How to Deposit funds to your HitBTC account. See all 21 articles. Howto 5. How to create an account. What are withdrawal fees? How to locate transaction hash. Best Bitcoin and Crypto Trading App – HitBTC. Issues 5. How to download HitBTC app. Dec 28, · Fees. The platform announced that users would be charged a fixed fee for all bitcoin deposits starting December 22, Friday – the deposit fee would be deducted from the amount of any incoming transaction to HitBTC which will be worth BTC. 42 rows · The Interest is charged 3 times per day at UTC, at UTC, and at UTC .
Hitbtc deposit fee btcHitBTC Review () - Is It Trustworthy?
Founded in and launched in February , HitBTC is an advanced cryptocurrency exchange specializing in altcoin spot trading. It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of HitBTC team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment. Nevertheless, HitBTC exchange is open about its official location.
During its six and counting years of operation, HitBTC had a colorful history with numerous accusations. There are many posts on social media, forums, and review sites pointing out all sorts of issues with the website.
One of the more notable rumors surrounding the exchange includes the hack of BTER and Excoin exchanges. HitBTC also went offline at the same time, but never acknowledged any losses or that it experienced a security breach. In and , many users have complained of slow HitBTC support response times, and some users also experienced issues with fund withdrawals. This happens for safety reasons only — it is standard procedure, and we do it simply because the security of our customers is our top priority," HitBTC spokesperson told Cryptonews.
In recent years, HitBTC has become a top exchange in terms of market liquidity, competing with such exchanges like Bitfinex and Binance. CryptoCompare even grants HitBTC the highest score in the data reporting section, indicating that the exchange's liquidity must be real competing unregulated exchanges that fake most of their trading volume.
The exchange is often accused of lack of transparency and shadowy businesses practices; however, there is no tangible evidence for these claims. It also values users' data and privacy and is entirely GDPR compliant , as you can delete your data from the exchange at any time. HitBTC runs a global operation. However, its terms and conditions specify that citizens and residents, as well as companies from the following countries, cannot use its services:.
HitBTC has several different verification tiers. Unverified accounts start as Starter, and verified ones receive upgraded account status. In order to get verified, you will have to submit the following documents:. Although HitBTC verification is not forced, upgraded accounts enjoy numerous benefits like the ability to regain access to the account in case of losing password or two-factor authenticator and lower trading fees.
The service is accessible via bequant. Trading cryptocurrencies on HitBTC comes with a simple fee structure. It does not charge fees for cryptocurrency deposits, but incur a cost for placing orders and withdrawing funds from the platform. HitBTC trading fees are among the lowest in the industry. Unverified users pay 0. Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges.
As you can see, there is a significant difference in HitBTC trading fees for verified and unverified accounts. When it comes to cryptocurrency deposits and withdrawals, there are no fees for making deposits with HitBTC. However, there are flat fees for withdrawals, and these can be particularly high for some of the newer cryptocurrencies listed on the site. As an example, the following is a list of the one-off fees charged for withdrawing some of the more popular currencies:.
In this regard, HitBTC withdrawal fees are some of the highest amongst all cryptocurrency exchanges. To sum it up: HitBTC offers some of the lowest cryptocurrency trading fees amongst all crypto-to-crypto exchanges. At the same time, its cryptocurrency withdrawal fees can be unreasonably high for certain coins, making HitBTC fees a sort of mixed bag.
While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto. HitBTC does security well. For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety.
And just in case someone else happens to be logged into their account, they can click a button that terminates all sessions except theirs.
New support ticket. Check ticket status. Why it is important to secure your account? What security tools are available on HitBTC? Someone logged in to my account. What should I do?
What is 2-factor authentication. Howto 5. How to create an account. How to read crypto order books. How to make a first trade. How to verify your account. How to read a candlestick chart. Account and security Issues My password isn't working. How to set up a corporate account. How to close my account.
Articles 9. How to enable 2FA with a code-generating app. How to protect your account from social engineering. How to protect your account from intruders. How to whitelist HitBTC in your mailbox.
Update it for a better user experience. Exchange Markets System Health.