HitBTC Exchange How to trade? Review, Fees BitcoinWikitest
The robot-friendly API of this platform is known to be appreciated among traders for its execution feeds and low latency data. The ìSystem Healthî page offers the platformís members live statistics for deposits, transfers, trading, and withdrawals, plus updates on maintenance operations. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors.
But this is one of the possible outcomes for a financial services industry that is not well-regulated, and which has so much money pouring through it at all times. There are simply too many reasons for dishonest exchange owners to funnel user funds into their own private wallets. 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. Only then can the better exchanges rise to their deserved level of prominence.
You should then see a long list of coins that you can deposit with. Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column. Founded in 2014, HitBTC only charges its users 0.01 percent per trade. Select the amount of Bitcoin you wish to purchase and copy your HitBTC Bitcoin address into the wallet address field. Type in your payment card and personal information and proceed to the ID verification window.
- Angry users are many, and HitBTC can’t be seen as an option for crypto users.
- Follow the steps above to get to the main deposit window, then click on the Buy Bitcoin with Credit Card button located just above the list of cryptocurrencies.
- Lastly, tier 10 users with a monthly volume exceeding 100,000 BTC must pay a 0.01% maker fee and a 0.02% taker fee.
- The addresses of these cold wallets remain unknown to prevent any eventual damage or loss.
- Word of warning, there have been a large number of user reports that HitBTC is accepting withdrawal requests then freezing them.
Depending on the amount and type of fiat currency, users need to pay a transaction fee for withdrawing fiat currency from this exchange platform. Furthermore, they will be able to decide which are the best ICOs to invest. After reviewing many exchanges, these problems don’t sound so unusual to us . As with Russian crypto exchange YoBit, HitBTC’s formerly reliable service has devolved into a model with all of the earmarks of a common scam. Angry users are many, and HitBTC can’t be seen as an option for crypto users. At its best, HitBTC was an intuitive and reliable exchange, allowing users to trade some of cryptocurrency’s most popular assets .
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Support responds to all requests within several hours, did not wait any longer. You’re required to provide ID verification before you can complete the purchase of Bitcoin. You will need to provide your full name, address, a government ID, and a selfie of your holding said ID. Once you are verified you will be able to complete the transaction and begin the transfer. Cryptogeek.info needs to review the security of your connection before proceeding. In conclusion, HitBtc is a good alternative for both new and experienced traders with no need to move their funds frequently in and out.
All the connections on the platform will be shown to the users as well as sending them notification if their account was signed in from a new IP address. These issues are not insurmountable, but they are definitely more confusing that many new users are willing to tackle. That’s why alternatives like eToro give users a much easier way to profit from cryptocurrency investment. As mentioned earlier on, HitBTC supports hundreds of trading pairs and cryptocurrencies.
HitBTC declares it’s main focus on implementing cutting-edge technologies to cryptocurrency trading. The core matching engine is stated as the most advanced technological product in its class. It implements real-time clearing (T+0 settlement), advanced order matching algorithms and has been acclaimed for its fault-tolerance, uptime and high availability. Icotokennews.com is only a website offering information – not a regulated broker or investment adviser, and none of the information is intended to guarantee future results. All the analyses and reviews are personal opinions of the author. Icotokennews.com is in no way responsible for any claims, losses or expenses that may result by following our advice.
HitBTC also offers personalized OTC (over-the-counter) trading services for high-volume traders. Over the counter traders take place as a result of a partnership with TrustedVolumes.com. Besides basic verification, professional traders might want to upgrade their account to PRO status using HitBTC’s UK-based partner Bequant Technologies. The service is accessible via bequant.io and is dedicated to Institutional and Professional traders only. You will only need to verify your identity at HitBTC if you want to deposit and withdraw funds using a bank wire.
Exploring the HitBTC Trading View
In the top right corner, you can select Register to be taken to the main account creation page. The second is to enter your email and a secure password in the registration fields on the home page, then press Start Trading Now. Depositing and withdrawing funds requires just a few clicks and scrolling to select the cryptocurrency you want to view. HitBTC has the stated goal of being the most advanced cryptocurrency exchange in the world.
Many users online seem to complain about forced know your customer checks when withdrawing funds, so a good practice would be verifying your account before starting to trade on HitBTC. If you haven’t quite got the time to read our review all of the way through, then we concluded by noting that we cannot recommend HitBTC as a credible exchange. The platform not only has a history of moving from jurisdiction-to-jurisdiction, but it has a significant number of bad reviews in the crypto community.
Lots of traders from around the world are drawn to and kept by the firm because of its broad selection of financial goods and sophisticated investment strategies. A list of top cryptocurrencies on HitBTC exchange based on the highest number of markets available for trading. A list of top markets on HitBTC exchange based on the highest 24h trading volume, with their current price. HitBTC was founded in 2013 by leading technical minds, high-level finance professionals, and experienced BTC traders. Since then, millions of traders choose Hit BTC and use the app’s advanced tools and features for a versatile cryptocurrency experience. For the inexperienced cryptocurrency buyer or trader, navigating the HitBTC website is, at first, a dizzying experience.
On the technical side, it has been described as having very good fault tolerance. With responsive and feature-packed terminal users can trade effortlessly any of the currency pairs in milliseconds. Bids and Asks are updated in real time, and the chart running on the page is quite solid. To ensure the security of the platform, a second authentication step for signing up has been added. Moreover, this platform also keeps a login history of the users.
Hitbtc Review and Full Guide 2020 – Is This Exchange Safe?
If you choose to proceed anyway, you’ll be taken to the withdrawal window and asked to enter in the amount you wish to withdraw and your destination address. Technically, HitBTC doesn’t require ID verification to trade and use its platform. In practice, you’ll have to complete an ID verification once you try to withdraw your funds. HitBTC requires you to use an authenticator app rather than a phone number.
Much of this initial complexity comes from how HitBTC is focused more on the experienced trader than on people new to cryptocurrency. As such, more experienced retail traders and professionals should not have issues with the exchange’s interface. Besides, some customers have complained online that theyâ€™ve been unable to withdraw their funds from the trading platform. During its six and counting years of operation, HitBTC had a colorful history with numerous accusations.
SEPA payments are processed the same day and are charged no commission or processing fees . International wire transfers are also accepted and the processing time ranges between one and three days. HitBTC has its own blog section where official announcements, listings, trading hitbtc exchange review tips and tutorials are published. The blog also serves as an official source of information for token releases and news of the platform. Easily buy and sell Bitcoin, Ethereum, Litecoin and other virtual currencies with Euros on the world’s most trusted exchange.
There is no limit or fee for depositing cryptocurrencies on this cryptocurrency exchange platform. Depending on the size of their deposit and the cryptocurrency used, the users https://forex-review.net/ of this platform will be charged a fee for depositing fiat currency . Many professional investors are attracted by the relatively low fees charged by the platform on trades.