It has also received praise for high availability, uptime, and fault tolerance. HitBTC markets itself as the “most advanced Bitcoin exchange,” and it has a long history, in operation since 2013. HitBTC has the markets you need to trade such currencies as Bitcoin, Ethereum, Dogecoin, Litecoin, Monero, and USDT, among others. When such things hitbtc location take place, many users begin to question the exchange’s intentions and publish negative reviews on numerous websites and social media. These delays in fixing tech problems may harm the people’s trust in the company and worsen the trading experience. These orders give an opportunity to sell or buy the chosen instrument at the market price .
Users have reported funds disappearing from their accounts. Taking all of this into account, we believe HitBTC users are expressing valid and frightening concerns. Let us first say, we always take online user complaints with a grain of salt. In general, it seems exchange users are quick to yell “Scam” when experiencing any issues.
Hitbtc Security Measures: Is Hitbtc Safe?
HitBTC’s dependable API is extremely stable and will satisfy the needs of algorithmic traders and provides an easy back office integration. It is compatible with HFT set-ups, and algorithmic trading systems.
At this time it’s not clear how selective the process is, but it seems like they are trying to differentiate from other exchanges by offering the lowest barrier to entry to get listed. They recommend using 2-factor authentication when signing up to strengthen your account’s security. You can activate it when logging in, withdrawing funds, Ethereum and adjusting settings. They are certainly one of the most established, operating since 2013 with over $6m in venture funding and a $300m trading volume. The team consists of software developers, finance professionals and experienced traders. HitBTC is a crypto currency exchange owned by HIT solutions Ltd, which is based in Hong Kong.
However, unregulated anonymous exchanges in obscure locations do attract their share of critics. As a result, a mysterious exchange like HitBTC will always have many supporters who are happy with its services, as well as numerous critics who are disappointed with its lack of transparency. The withdrawals hitbtc location typically take several minutes and mostly depend on the network speed of the cryptocurrency being withdrawn. HitBTC also offers personalized OTC (over-the-counter) trading services for high-volume traders. Over the counter traders take place as a result of a partnership with TrustedVolumes.com.
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It is bad to loose money whilst trading, but stealing your hard earned money is more painful, and I don’t wish anyone to suffer that or learn in the hard way. Take my advise and don’t keep your money in an exchange, alternatively you may external wallet which is controlled by you and not an exchange. There are some disadvantages in this exchange, but all in all it is not bad. It’s not just a case of the exchange malfunctioning and breaking down.
I threw in a small amount of 40 XEM to exchange for another coin. As a result, they cannot even be withdrawn now, the commission is 102 XEM.
At the same time, they can also choose to automatically log out of all sessions at a selected, regular interval. While such fee structure works for large-volume hitbtc location traders, it may be irritating for small traders dealing with small amounts of crypto. HitBTC trading fees are among the lowest in the industry.
The chat option is always over 1000 people in the que and their email is unresponsive! I need to get in contact as I’ve have been scammed and a scammer is using your platform to do this!!! I tried using the recommendation from someone in one of the comment section that I should forward my grievances to Mrs 330 [email protected] hoo! and behold, I was able to get all my money back in less than 48 hours. I don’t agree with the way this review says there’s sketchyness around hitbtc, you can say that about every exchange lol.
Another issue that a lot of users wouldn’t realize until they trade. Back in 2016, HitBTC was one of the select few exchanges that existed.
Get KYC verified before doing business to avoid withdrawal problems, moreover make sure to set up 2fa and your whitelists. If a platform gives the option to have a good security, USE IT!
Hitbtc Review: Why This Exchange May Be A Scam
And the exchange without transferring all your passport data cannot be done. https://tokenexus.com/hitbtc-review/ Money has been stolen on this site and I can’t get through to anyone !
You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer. I’m not a professional crypto investor, but my husband kinda is.
I have changed the third transaction on the exchanger DASH to Bitcoin yesterday. The transaction was a long time, I wrote them on Facebook, I immediately https://tokenexus.com/ replied that they have problems and that everything will work in an hour. They didn’t lie, everything changed, everything is normal now.
It is sadly a case that the exchange is acting in a dishonest way and it has become very obvious to many coin communities. Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in fintech space. With many new trustable and reliable exchanges, not to mention brilliant ones, out hitbtc location there, HitBTC definitely doesn’t fit the bill. The HitBTC channel on Reddit is full of unresolved customer complaint and a lot of them are reporting disabled account, frozen funds, and many similar issues. For many currencies, HitBTC added a rule for many coins to be traded in the divisible of 10 or 100. This create a major issue and leave a lot of dust in our HitBTC account.
The registration will be complete once the customer verifies their email via a clickable link in an E-mail sent by HitBTC. It is highly recommended users set up proper security measures to keep their account safe. As of 2019, HitBTC is available in over 90 countries, translated in 5 different languages. They’re wanted by the authorities in the country they claim their business is in. They make their site look legitimate by letting smaller users complete most transactions while freezing larger accounts for reasons.
- This is unacceptable as a majority of crypto exchanges have implemented segwit and now the withdrawal fees has gone down by a significant amount.
- Despite being widely used, we’re currently avoiding the exchange due to a number of concerns expressed by its users.
- HitBTC is one of the world’s largest cryptocurrency exchanges and offers a huge variety of altcoins to trade.
- In this HitBTC review, we’ll explore the complaints of its users and compare it to the leading competitors.
- Margin trading – For traders who want to leverage their trading, HitBTC offers cryptocurrency margin trading through the MetaTrader 5 Terminal.
- At the time of updating on 12th April 2018, the BTC withdrawal fees is 0.01 BTC.
Transfers funds from the master account to sub-account or from sub-account to the master account. The HitBTC API development team strives to bring the best trading experience to API users. This manual contains a set of best practices for using the API as efficiently as possible. Our terminal is built on the best technology and lets you trade effortlessly any of the Demo HitBTC currency pairs. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
Website Interface For Hitbtc
They might mess up payments here and there, sometimes are slow in responding and even more so in resolving issues – but you do get your money in the end. I’d been waiting for 2 weeks to get my BTC withdrawal, which was cancelled in the end. The support team suggested me to be patient I got my money in 3 days. So just be patient, follow up closely with them and don’t despair.
The final fees and totals are not known from the beginning because the price is going to vary while the order is open. Another interesting feature that can be especially helpful for people who do their first steps in cryptocurrency trading or in using HitBTC API is demo mode. It requires the use of the demo API keys and allows the practical learning of the use of the RESTful API. Briefly, it is safe to say that the exchange favors makers over takers. Takers get charged while makers not only avoid paying fees, but can be even rewarded for their trading activity. HitBTC is based in Hong Kong and has offered a safe, secure, reputable trading platform since 2013.
Lots of scammers out there, doesn’t hurt to be extra careful, you never know who has your logins. If you do not pass the KYC process you can still send coins to and from the exchange, but the amounts are limited. Users without verification can send up to 1 BTC daily and 5 BTC monthly worth of altcoins out from HitBTC as a withdrawal. The website interface is something that newbies might not like. It is filled with all the information a seasoned trader would need, but could be too much information for a new person who just came into Bitcoin trading.