While some platforms support up to 10 cryptocurrencies, others can support hundreds and even more. When deciding which crypto exchange platform to use, there are multiple aspects to take into account. Without further ado, let’s jump to HitBTC review and find out more about this cryptocurrency exchange. Today, I’ll introduce to you HitBTC, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies. While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs. RESTful API allows users to access market data, manage funds, and perform trading operations.

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. In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. Yes, HitBTC is a legit cryptocurrency exchange platform. While such a verification process is quite regular to all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. The very first aspect that multiple HitBTC reviews distinguished is the fact that this crypto exchange has poor customer support.

HitBTC Review: The Ultimate Guide to Trading, Security, and Fees

That said, many users believe that KuCoin is one of the simpler exchanges on the current market. However, you’ll find that multiple HitBTC reviews distinguish the fact that the company’s customer support is not the most helpful, and some users don’t like a long verification process. After creating your account it’s time to start trading.

This exchange is good for traders looking for a wider range of digital assets and lower trading fees. However, withdrawal fees vary according to the cryptocurrencies you want to withdraw. The exchange does not charge deposit fees for depositing cryptocurrencies. The exchange provides a demo account for new users to get used to the platform.

Features

This is something that you don’t see with a lot of cryptocurrency exchanges. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. However, if your account is verified you will get full access to all the features in the exchange and will have unlimited withdrawals, buying, and selling. The HitBTC exchange tells that it is one of the most advanced and secure cryptocurrency platforms in the world. Trading volume is taken into account for calculating trading fees. The exchange follows a maker-taker model to determine the trading fees.

However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism. Furthermore, there is no evidence of a hack indicating robust security. The HitBTC customer support team is available around-the-clock, and you can contact them through an online support form. While signing up on the platform, you must certify that you are not a resident or citizen of any of these nations. Users can choose between crypto-to-fiat and crypto-to-crypto currency pairs.

I have accounts on Kraken and Binance, and with neither I had problems like that. I took everything that was left out and will forget about this terrible experience. I was deceived but i reported them and got my funds. They are so cruel and would ruin you financially if you commit your funds to them. They helped me recover my stolen asset with ease and I'm so grateful for their support. If you've been a victim, email me (on my profile) for guidance on reclaiming your funds.

HitBTC Review The Ultimate Guide 2023

In this mode, you can play with their websites and features and try to feel comfortable with trading without losing anything. Funding your account can take up to fourteen (14) business days, while the withdrawal of funds can take up to twenty (20) business days. For a cryptocurrency exchange, online reputation is very important. There are many users of HitBTC complaining that their money was stolen from their accounts.

Go to your account page and click the green button that says “Deposit”. After completing these 5 easy steps your account is created. Now, if you want to start using HitBTC right away, you should know how to register and deposit your funds. You can jump straight to the further section if you want to find a step-by-step guide on how to register and create your account. Remember, though – if you'd like to check out some better alternatives, feel free to visit Coinbase or Binance.

Long time waiting

It soon became clear to me that I had fallen victim to a scam.Feeling helpless and devastated by the loss of my hard-earned money, I began to search for ways to recover my funds. I recently recovered my funds from HitBtc with the help of a professional recovery agency that specializes in helping victims get their money back from fraudulent companies. I have seen many untrustworthy exchanges, but HitBtc is the absolute worst. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).

Therefore, after this HitBTC review, it should be clear that it’s a legit and highly-recommended crypto exchange platform. Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. 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. In this HitBTC review, you’ll find out about HitBTC security, its pros and cons, fees, supported coins, and payment methods. Since cryptocurrency popularity is growing you can find such a variety of platforms that allow you to buy, sell and trade cryptocurrencies.

Mara assures me they will help me log into my account and will send an email. I have been trying to login to my HitBTC account without success. They have robbed from my account worth hundred of dollars.

How to Deposit & Withdraw on HitBTC

• HitBTC offers some of the lowest fees in the market.
• After creating your account it’s time to start trading.
• According to its terms of service, US residents aren’t permitted to use the HitBTC cryptocurrency exchange.
• This HitBTC review will reveal everything you need to know about the HitBTC exchange, its features, services, trading fees, etc., to help you decide if it’s a suitable exchange for you.
• Standard messages are sent by support, which violate their own guidelines.

There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates.

How to pick the best crypto exchange for yourself?

First, you must pick the main currency from the chart’s header, followed by the trading pair. HitBTC has a rebate scheme for its market makers who supply the exchange with solid liquidity and receive a 0.01% refund. HitBTC requires you to go through the steps described above to have an upgraded account. Following account creation, you must log in to your HitBTC account and make a deposit. Gain trust and grow your business with customer reviews. At the day they allowed again the access to MY dogecoins, there was a "Inactivity fee" – they took 90% (3500 DOGE) of my wallet.

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• However, when it comes to HitBTC, you can have a full experience without the need to risk anything.
• Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents dissatisfied with its lack of transparency.
• I experienced lost connection but waiting 2 weeks for support team to answer.

With a demo account, users can trade without fear of losing tangible assets. The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset. Hitbtc is one of the oldest and fastest-growing cryptocurrency exchanges in the world. Choosing a suitable cryptocurrency exchange is harder now as so many exchanges exist.

Low Trading Fees

It is not an offer to buy or sell any security, product, service or investment. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. The physicist has couple of years of professional experience as project manager and technological consultant. You might love how it all feels, but at the end of the day, it is still your decision to make. You can also visit this forum post if you want to read about people that are having problems with their HitBTC account.

You’ll be directed to the trading area after clicking the exchange button. While using a bank transfer to deposit https://forex-review.net/hitbtc-review/ funds, users are required to go through a lengthy verification process. HitBTC is a multi-currency digital exchange specializing in altcoin spot trading. HitBTC serves most European and Estonian markets, but it’s also easily accessible to users across the globe, with several exclusions.