Review on HitBTC by Ogulnar Annamuhammedova

HitBTC cannot be called a newcomer to the crypto market, the exchange has been operating since 2013, then the real owner of the site was the Danish company Ullus Corporation, later, in 2015, registration in the UK was completed.



By all indicators, the trading platform is in the lead. With a trading turnover of $ 294 million, the exchange ranks 7th in the coinmarketcap rating. In addition, margin trading is supported here, and the number of available cryptocurrencies is in the hundreds. If we add to this the minimum trading commission in this area, the absence of a requirement for mandatory verification, then we get an almost ideal platform for working with cryptocurrency.



Features of the crypto exchange



HitBTC belongs to the top exchanges, according to the terms of trade, it is on a par with the best trading platforms:



* the number of supported cryptocurrencies has exceeded 300,

more than 500 cryptocurrency pairs are available;

* there is support for fiat currency, but for working with it

verification is required;

* trading commission is equal to 0.1% from any trade.

The commission is paid only by the taker (the one who absorbs

liquidity), maker (the one who creates liquidity) commission

does not pay, but receives a rebate of 0.01% of the volume

transactions;

* safety was approached here responsibly, in addition to

two-factor authentication can whitelist

addresses to which you can withdraw the crypt;

* developers can contact the HitBTC team and submit

an application to add your crypt to the exchange.





The trading terminal of this exchange is standard, in the upper part there is a chart, on the right there is a window with cryptocurrency pairs. The terminal has a button to switch to a live chart from TradingView, if you need indicators, opportunities for graphical markup, use this opportunity.



Below the chart, there are windows for setting transaction parameters, choosing an order type, trading history, order book and chat (also available in Russian).







There are 3 types of orders here:



* market - the deal is concluded at the market price;

* Limit - a pending order, you need to set the price at which

the deal will be executed;

* Scaled - allows you to build a grid of orders while moving

prices in one direction or another. The options are: flat -

each next deal is concluded with the same volume as the previous one, Up - the volume will increase, Down - decrease. The step between orders is also set, the maximum and minimum prices at which orders will be placed.



For limit orders, several types of execution are set:



* Good-Till-Canceled - until manually canceled it will

active;

* Immediate-Or-Cancel - in this case, the order is either executed

at the specified price immediately, or it is executed immediately, and

the unexecuted part is simply canceled;

* Fill-or-Kill - the order is executed instantly and in its entirety,

partial execution is not possible;

* Day - the day is set if the order is not executed before it

completion, then it is canceled;

* Good-Till-Date / Time - in this case, the order will be active only

until a certain date.

Note the presence of stop-losses, not all crypto-exchanges allow using protective orders.