HitBTC Review 2022 How Safe and Legit is This Exchange?

HitBTC exchange offers beginners the chance to practice trading cryptocurrencies on its demo platform first. The exchange doesn’t charge any fees for cryptocurrency deposits; however, there is a fee for placing orders and withdrawing funds from the site. Our HitBTC review has disclosed the simple fee structure for customers wishing to trade cryptocurrencies on the HitBTC platform. Additionally, HitBTC has developed a voting application and a demo trading platform for beginners offering them to try and trade cryptocurrencies on its Demo platform first. What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees.

HitBTC is one of the popular European bitcoin exchange platforms that was founded back in 2013 and started with a 6 million USD Venture Capital investment. This system serves as their customer service support platform. It is highly recommended to keep your account secured no matter how small your trades are. Both these features are pretty standard across the exchange industry. Other HitBTC security features include cold storage and advanced encryption technology. Another additional security feature is the ability to view recent activity at the bottom of the settings page, which lets you check if someone is attempting to access your account from some location maliciously.

If you haven’t done that before, you could make trades that would bring you huge losses. That said, it encourages you to trade even more. That’s not something that many other platforms can offer. 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.

Supported Currencies

Discover the origin of decentralized finance, blockchain technology, and cryptocurrency with our articles What Is DeFi, How to Buy Cryptocurrency, and more. No, HitBTC is among the few exchanges that haven’t been hacked till now. If you want to withdraw money, you must first have coins in your primary account and then click withdraw. To deposit funds into your HitBTC account, you must first create a https://forex-review.net/hitbtc-review/ wallet address and click the green deposit button. If users achieve a tier 10, i.e., if they trade 50,000 Bitcoin or more each month, HitBTC will offer them a -0.01% refund on each completed trade. Unverified users pay a maker fee of 0.1% and a taker fee of 0.2%.

To withdraw coins, users must first go to the “accounts tab,” then to the withdrawal column, which displays all crypto and fiat money. However, withdrawals are subject to flat fees, which can be particularly costly for some newly listed cryptocurrencies. Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits. It’s an old-time Bitcoin exchange that supports a wide variety of digital assets, including major cryptocurrencies, low cap altcoins, and trading pairs. Its wide range of products and services, incredibly low trading fees (0.1% ), simple UI, and anonymous trading make it an appealing exchange for advanced traders. It's very secure, offers more than 800 crypto trading pairs, low trading fees and a demo version for beginners.

How to sell cryptocurrency on Hitbtc?

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.

any user out there???

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.

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.

HitBTC Customer Support

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. You should take each of the aspects into account and decide if HitBTC is suitable for you! If you want to see how HitBTC works, you can take advantage of the Demo version that allows you to try the platform out completely free without actually investing anything.

HitBTC Review

• With a demo account, users can trade without fear of losing tangible assets.
• I was able to successfully transfer out my funds, and the process, though stressful at first, ended with a positive outcome.
• You can choose from more than 380 cryptocurrencies and over 800 crypto pairs.

Some of the plus points of HitBTC are it has 450+ digital assets with more than 960+ trading pairs. The exchange is eager to host innovative projects and invites interested teams to take the initial step by completing the application form provided. May 2023 – HitBTC is actively seeking to onboard new tokens and coins onto its platform. It is one of the largest Spot trading markets with more than 500 digital assets and 800+ trading pairs. HitBTC is widely known for its simple user interface and high-volume trading. Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents dissatisfied with its lack of transparency.

How to Deposit & Withdraw on HitBTC

You can choose from more than 380 cryptocurrencies and over 800 crypto pairs. The main company’s goal is to introduce crypto traders to the most advanced technologies. However, centralized exchanges often provide greater efficiency, liquidity, and user-friendly interfaces. What is more, at the end of this review, I will show you how to sign up for HitBTC and start using this platform.

Personal information, including name, address, country of residence, bank account, date of birth, and pertinent scanned documents, must be provided for adding or withdrawing funds. No personal information is required if users operate with digital currency, but those trading frequently and fiat currency are required to undergo verification. HitBTC features multiple levels of verification – unverified accounts are referred to as starters, whereas verified accounts get an upgraded account status.

How Fast is the Verification Process with HitBTC.com?

• In this HitBTC review, you’ll find out about HitBTC security, its pros and cons, fees, supported coins, and payment methods.
• The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day.
• This is something that you don’t see with a lot of cryptocurrency exchanges.
• That’s not something that many other platforms can offer.
• To avoid that, it’s important to figure out how the platform works first.

If you’re into daily trading this is especially important to you. You already know that it’s reliable, however, there are other aspects that matter. If you want your account to be extremely secure make sure to create a strong password. Now that this is clear, let’s begin this review from the positive aspects and find out is HitBTC legit. Before beginning with the pros of this HitBTC review, I would like to pay your attention to a few aspects.

HitBTC Review: PROS

Knowledgeable customer support team, but why does it matter if theyre gonna take up to a week to answer me Everything still great even 4 years using it, especially support team So if you want to share your experience, opinion or give advice – the scene is yours! All reviews, either positive or negative, are accepted as long as they're honest. Leave your genuine opinion & help thousands of people to choose the best crypto wallet.

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 trade with ease.

HitBTC.com Security

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.

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.

Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.