in a highly competitive environment.
- They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called.
- Despite a clean and efficient-looking ticketing system, there are more negative reviews for support than positive ones.
As an internationally-recognized standard, the HitBTC FIX API is suitable for brokers, corporations, rating agencies, hedge funds, investors, and other user types. The Demo account is suitable for beginners who want to have a real-time experience in trading. That being said, you can credit yourself with a test fund and apply different strategies when trading.
Originating in Hong Kong, this platform has become a go-to destination for traders globally. I have emailed my reply, and will I be able to withdraw my revenue without paying ransom? Your agent did request 20% in advance to a special address. HitBTC should stop what they are doing and return the ransom money to their cliental who paid the ransom not knowing the Accelerator Package is actually deceiving them. NowHitBTC-eth.net is infringing on the real HitBTC and should cease operating using the HitBTC.com name.
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. Our HitBTC Review has disclosed the simple fee structure for customers wishing to trade cryptocurrencies on the HitBTC platform. The exchange doesn’t charge any fees for cryptocurrency deposits; however, there is a fee for placing orders and withdrawing funds from the site. HitBTC allows HitBTC users to trade crypto along with a vast selection of currency pairs. Additionally, HitBTC has developed a voting application and a demo trading platform for beginners offering them to try and trade cryptocurrencies on its Demo platform first. Moreover, HitBTC organizes various trading contests, allowing users to measure their skills against other traders and get more experience.