Changing customer passwords so people can’t login and then taking forever to get the details again. The whole system is designed so they benefit from your money. If you choose to proceed anyway, you’ll be taken to the withdrawal window and asked to enter in the amount you wish to withdraw and your destination address.
- There’s no getting around it, HitBTC has awful customer support.
- This slow customer support is also not ideal when it comes to verifying your KYC documents.
- As far as trading fees are concerned, Bitget‘s offers are lower in every category if you use BGB (the native token of the Exchange) for fee settlement.
- The service is accessible via bequant.io and is dedicated to Institutional and Professional traders only.
- Like most major exchanges, HitBTC encourages users to take precautions when creating and securing their accounts.
- Takers trading at the 1000 BTC level or more pay only a 0.05% fee.
You can enter the cryptocurrency you want to purchase on the trading screen and select your favorite trading pair. HitBTC features high-volume trading, and the trades are executed in a matter of seconds. At first glance, it is easy to see why HitBTC is responsible for some of the largest trading volumes in the crypto exchange industry. HitBTC Review Not only does the platform support more than 300 coins and over 800 trading pairs, but fees are highly competitive. However, upon further analysis, we cannot endorse HitBTC as a credible exchange. One of the most important aspects of a centralized cryptocurrency exchange like HitBTC is the number of supported altcoins.
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Getting Started
Most common problems people have complained about are withdrawal delays and inexplicable loss of funds. Like many other huge exchanges, HitBTC has a problem with the support team response delays. It doesn’t happen all the time, however, some users complain that they have to wait for their queries to be answered for hours or days.
- Ultimately, you should spend some time assessing whether you feel comfortable depositing your hard earned money with a platform that has no regard for regulation.
- We don’t know why HitBTC has started to suffer, and we don’t know what’s going on within the company itself.
- You should consider your own circumstances and obtain your own advice before making any investment.
- Account security issues aren’t escalated or dealt with appropriately to their severity.
- The withdrawal process for HitBTC is the same as the deposit.
- However, according to an official HitBTC customer service representative on Reddit, “there is no daily limit at HitBTC”.
On HitBTC, « Takers » are charged with a 0.1% fee from the trade. « Makers » are not charged with a fee, and instead receive a 0.01% rebate from the trade. This is because you are “taking” the price you want right now (removing the liquidity from the books) by buying or selling limit orders sitting on the books. HitBTC did experience a hack in 2015, but have been mostly secure ever since. In front of the desired coin, click on the arrow to transfer money from the “Main Account” to the “Trading Account”.
HitBTC vs Coinbase
OTC trading allows users to perform high-volume trades without going through the public order books. It means that you make your deal directly with the counterparty without affecting the market price of the coin or token. You can also go to the ‘Markets’ page to view all the latest prices and trading volumes of the last 24 hours for the crypto currencies available. HitBTC’s pairs each Altcoin with USDT (Tether), Bitcoin or Ethereum. They are certainly one of the most established, operating since 2013 with over $6m in venture funding and a $300m trading volume. The team consists of software developers, finance professionals and experienced traders.
I reached out to Markkcoy via (telegram) and i amazed how they made the best out of my situation… All i wanted was to make an exchange on their platform but ended up with held funds for months and agents who kept lying to me even after i let them know i had a sick child that needed it. I had to consult with fortechester to aid in wresting back my assets. Only way i escaped the sad loop this platform brought upon me. On the top right-hand corner of the main screen, you’ll view several icons.
Can I deposit with PayPal on HitBTC?
Wouldn’t crypto exchanges want to keep their service quality high in order to get more business? Well, it’s not as simple as that, and there are more than a couple https://www.tokenexus.com/ of reasons why an exchange like HitBTC might start to suck. For those looking to deposit fiat directly via HitBTC, this option is apparently no longer available.
Furthermore, there is no evidence of a hack indicating robust security. Next, our HitBTC exchange review will look into trading crypto on HitBTC. First, you must pick the main currency from the chart’s header, followed by the trading pair. HitBTC provides a wide range of trading pairs for leveraged trading ranging from 3x to 12x. For issues that require users to email the support team, there have been complaints online about very slow response time (taking weeks and even months before an issue is resolved).
