Review on HitBTC by Praise Olagbadun
Is Hit BTC A Scam ??
We live in a world that is filled withhuman cruelty, this can be vividly seen in the rapid increase in the number of scammers and fraudsters in the online platform. With the rate at which many people are getting interested in the crypto world, there is no doubt that so many people might be victims of these scammers. I would love to talk about an exchange platform that traders believes to be scam, although there are so many testimonies supporting this fact, I still don't believe in it completely.
I would be talking about the Hit BTC exchange platform. It is a crypto currency exchange platform that was established in the year 2013 by the Hit Solutions Limited. It also has its mobile applications available for download in operating systems. It is based in Hong Kong and offers a very cheap trading fee of 0.1% to makers and 0.2% to takers.
For the purpose of writing this review, I accessed their platform via my mobile device but was careful while using it as I made only one trade throughout my course of using the mobile application. It was processed and I made my withdrawals quite alright, not seeing any sign of scam. Not minding my personal experience, I would share some facts that shows that it is a scam. But to me, it isn't. As I made my withdrawal and got my money back without loosing anything. The first thing to talk about here is their record, the Hit BTC had experienced an hack which has made it to loose the trust of its users, as a matter of fact; their funds are not insured. I wonder how they actually settled their users after the occurrence. Another thing that makes people suspective is the fact that the company behind the project, Hit Solutions Limited was disolved in the year 2017. Moreover, they don't disclose the identites of their members. I particularly find this a bit suspecting. The Hit BTC isn't a scam, but their actions and things happening around them can leave one thinking they are.
Pros
- Offers a nice and competitive trading fee of 0.1% for makers and 0.2% for takers
- Offers trading of many coins
- It has stayed a bit long in the market, leaving it with much experience
Cons
- The platform has lost its trust in users and should be worked on to retain it's position as one of the most popular exchange platform in the world
