Hitbtc Review 2021 » Is Trading With Hitbtc Safe?

It’s very important to keep that in mind before you submit any requirements to them so that you wouldn’t experience any issues when it comes to your account verifications. Once you’re in demo mode, you can make adjustments, check out the graphs, and make trades without having to sweat the outcome. HitBTC has some of the most in-depth and trader-friendly features on the market. HitBTC’s Basic Account allows for anonymous trading of cryptocurrencies, albeit at modest levels.

Despite any difference in opinion, Cryptopay tokens are still listed on HitBTC exchange, meaning that the relationship is not completely over. Although not to much came out about it in the press, users were vocal of their displeasure on online forums and review platforms. HitBTC did not cover themselves in glory as they refused to provide any information about the incident. Many users complained of their coins being ‘lost’ on the platform, as well as delayed or no withdrawals from the exchange.

Step 3: Buy Crypto

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market. To initiate a transaction copy and paste your wallet address at a third-party service. All traders will be happy to hear that HitBTC is developing a mobile app for iOS and Android devices that you can download on Google Play Store and Apple’s App Store. If you haven’t done that before, you could make trades that would bring you huge losses. To avoid that, it’s important to figure out how the platform works first. 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.

None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner. HitBTC Support Center provides a lot of answers to FAQs you might have about the exchange. Captain Altcoin is made up of investors and digital currency enthusiasts. Thanks to their API’s, HitBTC is known for being able to be friendly enough to people who are into creating trade bots. When you search Google for “HitBTC”, a Wikipedia information shows up.

Search Inside Bitcoins

It exchanges a wide variety of digital assets, including most popular cryptocurrencies like bitcoin , ethereum , litecoin , ripple , dogecoin , monero , tron , dash , EOS and tether . It’s also one of the few exchanges open to bots, providing a range of APIs that help tech-savvy customers trade automatically.

Once you are happy with the figures showing in the trading box, click on the green ‘Buy Limit’ button to complete your trade. As HitBTC has one of the largest trading volumes in the industry, your trade should be executed in a few seconds. They do not give specific date on when the “maintenance” will be completed. You can trade that “maintenance” coin, but once you move the “maintenace” coin from your spot to wallet, it is not reversible. When you try to withdraw, it says system “maintenance” for this coin. HitBTC supports almost 800 different crypto assets on its exchange.

Hitbtc Api

This is really the only beginner-friendly feature that I found. It allows you to make trades and become acquainted with the settings and interface.

• If you want to trade Bitcoin or any other coin for USD, for example, you’ll have to settle for Tether or similar stablecoins.
• Today the picture looks much different with them offering trading in over 300 currency pairs across 775 active markets.
• That’s not to say their entire exchange is the most advanced.
• If they are using a bank transfer to deposit funds, they should undergo a verification process which will take some time.

The biggest difference between HitBTC and other exchanges is the way in which funds are categorized on the “account” tab. This is because HitBTC gives each user two accounts , which both have different functionalities.

Hitbtc Security Measures: Is Hitbtc Safe?

If, however, you require just a specific conversion of the occasional fork or cryptocurrency, they will probably get the job done. HitBTC gets a mixed of positive and negative reviews online. It seems a bit odd to me that a company knows there is a technical issue on their side and instead of immediately reimbursing my balance, they just keep me waiting with no access to my funds. 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.

Aside from this minor event, HitBTC has not faced any major security issues. HitBTC is a Europe based cryptocurrency exchange that began in 2013 and now is operated by HitTech limited, based in Chicago. Unlike its name, that involves the abbreviated BTC in it, HitBTC is actually a multi-currency hitbtc review exchange instead of just a Bitcoin-oriented platform. In the final category of our HitBTC review, let’s examine the overall customer service experience. According to various customer reviews, HitBTC is relatively slow and sometimes non-responsive to questions from users.

How To Use Hitbtc And Get Verified

Just because one or two employees do something bad, doesn’t mean that a company is corrupt from top to bottom. But a company must act fast and fiercely to rid itself of fraudsters, actions HitBTC has not seemed to take part in. Choose your favourite crypto coin and select a “Instant/Market Order” to buy it instantly.

The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day. Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee. However, what you should know is that the higher amounts you trade, the lower your fees will be. Without further ado, let’s jump to HitBTC review and find out more about this cryptocurrency exchange. As mentioned elsewhere in this review, trading on HitBTC is satisfying.

You will only need to verify your identity at HitBTC if you want to deposit and withdraw funds using a bank wire. You might need to send some ID in if you are trading significant amounts, too. HitBTC charges just 0.1% in trading fees, which makes it very competitively priced. In March 2019, HitBTC announced that is was getting close to launching its native mobile app. Although the app is now available to download free of charge via the Google Play store, it is still in development mode.

Step 1 Open An Account With Hitbtc

This major platform offers everything that HitBTC has and beyond. Margin trading, margin funding, and a suite of order types all appeal to experienced traders. Launched in 2013, HitBTC was one of the original cryptocurrency exchanges. Known for its fast order execution, a large selection of assets, and low trading fees, HitBTC has acquired a reputation among institutions and high volume traders. I’d like to begin this review with some basic facts about HitBTC. The exchange was founded in 2013 which makes it one of the oldest cryptocurrency exchanges on the market. Together with several other old-school projects, HitBTC team has created a basis for the modern crypto-to-crypto exchanges as we know them today.

If you miss one letter when you’re sending your coins from exchange to wallet, your coins will likely be lost forever. Similarly, if a hacker uses software to replace your wallet address with their own wallet address, you’ll be inadvertently donating your funds to these thieves. When you buy coins, you have to store them in a personal digital wallet. This is a piece of software you download separately from the coins you buy, and from the exchange you used to buy them.

Access Hitbtc From Mobile

As you can understand HitBTC incentivizes users to be makers by charging lower fees or even providing rewards instead of fees for those who place new orders. BTC/USDT Chart on HitBTC exchangeUser reviews about HitBTC exchange are mixed. Some of these reviews have dated badly, some lack important facts, and others don’t address the exchange criticism properly. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

It is possible to monitor exchange markets, collect you favourite symbols in one view for quick access, view detailed information on each trading pair. The views expressed on this blog are based on personal opinion and experience, and should not be considered as professional financial investment advice. For our live charts & news, we’re using the awesome APIs from CryptoCompareandCryptopanic. Yet another user shared their experience about not being allowed to access their funds despite having deposited them earlier. The comment from May 7, 2018, like the instances above, also saw other users sharing similar situations that they had experienced themselves. Experienced traders who utilize trading bots on a day to day basis can also leverage the HitBTC REST-API, which according to the exchange is a low latency API with easy to run execution feeds.

If you want to trade Bitcoin or any other coin for USD, for example, you’ll have to settle for Tether or similar stablecoins. Mind that HitBTC’s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency. HitBTC offers a demo account for new cryptocurrency traders. The first step in this HitBTC how to trade guide is creating an account by visiting the HitBTC website. You should then receive an email, containing a link to activate your account. Once this link has been followed, your account is now active and you can begin trading.

This has placed their UI as a secondary development to the API. In general, these two problems are the worst issues of HitBTC. Please note that if you face any of these problems it doesn’t mean that the exchange is a scam and most likely all of your problems will be solved after a while. The Exchange tab also provides a look into the current market state and allows you to see the latest sales made on HitBTC, the order book, and other information. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Author: Tor Constantino

---