It offers advanced trading tools and features, including margin trading and a wide range of order types. Cryptocurrencies are becoming more popular every day and many are looking for how to exchange fiat money for cryptocurrency. There are many different ways to get your first crypto, but it is most convenient to HitBTC Review use exchange platforms. Today we will consider one of these trading platforms, which is named HitBTC. HitBTC confidently enters the TOP cryptocurrency exchanges in daily trading volume. And although liquidity is a very important indicator for a trading platform, it is far from the only advantage of this platform.

All transactions made won’t count, so you won’t risk lightening your wallet. 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. In general, they employ state of the art cryptography for your security.

How to Use HitBTC and Get Verified

HitBTC’s provides access to over 300 crypto currencies, including Bitcoin, Ethereum, Lite coin, Doge coin, Monero, and USDT. An added security feature is the option to whitelist a range of addresses that you trust in order to prevent anyone else withdrawing to an address that is not in your control. Even if a hacker manages to breach your email and attempts the withdrawal, HitBTC will block it. Under the security tab, you can choose to ‘terminate all sessions’ if you believe there is someone else accessing your account. The site will automatically log out all your active sessions, except for the one you use to perform this action.

No personal information is required if users operate with digital currency, but those trading frequently and fiat currency are required to undergo verification. Personal information, including name, address, country of residence, bank https://www.tokenexus.com/ account, date of birth, and pertinent scanned documents, must be provided for adding or withdrawing funds. Unlike some of the other cryptocurrency exchanges we have reviewed, the trading fee system is very straightforward at HitBTC.

Never got my withdrawal POA from Binance to HitBTC

Please check your inbox and your spam folder and proceed accordingly. Changing customer passwords so people can’t login and then taking forever to get the details again. The whole system is designed so they benefit from your money. However, according to an official HitBTC customer service representative on Reddit, “there is no daily limit at HitBTC”.

To add to the confusion, the various stages shown in the graphic below (found on the HitBTC website) are not clickable. Also, no information is provided there that tells the differences between the three account tiers. It has been hacked in 2021 where it lost nearly $1 million. There are several users claiming that their HitBTC was hacked but the company remains silent on this issue.

Company

The prices are suggested by the sellers, not by the exchange. HitBTC features extremely liquid marketplaces for trading digital assets, tokens, and fiat currencies (USD, EUR, etc.). In our HitBTC review, we found that it is a secure and reliable cryptocurrency exchange with a wide selection of coins and trading pairs.

• Between 74-89% of retail investor accounts lose money when trading CFDs.
• So, you can start by transferring some funds from your wallet to your spot account.
• Mind that HitBTC’s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency.
• Transactions through Debit and Credit card is not available in HitBTC, so no fees for that.
• So while there are excellent exchanges like Binance, Bittrex, Coinbase, etc., unscrupulous actors have introduced fraudulent exchanges as well, like HitBTC and Yobit.
• It also allows users to make transactions directly from their bank account.
• There are many different ways to get your first crypto, but it is most convenient to use exchange platforms.

These contracts have cash incentives as well as rebate bonuses. For those traders who like to code their own trading bots, HitBTC offers a pretty robust and efficient API. For example, the API has low latency which means that your trading orders are executed much faster than other exchange APIs. For those who have used the MT4 software will know just how advanced it is.

They also have a chatbot in case you need a quick view of articles related to your query. You can also email them which will be replied to in 24 hours. Bittrex is the next-generation currency trading platform.

Angry users are many, and HitBTC can’t be seen as an option for crypto users. HitBTC is a European crypto exchange, and for a few years played an important role in this market by accepting fiat payments and transfers. HitBTC even accepted fiat payments from some non-European countries, offering access to a host of new users who were not served by HitBTC’s well-known competitors.