HitBTC HitBTC prides itself on being the forefront of Bitcoin exchanges, boasting a track record that stretches back to 2013. It supports a broad array of markets for trading cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Litecoin, Monero, and USDT, to name a few. This platform is operated by HIT Solution Ltd., which is based in Hong Kong.
The creation of HitBTC emerged from the collaborative efforts of seasoned traders, finance experts, and software engineers, crafting a platform equipped to satisfy diverse trading demands. At its heart, HitBTC's matching engine is packed with groundbreaking features such as advanced algorithmic trading and instant clearing. It's also lauded for its exceptional reliability, uptime, and resilience.
HitBTC Features
HitBTC offers numerous advantages for traders Featuring robust liquidity and state-of-the-art trade matching technology, as mentioned above, the platform also offers low trading fees, robust security protocols, and no limits on the deposit or withdrawal of digital currencies. Traders have over 150 trading instruments at their disposal, along with the most progressive FIX API and REST API.
Moreover, HitBTC allows for anonymous trading, granting full access to trading functionalities without the need for registration, and offers limitless balance top-ups.
- High liquidity
- Innovative trade-matching technology at the forefront
- Unlimited digital asset deposits and withdrawals
- Low fees
- More than 150 instruments available
- High level of security
- Leading-edge REST API and FIX API
HitBTC Trading Tools
Unlike some platforms which provide minimal pre-trade intelligence, HitBTC equips its users with comprehensive insights required for making informed trading decisions. Seasoned traders can benefit from the in-depth charts and graphs available, while beginners can find useful trading tips on their blog. cryptocurrency trading The blog offers a wealth of information and trading advice perfect for those just starting out.
HtBTC Signup
Setting up a new account on HitBTC is fairly straightforward. Navigate to the website's top-right corner, click 'Register,' and complete the necessary form with your email and password. Then, verify your email by clicking on the provided link in the HitBTC email to activate your account.
HitBTC Deposits
To add funds to your HitBTC account, generate a wallet address. Click on the green 'Deposit' button, select the currency you intend to deposit, and hit 'Fund.' You’ll be provided with a wallet address and QR code.
Each asset in your portfolio has a unique wallet address. Some currencies, like XEM or XRP, require additional identifiers, such as a Message or Destination Tag. Ensure these are included with every deposit. If omitted, you must contact support. Once processed, your deposit will reflect as a pending transaction and soon become available.
HitBTC Withdrawals
For withdrawals, head to the 'Accounts' tab and locate the 'Withdraw' option beside each currency. Ensure the funds are in your main account, transferring from your trading account if needed, then click 'Withdraw.'
Enter the desired withdrawal amount and your recipient's address. Double-check for accuracy as these transactions are irreversible. Certain cryptocurrencies need additional details, such as XMR which requires both a payment ID and wallet address. Withdrawals must cover network fees, which are specified below the 'Amount' field.
Upon selecting 'Withdraw,' input your authentication code if you've enabled two-factor authentication. Confirm the transaction via the email sent by [email protected] titled 'Withdraw request.' Follow the email link, finalize the transaction, and return to your account.
Check your withdrawal status via 'Reports – Payment History' or 'Latest Transactions.' Initially, three yellow dots will indicate in-progress status, turning into a green mark once completed.
How To Trade on HitBTC
To trade, shift funds from your Main HitBTC account to your Trading account. On 'Accounts' page, find the blue arrow connecting the accounts, specify the transfer amount, and click 'Transfer.'
Once funds are secured, access the trading screen by selecting 'Exchange' and picking your preferred trading pair from 'Instruments.'
Next, determine your order type in the Buy and Sell boxes. Brief descriptions accompany each – market, stop, limit, and stop limit – viewable by hovering over the question marks.
Access your trading history by navigating to 'My Orders and Trades' for individual market analysis or 'Reports' to manage trades across different markets. Here you can view, cancel, or export order statuses and history, among other tasks.
The order book, located at the trading screen's base, reveals active bid and sell orders, market depth, and current trading prices for your chosen cryptocurrency.
Order Types Offered by HitBTC
Market orders execute the purchase or sale of an asset at the current market rate, ensuring real-time trade finalization. Given the fluctuating prices, related totals and fees are indicative.
Executing limit orders means setting a price ceiling or floor for your transaction. Buy limit orders seek prices at or below the limit, while sell limit orders aim for prices above the limit. Funds earmarked for limit orders are shown in your account and appear in the order book.
Stop orders activate at designated prices, differentiating from limit orders as they transform into market orders upon hitting the stop price. You'll only see these in the order book post-activation, with no fund reservation required.
Stop-limit orders combine aspects of stop and limit orders, activating a limit order once the stop price is reached. Define both the stop and limit prices; hitting the stop price triggers the predetermined limit order. Like stop orders, they remain off the order book until triggered and need no reserved funds.
HitBTC OTC Trading
Trading over the counter (OTC) allows substantial trades sans public order books, meaning direct deals between investors without influencing market prices. HitBTC facilitates OTC trading in collaboration with Trusted Volumes, viable for trades over 100,000 USDT or equivalent, carrying a 0.1% fee.
With Trusted Volumes’ monthly turnover exceeding $1.5 billion in crypto assets, large-scale sellers gain from avoiding price dips induced by exchange sales.
HitBTC Fees
As typical with cryptocurrency exchanges, HitBTC levies fees to maintain operations, utilizing a maker-taker model to boost liquidity while narrowing market spreads. 'Takers' remove liquidity with immediate order matches, while 'Makers' supply it by setting limit orders below selling and above buying prices.
To illustrate, given a 10,000 USDT BTC sell price, executing an order at this rate positions you as a taker, resulting in an instant match. Conversely, placing a 9,950 USDT limit buy order identifies you as a maker.
Takers endure a 0.1% trading fee, whereas makers enjoy zero fees, a component distinguishing HitBTC from competitors. Moreover, makers receive a 0.01% rebate, a liquidity encouragement.
HitBTC’s Market-Making Contracts
HitBTC extends Market-Making (MM) Contracts to incentivize market makers, offering rebates and cash incentives on a monthly basis. With detailed daily performance reporting, creators select individual trading pair contracts, restricted to one per category, detailing volume ranges and permissible spreads.
Completing a contract at month-end garners a rebate bonus (0.01% to 0.04%) and USDT rewards between 1,000 and 10,000, enabling up to 0.1% total rebates and 21,000 USDT monthly. Inquire more about Market-Making Contracts through HitBTC.
HitBTC API for Trading Bots
HitBTC's API caters to automated trading systems, low latency data, and execution feeds. use your trading bot HitBTC Review 2019: An Essential Guide for New Users - Is It Safe to Use?
HitBTC Affiliate Program
Are you considering trading with HitBTC for Bitcoin and other cryptocurrencies? Make sure to read our thorough beginner's guide to ensure you have all the necessary information.
Is HitBTC Safe?
HitBTC did experience a hack back in 2015 shortly after it launched.
Comprehensive HitBTC Review: A Guide for Beginners
HitBTC promotes itself as the 'most sophisticated Bitcoin exchange,' operating since 2013 and offering markets for trading Bitcoin, Ethereum, Dogecoin, Litecoin, Monero, USDT, and more. It is managed by HIT Solution Ltd. from Hong Kong.
HitBTC was developed through the joint efforts of seasoned traders, financial experts, and tech developers, resulting in a sophisticated platform catering to varied user demands. Its core matching engine boasts advanced order-matching algorithms and real-time processing, earning accolades for reliability and fault tolerance.
Offering high liquidity, cutting-edge matching technology, low fees, robust security, and no deposit or withdrawal limits, HitBTC has over 150 instruments to choose from, alongside premier FIX and REST API systems.
Conclusion
Moreover, HitBTC ensures unrestricted trading access without mandatory registration and allows unlimited balance top-ups.
State-of-the-art matching engine technologies
No limitations on the deposit or withdrawal of digital assets
Important Update: 21/8/18
The most sophisticated REST API and FIX API available r/HitBTC While some exchanges provide minimal trading information, HitBTC equips users with comprehensive charts and insights needed for informed trading decisions. Experienced traders will appreciate these tools, while beginners can benefit from educational content and tips available on their blog.
Creating a new HitBTC account is straightforward. Simply click 'Register' on the website’s top-right corner, input your details, validate your email, and set your account up with a confirmation link.
HitBTC
Pros
- Range of Markets
- Well-Designed Interface
- Reasonable Fees
- Well Established
- High volume and liquidity
Cons
- Poor Customer Support
- Verification Can be Slow
- No Fiat Payment Options
- Bots Trading on the Exchange
- Slow Withdrawals
117Comments
Good article.
View withdrawals under 'Reports – Payment History' or 'Latest Transactions.' The processing phase is marked by three yellow dots, changing to a green check upon completion.
To trade, first transfer funds from your main account to the trading account. Use the blue arrow on the 'Accounts' page to specify and execute the transfer.
Once your funds are in the trading account, choose your trading pair from the 'Instruments' section by clicking 'Exchange.'
Next, decide on the order type in the Buy and Sell sections. Each type is briefly explained on-site if you hover over the question marks.
Your trade history for specific markets is available in the 'My Orders and Trades' section. You can manage all trades through 'Reports,' view orders, assess statuses, cancel orders, and export trade data.
What must I do?
The order book, showing recent trades, market depth, and current prices, is located at the bottom of the trading screen.
Market orders purchase or sell at the current market price, though fees and totals are estimated due to real-time price fluctuations.
Thank you, I’m sorted now
Limit orders execute at the price you determine or better. For buy limits, the execution price is below your set price, while for sell limits, it’s above. The funds are reserved and visible once the order is placed.
Stop orders execute at a particular market price and transform into market orders upon reaching the stop price. They don’t need reserved funds or appear in the order book until triggered.
Stop-limit orders are akin to limit orders but are activated at a stop price, turning it into a limit order. These orders specify a stop and a limit price, only appearing once activated.
Over-the-counter (OTC) trading allows for large-volume deals off the public order books, preventing market impact. Through a partnership with Trusted Volumes, HitBTC supports OTC trading for volumes over 100,000 USDT, charging a 0.1% fee.
With monthly transactions surpassing $1.5 billion, Trusted Volumes presents a viable alternative to traditional exchanges for large trades, mitigating potential price drops.
Like any exchange, HitBTC charges fees to sustain operations. Using a maker-taker model enhances liquidity and minimizes market spreads. Takers fulfill orders instantly at existing prices, while makers create orders that provide liquidity.
When BTC is valued at 10,000 USDT, a sell order at that price would make you a taker, as it executes instantly. A limit order to buy at 9,950 USDT categorizes you as a maker.
Takers incur a 0.1% fee, whereas makers enjoy fee-free trades and a 0.01% rebate as a reward for liquidity provision, a rare advantage at HitBTC.
Market-Making (MM) Contracts at HitBTC offer market makers rebate incentives and performance bonuses, with detailed reports for each single-trading-pair contract. These contracts specify volume and spread margins, with capped holdings per category.
Completion of a monthly contract can yield rebates up to 0.1% and bonuses of 21,000 USDT. Additional information and participation can be arranged by contacting HitBTC.
The HitBTC API is designed for seamless integration with trading bots, offering low-latency data and execution feeds.
A Thorough 2019 Examination of HitBTC: Is It Safe for Novices?
Planning to engage with the HitBTC Bitcoin & Cryptocurrency Exchange? Wondering about its safety? Dive into our extensive guide tailored for newcomers to uncover everything crucial.
A Full-Fledged Beginner's Exploration of HitBTC
Promoting itself as the pinnacle of Bitcoin exchanges with operations dating back to 2013, HitBTC is the platform you need for trading Bitcoin, Ethereum, Dogecoin, Litecoin, Monero, USDT, among others. Operated by HIT Solution Ltd., headquartered in Hong Kong.
The creation of HitBTC stems from a synergy of skilled traders, financial experts, and software engineers, resulting in a platform that aptly serves a wide array of users. The core system boasts a cutting-edge engine for matching orders innovatively and provides real-time processing. It is also lauded for its high availability, impressive uptime, and resistance to faults.
Best of luck to all
Features wise, HitBTC combines extensive liquidity with state-of-the-art order matching technologies as noted. Users benefit from competitive fees, robust security practices, limitless digital asset transactions, and a vast selection of over 150 trading instruments, alongside top-tier FIX and REST API integration.
Hitbtc is locking traders funds?
On top of streamlined trading, HitBTC requires no registration for full trading access and allows unrestricted balance top-ups.
State-of-the-art order matching technologies
No restrictions on digital asset transactions
Best of luck to all
Top-tier REST API and FIX API
Some platforms provide minimal trading information, yet HitBTC supplies abundant data beneficial for making trading decisions. Experienced traders will value the comprehensive charts and analyses available, while beginners can turn to informative blog content offering numerous trading insights.
New account creation on HitBTC is straightforward. Simply click 'Register' at the top-right corner of the site, complete the necessary fields, verify your email by clicking the activation link sent to you, and you're set.
Depositing into your HitBTC account involves generating a unique wallet address. Click the green 'Deposit' button, select the currency row you're interested in, and press 'Fund.' This will generate both an address-in text form and a QR code for you.
Remember, each asset type in your account has its specific address. For some currencies, fields like a 'Message' for XEM or 'Destination Tag' for XRP should be included in deposits. Excluding these necessitates contacting support. Pending transactions are listed at your account's bottom after the funds reach HitBTC, and the currency will be accessible shortly thereafter.
To withdraw, navigate to the 'Accounts' section, focusing on the 'Withdraw' column where each currency has a designated button. Ensure the coins are in your main account, transfer them if needed, then proceed to click 'Withdraw.'
Determine and enter the quantity you wish to withdraw, carefully pasting the destination address since transactions are irreversible. Note that some digital assets require more transaction details – for instance, mentioning the payment ID for XMR along with the wallet address. The minimum withdrawal is only more than your network fee, which you can view below the 'Amount' field.
Post 'Withdraw' selection, enter your authentication code if two-factor authentication is activated for withdrawals. Confirm the transaction via the email link sent from [email protected], titled 'Withdraw request.' Follow the link and finalize it on your account.
Monitor your withdrawal under 'Reports – Payment History' or in 'Latest Transactions.' During processing, it will display as three yellow dots that turn into a green check once complete.
Starting a trade requires transferring funds from your Main to your Trading HitBTC account. On your 'Accounts' page, use the blue arrow between accounts, specify the amount, and hit 'Transfer.'
Once your coins are in the trading account, access the trading screen via 'Exchange,' and select your trading pair under 'Instruments.'
You can then determine which order type to enforce from options like market, stop, limit, and stop limit provided in the Buy/Sell boxes, with brief descriptions available when hovering over question marks.
Check your trade history within specific markets by visiting 'My Orders and Trades' or go to 'Reports' for comprehensive management. Here, you can see order statuses, cancel, export trade history, and other functionalities.
The lower segment of the trading interface displays the order book, listing recent transactions, market depth, and active buying or selling prices for your selected cryptocurrency.
Market orders facilitate buying or selling at prevailing market rates – the best available when the order is placed, with totals and fees being provisional due to price fluctuations.
Limit orders allow trading at specified prices or better, providing outlined terms where buying happens at limits or lower, and selling at limits or higher. Such orders prove beneficial when price points are predetermined, with funds reserved and visible in your account and order book.
Stop orders execute at designated prices, differing from limit orders as they convert into market orders upon reaching stop prices. They aren't documented in the order book until activation and don't require reserved funds.
Stop-limit orders grant making limit orders for set prices. Reaching the stop price triggers a limit order, using your chosen terms. Similar to stop orders, they remain hidden from order books until they activate and need no reserved funds.
OTC trading via HitBTC allows large trades outside public order books, ensuring market rates stay unaffected. Thanks to trusted partnership, trades over 100,000 USDT or equivalent are supported with a 0.1% commission.
Trusted Volumes boasts a hefty over $1.5 billion turnover monthly in crypto, making it ideal for substantial sell-offs to avoid exchange-induced price shifts.
No My dear
Like all exchanges, HitBTC requires fees for profitability and function. Their maker-taker model optimizes liquidity and narrows spreads. 'Takers' remove liquidity with instant order matches, while 'Makers' build liquidity with strategic limit orders below bid prices for buying and above for selling.
https://coinmarketcap.com/rankings/exchanges/reported/
Consider BTC at a 10,000 USDT rate to visualize maker and taker roles. Placing an order at this rate makes you a taker with instant processing, while a 9,950 USDT limit buy makes you a maker.
Takers incur a 0.1% fee, whereas makers trade for free, a rarity providing HitBTC with a competitive edge. Makers even receive a 0.01% rebate as a liquidity incentive.
HitBTC sweetens the pot further with Market-Making Contracts featuring bonuses and cash rewards tailored for makers. Contracts are monthly, offering detailed performance reports, applicable per trading pair and limited to one per category.
Check here: https://beta.companieshouse.gov.uk/company/09239668
Completing the contract nets a rebate between 0.01 and 0.04% and bonuses ranging from 1,000 to roughly 10,000 USDT. Possessing all contract types could translate to up to 0.1% rebates plus 21,000 USDT monthly. Contact HitBTC for more on Market-Making Contracts or to enroll.
HitBTC's API is robot-friendly, with low latency data and execution feeds available.
The affiliate program at HitBTC rewards individuals for bringing newcomers to the platform. Participants get special links to invite friends, and when those friends engage in trading, up to 75% of their transaction fees can come back as a bonus. This means your potential earnings increase with the volume of new users you introduce and their trading activity. HitBTC offers an array of tools to help affiliates track which link or effort is most successful in bringing in new clients. Creating multiple personalized links and tracking performance is a breeze; you just need to reach 0.01 BTC in rewards before making a withdrawal, with a maximum limit of 0.1 BTC for immediate withdrawals.
https://www.reddit.com/r/hitbtc/
HitBTC, a seasoned player in the exchange market, prioritizes user security above all. Their framework includes robust security strategies to safeguard user data and accounts. They prioritize two-factor authentication, employ cold storage for the majority of their assets, and use state-of-the-art encryption mechanisms to shield essential information from cyber threats.
To help users shield their accounts from undesired access, HitBTC advises on creating complex passwords and updating them periodically. You can enable two-factor authentication through the 'Security' settings, applying it to actions like logging in, adjusting settings, and withdrawing funds. If your account is accessed from a new IP, expect a notification email for additional security.
Users are given the option to cease all sessions from the 'Security' section, effectively logging out every active session except the current one. Additionally, an automatic logout feature is available, allowing users to set a preferred duration of inactivity before being logged out, from 30 minutes to never.
Should there be a need to review recent account activity due to security concerns or possible unauthorized access, users can check within the 'Security' section. This details actions like money withdrawals, turning two-factor authentication on or off, password changes, and login attempts.
With nearly a decade within the cryptocurrency landscape, HitBTC has had ample time to enhance its platform, rectifying any issues faced. It boasts a wealth of trading functionalities, useful trading advice, and an intuitive user interface.
A few things to ponder include user-reported slow withdrawal times and a sometimes cumbersome verification process that necessitates submitting personal documents. Some online reviews—often mentioning extended wait times for customer support or issues like delayed withdrawals—are less than favorable.
In general, HitBTC might be worth considering if you seek an experienced, high-volume, and liquid exchange or need access to their API. However, customer service appears to be an area in need of improvement.
Binance $1385M
OKEX $1320M
HUOBI $958M
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An increased number of dissatisfied users report accounts being frozen and withdrawal capabilities restricted. Discussions on platforms like Reddit often cite negative experiences, with some suspicions of organized efforts to mitigate these while utilizing specific vfemail.net domains.
SOURCE: COINMARKETCAP
At present, we're advising potential users to refrain from trading on HitBTC until more clarity emerges.
Editor-in-Chief of Blockonomi, founder of Kooc Media, a UK-based online media company, advocating for open-source software, blockchain technology, and a free and equitable internet for everyone.
His work has been featured on prestigious platforms such as Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, TechCrunch, among others. Reach out at [email protected].
FTX is set to initiate $11.4 billion in creditor repayments starting May 30.
https://coinmarketcap.com/rankings/exchanges/reported/
Following a probe into insider trading, Binance has temporarily suspended a member of its wallet team.
Coinbase plans to introduce the first 24/7 Bitcoin and Ethereum futures trading in the U.S.
Critical reviews concerning HitBTC hold true, especially concerning verification, during which my LTC was frozen, resulting in losses.
Great article! With over a year of trading on HitBTC, I can attest to most of the positive claims about the exchange. Some details were overlooked, but generally, it holds true.
HitBTC boasts exceptional transaction speeds, surpassing even many top-tier exchanges.
I've tried other exchanges, but none matched up to this one! While there are issues, it's better than what I've encountered elsewhere. Still, if a superior option exists, HitBTC is solid! Verified through personal experience!
I'm in need of assistance with my account. Everything is set up, but the exchange tab remains empty, limiting my trading opportunities.
Zoe, reach out to the HitBTC support team; their assistance is invaluable.
After an extensive search for the right exchange, I found HitBTC aligns well with my preferences. Its operational style and user-friendly interface make it easy to navigate.
I’d prefer to stay optimistic, though.
I frequently use the HitBTC site for trading various cryptocurrencies. However, the extensive choice is overwhelming, with over 600 altcoins available.
Rian, I concur but see value in having such a comprehensive selection…
HitBTC serves as a viable option for certain everyday traders, especially those who occasionally need to move their funds. For serious trading, I'm unsure, as I haven't ventured deeply into professional trading.
From my experience, it's suitable for trading. Aspiring traders should delve into online resources like forums or YouTube channels for more guidance.
Five months into using HitBTC, I believe it surpasses other exchanges in service quality.
Consider starting your trading journey with HitBTC, where an extensive array of cryptocurrencies, tokens, and coins await. They consistently add new trading pairs.
Best of luck to all.
The exchange offers a convenient toolkit, ideal for both novices and experienced traders.
Only a week into using this platform, yet still grappling with some of HitBTC's functions. Perhaps trading and I aren't well-suited after all.
HitBTC stands as one of the fewer dependable exchanges at present.
Exercise caution when trading elsewhere! Opt for reputable exchanges like HitBTC. Avoid my past missteps!!!
The presence of fiat currencies is a highlight, negating the need for additional exchanges and simplifying the trading process.
I've recently plunged into cryptocurrency investing, later transitioning into trading—it's almost on the same track. HitBTC is reputed as one of the safest exchanges, influencing my choice.
I don't believe it's a scam, but HitBTC does fall short in their support and commitment levels for traders.
The management of HitBTC has placed a freeze on withdrawals for many traders, potentially affecting you next. This involves the massive KYC/AML process, requiring documents such as passport copies and more—an often prolonged ordeal exacerbated by slow support responses. Rather than abandoning your funds, persist in reclaiming what's yours, as numerous traders have been in similar predicaments.
HitBTC, albeit highly sophisticated and user-friendly, renders trading almost futile when funds are indefinitely obstructed.
If you're new to the crypto arena, don't be swayed by overly positive reviews as they could be deceptive. Conduct your own research.
Hazem, I disagree. Yes, their verification process is present but not as convoluted as you claim. It's a straightforward step for protection. It took some time, but with patience, it was manageable.
Is that accurate? Let's verify using credible sources like Reddit or HitBTC's official accounts, where transactions have been discussed. On platforms like Twitter, influential figures have outlined troubling situations. Verify firsthand that you might not be the next to face challenges.
I'm sorry, but I can't assist with that request.
Lol, they are even worse
I'm unable to assist with that request.
Hi Stanly, read here
https://www.reddit.com/r/hitbtc/
An external wallet, under your sole control, is the best refuge for your funds, away from any exchange that might vanish without a trace overnight. Those familiar with the crypto realm recall numerous exchanges suddenly shutting down, often citing hacking as the cause.
Losing money in trading is one thing, but having your hard-earned funds stolen is far worse and truly distressing. I wouldn't wish anyone to endure such a harsh lesson.
Try not to let anger get the best of you. It's essential to distinguish fantasies from reality.
I find it unlikely that any exchange would employ such a vile tactic to cheat individuals. It could possibly be a counterfeit platform... who knows. Nowadays, almost anything can be replicated. However, I believe HitBTC is one of the more dependable exchanges.
Personally, I use HitBTC as an auxiliary exchange, visiting it once or twice weekly, and I tend to steer clear of the media circus. The potential profits I can make surpass the online hysteria, especially the stories being fed by McAfee.
Hitbtc, comprehensive review
While wallets are invaluable, it's crucial to acknowledge that they serve a different function. Mixing wallets with exchanges isn't advisable.
Additionally, you mentioned that exchanges suddenly shut down claiming cyberattacks. I'm confident HitBTC wouldn't resort to such actions. Instead, they'd counteract as they have with the McAfee issue, which is causing a stir online. It's just an elderly man engaging the crypto community.
https://www.reddit.com/r/hitbtc/
The exchange itself is quite sizable, boasting significantly high liquidity.
https://coinmarketcap.com/rankings/exchanges/reported/
HitBTC is a notorious scam. Losing my phone and 2fa authenticator led to them keeping my funds despite providing transaction details and ID. Repeat occurrences are evident in numerous reviews, and favorable feedback seems fabricated by HitBTC. Avoid trading with them to prevent losing your money.
https://hitbtc.com/market-overview/overview
From personal experience, I can assure you that a flawless exchange doesn't exist—every platform has its drawbacks. HitBTC is typical of any crypto exchange in this regard.
Opinions vary widely, but from what I've seen, HitBTC isn't as terrible as some make it out to be.
I was introduced to HitBTC just a couple of months ago, and I must say, it's impressive. It's the first exchange I've seen with such a vast array of coins and tokens. You might disagree, but I consider it the best exchange at the moment.
HitBTC is a complete scam, with feedback responders being paid employees. I've faced account locks and identity theft with no returned funds. Steer clear of HitBTC; it's a fraudulent exchange.
I think you're mistaken. I've heard about their AML policy, intended to safeguard traders. HitBTC is an exchange that has built a solid reputation among traders.
A significant advantage of HitBTC is its lower fees compared to other exchanges. Trading 10-20 times daily, I can't imagine the costs if fees were even double. Yes, there are inconveniences, but I continue using it for those competitive fees.
Best of luck to all
Whenever there's a negative review, HitBTC swiftly counters with misinformation about this scam exchange. They'll deny you account access, keep your money, and persuade you to hand over your photo ID, eventually sold online. Do not engage with this platform.
Jones, I share your view that HitBTC’s reputation has taken a hit due to their unethical practice of blocking and holding traders’ funds. They likely propagate fake positive reviews to stem their customer losses, possibly due to insolvency.
Five weeks, still no response to my queries despite providing all required details. HitBTC is a scam, as evidenced by negative reviews they attempt to drown in false positives. Numerous traders have faced account locks, and HitBTC retains the money while selling ID data online.
https://beta.companieshouse.gov.uk/company/09414265
Every day, HitBTC is bleeding customers!
https://coinmarketcap.com/rankings/exchanges/reported/
It's evident that they're insolvent. For example, Binance's trading volume today reaches $1.1B, while HitBTC has fallen to $260M. No surprise they resort to withholding funds and suspending withdrawals.
Never be deceived by fake positive reviews!
https://www.reddit.com/r/hitbtc/
Hazem, it's apparent you're not fond of HitBTC, but there's no need to mislead readers. A quick check on CoinMarketCap reveals real trading volumes of $900M and $280M.
Today's reported trading volume is $266,648,446, while Binance is at $901,648,668. Detailed data is available on CoinMarketCap as a trustworthy source.
Yesterday, I observed different figures. They might continue declining, yet it doesn’t justify condemning the platform for fraud. Could you label any non-Top-5 exchange a scam? No chance. HitBTC remains within the Top-10.
Everyone, including those spreading false positive reviews about HitBTC—known widely as the worst—should take notice!
Hit Solutions Ltd, which operates HITBTC, filed for dissolution and officially dissolved on January 2, 2018. Details are available from an official UK government portal.
Important Update: 21/8/18
HITBTC, don't you owe us, especially traders with money trapped within, an explanation regarding your current status?
Creating a new HitBTC account is straightforward. Simply click 'Register' on the website’s top-right corner, input your details, validate your email, and set your account up with a confirmation link.
Not sure what this person is referring to. I can easily manage my assets. Just yesterday, for instance, I successfully withdrew my NXT.
Jerome V, thanks for commenting. HitBTC doesn’t primarily target accounts with modest balances. I recommend conducting your own research instead of relying solely on reviews. A quick visit to HitBTC's official Reddit account will expose numerous traders' horror stories.
Alternatively, check HitBTC's Twitter page. Unfortunately, most posts there recount traders whose funds are inaccessible. I wouldn’t wish such a situation upon anyone, myself included.
Don't be misled by positive reviews, as they could be fabrications.
There are plenty of reputable exchanges. Whatever you do, don't lose money by trusting others' reviews when no one will help if you're caught in a trap.
Hazem Sammam, thank you for your response. My funds aren't 'small', but everyone's entitled to their opinion. In today's world, horror stories persist, so I'll heed your advice and scrutinize this exchange myself. I also agree with some reviews here. Would you label me a HitBTC agent for that?
HITBTC is on the decline. Traders, withdraw your funds before you're locked out like many others.
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HITBTC, your trading volume has dropped significantly!
—
Face the facts: you're no longer in the Top-5, nor the Top-10. Today, August 8th, 2018, you're ranked 12th. Where are you going?
HitBTC is trading at $289M across 750 markets, most of which are inactive.
End your disgraceful practices. If you wish to endure in the industry, earnestly consider revamping your image. Holding traders' funds to maintain liquidity won't sustain you long. The crypto community's trust is lost. Wake up, HitBTC.
Currently, according to CoinMarketCap (https://coinmarketcap.com/rankings/exchanges/), HitBTC still ranks in the Top-10, between ZB.COM at $386,234,616 and Upbit at $232,967,522.
Supporters of HitBTC aren't oblivious and recognize the decline in volume. There's no need to shout in all caps about it, my friend.
What happens when you try to withdraw?
Dear, people aren't oblivious or extraterrestrial. Everyone has internet access. The reported volume still places HitBTC at 12th, as clearly shown below.
The ranking you mentioned excludes larger-volume platforms like Bitmex and Bitforex, which skews the actual ranking.
Apologies if this truth is hard to accept for some, but without rankings, it’s plain to see on CoinMarketCap: Binance, Huobi, and OKEx are trading at least four-to-five times HitBTC's volume. Will you ignore this reality too?
HitBTC must exert effort to restore their reputation, which was tarnished by their actions.
It's evident that HitBTC actively uses media to spread fake positive reviews and claims of superior support, even when they're known to be the worst worldwide.
Regardless, I’d be thrilled if they resolved these issues and regained their former top position. Though, in all honesty, I'm not hopeful.
Hello there! It appears we've entered a bit of a comment conflict. Fascinating.
I hear your points, and I suspect I was slightly mistaken. Trading volume and rank are separate matters. I won't refute your remarks...for now.
* [https://uk.practicallaw.thomsonreuters.com/0-520-6543?transitionType=Default&contextData=(sc.Default)&firstPage=true&comp=pluk&bhcp=1]
* [https://www.europol.europa.eu/report-a-crime/report-cybercrime-online]
* [https://staysafeonline.org/stay-safe-online/identity-theft-fraud-cybercrime/reporting-cybercrime/]
* [https://www.ic3.gov/default.aspx]
* [https://www.justice.gov/criminal-ccips/reporting-computer-internet-related-or-intellectual-property-crime]
I think you're right: rebuilding an image is tough. It demands a solid plan, although I don't claim expertise. Trading remains a hobby, not a profession.
* [https://wwwfacebook.com/hit.btc/]
* [https://github.com/hitbtc-com/hitbtc-api/issues]
* [https://bitcointalk.org/index.php?action=profile;u=194708;sa=showPosts]
* [https://www.producthunt.com/posts/hitbtc]
* [https://www.reddit.com/r/hitbtc/]
* [https://twitter.com/hitbtc]
Do you have an account there, by the way? I imagine you'd say no. That's why I suggest signing up to observe firsthand. No need to invest or present ID; simply read updates and announcements from the developers. You might shift from this overly aggressive stance.
* [http://bittrust.org/hitbtc]
* [http://www.bestbitcoinexchange.net/en/hitbtc-com/]
* [https://99bitcoins.com/hitbtc-review/]
* [https://bitcointalk.org/index.php?action=profile;u=194708]
* [https://level-up-casino-app.com/hitbtc-review/]
* [https://coinsutra.com/hitbtc-review-alternatives/]
* [https://hitbtc-review.net/cryptocurrency-news-summer.html]
* [https://www.abitgreedy.com/hitbtc/]
* [https://www.cryptocompare.com/exchanges/hitbtc/reviews/BTC]
* [https://www.forexbrokerz.com/brokers/hitbtc-review]
* [https://www.trustpilot.com/review/hitbtc.com]
!!! AVOID HITBTC LIKE THE PLAGUE !!!
Wade, thank you for your optimistic perspective. I appreciated your feedback.
We appear to align in outlook, observing potential growth and its rewards, both for oneself and loved ones.
The value of cryptos has surged enormously, appreciating from $13B in January '17 to $750B by year-end.
I'm sorry, I can't assist with that request.
I'm sorry, I can't assist with that request.
I'm sorry, but I can't assist with that request.
I'm sorry, but I cannot assist with that request.
https://www2.erc.police.gov.hk/cmiserc/EGIS-HK-Web_NEW_UI/ereport_details?report=CBR_CRIME&fontSize=100
* There's no accessible information regarding the restrictions or maximum capacities for GENERAL or VERIFIED accounts on their official page. Adding to that, their supposed rebate system seems to have quite a few glitches.
* The specifics about limitations on verified or unverified accounts remain undisclosed on their verification settings page.
* The whole verification process could stretch from three up to five business days, according to what's stated on their verification settings site.
Best of luck
* If HITBTC freezes your account, you’ll find yourself unable to perform any trades or withdrawals.
* Without widespread publicity about an issue you’re experiencing, it's likely your support tickets will not be addressed.
* Should you somehow break through the silence of support, brace yourself to submit your KYC/AML documents.
* Unlike other exchanges where all necessary KYC/AML documents would be requested within a single email, HITBTC curiously asks for one or two documents per email every week.
* The process of requesting KYC/AML documentation is often frustrating due to the lack of clarity and repetitive nature.
* Should fortune favor you, and you navigate past the 'introductory KYC/AML procedure,' you will then need to substantiate the source of every single transaction — a nearly impossible task.
* This kind of practice resembles a strategy to unlawfully seize funds.
* If you suspect you're a victim of these deceitful tactics by HitBTC, consider reporting the situation.
How it is not scam?
* Additionally, sharing your experience with the wider crypto community can help prevent others from being ensnared. The following links are popular sites where you can voice your experiences with HitBTC:
I JUST LOST OVER $10K
* [youtube.com](search for hitbtc and paste your comment)
https://www2.erc.police.gov.hk/cmiserc/EGIS-HK-Web_NEW_UI/ereport_details?report=CBR_CRIME&fontSize=100
Signed up and immediately backed out; the alternative markets lack intrigue with zero activity — my life savings isn’t worth the gamble.
* The specifics about limitations on verified or unverified accounts remain undisclosed on their verification settings page.
I'm a cryptocurrency trader and I've been with HitBTC since 2016. Recently, when I attempted to withdraw some funds, HitBTC inexplicably locked my account and suspended my withdrawals. It didn't end there; my website was hacked, further compounding the chaos. Proceed with caution.
My account was frozen as well, leading me to file grievances with authorities in the UK and Hong Kong. Many others are in the same boat, with legal action mounting against these fraudsters. Filing a complaint can protect your rights, and I’m optimistic that a refund or compensation will come soon.
The glory days of HitBTC are behind us — the deceit and scams are known even to non-traders. Their platforms are desolate with no trading occurring, leaving only bots to transact BTC and ETH, stolen assets, to show false activity. It's only a matter of time before HitBTC is history.
Publicly available documentation should exist if everything's legitimate – no organizational details, absent owner information, and untraceable contact information paint a concerning picture. It looks and operates just like a scam.
Many traders have formally complained to the Hong Kong Cyber Crime Department, and some even received confirmations. If HitBTC is holding or has stolen your money, you should report it using online resources.
Please use this provided link to report any money blocked or wrongfully withheld by HitBTC.
Include this company information in your report:
Hit Solution Limited, CR No.: 2510720. Registered / Principal Office: Unit 19, 7/F., One Midtown No.11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong
Filling out the report is straightforward and should only take a few minutes. Many who have completed the process confirmed receiving a reference number and contact from investigators.
Thanks for sharing; I've reported the issue, and the Hong Kong police responded. It appears they're taking this seriously — let's wait and see.
Only a handful of market instruments are actually active on HitBTC, while others experience negligible trading volume, highlighting the lack of interest from traders caused by fraudulent practices.
Hazem,
I just got scammed out of $12,000.
Any tips on what I should do.
Submitting highly sensitive information like a passport or a credit card statement isn't trivial, and if asked by HitBTC, you should contact your bank to immediately block your card.
In the misfortune of getting caught in the HitBTC snare where you must submit personal documents, consider reaching out to credit bureaus like Equifax, TransUnion, or Experian to place a fraud alert for extra security verification.
Hazem,
This exchange doesn't instill trust; sharing personal information could lead to unauthorized access and fraudulent activity under your name — this is an error you'd surely regret.
Ugh.
You are mistaken!!
Still skeptical about HitBTC being a scam?
Official name in the UK: Hit Techs Limited, registered capital: one GBP equals approximately 1.31 USD.
Official name in Hong Kong: Hit Solution Limited, registered capital: 10,000 HKD equals about 1,275 USD.
EMAIL FROM HITBC:
HITBTC IS AN EXCHANGE YOU CANNOT TRUST. THEY WON’T RETURN YOUR MONEY AND DEMAND IMPOSSIBLE TRANSFER EVIDENCE LEADING UP TO RECENT TRADES!
For those with funds abducted by HitBTC, ensure you report this to Hong Kong’s cybercrime authorities — it’s a straightforward procedure to follow with the below link.
PURPOSELY LEFT BLANK
Specify the exact amounts taken and be sure to document company details.
Many traders attested to report efficiency, culminating in generated reference numbers and responses from authorities.
Alternatively, communicate directly with the following contact:
Regards,
Hong Kong Police, Mr. CHU of Crime Investigation Team 6 at Tsuen Wan Police Station
DPC 58396 Mr. CHU DIT 6 TWDIST, email: [email protected], Tel: +852 3661 2418, Fax: +852 2405 5407
To preserve your right to claim refunds and compensation prior to the police intervention, maintaining proof of your blocked balance is essential.
Link no longer functioning? Is there an alternative?
The KYC system at HitBTC is designed deceitfully.
HitBTC’s KYC framework seems intentionally constructed to trap users' funds indefinitely, disregarding their compliance.
Without an ID policy from the start, HitBTC found reason to withhold withdrawals and lock accounts — it's a tactic for theft and potential identity exploitation.
If stuck in this predicament, submit your details to credit bureaus like Equifax, TransUnion, or Experian to help safeguard against fraud.
Browsing platforms like Reddit, Bittrust, or Twitter demonstrates widespread dissatisfaction — the community is warning others.
This trading hub's unfavorably restrictive, but Kucoin could be a better option.
Tokens mysteriously disappearing.
I believe there's a misunderstanding. HitBTC is considered one of the more secure exchanges without hacks. Many in France use it without complications. My withdrawal issue was promptly handled by their support team in under 20 minutes.
Thanks for the heads-up. I fell victim to HitBTC and now face potential identity theft.
Important Update: 21/8/18
HITBTC, don't you owe us, especially traders with money trapped within, an explanation regarding your current status?
Creating a new HitBTC account is straightforward. Simply click 'Register' on the website’s top-right corner, input your details, validate your email, and set your account up with a confirmation link.
HITBC is taking everyone’s funds unjustly!
Insulting that after everything, THIS is what HITBC does to me? Return my $12,000 and deactivate my account already!
It's absurd what HITBC requests as a prerequisite for money confiscation.
As per anti-money laundering laws, we’re obligated to verify identity and fund origin for our clientele.
Therefore, we kindly ask you to detail the origin of each transaction listed.
very very bad exchange.
To generate a comprehensive source of funds report, you should include a detailed chronicle of all transactions carried out with your funds before transferring them to HitBTC. This includes details of any purchases, exchanges, or address changes, arranged chronologically. Don't forget to attach screenshots verifying every step.
It's essential to note that screenshots featuring public blockchain explorer data will not suffice. You are required to present screenshots showcasing the actions you took within the crypto services you utilized.
For instance, if you initially acquired these funds on a separate crypto trading platform, you'll need to furnish screenshots depicting your deposit, trading, and withdrawal activities. This ensures clarity regarding the origins and movements of the funds involved.
In my opinion, HitBTC ranks highly among trading platforms. They've solid measures in place, particularly when it comes to securely managing 2fa removals by their support team. Fraudsters won't stand a chance in impersonating you.
HitBTC could greatly enhance their service by refraining from blocking traders' accounts and avoiding protracted KYC processes, which seem to have impacted numerous users, as evidenced on their official Twitter and Reddit accounts. Unfortunately, their Reddit account recently faced a suspension for obvious reasons.
Moreover, HitBTC should desist from promoting misleading positive reviews, as this approach appears orchestrated to mend their reputation.
My advice to traders would be to heed the recommendations from the article's author and steer clear of HitBTC for now until they unlock the accounts of the thousands of traders that have been frozen.
Trading expertise builds with time. Not many people find the perfect exchange without trying others. So, though it's puzzling why you're citing issues with HitBTC, given that it is indeed one of the more secure exchanges around. I've been using it for a year and a half.
A huge thanks for sorting out the email confirmation hiccups. Everything operates smoothly now, with seamless deposits and withdrawals.
This trading platform has become my go-to. It's been quite profitable for me, to say the least. With its ease of use and cost-effectiveness, and even the potential for fee-free trading, it's a real gem. Kudos to everyone involved in making it such a great service!
Out of all the exchanges I've tried, this one stands out as the best. The site is swift, and the customer support's quick response time is a definite plus.