Review on HitBTC by Arun Kaul

Name: HitBTC
Item: HitBTC
Rating: 4

June 19, 2019

The most advanced cryptocurrency exchange - HitBTC

HitBTC core exchange engine features a highly advanced trading solution which also provides multi-currency support, real-time clearing, and settlement, advanced order matching and an API that supports robot trading.
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A number of security measures have been put in place for the protection of all HitBTC’s online users.
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Two-Factor Authentication: Allows for a secondary level of user login authentication using Google Authenticator or a one-time passcode which can be sent by SMS or by a voice call to the user’s registered number.
Advanced encryption technology.
Cold wallet for storage of crypto funds.
Internal AML/KYC policy and procedures, which ensure that only genuine traders use the HitBTC platform.
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There are several options for deposits and withdrawals of Fiat Currency on HitBTC like Wire Transfer and credit cards.
HitBTC offers more than 150 cryptocurrency pairs for trading. Majority of these are crypto-crypto pairs, while a few of them are crypto-fiat currency pairs.
HitBTC started off very well with no complaints for the first 4 years of its operation. However, the increase in the number of users who trade Bitcoin and other cryptocurrencies seems to have overwhelmed the team and a lot of complaints are being noticed on the internet. 
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Pros

Hitbtc boasts of very high liquidity, which reduces cost and provides instant matching and execution of orders.
Hitbtc has an advanced order matching engine which ensures guaranteed execution.
There is no upper or lower limits for digital asset deposits or withdrawals in Hitbtc.
Low fees as a consequence of high liquidity.
There are more than 150 cryptocurrencies for trade on Hitbtc.
HitBTC provides very high level of security is maintained using advanced encryption and multi-step authentication.
For users of automated trading software, HitBTC offers advanced REST API and FIX API solutions.

Cons

There are geographical restrictions on who can trade on HitBTC. US Clients are not accepted on the exchange.
There have been numerous complaints of site crashes. Perhaps the HitBTC has not responded well to the surge in cryptocurrency trading volumes that have occurred in the last one year.
Many users complained about hidden fees of HitBTC exchange.