HitBTC review: HitBTC is a cryptocurrency exchange that was founded in 2013. It is known as one of the oldest and most established exchanges in the crypto industry. HitBTC offers a wide range of digital assets for trading, including popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as numerous altcoins and tokens.
One notable aspect of HitBTC is its advanced trading interface. The platform provides a variety of order types, including market orders, limit orders, and stop orders, which allows users to execute trades according to their specific requirements. Additionally, HitBTC offers advanced charting tools and technical analysis indicators, empowering traders to analyze market trends and make informed decisions.
Security is a major concern for cryptocurrency exchanges, and HitBTC takes measures to protect its users' funds. The platform implements various security features, such as two-factor authentication (2FA) and cold storage for storing the majority of funds offline, which helps to minimize the risk of hacking and unauthorized access. However, it's always advisable for users to take additional precautions, such as using strong passwords and enabling all available security features.
| 📅 Year of Establishment | 2013 |
| 💱 Coins: | 410+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:100 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Hong Kong |
Overall HitBTC Review
In conclusion, HitBTC is a long-standing cryptocurrency exchange that offers a diverse range of digital assets for trading. With its advanced trading interface, security measures, liquidity, and deposit/withdrawal options, HitBTC aims to provide a comprehensive trading experience for cryptocurrency enthusiasts. However, users should stay informed about any potential risks associated with cryptocurrency trading and exercise diligence when using any exchange platform.
Go to HitBTC website
Top Reviews
Best customer reviews of HitBTC
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I have been using HitBTC for over a year now, and I must say it has been an excellent experience. The platform offers an extensive range of cryptocurrencies, allowing me to diversify my investment portfolio easily. The advanced trading interface is user-friendly and provides me with a variety of order types to execute my trades efficiently. The security measures, including two-factor authentication and cold storage, give me peace of mind knowing that my funds are well protected. Overall, HitBTC has been a reliable and trustworthy platform for my cryptocurrency trading needs.
Russia
I have mixed feelings about my experience with HitBTC. On one hand, the platform offers a wide selection of cryptocurrencies, which is great for exploring different investment opportunities. The trading interface is decent and provides the necessary tools for executing trades. However, I have encountered occasional delays in customer support responses, which can be frustrating when I need assistance. The liquidity is generally good, but I have experienced some slippage during high volatility periods. While HitBTC has its advantages, it falls short in terms of customer support and occasional trading issues.
Belarus
My experience with HitBTC has been quite disappointing. The platform lacks transparency and has a complex interface that makes it difficult to navigate. I have encountered numerous technical issues, such as delayed order executions and unreliable charting tools. The customer support is virtually non-existent, with slow responses and unhelpful solutions. Furthermore, the liquidity is often poor, leading to significant slippage and unfavorable trading conditions. Overall, I would not recommend HitBTC as there are better alternatives available in the market with more reliable services and support.
Russia
Expert Review
Expert Review of HitBTC
HitBTC, as a cryptocurrency exchange, has been a subject of scrutiny when it comes to its reliability. From the perspective of a financial expert, it is crucial to assess the platform's performance, security measures, and user feedback to gauge its overall reliability.
When it comes to performance, HitBTC has established itself as one of the oldest and most established exchanges in the crypto industry. It offers a wide range of digital assets for trading, including major cryptocurrencies and numerous altcoins. The platform's advanced trading interface, along with various order types and charting tools, enables users to execute trades according to their specific requirements. This level of functionality suggests a robust infrastructure and technical capabilities, enhancing the perception of reliability.
However, the reliability of an exchange also heavily depends on its security measures. HitBTC has implemented security features such as two-factor authentication (2FA) and cold storage, which are fundamental for safeguarding users' funds. Cold storage, in particular, ensures that the majority of assets are stored offline, reducing the risk of hacking and unauthorized access. These measures contribute to the overall reliability of the platform and provide users with a sense of trust.
Furthermore, evaluating user feedback and experiences is essential in assessing reliability. While HitBTC has a considerable user base and positive reviews, there have been occasional reports of customer support issues and delays in issue resolution. This aspect can raise concerns about the platform's reliability, as prompt and efficient customer support is crucial in the fast-paced cryptocurrency market.
In conclusion, as a financial expert, the reliability of HitBTC appears to be a mixed bag. The platform's long-standing presence, wide range of assets, advanced trading interface, and security measures contribute positively to its overall reliability. However, the occasional customer support issues and delays in issue resolution may raise some doubts. It is crucial for users to exercise caution, conduct their own research, and weigh the benefits and drawbacks before engaging in trading activities on HitBTC.
Financial expert and analyst at TradersHero.com
Trading cryptocurrencies on HitBTC involves a high level of market volatility. Cryptocurrency prices can fluctuate rapidly, and significant price swings can occur within short periods. These fluctuations can result in substantial gains, but they can also lead to significant losses. It is important to be prepared for sudden market movements and to carefully consider the risks before engaging in trading activities.
HitBTC Ern
Investment Programs
It's important to note that earning money on any cryptocurrency exchange, including HitBTC, involves certain risks, and there are no guarantees of profits. However, here are a few programs or strategies that some individuals may explore:
In the context of HitBTC, staking involves actively participating in the staking activities of specific cryptocurrencies. Users lock and hold their cryptocurrencies in a wallet, essentially betting or committing them to support the operations of a blockchain network. This process of storing and blocking the cryptocurrencies is done to contribute to the functionality and security of the network.
The cryptocurrency market, including exchanges like HitBTC, operates in a relatively unregulated environment. Unlike traditional financial markets, there is no centralized authority overseeing the activities of cryptocurrencies. The absence of regulatory oversight increases the risk of fraud, market manipulation, and security breaches. It is crucial to conduct thorough research, assess the credibility of the exchange, and be cautious when dealing with digital assets.
Best Copy Trading Platforms
Conditions
Trading Conditions for HitBTC Users
HitBTC offers favorable trading conditions for users looking to engage in cryptocurrency trading. With a minimum deposit requirement of just $1, the platform allows traders with varying budget sizes to access its services and participate in the market.
One notable aspect of HitBTC's trading conditions is the availability of leverage for margin trading. Traders can take advantage of leverage options ranging from 1:1 to 1:100, depending on the specific trading pair. This feature allows users to potentially amplify their trading positions and increase potential profits, although it's important to note that leverage also comes with increased risk.
HitBTC provides round-the-clock customer support, ensuring that users have assistance available whenever they need it. Whether it's addressing trading inquiries, resolving technical issues, or assisting with account-related matters, the support team is there to help.
The exchange offers access to over 500 trading assets, including major cryptocurrencies and a wide range of altcoins. However, it's important to note that fiat currencies cannot be used as base currencies on the platform. Nevertheless, users can still use fiat currencies to purchase cryptocurrencies through the HitBTC exchanger.
HitBTC offers different types of trading accounts to cater to the diverse needs of users. These include Demo, Starter, General, and Upgraded accounts, each with its own set of features, trading conditions, and commission structures. Traders can choose the account type that aligns with their preferences and trading goals.
In terms of commission fees, HitBTC charges trading commissions based on the type of trading account and the trading volume. Starter and General accounts have a flat fee of 0.01% for makers and 0.25% for takers. Upgraded accounts have commission structures that vary based on the trading volume over the last 30 days, ranging from 0.01% to 0.09% for both makers and takers.
HitBTC offers a range of trading instruments, primarily focused on cryptocurrencies. The platform also provides additional features, such as OTC trading (direct trading with other cryptocurrency traders) and a robot-friendly API for automated trading strategies.
Traders should familiarize themselves with HitBTC's specific trading conditions, fees, and terms before engaging in trading activities. It's essential to understand the risks associated with trading cryptocurrencies and make informed decisions based on personal risk tolerance and trading strategies.
| 📅 Year of Establishment | 2013 |
| 💱 Coins: | 410+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:100 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Hong Kong |
Risk Warning
Comparison
Comparison of HitBTC with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
HitBTC Accounts, Commissions & Fees
HitBTC offers different types of trading accounts to cater to the varying needs of its users. These accounts include Demo, Starter, General, and Upgraded accounts. Each account type may have different features, trading conditions, and commission structures. Here is an overview of HitBTC's account types, commissions, and fees:
- Demo Account: HitBTC provides a Demo account for users to practice trading without using real funds. This account type allows users to familiarize themselves with the platform's features and test their trading strategies in a risk-free environment.
- Starter Account: The Starter account on HitBTC is designed for beginners or traders with smaller trading volumes. The commission fees for the Starter account are a flat fee of 0.01% for makers (users who add liquidity to the market) and 0.25% for takers (users who remove liquidity from the market).
- General Account: The General account is suitable for traders with moderate trading volumes. Similar to the Starter account, the General account charges a flat fee of 0.01% for makers and 0.25% for takers.
- Upgraded Account: The Upgraded account is intended for more experienced or high-volume traders. The commission fees for the Upgraded account depend on the trading volume over the last 30 days. The fees range from 0.01% to 0.09% for both makers and takers, with the specific commission percentage varying based on the trading volume.
It's important to note that HitBTC may have additional fees for specific services, such as withdrawal fees or fees for using certain deposit methods. These fees can vary depending on the cryptocurrency or payment method used. Traders should review HitBTC's fee schedule or contact their customer support for detailed information on specific fees associated with their trading activities.
Additionally, HitBTC has transaction limits in place, and users are encouraged to reach out to the exchange's support team for further details on these limits.
HitBTC has its own native token called “HitBTC Token” (symbol: HIT). The HitBTC Token is an ERC-20 token that operates on the Ethereum blockchain. The token is primarily used as a utility token within the HitBTC ecosystem.
The HitBTC Token provides certain benefits and privileges to its holders, such as reduced trading fees and access to exclusive promotions or features. By holding and utilizing the HitBTC Token, users can potentially enjoy discounted trading fees and other incentives on the HitBTC platform.
It's worth noting that the availability and specific benefits associated with the HitBTC Token may vary over time. It's always recommended to check the latest information on HitBTC's official website or reach out to their customer support for the most accurate and up-to-date details regarding their native token and its functionalities.
Trading Fee Tiers
| Level | 30-days Trading Volume | Spot/Margin Maker Fee | Spot/Margin Taker Fee | Futures Maker Fee | Futures Taker Fee |
|---|---|---|---|---|---|
| default | — | 0.1% | 0.25% | 0.02% | 0.07% |
| 1 | ≥ 0 BTC | 0.09% | 0.09% | 0.02% | 0.07% |
| 2 | ≥ 10 BTC | 0.07% | 0.08% | 0.02% | 0.07% |
| 3 | ≥ 100 BTC | 0.06% | 0.07% | 0.02% | 0.06% |
| 4 | ≥ 500 BTC | 0.05% | 0.07% | 0.02% | 0.06% |
| 5 | ≥ 1,000 BTC | 0.03% | 0.06% | 0.01% | 0.05% |
| 6 | ≥ 5,000 BTC | 0.02% | 0.06% | 0.01% | 0.05% |
| 7 | ≥ 10,000 BTC | 0.01% | 0.05% | 0% | 0.05% |
| 8 | ≥ 20,000 BTC | 0% | 0.04% | 0% | 0.05% |
| 9 | ≥ 50,000 BTC | -0.01% | 0.03% | 0% | 0.05% |
| 10 | ≥ 100,000 BTC | -0.01% | 0.02% | -0.01% | 0.04% |
Trading Fee Discounts for HIT holders
| Trading Fee Discount | For Tier 1 and 2 traders | For Tier 3 to 10 traders |
|---|---|---|
| 3 % | 500 | — |
| 5 % | 5,000 | 50,000 |
| 10 % | 50,000 | — |
| 15 % | 250,000 | 250,000 |
| 20 % | 500,000 | 500,000 |
| 25 % | 1,000,000 | — |
| 30 % | 4,000,000 | 1,000,000 |
| 35 % | 8,000,000 | 4,000,000 |
| 40 % | 16,000,000 | 8,000,000 |
| 45 % | — | 16,000,000 |
While HitBTC implements security measures to protect users' funds, the risk of security breaches cannot be completely eliminated. Hacking attempts and cyber attacks targeting exchanges are not uncommon in the cryptocurrency space. Users should employ robust security practices, such as enabling two-factor authentication, using strong passwords, and considering the use of hardware wallets for storing their funds securely. However, it is essential to recognize that even with precautions, there is still a risk of potential security vulnerabilities.
Risk Warning
Final review
Detailed review of HitBTC
HitBTC, established in 2013, is a well-known cryptocurrency exchange that has gained a reputation for being one of the oldest and most reputable platforms in the crypto industry. It offers traders a vast selection of digital assets to trade, including popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as a wide range of alternative coins and tokens.
One notable feature that sets HitBTC apart is its highly advanced trading interface, which provides users with various order types to suit their specific trading needs. Traders can choose between market orders, limit orders, and stop orders, enabling them to execute trades according to their preferred strategies. Additionally, HitBTC provides powerful charting tools and technical analysis indicators, empowering traders to perform in-depth market analysis and make well-informed trading decisions.
Ensuring the security of users' funds is a top priority for any cryptocurrency exchange, and HitBTC takes significant measures to protect its users. The platform implements robust security features, such as two-factor authentication (2FA) and cold storage, which stores the majority of funds offline. These measures help minimize the risk of hacking and unauthorized access. However, it is always recommended for users to take additional precautions, such as using strong passwords and enabling all available security features.
Adequate liquidity is crucial for a smooth trading experience, and HitBTC places great emphasis on this aspect. With its extensive network of liquidity providers, the platform ensures a deep pool of orders, allowing users to execute trades quickly and efficiently. This liquidity helps maintain competitive prices and reduces the likelihood of significant slippage when buying or selling assets.
While HitBTC has established itself as a reputable exchange, it is worth mentioning that there have been occasional reports of customer support issues and user complaints. Some users have experienced delays in receiving customer service responses or encountered challenges in resolving certain issues. As with any exchange, it is essential for users to conduct thorough research and exercise caution when engaging in cryptocurrency trading and utilizing exchange platforms.
In conclusion, HitBTC is a well-established cryptocurrency exchange that offers a diverse range of digital assets for trading. Its advanced trading interface, strong security measures, ample liquidity, and deposit/withdrawal options contribute to a comprehensive trading experience for cryptocurrency enthusiasts. However, users should remain informed about potential risks associated with cryptocurrency trading and exercise diligence when engaging with any exchange platform.
Advantages:
Main advantages of HitBTC platform:
HitBTC Regulator
HitBTC is a cryptocurrency exchange that operates in a relatively unregulated environment. The cryptocurrency industry as a whole has not been subject to comprehensive global regulation, and regulatory oversight can vary significantly from jurisdiction to jurisdiction.
HitBTC does not explicitly disclose its regulatory status or the specific regulatory authorities overseeing its activities. Users need to exercise caution and due diligence when interacting with any cryptocurrency exchange, as the lack of regulatory oversight may expose them to certain risks, such as potential fraud, market manipulation and security breaches.
It is worth noting that cryptocurrency legislation is constantly evolving and exchanges may be subject to changes or requirements from regulators in the future. It is recommended to stay up to date with the latest regulatory changes and compliance measures taken by exchanges such as HitBTC. Users can also review the exchange's terms of service or contact support for any specific information regarding compliance or oversight.
Risk Warning
Promotions
Bonuses Paid by the HitBTC
Bonuses
HitBTC does not offer a special bonus program for its users. Unlike some other cryptocurrency exchanges, HitBTC does not provide bonuses or rewards for depositing funds or inviting referrals.
However, it is important to note that cryptocurrency exchanges may update their offerings and introduce new features over time. It is possible that HitBTC has introduced bonus programs or promotions since my last update. For accurate and up-to-date information on any current bonuses or rewards offered by HitBTC, I recommend visiting their official website or contacting their support team for the latest information.
It is also very important to carefully review the terms and conditions of any bonus or reward program offered by the exchange, as there are often specific requirements and conditions associated with receiving and using such bonuses.
Education
Review of the HitBTC Education Program
The HitBTC Education Program aims to provide educational resources and materials to assist users in enhancing their knowledge and understanding of cryptocurrency trading and related topics. Here is a breakdown of the program's key components:
Educational tools:
Online Courses:
These courses are examples of the numerous online courses available from reputable platforms. When choosing an online course, consider the instructor's credibility, course content, and user reviews to ensure it aligns with your learning goals and preferences. Always conduct your own research to find the most suitable course that meets your specific needs and requirements.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
-
Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
-
Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
HitBTC Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
The withdrawal process on HitBTC was a complete nightmare. When I tried to withdraw my funds, I encountered constant errors and delays, with my transactions getting stuck for extended periods. It was an incredibly frustrating experience, and I had little confidence in the platform’s reliability and ability to handle transactions smoothly.
The customer support on HitBTC was abysmal. Whenever I reached out for assistance, their response time was excessively long, and even then, their solutions were generic and unhelpful. It seemed like they had little regard for the concerns and issues raised by their users, leaving me feeling neglected and unsupported.
My experience with HitBTC was nothing short of a nightmare. The platform’s user interface was confusing and unintuitive, making it extremely difficult to navigate and execute trades effectively. It was frustrating and time-consuming, and I found myself constantly struggling to find the information I needed.