I have asked their Twitter account for more details, but I keep getting blocked for some reason. I hope they message me on here but then again they are cowards to address the situation. This is a standard practice that exists in other exchanges as well.
This once again shows that I chose this exchange for a reason. The account manager kept ignoring when i wanted my withdrawal, they refuse to let me withdraw but want me to put in more money. I was advise to opt out fortunately i read about an expert on a forum that can help with refund. I reached out to Markkcoy via and i amazed how they made the best out of my situation…
They should transfer their hitbtc exchange review from their main account to their trading account. When they have transferred funds to the trading wallet, they can proceed with trading. The user can see the open orders displayed on the screen, and they can also find a user chat on the same screen. One of the important features offered by the HitBTC trading platform is that the user trades without verifying their account.
The Trustpilot Experience
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 Appleâ€™s App Store. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. Once you reach tier 8, that is trade 50,000 BTC per month or more, HitBTC will start paying you a rebate of -0.01% per every completed trade. HitBTC remains one of a few exchanges that hasnâ€™t been hacked before. Once this is completed your withdrawal will begin and hopefully be completed shortly thereafter.
HitBTC offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects. If the whitelist is enabled, you will only be able to withdraw cryptocurrency to whitelisted addresses. This prevents a 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.
- Now, while HitBTC mobile app is available, it’s still in a development stage, meaning that the app is not stable and you might experience certain issues when using it.
- To turn it on you should use a side application that will provide you with temporary codes generated automatically on your mobile device.
- Unlike many other popular decentralized exchanges, dYdX has an order book and a standard crypto exchange interface.
- On September 10, 2021, HitBTC added two DYDX-based trading pairs to its roster.
- They also have options that let them automatically log out of all the sessions at a regular period.
HitBTC trading fees are low when compared with the trading fees of other exchanges. There are no upper limits for cryptocurrency deposits and withdrawal operations. It has a wide range of cryptocurrencies when compared with other exchanges. HitBTC offers the highest level of security measures using 2FA and advanced encryption technology.
Do We Recommend HitBTC?
Makers with monthly volume between 10 and 100 BTC pay only 0.07% while takers with the same trading volume pay 0.08%. Starting with the BTC trading volume, makers get a reward of 0.01% per trade. Rewarding traders instead of charging them with fees is a very rare feature. However, as you can see, it only benefits the high-volume traders. All in all, trading fees on HitBTC are the best on the market or nearly the best.
Josh Davidson is a freelance writer that specializes in cybersecurity, cloud services, and cryptocurrency topics. Josh has a bachelor’s degree in political science from the University of Georgia. Unfortunately, the cloud of uncertainty surrounding trapped user funds and the lack of a coherent response from HitBTC has brought its legitimacy into question. Until it resolves this issue and improves its responsiveness to customer concerns, for this HitBTC review, we have no choice but to recommend our readers to avoid HitBTC.
This is probably compounded by other accusations that they traders have been unable to withdraw coins or having funds missing when making transfers. HitBTC has teamed up with Weltrade to offer cryptocurrency traders an alternative to the HitBTC web platform. You would have to sign up and create a new account with Weltrade in order to start trading with the MT4 software. Wild Growth Rates – One of the most difficult parts of doing business for all cryptocurrency exchanges is the sheer rate at which these exchanges have had to grow. Exchange giant Binance added more than 250,000 users in a single day last year!
Hitbtc Review: Security
Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column. 74% of retail investor accounts lose money when trading CFDs with this provider…. Founded in 2014, HitBTC only charges its users 0.01 percent per trade. Submit a ticket feature, allowing you to reach out directly to the exchangeâ€™s support team.
HitBTCprovides a medium to exchange government-issued currencies for cryptocurrencies. It provides trading in multiple traditional currencies to cryptocurrency pairs and cryptocurrency to cryptocurrency pairs. This will attract first-time cryptocurrency traders because they can turn fiat into crypto very easily. In this in-depth HitBTC review we will dig into the exchange operations, platform, customer support, trading fees and security procedures.
In 2019, the exchange added such a feature as sub-accounts that made it much easier to manage trading for corporate clients. Another recently added feature is margin trading available for dozens of coins. It can be used to practice trading without risks before starting to trade real money. HitBTC remains an important part of the cryptocurrency trading industry.
- Before sending a question or concern, it’s worth seeing if you can find a suitable answer in the FAQ section.
- More than that, layer 2 solutions allow nearly instant withdrawals, improved security and privacy, and cross-margining.
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It wasn’t easy for me at the beginning since the interface is made for professionals rather than newbies, but I got used to it eventually. They assisted me in recovering my money after I nearly lost it all to a fake trading firm. To do this, select the main currency to which we will trade .
HitBTC Deposit and Withdrawal Methods
It means that at any given moment there should be as many trade orders as possible so that the traders would have a rich choice of options. As soon as someone decides to buy or sell some currency reacting on the existing order, he decreases liquidity because the order disappears. Makers place new orders, they “make” liquidity while takers “take” the liquidity order by order by matching the existing orders.
You already know that it’s reliable, however, there are other aspects that matter. It doesn’t matter if a platform is easy to use, has low fees and other exceptional features if your account can be hacked at any second, leaving you empty-handed. While some platforms support up to 10 cryptocurrencies, others can support hundreds and even more. Needless to say, the more options you get, the better it is. Let’s move further to find out whether or not the company manages to achieve its main goal and how good the services they provide actually are. I’ve been using this crypto exchange for half a year already.
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. During its six and counting years of operation, HitBTC had a colorful history with numerous accusations.
On the contrary, it has a proven track record, operating in the industry for more than six years alhttps://forex-reviews.org/y. Yet despite its appeal as a secure technology, HitBTC remains an unregulated exchange at the forefront of the crypto wild west, which raises questions and adds risks to its reliability. Once you sign up, youâ€™ll see that HitBTC forces you to active 2FA measures on your account. Until you do so, some features of the exchange will be locked, which is good for your security. As such, it has never been hacked before, or at least havenâ€™t disclosed any such incidents. Some sources claim that HitBTC was hacked in early 2015 together with BTER and Excoin exchanges, though the information hasnâ€™t been confirmed.