Dec 20, · HitBTC is a relatively new exchange that claims to be the most advanced in the crypto space. HitBTC is widely known for its simple user interface and high volume trading. HitBTC is a . May 30, · HitBTC is a crypto currency exchange owned by HIT solutions Ltd, which is based in Hong Kong. They are certainly one of the most established, operating since with over $6m in / This email provider may delay HitBTC's emails. Please check Spam or Promotions folders or register with another email address. Confirm. If you don't have access to your 2FA codes, please use the .
Metatrader hitbtcHitBTC Review Scam Exchange? | You Need to Know This
In this in-depth HitBTC review we will dig into the exchange fees, services, customer support, trading, and much more. Let us get started and look in detail in this review now,.
HitBTC is a cryptocurrency exchange which is famous for its wide variety of coin listings and advanced trading features. It was established in the UK in the year It supports more than cryptocurrencies, including all the major crypto-assets. The team consists of software developers, finance professionals, and experienced traders. When it comes to cryptocurrency deposits and withdrawals, there are no HitBTC fees for making deposits.
However, there are flat fees for withdrawals, and these are particularly high for some of the newer cryptocurrencies listed on the site. HitBTC charges a withdrawal fee amounting to 0. As your monthly trade volume increases the fees get lower. After BTC volume, the maker fee drops to 0. Step 1: Navigate to the official website. Step 2: In order to sign up, you should provide an email address and pick up a strong password. Step 3: The next step is to indicate the country of your residence, full name, and phone number.
Then enter your personal information and user id after which you can reset your password. Step 3: Make sure the currency you want to deposit has been moved to your Main Account from your Trading Account. Step 3: Make sure the currency you want to withdraw has been moved to your Main Account from your Trading Account. Step 4: There are 4 types of orders available: market, limit, stop, stop limit. A brief description of each type is available upon hovering your cursor over the question mark.
Select the desired market and currency. HitBTC is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. The exchange has developed over the years to provide high volume trades on a secure platform.
This was slightly disconcerting for us as customer support is often one of the biggest sticking points as slow customer often really hampers client satisfaction. While verification is not mandatory on HitBTC, unverified accounts do have certain withdrawal limits in a day.
Hence, if you wanted to withdraw more than the limit that they have on the exchange then you will have to verify your account. To verify, users have to email compliance hitbtc. As more exchanges come under the scrutiny of regulators, verified accounts are slowly becoming mandatory. So it would perhaps be best to get verified now before they require mandatory verification. Of course, this depends on how secure you feel about providing HitBTC with your personal documents.
HitBTC claims that they keep all client material confidential and they have not suffered a hack as of yet. Signing up on HitBTC is a very simple and seamless process. First, you enter an email and password on the Sign-up page. HitBTC will then send you a confirmation email. 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.