RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

HitBTC

HitBTC Exchange Review

Centralized

HitBTC is a cryptocurrency exchange that was founded in 2013 and officially launched in February 2014. A HitBTC exchange review shows that during the early days, they offered trading in only a few currency pairs. Today the picture looks much different with them offering trading in over 300 currency pairs across 775 active markets, something that contributes to them being in the top 10 cryptocurrency exchanges by trading volume.

A HitBTC exchange review also shows that they have pretty much from the beginning been open to the idea of altcoins being added and community involvement in the process. For example, they launched a voting program in May 2014 that allowed the community to vote which altcoins should be added.

The security features they offer include, cold storage and two-factor authentication (2FA). This while they provide a comprehensive list of system health checks, including the status of deposits and withdrawals, that is publicly available. A HitBTC exchange review also shows that they offer trading contests with a top 10 leaderboard. This while they offer both margin trading and OTC trading. The latter is available for trades that is larger than $100K in USDT volume. HitBTC provides OTC trading in conjunction with Trusted Volumes, an OTC trading desk that seems to be involved in OTC transactions involving billions of dollars.

HitBTC is not without controversy. They are being accused of freezing accounts – leaving users unable to withdraw funds. This has placed them at loggerheads with influential figures in the crypto space such as Trace Mayer, John McAfee and Tuur Demeester.

  • 24h Trading Volume

    120899.992 BTC
  • Establish date

    2013
  • Headquater

    Hong Kong

HitBTC Exchange Review

  • HitBTC Withdraw

    Dynamic and adjust automatically according to the market. Full list of fees is accessible only to those with HitBTC accounts.

  • HitBTC Fees Discount

    No fee for those who provide liquidity by placing a limit order below the best ask price for the buy and above the best bid price for the sell. They also receive 0.01% of the trade’s value.

    More information on this can be found here

  • HitBTC Trading fees

    0.1%

  • Fiat Deposit

    USDEUR
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes

HitBTC Exchange Score Analysis

HitBTC is a Hong Kong based crypto currency exchange site. Hitbit only offers below average number of markets; however HitBTC has a significantly above average number of tradable pairs. HitBTC offers an industry average commission fee. Concerns for HitBTC include a lack of public information on team members, past hacks, and a lack of insurance in the case of a future hack