HitBTC Cryptocurrency Exchange Review – HitBTC is the Most Advanced Bitcoin exchange

HitBTC Cryptocurrency, founded in 2013 by experienced system architects and technology experts, is one of the oldest and fastest growing crypto exchanges in existence. With an unparalleled track record of reliability, we offer our clients a comprehensive range of services that are accented by our smooth order execution, state-of-the-art trading terminal, and unmatched liquidity. The exchange is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others.

About HitBTC Cryptocurrency

HitBTC Cryptocurrency is a crypto exchange that has over 800 trading pairs. The platform was created in 2013, and provides exchange, custodial and other related services. HitBTC offers a range of APIs such as REST, WebSocket, FIX API. The UI was developed to meet the needs of the most demanding and sophisticated traders. Users can take advantage of rebates and competitive trading fees via the Trading Fee Tier system.

User security is reportedly secure via stringent security procedures, including cold storage and encryption technology. HitBTC also offers 2-factor authentication and various whitelists. The platform has an LD4 Data Center in London, which has reportedly decreased its data-access latency while expanding the platform’s technical capabilities.The exchange works with individual customers and corporate clients, and has offices all over the world including London, Malta, Rio de Janeiro, Santiago, Hong Kong, Beijing and Singapore.

How To Sign Up & Start Trading

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Platform

HitBTC platform offers tools and features that would meet the expectations of even the most demanding and sophisticated traders, enabling them to engage in real-time trading with low latency, high reliability, and peak performance. HitBTC was the first on the market to offer automated and algo traders reliable and fast REST, WebSocket and FIX API. To maintain the security of the platform, they deploy comprehensive audited cryptography schemes with strict operational procedures as well as user-specified white lists and limits.

Values

HitBTC Cryptocurrency values are based on three tenets: reliability, security, and performance. With our deep understanding of technology, economics, and finance, and by applying knowledge and innovation, we have created one of the most sophisticated and technologically advanced trading platforms in the industry. Since its introduction, our comprehensive custody architecture has been an industry standard-bearer in security.

HitBTC Exchange use two different types of custody: top-tier security for the top 10 currencies on the market, including all ETH tokens, and regular security for all other digital assets. Top-tier security custody is based on HDKey technology and multilevel in-house cryptography. There is a strict policy of not running third-party software, including third-party blockchain solutions.

Trading Fees

HitBTC employs the “maker-taker” model with the purpose of maximizing liquidity and narrowing the spread on cryptocurrency markets. With our system, “makers” are encouraged to keep adding liquidity to the market.

The chief aim of maker-taker fees is to stimulate trading activity within an exchange by extending the incentive to post orders and facilitating trading.

On HitBTC, “Takers” are charged fees according to Trading Fee Tier.

In our maker-taker model, the “taker” is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. The taker pays the fee from the committed trade.

The “maker” is a trader who provides liquidity to the order book by placing a limit order below the best ask price for the buy and above the best bid price for the sell.

What is Rebate?

A Rebate is a reward that HitBTC pays to the “maker” for providing liquidity to a market while charging customers who take that liquidity. In other words, if a trade outside of the immediate market price is matched, we may incentivize the traders who placed the order.

Bottom line: we at HitBTC are always trying to enhance your experience with our platform, and we aim to facilitate your trading process by providing greater liquidity.

Margin Trading

Periodically, a small Interest Rate is paid to hold a margin position open. The Interest Rate is paid regardless of whether the position is long or short. The rates are listed in the table below.

The Interest Rate is paid 3 times per day at 00:00 UTC, at 08:00 UTC, and at 16:00 UTC (12:00AM UTC, 8:00 AM UTC, and 4:00 PM UTC). The interest is charged always in the quote currency – for example, on the BTC/USDT pair it is paid in USDT – for both shorts and longs.

Liquidation Fees

If a position is liquidated – either by reaching the liquidation price or by the trader, a Liquidation Fee in the amount of 0.5% of the position’s value is charged in the quote currency (i.e. USDT on the BTC/USDT pair).

Borrowing Limits

For each of the trading pairs, Borrowing Limits apply, regardless of whether a trader wants to go short or long. An individual trader will not be able to go beyond these Borrowing Limits at any time. The table below lists these limits.

Please note that HitBTC reserves the right to revise its rates, fees, and limits at its discretion, to reflect the changing market conditions.

Key Features

Advanced API

HitBTC provides fast and powerful APIs (REST, WebSocket and FIX API), making trading operations fast and convenient.

Responsive Trading Terminal

Our fully customizable trading terminal provides every client with a lightning-fast and user-friendly interface.

Secure Trading

HitBTC offers:

• Custody – cold storage
• Control – white lists
• 2-factor authentication and high-end encryption technology, ensuring that trading is safe and secure

Progressive Fee Tiers

The Fee Tier System encourages active traders with lower trading fees.

Rebate System

The Rebate System rewards market makers for providing deep liquidity.

Variety of instruments

HitBTC offers active markets for more than 800 trading pairs.

Colocation Services

HitBTC Cryptocurrency colocation services are housed in a safe and fault-tolerant data center, the LD4 in London, which provides infrastructure for financial and trading systems. We chose LD4 because it is the industry standard and with it we are capable of offering the clients the best services on the market.

Vast variety of order types

HitBTC provides different order types for its users: Market, Limit (GTC, IOC, FOK, Day, GTD/Time) and Scaled.

FIX Trading Gateway

HitBTC’s FIX API, based on FIX protocol 5.0, is a fast, stable and secure way to connect to the exchange platform, receive market information and place orders. The access to the crypto assets exchange platform technology under the registered trademark “HitBTC” is provided in accordance with the Terms of Service. For more legal information please follow this link.