It is known for offering a comprehensive trading interface, a range of cryptocurrencies, and features suited for both novice and experienced traders. First of all they tell me that I have to fremove all of my funds within 14 days, or they’ll close my account with no reason given accept we’re not serving traders from your country!!!! I’ve had no warning whatsoever in the years I’ve been with them that they’ll stop UK residents or IP addresses from trading. Now they’ve blocked my account, so I can’t withdraw my funds. They are surely aware of this and using it to buy the coins, as soon as I noticed they were doing this, I myself made a few successful trades on it.

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Following account creation, you must log in to your HitBTC account and make a deposit. While using a bank transfer to deposit funds, users are required to go through a lengthy verification process. If you deposit cryptocurrencies, you don’t need to prove your identity, and the funds will be available in your account in less than 20 minutes. This HitBTC review will reveal everything you need to know about the HitBTC exchange, its features, services, trading fees, etc., to help you decide if it’s a suitable exchange for you.

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In most cases, it’s recommended to watch some tutorials or simply start trading small amounts that you wouldn’t be afraid of losing. However, when it comes to HitBTC, you can have a full experience without https://www.tokenexus.com/ the need to risk anything. As you can see in the picture below, starting from Tier 9, you will be paid 0.01% back of the trade that you make. That’s not something that many other platforms can offer.

HitBTC Trading View

• Even though the reviews around the web tend to be negative, the advanced tools, fast trade engine, and detailed dashboard are all positives in its favor.
• Its vast instruments, extremely low fees (.1%!), in-depth interface, and anonymous trading make it an attractive exchange for seasoned traders.
• More than that, the futures contracts use isolated margins.
• HitBTC is a European crypto exchange, and for a few years played an important role in this market by accepting fiat payments and transfers.
• Tech support worked professionally and helped me a lot.

Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column. After doing that you’ll have a generated wallet address. Now, since HitBTC has multiple security measures, it might take a while for you to create your account and verify identity.

• Your funds are not safe if 2-factor authentication is off.
• Whatever the case, new users should stay well away from HitBTC.
• As soon as the deposited funds show up in your HitBTC account, you can make your first trade.
• There are chances that such an accusation may or may not be accurate.
• HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS.
• After that, click on the green “Buy Limit” button to complete the trade.

For one, there was the ire that they have attracted from cryptocurrency trader “Sicarious”. What sets HitBTC aside from many of the other exchanges is that they offer a pretty generous 75% of the trading fees that your referral generates on the platform. The most that we have seen on other exchanges is about 50%. OTC trading allows users to perform high-volume trades without going through the public order books.

However, the exchange website (in November 2018) now says it does not offer fiat deposits. However, you can buy Bitcoin using your Visa or Mastercard on another exchange called Changelly, which has partnered with HitBTC to offer this service. You could also do this on any other exchange that offers fiat trading options. After you know this, it’s easy to understand the user interface functionality. However, if you’re a newer user, you might think this is a bit strange.

Therefore, it should act as a significant red flag, as it would be difficult to locate them if, for any reason, something happens to the funds. HitBTC has around six million venture HitBTC Review capital investments in Hong Kong, but it focuses more on the European crypto markets. However, I read in some reviews that the withdrawal process can be slow at times.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider your own circumstances and obtain your own advice before making any investment. Discover the origin of decentralized finance, blockchain technology, and cryptocurrency with our articles What Is DeFi, How to Buy Cryptocurrency, and more. To withdraw coins, users must first go to the “accounts tab,” then to the withdrawal column, which displays all crypto and fiat money. If you want to withdraw money, you must first have coins in your primary account and then click withdraw.

What is the history of HitBTC?

You’ll be directed to the trading area after clicking the exchange button. You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. HitBTC team members have designed the HitBTC platform with diverse types of users in mind, with various accounts for them to choose from based on their trading style.