HitBTC Review The Ultimate Guide 2023

HitBTC Review

We have escalated the issue to our second-level support experts and flagged it as a high priority. I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about. Whenever I claimed a new coin from one of these Bitcoin forks, I would immediately sell it on HitBTC. In my opinion, there’s nothing more alarming than a company that remains in the shadows regarding its staff (see BTC-e’s history to understand why).

HitBTC Review

The exchange does not charge deposit fees for depositing cryptocurrencies. However, withdrawal fees vary according to the cryptocurrencies you want to withdraw. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. OTC trading allows users to perform high-volume trades without going through the public order books. It means that you make your deal directly with the counterparty without affecting the market price of the coin or token.

How to Register With HitBTC?

HitBTC lists over 300 different cryptocurrencies, which equates to over 800 different trading pairs. There is no reason why HitBTC should not hold a regulatory license, especially when one considers that the exchange has been operational since 2013. 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. These fees are extremely competitive, meaning that the platform is potentially suitable for high-frequency traders. 74% of retail investor accounts lose money when trading CFDs with this provider…. However, unregulated anonymous exchanges in obscure locations do attract their share of critics.

  • For us, there are just too many negative reviews about the platform, and thus, we cannot endorse HitBTC as a safe exchange to deposit money with.
  • None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.
  • Moreover, the exchange offers exclusive rebates to HIT owners and gives discounts for HIT trading pairs.
  • Lost 50% of my profit just because these mf’s went short with our Dogecoins, and in order not to lose money just put the exchange rate 50% lower and blocked the withdrawals.
  • When the deposited funds are added to the account, you’re all set to start trading.
  • This will open up the main listing of cryptocurrencies and allow you to select the coin you are interested in.

Remember, in order to deposit fiat currency, you must get verified. Setting up an account is a breeze and verification isn’t necessary for small amounts. However, if you wish to increase your limits and access fiat currency, you need to take things a step further. HitBTC is one of the largest and most comprehensive platforms by BTC volume on the market.

HitBTC Review [The Ultimate Guide 2023]

HitBTC is an exchange for the experienced cryptocurrency trader interested in trading altcoins. In our HitBTC review, we found that it is a secure and reliable cryptocurrency exchange with a wide selection of coins and trading pairs. It offers advanced trading tools and features, including margin trading and a wide range of order types. HitBTC features extremely liquid marketplaces for trading digital assets, tokens, and fiat currencies (USD, EUR, etc.). As per our HitBTC review, if the user wants to trade cryptocurrencies, HitBTC charges a simple fee structure.

HitBTC Review

A drop down tab will open up with a receiving wallet address. Copy this address into your depositing wallet and begin the transaction. It usually takes several hours for a deposit request to process. Once you’ve agreed to all terms and conditions your account is active and ready to go.

HitBTC Review: Conclusion

HitBTC is a crypto currency exchange owned by HIT solutions Ltd, which is based in Hong Kong. Although the HitBTC support team operates 24 hours per day, the only contact channel available is the online support https://www.tokenexus.com/ form. Therefore, if you prefer the likes of live chat or telephone support, you’re out of luck. When the link opens a new tab, you will need to copy and paste the code that was contained within the email.

Featuring over 800 trading pairs and more than 500 spot instruments, it’s no surprise that thousands of users worldwide leverage HitBTC’s trading services. Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits. However, withdrawals are subject to flat fees, which can be particularly costly for some newly listed cryptocurrencies. Following account creation, you must log in to your HitBTC account and make a deposit.

How to Buy Crypto on HitBTC?

Go to your trading terminal then and choose your preferred trading pair from the “Instruments” section to set up your first order. Still, there are some glaring issues that need to be addressed as soon as possible. They also have an advanced tracking and link creation system where you can create different links and monitor their relative performance in your affiliate dashboard. There is a minimum requirement for a withdrawal of your affiliate commissions and that is 0.1BTC.

This guides you to create an account and deal with basic issues. Live support is effectively nonexistent for HitBTC and email requests have a long response time. If the whitelist is enabled, you will only be able to withdraw cryptocurrency to whitelisted addresses. This prevents a hacker from HitBTC Review adding new addresses to your account for 48 hours after they gain access. If you go through the password recovery process, there will also be a 48-hour lock on withdrawals. Like most major exchanges, HitBTC encourages users to take precautions when creating and securing their accounts.

Nevertheless, I settled on HitBTC and so far I’m happy with everything. The service turned out to be decent, without unnecessary problems and complications. In addition, I want to praise the support, which, albeit not always quickly, but always effectively solves the assigned tasks. I lost all the money in my account, all of it, due to a hidden HitBTC fee.

HitBTC Review

Posted in Cryptocurrency exchange.