Review on HitBTC by Fabrizio Zampieri
HitBTC did experience a hack back in 2015 shortly after it launched so it…
HitBTC did experience a hack back in 2015 shortly after it launched so it takes security seriously. It has multiple strategies in place to keep your information and account safe. HitBTC strongly encourages users to take advantage of the two-factor authentication. It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers.
To further benefit market makers, HitBTC offers Market-Making (MM) Contracts. These are monthly contracts that come with rebate bonuses and cash incentives. Market makers get daily performance reports with high levels of detail. Each contract only works with a single trading pair, and there are several categories of contract. However, market makers can only take one contract from each category. The contract specifies your volume range on the sell and buy side, as well as your maximum spread.
HitBTC offers an affiliate program, which rewards users who bring new people to HitBTC. Affiliates get custom links they can use to invite friends to join HitBTC and start trading. Once your friend starts trading, you can get as much as 75 percent of their trading fees as a reward.
Pros
- - High liquidity. - Cutting-edge matching engine technologies. - Strong security measures. - No limits on deposits or withdrawals of digital assets (over 150 instruments to choose from). - The most advanced FIX API and REST API (the API for HitBTC is robot-friendly, so you can use your trading bot if you have one. The API also has low latency data, as well as execution feeds). - Affiliate program
Cons
- 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..
