how to sell on hitbtc

The trading fee is segregated between the maker-taker model, where market takers are charged a flat fee of 0.1% from each trade, regardless of the cryptocurrencies the trade is being executed in. HitBTC also has a special wallet that is dedicated to trading. This means that while users can transfer their funds to their wallet at HitBTC, they have to transfer those available funds into a trading wallet for any trades to take place afterward. The CEO of cryptocurrency exchange Binance says that he and Berkshire Hathaway CEO Warren Buffett share a similar investment strategy. However, he said he would not convince the Oracle of Omaha to invest in cryptocurrency. Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees.

how to sell on hitbtc

A Ticketing feature, which allows users to contact the HitBTC support team directly. You will see the green “Deposit” button on the top of the page; click on it. A long list of coins will show up on your window, using which you can make deposits. Enter the name of the coin you prefer in the search box.

How To Open An Account At Hitbtc And Trade?

However, with several users coming forward every week about the issues that they have been facing with HitBTC, it seems that trading with the exchange proves to be more trouble than it is worth. Users can deposit funds into their wallet address at HitBTC, and can withdraw their funds from the exchange by providing any wallet address of their own.

Can I withdraw from HitBTC without verification?

Yes, it is not necessary to verify your account to perform a withdrawal from HitBTC.

If you place a buy order you name the highest possible price at which you consent to buy an asset so you buy at this price or lower. If you want to sell some coins, you name the lowest possible price at which you want to sell them so you sell at that price or higher.

Hitbtc Review Summary

Click “Register” in the upper-right corner of the website and fill in the required information. You will need an email address and to set up a password. Go to your email and click on the link in the message from HitBTC to confirm your address and activate your account. On HitBTC, “Takers” are charged fees according to Trading Fee Tier.

You should keep it in mind that no one but you will take care of the safety of your assets. All HitBTC does is providing users with the proper tools of security, but it’s up to customers to use these tools. HitBTC Support CenterAnother issue is that the support team may respond with delays from time to time.

Deposit Crypto Address

In this order type, a stop order has the ability to transcend into a limit order once a specific limit is reached, after which it gets executed only when a specific or a better price is met. Its originating company is Hit Techs Limited, which according to Bloomberg is based out of the U.K.

iXiR Token Starts Trading on P2PB2B in November – Cryptonews

iXiR Token Starts Trading on P2PB2B in November.

Posted: Mon, 08 Nov 2021 08:00:00 GMT [source]

OTC traders happen due to the result of the partnership with TrustedVolumes. To use this feature, users must exchange over 100,000 USD per trade, and each trade will incur a 0.1% transaction fee. In the end, HitBTC is still a desirable platform for advanced traders. Even though the reviews around the web tend to be negative, the advanced tools, fast trade engine, and detailed dashboard are all positives in its favor.

Making A Deposit And Trading

Choose the right kind of cryptocurrency exchange for daily trading volumes and HitBTC lists several hundreds of crypto coins with highly competitive fees. Further, this platform can be easily used by a new trader; it offers a demo account to practice trading, detailed tips, and if the users have any queries, they can contact customer support immediately. HitBTC has an abbreviated Bitcoin name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform. HitBTC supports numerous trading pairs that have several cryptocurrencies, including some of the most popular crypto-assets. HitBTC team members have developed this platform keeping different types of users in mind. When it underwent the designing phase, the emphasis was solely laid on simplicity and easy to use interface for its users.

Wallets are great but they’re created for different purpose. You’d better don’t mix together wallets and exchanges.

Tradewave

Both have solid reputations and are desirable for currency traders. This review of Bittrex vs. HitBTC will help you decide for yourself. When it comes to cryptocurrency deposits and withdrawals, they are as straightforward as it gets.

What is HitBTC account?

HitBTC is the most advanced Bitcoin exchange

2-factor authentication, advanced encryption technology, cold storage – we give you peace of mind when it comes to security.

HitBTC is one of the largest cryptocurrency exchanges in the world for daily trading volumes. The platform lists hundreds of supported coins, and its fees are highly competitive. However, the platform has a somewhat “murky” reputation in the public domain. Before we start talking about the trading functionality on HitBTC exchange, we should clarify one more thing. There is no way to straightforwardly deposit fiat money to the exchange.

I just transferred everything I had out of BitBTC (except some NANO because of maintenance, and 1 satoshi that will remain as a reminder of a scam. The source of funds report has to describe all the actions you have performed with these funds before sending them to HitBTC, e.g. purchasing them, exchanging, transferring from one address to another.

HitBTC has some of the most in-depth and trader-friendly features on the market. In this review, I’ll cover everything you need to know about this London-based exchange. Day – keeps the order active until the end of the trading day in UTC.

Hitbtc Competitors

I’m sure that none of the exchanges would use such an awful strategy to rob people. It seems that nowadays copycats can copy almost everything.

  • Recently I started investing in cryptocurrency, a bit later decided to try trading.
  • HitBTC’s API is robot-friendly; the trader can use the trading bot.
  • It doesn’t matter if a platform is easy to use, has low fees and other exceptional features if your account can be hacked at any second, leaving you empty-handed.
  • HitBTC is a Hong Kong based crypto currency exchange site.
  • Kindly present the chain of such events in chronological order.
  • If you ever have any doubts about your account security or whether you were hacked, you can also view your latest activity in the “Security” tab.

Here is how the lowest tier HitBTC fees fare with other popular cryptocurrency trading exchanges. All in all, these features make HitBTC one of the top altcoin exchanges in terms of available markets and liquidity. Nevertheless, it also has numerous concerns surrounding it, what is hitbtc which we address further in this HitBTC review. For more details about the margin trading tool in demo mode, please check HitBTC’s relevant guidelines. Yes, HitBTC Exchange is one of the safe exchanges available since there have been no hack events since its inception.

Author: Barbara Kollmeyer