Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider your own circumstances and obtain your own advice before making any investment. Due the number of supported coins that HitBTC lists on its platform, the exchange is also useful if you are looking to engage in day trading. However, the platform offers a number of advanced features within its main trading area, so you’re best off doing this only if you are an experienced trader. Launched way back in 2013, HitBTC is one of the oldest cryptocurrency exchanges in the industry. The platform allows users to buy, sell and trade hundreds of different cryptocurrencies, 24 hours per day.
- For one, there was the ire that they have attracted from cryptocurrency trader “Sicarious”.
- Users can find more information on API and API documentation on the website.
- But for every negative review, there was a positive one from a trusted source.
- Meanwhile, verified users fall into HitBTC’s tier fee system, which determines trading fees based on the user’s trading volume during the past 30 days.
- The withdrawal fees will vary from token to token, and you can see the full list for yourself once you have made an account.
- However, for verified users, the fees drop significantly, making HitBTC’s fees absolutely cheapest on the entire market in terms of crypto trading.
Yes, the HitBTC platform has mobile apps for both Android and iOS platforms. The HitBTC Android App and the HitBTC iOS App carry the same features as the HitBTC exchange platform with a more portable-minded service. If the user wants to withdraw funds, they need to go to the account section, choose the coin and click the withdraw button. They need to specify the amount they would like to withdraw, which immediately shows how much they will receive after calculating the commission. When they have transferred funds to the trading wallet, they can proceed with trading.
How to Verify Your Account on HitBTC
If you’re looking for an exchange that accepts credit cards, this one is it. Competitive commissions, margin trading, and transparent compliance are all reasons for choosing this platform over HitBTC.Read our Cex.io Exchange https://www.tokenexus.com/ Review. 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.
It is one of the largest exchanges currently in operation, averaging more than $250 million per 24 hour trading period. On the technical side, it has been described as having very good fault tolerance. The ‘main account’ is designed to be a place where you can store your cryptocurrency funds.
Why is HitBTC so Popular with Traders?
Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. If you want your account to be extremely secure make sure to create a strong password. Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. The most recommended cold wallets include Ledger and Trezor.
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. HitBTC exchange offers beginners the chance to practice trading cryptocurrencies on its demo platform first. You can sign up and use the demo platform by selecting the demo option at the bottom of the screen or by entering demo.hitbtc.com directly into your browser.
I am happy to share my positive experience
I was advise to opt out fortunately i read about an expert on a forum that can help with refund. I reached out to Markkcoy via (telegram) and i amazed how they made the best out of my situation… CFDs and other derivatives are complex instruments and come with a HitBTC Review high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. We use dedicated people and clever technology to safeguard our platform.
Recent Comments