HitBTC Review: Fees, Safety & Much More

Remember, in order to deposit fiat currency, you must get verified. Setting up an account is a breeze and verification isn’t necessary for small amounts. However, if you wish to increase your limits and access fiat currency, you need to take https://www.tokenexus.com/hitbtc-review/ things a step further. HitBTC is extremely popular among traders for its low commission and favorable rebate offering. Basically, if you make an order that increases the liquidity on the site, you get a rebate of .1% on that transaction.

• 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.
• Compared to most other exchanges, the price chart interface is quite similar.
• We have compiled a list of supported coins now available on HitBTC, which you’ll find below.
• Another unique feature of HitBTC’s platform is the ‘Trollbox’, a live comments section where traders can engage in discussions and speculate prices.
• They will have to enter their email addresses and then choose a strong password.
• It’s important to note that HitBTC is an unregulated exchange, although it does comply with KYC (know you customers) and AML (anti-money laundering) regulations.

I have had the same issue with other exchanges because of lost smartphone. Only with ID and selfie i can login back into my account. I was reluctant to sign up with any company offering binary options trading after my initial

Experiences went terrible, but after some research I found h̲e̲l̲p̲@̲b̲a̲y̲c̲o̲r̲d̲.

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The key reason for this is that we cannot ensure your funds are in safe hands. Firstly, the platform is not in any way regulated, which is a major concern considering they’ve been around since 2013. Furthermore, there is a huge number of negative reviews about HitBTC, many of which centre on hacked accounts. Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated. The likes of Coinbase hold licenses with both the FCA (UK) and CySEC (Cyprus). In the ‘Amount’ box, enter the amount of cryptocurrency that you want to buy.

At the same time, they can also choose to automatically log out of all sessions at a selected, regular interval. €œSometimes, when our security measures are triggered, withdrawals can be frozen momentarily. This happens for safety reasons only – it is standard procedure, and we do it simply because the security of our customers is our top priority,” HitBTC spokesperson told Cryptonews.com.

HitBTC Trading Platform

With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. 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 (KYC) checks when withdrawing funds, so a good practice would be verifying your account before starting to trade on HitBTC.

As a result, the platform now has over $300m in trading volume. Another high profile cryptocurrency user who has taken issue with HitBTC is John McAfee. However, his criticisms were more to do with the large minimum buy in which could restrict the ability for poor investors to place funds on the exchange and buy coins. HitBTC has Over The Counter trading services for high-volume traders. OTC traders happen due to the result of the partnership with TrustedVolumes.

Cant give negative stars so I give it…

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. On this page, users can view key metrics for the system’s performance and availability, including live statistics of incoming/outgoing transactions. They also have an advanced tracking and link creation system where you can create different links and monitor their relative performance in your affiliate dashboard. There is a minimum requirement for a withdrawal of your affiliate commissions and that is 0.1BTC.