Through this strategy, traders can increase the value of their deposit through the means of collateral, thereby accessing a higher profitability potential. Margin trading is extremely risky however, as users must cover any loss caused by falling crypto prices. For the BTC/USDT margin trading pair, users can expect a 1M USDT borrowing limit for long positions. You can find information about fees for inactive account in our Terms of use (clause 17.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy. This is a standard practice that exists on other exchanges as well. HitBTC team members have designed the HitBTC platform with diverse types of users in mind, with various accounts for them to choose from based on their trading style.

• After reviewing many exchanges, these problems don’t sound so unusual to us (unfortunately).
• However, you can buy bitcoins using your Visa or Mastercard via service provided by Changelly that is built-in the HitBTC account.
• You can find information about fees for inactive account in our Terms of use (clause 17.4).Please note that HitBTC is not the only platform to implement the inactivity fee policy.
• DYDX is a native token of the decentralized derivatives exchange called dYdX.
• Although the mailing address is in Hong Kong, it claims to have an office in Chile and Estonia.
• As many other users I got all my balance taken because of Terms of Service (paragraph 17.4).

Why Have Exchanges Like HitBTC is lacking

• It’s also important to point out that even among the highest-quality exchanges, there are problems for the new user.
• The support team has replied to you on May 4th and provided you with instructions.
• On the right side of the screen you can view different trading pairs under “Instruments”.
• After this, you will see the unique deposit address of the coin you selected.
• This is a distressing development for a well-known, high-quality exchange, once known for its wide range of supported assets and ease of use.

OTC trading provides an environment for stable prices independent from the trends. The counterparts agree on the price between each other, no matter what the market prices are at that moment. Apart from fees, the exchange is not mediating the deal. HitBTC is a https://www.tokenexus.com/ high-liquidity platform that provides instant order processing and reduces transaction costs. Therefore, due to its high liquidity, the platform creates low transaction fees. Also, on the HitBTC exchange, there are such coins that are not on other top sites.

Currency Options

In this case, it’s better to trust your instincts and remember the golden rule – never trade money you can’t afford to lose. However, as an unregulated anonymous exchange in an obscure location, HitBTC does draw some criticism. Consequently, a mysterious exchange like HitBTC will always have many followers pleased with its services and countless opponents hitbtc reviews dissatisfied with its lack of transparency. Select a currency from the chart’s list, and the page will instantly refresh and display information about the chosen trading pair. Hitbtc is most secure exchange till now as of my experience. For some cryptocurrencies, you will also need to copy and paste your payment ID that’s also called “Destination Tag”.

HitBTC Trading and Withdrawal Fee Schedule

This is due to the fact that almost every other cryptocurrency exchange uses a one-account system. Therefore, having a two-account system does create a little confusion. First up in our HitBTC review, we examine the user interface.

Trading is not as easy as it might seem in the first place. If you haven’t done that before, you could make trades that would bring you huge losses. To avoid that, it’s important to figure out how the platform works first. Ripple’s co-founder Chris Larsen has lost some personal XRP accounts to hackers, resulting in XRP’s price briefly declining below the $0.50 psychological level.

Enter the name of the coin you prefer in the search box. I am open to share my experience and enlighten everyone on how I was able to withdraw my money from this acmes company. Further, the copied address must be pasted into the column “Recipient address” in the wallet from where you transfer funds. It remains to wait for the funds to be credited and you can start bidding. On the right side are presented forms for registration and a button to enter your personal account, if you are already registered.