how to sell on hitbtc

One of the main concerns regarding HitBTC is accountability. The reason for this is that it still remains to be seen where the company is actually based.

  • I have decided to avoid Hitbtc at least for the time being.
  • This facility of using a bank account is only available for users who have completed their KYC.
  • Meaning you cannot transfer it back to spot to trade again.
  • If the user wants to withdraw funds, they need to go to the account section, choose the coin and click the withdraw button.
  • HitBTC offers the highest level of security using 2FA and advanced encryption technology.

You should then see a long list of coins that you can deposit with. For ease, simply enter your chosen coin into the search box. Once you’ve found your coin, click on the blue ‘+’ button underneath the deposit column.

What Information Can Be Requested By Hitbtc?

In the next move, you have to enter your residence, full name, and telephone number. In the last part, you will have to verify your email address by clicking on the link that HitBTC will send to you on your email address. To access it, just click the Try Demo button on the dash. The more verification you give, the higher your limits. All orders older then 24 hours without trades are deleted. An order book is an electronic list of buy and sell orders for a specific symbol, organized by price level.

You may be asked to verify your identity later, though. HitBTC is a cryptocurrency exchange which is famous for its wide variety of coin listings and advanced trading features. It supports more than 400 cryptocurrencies, including all the major crypto-assets. As is the case with most third-party cryptocurrency exchanges, HitBTC only offers a web wallet. This type of wallet offers the lowest security on your funds, not least because you have no control over your private keys. This means that should the platform get hacked, your funds are largely at risk.

How To Deposit On Hitbtc?

The platform was created in 2013 and provides exchange, custodial and other related services. HitBTC offers a range of APIs such as REST, WebSocket, FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders. Users can take advantage of competitive trading fees via HitBTC’s Trading Fee Tier system. HitBTC is a crypto exchange that has over 800 trading pairs. The platform was created in 2013, and provides exchange, custodial and other related services.

While such a verification process is quite regular to all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. HitBTC allows you to trade the most popular cryptocurrencies and widespread fiat currencies, including USD and EUR. The main company’s goal is to introduce crypto traders to the most advanced technologies. Today, I’ll introduce to you HitBTC, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies.

Socket Market Data

Now, while such accusations cannot be substantiated with any certainty, if the general consensus is that HitBTC has suffered multiple hacking attempts, then it is likely to be true. Once you’re on the trading screen for the coin you want to buy, scroll down below the main chart. When the link opens a new tab, you will need to copy and paste the code that was contained within the email. The price and value of any investment in digital asset products can fluctuate. In order to diversify its product range, HitBTC also allows you to trade on margin. However, once again, this is best suited for those with an advanced knowledge of trading.

They should look for the IP address or location they don’t recognize. Just in case there’s an IP address that the user doesn’t recognize, they terminate all the sessions with one click. They also have options that let them automatically log out of all the sessions at a regular period. The Demo option is available at the bottom of the screen, or you can directly click here to enter the demo.

Lending Platforms

HitBTC is a complete fraud and scam the people responding to these comments are paid employees of HitBTC. They have locked me and hundreds out of their accounts stolen our identity and kept the money for themselves. It’s the first exchange with such a big number of coins and tokens. You can argue with me, but my opinion is that this is the best exchange at the moment. I have many reasons to believe that you won’t find a perfect exchange . About HitBTC I can say that it’s just a common crypto exchange. They do have this verification process but it is not as long and complicated as you describe it.

How to eliminate FOMO and stick to a cryptocurrency trading strategy – Cointelegraph

How to eliminate FOMO and stick to a cryptocurrency trading strategy.

Posted: Thu, 02 Dec 2021 16:07:30 GMT [source]

Trades might also be happy to start using the HitBTC mobile app for iOS and Android devices. The app is available on Google Play Store and Apple’s App Store. Learn everything you need to know about Bitcoin in just 7 days. Make sure the currency you want to withdraw has been moved to your Main Account from your Trading Account.

Trading

Please do your own research on all of your investments carefully. Now you can proceed to the trading terminal or the “Exchange” page. Select a trading pair in the “Instruments” section and set up an order. Go to your Account page or select the green “Deposit” button in the top right corner of the main page. The username and password are the ones you registered on HitBTC, and the PIN can be acquired via the Google Authenticator app.

According to its official terms of use, the USA residents are not permitted to use the service that also includes other jurisdictions within the USA. According to our HitBTC review, the trading fees of HitBTC are the lowest when compared with any other best Bitcoin exchange, and verified users should pay 0.1% as a maker fee and 0.2% as a taker fee. While the verified users fall into the category of HitBTC tier fee system that determines the higher trading fees depending on the trading volume carried out in the past 30 days.

HitBTC customer reviews differ on different platforms. Often it’s some mix of positive and negative information about the exchange. These orders give an opportunity to sell or buy the chosen instrument at the market price . The final fees and totals are not known from the beginning because the price is going to vary while the order is open. All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment.

how to sell on hitbtc

I initially reviewed HitBTC back in 2014 when I just started out 99Bitcoins. Overall the exchange made a very good first impression. You will only need to verify your identity at HitBTC if you want to deposit and withdraw funds using a bank wire.

No, HitBTC is one of the few exchanges that has not been hacked till now. HitBTC is considered a secured exchange, and it is one of the few exchanges that have not undergone hacking before. We show reviews chronologically, and you can filter by star rating, what is hitbtc language, location, or keyword. According to their website, Hitbtc is located in Hong Kong, with their offices in Chile too. The postal address of Hitbtc is Unit 19, 7/F., One Midtown No.11 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong.

It suggests creating a strong password that you change every several weeks. You can set up the two-factor verification via the “Security” tab of “Settings,” activating it for withdrawals, logging in, and/or adjusting your settings. For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address. After selecting “Withdraw,” type your authentication code, assuming you enabled two-factor authentication for withdrawals.

Who is the owner of Hotbit?

Marcy Boyle is the CEO and co-founder of Hot Bit VR, a upcoming webVR marketplace of experiential social shopping.

Using the “Search” field that you’ll find at the top of the page find the cryptocurrency and click the “Deposit” column. After doing that you’ll have a generated wallet address. The Demo account is suitable for beginners who want to have a real-time experience in trading.

Buying Bitcoin On Your Hitbtc Account

Now that you have created your HitBTC account, you will now need to deposit some funds. If you want to deposit funds using a bank account, you will need to go through a verification process. This can take quite a while at HitBTC, so we’ll show you how to deposit using a cryptocurrency. The reason for this is that you don’t need to verify your identity, and it usually takes no more than 20 minutes for the funds to show in your HitBTC account. Due the number of supported coins that HitBTC lists on its platform, the exchange is also useful if you are looking to engage in day trading.

  • Firstly, the platform is not in any way regulated, which is a major concern considering they’ve been around since 2013.
  • This is ideal if you know the price at which you are willing to trade.
  • The real context behind every covered topic must always be revealed to the reader.
  • Another security feature available for HitBTC users is whitelist.
  • The interface, longer wait times, and range of instruments may be negatives for newcomers.

It offers several measures to maintain the data and ensures the traders use two-factor authentication. Also, HitBTC users are prompted for a password when a new account is created for security reasons.

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.

how to sell on hitbtc

HitBTC’s Basic Account allows for anonymous trading of cryptocurrencies, albeit at modest levels. The interface, longer wait times, and range of instruments may be negatives for newcomers. Still, any exchange with the most cutting-edge technology is going to attract traders. To qualify for HitBTC’s OTC service, you must exchange over USD 100,000 per trade. The exchange team typically responds within 24 hours, but, in my experience, the resolution of some issues may take several weeks. Submit a ticket feature, allowing you to reach out directly to the exchange’s support team.

Kindly present the chain of such events in chronological order. Please attach screenshots, which will confirm each step. The KYC designed by HitBTC has proven to be a fraudulent scheme to hold traders funds on an indefinite basis, even though users are complying with everything which is being asked of them. It is clear that Hitbtc are active socially and they use the media to impose fake positive reviews and claim that they have superior support while everyone knows that they are the worst on this planet.

Despite this, HitBTC has gone on to be an operational exchange since around 5 years and remains one of the prime spots for newer cryptocurrencies. ModiHost, a hotel management system, harnesses the power of AI to take the hospitality industry to the next stage in its evolution, using AI to run hotels more effectively than ever before. Additionally, it eliminates outdated procedures, reduces repetitive workload and raises staff efficiency, resulting in lower costs. If you completed each of these steps you managed to successfully deposit funds into your HitBTC account.

Author: Romain Dillet