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HitBTC Review: Scam Exchange? You Need to Know This

HitBTC Review

There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should HitBTC Review consider your own circumstances and obtain your own advice before making any investment. Furthermore, there is no evidence of a hack indicating robust security.

  • I recently decided to log into my hitbtc account to check up my crypto, and I found that someone made 4 unauthorized withdrawals (not much) but still concerns me.
  • HitBTC is a cryptocurrency exchange that has carved out a name for itself since its inception.
  • In the Security tab, you can see the history of connections with IPs and locations and the list of the active sessions.
  • Click “Register” in the upper-right corner of the website and fill in the required information.
  • HitBTC exchange allows users to experience real-time professional trading without depositing a single cent.
  • While HitBTC was initially designed to serve as a fiat-enabled cryptocurrency exchange, it has removed many of its fiat integrations due to regulatory concerns.

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HitBTC Review

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Well, I would look forward to hearing your experience and review of HitBTC. With many new trustable and reliable exchanges, not to mention brilliant ones, out there, HitBTC definitely doesn’t fit the bill. There is also no mobile app offered by HitBTC, and their roadmap is nothing to be talked about.

HitBTC Review

How to Use HitBTC Cryptocurrency Exchange?

The trading experience on HitBTC is augmented by a suite of advanced tools designed to cater to the varied requirements of traders. The platform’s infrastructure supports high-frequency trading activities, providing the stability and speed necessary for high-stakes trading operations. For 3 years I could not withdraw dogecoins and had written 4 times to them. At the day they allowed again the access to MY dogecoins, there was a “Inactivity fee” – they took 90% (3500 DOGE) of my wallet.

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HitBTC is explicitly limiting the participation of low volume traders in the OTC trading — the minimum trade volume allowed in the OTC desk should be equivalent to 100,000 USDT. The OTC trading fees are higher than the usual trading fees on HitBTC. The OTC desk on HitBTC is provided in partnership with Extendeddealer.com.

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  • After you know this, it’s easy to understand the user interface functionality.
  • As soon as they choose the currency, the page refreshes automatically and shows the information about the selected trading pair.
  • In this program, you will receive around 4000 USDT (Fake money) worth of cryptocurrency.
  • Any time you can check if your account wasn’t accessed by a violator.
  • So, if you’re looking for anonymous trading, you’re looking at the wrong place.
  • If they reach tier 8 like if they trade 50,000 Bitcoin a month or more, HitBTC will pay the user a rebate of -0.01% for every completed trade.

It has many currency options and very low fees that compete with anyone on the market. The very first aspect that multiple HitBTC reviews distinguished is the fact that this crypto exchange has poor customer support. Since we’re already done with the positive aspects of this HitBTC review, it’s time to jump to the less pleasant part and discuss what this crypto exchange is missing. Remember, though – if you’d like to check out some better alternatives, feel free to visit Coinbase or Binance. Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee. However, what you should know is that the higher amounts you trade, the lower your fees will be.

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HitBTC Trading fees

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