According to the official website of HitBTC, it claims to be the “most” advanced Bitcoin exchange in the world. Well, we too got curious about HitBTC and tried to decipher it jut for you. Here is what we managed to find:
HitBTC offers some of the best APIs that are popular for being extremely user friendly and helps even the most basic user to trade with ease. Another amazing aspect of HitBTC is that you can have a look at their Wikipedia page as well. Now, this is quite unique because you’ll hardly ever find anything related to the Bitcoin exchanges on Wikipedia.
Though the company is based in Europe but it operates from its registered office in Hong Kong. The company has been active since 2013 and claims to have built some extremely efficient matching algorithms. Even though the registration process is lightning-quick but the verification process is tedious and immensely time consuming. The different types of verification processes offered by the company include General, Verified, and Qualified. You get all the account levels with HitBTC and each level has its unique advantage. Trading volumes are higher for the higher level account holders, so you can expect to enjoy higher trade volumes with a qualified account.
Funding of an account takes at least 14 days and the withdrawal of funds takes more than 20 days, which is really quite high. Now, you got to have a lot of patience to deposit or even withdraw your money. Coming to the demo mode: It’s super-exciting to get an opportunity to try a crypto exchange platform even before actually create an account and trade. HitBTC gives all users the chance to try all the features without putting in any money! You can carry out a variety of transactions to understand the actual workings of the platform.
HitBTC has very low trading fees and they change only 0.1% on each trade and the LP orders come with a 0.01% discount on execution.
• A completely new technology in use
• Users get to try the platform using the demo mode
• Lucrative affiliate program
• Trading Volume is really high
• Verification is a long and tedious process
• Transaction fees are really high
There’s a two step security verification using the Google Authenticator and this security feature is available for all the logins as well as the withdrawals. However, the strangest thing is that the security aspect is completely missing during the registration process.
HitBTC Affiliate Program
You can easily become an affiliate with HitBTC and make some good money through commission on referrals. Affiliates are paid in Bitcoin and every affiliate is ensured a revenue share percentage between 20 and 40 percent. This is a lifetime payment commission scheme wherein the affiliate partner gets paid every time a successful transaction is carried out by a referred user. Join Their Amazing Affiliate Program Today!
HitBTC Affiliate Review
Very reliable technology but extremely long wait times regarding verification.