HitBTC Exchange Review An Honest Review about HitBTC

Thanks to the “Robot-friendly API”, make the most of your trading bot using the leading API and low latency data for the entire cryptocurrency market. You can find more information on API and API Documentation. On September 20, 2021, the exchange has introduced a new feature Perpetual Futures Trading. Perpetual futures have no expiration date so the opened positions can stay active for as much time as needed.

A total scam!!!!

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape. Users in the US should verify the availability of HitBTC services in their region and ensure compliance with local regulations before attempting to use the exchange. Most people come here only to talk about their negative impressions. We really appreciate the positive feedback that dispels the common misconceptions about our platform. After more than 4 months of being stuck in HitBTC’s KYC process and their constant demands for more information I finally managed to withdraw my assets from HitBTC today. Amount in question was $20k+ so not loose change.I write simply to tell you all there is hope you will get your assets back …

How to open support ticket HitBTC?

When depositing, you need to prove your identity (for instance by a passport copy). So, if you’re looking for anonymous trading, you’re looking at the wrong place. This takes ages, and they require a bunch of personal https://www.tokenexus.com/ and transaction info. They act as if you lost your 2FA device, but actually, they just manually remove it on their end. Choose your favourite crypto coin and select a “Instant/Market Order” to buy it instantly.

HitBTC Demo Trading

Once a user reacher at tier 8 with 50,000 BTC per month or more, this platform pays a rebate of -0.01% per trade to the users. After email verification in the signup process, users can increase the limit by completing the verification process. To verify your account to increase the limits and fund your account using FIAT, you will need to fill in the following information to complete your HitBTC KYC. After that, a Signup window will appear, which will ask users to fill few details. They will have to enter their email addresses and then choose a strong password.

It also allows users to make transactions directly from their bank account. This facility of using a bank account is only available for users who have completed their KYC. As soon as the deposited funds show up in your HitBTC account, HitBTC Review you can make your first trade. On the top left side of the page, you will find an “Exchange” button. By clicking on it, you will enter into the main trading area. The page can look intimidating for users who have never done trading.

KYC Verification

Crypto exchanges are at the forefront of this transformation, playing a pivotal role in the integration of blockchain technology into broader financial systems. Reflecting on HitBTC, it becomes clear that this cryptocurrency exchange has a variety of features that cater to a diverse user base, from novice enthusiasts to seasoned traders. With a focus on providing a cutting-edge trading experience, HitBTC’s platform is geared towards those seeking a robust and dynamic trading environment. You can find information about fees for inactive accounts in our Terms of use (clause 17.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy.

How to Use HitBTC Exchange

For the BTC/USDT margin trading pair, users can expect a 1M USDT borrowing limit for long positions. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.

If you are one of these traders that would like to participate in the market making on the HitBTC platform then there are a number of Market Making contracts that you can enter into with them. These contracts have cash incentives as well as rebate bonuses. While verification is not mandatory on HitBTC, unverified accounts do have certain withdrawal limits in a day. Hence, if you wanted to withdraw more than the limit that they have on the exchange then you will have to verify your account. HitBTC uses cold storage to secure the majority of its funds, and relies on advanced encryption technology to prevent important information from being hacked. Email notifications are also sent when your account is accessed from a different IP address.

Top Spot Exchanges

• That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
• In addition, look at forums like Reddit and Bitcointalk, to find out what real people are saying about services like HitBTC.
• To access it, just click the Try Demo button on the dash.
• What sets HitBTC aside from many of the other exchanges is that they offer a pretty generous 75% of the trading fees that your referral generates on the platform.
• Competitive commissions, margin trading, and transparent compliance are all reasons for choosing this platform over HitBTC.Read our Cex.io Exchange Review.
• HitBTC provides its services worldwide without restriction.

Since we’re already done with the positive aspects of this HitBTC review, it’s time to jump to the less pleasant part and discuss what this crypto exchange is missing. Remember, though – if you’d like to check out some better alternatives, feel free to visit Coinbase or Binance. Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees.