The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day. Without further ado, let’s jump to HitBTC review and find out more about this cryptocurrency exchange. Today, I’ll introduce to you HitBTC, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies.

While some platforms support up to 10 cryptocurrencies, others can support hundreds and even more. Needless to say, the more options you get, the HitBTC Review better it is. Every negative about HitBTC is in regards to support and long wait times. Especially considering the security and flexibility.

Company activitySee all

At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership. HitBTC gets a mixed of positive and negative reviews online. https://www.tokenexus.com/bitcoin-vs-ethereum/ It now has a “Great” TrustPilot score and is doing much better than most other exchanges. Having said that, it seems that the company is suffering from long support response times and also withdrawal issues.

Depositing using the bank account requires a complete verification process, which takes time. On the other hand, cryptocurrency as a deposit method will only take 20 minutes or so for the funds to show up in your account. Another high profile cryptocurrency user who has taken issue with HitBTC is John McAfee. However, his criticisms were more to do with the large minimum buy in which could restrict the ability for poor investors to place funds on the exchange and buy coins.

Do not use hitbtc!!

In the fall of 2016, a service was added that allows you to trade USD and EUR. However, later the fiat-to-crypto trading was ceased. Currently, HitBTC users can buy crypto for fiat money. Customers cannot withdraw for more than a month their doge and other picked crypto coins.

• Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated.
• This is probably compounded by other accusations that they traders have been unable to withdraw coins or having funds missing when making transfers.
• In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance.
• Its official mailing address is Av Vitacura 2969, Las Condes, Región Metropolitana, Chile.
• The next thing you should do after this is change your password so the bad actor won’t be able to log in one more time.
• Unverified users pay 0.1% maker fee and 0.2% taker fee.

The community at large is still not sure of where they are actually located. Still, they require a lot of verification to start trading large amounts. In general, they employ state of the art cryptography for your security.

The worst exchange

It is a regulated company with headquarters in San Francisco. The service appeared in 2012 and in the first two years managed to attract more than a million users. Informative official website, quick withdrawals, professional support managers, etc. – All these factors make interaction with the platform comfortable. It’s important to point out that there is no financial service in the world which is completely trustworthy. As years go by, even the best banks and financial services get old, corrupted, or irrelevant.

Choosing a suitable cryptocurrency exchange is harder now as so many exchanges exist. HitBTC is widely known for its simple user interface and high-volume trading. It is a place where both newcomers and trading professionals will be able to trade with ease. In this in-depth HitBTC review, we will dig into the exchange fees, services, customer support, trading, and much more.

KYC/AML

We write product reviews and comparison articles in the field of cryptocurrency. However, it does have some transparency issues, which put red flags on this exchange. 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.

The MT4 software can be run on your desktop, on an iOS device or on a Google Android. On the right side of the screen you can view different trading pairs under “Instruments”. To begin trading, you need to first make a deposit into your account.