Hitbtc Exchange Review

বৃহস্পতিবার, ০৭ অক্টোবর ২০২১ | ৫:২৪ অপরাহ্ণ

hitbtc deposit usd

A full explanation of the fee structure is available on HitBTC’s website. One caveat is that they are a bit shady in terms of their location. The community at large is still not sure of where they are actually located. Still, they require a lot of verification to start trading large amounts.

Is Coinbase or Gemini better?

Gemini provides features that support institutional investors, while Coinbase lets you earn crypto while learning about trading. Beginners will feel comfortable using either platform. However, Coinbase has a slight edge, as it’s available in more countries and offers more currency types.

The above countries are barred from accessing this exchange because of regulatory provisions or financial restrictions. HitBTC offers numerous trading pairs for trading on HitBTC with leverage. When the user is on the trading screen and has the necessary funds, they can proceed with trading. HitBTC has high-volume trading in the crypto industry, and the trades are executed within a few seconds. HitBTC exchange offers an affiliate program where the traders can earn through referrals. This platform offers several rewards to their affiliates, thereby offering a good passive income for them. Nevertheless, once the app is up and running, you will be able to trade on the move, deposit and withdraw funds, track price changes, and more.

The Difference Between Bitcoin And Ethereum, And Why There Are So Many Other Cryptocurrencies

The information that you will have to provide includes your personal information, residential address, proof of identity, selfie and phone number. 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. The Demo account is suitable for beginners who want to have a real-time experience in trading.

  • We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.
  • HitBTC offers the highest level of security using 2FA and advanced encryption technology.
  • Thanks to their API’s, HitBTC is known for being able to be friendly enough to people who are into creating trade bots.
  • You can begin trading cryptocurrencies immediately, once you have created an account.
  • There is a news section which may come in handy when major news is breaking, you will quickly be alerted to it.

They charge 0.1% from takers , and they provide 0.01% rebate to makers . This mechanism or design is followed nowhere else and very much a way of inviting users to buy and not to sell their coins. Every exchange charges both sides of the trade-in some form or another but HitBTC is the only one to offer a rebate when buying. HitBTC has an abbreviated Bitcoin name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform. HitBTC supports numerous trading pairs that have several cryptocurrencies, including some of the most popular crypto-assets.

Hitbtc’s App And Desktop

Then they need to click the deposit button identified in green color. The user needs to select the corresponding row they wish to deposit and click “fund.” When this is done, the user gets a wallet address with numbers and letters along with a QR code. According to several reviews, this platform offers low trading fees; the Maker fee is 0.1%, and the taker fees are 0.25%. HitBTC is a cryptocurrency exchange that was founded in 2013 and officially launched in February 2014.

Liti Capital Token wLITI Lists on HitBTC: Largest in the History of Crypto Litigation Financing – Korea IT Times

Liti Capital Token wLITI Lists on HitBTC: Largest in the History of Crypto Litigation Financing.

Posted: Wed, 18 Aug 2021 07:00:00 GMT [source]

When the link opens a new tab, you will need to copy and paste the code that was contained within the email. The value of digital currencies can go up or down frequently. As with any asset, the values of digital currencies may fluctuate significantly. In order to diversify its product range, HitBTC also allows you to what is hitbtc trade on margin. However, once again, this is best suited for those with an advanced knowledge of trading. By your side 24 hours a day, our support team will assist you with any issue or question you may have. Make the most out of your trading bot with our leading API and its low latency data and execution feeds.

Coins Offered

In the upper right corner of the website front page, there’s a “Deposit” green button. After clicking on it you choose the needed currency and click the “Fund” button. It creates a wallet address in two shapes (numbers and letters string and QR-code). It’s important to fill the additional identifier fields that certain currencies have. If you fail to do that, you will have to ask for the help of HitBTC support team to finish funding your account. I’d like to begin this review with some basic facts about HitBTC. The exchange was founded in 2013 which makes it one of the oldest cryptocurrency exchanges on the market.

It doesn’t charge any deposit or withdrawal limits and also offers an over-the-counter service for customers who want to place trades of US$100,000 or more. Nevertheless, on this platform, users can deposit funds using real-world money through direct bank transfer. The MSP of Hitbtc is its highly competitive fees, as it offers the lowest prices in the crypto market. The HitBTC fees structure is one of the most competitive models among cryptocurrency exchanges. They have a tiered fee structure that provides customers 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 fees.

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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. Choose the right kind of cryptocurrency exchange for daily trading volumes and HitBTC lists several hundreds of crypto coins with highly competitive fees. Nevertheless, HitBTC allows users to deposit funds using real-world money. While this includes a direct bank transfer, the platform does not support debit/credit cards or e-wallets. One of the main selling points to HitBTC is that the platform offers some of the cheapest fees in the cryptocurrency exchange arena.

  • For the beginners, HitBTC exchange offers an opportunity to try and trade cryptocurrencies on its demo platform first.
  • Graph displaying the depth of a particular market for a cryptocurrency pair.
  • The global payments service provider even stopped allowing those sub $100 transactions, enacting a minimum, before hastily restoring them under pressure from the bitcoin community.
  • Although the HitBTC support team operates 24 hours per day, the only contact channel available is the online support form.
  • HitBTC remains an important part of the cryptocurrency trading industry.

Like many other cryptocurrency platforms these days, HitBTC has some technical flaws. One of the first things that come to mind is temporary blockings of withdrawals of certain coins which happen from time to time and may take a while to resolve. The next step is moving funds from your main account to a trading account. The action is quite intuitive, you just click on the blue arrow, specify the amount and click a “transfer” button.

Access Hitbtc From Mobile

Many others also reveal that their grievances are still pending. HitBTC customer support team operates 24 hours a day and monitors the system operation page. Also, it offers the below options for the users to contact them through the below channels. In the chart, the users should choose a currency they want to trade from the list. As soon as they choose the currency, the page refreshes automatically and shows the information about the selected trading pair. HitBTC fees are low when compared with trading fees of other exchanges. They are being accused of freezing accounts – leaving users unable to withdraw funds.

How do I deposit money into HitBTC?

To deposit funds into your HitBTC account, please go to your “Account” page, generate and copy your address and use it to originate a transaction at an external service you’re using to hold your money. Open your “Account” page or simply click the green “Deposit” button in the top right corner of the main window.

As we touched on above, HitBTC is an unregulated exchange and a quick Google search turns up many negative reviews from users. Keep these factors in mind when deciding whether or not you should use the platform.

Hitbtc Demo Trading

If you haven’t done that before, you could make trades that would bring you huge losses. To avoid that, it’s important to figure out how the platform works first. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. Art cryptography combined with FIPS validation and offers of two-factor authentication.

hitbtc deposit usd

For turning this option on you may use Google Authenticator app or Authy app. Another security feature available for HitBTC users is whitelist. Both takers and makers with 30-day trading volume not exceeding 10 BTC pay equal commissions set at 0.09% . 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.

Nevertheless, HitBTC exchange is open about its official location. Its official mailing address is Av Vitacura 2969, Las Condes, Región Metropolitana, Chile. For example, you want to purchase BCH via market order on BCH/ETH market. Select the said market and currency and, enter the amount, and click “Buy Market” to proceed. Now you can proceed to the trading terminal or the “Exchange” page. Select a trading pair in the “Instruments” section and set up an order.

hitbtc deposit usd
Author: Chaim Gartenberg

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