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HitBTC itself claims to be the largest spot trading market in the industry (with over 800 trading pairs and 500+ spot instruments supported). So if you are looking for a specific less known altcoin, chances are good that you will find it here. HitBTC is one of very few cryptocurrency exchange platforms that has never been hacked. Our team takes the security of our traders’ data very seriously. You can trade top cryptocurrencies along with promising new coins and less-known tokens. In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges.
It’s important to point out that there is no financial service in the world which is completely trustworthy. As years go by, even the best banks and financial services get old, corrupted, or irrelevant. It’s up to the consumer to manage their funds carefully, even when using financial services like HitBTC and other crypto exchanges. The first way to stay safe is to read reviews from diverse sources.
This allows users to add or remove liquidity at their convenience. HitBTC is based on traditional stock trading applications and is reported to have well-designed security systems and processes. User information is kept encrypted at all times and the majority of non-trading funds are stored offline. If you view your account homepage, you’ll notice a security log. This provides you with the IP address and details of all login attempts and user sessions related to your account.
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In addition,, they can view charts and orders by visiting the exchange tab. Traders will also be able to trade with the other traders on this platform via the trollbox. Users will be able to deposit and withdraw different types of popular cryptocurrencies with the general account of his cryptocurrency trading platform. The withdrawal and depositing of the cryptocurrencies on this platform is simple and does not require any further steps.
Isolated Fraud – HitBTC has had a couple of scandals involving whistleblowers and reports of internal fraud. Last year, Coinbase had its own major scandal involving insider trading. 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. Whether HitBTC will be able to turn around has yet to be seen, but we recommend that everyone go to other exchange, like Binance, which can be trusted with their money. HitBTC was designed to function as a worldwide exchange, but national regulations make it inaccessible in specific countries and territories.
Traders have the opportunity to add a new currency to the exchange if two users take Market Makers contracts to support the cryptocurrency on HitBTC. Market makers are sent detailed daily reports with order book snapshot to help them evaluate their performance and develop the most efficient trading strategies. The market making activity is closely monitored and existing contracts are reviewed every month. HitBTC is a leading European bitcoin exchange which provides cryptocurrency trading services to institutionals, merchants and individual traders worldwide. The trading platform was founded in late 2013 and is under operation of Ullus Corporation.
How to register on HitBTC?
It was founded in 2013 and is currently managed by the Hong-Kong based Hit Solutions Limited. HitBTC holds international presence with users from more than 90 countries, and trades over 530 cryptocurrencies in more than 850 trading pairs . HitBTC exchange allows users to experience real-time professional trading without depositing a single cent.
The account recovery process usually takes 48 hours to complete but can sometimes take longer. After 24 hours, you should be able to sign in to your account and complete buys and sells. After 48 hours, you should have full trading capabilities restored. For your security, sends will be disabled on your account until the full security period has passed. With this new feature users now can explore markets effortlessly. Anyone is allowed to check the very latest market data, charts, and order book, without having to log into an account, providing extra convenience.
Although HitBTC meets and enforces regulations related to anti-money laundering for those depositing with real world funds, the platform is not regulated by any licensing bodies. This is a major concern, as you are essentially trusting your money with a cryptocurrency exchange that is unregulated. As you’ll see from the above list, those based in the U.S. are not able to use HitBTC. As such, if you are a U.S. resident, or a U.S. citizen living overseas, then you’ll need to use a different exchange.
Which countries does HitBTC support?
We will never sell or distribute your data to any third parties. Choose your favourite crypto coin and select a “Instant/Market Order” to buy it instantly. Visit our recommended platform to buy crypto by clicking the button below. The company is based in the Seychelles, and although not much information is available about its team, we expect that over a dozen people are involved with the operations of HitBTC. Get the latest news and best offers from the crypto community by joining our newsletter.
Choose the cryptocurrency you wish to deposit and click on deposit. If the whitelist is enabled, you will only be able to withdraw cryptocurrency to whitelisted addresses. This prevents a https://forex-review.net/ hacker from 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.
All you’ll need is an email address and a password and you’re good to go. Unfortunately, the ID verification is much less straightforward. Users can select their preferred size, color and currency and can configure which pair will be shown by default. Users will first need to navigate to the setting button once they are logged hitbtc exchange review in to their cryptocurrency exchange account and have it verified. This user-friendly exchange platform will provide users with multi-language support such as a troll box for solving trading issues efficiently. The users of this platform will be able to make the most out of their trading bot with the leading and well-known API.
- Icotokennews.com is in no way responsible for any claims, losses or expenses that may result by following our advice.
- And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs.
- Since then, millions of traders choose Hit BTC and use the app’s advanced tools and features for a versatile cryptocurrency experience.
- If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs.
- It is compatible with HFT set-ups, and algorithmic trading systems.
A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Full Fraud and Exit Scams – Still other crypto exchanges and projects are scams from the beginning. Some try to be ongoing scams, staying active as long as possible before being forced to cease operations by authorities. Still others , just keep the platform up and running as long as it takes for them to make the money they want, then they close it down and take everybody’s money.
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HIT is the utility token of the largest spot trading exchange in the industry with over 800 trading pairs and 400+ spot instruments. However, unregulated anonymous exchanges in obscure locations do attract their share of critics. The withdrawals typically take several minutes and mostly depend on the network speed of the cryptocurrency being withdrawn. Overall, HitBTC is a secure exchange in terms of technology it uses to protect your funds. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. On the contrary, it has a proven track record, operating in the industry for more than six years already.
HitBTC is the 14th largest cryptocurrency exchange in the world. It’s challenging to fully grasp and visualize the extent of the cryptocurrency trading market. The value of it was estimated to be $2.4 quadrillion in the last decade. Charts Explore more data on the digital asset markets with comprehensive graphs. Hi there, we appreciate your taking the time to share your feedback. We’re pleased that you’re very satisfied with the features we work hard to provide.
The fee will vary depending on a number of factors such as the currency, current market conditions, and the amount you’re withdrawing. Users have reported that fees are often far higher than similar network fees in other exchanges. Be fully informed as this article guides you through the major features of this exchange as well as fees, deposit/withdrawal processes, and HitBTC security. We’ll also walk you through the account creation process and show you how to make your first trade on the platform. HitBTC provides various good features, one being an API that third parties can use on their sites, however where it does fall short is having a dedicated mobile app. Not many exchanges do have them but the larger ones like COinbase do, we think HitBtc is closing in on that territory.
You can register and access the demo platform by clicking the demo option at the bottom of the screen or by simply typing demo.hitbtc.com into your browser. Buy bitcoin or deposit some other cryptocurrency and start trading immediately without verification. Buy and sell over 380 cryptocurrencies in more than 800 cryptocurrency pairs. HitBTC offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects. As we noted earlier, HitBTC is popular with traders because of the number of coins it supports on its platform. HitBTC is also a common choice for newly created tokens that are looking to list on an exchange post-ICO.
For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety. And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs. At the same time, they can also choose to automatically log out of all sessions at a selected, regular interval. In the ‘Amount’ box, enter the amount of cryptocurrency that you want to buy.
The HitBTC Token may also serve as an incentive for users to participate in the HitBTC ecosystem. We have created HIT to provide you seamless HitBTC experience and exclusive benefits for our upcoming products. An extensive knowledgebase comprised of articles about all HitBTC platform features. The app is available on Google Play Store and Apple’s App Store.