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Hitbtc metatraderHitBTC Review Scam Exchange? | You Need to Know This
Step 1: Navigate to the official website. Step 2: In order to sign up, you should provide an email address and pick up a strong password.
Step 3: The next step is to indicate the country of your residence, full name, and phone number. Then enter your personal information and user id after which you can reset your password. Step 3: Make sure the currency you want to deposit has been moved to your Main Account from your Trading Account.
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Your email address will not be published.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. HitBtc - 8. Show More. You cannot withdraw or deposit ICO coins before the company issues the real tokens.
In any case, users should be careful of this offering because an IOU made between a company that launched an ICO, and its token buyers is enforced by a smart contract , whereas a similar agreement made between the token buyer in this case, HitBTC and buyers on the exchange wanting the IOU is not.
For issues that require users to email the support team, there have been complaints online about very slow response time taking weeks and even months before an issue is resolved.
Most common problems people have complained about are withdrawal delays and inexplicable loss of funds. This was slightly disconcerting for us as customer support is often one of the biggest sticking points as slow customer often really hampers client satisfaction.
While verification is not mandatory on HitBTC, unverified accounts do have certain withdrawal limits in a day. Hence, if you wanted to withdraw more than the limit that they have on the exchange then you will have to verify your account. To verify, users have to email compliance hitbtc. As more exchanges come under the scrutiny of regulators, verified accounts are slowly becoming mandatory.
So it would perhaps be best to get verified now before they require mandatory verification. Of course, this depends on how secure you feel about providing HitBTC with your personal documents. HitBTC claims that they keep all client material confidential and they have not suffered a hack as of yet.
Signing up on HitBTC is a very simple and seamless process. First, you enter an email and password on the Sign-up page. HitBTC will then send you a confirmation email.
Making deposits on HitBTC is quite simple, the site integrates Changelly , which allows you to purchase Bitcoin directly with your credit card. HitBTC also allows you to deposit or withdraw on any of the available coins by clicking the icons displayed in the deposit and withdraw columns. To withdraw funds, simply click on the icon in the withdraw row of any Coin you wish to withdraw.
Certain digital assets require more information be inputted when depositing or withdrawing. The graph on the left hand side displays the price changes over a period of days, weeks and months. Here you can choose which type of order you want to make. Settings for market, limit, scaled and stop orders are all included:. A stop-limit order lets you make a limit order for a specific price.
When it reaches this stop price, your stop-limit order turns into a limit order. For those cryptocurrency traders who used to trade Forex and stocks, they may have come across the MetaTrader4 software suite.
This is some of the most advanced trading technology in the retail trader space. It is being used by over , clients in 18 countries. You would have to sign up and create a new account with Weltrade in order to start trading with the MT4 software. The benefit of the MT4 platform over the web based one is that you can trade on leverage.
In this case, you can trade on leverage from up to with larger volumes. You can also open short positions which is not something you can do on the normal HitBTC platform when buying the physical coins. For those who have used the MT4 software will know just how advanced it is.
There is a plethora of charting functionality, analysis tools as technical indicators. The MT4 platform is no doubt one for professional traders who do a great deal of technical analysis. You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably code more effective bots with the MetaQuotes software as you have access to all of the indicators and market inputs right out of the box.
These are derivative instruments which means that you are not buying the underlying asset but merely trading on the price difference. CFDs work in a similar fashion to futures contracts that you have on platforms such as Bitmex and the like. They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called. OTC trading allows users to perform high-volume trades without going through the public order books.
It means that you make your deal directly with the counterparty without affecting the market price of the coin or token. Something that many exchanges offer is an affiliate program where you can refer other traders and earn a commission off of their trading. Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals.
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. For example, the API has low latency which means that your trading orders are executed much faster than other exchange APIs.
There is also a pretty high limit for API requests. As mentioned, as an exchange, HitBTC will get benefits if their traders are able to provide some liquidity to their order books in the form of a market maker.
If you are one of these traders that would like to participate in the market making on the HitBTC platform then there are a number of Market Making contracts that you can enter into with them. These contracts have cash incentives as well as rebate bonuses. For those traders of you that would like to use their advanced API, then the market making functionality could be an attractive addition.