HitBTC is basically a crypto exchange which has over 800 trading pairs. This platform was made, the year 2013. It provides custodial, exchange, and other related services. A range of APIs is being offered by HitBTC, such as REST, FIX API, WebSocket. They developed the UI to meet the needs of the most sophisticated and demanding traders.
If you are a user of this platform, you can take advantage of using the Trading Fee Tier System for a competitive trading fees and rebates. Since they use stringent security is reportedly secure. They are also providing various whitelists and 2-factor authentication. HitBTC has an LD4 Data Center which is located in London. It was reported that data access latency was decreased while the platform’s technical capabilities are expanding. They have offices worldwide. It includes Malta, Santiago, Beijing, London, Rio de Janeiro, Hong Kong, and Singapore.
The exchange in HitBTC continuously adds new coins to the platform’s list, entering a much larger market for new crypto projects. In this kind of industry, HitBTC remains important. HitBTC is one of the oldest cryptocurrency exchanges on the market, but even though there are a large number of competition, it still manages to stay as one of the most successful cryptocurrency exchanges. The platform works a 24/7, where they are hosting hundreds of trading instruments. HitBTC have a total of 870 available trading pairs. For every 24 hours, the recorded trading volume is over $1 billion.
Markets for Litecoin, Monero, Bitcoin, Dogecoin, Ethereum, USDT, and more than 400 cryptocurrencies as a total, including all major crypto-assets are actually provided by HItBTC. This platform is fast and powerful, which was created by outstanding high-level finance professionals, technical minds, and experienced traders. It has earned its reputation for its flawless uptime, high availability, and fault-tolerance.
With HitBTC, you only need an email for verification purposes on your registration, you have a full access to trading, and you also have unlimited balance top-ups.
This was founded using 6 million euros of presumption capital money. The Mastermind of the platform has not been revealed until now, and even the founder of the website is still unknown. HitTech is a company based on Chicago which is the one responsible for HitBTC. Compared to other exchanges out there, HitBTC’s fee structure is different and is fairly competitive. 0.01% is charged from takers and 0.01% is also the rebate to makers. A charge is being required for each exchange for both sides of trading in any form, but the one that can offer a rebate when buying is HitBTC only.
There is no minimum deposit on the exchange of HitBTC, so trading even with just small amounts is allowed. They also provide for trading fees and transactions. A medium is also provided for the exchange of government-issued currencies with cryptocurrencies.
There are three levels of accounts in HitBTC namely, Qualified, Verified, and General. Of course, different levels of accounts also come with its own different advantages and benefits, and most probably, the higher the level, the higher the benefits. If you preferred to be anonymous, then you can do so because the platform allows it. You can register using a pseudonym if you do not wish to use your own identity. HitBTC’s interface is perfect for skilled crypto-experts and seasoned traders. This platform is rich in information that ensures to retain those high-end traders for the long-term.
General is the first account on HitBTC. In this account, you can freely deposit any cryptocurrency.
EUR 5000 worth of cryptocurrency is its daily withdrawal limit. Nevertheless, if you will have a General account belonging to the first tier, you can’t deposit fiat currency (EUR, GBP, or USD). Verified is the second account.
Here, EUR 25,000 is the maximum daily withdrawal limit and depositing of cryptocurrencies is free. You can deposit fiat currency when you belong to the second tier. Qualified is the third and final tier. This is where any crypto deposits you do does not need to be paid. With this, you can withdraw up to $25,000 worth of cryptocurrency per day or more.
The fiat currency allowed for depositing and withdrawals are around $50,000 (USD or EUR) per month and around $10,000 per week.