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

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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.

ExchangeDetails
Exchange NameHitBTC Cryptocurrency
Exchange TypeCryptocurrency
Coin329
 Trading Pairs762
 Websitehttps://hitbtc.com/
Support24/7
 Social SupportTwitter
 Alexa Rank8455
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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.

Currency BorrowedDaily Interest Rate
Tether (USDT)0.039%
Bitcoin (BTC)0.018%
Ethereum (ETH)0.027%
Ripple (XRP)0.012%
BCH (Bitcoin Cash)0.018%
EOS0.021%
TRON (TRX)0.024%
Cardano (ADA)0.042%
Litecoin (LTC)0.021%
Ethereum Classic (ETC)0.021%
Bitcoin SV (BSV)0.021%
Zcash (ZEC)0.03%
Stellar (XLM)0.021%
Dogecoin (DOGE)0.021%
Monero (XMR)0.021%
NEO0.021%
VeChain (VET)0.021%

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.

Trading PairBorrowing Limit for Short PositionsBorrowing Limit for Long Positions
BTC/USDT10 BTC90,000 USDT
ETH/USDT130 ETH30,000 USDT
BCH/USDT120 BCH30,000 USDT
XRP/USDT150,000 XRP30,000 USDT
EOS/USDT11,000 EOS30,000 USDT
TRX/USDT15,000,000 TRX30,000 USDT
ADA/USDT250,000 ADA30,000 USDT
LTC/USDT660 LTC30,000 USDT
ETC/USDT4,500 ETC30,000 USDT
BSV/USDT80,000 BSV15,000 USDT
DASH/USDT200 DASH15,000 USDT
ZEC/USDT260 ZEC15,000 USDT
XLM/USDT150,000 XLM15,000 USDT
DOGE/USDT400,000 DOGE15,000 USDT
XMR/USDT170 XMR15,000 USDT
NEO/USDT1,200 NEO15,000 USDT
VET/USDT900,000 VET15,000 USDT
ETH/BTC130 ETH3 BTC
BCH/BTC120 BCH3 BTC
XRP/BTC150,000 XRP3 BTC
EOS/BTC11,000 EOS3 BTC
TRX/BTC15,000,000 TRX3 BTC
ADA/BTC250,000 ADA3 BTC
LTC/BTC660 LTC3 BTC
ETC/BTC4,500 ETC3 BTC
BSV/BTC80,000 BSV1.5 BTC
DASH/BTC200 DASH1.5 BTC
ZEC/BTC260 ZEC1.5 BTC
XLM/BTC150,000 XLM1.5 BTC
DOGE/BTC400,000 DOGE1.5 BTC
XMR/BTC170 XMR1.5 BTC
NEO/BTC1,200 NEO1.5 BTC
VET/BTC900,000 VET1.5 BTC

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.

HitBTC Cryptocurrency Exchange

7.7

CURRENCY VERITY

7.5/10

REPUTATION

8.0/10

CUSTOMER FEEDBACK

7.5/10

CUSTOMER SUPPORT

7.5/10

DESIGN

8.0/10

Pros

  • Since 2013
  • Social Support
  • 24/7 Support

Cons

  • No Live Chat Option
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HitBTC Cryptocurrency Exchange

7.7

CURRENCY VERITY

7.5/10

REPUTATION

8.0/10

CUSTOMER FEEDBACK

7.5/10

CUSTOMER SUPPORT

7.5/10

DESIGN

8.0/10

Pros

  • Since 2013
  • Social Support
  • 24/7 Support

Cons

  • No Live Chat Option