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HitBTC Review

However, once again, this is best suited for those with an advanced knowledge of trading. In this situation, it’s best to go with your gut feeling and remember the golden rule – never trade more money than you can afford to lose. Trades might also be happy to start using the HitBTC mobile app for iOS and Android devices. The app is available on Google Play Store and Apple’s App Store. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. Nevertheless, HitBTC exchange is open about its official location.

  • The exchange provides a demo account for new users to get used to the platform.
  • The MT4 platform provided by HitBTC and Weltrade can be run on a range of different devices.
  • However, you can buy Bitcoin using your Visa or Mastercard on another exchange called Changelly, which has partnered with HitBTC to offer this service.
  • I’ve made good profits with it.If I had read the reviews here, I wouldn’t have joined them.

Following account creation, you must log in to your HitBTC account and make a deposit. While using a bank transfer to deposit funds, users are required to go through a lengthy https://www.tokenexus.com/what-is-a-stablecoin-and-how-does-it-work/ verification process. If you deposit cryptocurrencies, you don’t need to prove your identity, and the funds will be available in your account in less than 20 minutes.

Security: Is HitBTC Safe?

They are liars, theives and groups are already forming to pursue and arrest their “CEO” across the globe.They’ve been “day trading” users’ funds for years, and they’re just horrible at it. If you’re an EU resident and deposited without KYC, they can’t then make you supply it in order to withdraw. If they hold your funds, that’s fraud, go to your country’s EDPB representative and file a criminal data protection violation!

HitBTC Review

You do everything they want, send in your drivers license, selfie holding some piece of paper, cell phone number, blood sample, proof of residency, all of it. Then shortly after you do all that, they want more and more, then they want some Skype teleconference call, its just nonsense. Even if you go through ALL the hoops, they just steal your funds. They never release anything and just sell off your funds and tell it for themselves.TOTAL SCAM OPERATION AND WILL BE SHUT DOWN.

They stole our doge

In order to use the full features of the exchange you need to verify your account. There is a limit to buying, selling, and withdrawing if you are not having a verified account. However, if your account is verified you will get full access to all the features in the exchange and will have unlimited withdrawals, buying, and selling. HitBTC has a good reputation as a place for professional traders, but negative reviews abound. Users have complained about everything from support to withdrawal times to lack of location transparency (are they in London or Hong Kong?!).

HitBTC Review

HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. What sets HitBTC aside from many of the other exchanges is that they offer a pretty generous 75% of the trading fees that your referral generates on the platform. The most that we have seen on other exchanges is about 50%. Certain digital assets require more information be inputted when depositing or withdrawing. For example, Monero requires a payment ID when withdrawing, whereas Bitcoin and Ethereum only require the recipient’s wallet address. They are certainly one of the most established, operating since 2013 with over $6m in venture funding and a $300m trading volume.

Timeframe

The representative Office address provided by the Exchange for contact is Av Vitacura 2969, Las Condes, Region Metropolitana, The Republic of Chile. On the top right-hand side of their home will HitBTC Review be the “Sign up” button. Every negative about HitBTC is in regards to support and long wait times. HitBTC is one of the largest and most comprehensive platforms by BTC volume on the market.

This is a standard practice that exists on other exchanges as well. Hidden busd 5.5 dollar withdrawl fee (normal fee is max 1 on other exchanges) for 10 busd deposit. They have hidden monthly inactivity charges and you need to check whether certain tokens are even online or you’ll deposit just to pay an inflated withdrawl fee. I to thought I was smarter then the negative reviews, trust me it’s a cash grab. Users are able to enhance their exposure to the crypto market by placing margin-backed trades, which entail trading via borrowed funds. Through this strategy, traders can increase the value of their deposit through the means of collateral, thereby accessing a higher profitability potential.

HitBTC vs. Bittrex Comparison – Is HitBTC the Best Bitcoin Exchange?

If, however, you choose a 9,950 USDT limit buy order, you would be the maker. HitBTC has a rating of 3.56 stars from 71 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with HitBTC most frequently mention long time.

  • There’s a fast engine, low commission fees, 150 instruments, and a highly detailed interface for pro traders.
  • Fees are dynamic, and adjust with automatically with the market.
  • Please contact the support team of the service used to make the transaction.
  • However, if you’re a newer user, you might think this is a bit strange.

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