The VibraVid platform is the world’s first blockchain application to successfully integrate the BitTorrent File System as its decentralized storage solution of large audio and video files. The implementation of BTFS Mainnet eliminates the possibility of a central point of failure for VibraVid’s library of files, an issue centralized streaming platforms suffer from today. If you have concerns and questions you can contact the support team or use the so-called “Trollbox” on the main page of the website. Generally speaking, Trollbox is a chat where users and moderators ask questions and discuss any stuff related to HitBTC. Not sure if this chat is more helpful than the support ticket, but there’s always a chance that fellow users or moderators will answer your question quicker there. Only those users who have 0.01 BTC in their account can write in chat. FIX API is an electronic trading protocol that allows execution of all possible financial operations with different assets and working with the market data.
Does HitBTC require verification?
The KYC verification is a mandatory procedure aimed at verifying the identity of HitBTC traders. This procedure requires that users provide to us several scanned documents, which our Compliance department uses to conduct their background checks. This important step ensures the security of all of our traders.
Using a demo account, users can try their hand at trading without risking any financial investment. They can trade simulated funds in order to get a feel for trading and educate themselves. At the same time, all the market data in the demo is the same real-time data from the real HitBTC exchange. Trading can be done manually or via the API – the test mode is as responsive as the regular exchange platform. HitBTC is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features.
Hitbtc Is The Most Advanced Bitcoin Exchange
The company offers a wide range of tools that meet the requirements of the most demanding users who prefer to use low-latency and trustworthy systems delivering peak performance. High liquidity and consistent trading volume improve the experience for both retail and institutional investors. HitBTC is a blockchain platform where you can buy sell bitcoin and get customer service. Margin trading – For traders who want to leverage their trading, HitBTC offers cryptocurrency margin trading through the MetaTrader 5 Terminal. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
Also, FIAT limit would be $10,000 per week and $50,000 per month; for deposits and withdrawals. When the project was launched, it managed to attract 6 million USD via Venture Capital investments.
Hitbtc Trading Volume
However, the terms change when the trading volume increases. It is calculated for 30 days to determine the fee and reward. When the trading volume reaches 6,000 BTC, the maker stops paying fees and gets rewards instead. After evaluating the HitBTC APIs and trading features, it certainly has the feel of an institutional trading platform.
In general, HitBTC is a good platform for pro traders that know what they’re doing. But negative reviews about support, a long verification process, and confusing interface mean it isn’t the best place to start.
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However, most of the problems were addressed by the company later and it doesn’t seem that there are any real reasons to suspect HitBTC in being a fraudulent platform. Generalaccounts– For this tier you can, of course, deposit crypto currency for free. Your daily withdrawal limit is EUR 5,000 worth of cryptocurrency per day. It’s important to note that FIAT transactions are not available for the general verification tier. HitBTC has Over The Counter trading services for high-volume traders. OTC traders happen due to the result of the partnership with TrustedVolumes.
It isn’t easy, but it is well worth it for professional traders. First, navigate to the verification requirements what is hitbtc so they are in full view. This European-based exchange is a favorite among professional traders.
Transfer Funds For Trading
Then, go to your private wallet, paste that address, and transfer your funds. In May 2020, the platform signed a partnership agreement with TradingView, a social network for traders specializing in charting software.
However, some sources were claiming that HitBTC was hacked with BTER and Excoin. It has a mobile app for both Android and iOS versions of smartphones. It is a secure platform, which has never been hacked till now. After you sign up and connect your first exchange account, you’ll deploy an investment-maximizing strategy in as few as 5-minutes.
Hitbtc Review: Otc Trading
When you combine this with the lack of customer support, this could be a financial disaster for these customers. On VibraVid, users from around the world can now upload music, listen to music, upload videos, watch videos and earn cryptocurrency instantly.
Makers place new orders, they “make” liquidity while takers “take” the liquidity order by order by matching the existing orders. But for every negative review, there was a positive one from a trusted source. In general, the crypto crowd still stands by HitBTC as a good platform, even if it has support issues and is not user-friendly. Despite being the 5th largest trader by volume and one of the most advanced platforms on the web, reviews have not been kind to HitBTC. I think the extensive verification process, solid reputation, advanced security measures, and increasing trade volume all answer the question “is HitBTC a scam?
Where Is Hitbtc Corporate Office
- It has a mobile app for both Android and iOS versions of smartphones.
- HiTBTC was founded in 2013 by a team of finance experts and engineers.
- This security feature is immediately presented to the user upon accessing Settings, and is used for all logins and withdrawals.
- The exchange keeps on adding new coins to its roster giving a chance of entering the big market for the new crypto projects.
- By this measure, HitBTC holds the fourth position on the entire market.
This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.
Hi, my 2fa key is not working , I upload every things my account email and Id card and deposit informations and my trades informations and transactions links, and my location and my device information but they never respond to me.
— Ahmar Siddiqui (@AhmarSiddiqui8) April 1, 2021
Users have complained about everything from support to withdrawal times to lack of location transparency (are they in London or Hong Kong?!). Low trading fees, small bonus when acting as a maker, none deposit fees for the altcoins.
- PitchBook is a financial technology company that provides data on the capital markets.
- HitBTC and Bittrex are two of the largest trading platforms on the market.
- HitBTC exchange complies to international anti-money laundering and KYC rules.
- What’s worse is a large number of assets that have a dangerously low trading volume.
- It was a milestone for the company that received direct market access to cryptocurrencies.
- HitBTC is a Europe based cryptocurrency exchange that began in 2013 and now is operated by HitTech limited, based in Chicago.
HitBTC 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. HitBTC is one of the world’s largest cryptocurrency exchanges and offers a huge variety of altcoins to trade. Despite being widely used, we’re currently avoiding the exchange due to a number of concerns expressed by its users. In this HitBTC review, we’ll explore the complaints of its users and compare it to the leading competitors. HitBTC is a global platform that bills itself as “the most advanced Bitcoin exchange”. It is well known for low fees, a rapid trade engine, and a vast range of currency pairs.
- HitBTC did not cover themselves in glory as they refused to provide any information about the incident.
- Or maybe I just couldn’t stop comparing them with HitBTC.
- Depositing using the bank account requires a complete verification process, which takes time.
- Nevertheless, some sources name Denmark and Estonia as the residence of HitBTC.
- Reserve of a certain amount of your assets follows after the creation of limit order and the order appears in the order book.
- This platform signals a radical change in the way users can experience virtual reality, moving beyond its previously solitary nature.
If you’ve already got crypto, consider Bittrex over HitBTC. HitBTC is one of the largest and most comprehensive platforms by BTC volume on the market. It is a great place to trade high-volumes of currencies at reasonable rates. However, it isn’t without its drawbacks, and its reputation around the web is in doubt to say the least. HitBTC is extremely popular among traders for its low commission and favorable rebate offering.
Is Coinbase or Gemini better?
Gemini provides features that support institutional investors, while Coinbase lets you earn crypto while learning about trading. Beginners will feel comfortable using either platform. However, Coinbase has a slight edge, as it’s available in more countries and offers more currency types.
In OTC the traders make a deal directly without affecting the market price of the asset. The trading fee for OTC is 0.1% and the deals should be worth at least 100,000 USDT . OTC on HitBTC is curated by the exchange partner Trusted Volumes. The exchange has both FIX and REST API. RESTful API provides access to the market data, order book, and so on. It also allows placing and canceling orders and performing other trading operations.
Author: David Pan