This will open up the main listing of cryptocurrencies and allow you to select the coin you are interested in. If you don’t already own cryptocurrency you can purchase Bitcoin through HitBTC’s partnership with Changelly. Follow the steps above to get to the main deposit window, then click on the Buy Bitcoin with Credit Card button located just above the list of cryptocurrencies.

HitBTC was founded in 2013 and went into public operation the next year. For the next couple of years, things went smoothly for the most part. Although HitBTC meets and enforces regulations related to anti-money laundering for those depositing with real world funds, the platform is not regulated by any HitBTC Review licensing bodies. This is a major concern, as you are essentially trusting your money with a cryptocurrency exchange that is unregulated. Once your deposited funds show up in your HitBTC account, you can then make your first trade. At the top left hand side of page, click on the ‘Exchange’ button.

My Personal experience with HitBTC

If you want access to fiat and higher limits, verification is necessary. It isn’t easy, but it is well worth it for professional traders. First, navigate to the verification requirements so they are in full view. HitBTC is extremely popular among traders for its low commission and favorable rebate offering.

• HitBTC has an abbreviated Bitcoin (BTC) name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform.
• This exchange is good for traders looking for a wider range of digital assets and lower trading fees.
• On HitBTC, "Takers" are charged with a 0.1% fee from the trade.
• When it comes to trading fees, compared to HitBTC, Bybit offers comparably lower fees.
• A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
• I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins.

Since cryptocurrency popularity is growing you can find such a variety of platforms that allow you to buy, sell and trade cryptocurrencies. While having more options is a good thing, you might also encounter some issues when choosing a cryptocurrency trading platform for your needs. HitBTC consistency ranks as one of the top cryptocurrency exchanges on the market in terms of trading volume. Even though liquidity is an important factor, it isn’t the only thing you should consider before using an exchange. In our HitBTC review, we examine all the details you need to know about this exchange. Other than this, users can deposit and withdraw to HitBTC using most of the supported cryptocurrencies.

ONLY $10 TO START

It is a great place to trade high-volumes of currencies at reasonable rates. However, it isn’t without its drawbacks, and its reputation around the web is in doubt to say the least. We write product reviews and comparison articles in the field of cryptocurrency. Transactions through Debit and Credit card is not available in HitBTC, so no fees for that. However, for users who complete their transactions using European Bank Transfer (SEPA), the price is 0.90 EUR. Finally, for the International bank wire (SWIFT), users have to pay $9 as the fee.

Even if you go through ALL the hoops, they just steal your funds. They never release anything and just sell off your funds and tell it for themselves.TOTAL SCAM OPERATION AND WILL BE SHUT DOWN. According to the exchange, the OTC service is opened for users looking to trade above $100,000 worth of cryptocurrency. Through the OTC layer of insulation provided https://www.tokenexus.com/ by HitBTC, price fluctuations will have little to no impact on prices. Those who are interested in the service, must apply via the exchange’s partner website, TrustedVolumes. Cryptocurrency is a highly volatile market sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose.

HitBTC Review: The Ultimate Guide to Trading, Security, and Fees

Some interesting user comments can be found in the bottom of this post and in the comments of this review by Blockonomi. OTC Trading – HitBTC offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K). HitBTC's weekly trading volume is 0 KRW, with a total of 0 users.

• HitBTC has around six million venture capital investments in Hong Kong, but it focuses more on the European crypto markets.
• In any event, you should never leave a large amount of coins on an exchange irrespective of its reputation.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• The fee will vary depending on a number of factors such as the currency, current market conditions, and the amount you’re withdrawing.
• For a cryptocurrency exchange, online reputation is very important.
• HitBTC was founded in 2013 and went into public operation the next year.

In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. HitBTC was established in 2013, in Hong Kong, as Hit Solution Limited. HitBTC serves most European and Estonian markets, but it’s also easily accessible to users across the globe, with several exclusions. I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins. To trade on this exchange without experiencing any hassles, you might want to complete KYC, even though it doesn’t force you to.

Step 1: Hitbtc Signup Process

Fees can vary from 0.25% (standard taker fee) to -0.01% for extremely large orders . I gave a talk at a crypto conference about Bitcoin affiliate programs and told my story with HitBTC as an example of how not to behave. We talked and he promised that the issue would be taken care of. The fees shown in the table above are HitBTC transaction fees charged to a regular user. Fill in the required fields, like destination address, etc., and then confirm your withdrawal by checking the email that will be sent prior to your withdrawal.

HitBTC did experience a hack in 2015, but have been mostly secure ever since. Whether HitBTC will be able to turn around has yet to be seen, but we recommend that everyone go to other exchange, like Binance, which can be trusted with their money. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

How to Register on HitBTC?

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. Besides basic verification, professional traders might want to upgrade their account to PRO status using HitBTC’s UK-based partner Bequant Technologies. The service is accessible via bequant.io and is dedicated to Institutional and Professional traders only.

• Therefore, it should act as a significant red flag, as it would be difficult to locate them if, for any reason, something happens to the funds.
• A drop down tab will open up with a receiving wallet address.
• Now that you have created your HitBTC account, you will now need to deposit some funds.
• The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset.
• You’ll find all the needed information on how to do that below.
• In most cases, it’s recommended to watch some tutorials or simply start trading small amounts that you wouldn’t be afraid of losing.