• By Web Revolution
• December 3, 2021December 11, 2023
• With 0 comments

Nevertheless, HitBTC exchange is open about its official location. Its official mailing address is Av Vitacura 2969, Las Condes, Región Metropolitana, Chile. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. I now know for a fact now that I don’t need multiple platforms to make some decent profits, I need the ones I can trust. So far they are pretty much the only one I haven’t lost to.

Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges. These disgusting creatures know how to seize your money but won’t allow you to withdraw it! I completed the KYC process, but they rejected me because my documents are in Cyrillic, and my country doesn’t issue personal ID cards or other documents in Latin script.

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This allows users to add or remove liquidity at their convenience. HitBTC is based on traditional stock trading applications and is reported to have well-designed security systems and processes. User information is kept encrypted at all times and the majority of non-trading funds are stored offline.

Additionally, HitBTC has developed a voting application and a demo trading platform for beginners offering them to try and trade cryptocurrencies on its Demo platform first. Moreover, HitBTC organizes various trading contests, allowing users to measure their skills against other traders and get more experience. Founded in 2013 and launched in February 2014, HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading.

Support

If you completed each of these steps you managed to successfully deposit funds into your HitBTC account. To initiate a transaction copy and paste your wallet address at a third-party service. Hence, if you want to have a real trading experience without risking anything, you should definitely give it a try.

The trader claimed that HitBTC has locked his mother’s account and was not allowing her to withdraw her funds. This was after repeated attempts by the trader’s mother to get her account unfrozen. However, it seems that in a follow up to the tweet HitBTC unfroze the account and allowed his mother to continue trading. There have also been reported inconsistencies between the fees that some users are paying for transfers. Some users claim they have been charged high fees whereas others have had no issues. This slow customer support is also not ideal when it comes to verifying your KYC documents.

The Trustpilot Experience

Hence, if you wanted to withdraw more than the limit that they have on the exchange then you will have to verify your account. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

If you haven’t quite got the time to read our review all of the way through, then we concluded by noting that we cannot recommend HitBTC as a credible exchange. The platform not only has a history of moving from jurisdiction-to-jurisdiction, HitBTC Review but it has a significant number of bad reviews in the crypto community. If the safety of your funds is your top priority (which it should be), we instead prefer heavily regulated platforms like Coinbase.

You cannot work with USD, EUR, or any other real-world currency. This makes it not beginner-friendly and extremely restrictive. If you’ve already got crypto, consider Bittrex over HitBTC. Once you’re in demo mode, you can make adjustments, check out the https://www.tokenexus.com/ graphs, and make trades without having to sweat the outcome. HitBTC has some of the most in-depth and trader-friendly features on the market. Two-step authentication, advanced encryption, and a relatively clean track record are all pros for HitBTC.

• Some users claim they have been charged high fees whereas others have had no issues.
• In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integration on its site.
• The biggest difference between HitBTC and other exchanges is the way in which funds are categorized on the “account” tab.
• Start by selecting the Deposit icon from the top right corner of your screen.