Jul 28, · All you need to do to get started is register a Bitcoin account, deposit some funds, and then proceed with your cryptocurrency purchase. If you then plan on keeping hold of your coins . Deposit and Withdrawal Options. There are several options for deposits and withdrawals on HitBTC. Each option comes with a fee structure. Traders can deposit or withdraw funds on HitBTC using the. HitBTC is an old-time bitcoin exchange established in Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins.
Deposit bitcoin hitbtcHitBTC Exchange Review Is it Still the Best Crypto Exchange?
HitBTC is an old-time bitcoin exchange established in Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. All in all, these features make HitBTC one of the top altcoin exchanges in terms of available markets and liquidity. Nevertheless, it also has numerous concerns surrounding it, which we address further in this HitBTC review. Founded in and launched in February , HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading.
It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of HitBTC team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment.
Nevertheless, HitBTC exchange is open about its official location. During its six and counting years of operation, HitBTC had a colorful history with numerous accusations. There are many posts on social media, forums, and review sites pointing out all sorts of issues with the website. One of the more notable rumors surrounding the exchange includes the hack of BTER and Excoin exchanges.
HitBTC also went offline at the same time, but never acknowledged any losses or that it experienced a security breach. In and , many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals.
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. In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance. CryptoCompare even grants HitBTC the highest score in the data reporting section, indicating that the exchange's liquidity must be real competing unregulated exchanges that fake most of their trading volume.
The exchange is often accused of lack of transparency and shadowy businesses practices; however, there is no tangible evidence for these claims.
It also values users' data and privacy and is entirely GDPR compliant , as you can delete your data from the exchange at any time. HitBTC runs a global operation. However, its terms and conditions specify that citizens and residents, as well as companies from the following countries, cannot use its services:.
HitBTC has several different verification tiers. Unverified accounts start as Starter, and verified ones receive upgraded account status. In order to get verified, you will have to submit the following documents:. Although HitBTC verification is not forced, upgraded accounts enjoy numerous benefits like the ability to regain access to the account in case of losing password or two-factor authenticator and lower trading fees.
The service is accessible via bequant. Trading cryptocurrencies on HitBTC comes with a simple fee structure. It does not charge fees for cryptocurrency deposits, but incur a cost for placing orders and withdrawing funds from the platform. HitBTC trading fees are among the lowest in the industry. Unverified users pay 0. Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges. As you can see, there is a significant difference in HitBTC trading fees for verified and unverified accounts.
When it comes to cryptocurrency deposits and withdrawals, there are no fees for making deposits with HitBTC. However, there are flat fees for withdrawals, and these can be particularly high for some of the newer cryptocurrencies listed on the site. As an example, the following is a list of the one-off fees charged for withdrawing some of the more popular currencies:.
In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges. To sum it up: HitBTC offers some of the lowest cryptocurrency trading fees amongst all crypto-to-crypto exchanges. At the same time, its cryptocurrency withdrawal fees can be unreasonably high for certain coins, making HitBTC fees a sort of mixed bag.
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Get Widget. Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services. FX Empire Editorial Board. Supported Countries HitBTC has a wide global reach and can be accessed by traders from many countries. Withdrawal fees are similar except the SEPA surcharge is a flat rate of 0.
Orders executed immediately will incur a 0. Advanced encryption technology. Cold wallet for storage of crypto funds. The platform boasts of very high liquidity, which reduces cost and provides instant matching and execution of orders. Advanced order matching engine which ensures guaranteed execution. No upper or lower limits for digital asset deposits or withdrawals.
Low fees as a consequence of high liquidity. Traders can trade more than assets on the HitBTC platform. A very high level of security is maintained using advanced encryption and multi-step authentication. US Clients are not accepted on the exchange. A brief description of each type is available upon hovering your cursor over the question mark.
Select the desired market and currency. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. The exchange has developed over the years to provide high volume trades on a secure platform. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are also the lowest. As a result, HitBTC always has many supporters who are happy with its services for which it is highly recommended.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Pros Massive range of cryptocurrencies Simple to use despite the busy interface Low fees as a consequence of high liquidity. Traders can trade more than assets on the platform. Cons US Clients are not accepted on the exchange.
Some clients have also complained of hidden fees There have been numerous complaints about site crashes. It is an Unregulated exchange Support is usually slow and unresponsive. HitBtc - 8. Show More.