HitBTC Review How I Lost $3000 dollars and counting .. 2022 updated

16 Sep HitBTC Review How I Lost $3000 dollars and counting .. 2022 updated

Fill in the required fields, like destination address, etc., and then confirm your withdrawal by checking the email that will be sent prior to your withdrawal. Go to your trading terminal then and choose your preferred trading pair from the “Instruments” section to set up your first order. Still, there are some glaring issues that need to be addressed as soon as possible. The answer here will be similar to what has already been discussed so far. Still, it does offer a couple of security tools that may warrant some discussion. For instance, there is 2FA, the ability to terminate every session and automatically log out, among others, which can secure the funds in your account.

One specific example of this is when users couldn’t complete any operations with Metaverse ETP funds. By not allowing users to control their own funds and shutting down/freezing certain coins, HitBTC runs the risk of creating continuous issues for some traders. HitBTC has a good reputation as a place for professional traders, but negative reviews abound. Users have complained about everything from support to withdrawal times to lack of location transparency (are they in London or Hong Kong?!).

Most Viewed Crypto Guide ????

On HitBTC, “Takers” are charged with a 0.1% fee from the trade. “Makers” are not charged with a fee, and instead receive a 0.01% rebate from the trade. According to their website, Hitbtc is located in Hong Kong, with their offices in Chile too.

• In general, they employ state of the art cryptography for your security.
• Despite these red flags, my personal experience with HitBTC remains positive – the exchange does its job, even though high withdrawal fees weren’t a pleasant experience.
• It is fair to say that judging by user reviews, customer support speed is the main drawback of the exchange.
• All you need to do to get started is register a Bitcoin account, deposit some funds, and then proceed with your cryptocurrency purchase.
• You can activate it when logging in, withdrawing funds, and adjusting settings.

Like most normal humans I don’t constantly check terms and conditions to look for changes. The support team has been in communication with you regarding your issue. After HitBTC Review more than 4 months of being stuck in HitBTC’s KYC process and their constant demands for more information I finally managed to withdraw my assets from HitBTC today.

Unresponsive support team

Note, if you provide an incorrect digital wallet address (even if you make a mistake of just 1 letter/number), then the withdrawn coins cannot be returned! Depending https://www.tokenexus.com/ on the personal monthly trading volume they enjoy the smaller fees as the volumes get bigger. Takers trading at the 1000 BTC level or more pay only a 0.05% fee.

• HitBTC has teamed up with Weltrade to offer cryptocurrency traders an alternative to the HitBTC web platform.
• To qualify for HitBTC’s OTC service, you must exchange over USD 100,000 per trade.
• The counterparts agree on the price between each other, no matter what the market prices are at that moment.
• Some people even refer to crypto margin trading as madness.

Please note that users have to create a separate account for the demo platform. In this program, you will receive around 4000 USDT (Fake money) worth of cryptocurrency. Using that, you can experiment with strategies and portfolios. HitBTC exchange offers a Demo platform to try and trade cryptocurrencies for users who are beginners. To experience the demo trading, users can register themselves and access it.

OTC Trading

Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. The most recommended cold wallets include Ledger and Trezor. The reason why they’re so secure is because your private keys are stored offline. 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. Please note that HitBTC is not the only platform to implement the inactivity fee policy.

I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about. Whenever I claimed a new coin from one of these Bitcoin forks, I would immediately sell it on HitBTC. Visit our recommended platform to buy crypto by clicking the button below. You can find a graph of market depth below the trading page. Green – how much crypto was bought, red – how much was sold.