Every year, more and more people are willing to profitably buy or sell a cryptocurrency. And the best way is to do it on stock exchanges. Meet the HitBTC exchange. Today we will tell you whether it is worth registering on this platform.
Exchange overview
HitBTC positions itself as a global trading platform for the exchange of crypto-currencies. The platform began its work in 2013. It immediately invested about 6 million to create a worthy service for the purchase and sale of cryptocurrency.
The platform managed to become famous in foreign media. You can read about HitBTC in The Cointelegraph; Digital
Journal; Finance Yahoo
The Exchange promotes its service through social networks. If you plan to work with this exchange, we recommend to follow the news of HitBTC on Twitter; Facebook; Google+.
The leaders of the HitBTC are not particularly interested in the Russian-speaking audience. All information on the official website is presented only in English.
Registration on the HitBTC exchange
Before bidding, first it’s necessary to register. To open an account, the following information should be specified:
• e-mail;
• password (minimum 6 characters, including 1 digit and capital letter).
After this, a letter with verification of the address will come to the indicated e-mail.
Verification
To replenish and withdraw funds in foreign currency, you need to undergo verification. But even without this procedure you can use the HitBTC service. In that case, for input and output only crypto-currencies will be available.
To go through the verification, the following information should be provided:
• full name;
• country of residence;
• date of birth;
• address;
• scans of documents.
How to put in and withdraw money
HitBTC provides several ways to put in and withdraw funds. Among them there are:
• Basic crypto-currencies (BTC, ETH, DASH and others);
• SWIFT payments for dollars;
• SEPA for the euro.
It is important to note that only residents of European countries are able to put in and withdraw funds in euros.
Trade with the cryptocurrency at the HitBTC exchange
After replenishing the wallet for the required amount, you should go to the "Exchange" section. Exchange HitBTC allows you to trade different crypto-currencies. Among them are the following:
• Bitcoin;
• Ethereum;
• Zcash;
• Litecoin;
• Dash and others.
There’s a graph appearing in front of you and to the right of it is a set of all the crypto-currencies available. You can independently create an order for a purchase or sale, or close an already existing position. To create an offer, we drop below and see two blocks:
• Buy;
• Sell.
Under these blocks is a glass of orders. Before creating your offer, please read them. Perhaps you will find a suitable position. All successful transactions are always in open access. The user can find out the time, price and quantity of the cryptocurrency bought or sold.
For the orders that are executed immediately, the HitBTC exchange takes a commission of 0.1%. In other cases - 0.01%.
Trading volume on the exchange
HitBTC is on the 10th line in the rating of the stock exchanges. This exchange can set serious competition for leaders in this area. And it has all the necessary qualities that the platform must possess to be able to make it:
• the ability to trade without verification;
• a large number of pairs;
• input and output in fiat currencies (conventional paper money);
• low commission.
The daily trading volume of the exchange is $ 86,788,000.
Security!
It is necessary to pay special attention to the safety of your wallet on the exchange. If outsiders can enter the cabinet and withdraw all money to their account, it is unlikely to be returned. HitBTC offers several additional features that will improve the security of your account.
- Automatic exit.
If the user doesn’t show any activity on the website for a long time, it automatically withdraws him from the account. You can set different time intervals. In addition, there is a separate button "Terminate all session". It is useful for the cases when the user enters his private cabinet from the other devices. - Two-factor authentication.
The password is just the first level of protection that a hacker can easily circumvent with the help of malware. HitBTC offers two-factor authentication for Google to log in to the account, withdraw funds and change settings in private cabinet. - Activity.
You can always browse from which devices and where you entered your personal account. If you see someone else's IP-address, be sure to change the password immediately and close all sessions.
Advantages and Disadvantages of the Exchange
Advantages
Among the main ones:
• a large number of pairs;
• input and output in fiat currencies;
• trade without verification;
• due level of security;
• a long period of work.
Disadvantages
If you evaluate this exchange on the part of Russian-speaking users, then the disadvantages find themselves. Among them:
• lack of Russian language;
• impossibility to replenish the account or withdraw money in euro;
• lack of a mobile application for trade;
• significant lag in the trading volume, compared with the leaders in the cryptocurrency exchange.
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