Forex Trading

HitBTC Review for Canada 2023 Crypto Exchange Reviews

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hitbtc exchange review

However, it seems that in a follow up to the tweet HitBTC unfroze the account and allowed his mother to continue trading. Lastly, you can only buy and sell coins that are divisible by 100, 1,000 or 10,000. This is not ideal especially for those smaller traders who want to trade the more expensive coins. For those traders who like to code their own trading bots, HitBTC offers a pretty robust and efficient API.

What is HitBTC?

They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called. You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably code more effective bots with the MetaQuotes software as you have access to all of the indicators and market inputs right out of the box. The MT4 platform provided by HitBTC and Weltrade can be run on a range of different devices. The MT4 software can be run on your desktop, on an iOS device or on a Google Android. To begin trading, you need to first make a deposit into your account.

  • I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins.
  • One of the main concerns regarding HitBTC is accountability.
  • Eventually, all payments are processed as long as they’re not fraudulent.
  • You’ll need to enter your personal and credit card information, and then perform a secondary verification with Changelly.
  • At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership.

As of the last update of this review, Coinmarketcap had liquidity of $ 100 million, which gives it a place 2 on the list. The exchange was leaving a gray area at that time and didn’t meet multiple strict requirements of US law in the sphere of cryptocurrencies. So, beginning with 2019 the residents of any of the states of the United States of America are not allowed to trade on HitBTC. Last week I carried out one of those periodic checks and found my account had been EMPTIED. I checked on the Ethereum Explorer to see that there were transfers on the ink and lord behold there were transfers happening after hitbtc said that they weren’t any transfers happening.

I have deposited 10000 INR And total…

Meanwhile, verified users fall into HitBTC’s tier fee system, which determines trading fees based on the user’s trading volume during the past 30 days. HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features. In this post I will review the company, its services and share some of my personal experience with them. This exchange is good for traders looking for a wider range of digital assets and lower trading fees. But you need to note that the company CEO and head employees remain invisible in the era of the internet.

hitbtc exchange review

The Trollbox is available in several different languages and good for asking other users questions about not only HitBTC but their thoughts on coins traded at the exchange, as well. Below that is a list of previous and open orders/trades, and below that a list of most recent trades for the active pairing next to a market depth indicator screen. This is a great platform for trading, especially for beginners. It offers a Demo account, which allows users to have a real-time experience in trading without risking any real investments. The Demo account is completely free and can be used for educational and training purposes.

The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars. HitBTC lists over 300 different cryptocurrencies, which equates to over 800 different trading pairs. Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated. The likes of Coinbase hold licenses with both the FCA and CySEC . Once your deposited funds show up in your HitBTC account, you can then make your first trade. At the top left hand side of page, click on the ‘Exchange’ button.

HitBTC Deposit and Withdrawal Methods

Despite the well publicized hack, the company takes security seriously. It’s current monthly volume is a staggering 114.8 BILLION! This major platform hitbtc exchange review offers everything that HitBTC has and beyond. Margin trading, margin funding, and a suite of order types all appeal to experienced traders.

Margin trading – For traders who want to leverage their trading, HitBTC offers cryptocurrency margin trading through the MetaTrader 5 Terminal. HitBTC offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new token offerings.

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. We will talk about how to use it, as well as discuss the strengths and weaknesses of this project.

hitbtc exchange review

This blockchain is aimed at solving the protracted scalability problems of Ethereum. The ARB perpetuals gained strong traction on the DeFi platforms. The project became popular as it promised to critically decrease the Ethereum blockchain congestion by deploying the sidechain transactions, making the Ethereum operations quick and cheap.

Fees can vary from 0.25% to -0.01% for extremely large orders . On March I was contacted by a HitBTC representative and the issue has been solved. We have escalated the issue to our second-level support experts and flagged it as a high priority.

Cryptocurrencies available on Hitbtc

HitBTC has a trading minimum amount for every currency pair. The limit is calculated on the target currency you want to purchase. For instance, Bitcoin has a minimum amount of 0.01 BTC per order.

However, what you should know is that the higher amounts you trade, the lower your fees will be. HitBTC allows you to trade the most popular cryptocurrencies and widespread fiat currencies, including USD and EUR. The main company’s goal is to introduce crypto traders to the most advanced technologies.

Now HitBTC users can buy crypto with fiat money via bank transfers and debit/credit cards. The payments are operated with the help of the exchange partners MoonPay and Banxa. HitBTC provides its services worldwide without restriction. The company pays most of its attention to the Estonian and European markets, however, HitBTC exchange is highly accessible to customers from different countries around the world. HitBTC cryptocurrency exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs.

​About HitBTC

Due to its intuitive interface and simplicity of use, this exchange can be used without problems by experts in the sector as well as by newcomers. If you have traded on any platform you will see that HitBTC is not very different from the rest. Among the pairs that HitBTC includes we can highlight Bitcoin , Ethereum , EOS, Ripple , DAI, TUSD or Bitcoin Cash . Navigate to your account page and click on the green “Deposit” button.

The history of your trades on the particular market is available in the “My Orders and Trades” section. There is NO FIAT TRADING. You cannot work with USD, EUR, or any other real-world currency. This makes it not beginner-friendly and extremely restrictive. If you’ve already got crypto, consider Bittrex over HitBTC. Once you’re in demo mode, you can make adjustments, check out the graphs, and make trades without having to sweat the outcome.