Hitbtc Crypto Exchange Review

hitbtc review

Customers looking to purchase or sell high amounts of cryptocurrency, may prefer going through HitBTC’s OTC trading interface. Through this service, users can unlock easy and fast access to deep pools of crypto liquidity, thus enabling transactions that are kept off the public order books. In other words, OTC purchases and sales do not have a considerable impact on crypto prices, allowing high-volume buyers and sellers to get the best deal possible. Founded in 2013, HitBTC has become one of the popular cryptocurrency exchanges operating internationally. HitBTCprovides a medium to exchange government-issued currencies for cryptocurrencies. It provides trading in multiple traditional currencies to cryptocurrency pairs and cryptocurrency to cryptocurrency pairs.

You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Click on the button below and fill the online form with your email address, name, and choose a secure password. If you are an ordinary trader and happy with your own experience talk about it and avoid describing the others posting facts as liars and scammers. As for reviews… Those who post bad reviews also could be trolls. They might just get money for posting ‘something’ ‘somewhere’ to own their living. It is bad to loose money whilst trading, but stealing your hard earned money is more painful, and I don’t wish anyone to suffer that or learn in the hard way. Take my advise and don’t keep your money in an exchange, alternatively you may external wallet which is controlled by you and not an exchange.

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For those traders of you that would like to use their advanced API, then the market making functionality could be an attractive addition. Below is a table of the market maker contracts that are available at HitBTC. It’s important to note that when you trade with this MT4 platform, you are trading CFDs . These are derivative instruments which means that you are not buying the underlying asset but merely trading on the price difference. Before we dig into the finer details of HitBTC, let’s take a quick walk through the signup and registration with at the exchange as well as the steps required to begin your first trades. On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit.

  • This fee is in line with the historic industry average (the historic industry average is arguably around 0.25%).
  • I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about.
  • Competitive commissions, margin trading, and transparent compliance are all reasons for choosing this platform over HitBTC.Read our Cex.io Exchange Review.
  • While some platforms support up to 10 cryptocurrencies, others can support hundreds and even more.
  • I gave a talk at a crypto conference about Bitcoin affiliate programs and told my story with HitBTC as an example of how not to behave.

CFDs work in a similar fashion to futures contracts that you have on platforms such as Bitmex and the like. They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called. You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably code more effective hitbtc review bots with the MetaQuotes software as you have access to all of the indicators and market inputs right out of the box. The MT4 platform provided by HitBTC and Weltrade can be run on a range of different devices. The MT4 software can be run on your desktop, on an iOS device or on a Google Android. To begin trading, you need to first make a deposit into your account.

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Combining each of these individual components, HitBTC features a holistic trading experience that makes you feel right at home. The HitBTC team has also gone against the grain by continuing to support TrollBox for users to chat inside the exchange. Don’t forget to spend some time engaging with the community as you watch the candlesticks ping pong up and down your screen.

HitBTC’s API is robot-friendly; the trader can use the trading bot. This platform is friendly to the users who are involved in creating trading bots. The robot-friendly API of HitBTC uses low latency data for the cryptocurrency market.


To help you decide, we’ve compiled this review of its features, fees, pros and cons. To create an account on HitBTC, simply click the red ‘sign up’ button placed in the upper-right corner of the page. Then, enter an email, password, and any other data that is requested. HitBTC is not known for forcing know-your-customer verifications on its users, but it’ll be necessary if you’re planning to use fiat or exchange large amounts of digital currencies. You can begin trading cryptocurrencies immediately, once you have created an account. Ether, or any other digital currency that is supported by HitBTC.

All traders will be happy to hear that HitBTC is developing a mobile app for iOS and Android devices that you can download on Google Play Store and Apple’s App Store. If you haven’t done that before, you could make trades that would bring you huge losses. To avoid that, it’s important to figure out how the platform works first. As you can see in the picture below, starting from Tier 9, you will be paid 0.01% back of the trade that you make.

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HitBTC is a serious crypto trading platform that offers advanced spot exchange, margin and Futures contracts. Users can speculate on a wide variety of assets, monitor the market, participate in crypto competitors or demo trade. HitBTC is a cryptocurrency trading platform that was founded in 2013 under the parent company HiTech Digital Business Ltd which was incorporated in the British Virgin Islands. HitBTC provides a spot exchange, margin, Futures and OTC desk for its users to speculate on more than 1,000 trading pairs on a reliable, high-performance and safe platform. In the case of upgraded accounts, users with a 30-days volume under 10 BTC are expected to pay a 0.09% maker and taker fee.

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By joining the HitBTC affiliate program, you can generate unique links. Via these links, HitBTC will recognize users as your referred users and calculate your earnings accordingly.

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It’s safe to assume that the platform is therefore unregulated, so anyone considering trading on HitBTC should proceed with caution. If you find any discrepancies or false information about projects, infringement of copyrights or scam ICO/IDO/IEO etc, please write us a feedback. HitBTC was designed to function as a worldwide exchange, but national regulations make it inaccessible in specific countries and territories. Some of the most notable examples of regions where HitBTC is unavailable include the United States, Iran, Syria, Crimea, North korea, Sudan, and more. T&C’s apply to each of the offers above, click “Visit Site” for more details.

There is no way to straightforwardly deposit fiat money to the exchange. Nevertheless, the platform still can be a cryptocurrency gateway as people can buy cryptocurrency with credit/debit card. There are several cryptocurrencies that can be bought via Banxa, Moonpay, or Mercuryo. The list of the crypto coins that can be bought by bank card or Apple Pay include Bitcoin, Ethereum, Tron, USDT20, Bitcoin Cash , Okb, Dai, and Algorand. The user can trade Bitcoin and other cryptocurrencies on the platform.

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If you’re into daily trading this is especially important to you. HitBTC Support CenterAnother issue is that the support team may respond with delays from time to time. No surprise, people get nervous when they search for help and the support team is not answering for several days. When both issues that I’ve mentioned come together, the situation looks even worse. This type of order means that the trade will be executed only for a certain price or a better one. If you place a buy order you name the highest possible price at which you consent to buy an asset so you buy at this price or lower.

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HitBTC is popular for its API, which is extremely stable and will satisfy the needs of algorithmic traders. It provides an easy back office integration, and it is compatible with HFT set-ups, and algorithmic trading systems. Funding your account can take up to fourteen business days, while the withdrawal of funds can take up to twenty business days. This platform is best-known for being a robot-friendly exchange. Thanks to this feature, this exchange is more attractive to trading bot developers. If you completed each of these steps you managed to successfully deposit funds into your HitBTC account. Now, while HitBTC mobile app is available, it’s still in a development stage, meaning that the app is not stable and you might experience certain issues when using it.

Even CoinMarketCap threw up their hands when looking at some of the assets on HitBTC. HitBTC now has one of the largest “Unverified Markets” lists on CoinMarketCap. Copy your API Key and Secret to a secure location.The result looks like the following image.

  • By joining the HitBTC affiliate program, you can invite friends to join trading on HitBTC via your own custom links and get up to 75% reward from their trading fees.
  • HitBTC’s trading view is all-inclusive, and includes most of the relevant data sets that traders rely on to make smart and profitable transactions.
  • It took a while for them to answer, though everything was solved later… My advice is to have enough patience in case the support is too busy answering other questions.
  • As soon as you provide all of this information and confirm your email address, HitBTC sends the Privacy Policy message.
  • They also have options that let them automatically log out of all the sessions at a regular period.
  • They are barely surviving and this can have a major impact on users who are using HitBTC as their crypto exchange.

You can choose from General Questions, Verification Questions, Technical Questions and Payment Questions through this channel. You can also visit this forumpostif you want to read about people that are having problems with their HitBTC account. They only charge 0.1% on every market trade and LP orders have a 0.01% rebate. The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day. Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees.

hitbtc review

HitBTC supports two-factor authentication for user’s accounts to add an extra layer of security. The security section in the “Setting” menu also allows users to check all the logins of their accounts.

Author: Joanna Ossinger

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