If you’re an EU resident and deposited without KYC, they can’t then make you supply it in order to withdraw. If they hold your funds, that’s fraud, go to your country’s EDPB representative and file a criminal data protection violation! The more people that do it, the more likely they’ll actually close down this exchange. 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. I check out to get my coins and I found nothing and I called costumer support and they said we charged 30 USD per month for inactivity fees! I lost my 1500 USD equivalent in this exchange .Charging 30 USD per months without costumer notice!!

HitBTC vs. Bittrex Comparison – Is HitBTC the Best Bitcoin Exchange?

Customers looking to purchase or sell high amounts of cryptocurrency, may prefer going through HitBTC’s OTC trading interface. Through this service, users can unlock easy and fast access to deep pools of crypto liquidity, thus enabling transactions that are kept off the public order books. In other words, OTC purchases and sales do not have a considerable impact on crypto prices, allowing high-volume buyers and sellers to get the best deal possible.

• 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.
• HitBTC stands out as a reputable exchange within the cryptocurrency industry, offering a rich selection of assets and trading pairs, with a fee structure that rewards active traders.
• Totals and fees are estimates since this price varies in real-time.
• OTC trading provides an environment for stable prices independent from the trends.
• Throughout its history, HitBTC has been known for providing a multi-currency exchange platform with a focus on advanced traders.
• HitBTC has some of the most in-depth and trader-friendly features on the market.
• This partnership allows users to manage their HitBTC orders directly on the TradingView platform by linking their private API keys.

Low Trading Fees

They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called. You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably HitBTC Review 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. The MT4 platform provided by HitBTC and Weltrade can be run on a range of different devices.

How to Register on HitBTC?

Therefore, it depends on you and your risk tolerance level – Whether to trade on it with completing the KYC and regulating extra securities or not? Just remember the golden rule – never trade more money than you can afford to lose, and go with your gut feelings. Once a user reacher at tier 8 with 50,000 BTC per month or more, this platform pays a rebate of -0.01% per trade to the users.

• Its vast instruments, extremely low fees (.1%!), in-depth interface, and anonymous trading make it an attractive exchange for seasoned traders.
• The exchange also adheres to strict regulatory guidelines, which underpin its commitment to providing a secure trading space for its users.
• This protection measure can be turned on via the Google Authenticator app or a similar authentication application.
• Don’t invest unless prepared to lose all the money you invest.
• Today we will review HitBTC, a cryptocurrency exchange that offers high liquidity and access to the largest cryptocurrency collection in the industry.
• HitBTC uses cold storage to secure the majority of its funds, and relies on advanced encryption technology to prevent important information from being hacked.
• They’ve all faced the same problems.I would seriously recommend filing a report to the FBI IC3 team and the European Cybercrime Centre – EC3 – Europol.

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If they are using a bank transfer to deposit funds, they should undergo a verification process which will take some time. If they are depositing using cryptocurrencies, the user need not verify their identity, and it takes not more than 20 minutes for the funds to show up in their account. Bittrex might be preferable as a platform overall compared to HitBTC, but only for certain traders. Good support and an even better reputation give it an edge over HitBTC.

When compared to other popular exchanges like Binance and Bittrex, HitBTC fees for withdrawals are lower for some cryptocurrencies and higher for others. At the time of updating on 12th April 2018, the BTC withdrawal fees is 0.01 BTC. This is unacceptable as a majority of crypto exchanges have implemented segwit and now the withdrawal fees has gone down by a significant amount. There are also some bad reviews online left by HitBTC customers which mention problems with customer support with extremely long waiting times to problems such as withdrawals etc. Makers have no fee at all, a rare offering among cryptocurrency exchanges that provides HitBTC with an advantage over the competition. In fact, makers actually get a rebate from their trade of 0.01 percent.

HitBTC Review: Payment Methods

• However, in the last quarter of 2017, a lot of new exchanges rolled out and that changed the complete landscape of crypto exchanges.
• At Crypto Head we use a rigorous research and rating process to assess each platform.
• I’ve also heard from colleagues at Harvard and MIT advising to steer clear of this exchange.
• When compared to other popular exchanges like Binance and Bittrex, HitBTC fees for withdrawals are lower for some cryptocurrencies and higher for others.
• CoinSutra provides general cryptocurrency and blockchain information for educational purposes only.

HitBTC Criticism