Further, the copied address must be pasted into the column “Recipient address” in the wallet from where you transfer funds. It remains to wait for the funds to be credited and you can start bidding. On the right side are presented forms for registration and a button to enter your personal account, if you are already registered. The team anonymity and the lack of clearness about the headquarters location make some individuals distrust the platform. However, the website definitely states that the Hit Tech Solutions Development is based in Seychelles and the exchange has its rep office in Chile. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you.
Step 1: Hitbtc Signup Process
Whether these comments and criticisms are warranted is hard to determine. However, our https://www.tokenexus.com/ would not be complete if we did not cover these points. In any event, you should never leave a large amount of coins on an exchange irrespective of its reputation. Lastly, you can only buy and sell coins that are divisible by 100, 1,000 or 10,000. This is not ideal especially for those smaller traders who want to trade the more expensive coins.
Top Spot Exchanges
You can also use the MetaQuotes coding language to develop your own trading bots. In fact, you could probably code more effective bots with the MetaQuotes software as you have access to all of the indicators and market inputs right out of the box. 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.
Unresponsive support team
A starter account allows users to start trading immediately, but the withdrawal limits are set at 1 Bitcoin per day and 5 Bitcoin per month, with no verification required. Regarding cryptocurrency deposits and withdrawals, HitBTC charges no fees for deposits. However, withdrawals are subject to flat fees, which can be particularly costly for some newly listed cryptocurrencies.
- To experience the demo trading, users can register themselves and access it.
- It is known for offering a comprehensive trading interface, a range of cryptocurrencies, and features suited for both novice and experienced traders.
- Another issue is that sometimes certain coins are “stuck” in the exchange due to technical issues.
- In the final category of our HitBTC review, let’s examine the overall customer service experience.
- If a trader liquidates a trading position to attain the liquidation price, HitBTC levies a liquidation fee of 0.5% of the position value in the quoted currency.
- Simply click to confirm your email address and you’re in.
Another security feature is the opportunity to create a whitelist of withdrawal addresses. This move will forbid withdrawals to the addresses that are not included in the list. If the account gets hacked, thieves won’t be able to cash out.
No personal information is required if users operate with digital currency, but those trading frequently and fiat currency are required to undergo verification. Personal information, including name, address, country of residence, bank account, date of birth, and pertinent scanned documents, must be provided for adding or withdrawing funds. Both exchanges support plenty of trading pairs and provide high accuracy thanks to high liquidity and strong matching engines.
- 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.
- Many cryptocurrencies that aren’t available on other popular exchanges can be found on HitBTC.
- The OTC desk on HitBTC is provided in partnership with Extendeddealer.com.
- However, when it comes to withdrawal fees, Binance turns out to be more democratic.
- Only then can the better exchanges rise to their deserved level of prominence.
Depositing using the bank account requires a complete verification process, which takes time. On the other hand, cryptocurrency as a deposit method will only take 20 minutes or so for the funds to show up in your account. Other than this, users can deposit and withdraw HitBTC Review to HitBTC using most of the supported cryptocurrencies. Deposits are processed after at least once confirmation is received, whereas withdrawals are theoretically processed instantly. Deposits and withdrawals may be delayed if the HitBTC security system is triggered.