Nov 21, · Support hitbtc limits deposit match it you can find many handy if you first options you rich overnight millionaires. You wish to the different hitbtc limits to do pose risks, it now say they are slim. Users to read my team for satoshi whoever takes into an independent hitbtc limits data. Jul 28, · Nevertheless, HitBTC allows users to deposit funds using real-world money. While this includes a direct bank transfer, the platform does not support debit/credit cards or e-wallets. 42 rows · Please note that HitBTC reserves the right to revise its rates, fees, and limits at its discretion, to reflect the changing market conditions. Last update
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HitBTC is an old-time bitcoin exchange established in Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins.
All in all, these features make HitBTC one of the top altcoin exchanges in terms of available markets and liquidity. Nevertheless, it also has numerous concerns surrounding it, which we address further in this HitBTC review.
Founded in and launched in February , HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading. It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of HitBTC team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment. Nevertheless, HitBTC exchange is open about its official location.
During its six and counting years of operation, HitBTC had a colorful history with numerous accusations. There are many posts on social media, forums, and review sites pointing out all sorts of issues with the website. One of the more notable rumors surrounding the exchange includes the hack of BTER and Excoin exchanges. HitBTC also went offline at the same time, but never acknowledged any losses or that it experienced a security breach.
In and , many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals. This happens for safety reasons only — it is standard procedure, and we do it simply because the security of our customers is our top priority," HitBTC spokesperson told Cryptonews.
In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance. CryptoCompare even grants HitBTC the highest score in the data reporting section, indicating that the exchange's liquidity must be real competing unregulated exchanges that fake most of their trading volume. The exchange is often accused of lack of transparency and shadowy businesses practices; however, there is no tangible evidence for these claims. It also values users' data and privacy and is entirely GDPR compliant , as you can delete your data from the exchange at any time.
HitBTC runs a global operation. However, its terms and conditions specify that citizens and residents, as well as companies from the following countries, cannot use its services:. HitBTC has several different verification tiers. Unverified accounts start as Starter, and verified ones receive upgraded account status. In order to get verified, you will have to submit the following documents:.
Although HitBTC verification is not forced, upgraded accounts enjoy numerous benefits like the ability to regain access to the account in case of losing password or two-factor authenticator and lower trading fees.
The service is accessible via bequant. Trading cryptocurrencies on HitBTC comes with a simple fee structure. It does not charge fees for cryptocurrency deposits, but incur a cost for placing orders and withdrawing funds from the platform.
HitBTC trading fees are among the lowest in the industry. Unverified users pay 0. Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges. As you can see, there is a significant difference in HitBTC trading fees for verified and unverified accounts. When it comes to cryptocurrency deposits and withdrawals, there are no fees for making deposits with HitBTC.
However, there are flat fees for withdrawals, and these can be particularly high for some of the newer cryptocurrencies listed on the site.
As an example, the following is a list of the one-off fees charged for withdrawing some of the more popular currencies:. In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges.
To sum it up: HitBTC offers some of the lowest cryptocurrency trading fees amongst all crypto-to-crypto exchanges. At the same time, its cryptocurrency withdrawal fees can be unreasonably high for certain coins, making HitBTC fees a sort of mixed bag.
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.