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Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. These issues are not insurmountable, but they are definitely more confusing that many new users are willing to tackle. That’s why alternatives like eToro give users a much easier way to profit from cryptocurrency investment. HitBTC is a European crypto exchange, and for a few years played an important role in this market by accepting fiat payments and transfers. HitBTC even accepted fiat payments from some non-European countries, offering access to a host of new users who were not served by HitBTC’s well-known competitors. The key reason for this is that we cannot ensure your funds are in safe hands.

• However, if you’re a newer user, you might think this is a bit strange.
• Some of the most notable ones include BTC, BCH, LTC, ETH, ETC, EOS, DASH, XMR, ZEC, PAX USDT, and many others.
• Still, there are some glaring issues that need to be addressed as soon as possible.
• If you want to deposit funds using a bank account, you will need to go through a verification process.
• Remember, in order to deposit fiat currency, you must get verified.
• Account security issues aren’t escalated or dealt with appropriately to their severity.

Users are able to enhance their exposure to the crypto market by placing margin-backed trades, which entail trading via borrowed funds. Through this strategy, traders can increase the value of their deposit through the means of collateral, thereby accessing a higher profitability potential. Margin trading is extremely risky however, as users must cover any loss caused by falling crypto prices.

How to Deposit & Withdraw on HitBTC?

The exchange is also a magnet for many new (and sometimes shady) token offerings. However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable. In terms of Trading fees, HitBTC comparably offers lower fees than BingX. BingX is a regulated Exchange under multiple countries’ laws making it an accessible and reliable Exchange among users compared to HitBTC for crypto trading.

This can look quite intimidating if you’ve never traded before. On the right side of the trading screen, enter the coin that you want to buy, and then click on your chosen trading pair. Although we would suggest using a safer cryptocurrency exchange, if you do want to open an account with HitBTC, we’ve created a simple step-by-step guide. We’ve shown you how to register, deposit funds, and make your first trade.

Thank you for stealing my money

There is a plethora of charting functionality, analysis tools as technical indicators. The MT4 platform is no doubt one for professional traders who do a great deal of technical analysis. Making deposits on HitBTC is quite simple, the site integrates Changelly, which allows you to purchase Bitcoin directly with your credit card. You can then send your purchased Bitcoin to the specific address listed on HitBTC’s exchange.

The main company’s goal is to introduce crypto traders to the most advanced technologies. HitBTC is one of the popular European bitcoin exchange platforms that was founded back in 2013 and started with a 6 million USD Venture Capital investment. On paper, the withdrawal process should be as easy the deposit process. Start by selecting the Deposit icon from the top right corner of your screen. You’ll need to have an external wallet setup for each cryptocurrency you wish to withdraw. If you’re planning on holding them for a while, it’s a good idea to invest in an offline hardware wallet.

HitBTC Fees and Limits

Margin trading, margin funding, and a suite of order types all appeal to experienced traders. HitBTC exchange allows users to experience real-time professional trading without depositing a single cent. This is possible thanks to the exchange’s demo account system, which provides free access to most of the platform’s services. Designed as an educational and training platform, users can seamlessly try out new strategies or cryptocurrencies without exposing themselves to any risks whatsoever.

They pretend to care, meanwhile, the help they provided is not genuine help and just seemed to be aimed at throwing up so many roadblocks that you’d eventually throw in the towel. If not for megcodyrecuperatee.com that intervened and helped me recoup my funds from them, I would have lost everything. Furthermore, there is no evidence of a hack indicating robust security.

It’s important to point out that there is no financial service in the world which is completely trustworthy. As years go by, even the best banks and financial services get old, corrupted, or irrelevant. https://www.tokenexus.com/ It’s up to the consumer to manage their funds carefully, even when using financial services like HitBTC and other crypto exchanges. The first way to stay safe is to read reviews from diverse sources.

It’s unclear where the company is headquartered, who currently owns it, or if there are any financial auditing practices in place. CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner. HitBTC Review They will confiscate/steal your crypto if you are not active on their platform. I can’t waste much time here anymore, have decided to do everything I want to do now with Ėåśÿbėę,they have a good management team, and arguably one of the best now. HitBTC was designed to function as a worldwide exchange, but national regulations make it inaccessible in specific countries and territories.

For unverified users, HitBTC fees similar to the ones we find on other popular exchanges like Binance or Bittrex. However, for verified users, the fees drop significantly, making HitBTC’s fees absolutely cheapest on the entire market in terms of crypto trading. The HitBTC exchange is considered a legit & safe trading platform as it has included many security features to protect its users.

• His passion is to empower communities across the African diaspora through the blockchain.
• As I am a holder, I kept a certain amount of cryptos in my wallet.
• If the user wants to trade with HitBTC, they should add funds to their account first; they can go to the account section where their fund balances are displayed.
• HitBTC supports almost 800 different crypto assets on its exchange.
• I am already impressed and I can’t wait to explore more of their services.