HitBTC Exchange Review : A Guide to Trading, Security and Fees
HitBTC Exchange Review : A Guide to Trading, Security and Fees
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There is a plethora of charting functionality, analysis tools as technical indicators. The MT4 platform is no doubt one for professional traders who do a great deal of technical analysis. On the right side of the screen you can view different trading pairs under “Instruments”. HitBTC also allows you to deposit or withdraw on any of the available coins by clicking the icons displayed in the deposit and withdraw columns. Making deposits on HitBTC is quite simple, the site integrates Changelly, which allows you to purchase Bitcoin directly with your credit card. You can then send your purchased Bitcoin to the specific address listed on HitBTC’s exchange.
Is HitBTC legit crypto exchange platform?
Hitbtc is one of the oldest and fastest-growing cryptocurrency exchanges in the world. It was founded in 2013 by the Ullus Corporation in Hongkong. It is one of the largest Spot trading markets with more than 500 digital assets and 800+ trading pairs. It owns Hit Token (The HitBTC token) an ERC20 utility token created by HitBTC. 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.
Broker Regulation Basics: Guide for New Traders
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The support team is knowledgeable and can help with issues ranging from account access problems to more technical queries. HitBTC provides a suite of advanced trading tools designed to help both professional and novice traders make informed decisions. These include charting features, order book analysis, multiple chart types, technical indicators, and more. The exchange also offers different types of orders, such as limit, market, and stop orders, providing greater flexibility for traders. Cryptocurrency is a highly volatile market sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose.
Trading Features
- This commitment to performance and reliability is key to the satisfaction of its users.
- Generally, HitBTC employs a maker-taker fee model where makers, who provide liquidity to the market, are usually charged lower fees compared to takers, who take liquidity from the market.
- There are significant risks involved in trading CFDs, stocks, and cryptocurrencies.
- Although both exchanges have large trading volumes, Binance has the biggest liquidity on the market while HitBTC is only one of the best exchanges by this parameter.
- To withdraw coins, users must first go to the “accounts tab,” then to the withdrawal column, which displays all crypto and fiat money.
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. When the deposited funds are added to the account, you’re all set to start trading. You’ll be directed to the trading area after clicking the exchange button. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. 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.
How to Withdraw from HitBTC
- It contains information about new trading pairs on the exchange, the choice of a trading pair, the rate chart of the selected trading pair, the open orders of other users, etc.
- Although on the face of it, HitBTC seems to be a reasonable exchange, there have been a number of criticisms that have been levelled at them in recent months from high profile cryptocurrency users.
- Before beginning with the pros of this HitBTC review, I would like to pay your attention to a few aspects.
- These fees are subject to change, depending on network conditions.
- All needed trading options are presented although it would be great if they added fiat-to-crypto pairs.
- Needless to say, the more options you get, the better it is.
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. You can also go to the ‘Markets’ page to view all the latest prices and trading volumes of the last 24 hours for the crypto currencies available. HitBTC’s pairs each Altcoin with USDT (Tether), Bitcoin or Ethereum. Certain digital assets require more information be inputted when depositing or withdrawing.
Users can verify their accounts through a secure identity verification process, which adds a layer of security to the platform. May 2023 – HitBTC is actively seeking to onboard new tokens and coins onto its platform. The exchange is eager to host innovative projects and invites interested teams to take the initial step by completing the application form provided. However, the negative reviews about HitBTC mostly mention its poor customer support and slow withdrawals. 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 trading experience on HitBTC is augmented by a suite of advanced tools designed to cater to the varied requirements of traders.
HitBTC Trading Platform
For a cryptocurrency exchange, online reputation is very important. However, the company has a negative cloud around it in terms of its online reputation. The HitBTC exchange has a support webpage where users can find details regarding crypto fundamentals, trading, deposits/ withdrawals, fees, and levels, Hit Token, etc. They also have a chatbot in case you need a quick view of articles related to your query.
What is HitBTC exchange?
Any trading history presented is less than 5 years old unless otherwise stated and may not suffice hitbtc crypto exchange review as a basis for investment decisions. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
However, HitBTC offers more trading pairs and supports twice as many coins as Binance — over 370. If you are looking for some specific coin there are more chances of finding it on HitBTC. Trading fees for traders with verified accounts on HitBTC are lower than on Binance.
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