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The first one is a general account, in which you may deposit any cryptocurrency for free. But there is a daily withdrawal limit of EUR 5000 worth of cryptocurrency. However, if you belong to the General verification tier, you cannot deposit fiat currency .
- Decided to check back in because some obscure shitcoin I wanted to buy actually had pairing there.
- General account verification can take up to 10 days during high traffic and congestion time.
- They are scams and hold people money and they are masters of the false cycle when you connect them and ask to fix problems.
- The fee amount is shown right under the “Amount” field.
- The only way through which you may make deposits in your HitBTC account is through bank transfer.
We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. For some cryptocurrencies, you will also need to copy and paste your payment ID that’s also called “Destination Tag”. After completing these 5 easy steps your account is created. Go to the company’s main page and click the “Sign Up” button that you will find in the top right corner of the page.
Although HitBTC meets and enforces regulations related to anti-money laundering for those depositing with real world funds, the platform is not regulated by any licensing bodies. This is a major concern, as you are essentially trusting your money with a cryptocurrency exchange that is unregulated. In the ‘Amount’ box, enter the amount of cryptocurrency that you want to buy. Once you are happy with the figures showing in the trading box, click on the green ‘Buy Limit’ button to complete your trade.
Customer Support and Review
HitBTC is one of the popular cryptocurrency exchanges which is preferred for trading platforms that US traders cannot access. According to its official terms of use, the USA residents are not permitted to use the service that also includes other jurisdictions within the USA. While the verified users fall into the category of HitBTC tier fee system that determines the higher trading fees depending on the trading volume carried out in the past 30 days. As per our HitBTC review, the traders can buy and sell several cryptocurrencies using more than 800 cryptocurrency pairs.
HitBTC team members have developed this platform keeping different types of users in mind. When it underwent the designing phase, the emphasis was solely laid on simplicity and easy to use interface for its users. One of the most important features offered by HitBTC is that it offers different types of accounts for the traders to choose from to match their trading style. Read more in detail about the crypto exchange in Indonesia here. HitBTC is a crypto exchange originally from Denmark, which has been operating since 2013.
A quick online search showed a mob of angry customers posing similar reviews about the company. The first time I tried to withdraw my affiliate Bitcoin balance from HitBTC I had 0.25BTC waiting for withdrawal + another $600. To initiate a transaction copy and paste your wallet address at a third-party service. 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.
HitBTC Customer Support
Furthermore, there is a huge number of negative reviews about HitBTC, many of which centre on hacked accounts. 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 offers numerous trading pairs for trading on HitBTC with leverage. 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.
You should do your research and consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. If the user wants to withdraw funds, they need to go to the account section, choose the coin and click the withdraw button. They need to specify the amount they would like to withdraw, and it immediately shows how much they will receive after calculating the commission.
HitBTC Token to USD Chart
Buy bitcoin or deposit some other cryptocurrency and start trading immediately without verification. You may be asked to verify your identity later, though. We ensure that our traders get the best pricing on the market. We are able to do this by providing incentives for market makers and using the best and latest technology (ultra-low latency matching; smooth API, and an advanced reporting system). Over this time, we’ve created both a product that can support millions of users and the technology to power it. We have expended substantial effort to ensure that we comply with the ever-changing and evolving regulations in the digital asset space.
Bids and Asks are updated in real time, and the chart running on the page is quite solid. During the summer 2014, more trading pairs with altcoins were added, including DOGE, QCN, NXT, FCN, BCN, and XMR. The problem that a trader has with the platform hitbts is that it allows you to deposit and not to withdraw. I can count my account as lost, but it is up to us to disclose these HITBTC con artists and charlatans to the maximum of traders.
They will do whatever they can for you to just give up. If, however, you require just a specific conversion of the occasional fork or cryptocurrency, they will probably get the job done. I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about. Whenever I claimed a new coin from one of these Bitcoin forks, I would immediately sell it on HitBTC. Cryptogeek.info needs to review the security of your connection before proceeding.
How to Get Started with HitBTC
You should then see a long list of coins that you can deposit with. For ease, simply enter your chosen coin into the search box. Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column. These fees are extremely competitive, meaning that https://forex-review.net/ the platform is potentially suitable for high-frequency traders. 74% of retail investor accounts lose money when trading CFDs with this provider. HitBTC is available in almost all countries except Syria, Sudan, Cuba, the United States, Crimea, and North Korea.
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. Without further ado, let’s jump to HitBTC review and find out more about this cryptocurrency exchange. The key reason for this is that we cannot ensure your funds are in safe hands. Firstly, the platform is not in any way regulated, which is a major concern considering they’ve been around since 2013.
HitBTC Trading Fees
HitBTC offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new token offerings. However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable.
This platform has a wide global reach where the traders can access the platform from their country of residence. The above countries are barred from accessing this exchange because of regulatory provisions or financial restrictions. Trollbox for chatting with other cryptocurrency traders. Personally, I haven’t had any issues with the service yet, but at the same time, I would not recommend depositing more money with it than I can afford to lose. Overall, HitBTC is a secure exchange in terms of technology it uses to protect your funds. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some.
Since cryptocurrency popularity is growing you can find such a variety of platforms that allow you to buy, sell and trade cryptocurrencies. While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs. If you haven’t quite got the time to read our review all of the way through, then we concluded by noting that we cannot recommend HitBTC as a credible exchange. hitbtc exchange review The platform not only has a history of moving from jurisdiction-to-jurisdiction, but it has a significant number of bad reviews in the crypto community. If the safety of your funds is your top priority , we instead prefer heavily regulated platforms like Coinbase. Not only do they hold two regulatory licenses, but the platform is simple to use, it allows you deposit funds using multiple fiat options, and you can even short coins.
HitBTC provides trading operations for the most popular digital currencies and prevailing fiat currencies . For fiat deposits/withdrawals within the European Union, SEPA transfers are available and wires from other countries are accepted as well. There are regulated cryptocurrency exchanges around the world which allow you to withdraw your crypto without KYC. There is no international law, or any type of rule, which requires exchanges to KYC a customer before they withdraw their crypto balance. Especially if they are not involved with fiat trading.
