Location of Www Hitbtc.com at 04 May 2021 04

Most of the criticism about the security of the exchange is associated with the slow support team and withdrawal delays. In certain cases it can even lead to loss of the potential profit. However, these delays are not lasting forever and at some point money ends up where it belongs. However, as we can judge by the user reports, such bad customer support work doesn’t mean that users lose their funds on HitBTC. After a while, users successfully complete KYC procedures and withdraw their money.

Now that you have created your HitBTC account, you will now need to deposit some funds. If you want to deposit funds using a bank account, you will need to go through a verification process.

But since December 22, 2017, users of the HitBTC exchange have to pay a commission for Bitcoin deposits. Demo trading allows all potential clients to get used to the trading platform before making real money on it. Nevertheless, the exchange has significant Ethereum cryptocurrency restrictive criteria that limit the deposit and the amount of withdrawal, as well as an extremely limited selection of pairs of virtual currencies. The CoinBase support service is unstable, so all these factors are very inferior to the HitBTC exchange.

Market By Volume

As such we are committed to continuously improving our infrastructure and delivering trading and market data connectivity with the lowest latency and maximum security possible. Poor customer support is an issue affecting the cryptocurrency exchange industry as a whole. With the rapid increase in demand from investors, all popular exchanges seem to be struggling to scale their customer support.

• One of the main selling points to HitBTC is that the platform offers some of the cheapest fees in the cryptocurrency exchange arena.
• Nevertheless, HitBTC’s liquidity is nearly matching the one of Huobi Global.
• The biggest and primary concern for the Hitbtc exchange is their accountability because the company location for where it operates is not known.
• Informative official website, quick withdrawals, professional support managers, etc. – All these factors make interaction with the platform comfortable.
• Our colocation services are housed in a safe and fault-tolerant data center, the LD4 in London, which provides infrastructure for financial and trading systems.
• Frustrated exchange users are also far more likely to voice their opinions, compared to happy users.

Launched way back in 2013, HitBTC is one of the oldest cryptocurrency exchanges in the industry. The platform allows users to buy, sell and trade hundreds of different cryptocurrencies, 24 hours per day. As soon as the deposited funds show up in your HitBTC account, 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.

A Beginners Guide To Cryptocurrency Trading

AML/KYC rules help the public to identify harmful financial activities, and agreeing to use a KYC-compliant exchange is a small contribution to the safety of the global financial community. Moreover, the AML/KYC rules compliance allows HitBTC to keep working in the countries with strict cryptocurrency regulations.

Small commissions are also attracted by the fact that you do not need to go through the procedure of confirming your identity – you can remain an almost anonymous user . It provides an easy-to-use platform so that everyone can confidently buy cryptocurrencies.

In this HitBTC review, we’ll explore the complaints of its users and compare it to the leading competitors. You can work on the exchange and trade cryptocurrencies immediately after creating an account and adding funds to your balance. The working space of the interface is well structured, has convenient to use tools, and everything is clear and logical. On the right side is the “Instruments ” section, where you need to select a trading pair. System monitor helps users to check if some coins are blocked from trading, withdrawals, or other actions for specified periods of time. Happily, such situations are rather exceptional as most withdrawals are performed smoothly.

The company boasts zero account hacks among people or organizations using Yubikey. The devices exist in numerous shapes and sizes so HitBTC traders wishing to make 2fa easier and safer will be able to find the best option or even choose a custom variant. HitBTC is an exchange for the experienced cryptocurrency trader interested in trading altcoins. In April of the same year, the developers launched a demo trading and later – an application for voting based on altcoins. Thanks to it, users can choose which cryptocurrencies should be added to the exchange. In the fall of 2016, a service was added that allows you to trade USD and EUR. So, after the verification procedure, the user can enter fiat money on the exchange and go directly to trading operations with digital currency.

While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto. In early 2019, just a few days prior to the annual “Proof of Keys” event, HitBTC came under fire for disabling user withdrawals. However, the exchange didn’t make a big deal out of the situation. Nevertheless, HitBTC exchange is open about its official location. Its official mailing address is Unit 19, 7/F., One Midtown No. 11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong.

How To Deposit On Hitbtc

Either enter the name of your coin on the right-hand side or scroll through the list and select the coin you want to buy. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too. The exchange hitbtc location is relatively secure and easy to use but is a better fit for more experienced traders. Despite these red flags, my personal experience with HitBTC remains positive – the exchange does its job, even though high withdrawal fees weren’t a pleasant experience.

Many users online seem to complain about forced know your customer checks when withdrawing funds, so a good practice would be verifying your account before starting to trade on HitBTC. Besides, some customers have complained online that they’ve been unable to withdraw their funds from the trading platform.

Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column. As we noted earlier, HitBTC is popular with traders because of the number of coins it supports on its platform. HitBTC is also a common choice for newly created tokens that are looking to list on an exchange post-ICO. We have compiled a list of supported hitbtc location coins now available on HitBTC, which you’ll find below. Transactions through Debit and Credit card is not available in HitBTC, so no fees for that. However, for users who complete their transactions using European Bank Transfer , the price is 0.90 EUR. Finally, for the International bank wire , users have to pay $9 as the fee.

What Is Hitbtc?

If you are looking for some specific coin there are more chances of finding it on HitBTC. Trading fees for traders with verified accounts on HitBTC are lower than on Binance.

The commission payment for instant transactions charged by the HitBTC exchange is 0.1%. Until recently, all cryptocurrency deposits on HitBTC were free.

If you haven’t quite got the time to read our review all of the way through, then we concluded by noting that we cannot recommend HitBTC as a credible exchange. The platform not only has a history of moving from jurisdiction-to-jurisdiction, but it has a significant number of bad reviews in the crypto community. If the safety of your funds is your top priority , we instead prefer heavily regulated platforms like Coinbase. Not only do they hold two regulatory licenses, but the platform is simple to use, it allows you deposit funds using multiple fiat options, and you can even short coins. Nevertheless, on this platform, users can deposit funds using real-world money through direct bank transfer.

Hitbtc Review: Customer Support

There are no fiat money pairs on both exchanges, however, people may buy cryptocurrencies paying in national currencies. Cryptocurrencies are becoming more popular every day and many are looking for how to exchange fiat money for the cryptocurrency. There are many different ways to get your first crypto, but it is most convenient to use exchange platforms. Today we will consider one of these trading platforms, which is named HitBTC. HitBTC confidently enters the TOP cryptocurrency exchanges in daily trading volume.

Автор: Barbara Kollmeyer