Where is HitBTC located? The platform is registered in the UK in 2013. HitBTC location is also there. Its owner is a large company HIT Solutions Inc. To launch the service, more than $ 6 million was collected, and its development was handled by a team of programmers from Estonia.
Now HitBTC reviews over 330 cryptocurrency pairs and constantly adds new ones. The most popular currencies here are Bitcoin and Bitcoin Cash, whose daily turnover exceeds $50 million for each.
The site interface has 2 languages: English and Chinese. The main page immediately shows us information about the most popular pairs with the possibility of sorting by several parameters. Click “View full list” to see the entire information.
Further, in this HitBTC exchange review, we will overview in detail how to get started with the platform and whether there is a HitBTC fraud.
How to use HitBTC?
The HitBTC exchange provides for 3 levels of verification: GENERAL, VERIFIED, and QUALIFIED. The first you get as soon as you activate your account. Deposits are not limited at any level, but the withdrawal on the first level is available only in the equivalent of 5,000 Euros and only in the cryptocurrency.
If you want to work with fiat currency, you need to pass verification. Contact support via email and give them the information that is presented below.
Now let’s look at HitBTC fees. Almost every HitBTC review says that the commission is 0.1% on instant transactions and 0.01% on deferred. In fact, this is a small misconception. For takers, the commission is 0.1% of the transaction value and this is true. But for the makers, there is a reward or “Rebate” in the amount of 0.01% for ensuring the liquidity of the market. Details can be found on the official website or see the information below.
Is HitBTC safe?
In order to understand “is HitBTC safe”, we will review how the exchange offers us to secure our account. First of all, there is two-factor authentication, which you can use to enter, withdraw funds, and change settings in your account.
A distinctive feature of the HitBTC is the automatic exit function. You can configure it for any time interval of non-activity. Another very convenient function “Terminate all session”, in case you’ve entered from other people’s devices and forgot to out. And also you can track the activity of the enters and all IP-addresses from which there was an activity.
There is no official information about any HitBTC down, but in some forums, users report such incidents. Most likely these are isolated cases and you should not be afraid of any HitBTC scam.
Summing up this HitBTC review 2018, we will try to highlight its main aspects.
- There are a lot of cryptocurrency pairs;
- Deposit and withdrawal in fiat currencies;
- Non-mandatory verification;
- Demo version for trading;
- High level of security;
- User-friendly interface with many tools;
- Low commission;
- There is the HitBTC API, which allows the use of bots for trading.
- There is no mobile application;
- The exchange has a smaller trading volume than many its competitors;
- Only English and Chinese languages are available;
- Periodically, there may be problems with deposit and withdrawal of currency.