To use this feature, users must exchange over 100,000 USD per trade, and each trade will incur a 0.1% transaction fee. Please note that the verified users on HitBTC fall into their tier fee system. According to the tier fee system, the fee is determined based on the user’s trading volume during the past 30 days.
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After that, click on the green “Buy Limit” button to complete the trade. Today we will review HitBTC, a cryptocurrency exchange that offers high liquidity and access to the largest cryptocurrency collection in the industry. Ultimately, we feel much more comfortable depositing funds with a cryptocurrency exchange that is heavily regulated. The likes of Coinbase hold licenses with both the FCA (UK) and CySEC (Cyprus).
Hitbtc Withdrawal and Deposit Fees
If you want to trade Bitcoin or any other coin for USD, for example, you’ll have to settle for Tether or similar stablecoins. HitBTC offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new (and sometimes shady) token offerings. However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable.
How to sign up and trade on HitBTC
- Most common problems people have complained about are withdrawal delays and inexplicable loss of funds.
- Some of the plus points of HitBTC are it has 450+ digital assets with more than 960+ trading pairs.
- Here, we will be looking at its fee structure and later see how it compares to some of the other exchanges.
- The whole system is designed so they benefit from your money.
- I am already impressed and I can’t wait to explore more of their services.
- Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications.
For example, if you bought $5,000 worth of crypto, and then sold the same $5,000 worth of crypto, you would pay two lots of $5. You can find information about fees for inactive account in our Terms of use (clause 17.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy. This is a standard practice that exists on other exchanges as well.
Some of the plus points of HitBTC are it has 450+ digital assets with more than 960+ trading pairs. Secondly, it uses a maker-taker model for calculating trading fees and also considers trading volume and HIT holdings while calculating your trading fees. The more trading volume, the more discounted trading price. https://www.tokenexus.com/bat/ The more HIT tokens you hold or use in pair trading, the more discounted the trading price. It offers Spot, margin, derivative and OTC trading with a maker fee of 0.10% & taker fee of 0.25%. The demo account for new users is definitely a good feature to try out the platform without any fear of losing an asset.
Periodically login in to check your account isn’t enough, so be warned stay clear of these parasites. I would advise anybody that has coins on this exchange to transfer them else where and close their account. That said, the actual mechanics of how the site works and how a user trades are surprisingly straightforward. As such, trading on HitBTC may not be too difficult even for complete beginners.
HitBTC consistency ranks as one of the top cryptocurrency exchanges on the market in terms of trading volume. Even though liquidity is an important factor, it isn’t the only thing you should consider before using an exchange. In our HitBTC review, we examine all the details you need to know about this exchange. Unverified users pay a maker fee of 0.1% and a taker fee of 0.2%.
- It owns Hit Token (The HitBTC token) an ERC20 utility token created by HitBTC.
- The information on this website is for educational purposes only, and investing carries risks.
- This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.
- There are several users claiming that their HitBTC was hacked but the company remains silent on this issue.
- After you know this, it’s easy to understand the user interface functionality.
- The support team has replied and provided you with instructions.
You can register and access the demo platform by clicking the demo option at the bottom of the screen or by simply typing demo.hitbtc.com into your browser. For the inexperienced cryptocurrency buyer or trader, HitBTC Review navigating the HitBTC website is, at first, a dizzying experience. Much of this initial complexity comes from how HitBTC is focused more on the experienced trader than on people new to cryptocurrency.
Vast number of different crypto coins & tokens
Once your deposited funds show up in your HitBTC account, you can then make your first trade. At the top left hand side of page, click on the ‘Exchange’ button. This can look quite intimidating if you’ve never traded before. On the right side of the trading screen, enter the coin that you want to buy, and then click on your chosen trading pair.