Hitbtc fees books
There are so many cryptocurrency exchanges on the market nowadays, how do you decide which one you should choose? There is no easy answer but we are going to look at HitBTC and try to gauge how they operate and whether you should look to deposit into one of their accounts.
HitBTC is one of those. HitBTC provides various good features, one being an API that third parties can use on their sites, however where it does fall short is having a dedicated mobile app. Not many exchanges do have them but the larger ones like COinbase do, we think hitbtc is closing in on that territory. Not having an app hitbtc fees books make the user-base limited, with users either having to use their mobile web-browsers or desktop to access the website.
This feature already puts it in front of a lot of other exchanges because it opens them up to first time investors, whereas the likes of Bittrex have to rely on those newcomers going somewhere else before making their way to the Bittres platform.
This review aims at make hitbtc fees books easy for the user to decide which crypto-exchange they would prefer to use. HitBTC was founded by using 6 million euros of venture capital money. It has not been revealed yet, who was the founder of this website, or the mastermind of this platform. It looks to simply be a venture by a company who thought it would be a good idea to start a cryptocurrency exchange. There was also some association with Cryptopay however that relationship was cut short hitbtc fees books the Cryptopay founders decided to exit from any involvement in the platform, a clash of direction is probably the nicest way to put it.
Despite any hitbtc fees books in opinion, Cryptopay tokens are still listed on HitBTC exchange, meaning that the relationship is not completely over. HitBTC was hacked once in early Although not to much came out hitbtc fees books it in the press, users were vocal of hitbtc fees books displeasure on online forums and review platforms.
HitBTC did not cover themselves in glory as they refused to provide any information about the incident. Many users complained of their coins being 'lost' on the platform, as well as delayed or no withdrawals from the exchange. The fees structure of HitBTC exchange is different and fairly competitive when compared to other exchanges out there.
This mechanism or design is followed nowhere else and very much a way of inviting users to buy and not to sell their coins. Every exchange charges both sides of the trade in hitbtc fees books form or another but HitBTC is the only one to offer a rebate when buying.
There might be plenty of advantages to using HitBTC, but a review is incomplete without discussing the downsides.
The disadvantages hitbtc fees books HitBTC are. They provide the users, access to enable 2FA two factor authentication on their accounts, and additionally they also issue frequent warnings regarding protecting your accounts from malware attacks. Some of the ways hitbtc fees books which users can do so is by setting a strong password and not sharing the details anywhere online.
HitBTC pulls a crowd of somewhere around Although significantly hitbtc fees books than Coinbase million and Binance millionHitBTC is still considered a smaller exchange than these. Hitbtc fees books some of the bad press and negative reviews, HitBTC still manages attract large amounts of traffic to its site.
It will need to up its game to be competitive with other exchanges on the market though. USA is followed by other countries like - Russia 6.
Social media websites play an important role when popularising a cryptocurrency exchange or setting trends. While registering for hitbtc fees books new account on HitBTC is easy, verifying your account can hitbtc fees books some time. Do not expect a quick turn-around from HitBTC's hitbtc fees books, users often complain about a very slow verification process.
There are three types of accounts that HitBTC offers. But there is a daily withdrawal limit of EUR worth of cryptocurrency. HitBTC offers a complex but informative interface for seasoned traders, and those who are looking for a platform where they can trade smoothly. It might not resonate well with newcomers and hitbtc fees books time investors, but the interface is welcoming for the experienced.
Detailed charting is provided by their special 'Trading View', and a pop-up feature hitbtc fees books available for in-depth chart analysis. The instrument list is placed next to the pop-up and is divided into four major categories. There is a news section which may come in handy when major news is breaking, you will quickly be alerted to it.
The HitBTC fees structure is one of the most competitive models among cryptocurrency exchanges. They only ask for 0. On the contrary, unlike other exchanges, they reward the makers with 0. The makers are the ones who buy crypto-assets or place bid-requests.
This very much encourages users to buy and not to sell, make sure you have a plan when you begin trading. There is no deposit fee for any cryptocurrency, but there are certain withdrawal fees that vary from currency to currency. Usually they charge only the network fee of the particular cryptocurrency, for Bitcoin it is 0.
HitBTC is certainly cheaper than a lot of its competitors, for instance Coinbase charges almost 1. Bittrex charges around 0. HitBTC is one of the only few with such low fees and a rebate for makers, something that rarely exists elsewhere. Customer support of HitBTC is not talked about very highly on social media platforms.
The customer service executives are slow and do not respond as quickly as they should. HitBTC has a live-chat available in multiple languages, but customers issues appear to be in the 'pending' mode for a long time. HitBTC might have hitbtc fees books advantages and upsides, but the disadvantages are so major that they cannot be ignored.
Out hitbtc fees books all the downsides of HitBTC, it is the slow-withdrawals that they need to work upon to retain their hitbtc fees books. Withdrawals not reaching customers on time, and lost-trades are the most frequent complaints from users. If they resolve some of these issues and focus on improving the experience of their users, they might have a higher user base in future.
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