2023 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed

markets60 - 2023 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed
image3 2 - 2023 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed

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. Ryan, thanks for sharing your personal experience, Hitbtc doesn’t target accounts holding small funds, in the meantime why to deny that Hitbtc is blocking traders funds? The HitBTC exchange is considered a legit & safe trading platform as it has included many security features to protect its users. Also, there is no proof that this platform has been hacked which shows strong security.

For one, there was the ire that they have attracted from cryptocurrency trader “Sicarious”. Something that many exchanges offer is an affiliate program where you can refer other traders and earn a commission off of their trading. Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals. 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. Even before a company that does an ICO releases their tokens on exchanges, HitBTC allows users to buy the IOU’s of ICO coins and store them in their HitBTC account.

Those who trade BTC or more in 30 days receive a 0.01% reward. That said, the actual mechanics of how the site works and how a user trades are surprisingly straightforward. As such, trading on HitBTC may not be too difficult even for complete beginners. Meanwhile, verified users fall into HitBTC’s tier fee system, which determines trading fees based on the user’s trading volume during the past 30 days.

It was November-December 2017, users’ overload, Bitcoin $20000, etc. It took a while for them to answer, though everything was solved later… My advice is to have enough patience in case the support is too busy answering other quesmarkets60ns. 2023 update – HitBTC has hardly innovated anything in the past 2-3 years. Their interface and user experience are the same as in the 2017 era. Whether these comments and criticisms are warranted is hard to determine.

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you with that other person . With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in quesmarkets60n, without the interference of any third party.

As soon as you click on both currencies, the page automatically refreshes and displays informamarkets60n on the selected pair. On March 23, 2023, HitBTC listed Arbitrum , a popular long-anticipated token of the Arbitrum blockchain. This blockchain is aimed at solving the protracted scalability problems of Ethereum. The ARB perpetuals gained strong tracmarkets60n on the DeFi platforms. The project became popular as it promised to critically decrease the Ethereum blockchain congesmarkets60n by deploying the sidechain transacmarkets60ns, making the Ethereum operamarkets60ns quick and cheap.

Top 5 Wallets

HitBTC was founded by using 6 million euros of venture capital money. It has not been revealed yet, who was the founder of this website, or the mastermind of this platform. It looks to simply be a venture by a company that thought it would be a good idea to start a cryptocurrency exchange.

2Q== - 2023 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed

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. The Demo account is suitable for beginners who want to have a real-time experience in trading. That being said, you can credit yourself with a test fund and apply different strategies when trading. 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. I bet that the majority of you were looking for a HitBTC exchange review because you wanted to make sure that this platform is legit and suitable for trading.

HitBTC Review 2023: Is It A Good For Traders?

You do not have to go far to find numerous complaints online about their slow response to customers. This is probably compounded by other accusamarkets60ns that they traders have been unable to withdraw coins or having funds missing when making transfers. For issues that require users to email the support team, there have been complaints online about very slow response time . Most common problems people have complained about are withdrawal delays and inexplicable loss of funds. If you’re an institumarkets60nal investor, you’ll find the HitBTC platform and its scalable fee schedule to be a good fit.

While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. The very first aspect that multiple HitBTC reviews distinguished is the fact that this crypto exchange has poor customer support. If you want your account to be extremely secure make sure to create a strong password.

  • HitBTC has the “Terminate all sessions” button that, when clicked, will immediately log out everyone, except you, of your account.
  • This review aims to make it easy for the user to decide which crypto-exchange they would prefer to use.
  • There are some disadvantages in this exchange, but all in all it is not bad.
  • HitBTC serves most European and Estonian markets, but it’s also easily accessible to users across the globe, with several exclusions.

A really interesting feature of HitBTC is their trading of ICO coins. When you place an order that doesn’t fill immediately , you are a “maker,” who is providing liquidity to the order book, and you pay a reduced “maker” fee for this. To confirm if there was a hack, you can view your latest activity, which records when you logged in/out, withdrew or deposited money or changed your password. They also have positive reviews for their high availability, uptime, and fault tolerance. HitBTC is a relatively new exchange that claims to be the most advanced in the crypto space.

HitBTC Review: Verificamarkets60n Process

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. Please note it’s the user’s sole responsibility to ensure that their namarkets60nal laws allow you to use HitBTC. HitBTC provides its services on the Terms of Use, and every trader must read and accept them before starting to use our platform.

It increased the precision of the data displayed on HitBTC and opened better opportunities using API. More than that, the TradingView users now can manage their trades via HitBTC. The team anonymity and the lack of clearness about the headquarters locamarkets60n make some individuals distrust the platform.

The counterparts agree on the price between each other, no matter what the market prices are at that moment. HitBTC LiquidityHitBTC is a high-liquidity platform that provides instant order processing and reduces transacmarkets60n costs. Therefore, due to its high liquidity, the platform creates low transacmarkets60n fees. Also, on the HitBTC exchange, there are such coins that are not on other top sites. This makes the platform unique, and traders receive addimarkets60nal liquidity.

fxchoice screenshot 1 - 2023 HitBTC Review: Is HitBTC Legit? In-Depth Analysis Revealed

The MT4 hitbtc exchange review is no doubt one for professional traders who do a great deal of technical analysis. You cannot withdraw or deposit ICO coins before the company issues the real tokens. Once they are issued, the IOU’s are converted to real tokens that can be withdrawn or deposited. At this time it’s not clear how selective the process is, but it seems like they are trying to differentiate from other exchanges by offering the lowest barrier to entry to get listed.

Is HitBTC safe?

You will need to create a separate account for the demo platform. In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges. Buy bitcoin or deposit some other cryptocurrency and start trading immediately without verificamarkets60n.

However, the website definitely states that the Hit Tech Solumarkets60ns Development is based in Seychelles and the exchange has its rep office in Chile. The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total. In this situamarkets60n, it’s best to go with your gut feeling and remember the golden rule – never trade more money than you can afford to lose. To qualify for HitBTC’s OTC service, you must exchange over USD 100,000 per trade.

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 opmarkets60n for crypto users. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.

The exchange can facilitate the blocking of transacmarkets60ns with OTC models from the same account, acting as a bank transfer intermediary in order to avoid counterparty risk. The system registers each new user who has entered the email address and password on the official website of the exchange. The developers of the website took care of their users, who can trade both day and night, so they developed two types of design – day and night. Trades might also be happy to start using the HitBTC mobile app for iOS and Android devices. The app is available on Google Play Store and Apple’s App Store.

I kept xtz in hitbtc as they are first…

The https://forex-reviews.org/ wallet is actually an integral part of the trading platform because users must deposit cryptocurrency first, in order to be able to trade crypto assets. The exchange applies top-notch security measures to ensure the safety of your private keys, so you needn’t worry about having them stolen. Still, if you need a place to store your keys long-term, hardware wallets are always a better permanent solumarkets60n. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms.