HiBTC fees for withdrawals are unique in the fact that they aren’t based on transaction volume. For example, if you want to withdraw 10 BTC or 0.5 BTC, you’ll be charged hitbtc exchange review the same fee. Fees are dynamic, and adjust with automatically with the market. If you want to withdraw a larger amount of crypto, this is certainly a positive.

Having your funds locked up for weeks or months at a time can be devastating. It’s possible to deposit most of the cryptocurrencies HitBTC allows trading for. There are limited exceptions to this but all major coins are supported.

1. An added security feature is the option to whitelist a range of addresses that you trust in order to prevent anyone else withdrawing to an address that is not in your control.
2. Always be suspicious of any investment opportunities that promise a high return with little or no risk – if it seems too good to be true, it probably is – and is highly likely to be a scam.
3. HitBTC is also one of those exchanges that are open to bots, which are relatively few and provides various APIs that can aid tech-savvy users in being able to trade automatically.
4. It has many currency options and very low fees that compete with anyone on the market.
5. Always double check that you have entered the correct wallet address when transacting with cryptocurrency.
6. When deciding which crypto exchange platform to use, there are multiple aspects to take into account.

This provides you with the IP address and details of all login attempts and user sessions related to your account. When deciding on the best cryptocurrency exchange for your needs, ease of deposits and withdrawals is a major factor. Thankfully, HitBTC has straightforward policies regarding account funding and withdrawals as well as an easy to use system for getting started. Be fully informed as this article guides you through the major features of this exchange as well as fees, deposit/withdrawal processes, and HitBTC security. We’ll also walk you through the account creation process and show you how to make your first trade on the platform. Like many other huge exchanges, HitBTC has a problem with the support team response delays.

Account security issues aren’t escalated or dealt with appropriately to their severity. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. In order to write in the chat, on the exchange you must have an amount equivalent to 0.01 BTC. Once you have transferred funds to a trading wallet, you can safely proceed to bidding. The next column automatically shows how much you will receive coins in fact, taking into account the commission.

Under the security tab, you can choose to ‘terminate all sessions’ if you believe there is someone else accessing your account. The site will automatically log out all your active sessions, except for the one you use to perform this action. HitBTC is a crypto currency exchange owned by HIT solutions Ltd, which is based in Hong Kong. According to the vast majority of reviews online, response times are super slow. Before sending a question or concern, it’s worth seeing if you can find a suitable answer in the FAQ section. Although the HitBTC support team operates 24 hours per day, the only contact channel available is the online support form.

If they are using a bank transfer to deposit funds, they should undergo a verification process which will take some time. If they are depositing using cryptocurrencies, the user need not verify their identity, and it takes not more than 20 minutes for the funds to show up in their account. The withdrawal fees will vary from token to token, and you can see the full list for yourself once you have made an account. Still, there are users who have complained about higher withdrawal fees, which you can even check for yourself when you go to sites like Coinmarketfees. HitBTC exchange offers beginners the chance to practice trading cryptocurrencies on its demo platform first. You can sign up and use the demo platform by selecting the demo option at the bottom of the screen or by entering demo.hitbtc.com directly into your browser.

HitBTC vs Bitget

Furthermore, there is no evidence of a hack indicating robust security. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

Grow Your Crypto With CoinStats Premium

In the Security tab, you can see the history of connections with IPs and locations and the list of the active sessions. If some of them seem suspicious you can terminate them in one click. The next thing you should do after this is change your password so the bad actor won’t be able to log in one more time. Another security feature is the opportunity to create a whitelist of withdrawal addresses. This move will forbid withdrawals to the addresses that are not included in the list. It contains information about new trading pairs on the exchange, the choice of a trading pair, the rate chart of the selected trading pair, the open orders of other users, etc.

As HitBTC offers wire transfer as a deposit method, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies. There is a ticket system that allows users to file a help request but it has the same reported response times as through email. If the problem was just that it was difficult to get ahold of HitBTC, their customer support would rank average compared to other cryptocurrency exchanges in general. Do not forget that cryptocurrency exchanges have a tendency to close the registration of new users but also often close the wallets of different coins for servicing. Despite their issues, the exchange still has a high turnover rate and could be a viable option for anyone looking for exotic coins, and does not take their security seriously. If you’re involved in the cryptocurrency sector you may have heard of HitBTC.

MicroStrategy Acquires 14,620 BTC at $42,110, Surpassing 189,000 BTC in Total Holdings

The next step is to read HitBTC’s privacy policy and other user agreements. You’ll be required to agree to the privacy policy, user agreement, and mailing notice before you can continue. Users have reported receiving conflicting pieces of advice in badly broken English.

Communicate with HitBTC

Not long after its launch in 2015, HitBTC went offline for a short period of time. During this event, some users complained that they couldn’t withdraw funds from the exchange. This was presumed to have been caused by the exchange freezing user funds as a security precaution after another exchange called Bter had funds stolen during a hack. Of course, many people will argue the fact that the exchange can freeze funds whenever it sees fit is a negative when considering security. The ‘main account’ is designed to be a place where you can store your cryptocurrency funds. You’ll have to first transfer them to the ‘trading account’, which is designed specifically for trading and not for storing funds.

You only need to go through the list to find out the withdrawable ones before placing your withdrawal and it’s seamless.Thank you Hitbtc. The HitBTC exchange is considered a legit & safe trading platform as it has included many security features to protect its users. Also, there is no proof that this platform has been hacked which shows strong security. It offers several measures to maintain the data and ensures that traders use two-factor authentication. Also, HitBTC users are prompted for a password when a new account is created for security reasons.

HitBTC is one of the largest cryptocurrency exchanges in the world for daily trading volumes. The platform lists hundreds of supported coins, and its fees are highly competitive. However, the platform has a somewhat “murky” reputation in the public domain. To conclude, HitBTC is one of the leading and secured crypto exchanges that offers several features. Some of them include lower trading fees, strict security measures, and several features and tools for experienced traders. Also, according to CoinMarketCap, it is one of the biggest and top exchanges.

Trading Pairs

HitBTC doesn’t currently support direct crypto purchases using money or fiat currencies but it does let you purchase Bitcoin through a partnership with Changelly. This allows you to use your credit or debit card to get an initial Bitcoin balance of .0006 BTC to use for trading. It provides an easy-to-use platform so that everyone can confidently buy cryptocurrencies. Coinbase was designed to allow any user to feel comfortable buying cryptocurrencies.

HitBTC Review: The Ultimate Guide to Trading, Security, and Fees

One of the main selling points to HitBTC is that the platform offers some of the cheapest fees in the cryptocurrency exchange arena. It really is a shame that a trusted service like HitBTC would mortgage its reputation to steal user funds. We don’t know why HitBTC has started to suffer, and we don’t know what’s going on within the company itself.