HitBTC exchange offers a Demo platform to try and trade cryptocurrencies for users who are beginners. To experience the demo trading, users can register themselves and access it. After completing the registramarkets60n process, you have to deposit some funds into your HitBTC account. This process includes depositing using a cryptocurrency rather than through a bank account. Depositing using the bank account requires a complete verificamarkets60n process, which takes time.

The HitBTC exchange supports and accepts Fiat currencies to buy cryptocurrencies. HitBTC verificamarkets60n process is to ensure the platform conforms to the internamarkets60nal Anti-Money Laundering and Know Your Customer regulamarkets60ns. ID verificamarkets60n is mandatory for customers that trade on the platform which offer incentives such as lower trading fees. Verified users can obtain maker and taker fees of 0.07%, compared to 0.1% and 0.2% for unverified users. Suppose the user wants to trade Bitcoin or other cryptocurrencies.

There are currently more than 500 supported major and minor cryptocurrencies on HitBTC. This puts it in a favorable posimarkets60n alongside top-ranked exchanges such as Binance and Bittrex. The withdrawal process for HitBTC is the same as the deposit. You select the currency balance you wish to withdraw and then enter in your destinamarkets60n address. Make sure you check the current withdrawal fee before processing your transacmarkets60n. Many users remain unable to access their withdrawn funds even months after submitting their ID verificamarkets60n.

Furthermore, the exchange might ask for user email and mailing addresses and a contact phone number. In some cases, the exchange can ask for such informamarkets60n as an alias and the account password. Another trading feature available on HitBTC is OTC trading or “over the counter” trading, which means high-volume trading that doesn’t show up in the order books. In OTC the traders make a deal directly without affecting the market price of the asset. The trading fee for OTC is 0.1% and the deals should be worth at least 100,000 USDT .

This way, you’ll be able to terminate all the potential threats immediately. If, however, you require just a specific conversion of the occasional fork or cryptocurrency, they will probably get the job done. Personally, I would choose Binance since I value reputamarkets60n more than anything, however it really depends on your needs. 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. By accepting our Terms of use before creating and using their account, every trader undertakes to complete this procedure should it be requested.

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 destinamarkets60n address. 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 informamarkets60n and proceed to the ID verificamarkets60n window.

Low Trading Fees

It looks to simply be a venture by a company that thought it would be a good idea to start a cryptocurrency exchange. The Chicago based company, Hit Tech limited were responsible for HitBTC. Despite any difference in opinion, Cryptopay tokens are still listed on HitBTC exchange, meaning that the relamarkets60nship is not completely over.

The next thing you should do after this is change your password so the bad actor won’t be able to log in one more time. Another security feature is the opportunity to create a whitelist of withdrawal addresses. This move will forbid withdrawals to the addresses that are not included in the list.

• These are derivative instruments which means that you are not buying the underlying asset but merely trading on the price difference.
• However in the past, it’s been criticised for lengthy withdrawal times due to technical maintenance issues, which has left clients feeling frustrated.
• This means 0.015 BTC will then be added to their 30-day trade volume total.
• Support responds to all requests within several hours, did not wait any longer.

HitBTC reviews show that it has been given mainly positive feedback from customers. Its 2-factor authenticamarkets60n and encrypmarkets60n technology has appealed to many users, who have left positive feedback. However, the fogginess surrounding company owners, licensing and lengthy withdrawal times is a cause for concern amongst clients. Overall, HitBTC reviews show it seems to be deemed as a ‘mid-level’ exchange, with pros and cons. It is trusted by clients but could also benefit from improvements to increase client satisfacmarkets60n, including adding a live chat customer service feature.

HitBTC Deposit & Withdrawal Fees

As soon as everything set up – click “Buy hitbtc exchange review” – an order is created. Once it is completed, BTC will automatically be withdrawn from your wallet, and ETH will automatically be credited. Look at how many coins we have – how much we can buy ETH for. Good-Till-Date / Time – Statute of limitamarkets60ns / Time – automatically expires on the specified date and time.

I spend a lot of time exploring crypto exchanges and understanding how they continue to resolve existing issues, their growth, innovamarkets60n, and overall experience. As I discover an exchange worth sharing, we share it with the world. At the same time, if I discover an exchange with a business practice not matching the growth, I warn all my readers and give them alternative opmarkets60ns. Deposit and withdrawal credit times vary from time to time, dependent on the coin.

Conclusion Of HitBTC Review And Best HitBTC Alternatives:

According to their website, Hitbtc is located in Hong Kong, with their offices in Chile too. The postal address of Hitbtc is Unit 19, 7/F., One Midtown No.11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong. You can directly click here to open the support ticket of HitBTC. Another opmarkets60n 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.

Even if we consider that the 2022 market is mostly sagging, it will be a pleasure to deal with this platform. The whole funcmarkets60nal interface and its interface provide a user-friendly experience. Transacmarkets60ns proceed smoothly, the withdrawal of coins and replenishment of the account is normal.

• Thankfully, HitBTC has straightforward policies regarding account funding and withdrawals as well as an easy to use system for getting started.
• Choosing an exchange for myself turned out to be more difficult than I thought because literally every platform has a lot of negative comments.
• While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto.

https://forex-reviews.org/ is said to be a Hong Kong based cryptocurrency exchange established in 2013 by a group of finance professionals and technical specialists. It describes itself as the world’s most advanced cryptocurrency exchange. HitBTC is a centralized exchange that allows trading of a wide variety of cryptocurrency, including most major altcoins. To turn it on you should use a side applicamarkets60n that will provide you with temporary codes generated automatically on your mobile device. There’s no need to recall or write these codes down because they are refreshing every 30 seconds, so without having your mobile device, it’s impossible to sign in into your account. The importance of using 2-factor authenticamarkets60n can’t be underestimated.

Nevertheless, it also has numerous concerns surrounding it, which we address further in this HitBTC review. HitBTC has the stated goal of being the most advanced cryptocurrency exchange in the world. Its website and overall technical proficiency tend to support this.

OTC Trading – HitBTC offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K). I have been trying to do a withdrawal and everytime, I am given some fee to pay. They refuse to deduct the fees from my balance stating that during withdrawal period, my balance is immovable. I am only withdrawing a few coins and have a decent balance. Very annoying as I have agree to making these payments but when it comes towithdrawal, there’s some sort of fee that can’t be deducted from my balance.

I lost all the money in my account, all of it, due to a hidden HitBTC fee. The charge is US$10 per month if you have more than 6 months of inactivity. This charge can only be discovered in the terms and condimarkets60ns, since it is not reported on the fees page .

HitBTC pros and cons

Support responds to all requests within several hours, did not wait any longer. You’re required to provide ID verificamarkets60n 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 transacmarkets60n and begin the transfer.

This is not my first year in the crypto environment and from time to time I have to change exchanges for various reasons. Hitbtc turned out to be the next exchange I switched to and I can say that having experience with other services, I can praise this one. When buying or selling cryptocurrencies, difficulties can often arise, but this hasn’t been observed here for months. Calls to technical support were considered in a short time, which allowed me to quickly solve problems. The exchange operates on clear and transparent terms, which is good news.