Hitbtc Cryptocurrency Exchange

how to sell on hitbtc

For example, at the time of writing the exchange offers a mailing address in Hong Kong, however it also claims to have office representatives in Chile and Estonia. This should act as a major red flag when dealing with an exchange, not least because if anything happened to your funds, it would be difficult to know where to turn to. Satisfied users usually praise the exchange functionality and a big number of available trading pairs. Other people mention such flaws as a slow support team and technical shortcomings of the exchange. 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. Also, the RESTful API allows making transactions between the main and trading accounts.

  • As soon as the deposited funds show up in your HitBTC account, you can make your first trade.
  • By this measure, HitBTC holds the fourth position on the entire market.
  • 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 is a cryptocurrency exchange that was founded in 2013 and officially launched in February 2014.
  • Subsequent requests will result in reduced latency as the TCP handshaking process is no longer required.

If, however, you choose a 9,950 USDT limit buy order, you would be the maker. Please note that HitBTC reserves the right to revise its rates, fees, and limits at its discretion, to reflect the changing market conditions. The chief aim of maker-taker fees is to stimulate trading activity within an exchange by extending the incentive to post orders and facilitating trading. By your side 24 hours a day, our support team will assist you with any issue or question you may have. With that being said, unlike its peers, HitBTC does not have a public face to represent itself and by the looks of it, likes operating under wraps.

Hitbtc Security Measures: Is Hitbtc Safe?

The reason why they’re so secure is because your private keys are stored offline. Try to analyse the exchanges data, and possibility that you can actually sell mined coins. Some coins might be very high in the ranks, but with zero buy orders and very small trading volume. HitBTC customer support team operates 24 hours a day and monitors the system operation page. Also, it offers the below options for the users to contact them through the below channels. As per our HitBTC exchange review, the first step is to select a trading pair. To do this, the user should select the main currency which is available in the header of the chart along with the choice of trading pair.

How do I transfer money from HitBTC to bank account?

At first, make sure that the coin you’d like to withdraw is held in your Wallet account or Spot account. Transfer the funds from the Spot account if needed, then hit the “Withdraw” button. Specify the amount you’d like to withdraw.

If you’re into daily trading this is especially important to you. This is one of the best security features when it comes to HitBTC exchange. You can whitelist the addresses to which your funds can be withdrawn. This means that even if your account and email are compromised, you stay protected.

Securely Manage On Hitbtc

This can look quite intimidating if you’ve never traded before. On the right side of the trading screen, enter the coin that you want to buy, and then click on your chosen trading pair. To turn it on you should use a side application that will provide you with temporary codes generated automatically on your mobile device.

$wLITI lists on Changelly PRO, on the heels of HitBTC and – GlobeNewswire

$wLITI lists on Changelly PRO, on the heels of HitBTC and.

Posted: Mon, 30 Aug 2021 07:00:00 GMT [source]

When the deposited funds are added to the account, the user can proceed with making a trade. The user clicking the exchange button will be taken to the trading area.

How To Deposit & Withdraw On Hitbtc?

It is definitely NOT beginner friendly, and support may cause a lot of headaches. But for high limits, a range of currency options, detailed information, and very low fees, it is worth the pain. Mind that HitBTC’s withdrawal fees are far higher compared with other exchanges, so it might not be the best option for depositing small fractions of cryptocurrency. You will need to create a separate account for the demo platform. For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety. The Security section of the Settings menu also allows the user to see all logins to their account so that they can check to see if there’s an IP address and/or location they don’t recognize.

Sentinel Network Reports Theft of 40M DVPN Coins in HitBTC Breach – Coindesk

Sentinel Network Reports Theft of 40M DVPN Coins in HitBTC Breach.

Posted: Fri, 20 Aug 2021 07:00:00 GMT [source]

HitBTC has around six million venture capital investments in Hong Kong, but it focuses more on the European crypto markets. In general, HitBTC is a good platform for pro traders that know what they’re doing.

Hitbtc Reviews

From there, you choose the row corresponding to the currency you wish to deposit and click “Fund.” You will now get a wallet address, both the string of numbers and letters and a QR code. For each of the trading pairs, Borrowing Limits apply, regardless of whether a trader wants to go short or long. An individual trader will not be able to go beyond these Borrowing Limits at any time. Other than that, the exchange also implements cold storage and advance encryption features when it comes to its infrastructure so users’ funds could remain safe and secure at all times.

  • 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.
  • FIX API is an electronic trading protocol that allows execution of all possible financial operations with different assets and working with the market data.
  • Zoe, you should contact Hitbtc support team, they are very helpful.
  • That’s the best exchange I’ve used compared to any other.
  • It’s important to fill the additional identifier fields that certain currencies have.
  • HitBTC keeps the money then sells their ID information on the web.

Traders can also monetise their trading algorithms by letting others invest in them for a fee. Limit orders are used by traders who have decided on the price at which they are willing to trade. So, if you use a limit order, you choose the price yourself. After your coins have been transferred to the Trading account, go to theTrading Terminaland feel free to set up an order.

Lending Platforms

It’s a simple thing that you have to respect if you want to be protected. That’s what I did – yes it took some time but I succeeded. I don’t believe its a scam but suffer serious deficiency in their level of support and commitment toward traders. I’d say other exchanges don’t provide such a good quality of service. Overall, HitBTC is possibly worth consideration if you are looking for a well-established exchange with high volume and liquidity or need access to an API.

how to sell on hitbtc

Once you reach tier 8, that is trade 50,000 BTC per month or more, HitBTC will start paying you a rebate of -0.01% per every completed trade. Nevertheless, what is hitbtc HitBTC exchange is open about its official location. Its official mailing address is Av Vitacura 2969, Las Condes, Región Metropolitana, Chile.

These fees are extremely competitive, meaning that the platform is potentially suitable for high-frequency traders. The traded price of digital tokens can fluctuate greatly within a short period of time. Founded in 2014, HitBTC only charges its users 0.01 percent per trade. HitBTC might request its users to provide the information that helps to contact, locate and identify them. BTC/USDT Chart on HitBTC exchangeUser reviews about HitBTC exchange are mixed. Some of these reviews have dated badly, some lack important facts, and others don’t address the exchange criticism properly.

how to sell on hitbtc

We’ve covered everything from fees, regulation, supported coins and countries, user-friendliness, and more. In the past, KYC on HitBTC was not a mandatory procedure and some users were getting angry when they were requested to complete a KYC check suddenly. Some even have been thinking that these KYC checks are only an excuse for illegal withdrawal delay. Currently, completing the KYC procedure is a must on HitBTC. One cannot deposit any money before providing the requested personal data. Now let’s name the most significant numbers that will help us to realize the scale of this exchange.

How To Buy Crypto On Hitbtc?

Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. In July the exchange burned a total of 25,539,150 HIT tokens (about 4.7 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,974,460,850 HIT as a result of this recent burn.

Finally, stop-limit orders let you make a limit order for a specific price. When it reaches this stop price, your stop-limit order turns into a limit order. With this type of order, you specify the stop price and a limit price. Reaching the stop price is what triggers the limit order, using your selected limit price. Like stop orders, this order won’t show in the order book until activation and doesn’t require any reserved funds. Now, you can choose which type of order you want to complete in the Buy and Sell boxes. The website gives you a brief description of each – market, stop, limit, and stop limit – if you hover over the relevant question marks.

how to sell on hitbtc

Using a starter account, the trader can start trading immediately, keeping in mind that it is limited to cryptocurrency deposits and withdrawals. The limits are set to 1 Bitcoin daily and 5 Bitcoin monthly withdrawals that do not need verification. It was originally started with a six million euro investment, and was a true group effort between traders, developers, and investors. It was started with the goal of creating an advanced trading platform for professional traders.

  • It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too.
  • Then, choose the currency you wish deposit and click the icon.
  • Click on the ‘Sign Up’ button to move onto the next stage.
  • The price and value of any investment in digital asset products can fluctuate.
  • There’s a fast engine, low commission fees, 150 instruments, and a highly detailed interface for pro traders.
  • While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. Coinbase or Kraken), there are other very well-known industry leaders that are located all over the world.
  • If you want your account to be extremely secure make sure to create a strong password.

The real context behind every covered topic must always be revealed to the reader. Cryptocurrency has the capability to change the way we transact and so much more. You can read about the recovery of mistakenly sent depositshere. Trading fees can be charged for placement and execution of certain orders.

Author: Jacob Passy

Leave a Reply

Your email address will not be published. Required fields are marked *