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4.3/5 - (20 votes)

HitBtc Exchange Review

HitBtc overview

With support for over 150 tradable digital assets such as cryptocurrencies, initial coin offering (ICOs), and ICO tokens, HitBtc is a multi-faceted cryptocurrency trading and exchange platform. The interface of this platform is easy-to-use, intuitive, friendly, and responsive for new traders but has enough features for advanced and professional cryptocurrency traders.

This platform continues to add new currencies and trading tools to its platform, including an initial coin offering feature that systematically facilitates adding tokens to the cryptocurrency exchange. This exchange platform was started as a joint venture between finance professionals, expert traders, and cryptocurrency developers.

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Unique features of this platform

1 – Robot-friendly API

The users of this platform will be able to make the most out of their trading bot with the leading and well-known API. The robot-friendly API of this platform is known to be appreciated among traders for its execution feeds and low latency data.

2 – Responsive, fast and feature-packed platform

This platform is developed on cutting-edge, state-of-the-art technology, which lets users effortlessly trade any of the currency pairs of this platform.

3 – Safe and secure

In order to make the trading and exchange of different types of cryptocurrency safe, this cryptocurrency exchange makes use of a 2-step authentication system. The exchange platform also makes use of an advanced encryption technology in order to make the trading highly secure and safe for traders regardless of their trading experience. This platform also provides cold storage to ensure offline trading and exchange of different types of cryptocurrencies around the world. When it comes to security and safety of the users’ funds and trading, this platform gives users peace of mind.

Fees and charges of this platform

There is no limit or fee for depositing cryptocurrencies on this cryptocurrency exchange platform. Depending on the size of their deposit and the cryptocurrency used, the users of this platform will be charged a fee for depositing fiat currency (EUR or USD).  Many professional investors are attracted by the relatively low fees charged by the platform on trades. The immediate trade transactions on this platform will incur an execution fee of 0.1%. Moreover, the traders will be granted a 0.01% rebate for carrying out non-immediate cryptocurrency transaction.

There is no charge or fee for creating a general trading account and users will not be charged any money for getting started with this platform. Users will not be charged for withdrawing cryptocurrencies and they will not be charged the typical network fee for the respective currency when they withdraw cryptocurrencies on the platform.

Depending on the amount and type of fiat currency, users need to pay a transaction fee for withdrawing fiat currency from this exchange platform. Furthermore, they will be able to decide which are the best ICOs to invest.

Benefits of using HitBtc

This platform adds support for new digital assets to its exchange regularly and it takes the user input into consideration. The users of this platform are provided with an excellent opportunity to vote for a token of their choice to be added to the platform. It will create an opportunity for the users to be actively involved and participate in the cryptocurrency exchange. This platform will also add an option for over-the-counter (OTC) trading to its website.

The platform benefits from the following features:

  1. Stable and available order matching engine.
  2. Highly liquidity.
  3. Extremely low fees.
  4. This platform will be equipped with advanced application building applications, which are FIX API and REST API.
  5. This user-friendly exchange platform will provide users with multi-language support such as a troll box for solving trading issues efficiently.
  6. Stable uptime.
  7. Fiat withdrawals and deposits supported for verified users (EUR and USD).

How should you buy cryptocurrency from HitBtc?

There are only a few exchanges that have a simpler signup processes than HitBtc. Traders just need to provide an email address and set a password. Unless the trader wants to trade with fiat (EUR, USD) currency, verification procedures are not mandatory. Users will receive a general account with unlimited cryptocurrency deposits and withdrawals after registering with the platform.

How to sign up to the website of the platform?

Users will need to verify their cryptocurrency trading account to purchase cryptocurrencies such as BTC or ETH with fiat currencies.  Users can simply visit the site and register using a valid email address and highly secure alpha-numeric password in order to create a general account. The cryptocurrency platform’s website will require users to confirm their valid email address before activating their general account to trade cryptocurrencies in a hassle-free manner.

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Users will be able to deposit and withdraw different types of popular cryptocurrencies with the general account of his cryptocurrency trading platform. The withdrawal and depositing of the cryptocurrencies on this platform is simple and does not require any further steps.

Verification process

  1. Users will first need to navigate to the setting button once they are logged in to their cryptocurrency exchange account and have it verified.
  2. Users will need to choose the “account verification” tab and then follow simple steps including sending some documents via a valid email to this platform.
  3. The essential requirements for verification procedures include the name, address, and other personal information.
  4. Users also need to provide bank account information.
  5. They need to submit color copies of supporting documents such as driver’s license, passport, or ID card.
  6. Users need to submit proof of residence such as tax returns, utility bills, or other accepted documents listed.
  7. They also need to proof of bank account ownership such as an original letter from their bank or a bank statement.
  8. Users will need to follow the directions on how to scan and submit the files, including formatting and proper sizing once they have compiled all of the required documentation.
  9. It is essential to understand that the verification of an account on this platform will typically take three to five days.

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How do users make a trade on HitBtc?

Once the users have created a general trading account, they can start trading different types of cryptocurrency using this exchange platform. Based on their precise needs and requirements, the users can also easily deposit, trade, and exchange their cryptocurrencies as well as fiat currencies. Moreover, they can enjoy the benefits of stop and limit trading on this platform at their convenience.

1 – Deposit

The users can deposit funds (fiat currency or cryptocurrency) into the appropriate wallet on this exchange platform by clicking the “Deposit” button, if the users already have some supported cryptocurrency such as Bitcoin.

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2 – Exchange

The users should visit the “Exchange” tab on the website once they have deposited funds in their account to start trading. It will allow users to buy and sell cryptocurrencies. In addition,, they can view charts and orders by visiting the exchange tab. Traders will also be able to trade with the other traders on this platform via the trollbox.

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3 – Other types:

Some cryptocurrency traders want to use the stop and limit trading option when they are making trades on this exchange platform. When they are making trades on the exchange, they might want to take advantage of the additional order types. The platform supports different types of order types, including fill or kill, immediate or cancel, market, good-till-cancelled, and good-till-day/time.

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Is HitBtc safe to use?

  • 2-factor authentication

One of the essential concerns of the development team behind this project is security. The use of 2-factor authentication is the first steps towards security for all accounts. To protect login details and withdrawals, the users must engage in 2-factor authentication that provides an extra security layers through this user-friendly platform.

It is extremely safe to use by traders regardless of their experience. This exchange platform provides a wide range of security options for users, including fully automatic log out and two-factor identification for log in, withdrawal and access to account settings. In addition,, this platform also keeps a record of log-in history that can be seen by users.

  • Email notifications

If a user’s trading account is accessed from any unknown IP address, the platform will send email notifications.  In order to provide traders with the option offline storage of their funds, the platform offers users a secure and efficient cold storage for select digital assets.

Emails notifications are sent to users after a request of withdrawal of funds. In order to proceed to the withdrawal process, confirmation of the email verification is required. As HTTPS is available through the website, any trade-related data within this website does not travel encrypted.

  • Back-up of data

As a measure of caution against any eventual damage or loss, the platform database is backed up daily.

  • Cold wallets

In order to store the cryptocurrency coins efficiently, this platform also has cold wallets. In order to ensure security and safety of the cold wallets, this platform never discloses information about these cold wallets. The addresses of these cold wallets remain unknown to prevent any eventual damage or loss.

HitBtc’s customer support

A highly skilled support team will assist new traders, as well as experienced cryptocurrency traders, with any issues related to trading or questions that users may have about the exchange. Customer support is ready to assist the traders 24/7.

The customer support team is available via three different channels: a ticket system, a support email, and a forum where the support team tries to address issues during the business hours of the project. There is also a FAQ section that is less comprehensive but covers most topics with some detail.

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Countries serviced by HitBtc

This platform is supported in countries with AML/CFL laws.

HitBtc’s buying and selling limits 

Cryptocurrency withdrawals/deposits of cryptocurrencies on this cryptocurrency exchange platform are unlimited for users at all levels, irrespective of their trading experience.

The verified users of this platform are limited to 2,000 fiat currencies (such as USD or EUR) per week.  In addition, the verified users are limited to 10,000 USD or EUR per month. Users will be able to increase their withdrawals/deposits limit by systematically becoming a “Qualified” member. It will require the users to get in touch with HitBTC directly.

After becoming a “qualified” member of this cryptocurrency platform, users are limited to 10,000 (EUR and USD) per week or 50,000 USD and EUR per month.

Summarizing HitBtc

This platform has an intuitive user interface that makes it an easy-to-use exchange for new users to get started with. In order to meet the specific needs of cryptocurrency users and organization, this platform also offer a robust cryptocurrency exchange tool set with advanced features. It is one of the few digital asset exchanges in the world that efficiently supports direct cryptocurrency/fiat trading. However; the users of this platform need to go through a fairly severe verification process in order to take advantage of this feature.

To ensure the security of the platform, a second authentication step for signing up has been added. Moreover, this platform also keeps a login history of the users. All the connections on the platform will be shown to the users as well as sending them notification if their account was signed in from a new IP address.

In conclusion, HitBtc is a good alternative for both new and experienced traders with no need to move their funds frequently in and out.

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