Review on HitBTC by Robiul Islam
HitBTC has been part of the cryptocurrency community almost since the beginning…
HitBTC has been part of the cryptocurrency community almost since the beginning, giving it plenty of time to iron out any issues with the exchange. It also has a lot of useful features, such as numerous trading options and tips, plus a user-friendly interface.
Some things to bare in mind are the fact that some users report slow withdrawal times and the verification process can be slow and cumbersome requiring scanning and sending of personal documents. There are also some bad reviews online left by HitBTC customers which mention problems with customer support with extremely long waiting times to problems such as withdrawals etc. Overall, HitBTC is possibly worth consideration if you are looking for a well-established exchange with high volume and liquidity or need access to an API. Customer support certainly seems to be the area where the exchange is lacking.
Pros
- HitBTC markets itself as the “most advanced Bitcoin exchange,” and it has a long history, in operation since 2013. HitBTC has the markets you need to trade such currencies as Bitcoin, Ethereum, Dogecoin, Litecoin, Monero, and USDT, among others. HIT Solution Ltd., a Hong-Kong-based company, runs HitBTC. The development of HitBTC was the result of collaboration between experienced traders, finance professionals, and software developers, leading to an advanced platform that can meet everyone’s needs. The system’s core matching engine has innovative features, including advanced order matching algorithms and real-time clearing. It has also received praise for high availability, uptime, and fault tolerance. HitBTC offers numerous advantages for traders, including a high liquidity and the cutting-edge matching engine technologies mentioned above. There are also low fees, strong security measures, no limits on deposits or withdrawals of digital assets, over 150 instruments to choose from, and the most advanced FIX API and REST API.
Cons
- HitBTC does not require registration, delivers full access to trading, and has unlimited top-ups for your balance. Some exchanges only let you trade without much information. However, HitBTC delivers most of the information that you will need to decide before trading. Those who are more experienced with trading will appreciate the various charts and graphs that HitBTC offers. Beginners who are unsure of what to make of the information or how to go about cryptocurrency trading will appreciate the information on the blog, which includes plenty of trading tips. To withdraw coins, go to the “Accounts” tab. Look to the “Withdraw” column, which includes one button for every currency in your account. To withdraw, the coins must be in your main account, so complete a transfer from the trading account if necessary. Then, you can click “Withdraw.” Choose the quantity to withdraw and paste in your receiving address. Always double-check the address since you cannot reverse the transaction. Keep in mind that certain digital assets need more information for a sending transaction, so take extra care. An example would be with XMR; you must specify the payment ID as well as the wallet address. The only minimum withdrawal amount is more than your network fee value, which you can view right below the field for “Amount.” After selecting “Withdraw,” type your authentication code, assuming you enabled two-factor authentication for withdrawals. You will see a notification that you must confirm the withdrawal via email. Go to your email address and open the email from hitbtc that is labeled “Withdraw request.” Click the link to confirm to send the transaction and return to your account page. You can view the withdrawal in “Reports – Payment History” or in “Latest Transactions.” During processing, there will be three yellow dots. Once processing completes, these dots become a green mark.
