HitBTC Review

Overview

A crypto exchange HitBTC successfully works in the market, providing high quality services and advanced trading opportunities.

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Details

Broker HitBTC
Website URL hitbtc.com
Founded 2013
Headquarters United Kingdom
Support Types E-mail, ticketing system, FAQ section
Languages English, Chinese
Free Demo Account Open Demo
Deposit Methods Cryptocurrency, SWIFT payments, SEPA
Withdrawal Methods Cryptocurrency, SWIFT payments, SEPA
Number of Assets 100+
Types of Assets Litecoin, Bitcoin, OmiseGO, Ethereum, BitConnect, Monero, Lisk, NEO, Ripple, Zcash, Dash, Qtum, ATBCoin, Bytecoin, AUTHORSHIP, Bytom.
US Traders Allowed No
Overall Score 9.7/10

Additional Information

  • Exchange Commission: yes
  • Trading volume: more than $86,700,000/day
  • Channels of communication: e-mail, Twitter, Facebook, Google+, tickets
  • The possibility of exchanging for fiat currencies: yes
  • Number of crypto-currencies: more than 100
  • Training: no
  • Autotrading: yes
  • Scalping: yes
  • Analytics: yes
  • Affiliate Programs: yes
  • HitBTC API: yes

Full Review

A crypto exchange HitBTC has been successfully operating in the market since 2013, providing users with high quality services and advanced trading opportunities. The company’s goal is to achieve become well-known worldwide and turn to be a leader in crypto trading. To meet this objective it’s important for the exchange to provide its users with safe and profitable trading, simple and convenient operation of the terminal, etc. By the way, it’s positioning itself as a global trading platform. Investments in the amount of $6m were invested in the development of the exchange, which enabled to provide traders with a worthy service for the purchase and sale of cryptocurrencies. Due to a large number of assets, low commissions, demo trading and trading opportunities without verification, the site is a serious competitor for the leading crypto exchanges in the market.

Certainly, like many other potential clients of this crypto exchange you are eager to know for sure whether it’s another scam or something you could confidently entrust your capital to earn a decent income. Let’s answer this question here below.

HitBTC Review. Is HitBTC a scam?

The HitBTC trademark appears to be the property of a large organization of HIT Solutions Inc. To create the exchange, an agreement was concluded on cooperation with professionals from several areas: development, trade and finance. Such impressive investments made it possible to implement such a unique resource engine with a cutting-edge order matching mechanism, which provides a high level of resistance to failures.

Today, the HitBTC exchange is a simple terminal, which is quite intuitive for professional market players and beginners of crypto trading. The platform offers not only crypto trading, but also an advantageous exchange of cryptocurrencies in fiat money (GBP, USD, EUR). To exchange funds, you should go to the hitbtc.com website in the “Exchage” tab. Here you can conduct transactions with many virtual currencies, such as Ethereum, Dash, Bitcoin, Litecoin, etc. The most popular trading pairs are BTC/USDT and BCH/BTC.

The HitBTC exchange provides an opportunity to work even if there is no registration. Additionally, unlike other websites, it offers demo trading, enabling you to try your hand at the market without risks and learn more about the advantages of the resource. Thanks to an order book, analytical materials, graphs and tables it’s convenient to be always up-to-date with the current dynamics of cryptocurrencies. Among the key advantages of the company one should mention low commissions, high quality support service, market and pending orders, to say nothing of an advantageous referral program.

The HitBTC exchange provides security of crypto trading (learn how to earn on cryptocurrencies here) using modern encryption methods and a two-stage authentication. Additionally, it has implemented  automated logging out of the account (if the user does not show activity on the site). Other security means include trader activity history and so-called cold wallets. All materials of the official website of the exchange hitbtc.com are offered in English and Chinese.

 

Replenishment and withdrawal of funds

The HitBTC exchange offers a limited number of opportunities for withdrawal and replenishment of funds. In order to replenish the account or withdraw your funds, you can use the following options:

  • SWIFT payments in US dollars,
  • SEPA payments in euros,
  • Cryptocurrencies (Bitcoin, Dash, Ethereum, Zcash, Litecoin, etc.).

Verification in the system will be required only for transactions in fiat currencies. However, to work with cryptocurrencies (the whole truth about cryptocurrencies you can learn here) you don’t need to undergo this procedure.

 

Complaints about HitBTC

Today HitBTC is a stock exchange, which is very popular with European traders, who mainly leave positive feedback on forums and thematic web resources as for trading on the website.

The thematic forums provide the minimum number of reviews on the exchange by users, who often point out to the following advantages: a large selection of assets for trade, reliability and security of the exchange, a comfortable interface, low commissions. Additionally, a few reviews of traders tell about problems of the exchange: issues with registration, withdrawal of funds, exchange of cruptocurrencies, lack of communication with technical support.

 

Regulation of the crypto exchange HitBTC

HitBTC is a UK registered trademark owned by HIT Solution Ltd. The organization adheres to the legislation of the registrar country and the provisions of AML/CFT. All users working on the platform should be aware of the risks of trading in digital currencies. The exchange carefully studies the personality of each trader, collects all the necessary information, monitors the actions of users on the site. Certainly, the crypto exchange is strictly obliged to counteract fraud, unlawful actions of its clients who break the laws of the country- regulator. More information is provided in the “Legal information” section on the HitBTC website.

The document “Privacy Policy” defines how to disclose information about customers. In this case, the exchange management introduces new rules and technologies that can protect user data (for example, General Data Protection Regulation, OPPA, CAN-SPAM, COPPA). HitBTC collects the most complete information about its users (the registration date, visits, visited web pages, etc.). If required, it requests personal information of customers in order to improve the overall quality of the resource and improve the website. This information is also required to personalize users and process payments. The exchange is obliged not to sell or use this data anywhere for the benefit. It’s expected to do its best to ensure the sufficient security and confidentiality of any information about its customers. By the way, processing and storing of information occurs in the territory of the EU. Information about the user can be disclosed to third parties (the government, law enforcement agencies, etc.) to prevent fraud, comply with the law of the country-regulator and also to protect the rights of the company and other users.

On the HitBTC AML Policy website you can get familiar with the principles of combating the legalization of proceeds from criminal deeds. The company is obliged not to participate in fraudulent schemes, support terrorist and criminal activities and finance terrorism. The policy of combating money laundering requires preventing money laundering and proliferation of weapons of mass destruction, etc. To do this, the corresponding staff is created, whose activities include a thorough check of the identity of users by a special employee of the company, monitoring of transactions, assessment of possible risks. Separately, the exchange tells the user about the policy of working with Cookies, designed to facilitate interaction with the site. It simply helps to remembering the users’ preferences. Cookies help the company to monitor the work of the resource and interact with its content. The user has the right to turn off this information or delete it. More information about Cookies is available in the “Cookies” section of the HitBTC website.

Read the Legal Information on the HitBTC website
Read the Privacy Policy on the HitBTC website
To view the AML Policy on the HitBTC website
Read the Policy on Cookies on the HitBTC website

 

Is HitBTC a scam?

Today HitBTC appears to be one of the newest trading platforms and crypto exchanges in fiat money. The resource works quite successfully, provides its clients with a slew of opportunities, including unique ones. The company is seriously set to take the leading positions in the market. For this purpose it’s paying much attention to the overall quality and uniqueness of its service, professionalism of the managers of the support service as well as provision of profitable tariffs.

Among the advantages of the site, which definitely stand out from what competitors offer, one should mention a huge selection of cryptocurrencies (learn here how to earn on cryptocurrencies), low commissions, a possibility of trading without verification, fast withdrawal of funds, convenient currency exchange. A simple and understandable terminal has a lot of opportunities for effective work (orders, graphics, an order book, etc.). It will be convenient for both new market players and true professionals. It’s equally suitable for English-speaking users and those speaking other languages. The exchange also provides an opportunity to undergo training, which allows clients to work safely with their funds on a demo account and get acquainted with all the possibilities of the site hitbtc.com before starting trading in real money. It’s very convenient and greatly contributes to the company’s reputation.

The given exchange is very popular with European traders who often leave positive feedback about working with it. Users praise a wide range of tools for trading, security of crypto trading, an intuitive interface, etc. as for negative moments, they point to problems with withdrawal of funds and registration. It is important for the company to provide its customers with only reliable functionality and secure trade. For this purpose it employs up-to-date data encryption methods, cold wallets, a two-step authentication, automatic logout from the user account, detailed history of the trader’s activity.

Now it’s hard to label it as a scam. It’s because the company has serious plans to take leading positions in the market. It constantly develops and never forgets about its duties to traders. The company provides safe and quality services for trading and exchange of cryptocurrencies. It ensures stability of withdrawal and replenishment of funds, correct work of the official website of hitbtc.com and its main services. Should we call it a fraudster? Perhaps, we shouldn’t, as we see it’s a promising, rapidly evolving trading platform, adequately represented in today’s crypto market.

 

Conclusion

In spite of the fact the HitBTC exchange happens to be a new trading and exchange platform for cryptocurrencies, it’s all geared up towards achieving leadership positions in the market. Today the company is adequately represented among competitors. It has its successful development strategy, which suggests providing high quality, safe and unique services. A possibility of demo trading, professional trading without registration, low commissions, quick withdrawal and replenishment of funds, an intuitive interface of the trading terminal, high quality analytics – all of this makes the work with HitBTC not only functional but very effective.

The very fact that the company is moving in the right direction is proved by a large number of regular customers who publish positive reviews about the resource on the web. Many traders actively use the exchange, noting on the Internet both its positive and negative sides. Today we won’t evaluate the company as a scam. However, real reviews of traders about trading on this crypto exchange, which we are already waiting for, will not only warn users of possible problems in its work, but also affect its ratings on our web portal.

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