Review on HitBTC by Gabriel Medina
Essential exchange
Has been criticized for its high withdrawal fees compared to other exchanges, and this means that you will have to conduct high volume transactions to offset the fees. However, it offers hassle-free OTC service, which is one of the many advantages. In short, it is one of the essential and most traditional exchanges in the world of cryptocurrencies.
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Pros
- High liquidity of the HitBTC Platform that provides instant order processing and reduces transaction costs.
- Withdrawals and deposits of digital assets are not limited and there are no upper or lower limits for these transactions. Withdrawals of funds and deposits are supported by some users.
- High liquidity consequently creates low fees for transactions.
- Order execution is guaranteed due to the highly advanced order reconciliation engine.
- Various assets, up to 150, can be traded on this smart HitBTC platform.
Cons
- Geographical restrictions limit access to the platform. Customers from the United States, for example, are not accepted.
- Users have complained of numerous glitches on the site, perhaps due to the lack of a stable response to the increase in the volume of cryptocurrency transactions that have occurred.
- Verification of the registration process requires the submission and scanning of confidential information and multiple personal documents. This can discourage new users of the platform.
