Makers, those who add liquidity to the market, receive a .01% rebate for every trade they facilitate. Word of warning, there have been a large number of user reports that HitBTC is accepting withdrawal requests then freezing them. Users have been required to perform a drawn-out ID verification process that only sometimes results in the funds being released. Cryptocurrencies can have significant value changes in hours. Having your funds locked up for weeks or months at a time can be devastating.

If you decrease the liquidity, you get charged a .1% commission. A full explanation of the fee structure is available on HitBTC’s website. I’ve already covered it quite a bit, but to reiterate this important point, HitBTC is popular with professional traders. Despite a clean and efficient-looking ticketing system, there are more negative reviews for support than positive ones. Changing customer passwords so people can’t login and then taking forever to get the details again.

HitBTC Referral Program

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 HitBTC Review risking anything, you should definitely give it a try. If you haven’t done that before, you could make trades that would bring you huge losses.

Lastly, you can only buy and sell coins that are divisible by 100, 1,000 or 10,000. This is not ideal especially for those smaller traders who want to trade the more expensive coins. 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. For those traders of you that would like to use their advanced API, then the market making functionality could be an attractive addition.

Is HitBTC legal in the US?

If you have ever used a cryptocurrency exchange before, then HitBTC works in exactly the same way. The company operates as a third-party middleman between buyers and sellers, making a profit in trading fees along the way. All you need to do to get started is register a https://www.tokenexus.com/ Bitcoin account, deposit some funds, and then proceed with your cryptocurrency purchase. If you then plan on keeping hold of your coins long-term, you should consider withdrawing them to private Bitcoin wallet , as opposed to keeping them in your online HitBTC wallet.

For many traders, this is a good thing as it means greater liquidity for cryptocurrencies across the board. Not long after its launch in 2015, HitBTC went offline for a short period of time. During this event, some users complained that they couldn’t withdraw funds from the exchange.

HitBtc promised to participate in XYM airdrop

74% of retail investor accounts lose money when trading CFDs with this provider…. However, unregulated anonymous exchanges in obscure locations do attract their share of critics. The withdrawals typically take several minutes and mostly depend on the network speed of the cryptocurrency being withdrawn. Yet despite its appeal as a secure technology, HitBTC remains an unregulated exchange at the forefront of the crypto wild west, which raises questions and adds risks to its reliability.