Cryptocurrency exchange

HitBTC Review Read This Before Trading Crypto on HitBTC 2024

HitBTC Review

Margin trading is extremely risky however, as users must cover any loss caused by falling crypto prices. For the BTC/USDT margin trading pair, users can expect a 1M USDT borrowing limit for long positions. For those looking to deposit fiat directly via HitBTC Review HitBTC, this option is apparently no longer available. There are a few reviews written previously that say fiat currencies (USD, EUR, GDP) are supported. However, the exchange website (in November 2018) now says it does not offer fiat deposits.

Still, any exchange with the most cutting-edge technology is going to attract traders. OTC Trading – HitBTC offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K). Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column.

Part 2 THE WHOLE COMPANY IS CORRUPT FROM THE TOP TO BOTTOM

At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership. When it comes to trading fees, compared to HitBTC, Bybit offers comparably lower fees. Apart from trading fees, ByBit also offers minimal withdrawal fees compared to any other top Exchanges. These two points are key reasons behind the success of ByBIt, making it one of the top #3 Exchanges worldwide in terms of market cap and trading volume. HitBTC was established way back in 2013, making it one of the few older exchanges within the crypto space. However, keep in mind that not all Altcoins are available, but most of the popular including Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), and more.

  • It also values users’ data and privacy and is entirely GDPR compliant, as you can delete your data from the exchange at any time.
  • Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits.
  • Customer support certainly seems to be the area where the exchange is lacking.
  • As you can see in the picture below, starting from Tier 9, you will be paid 0.01% back of the trade that you make.
  • We’ve shown you how to register, deposit funds, and make your first trade.
  • Tier 5 users with a 30-days trading volume ranging between 1,000 BTC and 5,000 BTC can expect to pay a maker fee of 0.03% and a taker fee of 0.06%.
  • HitBTC is a relatively new exchange that claims to be the most advanced in the crypto space.

We write product reviews and comparison articles in the field of cryptocurrency. You can directly click here to open the support ticket of HitBTC. Another option is to scroll down till the end of the Home page and select the “Support Center.” In the support center, you will see a “Contact Us” button.

Hitbtc Withdrawal and Deposit Fees

While it is a positive that HitBTC does have a social media option for addressing customer issues (Reddit), there have often been queues of unanswered questions at times. HitBTC team members have designed the HitBTC platform with diverse types of users in mind, with various accounts https://www.tokenexus.com/what-is-usd-coin-usdc/ for them to choose from based on their trading style. HitBTC is also one of the few exchanges to provide trading bots with a range of APIs to help advanced traders trade automatically. As is the case with most third-party cryptocurrency exchanges, HitBTC only offers a web wallet.

HitBTC Review

HitBTC features high-volume trading, and the trades are executed in a matter of seconds. And finally I started a payout and it arrived within 1 hour. I understand there are a lot of security precautions, but it’s also in the interest of the customers. I don’t know if only people are too impatient or they really couldn’t take out their crypto, but I have a feeling that the first case since I’ve never had a problem with the withdraw before. Ergo they either didn’t update the withdrawal fee or their system has a problem and deducts more than it should. And it’s no small difference $ 20 more crypto was deducted from the amount what I withdraw.

HitBTC Trading Fees

There is also the option to terminate all sessions, which will automatically log out all your active sessions, except for the one you use to perform this action. On a related note, you can enable automatic logout, which is once again on the “Security” tab. You can choose how often you are logged out automatically, with options of 30 minutes, 1 hour, 8 hours, 1 day, 7 days, or never. You can see your history of trades within a given market by looking at the “My Orders and Trades” section. Now, you can choose which type of order you want to complete in the Buy and Sell boxes.

  • After that, a Signup window will appear, which will ask users to fill few details.
  • Therefore, it depends on you and your risk tolerance level – Whether to trade on it with completing the KYC and regulating extra securities or not?
  • Ultimately, you should spend some time assessing whether you feel comfortable depositing your hard earned money with a platform that has no regard for regulation.
  • Each contract only works with a single trading pair, and there are several categories of contract.
  • They are liars, theives and groups are already forming to pursue and arrest their “CEO” across the globe.They’ve been “day trading” users’ funds for years, and they’re just horrible at it.

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