HitBTC Is It Reliable? The New Crypto Exchange Review 2023

HitBTC Review

The exchange team typically responds within 24 hours, but, in my experience, the resolution of some issues may take several weeks. 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. Once you sign up, you’ll see that HitBTC forces you to active 2FA measures on your account. Until you do so, some features of the exchange will be locked, which is good for your security.

  • When we performed a like-for-like comparison with Coinbase, we felt the platform was a much better option if you’re looking to buy and sell crypto.
  • Wouldn’t crypto exchanges want to keep their service quality high in order to get more business?
  • Click on the blue ‘Copy’ button to copy the wallet address to your clipboard.
  • HitBTC was established in 2013, in Hong Kong, as Hit Solution Limited.
  • Our procedure is thorough, but this is how we can be sure that we’re communicating with the actual owner of the account and that there is no problem with the source of funds being traded.
  • Word of warning, there have been a large number of user reports that HitBTC is accepting withdrawal requests then freezing them.

The interface, longer wait times, and range of instruments may be negatives for newcomers. Still, any exchange with the most cutting-edge technology is going to attract traders. If you choose to proceed anyway, you’ll be taken to the withdrawal window and asked to enter in the amount you wish to withdraw and your destination address. HitBTC requires you to use an authenticator app rather than a phone number. This is a much more secure method given recent reports of sim jacking. Use your chosen authenticator app to take a picture of the QR code on your screen.

HitBTC API

Also, the poster’s integrity was heavily questioned based on his claim and post history. HitBTC’s Basic Account allows for anonymous trading of cryptocurrencies, albeit at modest levels. In this review, I’ll cover everything you need to know about this London-based exchange. Tell us about your experience with HitBTC and share your comment below this review. I can’t waste much time here anymore, have decided to do everything I want to do now with Ėåśÿbėę,they have a good management team, and arguably one of the best now. I requested for my refunding back three weeks ago (successfully) through the name on my profile photo and the account is still open but hell no I will put my money on it again….

HitBTC Review

Under the security tab, you can choose to ‘terminate all sessions’ if you believe there is someone else accessing your account. The site will automatically log out all your active sessions, except for the one you use to perform this action. Although the HitBTC support team operates 24 hours per day, the only contact channel available is the online support form. Therefore, if you prefer the likes of live chat or telephone support, you’re out of luck. Next, you will need to enter your email address, and then choose a very strong password. To qualify for HitBTC’s OTC service, you must exchange over USD 100,000 per trade.

Recent HitBTC User Reviews

If you want to withdraw a larger amount of crypto, this is certainly a positive. However, for smaller amounts, this could be considered a negative. When compared to other popular exchanges like Binance and Bittrex, HitBTC fees for withdrawals are lower for some cryptocurrencies and higher for others. Compared to most cryptocurrency exchanges, trading fees on HitBTC are competitive. On the contrary, makers actually receive a 0.01% rebate for each trade.

HitBTC Review

This is a standard practice that exists in other exchanges as well. On paper, the withdrawal process should be as easy the deposit process. Start by selecting the Deposit icon from the top right corner of your screen. You’ll need to have an external wallet setup for each cryptocurrency you wish to withdraw. If you’re planning on holding them for a while, it’s a good idea to invest in an offline hardware wallet.

How to Trade on HitBTC

We totally understand how frustrating it must be to not be able to withdraw your DOGE for such a long period of time. Sometimes technical maintenance requires additional effort and time. I am sorry to admit that in this case we need a HitBTC Review while longer to complete the work on DOGE wallet. I’d also like to pay your attention to the fact, that while withdrawals are closed during the maintenance, trading functionality for your account was and is available at that moment.

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. This will take you to its fiat purchase processor to allow https://www.tokenexus.com/ you to buy Bitcoin using your money. HitBTC allows a range of advanced limit based trading techniques. This lets traders put a significant date and value limits on their transactions in pursuit of advanced strategies.

Hitbtc Review All You Need To Know In 2023

The likes of Coinbase hold licenses with both the FCA (UK) and CySEC (Cyprus). As we noted earlier, HitBTC is popular with traders because of the number of coins it supports on its platform. HitBTC is also a common choice for newly created tokens that are looking to list on an exchange post-ICO. We have compiled a list of supported coins now available on HitBTC, which you’ll find below. One of the main concerns regarding HitBTC is accountability.

HitBTC Review

Αφήστε μια απάντηση

Η ηλ. διεύθυνση σας δεν δημοσιεύεται. Τα υποχρεωτικά πεδία σημειώνονται με *