HitBTC Review How I Lost $3000 dollars and counting . 2022 updated - RAILSERVING


HitBTC Review How I Lost $3000 dollars and counting . 2022 updated

On the right side of the trading screen, enter the coin that you want to buy, and then click on your chosen trading pair. While HitBTC is a global cryptocurrency exchange, and thus, the vast majority of countries are supported, certain restrictions exist. Nevertheless, if you’re thinking about opening an account with HitBTC, be sure to read our comprehensive review first.

  • HitBTC offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects.
  • This platform offers several rewards to their affiliates, thereby offering a good passive income for them.
  • The user can see the open orders displayed on the screen, and they can also find a user chat on the same screen.
  • We have compiled a list of supported coins now available on HitBTC, which you’ll find below.
  • Some of them include lower fees for trading, strict security measures, several features and tools for experienced traders.

If it is, which once again cannot be proved, then it is very alarming if HitBTC decided not to make the hacks public knowledge. For us, there are just too many negative reviews about the platform, and thus, we cannot endorse HitBTC as a safe exchange to deposit money with. There is no reason why HitBTC should not hold a regulatory license, especially when one considers that the exchange has been operational since 2013. Ultimately, you should spend some time assessing whether you feel comfortable depositing your hard earned money with a platform that has no regard for regulation. Founded in 2014, HitBTC only charges its users 0.01 percent per trade. Risk Disclaimer – Trading cryptocurrencies is a complex instrument and comes with a high risk of losing money rapidly due to leverage.

Besides, it offers a demo account for the new traders. New traders can try out this platform using this demo account without making any deposits. During its six and counting years of operation, HitBTC had a colorful history with numerous accusations.

HitBTC Review

The second tier isVERIFIED, in which you get free deposits for cryptocurrency and a maximum of EUR 25,000 daily withdrawal limit on crypto-assets. You can also deposit Fiat currency, up to $2000 per week and $10,000 per month – both for withdrawals and deposits. The final tier is qualified, in which you do not need to pay for any crypto deposits. With this account, you may withdraw more than $25,000 worth of cryptocurrency per day. The fiat withdrawals and deposits allowed for Qualified accounts are $10,000 per week and around $50,000 per month.

The flat fees charged by the platform are highly competitive, which implies that this platform is suitable for high-frequency traders. The HitBTC fees structure is one of the most competitive models among cryptocurrency exchanges. They have a tiered fee structure that provides customers hitbtc exchange review with more fee savings the more volume that they trade within any given month. Bittrex charges around 0.25% and for many other exchanges, 0.25% is the standard fee. HitBTC is one of the only few with such low fees and a rebate for makers, something that rarely exists elsewhere.

Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated. The likes of Coinbase hold licenses with both the FCA and CySEC . Once your deposited funds https://forex-review.net/ show up in your HitBTC account, you can then make your first trade. At the top left hand side of page, click on the ‘Exchange’ button. This can look quite intimidating if you’ve never traded before.

hitbtc usa

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. 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. That’s not something that many other platforms can offer.

It is easy to use for new traders and also offer robust tool set for advanced traders. HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features. In this post I will review the company, its services and share some of my personal experience with them. As per our HitBTC review, if the user wants to trade cryptocurrencies, HitBTC charges a simple fee structure. However, there is no deposit fee for using cryptocurrency; it charges withdrawal fees for placing orders or withdrawing more money from the platform.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. HitBTC offers some of the lowest fees in the market. 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.

Fee structure

It’s also one of the few exchanges open to bots, providing a range of APIs that help tech-savvy customers trade automatically. Although HitBTC used to support fiat currencies like USD, it does not keep it anymore. However, users can still buy supported 800 different crypto assets on the exchange. It also allows users to make transactions directly from their bank account. This facility of using a bank account is only available for users who have completed their KYC. Due the number of supported coins that HitBTC lists on its platform, the exchange is also useful if you are looking to engage in day trading.

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BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies. HitBTC offers robust security measurements and will protect your assets even if your personal details, such as account information and email address, are compromised. What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too.

HitBTC is considered a legit & safe 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. It offers several measures to maintain the data and ensures the traders use two-factor authentication.

My Personal experience with HitBTC

However, the platform offers a number of advanced features within its main trading area, so you’re best off doing this only if you are an experienced trader. Using a starter account, the trader can start trading immediately, keeping in mind that it is limited to cryptocurrency deposits and withdrawals. The limits are set to 1 Bitcoin daily and 5 Bitcoin monthly withdrawals that do not need verification. One of the important features offered by the HitBTC trading platform is that the user trades without verifying their account. If they want to work with digital currencies, there is no need to offer any personal data. Verification is only needed if they like to exchange or use fiat currencies.

The process of depositing and withdrawing is simple and straightforward. All users have to do is to navigate to the “Account” tab and select the cryptocurrency. The withdrawal process usually takes several minutes and highly depends on the cryptocurrency and network speed. After HITBTC pulled the plug on Kin back during the intial SEC announcement I swore I would never return…they even locked my wallet so I couldn’t withdraw my Kin for like 3 days.

The interface of HitBTC is perfect for seasoned traders and skilled crypto-experts. It’s an information-rich platform, which ensures to retain high-end traders for the long term. New coins are added to HitBTC exchange as a result of user votes or market makers’ activity. The first coin added by winning the coin contest was DOGE and the latest one to win the challenge was community-vote driven NXT coin . HitBTC currently accepts account funding in USD and EUR.

FIX Trading Gateway

For the beginners, HitBTC exchange offers an opportunity to try and trade cryptocurrencies on its demo platform first. 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. 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.

They ask for personal information like photo ID, proof of residence, etc. which can be resold on the dark web, especially when it’s a crypto user’s documents. These documents can be used to obtain access to your other crypto platforms. So you wait the 4 days, and most people will then try to withdraw their funds. 100% of the time, I guarantee, the withdrawal will fail. Even though it’s well within the stated withdrawal limits, HitBTC will fail your withdrawal.