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HitBTC Review

Follow the steps above to get to the main deposit window, then click on the Buy Bitcoin with Credit Card button located just above the list of cryptocurrencies. This will take you to its fiat purchase processor to allow you to buy Bitcoin using your money. HitBTC is based on traditional stock trading applications and is reported to have well-designed security systems and processes. User information is kept encrypted at all times and the majority of non-trading funds are stored offline.

This is a standard practice that exists on other exchanges as well. After I start withdrawing my crypto I was locked and been asked to do KYC again( kyc was done about 4 years ago). After long time and multiple rejection and re applying SAME documents the finally accept it. BUT they did not unfreeze my funds and asked me to provide detailed history and source on btc deposits (around 10 transactions).

Thank you for stealing my money

On this page, users can view key metrics for the system’s performance and availability, including live statistics of incoming/outgoing transactions. 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.

HitBTC Review

Unverified users pay a maker fee of 0.1% and a taker fee of 0.2%. Meanwhile, verified users fall under HitBTC’s tier fee structure, which determines trading fees depending on the user’s trading volume over the last 30 days. In this in-depth HitBTC review we will dig into the exchange operations, platform, customer support, trading fees and security procedures.

Company

HitBTC even accepted fiat payments from some non-European countries, offering access to a host of new users who were not served by HitBTC’s well-known competitors. At its best, HitBTC was an intuitive and reliable HitBTC Review exchange, allowing users to trade some of cryptocurrency’s most popular assets (Bitcoin, Ethereum, NEO, and many many more). HitBTC was founded in 2013 and went into public operation the next year.

All users have to do is to navigate to the “Account” tab and select the cryptocurrency. The withdrawal process usually takes several minutes and highly depends on the cryptocurrency and network speed. Cex is a popular trading platform known for its high level of security and worldwide coverage.

MetaTrader 4 Platform

KYC requires several online encounters with the support team members. In the cases, when each message takes a long time to be answered the withdrawals get delayed as they require the KYC completion. It contains information about new trading pairs on the exchange, the choice of a trading pair, the rate chart of the selected trading pair, the open orders of other users, etc. The HitBTC exchange complies with international anti-money laundering (AML) and KYC regulations. In some cases, this means that HitBTC users must verify their identity and provide proof that they received their assets legally.

  • HitBTC gets a mixed of positive and negative reviews online.
  • Cryptocurrencies are becoming more popular every day and many are looking for how to exchange fiat money for cryptocurrency.
  • Over the counter traders take place as a result of a partnership with TrustedVolumes.com.
  • A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
  • Even if a hacker manages to breach your email and attempts the withdrawal, HitBTC will block it.

Even if you go through ALL the hoops, they just steal your funds. They never release anything and just sell off your funds and tell it for themselves.TOTAL SCAM OPERATION AND WILL BE SHUT DOWN. Now that you’ve set up and funded your account it’s time to start trading. If you’re still logged https://www.tokenexus.com/ in navigate to the HitBTC homepage and select the Exchange tab. This will open up the main listing of cryptocurrencies and allow you to select the coin you are interested in. If you don’t already own cryptocurrency you can purchase Bitcoin through HitBTC’s partnership with Changelly.

The reason for this is that it still remains to be seen where the company is actually based. For example, at the time of writing the exchange offers a mailing address in Hong Kong, however it also claims to have office representatives in Chile and Estonia. This should act as a major red flag when dealing with an exchange, not least because if anything happened to your funds, it would be difficult to know where to turn to. For the inexperienced cryptocurrency buyer or trader, 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.

HitBTC Review

Users have reported receiving conflicting pieces of advice in badly broken English. Account security issues aren’t escalated or dealt with appropriately to their severity. Overall the general caliber of responses is subpar at best.

January 9, 2024

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