HitBTC is a relatively old and seasoned crypto exchange that has been a part of this industry for almost a decade. Launched in 2013, the platform now stands as a go-to place for trading cryptos with unmatched ease. In addition, HitBTC supports many cryptocurrencies, ensuring you never fall short of choices.
HitBTC also provides traders with an extensive range of APIs to enhance their crypto trading experience. While the exchange offers services to many countries, its operations mainly focus on Europe. The platform also supports over 800 trading pairs to ensure you make the most of every opportunity that comes your way.
The best thing about HitBTC is that the platform was designed with all sorts of traders in mind. This allows traders to choose features and modes that best suit their trading requirements. In addition, the user-friendly interface and the platform’s simplicity eliminate all the hassle of your crypto trading.
HitBTC also takes numerous security measures that make your crypto trading a safe and secure experience. This is a crucial area you need to focus on because the number of cybercrimes in the crypto industry is only increasing. Also, HitBTC has never been hacked, so that’s always a plus on HitBTC’s end.
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Official Website | https://hitbtc.com/ |
Headquarters | Chile |
Founded in | 2013 |
Number of listed cryptocurrencies | 300+ |
Supported fiat currencies | None |
Allowed in the US | No |
Trading fees | Maker – 0.1%Taker – 0.2% |
Mobile App | Yes |
Withdrawal fees | 0.00085 BTC |
HitBTC is a relatively old and seasoned crypto exchange that has been a part of this industry for almost a decade. Launched in 2013, the platform now stands as a go-to place for trading cryptos with unmatched ease. HitBTC supports a wide range of cryptocurrencies, ensuring you never fall short of choices.
HitBTC also provides traders with an extensive range of APIs designed to enhance their crypto trading experience. While the exchange offers services to many countries, its operations mainly focus on Europe. The platform also supports over 800 trading pairs to ensure you make the most of every opportunity that comes your way.
The best thing about HitBTC is that the platform was designed with all sorts of traders in mind. This gives traders the flexibility to choose features and modes that best suit their trading requirements. The user-friendly interface and the platform’s simplicity eliminate all the hassle from your crypto trading.
HitBTC also takes numerous security measures that make your crypto trading a safe and secure experience. This is a very important area you need to focus on because the number of cybercrimes in the crypto industry is only increasing. Also, HitBTC has never been hacked by anyone, so that’s always a plus on HitBTC’s end.
HitBTC supports an extensive range of cryptocurrencies giving traders a huge range of choices. The platform currently supports over 300 different cryptos and 800 different trading pairs. With HitBTC, you get the opportunity to diversify your crypto trading portfolio and reduce risk to enjoy better returns. Some of the best-known cryptos you can find on HitBTC include:
AdEx Coin (ADX) | aXipre Token (AXPR) | Cardona Coin (ADA) | Dentcoin (DENT) | Emercoin (EMC) |
0x Protocol (ZRX) | Binance USD (BUSD) | Bytom Coin (BTM) | DigiByte (DGB) | EasyFi Token (EASY) |
AC Milan Fan Token (ACM) | Bitcoin (BTC) | CoinPoker (CHP) | Dash (DASH) | Enigma Token (ENG) |
ATLANT (ATL) | Bankera Token (BNK) | CRYPTO20 (C20) | DECENT Coin (DCT) | Ethereum (ETH) |
Banca Token (BANKA) | Bytecoin (BCN) | Civic Coin (CVC) | Cryptaur Token (CPT) | Firo Coin (FIRO) |
Besides, the platform is also open to the idea of accepting new crypto projects with great potential. This way, investors and traders who want to get hold of new and better crypto tokens are at a chance to make the most of their journey with HitBTC.
HitBTC has put a lot of thought into making the platform ideally suited for all sorts of crypto traders. The platform has many features and functionalities designed to simplify crypto trading for everyone by eliminating all the complexities of the processes. Of all these features, a couple stands out and makes what it is. So let’s check out some of the critical features HitBTC offers.
It is no secret that crypto exchanges generally favor makers as they add more liquidity to the market. Yet you can barely find any crypto exchange that typically rewards its makers for adding more liquidity. Some platforms might offer relaxation on trading fees, but that’s about it.
But besides relaxation on trading fees, HitBTC rewards its makers with a rebate of 0.1%. So the more liquidity the maker adds to the market, the better are their chances of better rebates to make their crypto trading even more profitable. This consequently also encourages more people to add liquidity, benefiting almost everyone.
Crypto trading means dealing with a very volatile market driven by numerous factors. An average trader has no control over any of these factors. But the best the trader can do is keep up with all the information and make the most of every opportunity. This is much easier said than done because access to real-time information can be challenging.
Given this concern, HitBTC provides its traders with a wide range of indicators that give them real-time information about the market. This makes it much easier for traders to make the right decision at the right time. You can access news, charts, exchange rates, transaction history, and much more with HitBTC.
Technological evolution is a trait that best defines the citizens of the 21st century. Nowadays, mobility is a big deal for people, who want the same, even trading their cryptos. Using HitBTC for trading means you need not sit on your desk for an entire day. Instead, you can use the HitBTC mobile app.
The HitBTC mobile app is available for Android and iOS devices, so convenience is never an issue with this app. Besides that, the platform has a highly interactive interface that makes it easy to trade cryptos without complications. This gives you the flexibility to trade cryptos even when on the go.
There are over thousands of cryptocurrencies currently available in the market. As a result, it becomes very challenging to determine when and if which crypto will perform better and which not. The best thing to do in these scenarios is to diversify your portfolio and leverage every little benefit possible.
This becomes much more challenging with exchanges that offer limited crypto selection. But that is not the case with HitBTC, as the platform supports more than 300 different cryptos. This gives you the upper hand in mitigating risks and amplifying returns whenever possible. In addition, HitBTC also gives you access to more than 800 trading pairs ensuring you never fall short of choices.
Baring the above-mentioned key features of HitBTC, the platform has much more to offer to enhance your crypto trading experience. Moreover, all these features and functionalities are designed with the trader’s convenience, ensuring they serve you much more effectively. So continue reading as we explore some of the additional features HitBTC offers.
HitBTC’s fee structure is among the most competitive in the market. The fees for unverified traders are fixed at 0.2% for takers and 0.1% for makers. But things are a bit more complex with verified traders where two factors play a crucial role.
The primary factor is the trader’s 30-day trading volume converted into Bitcoin, while the other is the average token balance over the past 30-days based on the daily balance at 00:00 UTC.
Let’s better understand this fee structure with the table that follows.
Tier | BTC (30-day Trading Volume) | Taker Fee | Maker Fee |
---|---|---|---|
1 | More than or equal to 0 | 0.07% | 0.07% |
2 | More than or equal to 10 | 0.07% | 0.06% |
3 | More than or equal to100 | 0.07% | 0.05% |
4 | More than or equal to 500 | 0.07% | 0.04% |
5 | More than or equal to 1000 | 0.06% | 0.03% |
6 | More than or equal to 5000 | 0.06% | 0.02% |
7 | More than or equal to 10000 | 0.05% | 0.01% |
8 | More than or equal to 20000 | 0.04% | 0% |
3 | More than or equal to 50000 | 0.03% | – 0.01% |
10 | More than or equal to 100000. | 0.02% | – 0.01% |
By the time a trader reaches the eight-tier trading more than 50000 BTC every month, they can also avail of a rebate of 0.1% on every completed trade.
When trading your crypto assets at 0.07%, you need not worry about any deposit fees. Traders can seamlessly fund their accounts with cryptos without any charges. But unfortunately, you cannot make any deposits using fiat currencies on the platform.
However, the withdrawal fees on the platform are predetermined. This fee does not change regardless of the number of cryptos you withdraw from the platform. For example, if you withdraw one BTC or a hundred BTCs, the withdrawal fees will be 0.00085 BTC. So make sure to withdraw funds in more significant amounts to save on withdrawal fees.
Security is one of the most important aspects of any reliable and trustworthy crypto exchange. HitBTC exchange has many such security features designed to ensure the safety and security of traders at all times. So let’s check out some of these features and understand how they can benefit you as traders on the platform.
Getting started with HitBTC is as easy as it can get. The platform only requires you to follow a few steps, and you will be ready to trade on the platform in no time. So continue reading to learn more about these steps and better understand them.
Step 1: Visit the HitBTC homepage or mobile app
Step 2: Click on the “Sign Up” button.
Step 3: Provide necessary basic details
Step 4: Verify your email and mobile number with the security code
Step 5: Provide further details to verify your account further and reap the benefits that come with the verification
Once you’ve followed the account, you’re ready with your HitBTC trading account. Start depositing funds into your account and trade your cryptos like a pro.
Customer satisfaction is essential for HitBTC, given the increasing competition in the crypto world. The platform takes several such measures that help them ensure unmatched customer satisfaction. In addition, low trading fees benefit every platform trader, ensuring they remain satisfied.
Besides that, the HitBTC mobile app makes it much easier and more convenient for traders to trade their cryptos even on the go. The usability and navigability of both the website and mobile app ensure a seamless trading experience. This easy-to-use interface also allows traders to eliminate all the complications from their trading.
The security features of HitBTC are also ideally designed to ensure traders have a safe and secure platform to trade their cryptos. Combining all these offerings, it is safe to say that HitBTC leaves no stones unturned when delivering unmatched customer satisfaction with ease.
HitBTC is one of the leading crypto exchanges currently available in the market. But that does not mean that it’s the only platform where one can trade their cryptos. In reality, numerous crypto trading platforms strive to offer their traders the best.
To make an informed and appropriate decision, a crypto trader, must know what other platforms offer. So let’s compare HitBTC with one of its leading competitors called Coinbase.
Both HitBTC and Coinbase are reliable crypto trading platforms for beginners. Both the platforms have a similar working model and allow their users to make the most of their trading experiences with the seamless functionalities over the platform.
However, while there are certain similarities, the platforms are also unique in certain instances. Here’s an example of the difference between the two platforms:
Criteria | HitBTC | Coinbase |
---|---|---|
Supported Cryptos | 300+ | 125+ |
Maker Fee | 0.1% | 2% |
Taker Fee | 0.2% | 2% |
Withdrawal Fee | 0.00085 BTC | Variable |
Credit | Yes | Yes |
Wire | No | Yes |
Allowed in the US | No | No |
Withdrawal Limits | Yes | Yes |
Launch Year | 2013 | 2012 |
Looking at this review, it’s evident that HitBTC takes up on Coinbase, primarily on the fee structure that the platform has. Besides, Coinbase also falls short of the supported crypto tokens and withdrawal fees, making HitBTC a clear winner!
As you might have realized by now, HitBTC is a great platform for trading your cryptos and generating great returns. But as with everything else, even HitBTC has some strong points and shortcomings that make the platform what it is. Therefore, you must clearly understand these shortcomings and vital issues to make an informed decision when choosing HitBTC as your preferred platform. So continue reading to get a better understanding.
Looking at this insightful review of the HitBTC exchange platform, it’s evident that the platform has done a commendable job at making the most of its user’s trading experiences. Besides, the advanced features and functionalities of HitBTC make it an exchange worth the experience. However, similar to the great functionalities, let’s not overlook the mediocre customer support that the users have previously experienced.
Therefore, if you’re a user who wants strong customer support from their exchange, HitBTC is not your platform. In this situation, you might want to sign up with a different platform. But when you do, ensure that you have read all the different terms and conditions they offer. All the best!
HitBTC only accepts deposits made through cryptocurrencies, and the platform does not support fiat currency deposits. But users can still buy cryptos from the platform and deposit the same to start trading without complication.
HitBTC was not one of those crypto exchanges that offered margin trading facilities. However, July 2020 was the first time a margin trading facility was made available on the platform. As a result, traders can enjoy 12x leverage on their margin trades.
A – HitBTC offers its crypto trading services to various countries across the globe. Unfortunately, the US is not one of those countries, and US residents cannot reap the benefits of HitBTC's services. There are many legal complications in the US, and HitBTC does not seem willing to comply.
A – Hacking has become a major concern for most crypto exchanges in the market. Some of the most renowned exchanges have fallen victim to hacking complications costing them millions of dollars. Fortunately, HitBTC is one of those few crypto exchanges that have not been hacked even once till now.
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