HitBTC Review » Is it Scam & Fake or Safe & Legit?
On the surface, the ability to buy IOU’s or ICO tokens seems like a positive, but some users have speculated that HitBTC may be selling IOU’s at a higher price to make a profit. On HitBTC, “Takers” are charged with a 0.1% fee from the trade. “Makers” are not charged with a fee, and instead receive HitBTC Review a 0.01% rebate from the trade. When you place an order that doesn’t fill immediately (like a limit order), you are a “maker,” who is providing liquidity to the order book, and you pay a reduced “maker” fee for this. HitBTC did experience a hack in 2015, but have been mostly secure ever since.
That said, many users believe that KuCoin is one of the simpler exchanges on the current market. HitBTC allows you to trade the most popular cryptocurrencies and widespread fiat currencies, including USD and EUR. The main company’s goal is to introduce crypto traders to the most advanced technologies. Our procedure is thorough, but this is how we can be sure that we’re communicating with the actual owner of the account and that there is no problem with the source of funds being traded. To deposit your existing crypto into HitBTC first log in to your account. Select the green Deposit button located among the account icons in the top right of the screen.
Hitbtc Withdrawal and Deposit Fees
Lost 50% of my profit just because these mf’s went short with our Dogecoins, and in order not to lose money just put the exchange rate 50% lower and blocked the withdrawals. Never use this stock exchange if you don’t want to lose money. It’s already blocked for a month and support is ignoring me for 3 weeks already. This is why I had to sell my doges by the price of 27 cents, while in the whole world the price was almost 60. After my full verification including proof of fund verification. I deposited 40k usdt, I wanted to buy a coin but the coin was offline so l couldn’t buy it.
Please check your inbox and your spam folder and proceed accordingly. In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. HitBTC was established in 2013, in Hong Kong, as Hit Solution Limited. HitBTC serves most European and Estonian markets, but it’s also easily accessible to users across the globe, with several exclusions.
HitBTC
It’s important to note that HitBTC is an unregulated exchange, although it does comply with KYC (know you customers) and AML (anti-money laundering) regulations. It also values users’ data and privacy and is entirely GDPR compliant, as you can delete your data from the exchange at any time. One of the more notable rumors surrounding the exchange includes the 2015 hack of BTER and Excoin exchanges. HitBTC also went offline at the same time, but never acknowledged any losses or that it experienced a security breach. As per our HitBTC review, the exchange platform can support Bitcoin, Ethereum, Ripple, Litecoin, Monero, and more. If the user wants to trade with HitBTC, they should add funds to their account first; they can go to the account section where their fund balances are displayed.
After I start withdrawing my crypto I was locked and been asked to do KYC again( kyc was done about 4 years ago). After long time and multiple rejection and re applying SAME documents the finally accept https://www.tokenexus.com/ it. BUT they did not unfreeze my funds and asked me to provide detailed history and source on btc deposits (around 10 transactions). Of course I do not have any screenshots and do not remember anything!
Is hitbtc a scam or a legit company?
Still, it does offer a couple of security tools that may warrant some discussion. For instance, there is 2FA, the ability to terminate every session and automatically log out, among others, which can secure the funds in your account. According to platform official sources, HitBTC is operating under the parent company name of HiTech Digital Business Ltd., registered in the British Virgin Islands. The representative Office address provided by the Exchange for contact is Av Vitacura 2969, Las Condes, Region Metropolitana, The Republic of Chile. Hitbtc is most secure exchange till now as of my experience. If you completed each of these steps you managed to successfully deposit funds into your HitBTC account.
- Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions.
- For a number of years, HitBTC didn’t require users to register for an account or provide ID verification.
- Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.
- If the user wants to withdraw funds, they need to go to the account section, choose the coin and click the withdraw button.
- The next step is to enter your email address and create a secure password.
This type of wallet offers the lowest security on your funds, not least because you have no control over your private keys. This means that should the platform get hacked, your funds are largely at risk. As you can see, there is a significant difference in HitBTC trading fees for verified and unverified accounts. For unverified users, HitBTC fees similar to the ones we find on other popular exchanges like Binance or Bittrex. However, for verified users, the fees drop significantly, making HitBTC’s fees absolutely cheapest on the entire market in terms of crypto trading. When the deposited funds are added to the account, the user can make a trade.
