Despite the reputation, HitBTC is one of the exchange platforms that use the most advanced algorithms and technology for their service. They market themselves as being both beginner-friendly and suitable for professionals. However, it is not likely that a total beginner would get around such a complex website such as HitBTC.
The platform offers fiat to crypto trade and in order to do that, a user must verify their account.
Furthermore, there are a lot of great crypto trading tools as well as great security and reasonable fees.
HitBTC puts a lot into the security and safety of the platform and the users. Users can set a 2FA (2-factor authentication) to every critical action. Furthermore, they can give the list of IPs which are connected to a specific account. This way, the platform will notify the user of suspicious activities.
What are the Users Saying about HitBTC?
There have been several reported issues of „disappeared money“ for the users who had assets on the platform several years ago and did not use the platform afterward. Apart from that, there is an overall dissatisfaction with the customer support.
HitBTC was founded in 2013 and the real founder has never been disclosed. It is unclear whether the company is in EU or Hong Kong right now. All of this raises a bit of suspicion, yet they are doing pretty well for now, but with a few controversies involved.
To sum up, HitBTC has the best technology but since their beginnings, they have been the subject of several hack attacks. Furthermore, their behavior is still a bit hazy and the lack of transparency leads to suspicion. However, they are not marked as a scam site and have a great daily volume even today, made by satisfied long-term users who like the fees and the anonymity that the platform provides.
If you decide to trade only with cryptocurrency, there is no need for verification. On the other hand, using fiat currency on the platform requires a thorough verification process which includes you sending a verification request to their email firstname.lastname@example.org.
You need to provide all your personal info, address, bank account info, proof of residence and even a proof that you are an owner of the bank account.
There are three types of accounts which differ when it comes to the limits:
- General account – 5,000 EUR worth of cryptocurrency can be deposited/withdrawn daily. Fiat currencies cannot be used with this type of account.
- Verified account – 25,000 EUR worth of cryptocurrency can be deposited/withdrawn daily. 2,000 EUR (or USD) limit on a weekly basis and 10,000 EUR (or USD) on a monthly basis for fiat currencies.
- Qualified account (only for big transactions) – 25,000 EUR worth of cryptocurrency can be deposited/withdrawn daily. 10,000 EUR (or USD) limit on a weekly basis and 50,000 EUR (or USD) on a monthly basis for fiat currencies.
The fee system is great and the market trades are usually charged only 0.1%. Also, there is a further 0.01% rebate on execution for the orders of the LP.
How Do I Withdraw My Money from HitBTC?
In order to withdraw cryptocurrency, go to the „Withdraw“ page. Make sure that you have enough assets of the amount that you wish to withdraw. Once you specify the desired cryptocurrency, you should paste the address of the wallet into the „address“ field.
Some cryptocurrencies require further info such as payment ID.
FIAT Deposit fee
CRYPTO Deposit fee
Fiat Withdrawal fee
Crypto withdrawal fee
SEPA 1% SWIFT 1%
SEPA 2% SWIFT 2%
BTC 0.00085 BTC BCC 0.0018 BCC ETH 0.00215 ETH ETC 0.002 ETC USDT 100 USDT STRAT 0.01 STRAT LTC 0.003 LTC DASH 0.03 DASH XMR 0.09 XMR BCN 0.1 BCN ARDR 1 ARDR STEEM 0.01 STEEM
HitBTC’s API can be found on their website and there are currently two versions of it. They provide an access to their trading engines and the traders can use API to improve their experience of trading.
other withdrawal possiblity
CRYPTO CURRENCYrate (Live via API)
FIAT Withdrawal limit
Crypto withdrawal limits
Verification needed for crypto trade
Verification needed for fiat trading
Turnaround amount 24h
BTC; ETH; XRP; XMR; DASH; ZEC LTC; BCH; BCN; XDN; ETC; NXT LSK; DOGE; EOS; XEM; BNT; NEO MAID; SNC; BTG; HAC; VIB; ARDR STORM; XTZ; EDO; IXT; TRX; STX EVN; EMC; ORME; TNT; XVG; LA CHSB; STRAT; NGC; W3C; ADX; VEN DCN; TAU; SC; CNX; VERI; MANA KBR; SKIN; JNT; DENT; SPF; BMC UGT; PRG; WRC; DGB; IDH; AIR AVH; NET; PLR; ZRX; CSNO; HDG SUR; HVN; PRE; DICE; ICOS; WAX MCAP; TIME; OMG; BTX; SWT; CND PPC; CL; WTC; B2X; MSP; BAR AE; LRC; COSS; LIFE; AEON; C20 EBTCNEW; DIM; EDG; DNT; ENJ; OTX REP; FUN; CLD; DCT; PPT; MYB IPL; QTUM; PLBT; ATB; HPC; XAUR ENG; RVT; VIBE; SUB; DGD; DBIX WAVES; SMART; DATA; ATS; TRAC FUEL; NEBL; PAY; SWFTC ATM; UTK; ICX; ARN; EKO; HGT GAME; BQX; LOC; UTT; CAS; FRD ERO; AMB; DOV; BTCA; IGNIS ETP; LEND; SMS; COV; CPAY STEEM; ATL; SNT; RKC; ZSC; GVT POE; ICN; BET; EVX; HSR; LUN PLU; POLL; XUC ;SNGLS; VOISE FYP; TKN; ANT; PKT; KMD INDI; CTR; QAU; MTH; DRT; BTM ODN; CFI; EBET; CAT; KICK; TKR TIO; GUP; EXN; CCT; ART; DLT PIX; ECH; CDT; WINGS; PRO; TAAS AMP; BOS; ETBS; QVT; CDX; AVT STU; GNO; EMGO; DRPU; CVC; CTX MCO; AMM; QCN; ELE; SNM; DSH FYN; NTO; OTN; TRST; 1ST; FCN; PING NXC; MNE; OPT; RLC; UET; IND SAN; OAX; ZAP; TIX; PTOY; SCL ZRC; TGT; BAS; SISA; SBTC; SBD YOYOW; NDC; DDF; STAR
SEPA Cryptocurrency Wire Transfer
Verified 10,000 $/€ Qualified 50,000 $/€
- Possible fiat/crypto currency exchange
- Detailed overview
- A lot of altcoins are supported
- Great fees
- Overall user dissatisfaction
- Suspicious behavior
- Not enough information provided about the founders