HitBTC Review The Ultimate Guide 2023

Reviewers dissatisfied with HitBTC most frequently mention and inactivity fee. HitBTC has a rating of 2.1 stars from 90 reviews, indicating that most customers are generally dissatisfied with their purchases. On Sitejabber, businesses may not offer incentives or pay to remove reviews. Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.

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In order to use the full features of the exchange you need to verify your account. Secondly, it uses a maker-taker model for calculating trading fees and also considers trading volume and HIT holdings while calculating your trading fees. It surely is one of the longest-standing platforms in the cryptocurrency industry. Let us learn how to withdraw cryptocurrency on the Hitbtc exchange

This security feature is immediately presented to the user upon accessing Settings, and is used for all logins and withdrawals. It’s very important to keep that in mind before you submit any requirements to them so that you wouldn’t experience any issues when it comes to your account verifications. You need to contact HitBTC at  in order to have your account verified. Like most other exchanges, HitBTC promises to be safe and secure thanks to the use of cold storage, advanced encryption technology and 2-factor authentication. Thanks to this feature, this exchange is more attractive to trading bot developers. This platform is best-known for being a robot-friendly exchange.

Features

BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. If you're someone who'd prefer a better and more-established crypto exchange, make sure to check out Coinbase or Binance, and start your crypto journey today! HitBTC offers robust security measurements and will protect your assets even if your personal details, such as account information and email address, are compromised. If you completed each of these steps you managed to successfully deposit funds into your HitBTC account. For some cryptocurrencies, you will also need to copy and paste your payment ID that’s also called “Destination Tag”. Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column.

Or would you prefer a fully KYC-compliant, regulated exchange that may have higher trading fees? The exchange is relatively simple to use; however, it’s best suited to more experienced traders. Next, our HitBTC exchange review will look into trading crypto on HitBTC. A starter account allows users to start trading immediately, but the withdrawal limits are set at 1 Bitcoin per day and 5 Bitcoin per month, with no verification required.

The HitBTC European-based exchange is popular among professional traders. HitBTC features extremely liquid marketplaces for trading digital assets, tokens, and fiat currencies (USD, EUR, etc.). Sneakily took my money as "inactivity fee".

• Users can choose between crypto-to-fiat and crypto-to-crypto currency pairs.
• While signing up on the platform, you must certify that you are not a resident or citizen of any of these nations.
• Following account creation, you must log in to your HitBTC account and make a deposit.
• However, withdrawals are subject to flat fees, which can be particularly costly for some newly listed cryptocurrencies.

HitBTC Review: PROS

• The exchange follows a maker-taker model to determine the trading fees.
• BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
• If you completed each of these steps you managed to successfully deposit funds into your HitBTC account.
• Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee.

Meanwhile, verified users fall under HitBTC’s tier fee structure, which determines trading fees depending on the user’s trading volume over the last 30 days. One of the key benefits of the HitBTC trading platform is the ability to trade without having your account verified. If you deposit cryptocurrencies, you don’t need to prove your identity, and the funds will be available in your account in less than 20 minutes. HitBTC is also one of the few exchanges to provide trading bots with a range of APIs to help advanced traders trade automatically. HitBTC team members have designed the HitBTC platform with diverse types of users in mind, with various accounts for them to choose from based on their trading style.

Since we’re already done with the positive aspects of this HitBTC review, it’s time to jump to the less pleasant part and discuss what this crypto exchange is missing. Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees. 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. Thus, based on all the security features that HitBTC provides, it would be fair to say that this crypto exchange can be recommended for its robust security. This shouldn’t happen when using HitBTC as it’s one of a few crypto exchange platforms that’s never been hacked. As you can see, HitBTC exchange is truly extensive and provides you with the ability to trade multiple cryptocurrencies, even less popular altcoins.

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. However, the security and transparency of this exchange are major concerns. Futures Trading fees are fixed for all tiers at 0.02% for Maker Fees and 0.05% for Takers Fees.

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When the deposited funds are added to the account, you’re all set to start trading. To be eligible for HitBTC’s OTC service, you must exchange more than $100,000 for each trade, and each transaction will be charged a 0.1% transaction fee. Professional traders also choose HitBTC for its range of trading options, high liquidity, anonymous trading at low levels, and high-volume trading with no limitations after verification, amongst other features. The HitBTC core matching engine (the mechanism that executes transactions) is lightning fast, extremely liquid, and supports a slew of cryptocurrencies with a highly advanced dashboard.

HitBTC Deposit & Withdrawal Fees

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. That being said, you can credit yourself with a test fund and apply different strategies when trading. However, when it comes to HitBTC, you can have a full experience without the need to risk anything.

How to withdraw cryptocurrency on Hitbtc?

They've denied my withdrawal requests 12 times without providing any explanation. I've tried so many times to withdraw my earnings and my initial investment, as my investment period has ended, but they've refused to release my funds. These scammers only request payment, and when it is time to withdraw, they will keep asking fo more money for different silly reasons. I firmly alert against drawing in with HitBTC, as my experience proposes they work as a trick organization. Everything's intact, and I'm glad to be trading again. Now I can trade and manage my assets without any issues.

The account offers several advantages like two-factor authentication, low fees, and the ability to restore access to the user account if passwords are forgotten. One essential feature of the HitBTC exchange is that the user trades without verifying their account. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair.

Moreover, HitBTC organizes various trading contests, allowing users to measure their skills against other traders and get more experience. They make it so complex for you to withdraw your funds, they charge fee for not trading (being inactive from exchange) without letting you know. They encourage you to trade or store cryptocurrency on their platform and promise that it is safe.

While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. I'm so confused, but I rly want to invest in cryptocurrency and become real rich. However, I read in some reviews that the withdrawal process can be slow at times. Been helpful for me as a new trader altho i do understand the hassle around it if i had the money id go to another one maybe dunno I experienced lost connection but waiting 2 weeks for support team to answer. Hitbtc is most secure exchange till now as of my experience.

Trading Fees

HitBTC supports a huge number of cryptocurrencies. While HitBTC has multiple features and functions, we’ll be focusing only on the most important crypto side of things that will help you to decide whether this exchange is suitable for your personal needs. HitBTC allows you to trade the most popular cryptocurrencies and widespread fiat currencies, including USD and EUR.

Note that for a beginner or a general trader, the maker fee is 0.1% and the taker fee is 0.25%. Let us learn how to create an account on the Hitbtc exchange Moreover, the exchange offers exclusive rebates to HIT owners and gives discounts for HIT trading pairs. It offers Spot, margin, derivative and OTC trading with a maker fee of 0.10% & taker fee of 0.25%. It is a place where both newcomers and trading professionals will be able to https://forex-review.net/hitbtc-review/ trade with ease.