You should consider your own circumstances and obtain your own advice before making any investment. Discover the origin of decentralized finance, blockchain technology, and cryptocurrency with our articles What Is DeFi, How to Buy Cryptocurrency, and more. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates. The exchange is relatively simple to use; however, it’s best suited to more experienced traders.

• 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.
• Therefore, having a two-account system does create a little confusion.
• This was added to their T&C’s without informing their customer base, so they are straight up thieves.
• However, the security and transparency of this exchange are major concerns.
• However, the platform offers a number of advanced features within its main trading area, so you’re best off doing this only if you are an experienced trader.
• You can then send your purchased Bitcoin to the specific address listed on HitBTC’s exchange.

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Unfortunately, we couldn’t find any concrete information regarding the exchange’s founders. Its website, on the other hand, simply states that it was founded by experienced individuals who were technological experts and system architects. Now, you can join contests, ace quizzes, read exclusive crypto insights, and unlock your potential in the cryptocurrency world with us. You cannot work with USD, EUR, or any other real-world currency. This makes it not beginner-friendly and extremely restrictive.

Step 3. To initiate a transaction copy and paste your wallet address at a third-party service.

• Using it, you can buy cryptocurrency instantly with your bank card (VISA or Mastercard) and send it directly to your HitBTC wallet to start trading immediately.
• OTC trading allows users to perform high-volume trades without going through the public order books.
• Eventually, all payments are processed as long as they’re not fraudulent.
• If you decrease the liquidity, you get charged a .1% commission.
• Our goal here is to ensure the safety of the traders’ funds and establish their rightful owner in order to prevent possible fraudulent attempts to claim them in the future.

I disagree and strongly oppose their unfair business policies. 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. Besides, some customers have complained online that they’ve been unable to withdraw their funds from the trading platform. For one, https://www.tokenexus.com/fantomcoin-review-of-the-cryptocurrency/ it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety. And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs. At the same time, they can also choose to automatically log out of all sessions at a selected, regular interval.

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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. Something that many exchanges offer is an affiliate program where you can refer other traders and earn a commission off of their trading. Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals.

On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit. HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS. Their core-matching engine includes superior order matching algorithms and HitBTC Review real-time clearing. 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.

• Lastly, tier 10 users with a monthly volume exceeding 100,000 BTC must pay a 0.01% maker fee and a 0.02% taker fee.
• Click the “Request Verification” button once you are done with everything.
• This gives HitBTC a competitive edge over exchanges that keep their users in the dark about real time performance issues.
• HitBTC has Over The Counter trading services for high-volume traders.
• Nevertheless, on this platform, users can deposit funds using real-world money through direct bank transfers.

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