Bitcoin Exchange hitbtc Launches February 14th After $3m Investment

This exchange offers various digital currencies that include some of the most popular and leading cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc. Since 2013, the exchange has been providing markets for Ethereum, Bitcoin, Monero, Dogecoin, Litecoin, USDT, and other cryptocurrencies. In December 2017, the platform had a daily volume of over 500 million USD. In 2018, the platform entered the top seven largest cryptocurrency exchanges by trading volume. Though the company doesn’t enter the top 10 any longer, it still manages to maintain a high position despite the severe competition in the industry.

The exchange has highly liquid markets for trading digital assets, tokens, and fiat currency (USD, EUR, etc.). Once you’ve created an account, you can start trading cryptocurrencies immediately. No account verification is required to trade Bitcoin, Ether, or any other digital currency supported by HitBTC. The exchange provides the opportunity to conduct trades with more than 200 different cryptocurrencies, among which the WIZ token will take its own special place. In the days to come, its customers will be able to trade the WIZ token freely and without any obstructions.

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By your side 24 hours a day, our support team will assist you with any issue or question you may have. Make the most out of your trading bot with our leading API and its low latency data and execution feeds. CFDs are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made.

Another user has also voiced out frustrations like many others on when the trading account will be unblocked. They all have been complaining about this same issue which is the inability to gain access to their crypto funds. This is after they have complied with the requirements that were asked of by the crypto exchange platform. The agency has also warned some exchanges that have been operating in Japan without a license. Among them was Binance, the exchange whose 24-hour trading volume often tops the list of the world’s largest. On May 23, the agency sent a letter to Binance and its representative, CEO Changpeng Zhao, warning them about operating in Japan without a license. For the beginners, HitBTC exchange offers an opportunity to try and trade cryptocurrencies on its demo platform first.

Bitcoin Exchange Hitbtc Allegedly Bilks Traders In High

Overall, HitBTC is a secure exchange in terms of technology it uses to protect your funds. However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. On the contrary, it has a proven track record, operating in the industry for more than six years already. While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto. It’s important to note that HitBTC is an unregulated exchange, although it does comply with KYC and AML (anti-money laundering) regulations. It also values users’ data and privacy and is entirely GDPR compliant, as you can delete your data from the exchange at any time. In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance.

For most companies, products, assets, and services, the path to the top of any respective industry is usually not a straight one. HitBTC has one of the largest selection of cryptocurrencies with 887 live trading pairs on the exchange. In addition to the large selection of assets, they also support a healthy number of quote currencies that can be used for routing orders, executing arbitrage, and more.

Wiz Token Exchange Listing Announcement: Hitbtc & Idex

But for every negative review, there was a positive one from a trusted source. In general, the crypto crowd still stands by HitBTC as a good platform, even if it has support issues and is not user-friendly.

All-in-all, HitBTC has done an exceptional job building a lasting business. An update here and there to the UI would go a long way in taking this exchange into the next 5 years of its life cycle. We expect to see much more from the HitBTC team in the coming years. Even CoinMarketCap threw up their hands when looking at some of the assets on HitBTC. HitBTC now has one of the largest “Unverified Markets” lists on CoinMarketCap. With so many different assets, people may begin to question if there is a point at which an exchange has listed too many assets.

Bitcoin

Making deposits on HitBTC is quite simple, the site integrates Changelly, which allows you to purchase Bitcoin directly with your credit card. You can then send your purchased Bitcoin to the specific address listed on HitBTC’s exchange. A really interesting feature of HitBTC is their trading of ICO coins. At this time it’s not clear how selective the process is, but it seems like they are trying hitbtc review to differentiate from other exchanges by offering the lowest barrier to entry to get listed. HitBTC’s provides access to over 300 crypto currencies, including Bitcoin, Ethereum, Lite coin, Doge coin, Monero, and USDT. An added security feature is the option to whitelist a range of addresses that you trust in order to prevent anyone else withdrawing to an address that is not in your control.

HitBTC uses cold storage to secure the majority of its funds, and relies on advanced encryption technology to prevent important information from being hacked. Email notifications are also sent when your account is accessed from a different IP address. For the most part public sentiment favors HitBTC for their simple user interface and high volume trading. However, like any exchange, HitBTC has its positives and negatives that have been expressed by numerous traders.

Hitbtc Trading Platform

There has been a significant outcry on social media platforms and in the crypto space about this particular exchange. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. On the other hand, Streaming API allows you to access market data and trading operations and socket.io is a protocol that allows you to receive market data. Funding your account can take up to fourteen business days, while the withdrawal of funds can take up to twenty business days. This platform is best-known for being a robot-friendly exchange.

• As per the HitBTC reviews, the platform now has over $300m in trading volume.
• As more exchanges come under the scrutiny of regulators, verified accounts are slowly becoming mandatory.
• The community at large is still not sure of where they are actually located.
• Choose a wallet where you own the keys, and use cold wallet options like Paper wallets and hardware wallets whenever possible.
• “The world’s largest and most advanced cryptocurrency trading platform” —or so they say.
• If you miss one letter when you’re sending your coins from exchange to wallet, your coins will likely be lost forever.
• Some users claim they have been charged high fees whereas others have had no issues.

To sustain such a broad user base, HitBTC has adapted to provide multilingual support for its users. That way international customers can get rapid support without needing to struggle with a language barrier. Please note that our trading fees are among the lowest on the market. The exchange now offers users of both Android and iOS devices a comprehensive trade-on-the-go experience. Measurable Data Token aims to provide a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously. View HitBTC exchange statistics and info, such as trading volume, market share and rank. 2-factor authentication, advanced encryption technology, cold storage – we give you peace of mind when it comes to security.

If they are using a bank transfer to deposit funds, they should undergo a verification process which will take some time. If they are depositing using cryptocurrencies, the user need not verify their identity, and it takes not more than 20 minutes for the funds to show up in their account. Remember, If you do not want to pay trading fees on Hitbtc exchange, you should use limit orders every time you open and close your positions. In this case your trading fees will be equal zero and you will be getting rebates from each trade. Now, don’t forget to transfer your funds from your main account into your trading account before you can start trading.

As per our HitBTC review, if the user wants to trade cryptocurrencies, HitBTC charges a simple fee structure. However, there is no deposit fee for using cryptocurrency; it charges withdrawal fees for placing orders or withdrawing more money from the platform. The flat fees charged by the platform are highly competitive, which implies that this platform is suitable for high-frequency traders. The platform deploys sophisticated audited cryptography schemes that feature strict operational procedures along with user-specified limits and white-lists. Employing comprehensive custody architecture, HitBTC offers two kinds of custody for its users. One of them features top-level security for the top popular cryptocurrencies and all ETH-based tokens.

John Mcafee Doesnt Seem To Like Hitbtc Either

Trading can be done manually or via the API – the test mode is as responsive as the regular exchange platform. Qualifiedaccounts– In the final tier you do not need to pay for any crypto deposits.

So it would perhaps be best to get verified now before they require mandatory verification. On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit. HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS. Their core-matching engine includes superior order matching algorithms and real-time clearing.

Author: Joanna Ossinger