HitBTC Review: Scam Exchange? You Need to Know This

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HitBTC Review

It was started with the goal of creating an advanced trading platform for professional traders. HitBTC functions like your typical cryptocurrency exchange. However, it doesn’t offer any fiat, so there is no way for you to link your account, which further implies that only cryptocurrency withdrawals and deposits are supported. Still, we will be looking at a few things, like how you can make your first trade or how to sign up or deposit, to get you started if you do decide to use this exchange. The general account, which doesn’t require verification, has a daily withdrawal limit of the equivalent of 5000 EUR in cryptocurrency.

The exchange is also a magnet for many new (and sometimes shady) token offerings. However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable. Signing up is pretty straightforward, besides I verified my identity and saved myself all the potential hassle. It is commendable that the service is designed simply and clearly, it is very convenient to track everything through your personal account.

Demo Account

After you know this, it’s easy to understand the user interface functionality. However, if you’re a newer user, you might think this is a bit strange. This is due to the fact that almost every other cryptocurrency exchange uses a one-account system. Therefore, having a two-account system does create a little confusion.

  • Until then, you will need to use your standard mobile web browser if you want to access HitBTC via your mobile.
  • Bittrex is the next-generation currency trading platform.
  • Making deposits on HitBTC is quite simple, the site integrates Changelly, which allows you to purchase Bitcoin directly with your credit card.
  • On March 2018 (five months after my initial contact) I was contacted by a HitBTC representative and the issue has been solved.
  • Some interesting user comments can be found in the bottom of this post and in the comments of this review by Blockonomi.
  • The next step is to enter your email address and create a secure password.

Once you choose to sign up to the affiliate program you will receive a custom link that will be used to track your referrals. As more exchanges come under the scrutiny of regulators, verified accounts are slowly becoming mandatory. So it would perhaps be best to get verified now before they require mandatory verification.

Hitbtc is a thief platform.

In case you want to deposit cryptocurrency directly into HitBTC using fiat currencies, HitBTC has an effective Changelly integration on its site. Using it, you can buy cryptocurrency instantly with your bank card (VISA or Mastercard) and send it directly to your HitBTC wallet to start trading immediately. Anonymous trading is a nice touch, but fiat currency deposits/withdrawals take ages. Demo mode is the only saving grace (much more on this later). As I am a holder, I kept a certain amount of cryptos in my wallet. Just got back 1,5 year later to check, and it was gone!!

HitBTC Review

Another issue is that sometimes certain coins are “stuck” in the exchange due to technical issues. One specific example of this is when users couldn’t complete any operations with Metaverse ETP funds. By not allowing users to control their https://www.tokenexus.com/hitbtc-review/ own funds and shutting down/freezing certain coins, HitBTC runs the risk of creating continuous issues for some traders. HitBTC consistency ranks as one of the top cryptocurrency exchanges on the market in terms of trading volume.

Do I need to verify my identity to use HitBTC?

If they do respond, they will pretend to help you, asking for more and more personal information, then stop responding to you once you’ve given them everything that they’ve asked for. I’ve been trying to get access to my account for months. I’m sorry that it’s taking longer than you expected to resolve your issue.

If not, transfer as needed and then click the “Withdraw” option. To register for an account on this exchange, head over to its official website and click the “Sign Up” button at the top. Fill in the required fields pertaining to your email address and password. You will then be sent an email asking you to confirm the email address you just entered. Other than your 30-day trading volume, you can also receive discounts based on your HIT holdings.

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