You must go to the HitBTC homepage and click the sign-up button in the upper right-hand corner of the page. The next step is to enter your email address and create a secure password. You must provide your full name, home country, and phone number. A verification link will be sent to your email, and you must input the code reflected in the message to verify your email. To be eligible for HitBTC’s OTC service, you must exchange more than $100,000 for each trade, and each transaction will be charged a 0.1% transaction fee. HitBTC was established in 2013, in Hong Kong, as Hit Solution Limited.

Hitbtc Review: OTC trading

We totally understand how frustrating it must be to not be able to withdraw your DOGE for such a long period of time. I am sorry to admit that in this case we need a while longer to complete the work on DOGE wallet. I’d also like to pay your attention to the fact, that while withdrawals are closed during the maintenance, trading functionality https://www.tokenexus.com/ for your account was and is available at that moment. HitBtc was a very good site earlier when I opened account and they have provided various unique coin to trade. Due to change in my work nature I could not trade for few years. Hitbtc has changed rules and start deducing my hard earned money automatically without my knowledge.

Worst support ever!!

Something that many exchanges offer is an affiliate program where you can refer other traders and earn a commission off of their trading. Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals. For the most part public sentiment favors HitBTC for their simple user interface and high volume trading. However, like any exchange, HitBTC has its positives and negatives that have been expressed by numerous traders. They make it so complex for you to withdraw your funds, they charge fee for not trading (being inactive from exchange) without letting you know. They have robbed from my account worth hundred of dollars.

• The other way that crypto users can keep themselves safe when using these companies is to never keep their coins on the exchange.
• On March 23, 2023, HitBTC listed Arbitrum (ARB), a popular long-anticipated token of the Arbitrum blockchain.
• What’s more important is that people who have to wait for the support team response, eventually get this response.
• Both exchanges support plenty of trading pairs and provide high accuracy thanks to high liquidity and strong matching engines.
• While HitBTC was initially designed to serve as a fiat-enabled cryptocurrency exchange, it has removed many of its fiat integrations due to regulatory concerns.

Exchange Fees and Supported payments

So it would perhaps be best to get verified now before they require mandatory verification. This was slightly disconcerting for us as customer support is often one of the biggest sticking points as slow customer often really hampers client satisfaction. On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit. 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.

• However, the company has a negative cloud around it in terms of its online reputation.
• Once they are issued, the IOU’s are converted to real tokens that can be withdrawn or deposited.
• Choose a wallet where you own the keys, and use cold wallet options like Paper wallets and hardware wallets whenever possible.
• It does however not offer deposit via fiat currencies (wire transfer or debit/credit card).
• For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.

The company behind HitBTC is called Ullus Corporations. Decentralization and DAO structures can enhance security, reduce the risk of single points of failure, and promote transparency and community participation. However, centralized exchanges often provide greater efficiency, liquidity, and user-friendly interfaces. hitbtc reviews Today, I’ll introduce to you HitBTC, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies. One of the categories that separates HitBTC apart from most exchanges is its number of available currency options.

• Trading fees for traders with verified accounts on HitBTC are lower than on Binance.
• As soon as the deposited funds show up in your HitBTC account, you can make your first trade.
• Cryptocurrencies are becoming more popular every day and many are looking for how to exchange fiat money for cryptocurrency.
• The next thing you should do after this is change your password so the bad actor won’t be able to log in one more time.
• Otherwise how on earth you can remember the transaction you did.

As the exchange striving to satisfy all possible needs of its customers HitBTC couldn’t avoid providing such a feature as OTC trading. OTC (or over-the-counter) trading is a service allowing to trade apart from the public order book. OTC trades don’t affect the monitored market and are not influenced straight by the market prices. On September 20, 2021, the exchange has introduced a new feature Perpetual Futures Trading. Perpetual futures have no expiration date so the opened positions can stay active for as much time as needed. For some assets, traders can use up to 75x leverage.

BIG SCAM! Even 1 start is to much.

They recommend using 2-factor authentication when signing up to strengthen your account’s security. You can activate it when logging in, withdrawing funds, and adjusting settings. HitBTC brands itself as a highly advanced exchange for a variety of Altcoins including DASH, ZEC, EOS and BTS. Their core-matching engine includes superior order matching algorithms and real-time clearing.