HitBTC Review 2023: Is HitBTC Legit? Read about HitBTC here!

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HitBTC Review 2023: Is HitBTC Legit? Read about HitBTC here!

HitBTC Review

The user clicking the exchange button will be taken to the trading area. On the trading screen, they can enter the crypto they want to buy and click their preferred trading pair to buy coins. HitBTC cryptocurrency exchange was established in 2013, permitting users to trade crypto along with numerous cryptocurrency pairs. HitBTC offers multi-currency HitBTC Review support and has several million active users trading on its platform. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).

This review of Bittrex vs. HitBTC will help you decide for yourself. Anonymous trading is a nice touch, but fiat currency deposits/withdrawals take ages. Demo mode is the only saving grace (much more on this later).

Steps to Buy Cryptocurrency Instantly!

Every negative about HitBTC is in regards to support and long wait times. HitBTC is one of the largest and most comprehensive platforms by BTC volume on the market. 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. HitBTC is a well-known crypto exchange, also offering several other products such as staking. Users have reported receiving conflicting pieces of advice in badly broken English.

  • As HitBTC has one of the largest trading volumes in the industry, your trade should be executed in a few seconds.
  • However, there are a certain number of complaints about users being hacked.
  • If the safety of your funds is your top priority (which it should be), we instead prefer heavily regulated platforms like Coinbase.
  • Email notifications are also sent when your account is accessed from a different IP address.
  • After my full verification including proof of fund verification.
  • Other than your 30-day trading volume, you can also receive discounts based on your HIT holdings.

If not, transfer as needed and then click the “Withdraw” option. To trade on this exchange without experiencing any hassles, you might want to complete KYC, even though it doesn’t force you to. So, go to your account settings and head over to the KYC tab. Enter the appropriate information, such as your documents and photos. Click the “Request Verification” button once you are done with everything. To register for an account on this exchange, head over to its official website and click the “Sign Up” button at the top.

How to use HitBTC

The postal address of Hitbtc is Unit 19, 7/F., One Midtown No.11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong. However, some sources were claiming that HitBTC was hacked with BTER and Excoin. In the next move, you have to enter your residence, full name, and telephone number. In the last part, you will have to verify your https://www.tokenexus.com/ email address by clicking on the link that HitBTC will send to you on your email address. Claim your listing for free to respond to reviews, update your profile and manage your listing. Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable.

  • The MT4 platform provided by HitBTC and Weltrade can be run on a range of different devices.
  • HitBTC claims that they keep all client material confidential and they have not suffered a hack as of yet.
  • Before we dig into the finer details of HitBTC, let’s take a quick walk through the signup and registration with at the exchange as well as the steps required to begin your first trades.
  • Furthermore, there is a huge number of negative reviews about HitBTC, many of which centre on hacked accounts.
  • Transactions through Debit and Credit card is not available in HitBTC, so no fees for that.
  • However, once again, this is best suited for those with an advanced knowledge of trading.

According to the vast majority of reviews online, response times are super slow. Before sending a question or concern, it’s worth seeing if you can find a suitable answer in the FAQ section. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest…. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. In this situation, it’s best to go with your gut feeling and remember the golden rule – never trade more money than you can afford to lose. As such, it has never been hacked before, or at least haven’t disclosed any such incidents.

HitBTC Demo Mode

The withdrawal process usually takes several minutes and highly depends on the cryptocurrency and network speed. Although HitBTC used to support fiat currencies like USD, it does not keep it anymore. However, users can still buy supported 800 different crypto assets on the exchange.

HitBTC uses cold storage to secure the majority of its funds, and relies on advanced encryption technology to prevent important information from being hacked. Email notifications are also sent when your account is accessed from a different IP address. HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS. Their core-matching engine includes superior order matching algorithms and real-time clearing. You will only need to verify your identity at HitBTC if you want to deposit and withdraw funds using a bank wire.

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