Aug 01, · Now it’s time to tell you how you do the deposit and trade on HitBTC. The exchange forces no limits over the deposit and withdrawal amounts. Traders are provided with numerous graphs to Author: Richard Godard. No limits on deposit or withdrawals In order to qualify as a PRO, you need to either have a minimum balance of BTC or generate over BTC turnover per month. Dec 20, · HitBTC Fees and Limits When it comes to cryptocurrency deposits and withdrawals, there are no HitBTC fees for making deposits. However, there are flat fees for withdrawals, and these are particularly high for some of the newer cryptocurrencies listed on the site. HitBTC charges a withdrawal fee amounting to BTC when you withdraw BTC.
Hitbtc deposit limitsHitBTC Exchange Review Is it Still the Best Crypto Exchange?
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.
While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto. HitBTC does security well. For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety. And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs. At the same time, they can also choose to automatically log out of all sessions at a selected, regular interval.
In addition to these options, HitBTC users can protect their account with the following security measures:. Until you do so, some features of the exchange will be locked, which is good for your security. Yet despite its appeal as a secure technology, HitBTC remains an unregulated exchange at the forefront of the crypto wild west, which raises questions and adds risks to its reliability.
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. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy.
However, it scores only 9. Overall, HitBTC is a secure exchange in terms of technology it uses to protect your funds. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. On the contrary, it has a proven track record, operating in the industry for more than six years already.
For the inexperienced cryptocurrency buyer or trader, navigating the HitBTC website is, at first, a dizzying experience.
Much of this initial complexity comes from how HitBTC is focused more on the experienced trader than on people new to cryptocurrency. As such, more experienced retail traders and professionals should not have issues with the exchange's interface. The entire trading interface is completely customizable so that you can organize these windows in the most convenient order. When it comes to trading, the exchange supports the following standard order types:. That said, the actual mechanics of how the site works and how a user trades are surprisingly straightforward.
Users complete trades by depositing a chosen cryptocurrency into the HitBTC wallet, moves funds between main and trading accounts, and uses the deposited cryptocurrency to buy other currencies until he or she wants to withdraw their funds to an external wallet.
As such, trading on HitBTC may not be too difficult even for complete beginners. Verified users can create sub-accounts that will help you to create different profiles for different trading strategies. Moreover, HitBTC organizes various trading contests, so you can measure your skills against other traders and climb up the ranks in its leaderboard. Hopefully, the full version of the app becomes released soon. For the beginners, HitBTC exchange offers an opportunity to try and trade cryptocurrencies on its demo platform first.
You can register and access the demo platform by clicking the demo option at the bottom of the screen or by simply typing demo. Step 3: Make sure the currency you want to withdraw has been moved to your Main Account from your Trading Account. Step 4: There are 4 types of orders available: market, limit, stop, stop limit. 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. It leads to a significant amount of transactions waiting in the mempool, longer processing time and unprecedented fees. This measure is introduced in order to provide greater stability on our exchange.
It would help facilitate processing of incoming transactions and maintain the liquidity and security of Bitcoin, Ethereum, Tether and all tokens on HitBTC at a level we deem worthy of our traders. The deposit fees will be deducted from the amount of the incoming transaction.