The advantageous difference between a cryptocurrency exchange with such a relatively long history and most of the other platforms of the cryptocurrency world is that it has never been hacked. System monitor helps users to check if some coins are blocked from trading, withdrawals, or other actions for specified periods of time. As for trading fees, HitBTC sticks with a “maker-taker” model. The traders placing limit orders are adding positions to the exchange order book. As the exchange is benefiting from such actions, it incentivizes traders to place limit orders via trading fee discounts. “Makers” pay less than “takers” — those who use market orders (“take” the orders off the order book decreasing the exchange liquidity).

Hitbtc Review All You Need To Know In 2024

• I’ve already covered it quite a bit, but to reiterate this important point, HitBTC is popular with professional traders.
• Some of the most notable examples of regions where HitBTC is unavailable include the United States, Iran, Syria, Crimea, North korea, Sudan, and more.
• After reviewing many exchanges, these problems don’t sound so unusual to us (unfortunately).
• Meanwhile, verified users fall under HitBTC’s tier fee structure, which determines trading fees depending on the user’s trading volume over the last 30 days.
• It is a regulated company with headquarters in San Francisco.
• Overall, the HitBTC incident of 2015 wasn’t a major problem.

But they just “forgot” to inform the account holders. However, it does have some transparency issues, which put red flags on this exchange. Therefore, it depends on you and your risk tolerance level – Whether to trade on it with completing the KYC and regulating extra securities or not?

Company Information

This exchange currently supports 27 of the top 30 market cap cryptocurrencies. As I am a holder, I kept a certain amount of cryptos in my wallet. Just got back 1,5 year later to HitBTC Review check, and it was gone!! Looking deeper, I understand that HitBTC introduced an inactivity fee of 10 dollars. The problem is not the fee itself, if you don’t like, just leave.

Unresponsive support team

If you’re into daily trading this is especially important to you. If you want your account to be extremely secure make sure to create a strong password. Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. The most recommended cold wallets include Ledger and Trezor. The reason why they’re so secure is because your private keys are stored offline. You can choose from more than 380 cryptocurrencies and over 800 crypto pairs.

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Therefore, due to its high liquidity, the platform creates low transaction fees. Also, on the HitBTC exchange, there are such coins that are not on other top sites. This makes the platform unique, and traders receive additional liquidity. The exchange has developed over the years to provide high volume trades on a secure platform that monitors and constantly updates users on the status of the system’s health. As a result, the platform now has over $300m in trading volume. Firstly, we have to take issue take issue with their customer support.

Like many other huge exchanges, HitBTC has a problem with the support team response delays. It doesn’t happen all the time, however, some users complain that they have to wait for their queries to be answered for hours or days. HitBTC is explicitly limiting the participation of low volume traders in the OTC trading — the minimum trade volume allowed in the OTC desk should be equivalent to 100,000 USDT. The OTC trading fees are higher than the usual trading fees on HitBTC.

Choose a Reddit account to continue

You can directly click here to open the support ticket of HitBTC. Another option is to scroll down till the end of the Home page and select the “Support Center.” In the support center, you will see a “Contact Us” button. After clicking on that button, it will take you to the support ticket. It has never been hacked before, besides some sources saying otherwise without any proof regarding security.

HitBTC and the US Traders

• They get a good amount of crypto to keep just from people not being able to complete the 2 FA recovery.
• The most recommended cold wallets include Ledger and Trezor.
• NowHitBTC-eth.net is infringing on the real HitBTC and should cease operating using the HitBTC.com name.
• Can’t login because of two factorI have lost my smartphone and i don’t have access anymore to my account.About 20 e-mails to support HitBTC and myself.I have send a copy of my ID, selfie with…
• This makes the platform unique, and traders receive additional liquidity.

Nowadays, fiat deposits are only possible if users rely on the Changelly integration, which allows the purchase of crypto via debit cards and credit cards. HitBTC also provides a development guide for its https://www.tokenexus.com/ API, thus making it easier for programmers to develop supportable trading systems. According to the exchange, the OTC service is opened for users looking to trade above $100,000 worth of cryptocurrency.