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We talked and he promised that the issue would be taken care of. Hitbtc is most secure exchange till now as of my experience. For some cryptocurrencies, you will also need to copy and paste your payment ID that’s also called “Destination Tag”. Trading is not as easy as it might seem in the first place.
- Once you’re on the trading screen for the coin you want to buy, scroll down below the main chart.
- We also ensure all reviews are published without moderation.
- HitBTC does not hide the fact that in some cases, customers are required to provide their personal information.
- Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column.
- Well, it’s not as simple as that, and there are more than a couple of reasons why an exchange like HitBTC might start to suck.
Being aware of all the pros and cons you’ve probably already decided if this crypto exchange is suitable for you. Now, if you want to start using HitBTC right away, you should know how to register and deposit your funds. You’ll find all the needed information on how to do that below. Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity. The information that you will have to provide includes your personal information, residential address, proof of identity, selfie and phone number. Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees.
BANNED FROM CHINESE EXCHANGES? DON’T USE HITBTC. Withdrawals blocked for weeks now.
Click on the blue ‘Copy’ button to copy the wallet address to your clipboard. Then head over to your private wallet, paste the HitBTC wallet address in, and transfer the funds. One of the main concerns regarding HitBTC is accountability.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You cannot work with USD, EUR, or any other real-world currency. This makes it not beginner-friendly and extremely restrictive. If you’ve already got crypto, consider Bittrex over HitBTC. If you want better customer support, more anonymity, or beginner-friendliness, there are plenty of alternatives to HitBTC around the web. Once you’re in demo mode, you can make adjustments, check out the graphs, and make trades without having to sweat the outcome.
HitBTC Review Read This Before Trading Crypto on HitBTC
It’s important to note that when you trade with this MT4 platform, you are trading CFDs (Contracts For Difference). These are derivative instruments which means that you are not buying the underlying asset but merely trading on the price difference. Another unique feature of HitBTC’s platform is the ‘Trollbox’, a live comments section where traders can engage in discussions and speculate prices. Making deposits on HitBTC is quite simple, the site integrates Changelly, which allows you to purchase Bitcoin directly with your credit card.
Their core-matching engine includes superior order matching algorithms and real-time clearing. Don’t trust this exchange ton of user been scam by them
I am one of the victim transfer tokens to exchange but never hit my account
At etherscan show, the transaction is a success. All i wanted was to make an exchange on their platform but ended up with held funds for months and agents who kept lying to me even after i let them know i had a sick child that needed it. I had to consult with fortechester to aid in wresting back my assets. Only way i escaped the sad loop this platform brought upon me. I haven’t used this exchange for a long time, and I am very glad that it hasn’t only not become worse, but has improved in some aspects.
What are HitBTC alternatives?
As you’ll see from the above list, those based in the U.S. are not able to use HitBTC. As such, if you are a U.S. resident, or a U.S. citizen living overseas, then you’ll need to use a different exchange. The likes of Coinbase are much more inclusive of American traders, and they even allow you to fund your account with a debit/credit card or e-wallet. I’m sorry to hear that your experience left you with such an impression.
- Also, on the HitBTC exchange, there are such coins that are not on other top sites.
- Select a currency from the chart’s list, and the page will instantly refresh and display information about the chosen trading pair.
- One of the main selling points to HitBTC is that the platform offers some of the cheapest fees in the cryptocurrency exchange arena.
- However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some.
- The information that you will have to provide includes your personal information, residential address, proof of identity, selfie and phone number.
- I recently decided to log into my hitbtc account to check up my crypto, and I found that someone made 4 unauthorized withdrawals (not much) but still concerns me.
- At the top left hand side of page, click on the ‘Exchange’ button.
This suggests that many users around the world trust HitBTC. In accordance with all the reviews and information checked, we can say that HitBTC is legit and definitely not a scam platform. Speaking of differences, we should note that Huobi collects https://www.tokenexus.com/market-depth-chart-determine-liquidity/ higher trading fees (starting at 0.2% both for takers and makers). Huobi provides twice as few trading pairs as HitBTC, however, the latter has a smaller trading volume. Nevertheless, HitBTC’s liquidity is nearly matching the one of Huobi Global.
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When the deposited funds are added to the account, you’re all set to start trading. You’ll be directed to the trading area after clicking the exchange button. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. The HitBTC core matching engine (the mechanism that executes transactions) is lightning fast, extremely liquid, and supports a slew of cryptocurrencies with a highly advanced dashboard. Due the number of supported coins that HitBTC lists on its platform, the exchange is also useful if you are looking to engage in day trading.
Nevertheless, if you’re thinking about opening an account with HitBTC, be sure to read our comprehensive review first. We’ve covered everything from fees, regulation, supported coins and countries, user-friendliness, and more. In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integration on its site. Using it, you can buy cryptocurrency HitBTC Review instantly with your bank card (VISA or Mastercard) and send it directly to your HitBTC wallet to start trading immediately. 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.