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HitBTC Review – Most Advanced Bitcoin Exchange

HitBTC Review

The exchange was launched in 2013, and it has become a favorite for traders across the world despite being unregulated. It touts itself as being the most advanced BTC exchange, and it also offers other cryptocurrencies such as Litecoin, Ethereum, Ethereum Classic, USDT, Monero, Dogecoin, and more. The exchange is run by HIT Solution Ltd. a company based in Hong Kong.

Traders on the platform are treated to advanced order matching algorithms, and real-time clearing thanks to the systems core matching engine. Its claim to fame has been its high availability, fault tolerance, and uptime. But with many crypto exchange options in the market, is the Hit BTC exchange the best platform for you? Read on to the end of this HitBTC review to find out.

Trading Options

The HitBTC exchange provides information and tools to traders to help them make informed trading decisions. For the experienced traders, they will find the charts and graphs useful, and for beginners, the information on the blog will be helpful in determining strategies for winning trades.

HitBTC cryptocurrencye exchange review-coinrevolution

If you are serious about trading on HitBTC, click ‘Register’ on the top right corner and fill in the required information. You will then receive an email with an account activation link after which you can go on to add verification documents such as your government-issued ID or passport as well as your phone number.

The exchange also has an over-the-counter service that does not require user sign up. However, the service is available to users placing trades worth $10,000 or higher. HitBTC not only allows you to trade in the popular altcoins, but you will also find many rare coins such as Dentacoin, Ardor, Lisk, Electroneum, and more.

Deposits, Fees, and Withdrawals

You can deposit funds to your HitBTC wallet via bank transfer, or SWIFT. Click on ‘Deposit’ icon and choose the cryptocurrency you wish to deposit then click ‘Fund’ and this will create a wallet address. However, some currencies on the HitBTC exchange have additional identifier fields, and you must include them when making deposits. Unfortunately, HitBTC does not currently offer fiat deposits.

For all Bitcoin deposits, HitBTC charges a flat rate of 0.0006 BTC. Market takers are charged a 0.1% fee while the makers receive a 0.01% rebate. For withdrawals, however, the fees vary between cryptocurrencies. While there are no set transfer limits, you must send enough funds to cover the transaction fees. With that said, the HitBTC exchange has not imposed any minimum or maximum deposit and withdrawal limits.

Security and Support

HitBTC remains largely unregulated and this adds on to the trading risk. However, the exchange offers very decent security features to safeguard user data and funds. It supports 2-step authentication, a whitelist of withdrawal addresses, and email notifications concerning new IP logins.

HitBTC exchange review_coinrevolution

HitBTC has an online self-help center where they have answers to popular FAQs as well as instructional guides. You can also send an email to the support team, but it takes several hours sometimes days before you receive a response.

Conclusion

HitBTC has come under fire for its high withdrawal fees compared to other exchanges, and this means that you will have to make high volume trades to make up for the fees. However, it offers hassle-free OTC service, which is one of the many advantages.  We hope that the information in this HitBTC review has provide the necessary insight into the HitBTC exchange. Read more informative crypto exchange reviews here.

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6 Comments

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  2. How is this such a popular website and no one has reported what they’re really doing??? scamming the world and making victims. I found out the jig only after losing 100.000€ trying to buy bitcoins on their platform… I made payment and they claimed to not have received it, however my bank confirmed that the transaction was completed!! This is not good at all and we need to get justice! I made reports to all the agencies, authorities and regulators I could think of I got the same response from all of them, “We will take your report into consideration, when we get more information, we will be able to investigate” What happened to investigating out right… I was not having it and I needed to get my money back so I went looking for private firms and found recoverywealthnow360 on google mail ; this was the only company that was able to help me out and successfully get my money back…. Please if you have been scammed by HITBTC, complain to recoverywealthnow360 at g mail dot com

  3. @ethan that is such a blatant lie, hitbtc doesn’t operate with FIAT, they wouldn’t have take your EUROS, they only do fiat for institutional partners iirc.

  4. Support makes quick work of your requests, longest I’ve had to wait was 2 days for a issue to b eresolved while I was requesting a 2fa reset (I was missing some info from my KYC), but after I provided the requested info all sailed smoothly.

    No fiat support though, wish it had it for regular users.

  5. I’m from the US and had an issue because I didn’t realize they don’t work with US citizens, yet, once I sent my funds and thought they were lost, their support agents helped get my funds back, if you’re in the us DO NOT USE IT! Big kudos to their support team, they’re definitely doing things right.

  6. not just OTC, demo trading, API trading and some others are also great pluses to have!

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