Nov 17, · We kindly ask you to be cautious when using advanced trading tools such as the Scaled orders. It is not always possible to predict how they will be executed, as market conditions may undergo dramatic changes in a short span of time. According to CryptoCompare’s exchange benchmark report, HitBTC is a B grade exchange that leads the market in data provision. However, it scores only /20 in terms of security, which means it is an above-average exchange in this domain. Aug 01, · Now let’s name the most significant numbers that will help us to realize the scale of this exchange. HitBTC works 24/7 and The withdrawal limit doesn’t exist on HitBTC. HitBTC Market.
Hitbtc market limit scaledHitBTC Review () - Is It Trustworthy?
If you would like more information on how the Market Making contracts work you can consult the HitBTC market making page. Below are a collection of all of the Metrics that are important for the HitBTC system health which is in alpha mode. This gives HitBTC a competitive edge over exchanges that keep their users in the dark about real time performance issues.
While it seems that HitBTC has all the features that make it look impressive from the outside, there were a number of things that we were less than impressed with. Firstly, we have to take issue take issue with their customer support. You do not have to go far to find numerous complaints online about their slow response to customers. This is probably compounded by other accusations that they traders have been unable to withdraw coins or having funds missing when making transfers.
This slow customer support is also not ideal when it comes to verifying your KYC documents. Given that they request so many documents, not only do you have to spend the time properly scanning everything but you may have to wait a number of days before the HitBTC team can properly verify them. There have also been reported inconsistencies between the fees that some users are paying for transfers.
Some users claim they have been charged high fees whereas others have had no issues. Lastly, you can only buy and sell coins that are divisible by , 1, or 10, This is not ideal especially for those smaller traders who want to trade the more expensive coins.
Although on the face of it, HitBTC seems to be a reasonable exchange, there have been a number of criticisms that have been levelled at them in recent months from high profile cryptocurrency users.
Update on my mom's saga with hitbtc. This is their response. Her acc. However, it seems that in a follow up to the tweet HitBTC unfroze the account and allowed his mother to continue trading. 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. Whether these comments and criticisms are warranted is hard to determine. However, our HitBTC review would not be complete if we did not cover these points.
In any event, you should never leave a large amount of coins on an exchange irrespective of its reputation. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. Only then could we see HitBTC strengthening its position amongst other major exchanges in the space. Toju Ometoruwa is a Northeastern University alumni who is the co-founder of Pazima, a start-up that provides secure lending options for low-income workers.
His passion is to empower communities across the African diaspora through the blockchain. HitBTC is a relatively new exchange that claims to be the most advanced in the crypto space. One of the most important a trader would have is if HitBTC be trusted? HitBTC Promos. HitBTC Ratings 7. Asset Coverage. Customer Support. Posted by Toju Ometoruwa Toju Ometoruwa is a Northeastern University alumni who is the co-founder of Pazima, a start-up that provides secure lending options for low-income workers.
All Posts. To maintain the security of our platform, we deploy comprehensive audited cryptography schemes with strict operational procedures as well as user-specified white lists and limits. Our values are based on three tenets: reliability, security, and performance. With our deep understanding of technology, economics, and finance, and by applying knowledge and innovation, we have created one of the most sophisticated and technologically advanced trading platforms in the industry.
Since its introduction, our comprehensive custody architecture has been an industry standard-bearer in security. We use two different types of custody: top-tier security for the top 10 currencies on the market, including all ETH tokens, and regular security for all other digital assets.
Top-tier security custody is based on HDKey technology and multilevel in-house cryptography. There is a strict policy of not running third-party software, including third-party blockchain solutions. We ensure that our traders get the best pricing on the market. We are able to do this by providing incentives for market makers and using the best and latest technology ultra-low latency matching in LD4, London; smooth API, and an advanced reporting system.
Exchange Markets Register Sign in. Dear traders! Setting up Scaled orders To take the most from our innovation, follow us as we explain the possibilities opening up with the Scaled orders tool. Price min and Price max are the fields for determining the price range for your orders. Set the lowest and the highest bid or ask so we can distribute your orders accordingly.
Customize your orders Extra parameters and the list of orders to be created are available in the extra settings menu that you can access by clicking the sign in the upper right part of the widget. The options include: Flat — the equal amount of tokens is distributed on the orders within the set price range. Upscale — the higher the price, the larger amount of tokens will be attributed to the order.
Downscale — the higher the price, the lower amount will be allocated to the order. Bottom line We kindly ask you to be cautious when using advanced trading tools such as the Scaled orders. Previous Article Change log — first half of November.