about

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.

 

Safety

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.

 

Review

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.

 

Conclusion

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.

verification

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 [email protected].

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.

 

Limits

There are three types of accounts which differ when it comes to the limits:

  1. General account – 5,000 EUR worth of cryptocurrency can be deposited/withdrawn daily. Fiat currencies cannot be used with this type of account.
  2. 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.
  3. 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.

fees

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.

  • trading fee

    FIAT Deposit fee

    CRYPTO Deposit fee

    Fiat Withdrawal fee

    Crypto withdrawal fee

  • NO

    SEPA 1% SWIFT 1%

    NO

    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

api

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.

details

  • FIAT currency

    CRYPTO CURRENCYSUPPORT

    SWIFT Deposit

    CARD Deposit

    CARD withdrawal

    swift withdrawal

    other withdrawal possiblity

    CRYPTO CURRENCYrate (Live via API)

    TRADING LIMITS

    MARGIN TRADING

    MARKET TRADING

    FIAT Withdrawal limit

    Crypto withdrawal limits

    mobile app

    Verification needed for crypto trade

    Verification needed for fiat trading

    Verification Documents

    Country Origin

    Turnaround amount 24h

    Traffic (SimilarWeb)

    API

  • USD; EUR

    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

    YES

    NO

    NO

    NO

    SEPA Cryptocurrency Wire Transfer

    NO Limits

    NO

    YES

    Verified 10,000 $/€ Qualified 50,000 $/€

    NO Limits

    YES

    NO

    YES

    unknown

    $472,000,000

    33,200,000 visitors

    YES

advantages

  • Possible fiat/crypto currency exchange
  • Detailed overview
  • A lot of altcoins are supported
  • Great fees

disadvantages

  • Overall user dissatisfaction
  • Suspicious behavior
  • Not enough information provided about the founders