Connect and share knowledge within a single location that is structured and easy to search. User sentiment reflects a split between those valuing the platform’s depth and transparency, and those frustrated by administrative hurdles. Compare features, pros, and cons of platforms like eToro, Kraken, and Crypto.com. HitBTC is offering a multitude of features that have contributed to its global popularity. Nothin good can come out of doing any sort of transaction with these bunch of crooks.

Accessing API Keys

However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.

It’s expected to do its best to ensure the security and confidentiality of any information about its customers. Processing and storing of information occurs in the territory of the EU. HitBTC has a variety of order types and currencies and a trading demo (in maintenance). However, there are many complaints about their services, with users claiming they lost money on HitBTC. There are even rumors of it being a scam, but it is more likely that the team couldn’t keep up with the number of users and transactions.

• For these reasons, we stand beside their statement that HitBTC is the most advanced cryptocurrency exchange for these specific aspects.
• To keep your account active, you can initiate any type of transaction with any coin available on the platform, not necessarily DOGE withdrawals.
• It’s main purpose is to exchange cryptocurrencies to other cryptocurrencies and it is focused to be used by experts.
• The negative point is that of the more than 300 available pairs, many find themselves with very little transaction volume and with projects that are “unreliable” or non-existent.
• Therefore, if you want to have a real trading experience without risking anything, HitBTC is the perfect platform for you.

Trading Fees

Market orders, limit orders, and stop-limit orders are built into the trading interface for convenient access. Without these permissions, many services will not be able to execute your strategy or trade for your account. Throughout the rest of the review, we won’t have too many other negative points to hammer on, so if you’re looking for something negative to believe about HitBTC, this is about it. Let’s take a walk through the UI and break down the different aspects of the user experience.

• For this purpose it employs up-to-date data encryption methods, cold wallets, a two-step authentication, automatic logout from the user account, and a detailed history of the trader’s activity.
• When you search Google for “HitBTC”, a Wikipedia information shows up.
• There is conflicting information online claiming it is either in the UK, Estonia, Hong Kong, or Panama.
• Users are supposed to be able to trade digital currencies such as Bitcoin, Ethereum, and others.

In our HitBTC review, we found that it is a secure and reliable cryptocurrency exchange with a wide selection of coins and trading pairs. It offers advanced trading tools and features, including margin trading and a wide range of order types. HitBTC provides a secure and reliable platform for trading digital assets, with a wide range of features and tools, including advanced order types, margin trading, and a variety of order books. The platform also offers a wide range of payment options, including bank transfers, credit cards, and cryptocurrencies.

HitBTC is a scam!

HitBTC partnered with Trustedvolumes.com to roll-out this offering. Traders who want to trade over $100,000, HitBTC recommends using their OTC market. For seasoned and technically adept traders who prioritize market depth and flexibility, HitBTC remains a viable option—provided they can navigate occasional friction around account management. Those who value fast support, low fees, and beginner-friendly experiences may find other exchanges more suitable. What’s worse is a large number of assets that have a dangerously low trading volume. At the time of writing over 600 trading pairs have less than $1,000 volume on HitBTC.

Customer Reviews

Creating an account on HitBTC is straightforward, and the verification process is quick and efficient. Users can verify their accounts through a secure identity verification process, which adds a layer of security to the platform. HitBTC is a popular cryptocurrency exchange with some unique features that set it apart from any other trade/exchange websites out there today that handle FIAT and crypto currency trading.

Response Time

HitBTC is a European bitcoin exchange platform founded in 2013 with a 6 million USD Venture Capital investment. Ullus Corporations is the company behind HitBTC, which offers traders the opportunity to trade the most popular cryptocurrencies and widespread fiat currencies, such as USD and EUR. The main goal of the company is to introduce crypto traders to the most advanced technologies. Suddenly, they started charging $50 per month for inactivity, and when I noticed, my account was frozen. They continue to deduct fees from balance without giving any chance to reactivate or access account.They are imposing these fees unilaterally and without proper communication or consent from users.

But like it more or less, HitBTC fulfills its function correctly. In addition, as we have already mentioned, the exchange has a large number of cryptocurrencies available for trading. Your HitBTC account is almost ready to be used and start trading with cryptocurrencies, you just have to accept the privacy policy. These coins are usually used to make Pump / Dump generating losses of money in the most inexperienced traders. The positive, of course, is the possibility of trading with a large amount of cryptocurrencies without having to leave the exchange to find the desired pair.

Support InfrastructureSupport is handled via a ticket-based portal and email. Some users experienced lengthy delays, up to several weeks or months, especially when reporting account or withdrawal issues. Criticism centers around slow support response and inconsistent resolution. “I’ve been utilizing the hitbtc exchange for months, and its reliability and security have been top-notch for my trading activities.” High liquidity and consistent trading volume improve the experience for both retail and institutional investors. The APIs provide a way for developers to execute high frequency, algorithmic, and real-time trading strategies.

This is a crucial factor for traders, especially those dealing with high-volume transactions. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. It’s main purpose is to exchange cryptocurrencies to other cryptocurrencies and it is focused to be used by experts. The exchange claims to have been a pioneer in automated and algo trader offerings including REST, WebSocket and FIX API. The exchange offers its services globally with the exception of some countries such as the USA, Cuba, North Korea, Sudan, Syria, and few others.

Users should be clearly informed and asked for approval before any such changes are made. The very fact that the company is moving in the right direction is proved by a large number of regular customers who publish positive reviews about the resource on the web. Many traders actively use the exchange, noting on the Internet both its positive and negative sides. All-in-all, it’s not bad that HitBTC wants to support a variety of assets that may not be offered on other exchanges.

The UI is a bit outdated, the trading terminal could use some patching up, and the overall feel of the exchange experience is closer to Poloniex than Coinbase Pro. When it comes to trading fees, HitBTC charges a maker fee of 0.1% and 0.25% taker fees. On Sitejabber, businesses may not offer incentives or pay to remove hitbtc exchange review reviews. But if instead you are starting in the world of cryptocurrencies, we will make a tutorial about the most important parts of the platform. Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard our platform.

HitBTC supports FIX via two types of interfaces, including FIX Market data and FIX Trading. Funding your account can take up to fourteen (14) business days, while the withdrawal of funds can take up to twenty (20) business days. There are levels of accounts that you would be able to get with HitBTC – General, Verified, and Qualified. Each of these levels has their own advantage, but of course, the higher the level, the higher the trading volume. Like most other exchanges, HitBTC promises to be safe and secure thanks to the use of cold storage, advanced encryption technology and 2-factor authentication.