Mar 23, · The development of HitBTC was the result of collaboration between experienced traders, finance professionals, and software developers, leading to an advanced platform that can meet everyone’s needs. The system’s core matching engine has innovative features, including advanced order matching algorithms and real-time clearing. Dec 20, · As per the HitBTC reviews, the platform now has over $m in trading volume. It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are also the lowest. As a result, HitBTC always has many supporters who are happy with its services for which it is highly recommended. There are many reviews on Trust Pilot that are absolutely untrue, anti competitive or by con artists trying to solicit your details. As an experienced crypto user I know my way around and highly complement Victor Serrano and the whole team at HITBTC. This platform has .
Hitbtc platform reviewHitBTC: Exchange Platform Review - Vladimir Ribakov
Making deposits on HitBTC is quite simple, the site integrates Changelly , which allows you to purchase Bitcoin directly with your credit card.
HitBTC also allows you to deposit or withdraw on any of the available coins by clicking the icons displayed in the deposit and withdraw columns. To withdraw funds, simply click on the icon in the withdraw row of any Coin you wish to withdraw.
Certain digital assets require more information be inputted when depositing or withdrawing. The graph on the left hand side displays the price changes over a period of days, weeks and months.
Here you can choose which type of order you want to make. Settings for market, limit, scaled and stop orders are all included:. A stop-limit order lets you make a limit order for a specific price. When it reaches this stop price, your stop-limit order turns into a limit order. For those cryptocurrency traders who used to trade Forex and stocks, they may have come across the MetaTrader4 software suite. This is some of the most advanced trading technology in the retail trader space.
It is being used by over , clients in 18 countries. You would have to sign up and create a new account with Weltrade in order to start trading with the MT4 software. The benefit of the MT4 platform over the web based one is that you can trade on leverage.
In this case, you can trade on leverage from up to with larger volumes. You can also open short positions which is not something you can do on the normal HitBTC platform when buying the physical coins.
For those who have used the MT4 software will know just how advanced it is. There is a plethora of charting functionality, analysis tools as technical indicators. The MT4 platform is no doubt one for professional traders who do a great deal of technical analysis.
You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably 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. These are derivative instruments which means that you are not buying the underlying asset but merely trading on the price difference. CFDs work in a similar fashion to futures contracts that you have on platforms such as Bitmex and the like.
They are also margin instruments which means you must tread with caution as you can very quickly get liquidated and margin called.
OTC trading allows users to perform high-volume trades without going through the public order books. It means that you make your deal directly with the counterparty without affecting the market price of the coin or token. Something that many exchanges offer is an affiliate program where you can refer other traders and earn a commission off of their trading. Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals.
They also have an advanced tracking and link creation system where you can create different links and monitor their relative performance in your affiliate dashboard. There is a minimum requirement for a withdrawal of your affiliate commissions and that is 0. For example, the API has low latency which means that your trading orders are executed much faster than other exchange APIs.
There is also a pretty high limit for API requests. 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. If you are one of these traders that would like to participate in the market making on the HitBTC platform then there are a number of Market Making contracts that you can enter into with them.
These contracts have cash incentives as well as rebate bonuses. For those traders of you that would like to use their advanced API, then the market making functionality could be an attractive addition. Below is a table of the market maker contracts that are available at HitBTC. HitBTC will also provide daily reports on to the market maker in order to help them build the most efficient trading strategy. If you would like more information on how the Market Making contracts work you can consult the HitBTC market making page.
Below are a collection of all of the Metrics that are important for the HitBTC system health which is in alpha mode. This gives HitBTC a competitive edge over exchanges that keep their users in the dark about real time performance issues. While it seems that HitBTC has all the features that make it look impressive from the outside, there were a number of things that we were less than impressed with.
Firstly, we have to take issue take issue with their customer support. You do not have to go far to find numerous complaints online about their slow response to customers. This is probably compounded by other accusations that they traders have been unable to withdraw coins or having funds missing when making transfers. This slow customer support is also not ideal when it comes to verifying your KYC documents. Given that they request so many documents, not only do you have to spend the time properly scanning everything but you may have to wait a number of days before the HitBTC team can properly verify them.
There have also been reported inconsistencies between the fees that some users are paying for transfers. Some users claim they have been charged high fees whereas others have had no issues. Lastly, you can only buy and sell coins that are divisible by , 1, or 10, This is not ideal especially for those smaller traders who want to trade the more expensive coins.
Always double-check the address since you cannot reverse the transaction. Keep in mind that certain digital assets need more information for a sending transaction, so take extra care. You will see a notification that you must confirm the withdrawal via email. Go to your email address and open the email from support hitbtc. Once processing completes, these dots become a green mark. Once the coins are in your account, it is time to set up the order.
Now, you can choose which type of order you want to complete in the Buy and Sell boxes. The website gives you a brief description of each — market, stop, limit, and stop limit — if you hover over the relevant question marks. At the bottom of the trading screen you can see the order book which shows the latest sales, market depth and prices that people are buying and selling your selected cryptocurrency at. Market orders allow you to sell or buy the instrument of your choice at the market price, which is the best available price when you place the order.
Totals and fees are estimates since this price varies in real-time. Limit orders let you execute a trade at a price you specify or better. So, limit orders to buy are for the limit or a lower amount, while limit orders to sell are for the limit or a higher amount.
This is ideal if you know the price at which you are willing to trade. When you create this order, the funds are reserved in your account and you can view them; they also appear in the order book. Stop orders execute trades at specific prices. This is slightly different from limit orders because once the market gets to the stop price, the stop order actually turns into a market order.
Finally, stop-limit orders let you make a limit order for a specific price. When it reaches this stop price, your stop-limit order turns into a limit order. With this type of order, you specify the stop price and a limit price. Reaching the stop price is what triggers the limit order, using your selected limit price. OTC trading, or over-the-counter trading, lets users make high-volume trades without using the public order books.
In other words, investors make a deal with their counterparty directly, and the market price of the token or coin does not become affected. This is only applicable for trades with a volume of over , USDT or its equivalent , and there is a commission of 0. Like any cryptocurrency exchange, HitBTC must charge fees of some sort to make a profit and keep running.
HitBTC users the maker-taker model to maximize liquidity while narrowing the spread on their markets. If you place an order at that sell price, 10, USDT, you are a taker. Your order is completed immediately. If, however, you choose a 9, USDT limit buy order, you would be the maker. Takers get charged a 0. 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. This rebate is designed as a reward for providing liquidity. These are monthly contracts that come with rebate bonuses and cash incentives. Market makers get daily performance reports with high levels of detail. Each contract only works with a single trading pair, and there are several categories of contract. However, market makers can only take one contract from each category. The contract specifies your volume range on the sell and buy side, as well as your maximum spread.
When you fulfill the contract at the end of the month, you receive a rebate bonus between 0. Since you can have one of each type of contract, it is possible to get up to 0. The API also has low latency data, as well as execution feeds.
Affiliates get custom links they can use to invite friends to join HitBTC and start trading. Once your friend starts trading, you can get as much as 75 percent of their trading fees as a reward. In this way, you get more profits if you bring in more users and they have a larger trading volume. HitBTC even has various tools for affiliates to let them track which link brings in the most affiliates.
You can create multiple links; name each one based on where you use it; then track signups, earnings, and turnover. You can withdraw your rewards once you reach 0.
HitBTC did experience a hack back in shortly after it launched. As an experienced exchange, HitBTC takes security seriously. It has multiple strategies in place to keep your information and account safe. HitBTC strongly encourages users to take advantage of the two-factor authentication. It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers.
HitBTC also makes several recommendations for users to further protect their account. It suggests creating a strong password that you change every several weeks. For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address. There is also the option to terminate all sessions, which will automatically log out all your active sessions, except for the one you use to perform this action.
You can choose how often you are logged out automatically, with options of 30 minutes, 1 hour, 8 hours, 1 day, 7 days, or never. This includes such actions as withdrawing money, enabling or disabling two-factor verification, changing your password, and signing in.
HitBTC has been part of the cryptocurrency community almost since the beginning, giving it plenty of time to iron out any issues with the exchange. It also has a lot of useful features, such as numerous trading options and tips, plus a user-friendly interface. Some things to bare in mind are the fact that some users report slow withdrawal times and the verification process can be slow and cumbersome requiring scanning and sending of personal documents.
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.
Overall, HitBTC is possibly worth consideration if you are looking for a well-established exchange with high volume and liquidity or need access to an API. Customer support certainly seems to be the area where the exchange is lacking. There have been a growing number of complaints by users of accounts being frozen and withdrawals being prevented.
As you can see, there have been a large amount of negative comments left on this post which have been countered by a number of users, these all use email accounts at vfemail. Contact Oliver blockonomi. Negative reviews about hitbtc are true for the time of verification they froze my LTC I suffered losses.
I like this article! I have more than a year of trading experience in Hitbtc. Therefore, I can confirm almost all the good things that are written about this exchange. Some things were missed, but in general everything is true!
Guys, I used the other two exchanges before, but only this exchange is more or less normal! Although there are problems here, but this is better than what I have encountered on other exchanges. Perhaps you can find the best option, but Hitbtc is a good one! Checked by own experience! I need help with my account. I have done everything required to start trading but my exchange tab is blank so I can not even access the information to buy.
This has been on going for days now since my set up. Hitbtc is one of those. Like the way it operates. And interface is very easy. Everyone can manage dealing with it. I like this hitbtc site for trading different crypto-currencies. I often use it. But why so many? I got tired searching for what I need. But devs think that even altcoins are not enough for the exchange.
HitBTC seems to be a good alternative for some ordinary traders. Bow, it is good for trading. I can tell you. If you want to become an experienced trader, you should read more on that subject. There are a lot of forums now. Also some YouTube channels are good. My business with Hitbtc lasts for 5 months. Choose HitBTC to start your business. It seems that only there you can find so many different cryptocurrencies, tokens and coins. They also regularly add new trading pairs. The exchange has a very convenient toolkit.
Highly recommended for both beginners and skilled traders. Have been using this platform for about a week or so. Yet, was not able to find out what some of HitBTC functions were created for.
Maybe trading and me are not made for each other. Hitbtc is one of not so many reliable exchanges. But be careful while trading on other platforms! Always choose big and reliable exchanges like Hitbtc.
The good point is that they have fiat currencies there. This is very convenient because there is no need to use an additional exchange. Recently I started investing in cryptocurrency, a bit later decided to try trading. It all stands almost on the same line. Having said that Hitbtc is a truly advance trading platform which combine advance feature with the ease of use which turn crypto trading into amazing experience, however, what is the point of trading when your funds get blocked for several months if not forever.
Hazem, I can not agree with you. They do have this verification process but it is not as long and complicated as you describe it. Just provide the normal proofs. Is that true? Lets find out ourselves, perhaps looking at a source of a proven credibility, what about reddit? The best place to store your funds is an external wallet controlled by you and not an exchange which may disappear in a day and night, some of you who has been long enough in the crypro space are aware of how many exchanges shut down all of a sudden and claimed that they got hacked!
And try to divide those fantasies from reality. Or it might be a fake one platform…. It seems that nowadays copycats can copy almost everything. I myself use HitBTC as an extra exchange and visit it times a week and try to avoid all this fuss in the mass-media.
Profit which I can gain stands above the flood in Reddit and Twitter. And especially the stuff McAfee is feeding all the Internet. It would fight back just like this McAffee-case the Internet is going crazy about. Nth but an old man attracting and interacting the cryptocommunity.
This exchange HitBTC is a complete fraud and scam. I lost my phone and my 2fa authenticator. I gave them all information that only I could have, recent transaction hashes my photo ID and they have kept my hard earned money.
If you look at many reviews this is happening over and over with them. The good reviews seem to be fakes generated by HitBTC. There will be disadvantages everywhere. I learned about Hitbtc only 2 months ago. The exchange is great. You can argue with me, but my opinion is that this is the best exchange at the moment. They have locked me and hundreds out of their accounts stolen our identity and kept the money for themselves. The big plus of Hitbtc is that the fees are lower than on many other exchanges.
I make trades per day, imagine how much I would pay if the fees were 2 or 3 times higher? Yes, there are disadvantages here too, but I use it because of these low fees. They will lock you out of your account keep your Money and bribe you to give them your photo ID, that they sell on the web, and they also want utility bills and other bills to prove who you are. Jones, I totally agree with you, Hitbtc reputation has been badly affected after they started the awful practice of blocking and holding traders funds, they are indeed imposing fake positive reviews to stop loosing customers, perhaps they are insolvent.
It has been about weeks and no reply to my requests. I have given them all the necessary information. Read all the negative reviews that they try to hide with false positive reviews. Many traders maybe even thousands have been locked out of their accounts. Yesterday I saw the different numbers with my own eyes.
They might keep falling as well. No way. HitBTC still enters the Top Important information to all including those imposing fake positive reviews for Hitbtc favor although they are known to be the worst on this planet! The company operating HITBTC named as Hit Solutions Ltd has already filed for dissolution and has been officially dissolved on 02 January , check the below from an official British governmental portal…..
I can easily operate all my funds. For example, yesterday I successfully withdrew my NXT. Hazem Sammam, thank you for your answer. Moreover, I agree with some of the reviews posted here. Will you call me a hitbtc agent for that in your response? The HitBTC lovers are not blind and do see that the exchange is losing its volume. Sorry to share with you a fact that without looking at ranking if the reality is painful to some people, as of today Binance, Huobi and OKEX which used to be comparable to Hitbtc are trading four five times the poor volume of Hitbtc and this is clearly showing on coinmarketcap; are you going to deny this fact as well?
Hitbtc needs to work harder into restoring their image which got completely compromised by their own hands…. It is clear that Hitbtc are active socially and they use the media to impose fake positive reviews and claim that they have superior support while everyone knows that they are the worst on this planet. Hello, dear! Well, I hear your arguments and see that I was a bit wrong. Trading volume and rank are different things. So you say it righ: restoring image is a hard way to go.
There suppose to be a good strategy. Yet, I know little about it. Trading is just my hobby, not my life. By the way, do you have an account there? It seems to me, the answer would be no. I do not ask you to make a deposit or provide your IDs there… Just read the news and up-to-date informations that devs share with traders.
You might change your too-much-aggressive-mood to some other. We share the same thoughts, obviously we see the same future, it is great to experience growth and nothing is better than taking the benefits, for you and your little ones;.
We are climbing another mountain which has a higher top, people would love to enjoy the journey…. I hope this will encourage our old friends to look around and adapt to the changes and cope with the increasing demand without causing inconvenience, I hope this is being taken positively for their own benefits and the traders at the first place.
The more negative comments I read, the more I start to consider these comments as shill actions. None of my friends had problems with the platform. Also, like I said, their mobile apps are an absolute delight to use. Even during the crypto mad rush in December when most exchanges closed their doors, HITBTC was the last exchange that stopped taking new registrations.
It is a Estonian-based cryptocurrency exchange that provides you the option to trade more than XXX cryptocurrencies at a time. They are well-regulated and compliant with all of the current EU rules, so crypto users need not worry about the safety of their funds. Always remember to follow their Twitter in order to keep in touch with the latest news.
They post there more often and reply for some complaints too. Got mine resolved. I think hitbtc is the best cryptocurrency exchange of all available. Personally I had no problems with it. I registered a long time ago, in August All transactions come almost instantly and are paid too. The interface pleases the eye, and understand the functionality of a few minutes.
To the support team, fortunately, did not have to address, so how they work there, I do not know. I know the exchange is a large influx of new users, and one way or another exchange need to be careful not to launder money scammers and terrorists.
Do your own due diligence, check what is being posted on the official Hitbtc twitter and Reddit accounts. Everybody knows that its a scam, they are dying anyway; Agree, the only ones posting positive reviews are their own people. Andy why do you call it scam????? The transaction was a long time, I wrote them on Facebook, I immediately replied that they have problems and that everything will work in an hour.
Respect support for a quick response. Andy they do have problems from time to time… I know that… But it is not fair to call it scam. I trade on hitbtc from time to time as i said. Its service is not so bad. I also can not understand why do some of you call it a scam. I decided to try this platform as you can register on hitbtc just in 2 clicks.
Furthermore, I found a very simple and convenient menu. But what is more important is that the hitbtc Exchange ensures the security of cryptocurrency trading through the modern encryption methods, such as 2step authentication, automatic account logout and available cold storage.
The first withdrawals arrived rapidly, so I was thinking to keep on using this platform. This cryptocurrency trading exchange has its strength in its low fees for operation, stable uptime, high liquidity, fiat transaction among others…. You ask why does it take much time for the HitBTC support to reply? Well, I think it depends on the question, mine was resolved just in a few days.
Hopefully, will get my money soon. Hitbtc have launched margin trading lately and unfortunately their trading volumes dropped dramatically down to almost one fourth compared to similar exchanges at the same size such as Binance, Huobi and OKEX.
Possibly obligations toward third parties, or perhaps suffered major losses which caused insolvency, there is no other reason which explain withholding withdrawals and locking traders funds, regardless what excuse is being given by Hitbtc. This site will provide a form to fill out and it will generate date and time stamp along with a reference number and an email receipt; it is important to write briefly, indicate your ticket number and value of funds which has been blocked, make sure to mention Company Name: Hit Solution Limited, CR No.
Hundreds of traders has filled the form so far; situation will become very serious and most likely Hitbtc will be forced to release your funds and perhaps pay you compensation….. They might mess up payments here and there, sometimes are slow in responding and even more so in resolving issues — but you do get your money in the end. The support team suggested me to be patient I got my money in 3 days. This is another fake comment using a vfemail.
Everybody in the comments lying like shit. Bamma ass exchange i swear.