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Trading Platform – HitBTC’s main service is their trading platform. The platform supplies advanced trading feature, a relatively sleek UI and a demo mode for people who aren’t ready to risk real money trading Bitcoin just yet. HitBTC offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new (and sometimes shady) token offerings. However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable.

Simply navigating a complex trading screen can befuddle even the brightest newbies, and once the purchase has been made the problems are only just beginning. Nevertheless, the Kraken exchange in any review appears as an exchange that is difficult for beginners, unlike HitBTC. It has many features for crypto exchange, which is great if trading is your daily work. Trying to figure out how to use Kraken may take more effort than it’s worth since easier-to-use platforms are available. HitBTC exchange is considered more intuitive for both an experienced trader and a beginner.

HitBTC Review: Customer Support

This protection measure can be turned on via the Google Authenticator app or a similar authentication application. The app generates one-time short passwords that can be used in 30 seconds. No one except for the account owner can’t log in or at least can’t do that without HitBTC Review taking a user’s mobile device. Another 2fa option is using a Yubikey device, a physical USB key for authorized access to accounts. It allows users to log in or perform 2fa much quicker. The company boasts zero account hacks among people or organizations using Yubikey.

• In the Security tab, you can see the history of connections with IPs and locations and the list of the active sessions.
• As bigger orders bring bigger profits, more money lands in the trader’s pocket after she/he returns the borrowed coins to the exchange.
• 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.
• HitBTC is a global platform that bills itself as “the most advanced Bitcoin exchange”.
• Like most normal humans I don’t constantly check terms and conditions to look for changes.
• But for high limits, a range of currency options, detailed information, and very low fees, it is worth the pain.

If they do respond, they will pretend to help you, asking for more and more personal information, then stop responding to you once you’ve given them everything that they’ve asked for. I’ve been trying to get access to my account for months. However, unregulated anonymous exchanges https://www.tokenexus.com/what-is-a-bitcoin-payment-service/ in obscure locations do attract their share of critics. To qualify for HitBTC’s OTC service, you must exchange over USD 100,000 per trade. The exchange team typically responds within 24 hours, but, in my experience, the resolution of some issues may take several weeks.

Crypto Guides

On the right side are presented forms for registration and a button to enter your personal account, if you are already registered. However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism. Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents dissatisfied with its lack of transparency.

Either enter the name of your coin on the right-hand side or scroll through the list and select the coin you want to buy. After selecting, click on the trading pair you picked. Today we will review HitBTC, a cryptocurrency exchange that offers high liquidity and access to the largest cryptocurrency collection in the industry.

HitBTC Review

Now that DOGE is actually worth a good deal more and want to withdraw, they have to shut down withdrawals due to HitBTC not having enough to cover the outflows. HitBTC is a well-known and secure cryptocurrency exchange with the most diverse cryptocurrency market selections and excellent exchange rates. The exchange is relatively simple to use; however, it’s best suited to more experienced traders. HitBTC has a rebate scheme for its market makers who supply the exchange with solid liquidity and receive a 0.01% refund. If users achieve a tier 10, i.e., if they trade 50,000 Bitcoin or more each month, HitBTC will offer them a -0.01% refund on each completed trade.