HitBTC.com

Description

If you’ve ever visited HitBTC.com, you’ll remember the first thing that greets your eyes “the most Advanced Bitcoin Exchange.” Now, we’re wondering, like you, if indeed it is as advanced as it’ll like us to believe. For most traders, this exchange is easy to use and simple, and any novice trader can navigate the interface, but there’s no denying the fact that it has got some things wrong. We’ll find out if HitBTC.com is an advanced legit exchange or some “advanced scam.”

Review of HitBTC Exchange

HitBTC became popular in 2016 even though it began its operations in 2013. Owned by HIT Solution Ltd., a Hong Kong-based company, it came on board before many other crypto exchanges joined the pack. Professional traders and software developers came together to provide this platform to meet the needs of other traders. HitBTC.com came up with unique innovations and promises to rev up the crypto world.

Indeed, traders have enjoyed cutting-edge matching technologies and real-time clearing. Also, HitBTC allows for low fees, highly secured methods of fund transfer, advanced FIX API, multiple instruments, and a host of other benefits. The digital currencies available on this platform include Bitcoin, Monero, Ethereum, Dogecoin, and many more.

Key Features of HitBTC.com

Some of the most important features on HitBTC.com include:

• Top security
• High liquidity
• Minimum of 150 instruments
• Affordable fees
• Over-the-counter (OTC) trading
• No limits for withdrawals/deposits

Registration on HitBTC

It’s pretty easy to register a new account with HitBTC. At the top right corner of the site, you click on “Register” and provide all necessary information. The information include your email address and a password. Once a link for verifying your email address has been sent to you, you can activate your account before considering deposit.

Deposits and Withdrawals

Depositing funds into your account depends on your wallet address. To get this, select the currency you want to deposit and agree to Fund. Ensure that you provide all unique details that distinguish the currency you choose from others. In very little time, the deposited funds will reflect in your account.

To withdraw, you’ll need to select coins in your account and then click on the currency that you want. It’s important to be careful with transactions and addresses since there’s no room for change of details. Specify the amount you want and click “withdraw.”

Available Order Types

The order types offered by HitBTC.com include:

• Market orders
• Limit orders
• Stop orders
• Stop-limit orders

Fees for Takers and Makers

Normally, makers create limit order below the asking price or above the higher bid for selling while the takers place an order that supports other existing orders. Unlike all other cryptocurrency exchanges, makers have no fee for their trades while takers are charged a fee of 0.1%.

2015 Hack

Back in 2015, HitBTC was hacked, and this has remained a major point of reference for modern traders who now deem the exchange as unreliable. Nonetheless, the exchange advises users to use the two-factor authentication as it protects users and their information from hackers.

Pros

• Low fees
• Easy registration
• Easy to use interface
• Demo mode
• Strong security
• At least 150 instruments
• Slightly active social media.

Cons

• No innovation
• Poor customer support
• Vulnerable to hack.

The reactions of traders to HitBTC.com are mixed. But you can never be so sure until you try it. So, if you’re interested in the experience which the exchange provides, you’ll have a lot to learn. Before you go on to believe (or doubt) the many negative reviews you see on the web, try trading on this exchange. We’ll be delighted to hear about your experience.

Rating

0