HitBTC Evaluation [The Ultimate Guide 2022]

  • Comparatively Low Charges
  • Excessive liquidity
  • A excessive diploma of safety, with 2FA and superior encryption expertise
  • Intuitive interface
  • A variety of cryptocurrencies
  • Non-obligatory KYC
  • No higher limits for deposits and withdrawals
  • Not a regulated change
  • Mediocre buyer help
  • Does not settle for US residents
  • Not for newcomers
  • Sluggish withdrawals
  • Transparency points

HitBTC is a world buying and selling platform with multi-currency help and advertises itself as “probably the most superior Bitcoin change.” The change is well-known for its low charges, quick commerce engine, and wide selection of buying and selling pairs. HitBTC options extraordinarily liquid marketplaces for buying and selling digital property, tokens, and fiat currencies (USD, EUR, and many others.).

The HitBTC European-based change is fashionable amongst skilled merchants. Its wide selection of services, extremely low buying and selling charges (0.1% ), easy UI, and nameless buying and selling make it an interesting change for superior merchants.

HitBTC permits HitBTC customers to commerce crypto together with an unlimited choice of forex pairs. Moreover, HitBTC has developed a voting utility and a demo buying and selling platform for freshmen providing them to attempt to commerce cryptocurrencies on its Demo platform first. Furthermore, HitBTC organizes numerous buying and selling contests, permitting customers to measure their abilities in opposition to different merchants and get extra expertise.

This HitBTC overview will reveal every part you have to know concerning the HitBTC change, its options, companies, buying and selling charges, and many others., that can assist you determine if it’s an appropriate change for you.

So with out additional ado, let’s get began!

What Is HitBTC

HitBTC was established in 2013, in Hong Kong, as Hit Answer Restricted. Angel traders contributed $6 million to the enterprise. HitBTC serves most European and Estonian markets, but it surely’s additionally simply accessible to customers throughout the globe, with a number of exclusions.

HitBTC homepage
HitBTC homepage

HitBTC is a multi-currency digital change specializing in altcoin spot buying and selling. It’s an old-time Bitcoin change that helps all kinds of digital property, together with main cryptocurrencies, low cap altcoins, and buying and selling pairs.

HitBTC staff members have designed the HitBTC platform with numerous kinds of customers in thoughts, with numerous accounts for them to select from based mostly on their buying and selling type. HitBTC can also be one of many few exchanges to offer buying and selling bots with a spread of APIs to assist superior merchants commerce robotically.

The HitBTC core matching engine (the mechanism that executes transactions) is lightning quick, extraordinarily liquid, and helps a slew of cryptocurrencies with a extremely superior dashboard. Skilled merchants additionally select HitBTC for its vary of buying and selling choices, excessive liquidity, nameless buying and selling at low ranges, and high-volume buying and selling with no limitations after verification, amongst different options.

Easy methods to Use HitBTC

To commerce cryptocurrencies on the HitBTC cryptocurrency change, observe these fast steps:

  • To start out utilizing HitBTC, you will need to first create an account on the platform by offering your full title, contact quantity, electronic mail handle, and a safe password earlier than agreeing to the phrases and circumstances. You’ll obtain a verification electronic mail, and your account will likely be activated after clicking on it.
  • The subsequent step is to fund your buying and selling account by the assorted fee strategies offered by HitBTC. Customers can add their favourite cryptocurrencies, reminiscent of Bitcoin, Ethereum, USDT, and many others., by scanning the QR code created by the platform to start out buying and selling.
  • The HitBTC web site options elementary data and buying and selling charts, together with the buying and selling quantity of every cryptocurrency. It additionally offers knowledge on the change charge, market value modifications, purchase or promote presents, and many others.

HitBTC Options

Our HitBTC overview has revealed the important thing options of the HitBTC change, reminiscent of:

HitBTC features
HitBTC options
  • HitBTC is likely one of the high international cryptocurrency exchanges by market liquidity, providing over 800 cryptocurrency pairs and a various vary of cryptocurrencies, together with numerous rising initiatives.
  • The HitBTC change doesn’t require any KYC verification to commerce Bitcoin or different cryptocurrencies.
  • HitBTC is likely one of the few exchanges that has by no means been hacked and is taken into account protected.
  • HitBTC costs low buying and selling charges; the maker price is 0.1%, and the taker price is 0.25%.
  • HitBTC offers a sturdy and user-friendly API, and merchants can make the most of their buying and selling bot that works properly with the platform API.
  • HitBTC offers a demo account for freshmen, permitting new merchants to check out the platform with out making any deposits.
  • Along with buying and selling cryptocurrencies, tokens, and ICOs, HitBTC presents marketplaces for fiat buying and selling, with USD and EUR buying and selling pairs. HitBTC is a platform the place each newbies and skilled merchants can commerce with ease. It was designed utilizing cutting-edge applied sciences to ship fast, safe, and reliable service.
  • HitBTC change has an associates program in place by which merchants can earn cash by referring others. It offers quite a few incentives to its associates, leading to a excessive passive earnings.

HitBTC Companies

A number of the companies HitBTC offers are:

Buying and selling Platform: HitBTC’s core providing is its buying and selling platform that provides advanced buying and selling choices, a slick consumer interface, and demo buying and selling accounts for individuals who aren’t able to danger actual cash buying and selling Bitcoin simply but.

OTC Buying and selling: HitBTC offers high-volume merchants with tailor-made OTC (over-the-counter) buying and selling companies in partnership with TrustedVolumes.com.

To be eligible for HitBTC’s OTC service, you will need to change greater than $100,000 for every commerce, and every transaction will likely be charged a 0.1% transaction price.

Token Itemizing: HitBTC is a widely known platform the place organizations launching their very own token can have it listed.

Margin Buying and selling: HitBTC offers cryptocurrency margin buying and selling utilizing the MetaTrader 5 Terminal for merchants wishing to leverage their trades.

API: HitBTC offers many APIs, together with programmatic buying and selling engine entry and the Monetary Data Change (FIX) API.

Easy methods to Register a HitBTC Account

Opening an account with HitBTC is simple, and the steps are outlined under:

1. Create an Account
HitBTC sign in
HitBTC sign up

You need to go to the HitBTC homepage and click on the sign-up button within the higher right-hand nook of the web page. The subsequent step is to enter your electronic mail handle and create a safe password. You need to present your full title, dwelling nation, and cellphone quantity. A verification hyperlink will likely be despatched to your electronic mail, and you will need to enter the code mirrored within the message to confirm your electronic mail.

2. Deposit Funds

Following account creation, you will need to log in to your HitBTC account and make a deposit. Whereas utilizing a financial institution switch to deposit funds, customers are required to undergo a prolonged verification course of. If you happen to deposit cryptocurrencies, you don’t have to show your id, and the funds will likely be obtainable in your account in lower than 20 minutes.

3. Buy Cryptocurrencies

When the deposited funds are added to the account, you’re all set to start out buying and selling. You’ll be directed to the buying and selling space after clicking the change button. You may enter the cryptocurrency you wish to buy on the buying and selling display screen and choose your favourite buying and selling pair. HitBTC options high-volume buying and selling, and the trades are executed in a matter of seconds.

HitBTC Verification Course of

Trading Contests on HitBTC
Buying and selling Contests on HitBTC

HitBTC options a number of ranges of verification – unverified accounts are known as starters, whereas verified accounts get an upgraded account standing. One important characteristic of the HitBTC change is that the consumer trades with out verifying their account.

To get verified, a consumer should submit the next paperwork:

  • Residential handle, metropolis, state.
  • Full title, start date, and nationality.
  • Proof of Id, reminiscent of a driving license, a duplicate of Authorities ID, or a passport.
  • Telephone quantity.
  • A selfie with an ID displaying the present date and the textual content “For HitBTC KYC.”

HitBTC requires you to undergo the steps described above to have an upgraded account. The account presents a number of benefits like two-factor authentication, low charges, and the flexibility to revive entry to the consumer account if passwords are forgotten.

One of many key advantages of the HitBTC buying and selling platform is the flexibility to commerce with out having your account verified. No private data is required if customers function with digital forex, however these buying and selling steadily and fiat forex are required to endure verification. Private data, together with title, handle, nation of residence, checking account, date of start, and pertinent scanned paperwork, should be offered for including or withdrawing funds.

HitBTC Evaluation: Charges

Our HitBTC overview has disclosed the straightforward price construction for patrons wishing to commerce cryptocurrencies on the HitBTC platform. The change doesn’t cost any charges for cryptocurrency deposits; nevertheless, there’s a price for putting orders and withdrawing funds from the location.

HitBTC Buying and selling Charges

The HitBTC charges are among the many lowest within the business. Unverified customers pay a maker price of 0.1% and a taker price of 0.2%. In the meantime, verified customers fall below HitBTC’s tier price construction, which determines buying and selling charges relying on the consumer’s buying and selling quantity over the past 30 days.

Maker fees
Maker charges
Taker charges

HitBTC Deposit & Withdrawal Charges

Relating to cryptocurrency deposits and withdrawals, HitBTC costs no charges for deposits. Nonetheless, withdrawals are topic to flat charges, which might be significantly expensive for some newly listed cryptocurrencies.

HitBTC Rebate Program

HitBTC has a rebate scheme for its market makers who provide the change with strong liquidity and obtain a 0.01% refund. If customers obtain a tier 10, i.e., in the event that they commerce 50,000 Bitcoin or extra every month, HitBTC will provide them a -0.01% refund on every accomplished commerce. If a dealer liquidates a buying and selling place to realize the liquidation value, HitBTC levies a liquidation price of 0.5% of the place worth within the quoted forex.

Easy methods to Deposit & Withdraw on HitBTC

To deposit funds into your HitBTC account, you will need to first create a pockets handle and click on the inexperienced deposit button. You need to select the right row and click on “fund” to obtain a pockets handle with numbers and letters, together with a QR code.

To withdraw cash, customers should first go to the “accounts tab,” then to the withdrawal column, which shows all crypto and fiat cash. If you wish to withdraw cash, you will need to first have cash in your main account after which click on withdraw. The HitBTC has no withdrawal restrict.

A starter account permits customers to start out buying and selling instantly, however the withdrawal limits are set at 1 Bitcoin per day and 5 Bitcoin per 30 days, with no verification required.

Easy methods to Purchase Crypto on HitBTC

Subsequent, our HitBTC change overview will look into buying and selling crypto on HitBTC. First, you will need to choose the principle forex from the chart’s header, adopted by the buying and selling pair. HitBTC offers a variety of buying and selling pairs for leveraged buying and selling starting from 3x to 12x.

Choose a forex from the chart’s record, and the web page will immediately refresh and show details about the chosen buying and selling pair.

HitBTC Orders Sorts

The platform offers the next order sorts:

  • Restrict Order
  • Market Order
  • Scaled Order
  • Publish Solely Order
  • Cease Order.

HitBTC Buying and selling View

All trades happen in the principle HitBTC dashboard. The buying and selling interface is fully customizable with the intention to manage the home windows in an order appropriate to you. It options the next:

  1. Graph/timeline displaying the forex worth.
  2. Supported cryptocurrency markets’ desk.
  3. Panels for putting shopping for or promoting orders.
  4. A panel displaying the consumer’s orders and trades.
  5. Graph displaying the depth of a cryptocurrency pair’s specific market.
  6. Two panels displaying the order books for purchasing and promoting a forex.
  7. A panel displaying a timeline of trades in a particular cryptocurrency pair (market historical past).
  8. Trollbox for chatting with different merchants.
Buying and selling XUC/BTC

HitBTC Supported Currencies and International locations

Supported Currencies

HitBTC has over 800 buying and selling pairs obtainable, together with Bitcoin, Ripple, Ethereum, Stellar, and many others. As well as, customers can entry future cryptocurrencies. Customers can select between crypto-to-fiat and crypto-to-crypto forex pairs.

Supported International locations

HitBTC has a world presence. Nonetheless, its phrases and circumstances state that individuals and residents, in addition to companies, from the next international locations, aren’t permitted to make the most of its companies:

  • Cuba
  • Crimea and Sevastopol
  • North Korea
  • Sudan
  • Syria
  • The USA of America
  • Another nation or area the USA of America has embargoed.

Whereas signing up on the platform, you will need to certify that you’re not a resident or citizen of any of those nations.

HitBTC Cell App 

Trades will also be happy to study that the HitBTC cell app for iOS and Android units is now obtainable. The app is accessible on each the Google Play Retailer and the Apple Retailer.

HitBTC mobile
HitBTC cell

HitBTC Demo Buying and selling

HitBTC change presents freshmen the prospect to apply buying and selling cryptocurrencies on its demo platform first. You may enroll and use the demo platform by deciding on the demo choice on the backside of the display screen or by getting into demo.hitbtc.com straight into your browser.

HitBTC footer
HitBTC footer

You need to create a special account for the demo platform. A trial account offers about USDT 4000 in cryptocurrency, permitting you to experiment with hypothetical portfolios and techniques or just familiarize your self with cryptocurrency buying and selling and the HitBTC platform.

Trading BTC/USDT
Buying and selling BTC/USDT

HitBTC Buyer Help

The HitBTC buyer help staff is accessible around-the-clock, and you’ll contact them by an internet help kind. Moreover, it offers customers with further choices listed under:

Nonetheless, the destructive opinions about HitBTC largely point out its poor buyer help and gradual withdrawals.


1. Is HitBTC Legit & Protected

HitBTC is considered a professional and safe platform because it employs numerous safety measures to safeguard customers’ funds and knowledge, reminiscent of two-factor authentication, chilly storage, and superior encryption expertise. Moreover, there isn’t any proof of a hack indicating sturdy safety.

2. Has HitBTC Been Hacked

No, HitBTC is among the many few exchanges that haven’t been hacked until now.

3. Can US Residents Use HitBTC

In accordance with its phrases of service, US residents aren’t permitted to make use of the HitBTC cryptocurrency change.

4. How A lot Time Do Withdrawals Take

HitBTC isn’t identified for its quick withdrawal timeframes. They will take three weeks or longer!

HitBTC Evaluations: Remaining Ideas

HitBTC is a widely known and safe cryptocurrency change with probably the most numerous cryptocurrency market choices and wonderful change charges. The change is comparatively easy to make use of; nevertheless, it’s finest suited to extra skilled merchants.

Nonetheless, as an unregulated nameless change in an obscure location, HitBTC does draw some criticism. Consequently, a mysterious change like HitBTC will all the time have many followers happy with its companies and numerous opponents dissatisfied with its lack of transparency.

Finally, all of it boils all the way down to you and your danger tolerance degree: Do you belief the change sufficient to deposit massive quantities of cryptocurrencies there? Or would you like a totally KYC-compliant, regulated change that will have increased buying and selling charges?

On this case, it’s higher to belief your instincts and keep in mind the golden rule – by no means commerce cash you’ll be able to’t afford to lose.

You may as well go to our CoinStats weblog to study extra about wallets, portfolio trackers, tokens, and many others., and discover our in-depth opinions on numerous cryptocurrency exchanges, reminiscent of BKEX, Bybit, Crypto.com, BitMEX, FinexBox, Binance, WazirX, and many others. Need to dig deeper? Uncover the origin of decentralized finance, blockchain expertise, and cryptocurrency with our articles What Is DeFi, Easy methods to Purchase Cryptocurrency, and extra.

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Cryptocurrency is a extremely risky market delicate to secondary exercise, do your unbiased analysis, acquire your individual recommendation, and solely make investments what you’ll be able to afford to lose. There are vital dangers concerned in buying and selling CFDs, shares, and cryptocurrencies. Between 74-89% of retail investor accounts lose cash when buying and selling CFDs. You must contemplate your individual circumstances and procure your individual recommendation earlier than making any funding. You also needs to confirm the character of any services or products (together with its authorized standing and related regulatory necessities) and seek the advice of the related regulators’ web sites earlier than making any determination.

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